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2013 and earlier-Honda Accord Lease Questions

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Comments

  • Car Man, do you have the MF and residuals for 12K miles and both 24 and 36 months for a 2012 EXL V-6? Also, do you have the rebates available and any dealer support money on this car for November? Thanks, your information is great.
  • Does anyone know the November money factor and residual for the 2013 Honda Accord EX-L V6?

    Thank you in advance
  • Planet Honda - New Jersey

    Model #CP2E3CEW, 4 dr, 4 cyl, automatic transmission, p/s/b, MSRP $23,270. $169/mo lease. $0 down payment + $159 first month's payment + $0 sec dep + $795 bank fee = $954 due at signing + tax, tags, fees, etch and any dealer-installed options.

    Ttl Pymt/Residual: $6,201/$14,660. 10k mi/yr/ .20¢/mi.over. 39 month lease. Closed end lease for 720+ FICO score lessees. One year Olympicare Maintenance plan includes two oil changes and one tire rotation.

    Payments not to exceed $300/mo to be made by Planet Honda through reduction in amount due at signing. Does Not Require Loyalty or Conquest to Qualify. Not responsible for typographical errors. Cannot be combined with any other discounts or offers. Subject to availability.
  • gee22gee22 Posts: 82
    That ad has been around for a while now. Standard lease add where there is no mention of the other fees you will need to pay (documentation, marketing, etc.) Don't expect to pay just $954 at signing for such a low monthly rate.
    Based on the $795 bank fee, you will be dealing with a third party leasing company (Honda Finance's fee is $595). They will probably be charging you for excess wear and tear that would be considered normal wear and tear by Honda Financial. I'm willing to bet their lease end disposition fees will be higher than Honda Finance too. Third party leasing companies are in it to make money on this deal, they are not trying to win your future business too.
  • Hi hallja. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Coupe EX-L V6 with Navigation and 12,000 miles per year are .00155 and 56%, for consumers who qualify for its top credit tier.

    I'm not sure if Honda Finance offers Accord leases with only 10,000 miles per year, but if it does the residual value for one would be 1% higher.

    You can use the pricing data that's available in the New Vehicle Pricing section of Edmunds.com and the formula that's outlined in the following article to work up a payment on this car: Calculate Your Own Lease Payment.

    i>Car_man
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  • Here you go refrunner. Honda Finance's November buy rate lease money factor and residual value for a 24-month lease of a 2012 Accord Sedan EX-L V6 without navigation with 12,000 miles per year are .00021 and 56% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00021 and 49%.

    There is a total of $2,250 dealer cash on this car right now.

    i>Car_man
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  • Certainly ejosh87. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L V6 without navigaiton with 15,000 miles per year are .00155 and 58% for consumers who qualify for its top credit tier.

    i>Car_man
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  • Residual: $13,480
    Annual mileage: 12,000
    Lease term: 36 payments

    I will end up putting on more than that due to an unexpected job change.

    I owned my last Honda for 12 yrs and did a lease/purchase conversion many yrs ago.

    My contract states:
    Excessive Wear and Use: I may be charged for excessive wear baed on Lessor's standards for normal use and for mileage in excess of 12,000 miles per year at the rate of .15-cents per mile.

    Purchase Option at End of Lease Term: I have an option to purchase the Vehicle AS-IS, Where-IS at the end of the Lease Term for $13,480, PLUS any required taxes and fees.

    If I exceed my mileage allowance of 12,000 miles and decide to wait til the end of the lease term to purchase it, will I be penalized?

    Am I better off trying to convert this lease NOW to a purchase by taking a loan with my Credit Union? They have great rates for pre-owned cars.

    I am the original owner and will do what I did with my last Honda, keep maintenance and records. This car may be a decent one to keep since my last one was a Civic and this one is an Accord.

    Does anyone have any feedback? Anything else I should be aware of? :shades:
  • Hi CarMan - do you have the MF rate and residual for a 2013 Accord Coupe EX 4 cylinder Manual on a 36 month 12k/yr lease. Does Honda have a 24 month lease deal on the same car? Thanks!
  • sean_cornilsean_cornil Posts: 5
    edited November 2012
    Thank you so much for the reply Car_Man! It was very helpfull!

    One more question if you don't mind. Can the residual value be affected if I choose manual transmission or automatic? With any car? I remember a dealer once telling me the manual will be a higher lease payment because it is usually harder to sell a manual trans car when I return it at the end of the lease.

    If it is affected, what is the residual and MF for a 2013 accord sport manual transmission 36mo 12,000 per year.

    Thanks again!
  • What is a fair money factor and residual for leasing a 2013 Honda Accord Coupe (MSRP $31,140) with a 42 month term at 18k miles per year?

    Is a money factor of .0017 and a residual of 48% completely out of the question? Or are those realistic figures?

    Thanks,
    Landon
  • syrsyr Posts: 10
    This is the most useful response I have read in a while :)
    Thank you gee22.
  • gpsacgpsac Posts: 98
    If you purchase the vehicle at lease end, ther are no fees for damage or mileage. These only come into play if you are returning the car to the lessor after your obligation is complete.
  • gpsacgpsac Posts: 98
    Not sure I understand the question or whether it has an answer. The residual has nothing to do with "fair". It is what it is. Based on the historical resale value of a particular vehicle. Now the manufacturer may at times pay the lessor (lender: Honda Finance) to bump it up. No different than they will buy the interest rate down.

