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Honda Accord Lease Questions

2739 messages,  Last post on Aug 28, 2008 at 12:14 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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#77 of 2739
lease Accord or Civic by jmax1
Nov 09, 2005 (2:01 pm)
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Hi car host, I am at the end of my lease 2003 Accord Ex with 14,000, my residual is 14,000 they are willing to give me 17,700 for trade to lease Civic EX Coupe at 21,463 for 36 months payment 291.00 11,962 and MF .00265. Would I be better off leasing 06 Accord EX Coupe? I don't know what the price is, Or should I use my equity to buy either? Please help, Thank you
#78 of 2739
Factory lease incentive..Can it be improved? by rabbit2
Nov 09, 2005 (4:57 pm)
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Replying to: jmax1 (Nov 09, 2005 2:01 pm)

TO car man, others...
I'm interested in the current factory lease incentive
for the 2006 Accord LX SE. Is it possible to get a local dealer to improve upon this? If so, what should I ask for?
I want to lease in the LA area. The deal is as follows:
 
2006 Accord Special Edition LX Special Featured Lease Terms
      $239 per month for 42 months. $1,999 total due at signing.
      Special lease rates available on all new 2006 Accord models. Offer =
valid through 1/03/2006 for new and unregistered 2006 Accord Special =
Edition LX Automatic Sedan Vehicles (Model CM5636EW). Only on approved =
credit by Honda Financial Services through participating dealers. Honda =
Financial Services' standard credit criteria apply. MSRP $22,825.00 =
(includes destination). Actual net capitalized cost $20,070.40. Dealer =
participation may affect actual payment. Total monthly payments =
$10,038.00. Option to purchase at lease end $12,553.75. Lessee =
responsible for maintenance, excessive wear/tear and 15 cents per mile =
over 12,000 miles per year with MSRP less than $30,000. For vehicles =
with MSRP of $30,000 or more, mileage cost is 20 cents per mile over =
12,000 miles per year. See Dealer for details. Subject to limited =
availability. Lease rates subject to change without prior notice. Not =
all buyers may qualify.
=20
#80 of 2739
Leasing 2006 EX V6 with nav by stevecar
Nov 10, 2005 (8:30 am)
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I'm looking to lease a 2006 accord sedan auto V6 w/nav. Has anyone in the NY/NJ area done so recently and what is a good price to pay?
#81 of 2739
Leased Accord SE A/T by dglozman
Nov 11, 2005 (4:21 pm)
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36 month 12k miles. Paid $1,000 upfront and my payments are $273 a month. Its includes taxes, title and registration and 1 month payment
#82 of 2739
buy out lease by jmax1
Nov 12, 2005 (12:44 pm)
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Is it ever a good deal to buy out a lease? I have been leasing 3 years 03 Accord EX with 14,000 miles. A lease company said you would be giving your car away to turn it in an either lease or buy new. My 03 is in excellant condition. Any thoughts? jjmax1
#83 of 2739
Re: buy out lease [jmax1] by sdiver68
Nov 13, 2005 (8:44 am)
Reply

Replying to: jmax1 (Nov 12, 2005 12:44 pm)

Yes, of course it can be a good deal to buy out a lease. If it is worth more than the residual, then it is always a good idea to buy it out, then resell it even if you didn't want to keep it. If you have 14,000 mile on it, and you paid for say 36,000 miles worth of depreciation, then most likely you ARE coming out ahead buying it out. Put it this way, if you went looking for an 03 Accord with 14K miles, would you expect to pay more than your buy out? Most likely, yes!
 
FWIW, some people work out a deal with the dealer to get it certified. If you are worried about warranty work (and I would not with a 3yr old Honda) then perhaps you can go this route. This is tricky, you have to make sure you do not overpay for what, in effect, becomes an extended warranty. Also, I do not know the exact terms of Honda CPO...this is more common with BMW's for instance.
#84 of 2739
Leasing 2006 EX Sedan 4 Cyl by somtam
Nov 13, 2005 (5:14 pm)
Reply
Hi Car_man
I am also interested in the factory lease incentive for 2006 EX Sedan 4 Cyl. I live in LA Area and looking at 12,000 miles/year.
 
-I went to one dealer in my neighborhood by asking for improving those 42 months deal to 36. And they accepted it with lower monthly payment around $259.99. However, the up front cost is $2,500 rather than $2,138 from manufacturer incentive.
 
-I received the internet quote from other dealer nearby at $21,513 including destination fee. How can I calculate the monthly payment from this price with 36 leasing months.
 
Comparing those two and manufacturer incentive, which one do you think is close to the real deal?
 
Thank in advance
#85 of 2739
Re: buy out lease [sdiver68] by jmax1
Nov 15, 2005 (8:42 am)
Reply

Replying to: sdiver68 (Nov 13, 2005 8:44 am)

I do plan to sell the car myself after I purchase the Accord, my problem is a lease company wants to finance the deal for me at 900 profit to them. Should I go to my own credit union and finance myself?
#86 of 2739
Re: buy out lease [jmax1] by anonymousposts
Nov 16, 2005 (7:51 am)
Reply

Replying to: jmax1 (Nov 15, 2005 8:42 am)

Without a doubt you should go to your credit union. Unless the rate charged by the leasing company is low enough to offset to $900 charged up front.

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