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Honda Accord Lease Questions

3629 messages,  Last post on Dec 04, 2009 at 9:38 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#51 of 3629
Re: Get out of 2004 Accord Lease [Car_man] by emma4
Oct 30, 2005 (12:49 pm)
Reply

Replying to: Car_man (Oct 30, 2005 8:56 am)

Thank you for your thoughtful response to my situation. I've already gone through buying out the lease on the Civic, including having to pay state sales tax for a car that's not even being driven, and will never go that route again. Someone else on the forum mentioned the possibility of finding someone to assume the lease. Do you know what that entails? What happens at the end of the lease, am I still the responsible party, etc? In the meantime, I'll try to focus on selling the Civic again.
 
Thanks for your advice!
#52 of 3629
Re: Get out of 2004 Accord Lease [haefr] by emma4
Oct 30, 2005 (12:57 pm)
Reply

Replying to: haefr (Oct 30, 2005 8:30 am)

Thanks for the feedback... Once you put it into perspective in regard to the insurance, it makes sense to keep it insured. I hadn't thought about it that way. Sure wish there was another way out of this... but it looks like my focus needs to be on selling the Civic and continuing my Accord EX lease.
 
Thanks again.
#53 of 3629
emma by anonymousposts
Oct 30, 2005 (1:14 pm)
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I am not sure where you are located but check and see if there is a Carmax near you. They will give you an offer to buy your car which is usually a fair deal. www.carmax.com.
#54 of 3629
Re: emma [anonymousposts] by emma4
Oct 30, 2005 (1:38 pm)
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Replying to: anonymousposts (Oct 30, 2005 1:14 pm)

I just checked and the closest Carmax is in Maryland... I live in Rhode Island. Thanks for suggesting this though. emma4
#55 of 3629
Re: Upside Down and Leasing [Car_man] by accordlease
Oct 30, 2005 (6:55 pm)
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Replying to: Car_man (Oct 30, 2005 8:46 am)

Hi Car_Man,
 
The car I wish to purchase lists for 22,500. What do you think I could get them down to? Also, I would like to add a spoiler to that. Please let me know what you think my payments would, or should be at (ballpark figure). Thank you for all your help on this board.
#56 of 3629
lease payment by mdaccord
Nov 02, 2005 (6:41 am)
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I am a currently leasing a 2003 accord and the lease expires this month. I am looking to lease a 20064 dr Accord LX Automatic in Maryland to replace my current lease. With an MSRP in the neighborhood of 21,000 and up front payment of only the first month's lease fee and title, registration fess, etc. (total of about $500 out of pocket at pick up) what should I expect as a reasonable monthly paynment including tax?? Also since I am a repeat leasee does honda ever waive aquisition fees, security deposits, etc.??
#57 of 3629
Re: lease payment [mdaccord] by nvnick
Nov 02, 2005 (10:47 am)
Reply

Replying to: mdaccord (Nov 02, 2005 6:41 am)

Based on October lease rates (MF 0.00192 & either 59% or 57% residual), a 36mo/36k mile lease is $254, or $265 for 45k miles. I'm assuming $250 over invoice for the purchase price. Honda has waived the security deposit in the past for returnees, but I doubt they waive the acqusition fee. Worst case scenario, the November lease rates stay the same.
#58 of 3629
Lease on a new Accord by boardchair
Nov 02, 2005 (7:30 pm)
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I am wanting to lease a new Accord EX-V6....about 27300 + destination charges. I want a 3/36 with no money down. What should I expect to my monthly payments to be. I am currently leasing a 2003 EX 4 banger, but leased that when I lived in NYC,
 
Any help is appreciated.
#59 of 3629
money factor by mdaccord
Nov 04, 2005 (5:26 am)
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does the dealer have the ability to alter the money factor or residual or are these values set by american honda finance. along those lines, the dealer is telling me that the money factor is .00184 and the residual is 55%. are these accurate/reasonable?
#60 of 3629
tax on a lease calculation by mdaccord
Nov 04, 2005 (6:42 am)
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I believe I have a handle on calculating lease payments but there is one thing I still do not understand--how to calculate the sales tax into the monthly payment. When using the Edmund's Lease Calculator, the sales tax does not show up in "total amount to be financed" line at the bottom of the calculation page and the "total to be financed" is only the selling price plus the aquisition fees. tax is figured in but I can't tell how--it does not appear to involve the entire amount of sales tax. when my dealer calculates the payment his "total to be financed" includes all the sales tax based on the selling price (5% in Maryland)and obviously results in a higher monthly payment. can anyone clarify how to figure in sales tax? Am I responsible for paying the entire amount of sales tax despite the fact that I am only leasing the car for 3 years?

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