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Honda Accord Lease Questions

3629 messages,  Last post on Dec 04, 2009 at 9:38 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Honda Accord, Car Leasing, Coupe, Sedan

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#61 of 3629 Re: tax on a lease calculation [mdaccord] by kyfdx HOST Nov 04, 2005 (6:44 am)
Replying to: mdaccord (Nov 04, 2005 6:42 am) The sales tax on leases varies from state to state.. I've heard that MD does tax the entire price of the car, but you should check with your local DMV...   If your dealer isn't calculating it correctly (which is doubtful), then Honda Finance will kick the paperwork back to him..   regards, kyfdx Host-Prices Paid Forums
#62 of 3629 Re: lease payment [nvnick] by mdaccord Nov 04, 2005 (6:50 am)
Replying to: nvnick (Nov 02, 2005 10:47 am) thank you for you response, nvnick. I actually have some more numbers that confuse me though. my dealer has offered a selling price of 19799 (500 over invoice) and tells me the MF is .00184 and the residual is 55% (11756 on an MSRP of 21375). rolling the aquisition fee of 595 into the lease and paying the other fees up front, he gives me a monthly rate of like 295 fo 12k/42 months. I can't figure out why this is so much higher than the 254 you calculated. does it have to do with sales tax (5% in Maryland)? I am thinking this is rolled the sales tax into my monthly payment as well but am not sure.
#63 of 3629 Purchase at the end of the lease by jjcohen Nov 05, 2005 (10:14 am)
I am nearing the end of a lease on a 2003 Accord. I'm thinking of purchasing the vehicle outright. I've gotten the buyout amount from AHFC. It seems to be a reasonable price, compared to a comparable used model. Do you think there is any room for negotiation?   Also, I'm considering purchasing an extended warranty for the car. Warranty Direct offers a 100,000 mile/5 year plan for about $1,100.00. Do you think it's a wise purchase? Replies to this message: anonymousposts (Nov 06, 2005 12:59 pm) jjcohen (Nov 06, 2005 8:15 pm)
#64 of 3629 Re: Purchase at the end of the lease [jjcohen] by anonymousposts Nov 06, 2005 (12:59 pm)
Replying to: jjcohen (Nov 05, 2005 10:14 am) Typically American Honda Finance does not negotiate at the end of the lease. It's residual + tax depending on the state you live in.   The extended service agreement depends on personal preferences]. How many miles are on the car now? And is it 5 years from the original date of sale or the date you purchase the agreement? Replies to this message: jjcohen (Nov 06, 2005 8:15 pm)
#65 of 3629 by nvnick Nov 06, 2005 (7:25 pm)
Accord LX w sales price of $19,799...42mo/12k MF .00184 & 55% res, I calculate $265 month before tax. Found these November lease rates on Roadfly.com:   2006 Honda Accord 4dr Sedan EX   24 mo/15k mi - 66% residual – Money Factor .00192 Base Rate 36 mo/15k mi - 57% residual – Money Factor .00192 Base Rate 48 mo/15k mi - 47% residual – Money Factor .00235 Base Rate 60 mo/15k mi - 35% residual – Money Factor .00430 Base Rate   24 mo/12k mi - 67% residual – Money Factor .00192 Base Rate 36 mo/12k mi - 59% residual – Money Factor .00192 Base Rate 48 mo/12k mi - 49% residual – Money Factor .00235 Base Rate   2006 Honda Accord 4dr Sedan EX-L   24 mo/15k mi - 67% residual – Money Factor .00192 Base Rate 36 mo/15k mi - 57% residual – Money Factor .00192 Base Rate 48 mo/15k mi - 47% residual – Money Factor .00245 Base Rate 60 mo/15k mi - 36% residual – Money Factor .00440 Base Rate   24 mo/12k mi - 68% residual – Money Factor .00192 Base Rate 36 mo/12k mi - 59% residual – Money Factor .00192 Base Rate 48 mo/12k mi - 49% residual – Money Factor .00245 Base Rate   2006 Honda Accord 4dr Sedan EX-L (V6)   24 mo/15k mi - 67% residual – Money Factor .00192 Base Rate 36 mo/15k mi - 57% residual – Money Factor .00192 Base Rate 48 mo/15k mi - 47% residual – Money Factor .00245 Base Rate 60 mo/15k mi - 36% residual – Money Factor .00440 Base Rate   24 mo/12k mi - 68% residual – Money Factor .00192 Base Rate 36 mo/12k mi - 59% residual – Money Factor .00192 Base Rate 48 mo/12k mi - 49% residual – Money Factor .00245 Base Rate
