Last post on Dec 09, 2013 at 5:17 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Car Leasing, Coupe, Sedan
#4987 of 5565 Re: 2013 Honda Accord Lease [pegasus17]
Feb 19, 2013 (2:04 pm)
This is what they provided with $1,500 down. I have stated I do not want to put money down continuously, but may for taxes and fees.
New 2013 Honda Accord Sedan 4dr EX AT AT [CR2F7DJW]
Lender Program: AHFC (NATIONAL) / SP / Super Pref Customer:Guest
Term: 36 Customer Phone:N/A
Rate Adjustment: BASIC standard program Credit Score:750
Residual Adjustment: Basic Standard Program Update Version:15364
Manufacturer's Suggested Retail: 26195.00
Options to Residualize: 0.00
Gas Guzzler Tax Amount: 0.00
Residualized MSRP: 26195.00
Initial Mileage: 0
Total Expected Miles: 45000
Ending Mileage: 45000
Total Allowable Miles: N/A
Total Additional Miles: N/A
Up-front Mileage Rate: 0.10
Up-front Mileage Penalty: N/A
Residual Percentage (Book): 60.000%
Residual Percentage (Adjusted): 60.000%
Gross Residual Amount: 15717.00
Mileage Penalty/Misc Adj: 0.00
Residual Amount (Net): 15717.00
Residual Percentage (Net): 60.000%
Money Factor: 0.00125
Monthly Depreciation: 256.36
Monthly Lease Charge: 50.83
Original Taxable Base: 24236.00
Taxable Base: 10312.88
Tax Subtotal: 801.83
Flat Tax: 0.00
Tax Amount: 801.83
Selling Price: 24236.00
Service Contract: 0.00
Gap Insurance: 0.00
Tax Amount: 801.83
DMV Fees: 0.00
Credit Insurance: 0.00
Acquisition Fee: 595.00
VSI Fee: 0.00
FS Fees: 0.00
Other Cost: 0.00
Cap Cost (Initial): 25632.83
Cap Reduction: -686.81
Adjusted Cap Cost: 24946.02
Base Monthly Payment: 307.19
Monthly Use Tax (0.000%): 0.00
Personal Property Tax (0.000%): 0.00
Total Monthly Payment: 307.19
Cap Reduction: 686.81
Cap Reduction Tax: 0.00
First Monthly Payment: 307.19
Security Deposit: 0.00
Title,Tags and Misc: 506.00
FS Fees: 0.00
Total Due at Inception: 1500.00
Approx. Purchase Option Price: 15717.00
#4988 of 5565 Re: Residual Value of Accord with NAV [willfine]
Feb 19, 2013 (2:21 pm)
There are accounting rules concerning residual values. If Honda's experience indicated that a car with NAV had the same residual percentage as one without, they would be required to use the same percentage. Ask your accountant.
#4989 of 5565 Re: 2013 Honda Accord Lease [acfkel]
Feb 19, 2013 (2:26 pm)
I have a few questions:
why is the sales price still so high?
why is the taxable base so low? is there a trade?
title tags and misc is too high at 506; what state are you in?
looks like your 1500 down is covering ccr 687, 1st 307, misc 506
#4990 of 5565 Re: 2013 Honda Accord Lease [pegasus17]
Feb 19, 2013 (2:34 pm)
I didn't negotiate a lower selling price and wanted to see what they came with first. I stated up front that I would not be putting any money down and I wanted to know Net Cap Cost, Residual, Money Factor and monthly payment. The math doesn't jive. I am located in Minnesota. I don't have a trade. I am in a current lease (my fourth one). This would be my 5th Honda lease. I am going to continue shopping. I know I can do better than this.
#4991 of 5565 Re: 2013 Honda Accord Lease [acfkel]
Feb 19, 2013 (2:48 pm)
Any positive equity in your current lease? Doesn't hurt to check.
try to work out the math - it would help you next time
#4992 of 5565 Leased 2013 Honda Accord Sport Sedan
Feb 19, 2013 (5:27 pm)
Recently leased the 2013 sport Accord sedan for $282/month (tax included; 36 months, 12k/yr miles) with only $680 down which included, first payment, DMV and other minor fees. This was in Tarrytown, NY. I had contacted several other dealers and as always, they tell you something over the phone or email and beg you to come in only to come up with something different once you visit them. This dealer in Terrytown was right on their promise and made it basically the same way the told me over the phone.
During this whole process, I only wished any dealer in New York had the same clear cut online calculator as Weymouth Honda. Thanks to this great forum, I used the calculator all the time to see how close of a good deal I was getting. Well, this one I got is only a couple of dollars over what's Weymouth Honda is offering on the Sport sedan right now.
Thank you all for you help and hope this info may help others looking.
#4993 of 5565 Re: Leased 2013 Honda Accord Sport Sedan [jcarlos]
Feb 19, 2013 (8:53 pm)
Thanks JC. This does help. Always nice to know what others are paying. I was quoted too high recently and this helps validate it. I hope you are enjoying the new wheels.
#4994 of 5565 2013 Honda Accord Sport Lease Numbers
Feb 20, 2013 (5:46 am)
Here are some figures the dealership in MD quoted for a Accord Sport - 15k miles/year lease. This is before any negotiations. Any thoughts?
DOC FEE 200.00
ACQ FEE 595.00
GOVT FEES 292.00
ALLOW MI/YR 15000
MO. PMT () 347.47
#4996 of 5565 Re: 2013 Honda Accord Sport Lease Numbers [khuzbuz]
Feb 20, 2013 (7:53 am)
That is higher than my quote on an EX Accord lease MSRP $26,195. I should be able to get a payment under $300 for what I want. I think your's is way too high. There is a previous post of somebody who leased a Accord Sport for $282/month.