Last post on Dec 04, 2013 at 2:02 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Car Leasing, Coupe, Sedan
#5045 of 5551 Re: 2013 Accord EX Lease [russharris]
Mar 03, 2013 (5:44 pm)
DMV fees are probably around $325 for an Accord in NJ so it looks like your $1300 initial payment includes your DMV fees, $595 Honda Finance fee, first month payment of $285 and doc fees of $95.
The best way to compare leases is to put everything into the lease and then calculate 36 equal monthly payments.
In your case, that would mean putting $1,015 into the lease ($1300 - 285 first month payment). In a typical lease, every $1000 put into the lease equates to about $30 a month so this lease would be $285 + 1.015 x $30 = $318 including tax.
Weymouth is $280 but doesn't include their $125 doc fee, DMV fees or tax. So now you would be putting in $125 doc fees plus 325 DMV fees = $450. .45 x $30 = $13.50 more more month. $280 + $13.50 = $293.50. Add 7% tax, and the Weymouth equiv for NJ would be $314.
Your are really close to Weymouth. Worst case, take this deal even if they won't go lower.
Incidentally, according to the Weymouth site, the residual is 60%.
#5046 of 5551 Re: 2013 Accord EX Lease [huskerfan5]
Mar 03, 2013 (8:27 pm)
Are you intentionally misleading this guy?
The 280 on the weymouth site includes 7% tax I manually entered.
Their sell price is 23273
The residual for 12k miles is 62%
His original deal is too high; there is easily a few hundred bucks he can go lower.
get a clue
#5047 of 5551 2013 LX Lease Support?
Mar 04, 2013 (6:58 am)
Hi Car man,
Any word on whether Honda is/will be providing lease support on the 2013 Honda Accord Sedan - LX, CVT Automatic, 36 mo./12K, either this month (March, 2013) or next month?
#5048 of 5551 2013 Accord EX Lease - Price Paid
Mar 04, 2013 (10:01 am)
I just turned in my 2010 Accord EX. I had one month payment left and damage to the rear bumper that when I had repairs estimated, was upwards of $600+. I traded in my vehicle and am in the new 2013 Accord EX. 15k miles, $0 down (sign and drive). They paid off my last payment and including everything it is $312/month.
I think I could have potentially got it lower, but how do you think I did?
#5049 of 5551 Re: 2013 Accord EX Lease [trusso69]
Mar 04, 2013 (11:32 am)
russharris, I apologize, trusso69 is correct about the $280. I looked up the EX coupe, not the sedan so my amount is about $19 too low. Since your figures included everything and trusso69 figures required you to make some additional adjustments, my goal was to provide you an apples to apples comparision.
trusso69, your comment that I would intentionally mislead russharris was uncalled for.
#5050 of 5551 Re: 2013 Accord EX Lease [huskerfan5]
Mar 04, 2013 (12:12 pm)
you are correct; sorry for my abrasiveness
#5051 of 5551 Re: 2013 Accord EX Lease - Price Paid [acfkel]
Mar 04, 2013 (12:24 pm)
"I think I could have potentially got it lower"...not that much
Are you familiar with the weymouth honda web site? Best in the nation for their online disclosure of pricing for both buys and leases.
from the site:
MSRP including destination $26,195.00
Sale Price $23,276.52
Residual $15,717.00 (60% of MSRP)
Financing 0.00125 money factor
monthly payment 276
note: tax excluded, doc fee excluded, dmv fees excluded. You would have to add these fees plus your one remaining payment to determine how you did.
312-276=36 * 36 months = 1296
#5052 of 5551 Re: 2013 Accord EX Lease - Price Paid [trusso69]
Mar 04, 2013 (12:44 pm)
Thank you. Yes, I used the Weymouth calculator to compare my numbers to their's.
I think I did do fairly well. I thought I could have got it down to $305, but I am happy with this. I was paying way too much for my last lease.
#5053 of 5551 2013 Accord EX lease
Mar 04, 2013 (1:16 pm)
what made you choose the Ex? I am still debating LX, Sport, EX for myself.
More importantly, how do you like your new car?
#5054 of 5551 Re: 2013 Accord EX lease [trusso69]
Mar 04, 2013 (1:52 pm)
I wanted the sunroof. This wasn't available on the LX or the Sport, or so I was told. I was hesitant to go with this new Accord and was turned off by the new technology (keyless entry/ignition), etc. and even explored the Ford Fusion SE. Was tempted to go with the Ford, but went with the Accord and so happy I did. I have only had it for a few days but I love it and enjoying the very things I was turned off by originally.