Last post on Dec 09, 2013 at 5:17 PM
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Honda Accord, Car Leasing, Coupe, Sedan
#4903 of 5565 Re: Accord LX lease question(s) [psanders]
Dec 10, 2012 (4:17 pm)
Hi psanders. Honda Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan LX 4-cylinder with 12,000 miles per year are .00155 and 63%, for consumers who qualify for its top credit tier.
It's difficult to say what this car's lease program will be like in January. Honda is not providing any lease support on it right now, so you aren't risking missing out on anything by waiting. However, it is possible that this vehicle's residual values would fall when the next quarter begins, making it slightly more expensive to lease. Whether it is better to get one now or waits depends upon whether Honda introduces lease support on it next month or not. Eventually they will, but I personally would guess that it wouldn't be in January. If that is indeed the case then it would be better to get one at the end of the year.
Prices Paid: Buying & Leasing Experiences Forum
#4904 of 5565 Re: 2013 Accord EX [marbetd77]
Dec 10, 2012 (4:20 pm)
Hi marbetd77. Honda is not providing any support at all cash or lease on the redesigned Accord right now. You aren't risking missing out on anything by waiting, but it is possible that this vehicle's residual values would fall when the next quarter begins, making it slightly more expensive to lease. Whether it is better to get one now or waits depends upon whether Honda introduces lease support on it next month or not. Eventually they will, there's always support on the high-volume Accord, but I personally would guess that it wouldn't be in January. If that is indeed the case then it would be better to get one at the end of the year.
Prices Paid: Buying & Leasing Experiences Forum
#4905 of 5565 Leasing info for 2013 Accord coupe LX-S
Dec 10, 2012 (8:09 pm)
Hi: I'm looking for current residual value for 2013 Accord coupe LX-S. Also, what would be considered a good lease deal for 36 months, 12K miles per year? Live in Franklin County Ohio 6.75% tax and only looking to put down first month and fees.
#4906 of 5565 Re: Accord LX lease question(s) [Car_man]
Dec 11, 2012 (3:52 am)
#4907 of 5565 Lease Question 2013 Honda Accord
Dec 12, 2012 (2:17 pm)
I am new at this negotiation thing. However I did do a good job in 2010 when I leased my Honda Accord EX-L. I am kind of stumped as to what to do next. I went on Edmunds and put out the email to the dealers in my area (Arizona). I would like a 2013 Honda Accord EX-L ideally. I also wanted to get the pricing for the other models as well. So I asked to respond with the lease rates for 15,000 miles, 36 month lease, tier 1 (800 credit score) credit. I also asked for $0 down pricing. The response I got from one dealer was amazingly high, based on what I have been reading on this blog and the lease calculator that was posted I think yesterday (link below)....
Anyway, here is what I got from one dealer.
2013 Accord EX-L = $469 / Month + Tax
2013 Accord LX = $375 / Month + Tax
2013 Accord Sport + $406 / Month + Tax
The other dealer gave me:
2013 Honda Accord EX-L
MSRP - $28,785.00
Your Selling Price - $26,000.00
Monthly payment - $408.07.
This price has a savings of $2,785.00
Both are too high based on my research of the blog etc. So what do I do from here? What should my target price be for a $0 down lease 15,000 miles, 36 months, tier 1 credit (800 score), Honda Accord EX-L.
Thank you for your help.
#4908 of 5565 Re: Lease Question 2013 Honda Accord [mtan1]
Dec 12, 2012 (2:33 pm)
Make an offer in writing close to the Weymouth lease numbers for the car you want. Remember that the doc fee is completely negotiable (i.e., optional) in AZ so don't let them BS you with that. Be prepared to WALK OUT if they won't deal. Nothing has changed in the lease GAME since 2010...Good Luck!
#4909 of 5565 Re: Lease Question 2013 Honda Accord [pegasus17]
Dec 12, 2012 (2:48 pm)
Thank you so much for your help! I really appreciate it! You say close... what would you do $25 under the Weymouth lease numbers more? less? What is reasonable for negotiations?
#4910 of 5565 Re: Lease Question 2013 Honda Accord [mtan1]
Dec 12, 2012 (6:09 pm)
The Weymouth numbers are very competitive. Remember, that their doc fee is required up front whereas the AZ fee is totally negotiable. I would shoot for no more than $10/month over the weymouth numbers. Be prepared to make a deal on-the-spot or walk. The end-of-the-month is a better negotiating position than now...
#4911 of 5565 2013 HONDA ACCORD LEASE QUOTE
Dec 12, 2012 (7:49 pm)
I got this quote for a 2013 Sport Honda Accord Sedan:
$290 a month for a 3-year lease
$700 only payment due at signing which includes first payment and all DMV fees in NYC.
No other fee. Again, only $700 down and $290 thereafter for 35 months.
Is this a good deal?
Thanks in advance.
#4912 of 5565 Leasing 2012 Accord LX 4 DR
Dec 13, 2012 (8:11 pm)
So I am assisting a relative who has been having trouble with dealers with his 2013 Accord LX lease. I've looked around and I didn't see the answers, so please advise on the following:
How much over/under invoice should I ask for the selling price of the car to be?
Any incentives currently in place on the Accord LX? (I didn't see anything online, but maybe there's something I'm missing)
He has an expiring Honda lease, any loyalty credits or related incentives?
The posted rates I've found are: LX - 63% AND .00155 FOR 12,000 MILES/36 months .. are these accurate? Are there rates available for a 10,000 mile lease since he drives under 10k miles annually...?
The Honda Finance fee I've seen posted is $595, any other costs to expect when leasing?
And is there anything else one should be aware of when proceeding with this vehicle??
Thanks very much!