Last post on Dec 12, 2013 at 4:00 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Car Leasing, Coupe, Sedan
#4852 of 5567 2012 Honda Accord EX-L V6 - Lease Payments
Oct 24, 2012 (3:33 pm)
I know what I want, I just don't know how to get there.... I have been quoted a price of $23,942 for the above mentioned vehicle, I think this is a great price! I want to keep my payments around $300 with as little down as possible. I have excellent credit and live in So Cal, 92646 zip, when I go into the dealer, what should I be looking at/for? I have never leased before and I find it quite confusing! Thanks in advance!
#4853 of 5567 Re: 2012 Honda Accord EX-L V6 - Lease Payments [belindajon]
Oct 24, 2012 (4:26 pm)
It's a great price if you're paying cash or financing. However, the lease rate you are getting is too high. It's not you, its Honda financial services. Look around at other vehicles like the Nissan Altima, Hyundai Sonata, or Ford Fusion. Their lease rates for a similar priced vehicle are much better.
If you're dead set on a 2013 Accord LX then hold off till the next quarter when their lease rates should improve and they have real lease support. Right now the supply and demand is such that they don't have to.
#4854 of 5567 Re: 2012 Honda Accord EX-L V6 - Lease Payments [ajr1775]
Oct 24, 2012 (5:13 pm)
Just to clarify... this is a 2012 EX-L V6, not the LX.
#4855 of 5567 Re: 2012 Honda Accord EX-L V6 - Lease Payments [belindajon]
Oct 24, 2012 (6:14 pm)
That makes it even worse....a 2012 should have a better lease rate. Especially if they're wanting to move inventory to clear way for 2013 models. Based on the sale price of the vehicle which is referred to as the capitalized cost it's very high still. Forget that dealer and move on to another. See the other posts and compare their sale price(capitalized cost) to the lease rates that accompany them. You can do a ratio and figure out what the lease rates should be. Although they are getting bad lease rates too, just not as bad.
I just ran a check and a 2013 LX with a cost of $23,270.00 was getting a lease rate of $400.00. Ouch! It should be way under $300.00. As a comparison, right now you can get a 2013 Nissan Altima 3.5 SL for $282 per month with an MSRP of $30,500.00. Granted, it's a special offer they have going on but their regular offers are pretty good as is.
#4856 of 5567 2012 Honda Accord EX-L V6 - Lease
Oct 25, 2012 (6:35 am)
I just leased a 2012 EXL v6 w/ $2400 down for $235 a month. 36 Month 12k miles. Selling price was 23K.
#4857 of 5567 Re: 2012 Honda Accord EX-L V6 - Lease [tellomaster]
Oct 25, 2012 (6:46 am)
Now that's more like it! Sounds right if you take the $2,400.00 off the sale price and your capitalized net ends up at $20,600.00 and you lease based off of that.
#4858 of 5567 Re: 2012 Honda Accord EX-L V6 - Lease Payments [belindajon]
Oct 26, 2012 (5:40 pm)
Always look at the adjusted gross cap cost. You should be able to get it for under $300 and the money factor rate for 2012 Accords is much lower than the 2013 model. It is .00046. The residual value is 51% for 12k.yr. This is for Tier 1 Super Preferred which means you need a 660 credit score or greater since Tier 2 Preferred is the same money factor rate.
Also, all Honda leases come with a $1500 in wear and tear allowance and also no disposition fee at lease end. Also GAP insurance is included. There are dealers out there that will try to sell you this so don't fall for that.
#4859 of 5567 Re: 2013 Accord Sedan [bobbyrutgers]
Oct 26, 2012 (5:46 pm)
The much better deal will be on the 2012 Accord. The money factor rate is much lower .00046 vs. .00165. Also the rebate or dealer cash, lease cash is $2250 on remaining 2012 Accord EX and EX-L and also V6 models which get an additional $500.
Also be careful of who is the bank. You have two lease proposals. I would stick to Honda Financial leases and not other banks. The other banks may have higher acquisition fees and also they may nickel and dime you for damage to the car at lease end. Honda is much more flexible and they have $1500 in wear and tear allowance for minor dents and scratches. Honda also has no disposition fee. I would personally wait for the 2013 lease program to get better. The 2013 Accord is a superior car to the 2012 model with lots and lots of changes and improvements.
#4860 of 5567 Re: 2013 accord EX-L numbers [Krovopiytza]
Oct 30, 2012 (4:18 pm)
Here you go Krovopiytza. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L 4-cylinder without navigation with 12,000 miles per year are .00155 and 61%, for consumers who qualify for its top credit tier.
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#4861 of 5567 Re: 2013 accord EX-L numbers [Car_man]
Nov 02, 2012 (12:18 am)
Thanks for the info!
I'd like to know residual and mf for 2012 EX, EXL and SE. It will be great if you may list the number for both 24 months and 36 months, with 12K/y and 15K/y.