Last post on Dec 09, 2013 at 5:17 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Car Leasing, Coupe, Sedan
#5053 of 5565 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 5565 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.
#5055 of 5565 Re: 2013 Accord EX Lease [trusso69]
Mar 04, 2013 (2:15 pm)
Not a problem. Thanks
#5056 of 5565 March 2013 deals
Mar 05, 2013 (3:31 pm)
Did the incentives and rebates change for the month of March? If not when do you think it will be updated?
What is the current Money Factor and Residual Value on a Honda Accord EX-L 4dr no nav 12k from honda financial?
In your professional opinion when is the best months (historically) for Honda to release their best lease incentives or rebates?
#5057 of 5565 Re: 2013 Accord EX Lease [russharris]
Mar 05, 2013 (4:51 pm)
Hey it is me russharris! Thanks for the comments. Once again, my offer included all fees, taxes, first month payment, the tire tax fee.
2013 Accord EX
12 K miles
$285 month OTD
I think I have wiggle room and I could work it down to $265.00
No selling price was mentioned. No residuals etc
I will let people know of my progress and final purchase.
#5058 of 5565 Re: 2013 LX Lease Support? [davew09]
Mar 06, 2013 (3:58 pm)
Hi dweston. Yes, Honda is running a special lease program on the 2013 Accord in March. Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan LX 4-cylinder with 12,000 miles per year are .00107 and 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
This program is scheduled to run through the end of April, but as usual Honda reserves the right to make unscheduled changes.
Prices Paid: Buying & Leasing Experiences Forum
#5059 of 5565 Re: 2013 LX Lease Support? [Car_man]
Mar 06, 2013 (4:07 pm)
How is this a special program?
Last month it was 62% and 0.00125
Now it's 61% and 0.00107
The resulting payment is the same. I am confused...
#5060 of 5565 Re: March 2013 deals [gigalo00]
Mar 06, 2013 (4:29 pm)
Hi Edgar. Honda is not currently providing any cash incentives on the 2013 Accord. It does have 0.9% to 1.9% financing and a special lease on it though.
Honda Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L 4-cylinder with 12,000 miles per year are .00107 and 59% for consumers who qualify for its top credit tier.
It's difficult to say when Honda will introduce cash incentives on the Accord. Traditionally it has maintained a decent level of cash support on it, however the Accord was recently redesigned and as a result Honda scaled back on the cash. I suspect that it will return some time later this year, but exactly when is difficult to say.
Prices Paid: Buying & Leasing Experiences Forum
#5061 of 5565 Lease Re-up with Over Mileage
Mar 07, 2013 (2:08 pm)
Thanks for all the great info shared here! It is fantastic!
My question is: I am currently leasing a 2010 Accord LX and the lease expires soon. Like really soon. Was looking at purchasing it, but lease payments on a 2013 are getting close to payments for an outright purchase. The dealer says they will eat the over mileage (it's a lot) etc. to get me in a new one.
The question for an expert out there is if I lease a 2013 and give this one back to the dealer, how much does the dealer pay AHFC for it? Do they pay the straight residual, the wholesale cost who exactly is eating the over mileage? Looking at NADA, auto listings etc. It appears the trade in value is about 10k. Retail value is 14kish, and residual is 14k. I am playing with the Weymouth calculator. In this scenario would I put 10k in trade in value and 14k in amount owed? That would add the negative equity to the cap cost of a new one. Or does it work completely different on the dealer end?
Anyway, sorry for the long post, but this would really help me out, to be able to visualize where I have wiggle room for a deal.
Thanks in advance for your assistance!!
#5062 of 5565 Re: Lease Re-up with Over Mileage [kp600]
Mar 07, 2013 (2:27 pm)
Most likely the dealer is not going to "eat" the over mileage - they will determine the trade in value of your 2010 and roll any negative equity into your new lease or require an appropriate cap reduction (down payment).