#66 of 3629 Re: Purchase at the end of the lease [anonymousposts] by jjcohen Nov 06, 2005 (8:15 pm)
Replying to: anonymousposts (Nov 06, 2005 12:59 pm) Yes. I suspected that. The leas-end process seems to be conducted very much at an arm's length... Thank you.   The car has about 33,500 miles on it. And the service agreement is 5 years from the time the warranty is purchased, or 100,000 miles, whichever comes first.   Do you think, in general, that if something is going to break on a car, it will probably do so within the first 3 years or so? That's pretty close to the premise I would go on for most appliances.
#67 of 3629 Re: Get out of 2004 Accord Lease [emma4] by Car_man HOST Nov 07, 2005 (4:10 am)
Replying to: emma4 (Oct 30, 2005 12:49 pm) You're very welcome emma4. There are a couple of web sites out there that are designed to hook up consumers who want to get out of their leases and consumers who are looking to assume an existing lease. I never mentioned this option to you because I do not believe that Honda Finance allows lease assumptions. A number of banks do not allow this sort of transaction.   Car_man Host Smart Shopper / Prices Paid Forums
#68 of 3629 Re: Upside Down and Leasing [accordlease] by Car_man HOST Nov 07, 2005 (4:13 am)
Replying to: accordlease (Oct 30, 2005 6:55 pm) Hi accordlease. Consumers are often able to purchase Honda Accords for fairly close to dealer invoice, perhaps a few hundred dollars over. For more specific feedback on how much you should pay for this car, you may want to stop by the following discussion: "Honda Accord: Prices Paid & Buying Experience". It contains over 10,000 posts on this subject . Once you know approximately what the selling price for this car is, let me know, along with how long you want to lease it for and how many miles per year you need to be able to drive it and I will be happy to estimate what its lease payment should be for you.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: accordlease (Nov 07, 2005 4:41 pm) Car_man (Nov 08, 2005 3:04 am) oldjoe (Nov 16, 2005 10:05 am) and 2 more...
#69 of 3629 Re: lease payment [mdaccord] by Car_man HOST Nov 07, 2005 (4:19 am)
Replying to: mdaccord (Nov 02, 2005 6:41 am) Hello mdaccord. In order to figure out what your lease payment should be like on this car, you need to know its selling price. I suspect that you will be able to get a 2006 Accord right now for a couple hundred dollars over dealer invoice if there is a decent level of competition in your area. You can look up the exact dealer invoice price of the car that you are interested in by looking in the following section of this site: Edmunds.com - New Vehicle Pricing. Once you have this figure, let me know along with how long you want to lease for and how many miles per year you need to be able to drive and I will be happy to estimate what your lease payment should be for you. I don't believe that Honda Finance will waive its lease acquisition fee for returning customers, but you should be able to get your vehicle's security deposit waived for free, i.e. without an increase in its money factor.   Car_man Host Smart Shopper / Prices Paid Forums
#70 of 3629 Re: Upside Down and Leasing [Car_man] by accordlease Nov 07, 2005 (4:41 pm)
Replying to: Car_man (Nov 07, 2005 4:13 am) Car_Man,   I believe the best price is 20,600 with the rear wing added. I plan to lease the car for 42 mths/ 12000 miles, 9.75% tax. Please keep in mind I am 3,000 upside down in curent vehicle. How much do you think my payments should be? Thanks so much! Replies to this message: Car_man (Nov 08, 2005 3:04 am) oldjoe (Nov 16, 2005 10:05 am) meuseman (Nov 16, 2005 10:53 am) and 1 more...

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