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Honda Accord Lease Questions

5264 messages,  Last post on May 24, 2013 at 5:35 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Honda Accord, Car Leasing, Coupe, Sedan

Messages Page 490 of 527

#4886 of 5264 2012 Honda LXP in PA by i_love_hondas

Nov 25, 2012 (8:55 pm)

Residual: $13,480
Annual mileage: 12,000
Lease term: 36 payments
 
I will end up putting on more than that due to an unexpected job change.
 
I owned my last Honda for 12 yrs and did a lease/purchase conversion many yrs ago.
 
My contract states:
Excessive Wear and Use: I may be charged for excessive wear baed on Lessor's standards for normal use and for mileage in excess of 12,000 miles per year at the rate of .15-cents per mile.
 
Purchase Option at End of Lease Term: I have an option to purchase the Vehicle AS-IS, Where-IS at the end of the Lease Term for $13,480, PLUS any required taxes and fees.
 
If I exceed my mileage allowance of 12,000 miles and decide to wait til the end of the lease term to purchase it, will I be penalized?
 
Am I better off trying to convert this lease NOW to a purchase by taking a loan with my Credit Union? They have great rates for pre-owned cars.
 
I am the original owner and will do what I did with my last Honda, keep maintenance and records. This car may be a decent one to keep since my last one was a Civic and this one is an Accord.
 
Does anyone have any feedback? Anything else I should be aware of?

#4887 of 5264 2013 Accord Coupe EX 4 cylinder by dcf1955

Nov 26, 2012 (7:54 am)

Hi CarMan - do you have the MF rate and residual for a 2013 Accord Coupe EX 4 cylinder Manual on a 36 month 12k/yr lease. Does Honda have a 24 month lease deal on the same car? Thanks!

#4888 of 5264 Re: Lease numbers for 2013 Accord LX Sport [Car_man] by sean_cornil

Nov 26, 2012 (9:31 am)

Replying to: Car_man (Nov 06, 2012 6:13 pm)
Thank you so much for the reply Car_Man! It was very helpfull!
 
One more question if you don't mind. Can the residual value be affected if I choose manual transmission or automatic? With any car? I remember a dealer once telling me the manual will be a higher lease payment because it is usually harder to sell a manual trans car when I return it at the end of the lease.
 
If it is affected, what is the residual and MF for a 2013 accord sport manual transmission 36mo 12,000 per year.
 
Thanks again!

#4889 of 5264 MF / Residual for 2013 Accord Coupe EX-L V6 by landonfreeman

Nov 27, 2012 (1:10 pm)

What is a fair money factor and residual for leasing a 2013 Honda Accord Coupe (MSRP $31,140) with a 42 month term at 18k miles per year?
 
Is a money factor of .0017 and a residual of 48% completely out of the question? Or are those realistic figures?
 
Thanks,
Landon

#4890 of 5264 Re: 2013 Honda Accord Lease Deal - Is it a good deal? [gee22] by syr

Dec 06, 2012 (12:03 am)

Replying to: gee22 (Nov 24, 2012 11:28 am)
This is the most useful response I have read in a while
Thank you gee22.

#4891 of 5264 Re: 2012 Honda LXP in PA [i_love_hondas] by gpsac

Dec 06, 2012 (5:07 am)

Replying to: i_love_hondas (Nov 25, 2012 8:55 pm)
If you purchase the vehicle at lease end, ther are no fees for damage or mileage. These only come into play if you are returning the car to the lessor after your obligation is complete.

#4892 of 5264 Re: MF / Residual for 2013 Accord Coupe EX-L V6 [landonfreeman] by gpsac

Dec 06, 2012 (5:15 am)

Replying to: landonfreeman (Nov 27, 2012 1:10 pm)
Not sure I understand the question or whether it has an answer. The residual has nothing to do with "fair". It is what it is. Based on the historical resale value of a particular vehicle. Now the manufacturer may at times pay the lessor (lender: Honda Finance) to bump it up. No different than they will buy the interest rate down.
 
History and competition drive what these numbers are.

#4893 of 5264 Accord LX lease question(s) by psanders

Dec 06, 2012 (6:51 am)

Hi Car man,
 
I'm interested in leasing a 2013 Accord sedan--the LX with auto transmission and no Sport Mode. Can you please tell me the December 2012 money factor and residual value for a 36-month lease (12,000 miles per year)?
 
Also, do you think I might get a better deal now (Dec. 2012) or next month (Jan. 2013)?
 
Thanks.
psanders

#4894 of 5264 Re: Accord LX lease question(s) [psanders] by pegasus17

Dec 08, 2012 (11:04 am)

Replying to: psanders (Dec 06, 2012 6:51 am)
For any info on Honda leases, this dealer posts all the numbers as part of their lease calculator. It is amazing and simple to use. Too bad they are the only one in the nation to do this. I don't live in Mass. nor am i affiliated with them...
 
http://www.weymouthhonda.com/lease

#4895 of 5264 Re: Accord LX lease question(s) [pegasus17] by psanders

Dec 08, 2012 (6:16 pm)

Replying to: pegasus17 (Dec 08, 2012 11:04 am)
Thanks for the link! You're right--more dealers should do this.

Messages Page 490 of 527

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