    History and competition drive what these numbers are.
  • Hi Car man,

    I'm interested in leasing a 2013 Accord sedan--the LX with auto transmission and no Sport Mode. Can you please tell me the December 2012 money factor and residual value for a 36-month lease (12,000 miles per year)?

    Also, do you think I might get a better deal now (Dec. 2012) or next month (Jan. 2013)?

    Thanks.
    psanders
  • For any info on Honda leases, this dealer posts all the numbers as part of their lease calculator. It is amazing and simple to use. Too bad they are the only one in the nation to do this. I don't live in Mass. nor am i affiliated with them...

    http://www.weymouthhonda.com/lease
  • Thanks for the link! You're right--more dealers should do this.
  • Hi dcf1955. Honda Finance's current buy rate lease money factor and residual value for a 24-month lease of a 2013 Accord Coupe EX 4-cylinder with 12,000 miles per year are .00155 and 68% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00155 and 61%.

    Car_man
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  • You're very welcome sean_cornil. While the transmission that a vehicle is equipped with does sometimes affect its lease program, that's not the case on Hondas. Its residual values are the same for manual and automatic vehicles right now.

    Car_man
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  • Hi Landon. If your credit is in good shape and you qualify for Honda Finance's "Super Preferred" credit tier, you should look for a factor of around .00155.

    Car_man
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  • If I am thinking about keeping a lease @ maturity for a 2013 accorde would it be helpful to get a lower residual by taking a 15k/yr mi. Option vs. 12k?
  • Our 2010 civic lease matures 2/27 & we think we will step up to the Accor ex. We also have an '08 Camry (no loans) & thinking of getting a 2-3 yr lease to replace the civic until we retire in 2-3 yrs & plan to only own 1 car at that time. Would it be gd to put 3-4k down on 2-3 yr accord lease, keep a low paymt of $200'sh & decide which car to keep or sell in 2-3 yrs? Any ideas?

    Joe
  • kyfdxkyfdx Posts: 31,193
    It would be a wash, either way... If you take the 15K/yr, you'll pay more each month, but a lower residual... which will almost exactly cancel out..

    Better to match your lease parameters to what you actually need, so that the decision to buy or turn-in at lease end is based on what makes the most sense at that time..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Looking to lease the 2013 Accord EX, no rush. What are dealer incentives/cash now, and any indication better incentives will arise January-February?
    Thank you.
  • Hi psanders. Honda Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan LX 4-cylinder with 12,000 miles per year are .00155 and 63%, for consumers who qualify for its top credit tier.

    It's difficult to say what this car's lease program will be like in January. Honda is not providing any lease support on it right now, so you aren't risking missing out on anything by waiting. However, it is possible that this vehicle's residual values would fall when the next quarter begins, making it slightly more expensive to lease. Whether it is better to get one now or waits depends upon whether Honda introduces lease support on it next month or not. Eventually they will, but I personally would guess that it wouldn't be in January. If that is indeed the case then it would be better to get one at the end of the year.

    Car_man
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  • Hi marbetd77. Honda is not providing any support at all cash or lease on the redesigned Accord right now. You aren't risking missing out on anything by waiting, but it is possible that this vehicle's residual values would fall when the next quarter begins, making it slightly more expensive to lease. Whether it is better to get one now or waits depends upon whether Honda introduces lease support on it next month or not. Eventually they will, there's always support on the high-volume Accord, but I personally would guess that it wouldn't be in January. If that is indeed the case then it would be better to get one at the end of the year.

    Car_man
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  • Hi: I'm looking for current residual value for 2013 Accord coupe LX-S. Also, what would be considered a good lease deal for 36 months, 12K miles per year? Live in Franklin County Ohio 6.75% tax and only looking to put down first month and fees.

    Thanks.
  • Thanks, Car_man.
  • mtan1mtan1 Posts: 3
    I am new at this negotiation thing. However I did do a good job in 2010 when I leased my Honda Accord EX-L. I am kind of stumped as to what to do next. I went on Edmunds and put out the email to the dealers in my area (Arizona). I would like a 2013 Honda Accord EX-L ideally. I also wanted to get the pricing for the other models as well. So I asked to respond with the lease rates for 15,000 miles, 36 month lease, tier 1 (800 credit score) credit. I also asked for $0 down pricing. The response I got from one dealer was amazingly high, based on what I have been reading on this blog and the lease calculator that was posted I think yesterday (link below)....

    http://www.weymouthhonda.com/lease

    Anyway, here is what I got from one dealer.
    2013 Accord EX-L = $469 / Month + Tax
    2013 Accord LX = $375 / Month + Tax
    2013 Accord Sport + $406 / Month + Tax

    The other dealer gave me:
    2013 Honda Accord EX-L
    MSRP - $28,785.00
    Your Selling Price - $26,000.00

    Monthly payment - $408.07.

    This price has a savings of $2,785.00

    Both are too high based on my research of the blog etc. So what do I do from here? What should my target price be for a $0 down lease 15,000 miles, 36 months, tier 1 credit (800 score), Honda Accord EX-L.

    Thank you for your help.
  • REF: 4907
    Make an offer in writing close to the Weymouth lease numbers for the car you want. Remember that the doc fee is completely negotiable (i.e., optional) in AZ so don't let them BS you with that. Be prepared to WALK OUT if they won't deal. Nothing has changed in the lease GAME since 2010...Good Luck!
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