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
#5331 of 5565 Re: First time leaser [huskerfan5]
Jul 05, 2013 (6:36 pm)
Yeah, I will. I am doing this over email, hard to see lease agreement.
#5332 of 5565 Re: First time leaser [camokatu]
Jul 05, 2013 (7:03 pm)
You won't see the lease agreement until you are ready to sign, but there is no reason not to have the detail before hand. As long as the salesman understands you know how the lease amount is calculated (many people have no clue), he shouldn't hesitate to give you the breakdown. You seem to be well past the point where the salesman tells you all you need to care about is the lease payment itself.
#5333 of 5565 Dealing independent leasing companies
Jul 06, 2013 (3:59 am)
I've never dealt with these companies, http://www.easyleasingdeals.com/ for example, but was wondering if anyone had experience with these types. How are they different from dealers? What makes their prices cheaper?
#5334 of 5565 Re: Dealing independent leasing companies [camokatu]
Jul 06, 2013 (2:09 pm)
They may have relationships with dealers where they can buy the car for less than you can. They also may charge higher disposition fees and have tougher wear and tear standards. I did a lease with a third party leasing company in 1998 and will never do so again. Unless someone told you about their positive experience about a specific company, I would stay away.
Jul 09, 2013 (7:28 am)
Still deciding when I should lease Accord. I was waiting for new programs from Honda that started today, but looks like there aren't any programs for leasing yet. Also saw this post which seems to make sense and makes my decision even harder to make. Will higher residual value of the vehicle make up for higher price of 2014 models? How will money factor play out? Should I wait until end of July or wait for end of August/September to make my move? Lastly, are all these things that I am preoccupying myself with only makes $5-10 difference on the final lease price?
#5336 of 5565 Re: When to lease [camokatu]
Jul 09, 2013 (12:42 pm)
Re-read post 5315
#5337 of 5565 Re: When to lease [huskerfan5]
Jul 09, 2013 (1:05 pm)
Yes, that the post I was referring to. At the end of June I had the following numbers for 2013 Honda Accord Sport Manual for example from Weymouth Honda:
- residual: 59%
- MF: 0.00089
- price: $21506.05
- lease price: $265.63 (includes tax)
When I checked today it is:
- residual: 58%
- MF: 0.00075
- price: 21,490.43
- lease price: $266.69 (includes tax)
This shows how residual affects final price even though MF and sales price have decreased. So what I am worried about here is that as I move to August and September, available 2013 models especially manual will become less available (hard to negotiate price?) and 2014 models will just start showing up, making negotiations hard as well?
While the numbers above the difference is only $1 per month, but as I said with lack of cars I might have hard time getting a good deal. Thoughts?
#5338 of 5565 Re: When to lease [camokatu]
Jul 09, 2013 (1:57 pm)
The biggest factor is the money factor. No way to predict, it's the economics dept vs the marketing dept.
A point drop in the residual would be offset by about a $250 decrease in price. That's not going to kill you if you guessed wrong by a month.
Why don't you check out the board last Sep and see how residuals changed. This year's change should be less since it isn't a redesign.
#5339 of 5565 Re: When to lease [huskerfan5]
Jul 09, 2013 (2:19 pm)
OK, thank you for your help.
#5340 of 5565 Accord EX-L MF and Residual.
Jul 10, 2013 (9:17 am)
Carman can you please give me the MF and residual for Accord EX-L w/Navi and w/o Navi. Also if there is any incentives offered this month. Thanks