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Honda Accord Lease Questions

5246 messages,  Last post on May 21, 2013 at 7:06 PM

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

Messages Page 499 of 526

#4975 of 5246 Residual Value of Accord with NAV by willfine

Feb 18, 2013 (11:00 am)

Can someone explain to me why the residual value of an Accord EX-L with NAV is 2% lower than one without NAV?

#4976 of 5246 Re: Residual Value of Accord with NAV [willfine] by pegasus17

Feb 18, 2013 (11:12 am)

Replying to: willfine (Feb 18, 2013 11:00 am)
Nav is an overpriced option (initially, 2000) that doesn't add much (only ~600) to the 3 year residual value of a car.
without nav 17271 (msrp 28785)
with nav 17855 (msrp 30785)

#4977 of 5246 2013 Honda Accord Lease by acfkel

Feb 18, 2013 (8:42 pm)

This information was received today from a local dealer. This doesn't look good to me. My monthly payment comes to $286 using the information below; not taking into consideration taxes and fees or any possible dealer incentives/rebates. Any feedback?
 
2013 Accord EX
MSRP - 26,195
Sale Price - 24,236
36 months 45k
Sign and Drive - 337
Money Factor - .00125
Residual - 15,717

#4978 of 5246 Re: 2013 Honda Accord Lease [acfkel] by pegasus17

Feb 18, 2013 (8:52 pm)

Replying to: acfkel (Feb 18, 2013 8:42 pm)
i get 35 payments of 313 (or 36 payments of 304) using your data and a 595 acq fee. there are no incentives at the moment. The sell price should be closer to 23.0-23.5 k, not 24236.

#4979 of 5246 Re: 2013 Honda Accord Lease [pegasus17] by acfkel

Feb 19, 2013 (6:49 am)

Replying to: pegasus17 (Feb 18, 2013 8:52 pm)
Thank you. This individual is not being straightforward or telling me how they arrive at a payment of $337 sign and drive. They are dancing around my questions. Probably should move on, correct?

#4980 of 5246 Re: 2013 Honda Accord Lease [acfkel] by pegasus17

Feb 19, 2013 (7:47 am)

Replying to: acfkel (Feb 19, 2013 6:49 am)
REF: 4979
I'd give them another chance. tell them you need to understand how they came up with 337 when you came up with a lower number. The lease calculator is fairly easy to use - check it out:
http://www.leaseguide.com/calc.htm

#4981 of 5246 Re: Residual Value of Accord with NAV [pegasus17] by willfine

Feb 19, 2013 (8:06 am)

Replying to: pegasus17 (Feb 18, 2013 11:12 am)
Thanks Pegasus17. I can understand why a third party leasing company would do that, but not Honda's own. There's enough profit in NAV that they could easily support the price of that option by bumping up the residual value. BMW Finance does that all the time to boost sales. It seems very shortsighted to me.

#4982 of 5246 Re: 2013 Honda Accord Lease [pegasus17] by acfkel

Feb 19, 2013 (11:39 am)

Replying to: pegasus17 (Feb 19, 2013 7:47 am)
Thanks again, pegasus. We will see. I thought a lease payment was calculated on a depreciation fee + Finance fee. Based on the information I was given wouldn't that be: $286?
 
Depreciation : 24236-15717 \ 36 = $236 (approx)
Finance: 24236 + 15717 x .00125 = $50 (approx)

#4983 of 5246 Re: 2013 Honda Accord Lease [acfkel] by pegasus17

Feb 19, 2013 (12:22 pm)

Replying to: acfkel (Feb 19, 2013 11:39 am)
Lease acquisition fee is 595

#4984 of 5246 Re: 2013 Honda Accord Lease [pegasus17] by acfkel

Feb 19, 2013 (12:44 pm)

Replying to: pegasus17 (Feb 19, 2013 12:22 pm)
That would still only bring it up to $302 if I didn't pay it up front, correct? If I paid that up front, then it should be $286, don't you think?

Messages Page 499 of 526

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