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2013 and earlier-Honda Accord Lease Questions

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Comments

  • Krovopiytza,

    The residual value on a 2013 Accord EX-L sedan is 61% for 36 months and 12k/yr. The money factor rate right now for Tier 1 Super Preferred credit is .00165 which includes security deposit waiver. These residual values are valid until the end of the month.
  • ajr1775ajr1775 Posts: 33
    On the LX 2013 I've been checking around and the lease rates provided by Honda are ludicrous. Stay away from leasing this vehicle until lease support kicks in. Blue3715 got a lease quote of $0 down $317.00 per month on an LX of MSRP $23,370? Call me crazy but in no parallel dimension or alternate universe is that a good deal. The ratio between lease rate and MSRP is just way off. There are other costs to consider such as what you roll in like destination etc. but taking that into account its still way off.

    Off their site.....assuming I lease an EX-L 2013 for 36 months and 12K miles per year at a capitalized cost that matches FMV they are asking for $450.00 per month. No way. Hello Nissan Altima.
  • I know what I want, I just don't know how to get there.... I have been quoted a price of $23,942 for the above mentioned vehicle, I think this is a great price! I want to keep my payments around $300 with as little down as possible. I have excellent credit and live in So Cal, 92646 zip, when I go into the dealer, what should I be looking at/for? I have never leased before and I find it quite confusing! Thanks in advance! :blush:
  • ajr1775ajr1775 Posts: 33
    It's a great price if you're paying cash or financing. However, the lease rate you are getting is too high. It's not you, its Honda financial services. Look around at other vehicles like the Nissan Altima, Hyundai Sonata, or Ford Fusion. Their lease rates for a similar priced vehicle are much better.

    If you're dead set on a 2013 Accord LX then hold off till the next quarter when their lease rates should improve and they have real lease support. Right now the supply and demand is such that they don't have to.
  • Just to clarify... this is a 2012 EX-L V6, not the LX.
  • ajr1775ajr1775 Posts: 33
    That makes it even worse....a 2012 should have a better lease rate. Especially if they're wanting to move inventory to clear way for 2013 models. Based on the sale price of the vehicle which is referred to as the capitalized cost it's very high still. Forget that dealer and move on to another. See the other posts and compare their sale price(capitalized cost) to the lease rates that accompany them. You can do a ratio and figure out what the lease rates should be. Although they are getting bad lease rates too, just not as bad.

    I just ran a check and a 2013 LX with a cost of $23,270.00 was getting a lease rate of $400.00. Ouch! It should be way under $300.00. As a comparison, right now you can get a 2013 Nissan Altima 3.5 SL for $282 per month with an MSRP of $30,500.00. Granted, it's a special offer they have going on but their regular offers are pretty good as is.
  • I just leased a 2012 EXL v6 w/ $2400 down for $235 a month. 36 Month 12k miles. Selling price was 23K.
  • ajr1775ajr1775 Posts: 33
    tellomaster,
    Now that's more like it! Sounds right if you take the $2,400.00 off the sale price and your capitalized net ends up at $20,600.00 and you lease based off of that.
  • Always look at the adjusted gross cap cost. You should be able to get it for under $300 and the money factor rate for 2012 Accords is much lower than the 2013 model. It is .00046. The residual value is 51% for 12k.yr. This is for Tier 1 Super Preferred which means you need a 660 credit score or greater since Tier 2 Preferred is the same money factor rate.

    Also, all Honda leases come with a $1500 in wear and tear allowance and also no disposition fee at lease end. Also GAP insurance is included. There are dealers out there that will try to sell you this so don't fall for that.
  • The much better deal will be on the 2012 Accord. The money factor rate is much lower .00046 vs. .00165. Also the rebate or dealer cash, lease cash is $2250 on remaining 2012 Accord EX and EX-L and also V6 models which get an additional $500.

    Also be careful of who is the bank. You have two lease proposals. I would stick to Honda Financial leases and not other banks. The other banks may have higher acquisition fees and also they may nickel and dime you for damage to the car at lease end. Honda is much more flexible and they have $1500 in wear and tear allowance for minor dents and scratches. Honda also has no disposition fee. I would personally wait for the 2013 lease program to get better. The 2013 Accord is a superior car to the 2012 model with lots and lots of changes and improvements.
  • Here you go Krovopiytza. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L 4-cylinder without navigation with 12,000 miles per year are .00155 and 61%, for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man,

    Thanks for the info!

    I'd like to know residual and mf for 2012 EX, EXL and SE. It will be great if you may list the number for both 24 months and 36 months, with 12K/y and 15K/y.

    Many thanks!

    Jacky
  • Hi.

    Honda posted new lease deals on its web sites for both the LX and EX.

