You are here: Forums Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions

Honda Accord Lease Questions

2784 messages,  Last post on Oct 07, 2008 at 8:05 AM

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

Messages Page 10 of 280 1 ... 7 8 9 10 11 12 13 ... 280 Prev Next Last

Go To Msg # Search This Discussion

#82 of 2784 buy out lease by jmax1 Nov 12, 2005 (12:44 pm)
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 Replies to this message: sdiver68 (Nov 13, 2005 8:44 am) jmax1 (Nov 15, 2005 8:42 am) anonymousposts (Nov 16, 2005 7:51 am)
#83 of 2784 Re: buy out lease [jmax1] by sdiver68 Nov 13, 2005 (8:44 am)
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. Replies to this message: jmax1 (Nov 15, 2005 8:42 am) anonymousposts (Nov 16, 2005 7:51 am)
#84 of 2784 Leasing 2006 EX Sedan 4 Cyl by somtam Nov 13, 2005 (5:14 pm)
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 Replies to this message: Car_man (Nov 23, 2005 5:13 am)
#85 of 2784 Re: buy out lease [sdiver68] by jmax1 Nov 15, 2005 (8:42 am)
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? Replies to this message: anonymousposts (Nov 16, 2005 7:51 am)
#86 of 2784 Re: buy out lease [jmax1] by anonymousposts Nov 16, 2005 (7:51 am)
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.
#87 of 2784 New low $200 leases on Hondas by oldjoe Nov 16, 2005 (10:59 am)
Local newspaper ads here in Eastern Iowa have the Honda Ridgeline with A/T for lease at $219 and $2,900 down. Honda Pilot w A/T for lease at $239, about the same amount down. Residual value of the Hondas just can't be beat.
#88 of 2784 Re: Upside Down and Leasing [Car_man] by oldjoe Nov 16, 2005 (11:05 am)
Replying to: Car_man (Nov 08, 2005 4:04 am) Your numbers are wrong. You should be able to getan Accord LX for about 2229 or less. Ridgelines are leasing for $219 and Pilots for $239...so check your local dealer for the real numbers they are offering at any given time. The well-sold leasing programs, available on the internet for less than $100 will teach you all that you want to know about all the new terms you may see. Make your best deal first and then decide whether to buy or lease. Replies to this message: meuseman (Nov 16, 2005 11:53 am) oldjoe (Nov 17, 2005 12:07 pm)
#89 of 2784 Re: Upside Down and Leasing [oldjoe] by meuseman Nov 16, 2005 (11:53 am)
Replying to: oldjoe (Nov 16, 2005 11:05 am) Car_Man's number are correct. The numbers that you are quoting, as I see from the post just above, are with $2,900 down. Car_Man's number are with no money down. Actually, the number that he quoted in the post you replied to are for rolling negative equity into the lease, meaning the car that the poster was trading in was worth less than what he owed. Therefore, when Car_Man said that rolling $1000 into the lease bumps the payment up to $X, that is because the buyer is having the lease pay the extra $1,000 he owed on the trade-in.   As far as the leases that you mention, I'm sure a quick search will reveal numerous reasons as to why money down on a lease is not a good idea. Replies to this message: oldjoe (Nov 17, 2005 12:07 pm)
#90 of 2784 Re: Upside Down and Leasing [meuseman] by oldjoe Nov 17, 2005 (12:07 pm)
Replying to: meuseman (Nov 16, 2005 11:53 am) Sorry, I did not realize that it was a "poor risk" deal he was trying to get into.
#91 of 2784 Leasing 2006 Accord EX V6 6sp w/NAV & accessories by erlkoenig Nov 17, 2005 (2:54 pm)
Hi Car Man, I need advice on negotiating lease on 2006 Accord EX V6 6sp w/NAV, fog lights and auto mirror. The best offer so far from a local dealer is $28,281 plus tax, registration and fees. I want to get a 42 month/15k annual miles and I'd like to keep my lease payments to about $400 a month. I've been pre-approved for a lease by American Honda, and I'm prepared to put about $2500 down. Are my expectations reasonable? Should I be trying for a lower price for the auto? I realize that right now I'll have to order this car. I can drop the lights and mirror now and add them later, to keep the payments within my requirements. Thanks for your advice and help. Replies to this message: Car_man (Nov 23, 2005 5:19 am)

Messages Page 10 of 280 1 ... 7 8 9 10 11 12 13 ... 280 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions