Last post on Dec 09, 2013 at 9:06 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Car Leasing, Coupe, Sedan
#5291 of 5564 Re: Accord EX-L (4 cyl) Sedan Lease - 3 year 36k [carguy778]
Jun 20, 2013 (11:23 am)
I shopped all around Cincinnati and Dayton Ohio area. Three very good dealers, Joe Morgan, Matt Castrucci, Allan Nott were all very competitive and I would have purchased from any of them. They all were in the same $320/range, other Honda dealers were $340 and above, I walked out at 6 other dealerships, but each time I was able to get closer to a realistic bottom line. My learning on this is as you approach end of month, you should be able to beat my $320 by another $10 to $15/month. Good Luck.
#5292 of 5564 Are residuals and money factors negotiable?
Jun 22, 2013 (10:12 am)
#5293 of 5564 Residual % for Honda Accord 2013, 3 years, 45K miles in MA?
Jun 22, 2013 (10:40 am)
#5294 of 5564 Re: Are residuals and money factors negotiable? [yoyolen]
Jun 22, 2013 (12:13 pm)
Honda Finance establishes the money factor based on your credit tier and the residual based on the model. Ask to see it in writing if you do not trust the dealer but they are not negotiable.
#5295 of 5564 Help with deal!!!!!Accord Coupe Ex-L i4
Jun 25, 2013 (5:39 pm)
Ok this is the quote I got from a dealership in NY. I feel like I'm getting ripped off.
Honda Accord Ex-L Coupe i4
36 months 12k lease
Monthly Lease Fee $250.01
Cap Cost Reduction 3658.19
Tax on cap cost reduction 315.52
Up Front Tax (8.625) 776.28
Total Due At Inception 5000 (Thats the trade in for my Car)
Less Cash Deposit 100
Cash Due on Delivery 4900
Purchase Option Price 16161.60
He also used the $500 for Flex Cash
How much lower can I get this guy I feel like I'm paying way to much for the car.
#5296 of 5564 Re: Help with deal!!!!!Accord Coupe Ex-L i4 [anthony212]
Jun 25, 2013 (5:54 pm)
yes-- if i did things right-- you would be getting ripped off.
I used a lease calculator:
Selling price: 25242 (28900 - 3658)
Down Payment: 4900
Sales tax: 8.625
Lending rate-- you didn't supply this, but I used 1.9%
Car value at end of loan: $16161.6
I got $157.55/month. So how are they getting $250.01????? The only nice thing about this is the selling price of $25242. That is very good price.
#5297 of 5564 Re: Help with deal!!!!!Accord Coupe Ex-L i4 [ral2167]
Jun 25, 2013 (6:00 pm)
It was 10 mins before closing when he told me his price after we kept going back and forth. I honestly have no clue where he got the $250.01 doesn't make sense. Btw which calculator did you use?
#5299 of 5564 Re: Help with deal!!!!!Accord Coupe Ex-L i4 [ral2167]
Jun 26, 2013 (5:23 am)
I didn't do any calculations, but if the total due at signing is the $5,000, then the lease must include the Honda Finance fee, doc fees and registration so you would need to add those into the cap cost. That will get you a little closer.
It's not advisable to pay so much at inception in case the car is stolen or totalled.
#5300 of 5564 Re: Help with deal!!!!!Accord Coupe Ex-L i4 [huskerfan5]
Jun 26, 2013 (6:46 am)
I know it's not smart to put down money on the car, but he kept telling me the less money I put down the higher the price would jump, but still that quote he gave me just didn't sound right.