    LX
    2013 Accord Sedan CVT LX Featured Special Lease
    $249 per month for 36 months
    $2,299.00 total due at signing.

    OR,

    2013 Accord Sedan CVT LX Featured Special Lease - Zero Due at Lease Signing
    Offer valid from 11/1/2012 through 1/2/2013
    $0 first months payment, $310.00 per month for 35 months
    $0 down payment, $0 security deposit. For well-qualified lessees.
    --------------------------------------------------------------------------------- -------------------------

    EX
    2013 Accord Sedan CVT EX Featured Special Lease
    $269 per month for 36 months
    $2,299.00 total due at signing.

    OR

    2013 Accord Sedan CVT EX Featured Special Lease - Zero Due at Lease Signing
    Offer valid from 11/1/2012 through 1/2/2013
    $0 first months payment, $330.00 per month for 35 months
    $0 down payment, $0 security deposit. For well-qualified lessees.
    --------------------------------------------------------------------------------- --------------------------

    Are these the so called subvented lease offers? These seem slightly better than the ones before. I've been waiting for better lease offers and not sure if I should jump for these or still wait hoping that Honda will offer even better offers than these. I'm hoping for offers below $300 with $0 down for the LX and Sport.
  • Hi Jacky. I'm still working on finding out the residual values, but they really don't matter as much anyhow because dealers don't have the authority to manipulate them. Honda Finance's new November buy rate lease money factor for 24 to 36 month leases of the 2012 Accord are .00021 for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey jcarlos. The redesigned Accord is still new and manufacturers try to ride the halo that's associated with redesigned vehicles for as long as possible before they provide significant support on them. How long it takes for the deals on the 2013 Accord to approach those that have been available on the 2012 model, I personally have little doubt that they'll eventually come close, depends upon what auto sales are like in general and how well received the new Accord is by the market.

    Honda's new November lease program is scheduled to run through the end of the year, so unless Honda makes an unscheduled enhancement to its programs what you see now is what you get for Accord leases over the next couple of months.

    Whether you should wait to get one depends upon how desperately you need a new vehicle. If you don't mind waiting I suspect that the deals will eventually get better. Of course, it's difficult to say with 100% accuracy what automakers will do with their future incentives programs.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • received an offer of 268.00 per month on 2013 accord lx auto 12/36 with 0 down, sticker is 23070. Is this a good deal?
  • Is the $269/month for 36 month $2299 down on the EX CVT really a good deal? If so, will it be easy for me to be able to get the $269 a month with no money down? For example, I act like I am about to walk out unless they take off the down payment?
  • Yes, I would say that it is. If I calculated it correct you are saving $1615.
  • Hey Car Man!

    What is the residual and mf for a 2013 Accord LX and LX Sport for the month of November? If it makes any difference, I am in southern California.

    Thanks in advance Car Man!
  • No problem. Thank you very much Car_man!
  • Finalized a deal for 2013 accord ex-l without navi.
    36 months/ 15K miles a year (paid extra to go from 12K to 15K)
    $345/ month including tax
    $0 down

    Total price (including residual) was more than $1000 below invoice.
    Good deal?
  • considering the current numbers, thats a pretty good price IMO. well done.

    Just curious.... how much was the monthly price if it was still 12k miles/year ??
    Thank you!!
  • Here you go sean_cornil. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan LX with 15,000 miles per year are .00155 and 61% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 Accord Sedan LX Sport are .00155 and 60%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • You're very welcome jackywang.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Dealer told me that's about $15 less per month
  • gee22gee22 Posts: 82
    On the surface looks like a great deal. Couple of questions since I'm looking to lease an EX-L too. Was there any trade involved and is the lease with Honda Financial? Also, would appreciate if you could share the dealership name and the fees they are charging. Thanks!
  • 2012 Accord ExL:
    36Months:
    12K~ Residual Value: 0.50%, Rate: 0.00011
    15K~ Residual Value: 0.48%, Rate: 0.00021

    24Months:
    12K~ Residual Value: 0.56%, Rate: 0.00011
    15K~ Residual Value: 0.48%, Rate: 0.00021

    :)
  • I'm looking to lease a 2013 Accord Coupe, EX-L V6 with Navi. Can anyone give me an idea of what leasing rates, MF, etc they paid or what I should be looking at per month.

    I need car for 10,000 miles/ year
    Would like a 36 month lease
    I have a 760+ credit score
    Live in Denver area
    Can bring $2,500 to close
  • No trades. Yes, the car is leased though Honda financial.
    Dealer was VIP honda in north plainfield nj.
    I remember the dealer fee was around $380 and registration was around $200.
This discussion has been closed.