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2013 and earlier-Honda Accord Lease Questions

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Comments

  • mtan1mtan1 Posts: 3
    Thank you so much for your help! I really appreciate it! You say close... what would you do $25 under the Weymouth lease numbers more? less? What is reasonable for negotiations?

    Thanks again!
  • REF: 4909
    The Weymouth numbers are very competitive. Remember, that their doc fee is required up front whereas the AZ fee is totally negotiable. I would shoot for no more than $10/month over the weymouth numbers. Be prepared to make a deal on-the-spot or walk. The end-of-the-month is a better negotiating position than now...
  • Hi Car_Man

    I got this quote for a 2013 Sport Honda Accord Sedan:

    $290 a month for a 3-year lease
    $700 only payment due at signing which includes first payment and all DMV fees in NYC.

    No other fee. Again, only $700 down and $290 thereafter for 35 months.

    Is this a good deal?

    Thanks in advance.

    JC
  • hithit Posts: 26
    edited December 2012
    Hey,

    So I am assisting a relative who has been having trouble with dealers with his 2013 Accord LX lease. I've looked around and I didn't see the answers, so please advise on the following:

    How much over/under invoice should I ask for the selling price of the car to be?
    Any incentives currently in place on the Accord LX? (I didn't see anything online, but maybe there's something I'm missing)
    He has an expiring Honda lease, any loyalty credits or related incentives?
    The posted rates I've found are: LX - 63% AND .00155 FOR 12,000 MILES/36 months .. are these accurate? Are there rates available for a 10,000 mile lease since he drives under 10k miles annually...?
    The Honda Finance fee I've seen posted is $595, any other costs to expect when leasing?

    And is there anything else one should be aware of when proceeding with this vehicle??

    Thanks very much! :)
  • REF: 4912 (2013)
    The best tool and info for Honda leases is available at the Weymouth Honda web site. They are the only dealer in the nation whose lease data is transparent and current. Start there and build your case (quote) based on your particular state fees and tax rates.
  • hithit Posts: 26
    edited December 2012
    Thanks for the response pegasus17... Their tool is useful, but I can calculate the values properly on any lease calculator.. I just need to know what I can get away with as far as over/under invoice for the Accord LX, along with:

    With an expiring Honda lease, any loyalty credits or related incentives?
    Are there rates available for a 10,000 mile lease since he drives under 10k miles annually...?
    Any other charges/fees or credits one should be aware of when calculating cost?

    Please advise!! Have to make a decision on the vehicle soon.

    Thank you!
  • hithit Posts: 26
    Hey, I just realized I had a typo in my last post. I was looking for numbers and info for the 2013 Accord LX, not the 2012.


    How much over/under invoice should I ask for the selling price of the car to be?
    Any incentives currently in place on the Accord LX? (I didn't see anything online, but maybe there's something I'm missing)
    He has an expiring Honda lease, any loyalty credits or related incentives?
    The posted rates I've found are: LX - 63% AND .00155 FOR 12,000 MILES/36 months .. are these accurate? Are there rates available for a 10,000 mile lease since he drives under 10k miles annually...?
    The Honda Finance fee I've seen posted is $595, any other costs to expect when leasing?

    And is there anything else one should be aware of when proceeding with this vehicle??

    Thanks very much!
  • iontrapiontrap Posts: 138
    There is not much traffic over in the Crosstour lease thread so, hopefully someone can help me over here.
    What is the residual value and money factor on a 2012 Crosstour EX-L, 36 months with 12000 miles per year? I have seen 0.53% residual and 0.0002 MF (this info is not from Edmunds so I am hesitant to believe it), is this correct?
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,678
    edited December 2012
    HIT, I'm not a lease guy. On pricing any Accord can be had for 500 below dealers invoice at worst case.. I would start my calls the last few days of this month.. Telling each dealer that for $ 1200 below dealers invoice you will lease that moment. Make sure the money factor, and resid, are correct.. I posted a few days ago some good dealers in my area.... Try calling them first. Use Waymouth Honda's web site as your starting point on pricing most of there pricing is about 500 below dealers invoice price on vehicles. Every dealer in your area should match or beat Waymouth lease price to get your business. 10 maybe 20 dollars a month i would expect lower than Waymouth's Internet Quote. Post your deal when your done... Good luck..........Brian

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • hithit Posts: 26
    Hi brian125, thanks for the response. Are you referring to dealers invoice or the msrp when you say that it should be at least $500-$1,200 below invoice.

    Please advise, thank you!
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,678
    Dealers Invoice. Always start any vehicle negotiations below Invoice and making your best deal that way. Never start at msrp and work pricing down from that end.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,678
    Use this formula to figure out a starting price to offer the Dealer.

    1- Vehicle's Invoice price
    2- Minus Dealers-hold back on Vehicle
    3 Minus Any Manufactor Incentives/ cash back

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • Brian -- Do you consider the destination fee ($795) part of the dealer invoice?

    Personally, I would start using the e-quotes services many of these honda dealerships has up and seeing what prices they are quoting. You can always setup some sort of spam-email account in case you don't want to use your real email.

    For example, just got a quote from Honda of Los Angeles for an Ex-L, I4 for 24,469 w/o destination fee.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,678
    edited December 2012
    NO, Your Dest- Charge has to be added to your final agreed sale price. All consumers have to pay this charge> It is not Negotiable .

