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2013 and earlier-Honda Accord Lease Questions

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  • I am interested in leasing a 2012 Accord Coupe LX-S Manual transmission (MSRP $23,750). The dealership has offered me a deal of $750 down and $260/mo, including taxes, for 36 months/12K mi per year. Is this a good deal? We got them down a lot from their original outrageous offer (2K down and $409/mo. HA!) Any feedback would be appreciated. Thank you!
  • Thanks, Car Man, but I should have specified...I am thinking about the V6. Same answer?
  • Just leased my wife a 2012 Accord Sedan LX (Base) 36 months / 12K per year.

    $1750 total out of pocket which included the following

    $595 Bank Fee
    $490 New York State Taxes (8.375%) Paid all taxes up front
    $250 DMV (NY State Registration and Plates)
    $250 Doc Fee (BS Fee added on by dealer)
    $159 1st month Payment

    35 remaining payments of $159 (this is the payment that comes in the statement)

    Basically, if I were going to do a sign and drive, it would be $204 with zilch outta pocket, (DMV, BANK FEE, TAXES rolled in).

    Beware of adverstisements in Newspapers that claim $99 or $129 a month, they're all BS.
    This is the best deal in the NY/NJ/PA area. Trust me, I shopped around !
  • hey mind telling us which Honda dealer in MA? thanks!
  • Car_Man - looking to lease a 2012 Accord EX V6 (no leather, sedan) and wondered what Honda's lease terms are for 15k miles per year. Thank you.
  • otoluvaotoluva Posts: 138
    Herb Chambers Honda in Westborough, however, most Honda dealers will match this deal, good luck.
  • tonbobtonbob Posts: 5
    In Atlanta, could not get dealer to budge on '12 LX lease past $420 down and then 36/36 lease with 0 down and 35 payments at $250/month not including 7% tax.

    Last ditch effort at other dealers netted me a '12 SE (got leather, heated seats, etc. as bonus) with some little dealer add ons (mud flaps, trunk liner, nitrogen in tires) with cap cost at $22,681, $0 at signing and 35 remaining payments of $232.37 with tax number is $248.64. The dealer got to this by paying $343 for me, deducting any doc fees and using Honda Finance coupons totaling $750. .15/mile over 36k miles. No disposition/turn-in fees and GAP included. I simply could not get any other dealers close to this, the dealer who responded was woman who runs internet sales and stayed late with finance manager and prep guy until I could get to dealership at 8pm and was out before 9pm. I paid absolutely nothing and first payment not due till February 24. Could not be happier with the process and price.

    This forum saved me big, as I kept seeing better lease deals than the national promotion. Only got two responses from emails to 6 dealers once I told them what was being offered and that I was leasing a car same day. Many called to give me the "come on in and we'll earn your business." One gave me some figures over the phone and only one emailed all pertinent numbers right away. They win and so do I. :) Thanks to those who post numbers on deals.
  • tonbobtonbob Posts: 5
    whoa. that is cheap. can't get that done here in Atlanta. Is it 12k miles/year? I've seen some at 10k and also fine print on doc fee still due. something in the air with honda and continued downward price pressure on accords and civics.
  • tonbobtonbob Posts: 5
    Just leased one and best I got was $22,681 cap cost. They started at $23,421 and then reduced by $750 by using what they called Honda Finance coupons. Said coupons come in $25 increments to them and max they can use on one deal is $750. That should come in handy. I don't think all dealers have those coupons or may run out of their allotment.
  • I think you're right, something is definitely brewing with Honda. I heard that the new Civic is not selling well and there are already talks of a refresh (the civic was just resdesigned). Also, keep in mind the new, redesigned 2013's are coming this fall so I think Honda is looking to clear out all of their 2012's before new inventory. There really is some great deals to be had on Accords and civic's right now. $200 a month for an Accord with nothing outta pocket is a crazy deal.

    Shop around guys, the deals are there to be had.
  • thebigtuna79 - you mind disclosing the dealership where you got that deal? I live in the mid-atlantic region and have been looking to purchase an accord with $0 down.

    Any feedback would be appreciated.

    Thanks!
  • Hi teri_c_421. You never mentioned what this car's selling price is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Having this number makes it much easier to tell how large a dealer discount you are being given and in turn whether there is any room left to negotiate. Let us know what this umber is and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • You're welcome albautoleaser. The numbers for the V6 model are close, but not exactly the same. the money factor is still .00033, but the 36-month, 15k residual is 53%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi dsatelt. Honda Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord EX V6 Sedan with 15,000 miles per year are .00033 and 55%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • When I'm calculating the monthly lease payments - is the residual % applied to the MSRP, Invoice amount, or the cap price?

