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Honda Accord Lease Questions

2742 messages,  Last post on Aug 29, 2008 at 9:05 AM

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

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#85 of 2742 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 2742 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 2742 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 2742 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 2742 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 2742 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 2742 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)
#92 of 2742 Good lease payment? by wayde Nov 18, 2005 (8:44 am)
HI CarMan - Don't have the selling price, but was quoted the following on an 2006 EX-V6 non-navi. Can you tell me if this looks good?   3years/ 36,000 miles Monthly payment -- $388.10 Down payment --- $388.10   Thanks!   MSRP is 27850 Selling price - not sure, just got this quote. Replies to this message: dglozman (Nov 18, 2005 8:58 am) wayde (Nov 19, 2005 2:28 pm) Car_man (Nov 23, 2005 5:23 am) sdiver68 (Nov 20, 2005 6:55 pm) Car_man (Nov 23, 2005 5:21 am)
#93 of 2742 Re: Good lease payment? [wayde] by dglozman Nov 18, 2005 (8:58 am)
Replying to: wayde (Nov 18, 2005 8:44 am) Does this quote includes taxes and fees? I know that Honda Finance charge $595 and doc fee somewhere $100. When you get a quote, make sure it is "OTD" price that includes everything you pay (regardless if it is goes to dealership or the government) Replies to this message: wayde (Nov 19, 2005 2:28 pm) Car_man (Nov 23, 2005 5:23 am)
#94 of 2742 Re: Good lease payment? [dglozman] by wayde Nov 19, 2005 (2:28 pm)
Replying to: dglozman (Nov 18, 2005 8:58 am) CarMan - The money factor is .00202 -- is that correct based on your AHFC leasing info? Yes, the 388.10 includes taxes. thanks Replies to this message: Car_man (Nov 23, 2005 5:23 am)

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