Last post on Dec 06, 2013 at 5:39 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Car Leasing, Coupe, Sedan
#5102 of 5563 Accord Lx - sedan
Mar 23, 2013 (3:12 am)
Can someone please supply the numbers for the Accord LX - auto - sedan. Looking for a 36 month lease, 12,000 mile per year, no capital cost reduction.
I was curious to know what people are getting the car priced at? How much under MSRP. I see the Truecar amount is about $21,488. I am helping my mom pick this car up, she lives in MI and I live in Charlotte. So all of the negotiations will be online. Thanks!
#5103 of 5563 Re: Accord Lx - sedan [zack82]
Mar 24, 2013 (7:12 am)
Be sure to get a quote from Betten Honda in Muskegon. We have purchased our last 3 Honda's from this dealership and that are very easy to work with.
We have worked with Mike Culleton.
Mar 24, 2013 (1:52 pm)
Yes, there's lease support on all Accord models right now, though the new plug-in models that probably very few people want have less support available on them than regular Accords.
Prices Paid: Buying & Leasing Experiences Forum
Mar 26, 2013 (7:06 am)
Hello there ,
Im thinking of leasing an accord for a period of 3 years .
I currently live in chicago. Will be moving to New york in 3 months .
Does it make sense to lease the car in Chicago and take it to New york .
Or shall I just wait and lease the car in New york
#5106 of 5563 Re: Accord Lease [anirudhk]
by kyfdx@Edmunds HOST
Mar 26, 2013 (7:07 am)
I'd wait, just to avoid Illinois sales taxes.... which are punitive on leases..
#5107 of 5563 Re: Accord Lease [kyfdx]
Mar 26, 2013 (4:24 pm)
Thanks for the reply!
Also Id have to re-register it in new york and pay again right?
If I need the accord only for a period of 3 years .
Does it make more sense to lease it or buy it?
#5108 of 5563 Accord Sedan LX CVT Base
Mar 27, 2013 (11:51 am)
York, PA - 2013 Honda Accord Sedan LX CVT MSRP $23,270
24 month lease, 12k miles per year
I received a "No-hassle Internet pricing" quote via email by clicking on a link at the dealer's website. Followed up in-person with a test drive and requested additional information via email.
Here are the details I received:
Sell Price: $20,700.00 ("no-hassle" email quote)
Wheel Locks: $99.00 (quoted via email)
Adj. Sell Price: $20,799.00
Lease Aq. Fee: $595
Lease Incentive: $500 (had trouble understanding the salesman via email but it sounds like they may have a $500 incentive right now? - will verify tomorrow when I visit)
Net Cap Cost: $20,894
Res Value (67%): $15,591 (quoted via email)
Money Factor: .00107 (quoted via email)
Finance cost: $937
Monthly Payment: $260.00 (not including PA tax + no money down)
Tag + Fee (that is how he worded it): $93.05 (quoted via email)
Doc Fee: $131.00 (quoted via email)
Does it seem reasonable?
I also asked them if they have less than 12k miles lease and his response was: "There are no low mileage offers, but the great thing is that with your low miles the car will be worth more at the end. What I am meaning is typical at the end of a Honda lease our customers has equity in their cars which benefits them in their next purchase."
#5109 of 5563 Re: Accord Sedan LX CVT Base [fatgordy]
Mar 27, 2013 (1:00 pm)
Do you really need the car for only two years? The residual for a 36 month lease is 61%. Adding your taxes and fees, your payment will be close to $40 a month less.
#5110 of 5563 Re: Accord Sedan LX CVT Base [huskerfan5]
Mar 28, 2013 (4:24 am)
Not sure how you calculated this. If you are suggesting that if taxes and fees are rolled into a 36 month lease then the price would be $220 using these numbers, I do not agree. Rolling in taxes (assuming 9% on leases for most parts of PA) and the $820 in fees, then the price is more like $247 / month for a 36 Month 12k/year lease. This is using a money factor of .00097 for a sign and drive lease.
The initial quote however, does not seem to be sign and drive and looks those fees are paid upfront. Paying those fees upfront and using .00107 as the money factor , I come up with paying $820 at inception and $225 / month (using 9% sales tax).
Although the fees seem to be pretty reasonable, I personally don't see a reason to pay those fees up front with rates being so low but that is a personal decision.
However, I do think you can do slightly better on the price of the car, I have seen offers a fair amount lower and especially going into the final weekend of the quarter I suspect you could do better.
#5111 of 5563 Re: Accord Sedan LX CVT Base [brcar]
Mar 28, 2013 (7:49 am)
What I meant was that if you also took the taxes and fees into consideration for both leases, the difference for a 36 month lease with 61% residual and a 24 month lease with a 67% residual would be about $40/month.
Personally, I always put my fees into the lease in case the car is stolen or totaled in an accident. Especially with rates low as you say, this is really cheap insurance.
True story. My supervisor was from France. His father picked up his new Peugeot, parked it on the street in front of his apartment house in Paris and when he got upstairs and looked out the window, it was already gone.