    Iv'e always found Edmunds forums a great source of info on Buying/ Leasing and Car info. However.... you start the process of getting info or idea's on Car pricing helps obtain a best price scenerio.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • There is an interesting lease deal going on now if anyone is interested (New Jersey) ends on the 24th. I leased an 2012 Accord LX from this dealership earlier this year. It's 10k/year though, but it may work for someone. Thought I'd pass it along.

    Hamilton Honda
    ALL NEW 2013
    Honda Accord LX 4 DOOR


    $169
    per 39 months**
    $0 DOWN!


    Also Includes Our
    Hamilton Honda Guarantee

    FREE Oil & Filter Changes
    FREE Unlimited Car Washes
    FREE Service Loaners & Shuttle Service

    Subject to Tier 1 Credit Approval.**Based on 39 mo lease, 10K mi/yr @ .15 additional. Total payments $6591. Residual $15559. No Money Down!
    Taxes (NJ $503.02, PA $646.74), Doc Fee, DMV Fee & Bank Acquisition Fee $595. MSRP $23270. Prices include delivery & prep fees, up to $1500. In wear termination included.
    Full Gap insurance protection, no lease end termination fees. Expires 12/24/12. No two offers combined.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,678
    Nice job Marie merry x-mas

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • Just leased the 2013 sport for 266.00 with 1500 down, Did I do well?
  • Hi redbone55. Honda Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Coupe LX-S with 12,000 miles per year are .00155 and 61% for consumers who qualify for its top aka "Super Preferred" credit tier.

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

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi jcarlos. It would be easier for me to evaluate this deal if you were able to provide me with this car's selling price. Let me know and I'll tell you what I think.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi iontrap. Honda Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Crosstour EX-L 2WD with 12,000 miles per year are .00020 and 51% for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Picked one up yesterday.

    2013 Honda Accord Sport
    $550 up front (includes 1st payment)
    $340/month 36 months
    18k miles a year

    I used Weymouth Hondas lease calculater and negotiated from there.
  • $1177 downpayment = license, registration and destination charge
    $0 cap cost, $0 first month payment

    35 installments of $288 (w/tax $304)
    15k miles per year

    MSRP: $23,270
    Residual: $14,194
    Total lease payments (pre-tax): $9,975

    National advertised deal was $310 per month +tax, plus about $20 per month for extra mileage. Seems like I got a good deal, Car_man what do you say?
  • 2013 Accord Sedan LX CVT
    36 month, 12,000 miles

    MSRP: 23270
    Gross cap cost: 21414
    net cap cost: 20510.85
    cap cost reduction due up front: 903.15
    residual: 14,427.40
    $2200= total due at signing including acquisition, dealer fee of 595 I think, tag, title, cap reduction

    Monthly= 223+tax= $239/month

    I'm in the Orlando area but this is from a Tampa dealer I have used previously.

    Doesn't seem good. What says the forum? Dealer insists this is bottom line awesome deal. Will not eliminate cap reduction costs. I think with cap reduction eliminated and but with same net cap cost would be a good deal.
  • ctal1234ctal1234 Posts: 8
    edited January 2013
    Two questions:

    1. What are the residual and mf for a 2012 Accord EX-L V6 non navi? Any dealer cash, etc? 3yr/36K.

    2. What are the pros and cons of leasing a 2012 EX-L V6 vs a 2013 EX I4? I would hope to get a similar price on either.

    I have a 2010 EX-L i4 that I like, but the lease is up in 6 weeks and I need to figure out what to do next. I am tempted to lease a 2013 EX and, assuming the resale will be high, try to trade it in on an EX-L in a year if there are better deals. On the other hand, the leather and V6 are compelling and I don't mind having a 2012 for three years.

    The payments I see reported here on 2013 EX-L leases are c. $60 more than what I'm paying now ($289) and I'd like to stay under (or at lease close) to $300 without a down payment.

    Also, my 2010 is in good shape with just a few parking lot dings, and I'm 11K miles under my allotment. Can I expect to get anything on a trade?

    Thanks! I appreciate any advice I can get.
  • gee22gee22 Posts: 82
    The most notable differences between the two are the gas mileage and acceleration. You'll get decent mileage and great acceleration on the 6 and decent acceleration and great mileage on the 4. Then I would just compare the features and decide what's more important to you. Would you rather have a backup camera in the 2013 and give up leather in the 2012, etc? It's not what others think, it's what's important to you.
    Forget about trading in your car in a year. You would be terminating a lease two years early and that is really expensive. If you found a dealer willing to take your car, you would be paying through the nose for your next car. Besides, its very counter intuitive to think that a 2013 EX could have an exceptionally higher than anticipated resale value in 2014 and yet they would discounting the 2014 EX-L you want to lease. I'm willing to bet that whatever car you will be leasing next month you will be driving for three years.
    Good luck
  • Anyone know the January 2013 money factor & residual for a 2013 Accord EX-L Sedan Navigation 4cyl at the super preferred tier with sign & drive?
  • Hi ctal1234. Honda is not providing lease support on the 2012 Accord any longer. Chances are, if you want to lease one that it would be less expensive to go with a 2013 model.

    Though the dealer cash that's available on the '12 might help to offset some of that. There's $2,750 on the '12 Accord Sedan EX V6 right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi zoomerdude. For some reason, I think that your username is really cool :shades: .

    Honda Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L 4-cylinder with Navigation and 15,000 miles per year are .00155 and 56% for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you, and.... thank you.
This discussion has been closed.