Last post on Dec 05, 2013 at 9:33 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Car Leasing, Coupe, Sedan
#5467 of 5554 Re: New York Tax [delta737h]
Aug 24, 2013 (2:06 pm)
Wow - what a small world - grew up about a mile from that Erie airport. And yes, my wife, kids and I are all big Steelers, Pirates, and Penguins fans. After 20 years of losing seasons, Pirates might even make the playoffs this year.
I do have a brother and brother in law who are Browns fans though.
#5468 of 5554 Re: New York Tax [delta737h]
Aug 24, 2013 (2:38 pm)
Sad but very true. Players back in the day played for there team and the love of the game. Money was not even a factor. Honor, respect, team, family. Today anything goes.
Could one of you guys answer a poster in the accord prices forum about leasing.................. tks.
#5469 of 5554 2013 accord leasing
Sep 03, 2013 (8:19 am)
I would greatly appreciate if someone has current money factor and residuals for both the 2013 Ex-L and Ex-L V6 Accord.
#5470 of 5554 Good lease?
Sep 03, 2013 (8:43 am)
I am looking to lease for the first time and am not sure if I am being quoted fair prices. I have read many posts on here but can't tell exactly which are comparable to mine. I am looking at an Accord EX 2013 in northern ohio. I didn't get told all the numbers I am learning about on here but got a quote for $275 a month, 12k a year, 36 month with zero down other than first and fees and includes gap insurance. Is this good? Thanks so much! I know there are many more numbers that factor into this and I am calling dealers back now to get more info and will post it when I get it.
#5471 of 5554 Accord 2013 lease
Sep 03, 2013 (9:33 am)
Hey I've been looking here for some time, and was wondering if someone wouldn't mind taking the time to breakdown a lease for me. My wife's lease is ending at the end of this month and would like to get ourselves a good deal to save some money, but don't know if it's possible.
We currently lease a honda accord for her...I own my car. She enjoys switching it up every few years so that's why she wants to lease again. Currently we are paying 257.xx for a 2010 lx-automatic, we leased it back in October of 2010 with 0 due at signing. And would like to keep our payments at or below our current. We live in Florida, don't know if that info is pertinent. She is also graduating in December so I think she would qualify for the Graduate program as well. Please let us know if this is possible( with deatils if you can). Or a comparable car. We would really prefer not to have to come out of pocket( 0 due at signing) but if we have to we can. My credit score is high....so you can quote us on the best possible price. Thanks in advance, Peter
#5472 of 5554 Re: 2013 accord leasing [bbcire]
by kyfdx@Edmunds HOST
Sep 03, 2013 (2:28 pm)
I'm sorry.. we don't have the current Honda lease numbers..
#5473 of 5554 Re: Accord 2013 lease [realtrade]
Sep 03, 2013 (8:07 pm)
Recommend you email the Internet Sales Departments of as many dealers in your shopping area as possible. State your criteria and request their best quotes. This will get the negotiation process going and you will be able to determine which dealers want to compete for your business. If, as you say, you have a high credit score, you should be able to qualify for Honda Finance's best lease factor - I think is currently around .00065. Have you had your current Honda appraised - it might have some equity depending on condition/miles.
#5474 of 5554 Re: Accord 2013 lease [gmanusmc]
Sep 06, 2013 (2:47 pm)
I tried doing that....this is what I have so far....they are saying money factor is 0.00075 and a residual off the msrp of 23,XXX (dont remember) at 57%.
they have quoted me on a 2013 honda lx cvt....at 21250 - 1000 (which is honda incentive and graduate program incentive).
Two options the are giving me is 285 + tax=304.95(which is only 5.00 less than honda current offer of 290+tax=310.30 and 0 due at signing ) 35 months (first month free...same as current honda offer) ....
or 265 + tax= 283.55, but 600 due at signing for tag transfer and first month.. ..then 35 monthly payments....or 600+9924.25/36= 292.34 over 36 months
I would really like to be at 275-277 for 36 months(35 preferably) which is 20.00 more than I'm paying now (257.XX)....but 305 is just to much...its 40 a month, 480 a year, and 1440 over the 3 years...
any ideas to get me closer to my price....I've dealt with this same dealership before for the first deal....
#5475 of 5554 Re: Accord 2013 lease [realtrade]
Sep 06, 2013 (9:40 pm)
It doesn't appear they are quoting you a very good price. You should be able to easily get $1000 below invoice plus your stated incentives of 1000 for a total of $2000 below invoice. So your adjusted cap cost should be approx 20,395 (19,500 selling price + 595 lease initiation + 300 DMV fee) The DMV fee is the only one you cited - other additional fees will affect the calculation - it's difficult to provide you an accurate accounting without complete info. Subtracting a residual of approx 13,264 from 20,395 leaves 7131 depreciation divided by 36 = 198 per month. Multiplying 33,659 (13,264 + 20,395) by lease money factor of .00075 results in monthly lease cost of 25.24. Looks like your tax rate is around 7% so if you are in a state that only taxes your monthly payment, the monthly tax is around 15.61. Your monthly lease payment should be around 239 per month with only the first payment due at signing. I made some assumptions here, so actual selling price, missing fee info, and your location's tax policy will affect these numbers.
If huskerfan is around, he'll probably weigh in.
#5476 of 5554 Re: Accord 2013 lease [gmanusmc]
Sep 07, 2013 (4:18 pm)
I'm sorry for not posting more detailed #s....
what else can I provide you to get a more accurate quote.....and how do I negotiate down to 1000 below invoice...they don't seem to want to budge.....
he finally came back to me today, and said 280.00 including tax but I owe first month...so 36 monthly payments
I hope huskerfan can weigh in to....and thanks so much for taking the time to help me out with this