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2013 and earlier-Honda Accord Lease Questions

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  • I'd be happy to cobm428. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Sedan SE with 12,000 miles per year are .00050 and 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your deal on this car, make sure to take advantage of the $500 dealer cash that is currently available on it.

    Car_man
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  • Here's the information that you're looking for, doctom2. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2011 Accord Sedan EX 4-cylinder with 12,000 miles per year are .00050 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your deal on this car, make sure to take advantage of the $1,000 dealer cash that is currently available on it.

    Car_man
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  • Thanks Car_man

    Here is the deal they offers me

    MSRP $24700
    Sale price $21725
    Side moldings $250
    Title and Plate transfer $125
    bank lease fee $595
    Residual value 60% 14820
    Down payment $305
    MF 0.00050
    Sale tax 6%

    Monthly Payments 230 + tax 13.82

    Total payment$244.12

    What do you think is this a good deal?
  • Car-man,

    Thank you for your great information, I honestly have no clue what I would have done without it.

    What is the money factor and residual for the month of October for a 2012 Accord E-XL. I believe I have an excellent credit rating. What would my target monthly lease be?

    I am returning my 2009 Honda Accord EX-L, also on a lease, and aiming for a 2012 Accord E-XL.

    Thanks again!
  • smarsmar Posts: 2
    Is $0 down, $299 per month lease a good deal for 2012 Honda Accord EX-L (12K , 36K, 3 year lease)
  • Hi cobm428. The dealer invoice price of this car is $22,469. If you subtract the $500 dealer cash that is available on this car from that it drops to $21,969. The selling price that you were quoted is even lower than that, so you're getting a very good deal.

    The money factor that you were quoted looks good, too.

    If you like this car, I personally don't see any reason not to go for this deal.

    Car_man
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  • You're very welcome charles.

    Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Sedan EX-L 4-cylinder with 15,000 miles per year are .00050 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Assuming an MSRP of $28,325 and a selling price of $25,745 ($500 over invoice once the available $500 dealer cash is taken into account), I estimate that this car would have a 36-month, 15,000 mile per year, zero down, pre-tax monthly payment of around $296.

    Car_man
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  • Hi smar. That would be a decent pre-tax payment for a lease of this car with 15,000 miles per year. Since you're only going with 12,000, I'd shoot for a pre-tax payment of more like $280. Of course, if sales tax or any other fees are included in the payment that you mentioned then it may be a better deal than I originally thought.

    Car_man
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  • smarsmar Posts: 2
    Hi Car_man. Thanks for your response. $299 per mo. includes tax
  • Car-man,

    Can you please tell me the current MF and residual for a 2012 Accord Sedan EX-L V6 with 15k miles/yr for 36 months?

    I saw that you recently posted the October 2011 MF and residual (0.00050 & 56%) for an EX-L I4 with the same terms as above, but my logic tells me that a V6 would depreciate differently than an I4. I'm new to leasing, though, so what do I know!

    Thanks so much!
  • No problem smar.

    Car_man
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  • You're right, docholladay, the residual value for the V6 is slightly different than it is for the 4-cylinder. Honda Finance's October base lease rate and residual value for a 36-month lease of a 2012 Accord Sedan EX-L V6 with 15,000 miles per year are .00050 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your lease on this car, make sure to take advantage of the $500 cash incentive that is currently available on it.

    Car_man
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  • Hey car man. Quick question. I want to lease a 2012 accord exl-v6 with navigation. If I have a excellent credit score what should be the vicinity of my monthly payment with 0 down and 12k a year. Any help is appreciated.
  • I think I got a good deal. Pre tax 0 Down Lease payment of $189 per month 12K mi year. Accord LX Auto.
  • Car Man can you please provide the November 2012 Accord SE numbers for a 12k/yr, 36 month lease.
  • This sounds like a very good price. Can you provide more info on your deal. Like what was the MSRP and selling price also Money factor and residual?Which dealership gave you this deal?
  • stone23stone23 Posts: 7
    edited November 2011
    Hey everyone,

    I wanted to get some feedback from the group. I got a quote yesterday on a 2012 Accord EX-LV6 fully loaded without Nav from a NJ dealer. Getting 15,000 miles on a 3 year lease. MSRP $30,400 selling the car for $27,925. Residual is $16,416. He said the money factor was .00050. Was quoted $385/mo included tax, title, etc...I just have to come up with 1st months payment. Is this a good deal?
    Thanks
  • Here you go dmbmay98. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Sedan SE with 12,000 miles per year are .00050 and 59%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • Hi stone23. The dealer invoice price for the car that you are interested in is $27,620. Honda has $500 dealer cash on this car, so that would drop the invoice price to $27,120. That puts you at around $800 over invoice, which isn't bad. If you are in an area that has a decent level of competition, I wouldn't be surprised if you were able to beat this deal by a couple hundred dollars but this isn't a bad deal.

