Last post on Dec 09, 2013 at 5:17 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Car Leasing, Coupe, Sedan
#5301 of 5565 Re: Help with deal!!!!!Accord Coupe Ex-L i4 [anthony212]
Jun 26, 2013 (9:22 am)
He's right, your payment would go up close to $150 but it's not worth the risk paying $5,000 up front. The additional interest you will be paying on the lease should be considered cheap insurance. He will make the same either way you go but he wants you to pay more upfront because he thinks, psychologically, you would be more apt to close the deal at a lower monthly payment.
#5302 of 5565 Re: Help with deal!!!!!Accord Coupe Ex-L i4 [huskerfan5]
Jun 26, 2013 (10:42 am)
Still don't understand how he came up with $250 a month, anyway I'm going to a different dealership today. And would like to get it down to $250 with little / no money down
#5303 of 5565 Re: Help with deal!!!!!Accord Coupe Ex-L i4 [anthony212]
Jun 26, 2013 (11:41 am)
anthony, you need to understand how leasing works or no one is going to take you seriously. Read this forum and the prices paid forum. Keep in mind that in NY, you will have about $1K in cap cost for Honda Finance fee, doc fees and registration. If you use the Jun money factor found in this forum with your residual and include the $1K as I mentioned, and take the best deal for an EX-L found in the Prices Paid forum, you won't come anywhere near $250 if you aren't putting anything down. Use the calculator, use a price that you are comfortable with, arrive at the monthly cost using 36 equal monthly payments (no extra money at inception). Then use that amount for your negotiations and don't let the salesman change the parameters of what to include or exclude from the lease as that will make it difficult to compare scenarios.
#5304 of 5565 Re: Residual % for Honda Accord 2013, 3 years, 45K miles in MA? [yoyolen]
Jun 26, 2013 (2:55 pm)
Hi yoyolen. Honda Finance's June buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord LX 4-cylinder (they vary by trim level) with 15,000 miles per year are .00089 and 58% for consumers who qualify for its "Super Preferred" credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#5305 of 5565 Re: Manufacturer Lease Specials Good Deal? [akire]
Jun 27, 2013 (7:16 am)
I have the same EXACT question for the group. I'm looking at a 2013 Honda Accord and possibly the Acura TSX, but wasn't sure how much wiggle room there is with the manufacturer lease offers.
I'm comfortable with the terms, but was wondering if there was more room to negotiate. I'm sure they are basing their numbers on MSRP, not invoice.
#5306 of 5565 Re: Manufacturer Lease Specials Good Deal? [pjny77]
Jun 27, 2013 (8:55 am)
It is extremely rare when a manufacturer lease offer is the best deal you can make. They generally build in plenty of profit for the dealer. You negotiate the lease cost by negotiating the price the leasing company will pay for the car and applying it to the lease formula that includes money factor, residual, etc. The price should the same as if you are purchasing the car yourself. After all, the dealer should make the same profit whether he sells the car to you or to Honda Finance. When you see the manufacturer's offer, they have come up with a price that essentially no dealer would turn down. You can certainly negotiate a better price.
#5307 of 5565 early lease buyout?
Jun 27, 2013 (10:02 am)
My dealer contacted us for an early lease buy out (ends May 2014). Currently we pay $365.62/month for accord EX-L V6 with Navi. Put zero down. I have the June money factor and residual value (.00089 and 58%) plus there's the possibility of $500 flex cash. Any idea if July would have better numbers, and if the flex cash would be available?
#5308 of 5565 2013 Accord EX
Jun 27, 2013 (4:17 pm)
Is this a good deal please?
2013 Honda Accord EX Sedan
Selling Price 22605
American Honda Finance 790
Cash Difference 23395
W.T.& L.A 6.5
Electronic Fee 89.95
Dealer Fees 699
Total Taxable Amt 24190.45
Lemon Law 2
Dade Cty Tax 50
Sales Tax 1,451.43
Tag Fee tbd
$315.00 tax in per month.
12 miles per year
*$0.00 due at signing*.
residual for the 2013 Accord EX is 60. Money f actor is :0.00089
#5309 of 5565 Re: 2013 Accord EX [lavjr]
Jun 27, 2013 (5:04 pm)
I'll let others talk about price but they bumped up the $595 Honda Finance Fee.
#5310 of 5565 Honda Accord LX Lease
Jun 27, 2013 (6:35 pm)
I just took in my 10 year old toyota sienna mini-van, which has about 185,000 miles on it in to see how much I could get for a trade in on a 2013 Accord LX Sedan. The lease offer was $210 a month with a $500 down payment. My trade in was valued at $2300 which was taken off of the monthly payment as well as the down payment. I believe it was originally a $2,000 down payment with no trade in so $1,500 was taken off of that. Is this a good deal and is it true that dealerships offer better prices as the month comes to an end in order to get sales numbers up? Any comments or weigh in here would be great. Thanks!