    Thanks.
  • otoluvaotoluva Posts: 138
    The residual is based on MSRP.
  • Hi CarMan,

    What are the MF and Resi for this model @ 12k miles? 10K?

    It is 1/31 so If the month turns, if you could provide Feb instead when they are available!

    Thanks!
  • Hamilton Honda in Hamilton, NJ. They are the lowest in the tristate area
  • Hi leetchie69. Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Honda Accord Coupe EX 4-cylinder with 12,000 miles per year are .00033 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    I'm not sure if you can lease an Accord with only 10,000 miles per year, but if you can the residual value for that mileage allowance would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car-Man,

    Narrowing down my deals and need to know money factor and residuals for a 3 year/12k mile/year lease on both the 2012 Accord SE and EX-L 4 cyl.

    Also need to know about any factory incentives available.

    Thanks
  • Hi,

    I am looking to lease a 2012 Accord Sedan (either an LX, SE or an EX) in Northern California Bay area. Does anyone have any information regarding the best monthly lease payments (and possibly dealer recommendations) and the residual value.

    Ideally, it would be a 3-year, 12k or 15k lease

    Also, are there any factory rebates available?

    Thanks!
  • Narrowed my search down, and the best offer i've got is for a 2012 Accord SE with no added equipment, MSRP $24,700.

    Dealer is offering 3 yr/36k mile lease for $240/mo incl tax with all driveoffs and first payment rolled into the lease. A true sign and drive deal. Tax rate is 7.75%. Because the driveoffs and first payment are rolled in, i'm having a little trouble figuring the exact cap cost. I also don't know if the residual value dropped for Feb. This seems like a good deal, because I figure it's got at least 600 in additional driveoffs (300ish registration, 55 doc, 240 first payment) rolled in. The cap cost has to be under $21000 to get the numbers in this deal to work, even assuming the rates are unchanged from january at 58% residual and .00033 money factor. Everyone else turned this deal down...closest was 246/mo.

    Thoughts?
  • Out of pocket : 1900 ( Taxes, 1 st month payment )

    Duration : 36 months

    Monthly payment : 265

    Dealer : Russell and Smith Honda, Houston

    I didnt shop around ... but I'm sure you can get a better deal !!
  • Hi loud0g40oz. Honda Finance's February 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 .00033 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of a 2012 Accord Sedan EX-L 4-cylinder are .00033 and 56%.

    Honda is currently providing $500 dealer cash plus some additional behind-the-scenes dealer incentives on the 2012 Accord.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I just leased an Accord EX.....I was very happy with Arthur at Huntington Honda in Huntington NY. He was terrific, the finance guy Mike left a lot to be desired trying to shove options down your throat. But overall good experience.
  • loud0g40ozloud0g40oz Posts: 27
    edited February 2012
    Just picked up my new 2012 Accord SE from Hardin Honda in Anaheim. Here's the deal for reference:

    36mo/36kmiles

    MSRP 24700.00
    sale price 22743.96
    Acq fee 595.00
    residual 59.76% 14761.00 (this was a mistake by the dealer. should have been 14326)
    tax rate 7.75%

    dealer paid first payment and all driveoffs (used $1000 in "flex cash" from Honda, and 651.74 from dealer)

    payment: $240.00/mo incl 7.75% tax

    The dealer also threw in a Honda trunk net ($70)

    Kind of a weird deal since I insisted the dealer roll all driveoffs and first payment, all for $240/mo tax incl. I may have been able to shave a couple dollars more off the deal, but it wasnt worth sitting there negotiating for hours. No one else would touch the deal...closest was 246.69/mo.

    I'm happy, got the car I wanted at the price i wanted with zero out of my pocket.

  • thaita78thaita78 Posts: 2
    edited February 2012
    This is a deal I would like to replicate. Can you email to thaita78@gmail.com your contact at Hardin Honda? I would greatly appreciate it.
  • cali92cali92 Posts: 12
    I thought I got a good deal, but after reading forums, I always have doubts!
    Heres what I got from NJ dealer 7% tax
    sticker price was 24k, I said price should be no more than 22K
    36 month 12 k mile
    Accord coupe LX auto
    1500 out of pocket, 249 payment
    any thoughts?
  • yoshapmanyoshapman Posts: 1
    edited February 2012
    I'm getting my Accord SE tonight, I live in NY and got it in NJ, $1110 down (includes bank fee, plates/dmv fees, and first month's lease payment) and $195/month for 36 months, 12k/yr.

    This includes all taxes.
  • cali92cali92 Posts: 12
    That sounds like an excellent deal!
This discussion has been closed.