    Car_man
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  • carlover52carlover52 Posts: 4
    edited November 2011
    Hello,
    Can you tell me the November 2011, MF and RV for
    1) 2011 Accord Coupe EX-L with Nav
    2) 2011 Accord Coupe V6 EX-L with Nav
    Thanks a lot
  • Hello carman,
    Can you tell me the November 2011, MF and RV for
    1) 2011 Accord Coupe EX-L with Nav
    2) 2011 Accord Coupe V6 EX-L with Nav
    Thanks a lot
  • Car_Man,

    Is credit score very more important in leasing? My dealer gave me a good purchasing price for 2012 SE. But my scored dropped almost 50 points after checked by a few dealers. Now they gave me interest rate of 5-8%. I am thinking to do leasing instead. Would that solve my low score problem?

    Yayar
  • I'd be happy to help you out, carlover52. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2011 Accord Coupe 4-cylinder EX-L with Navigation and 15,000 miles per year are .00185 and 46%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of the V6 version of this car are .00185 and 47%.

    When negotiating your deal, make sure to take advantage of the $1,000 dealer cash incentive that is available on 4-cylinder and $1,500 on V6 variants of this car.

    To be honest with you, if you really want to lease you may be better off going with a 2012 Accord.

    Car_man
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  • I certainly can carlover52. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2011 Accord Coupe EX-L 4-cylinder with Navigation and 15,000 miles per year are .00185 and 46%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of an '11 Accord Coupe EX-L V6 with Nav are .00185 and 45%.

    There's $1,000 dealer cash on the 4-cylinder and $1,500 on the V6 model.

    Car_man
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  • Hi Yayar. Your credit score will definitely have an impact upon the money factor that you are charged when leasing.

    Car_man
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  • gigligigli Posts: 1
    Hi Car_man

    I am in the same situation in NYC. I am turning in my 2009 Accord lease and looking to pick up a 2012 EX-L 4 cylinder with 15k miles.

    Has the MF and residual changed for November? Is the ideal, pre-tax payment still around $296?

    Also, I am bringing my 2009 Accord in at about 9k under mileage. Does this benefit me in any way?

    Thanks in advance!
  • tex18tex18 Posts: 82
    9k under mileage only helps you if you sell the vehicle to the dealership, you should get a nice quote for it.
  • Hi gigli. I believe that the Accord's lease program is a little different in November. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Sedan EX-L 4-cylinder with 15,000 miles per year are .00050 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    It wouldn't hurt to see if the dealer would be willing to give you for your off-lease Accord if it is in good condition and under mileage. I personally know someone who was returning a leased Accord and not even getting a new Honda who was able to get the dealer to give them some money for returning their vehicle at that dealership.

    Car_man
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  • i just leased an accord lx sedan from ourisman honda in bethesda. i put 2,050 down and pay 294 per month for the next 35 months (lease is 36months, 12k miles/yr). residual is $13.5k

    Those numbers includes all taxes, tags, title, lease processing. it also includes 700 of dealer add on such as door guard, splash guard and 200 for the warranty program (realign tires, roadside assistance)
  • Not to bust your bubble, but looks like you got taken on this deal.

    I've been offered $220 a month (including tax) with only 1st month and DMV out of pocket (about $400-$450 total out of pocket). This was on a Base 2012 Accord LX Auto for 36 months, 12K per year. I turned it down and am still looking. I'm in NY with a 8.37% tax rate.

    Looking to be around $200 a month (tax incl) with only 1st payment down (only $200 total out of pocket). Waiting till next month when the end of the year comes and dealers are pushing out cars. Some of the deals I see on here are outrageous....too much !!
This discussion has been closed.