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Honda Accord Lease Questions

3630 messages,  Last post on Dec 06, 2009 at 9:12 PM

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

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#3596 of 3630 Re: 2010 Accord LX lease [dustinhoffman] by pantru Nov 09, 2009 (2:05 pm)
Replying to: dustinhoffman (Nov 07, 2009 1:59 pm) Glad to know it is a good deal. It was in Massachusettes from a Honda dealer in Reading. I am already enjoying my car since 1 week
#3597 of 3630 Re: 2010 Accord EX-L V-6 Lease Rates [freezedog] by thinkingtl Nov 09, 2009 (2:56 pm)
Replying to: freezedog (Nov 06, 2009 9:53 am) sorry don't have the info, but i am looking to lease the same model. where are you located and do you have any quotes?
#3598 of 3630 Re: 2010 Accord EX-L V-6 Lease Rates [freezedog] by Car_man HOST Nov 10, 2009 (3:38 am)
Replying to: freezedog (Nov 06, 2009 9:53 am) Hi freezedog. Here's the information that you're looking for. Honda Finance's November buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord EX-L V6 Sedan without navigation with 15,000 miles per year are .00133 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.   You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3599 of 3630 Re: 2009 Lease Rates [quantifire] by Car_man HOST Nov 10, 2009 (3:42 am)
Replying to: quantifire (Nov 06, 2009 11:19 am) Hi quantifire. While Honda is not providing lease support on the 2009 Accord any longer it does have a standard program on it. Honda Finance's November buy rate lease money factor and residual value for a 24 month lease of a 2009 Accord Sedan EX-L 4-cylinder with 15,000 miles per year are .00270 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.   The numbers for an otherwise identical 36 month lease are .00270 and 50%.   If you were to lease with only 12,000 miles per year, this car's 24 month program would be 1% higher and its 36 month program would be 2% higher.   In lieu of lease support, Honda is providing $1,500 dealer cash on this car that may be used in conjunction with its standard lease program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3600 of 3630 Re: 2010 Accord LX Deal [hondashpr] by Car_man HOST Nov 10, 2009 (3:46 am)
Replying to: hondashpr (Nov 07, 2009 2:23 pm) Hi hondashpr. I;m glad that you like this forum so much, The .00133 money factor that you were quoted is right in line with Honda Finance's current buy rate for this car, so that's a good sign.   Let's take a look at the other important variable on a lease...the selling price. The dealer invoice price for a base 2010 Accord LX is $20,533. The price that you were quoted is significantly below that, so it appears to be an excellent deal.   If you like the car, I personally don't see any reason not to go for it, though I would have the dealer use the money from my trade to pay whatever was due at signing and cut me a check for anything that was leftover.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3601 of 3630 Re: 2010 Accord LX-P [d_079] by accordlxp2010 Nov 10, 2009 (10:27 am)
Replying to: d_079 (Nov 08, 2009 7:43 am) I leased one last week: Accord 2010 LX-P 12,000 miles, 36 months, $3150 down (including first month payment and other fees) with $240/month. I do not know whether it is a best deal or not but I was in rush so, I hope if not best/good then at least not bad deal.
#3602 of 3630 2010 Accord EX Sedan or Coupe Lease Quote by nikomatto Nov 10, 2009 (8:51 pm)
Hi guys,   It's my first time to consider leasing. A leasing company is offering 36 mo and 12,000mi/yr the following pricing   Banker fee: 545 DMV fee: 350 Monthly: 282 Down: 0   Total applying NJ tax on Fees and Monthly: $11,127 Total out of pocket/month including tax: $309   Can someone please let me know if this is a good deal or not? I wish I can lease 2009 models to save the cost, but the chances look very slim.   I would love to get 2010 or 2009 EX Coupe as they come with the premium sound package. Yet leasing options seemed very high on 2010s, and 2009s were not available.   Would you guys please recommend any good dealer offering very low buy or lease? I was offered 21,500 before tax on 2009 EX coupe.   Thanks again for your help! Replies to this message: Car_man (Nov 11, 2009 2:58 am)
#3603 of 3630 Re: 2009 Lease Rates [gator00si] by Car_man HOST Nov 11, 2009 (2:42 am)
Replying to: gator00si (Nov 08, 2009 4:09 pm) Hi gator00si. Honda is still providing $1,500 dealer cash on 2009 4-cylinder Accords and $750 on V6 models, However it is not providing lease support on '09s any longer. I haven't run the numbers, but I wouldn't be surprised if the lease support on the 2010 model made it cheaper to lease one of them than an '09 at this point. Here's the numbers for both.   Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord Coupe EX-L 4-cylinder without navigation with 15,000 miles per year are .00270 and 48%, respectively for consumers who qualify for its "Super Preferred" credit tier. The numbers for an otherwise identical V6 model are .00270 and 47%.   The numbers for an otherwise identical lease of a 2010 Accord Coupe EX-L 4-cylinder without navigation are .00133 and 55%. The numbers for a '10 V6 are .00133 and 53%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3604 of 3630 Re: 2009 Lease Rates [mstein_88] by Car_man HOST Nov 11, 2009 (2:49 am)
Replying to: mstein_88 (Nov 09, 2009 7:55 am) Welcome mstein_88. I always advise consumers to find out what selling price any lease that they are quoted are based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Knowing this car's selling price would make it much easier to see if there was any meat leaft on the bone on this deal so to speak.   Also, $3,000 sounds like a lot of money to pay at lease signing. It is in your best interest to put as little money down as possible when leasing. Consumers who pay a lot of money at lease signing risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. Typically, all one has to pay at signing is their vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment (but I believe that this charge is being waived on '10 Accord leases right now), Honda Finance's $595 acquisition fee, and any required state taxes or fees. Don't pay anything more than that, such as a capitalized cost reduction.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3605 of 3630 Re: 2010 Accord EX Sedan or Coupe Lease Quote [nikomatto] by Car_man HOST Nov 11, 2009 (2:58 am)
Replying to: nikomatto (Nov 10, 2009 8:51 pm) Hi nikomatto. I personally am always hesitant to go with independent leasing companies that act almost as brokers on leases. It is usually much cheaper and safer to go with a lease through Honda Finance. You will likely be able to negotiate as good a deal or even a better one by comparison shopping with a few dealers for a Honda Finance lease.   Let's work up a sample Honda Finance lease on the car that you are interested in and see how much it would cost. According to my calculations, if you were to lease a 2010 Honda Accord Coupe EX 4-cylinder that has an MSRP of $25,390 and a selling price of $23,586 ($500 over invoice) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $290.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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