Honda Accord Lease Questions

Hi barkow. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L V6 with Navigation and 15,000 miles per year are .00155 and 57% for consumers who qualify for its "Super Preferred" credit tier.

Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Replies to this message:

migraine (Feb 03, 2013 9:53 am)
- Car_man (Feb 11, 2013 4:47 pm)

#4949 of 5261 Re: January Residuals [barkow] by pegasus17

Feb 03, 2013 (9:37 am)

Replying to: barkow (Jan 27, 2013 1:07 pm)

ref: 4947
Might want to investigate the vibration issue with the VCM on the new Accord V-6 engine before jumping on that lease. Many complaints.
read post 98:
maxgts1, "Honda Accord 2013+ Maintenance and Repair" #94, 17 Jan 2013 9:54 am

#4950 of 5261 Re: January Residuals [Car_man] by migraine

Feb 03, 2013 (9:53 am)

Replying to: Car_man (Feb 03, 2013 9:29 am)

Hello Car Man,

I would appreciate it I you could post the same info for a EX-L V6 with no navigation and 12,000 miles/ year.

Thank you.

Replies to this message:

Car_man (Feb 11, 2013 4:47 pm)

#4951 of 5261 2013 Honda Accord EX 4C Sedan by hondarider2

Feb 04, 2013 (1:49 pm)

Hi,
Can you please tell me the residual value and the money factor for February, for 2013 Honda Accord EX 4C sedan, 12K/yr, in PA?

Thanks!

Replies to this message:

Car_man (Feb 11, 2013 4:48 pm)
- hondarider2 (Feb 12, 2013 8:10 am)
  - Car_man (Feb 12, 2013 4:43 pm) and 2 more...

#4952 of 5261 honda accord ex 2013 lease which is the better offer by solsti88

Feb 04, 2013 (2:46 pm)

Hi everyone please help me get a great deal im not to sure how all this works but I was able to get 2 reasonable quotes but the sales men confuse me with the out the door value and the so which deal is better please help I must decide soon.

2013/Honda/Accord/EX--MSRP $26,195.00--YOU PAY $24,395*
*Price EXCLUDES taxes, tags, and dealer fees
Your total Out the Door is; $26,801.06 Includes window tint
Lease Option
- 36 Month Lease
- 12000 Miles Per Year
- $500.00 Total Out of Pocket (Includes first payment, tag and fees)
- 35 Remaining Payments of $360 tax included (Based on Miami Dade County tax)
---or---
- 36 Month Lease
- 15000 Miles Per Year
- $500.00 Total Out of Pocket (Includes first payment, tag and fees)
- 35 Remaining payments of $375.58 Tax Included
Why doing business with Rick Case Honda?
- 10 Years/100,000 Miles Warranty,- 5 Years/24 Hours Road Side Assistance- Free Car Wash for Life- Discounts in Parts, Service and Accessories
----or-----
msrp $26,801 --- I pay $23975
26319 out the door tag includes tag title and fees
365.58 monthly
15k/yr
$500.00 due at signing
36 month term
window tints, free car washes, coupon booklet for oil change and service discounts, normal factory warranty and also comes with a free 4day cruise for 2 ppl on carnival

this is the one that confuses me yet it is the cheapest I think can you guys help me

MSRP: $26,195.00
Adj. Market Value: $26,195.00 what does this mean?
Discount: $2,158.07
Vehicle Price: $24,036.93
DMV Fees: $372.49
Dealer Service Fee: $699.00
First Payment $338.13
Delivered Price: $25,446.55 out the door right ???
Lease Monthly
Out of Pocket 36 mos.
$745.62 $338.13
Annual Miles 15,000
Residual $15,717.00 how does the residual look is it good ?
now this dealer does not give you any perks no tints no roadside only first oil change free is it really a good deal Im not sure but the monthly payments are very low. is that a good thing? even if the due at signing is $745. it is still the lowest out the door

Help me please!!!!!!!!!!!!

Replies to this message:

huskerfan5 (Feb 04, 2013 6:56 pm)

#4953 of 5261 Re: honda accord ex 2013 lease which is the better offer [solsti88] by huskerfan5

Feb 04, 2013 (6:56 pm)

Replying to: solsti88 (Feb 04, 2013 2:46 pm)

I'd like to help you out, but first you need to take some initiative as opposed to throwing out a bunch of numbers many of which you do not understand. For example, you provide a "Delivered Price". Did you ask the dealer what that represents? It certainly isn't an out the door price. If you take $25,447, back out the $372 DMV fees, that leaves $25,075. Back out the 7% Miami Dade tax (would have been considerate of you to provide your tax rate instead of me having to look it up), and the cost of the car would be $23,435. Well, if you can get it for $600 under invoice, buy a dozen, then go to the Prices Paid board and sell them all at a nice profit to others who are looking for an Accord.
You're also the first person to ask whether a residual is good so I'm guessing you're not familiar with what a residual represents or how it impacts the monthly lease payment.
Please do a little research on the web regarding how leasing works, learn about capitalized costs, residuals and moneyfactors, then get a breakdown of the numbers from these dealers and I will be happy to advise you.

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