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2013 and earlier-Honda Accord Lease Questions

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Comments

  • ren0_ren0_ Posts: 2
    36 month / 36,000 miles

    bank fee: $595.00
    dmv: $227.50
    documentation fee: $299.00

    due at signing

    $230/Month (including NJ sales tax)
  • jerseydriver1jerseydriver1 Posts: 1
    edited February 2012
    I'm looking for advice on a 24-mo lease on an Accord EX sedan. I'm being offered (in Northern NJ): $280/mo, incl all fees and taxes, $1500 down. Is this a good deal? From reading this board I've gotten a pretty good idea of what's reasonable for a 36-month lease, but am having difficulty translating this into a 24-month deal. And I have to figure it out quick because the incentive ends tomorrow. Thanks
  • cali92cali92 Posts: 12
    That's a great price. Is that your total out of pocket costs? Did you pay first months payment also?
  • Honda posted an updated deal on the Accord SE today on their website - $1999 down $209 per month. Talked to local dealer and he could go a little further and get me $194 per month with the $1999 down. I think this is a great deal as it's very close in cost to the LX.

    My wants a hybrid (Prius or Civic Hybrid) - but it's hard to pass on this deal.

    I'll be test driving this weekend!
  • bostonbenbostonben Posts: 65
    Does not seem like a great deal.

    Here are Weymouth Honda's numbers for reference on Accord SE with ZERO down:

    MSRP $24,700
    Sale price 20,734.71
    Residual $14,506.50 (57% of MSRP1)
    Financing 1.56% APR (0.00065 money factor)

    $213/month + taxes
    Up front fees would only be dealer doc + Title/Reg.

    You can check their lease calculator out for any model as a reference/tool in shopping no matter where you are located. You will have to "sign in to view pricing" but you do not actually have to enter any personal details.

    http://weymouthhonda.com/lease/
  • krs22krs22 Posts: 3
    This is my first lease.

    I'm in discussion with a Honda dealer (Billion Honda) in Iowa City, Iowa regarding a lease -- Honda Accord LX 2012. Here are the terms they gave me over the phone (no trade-in): $2500 down (includes acquistion, destination fees, 5% tax, license & registration, documentation, and first payment). Monthly payment would be $209. Also, this would be for 36 months/12,000 miles.

    They tell me that the MSRP is $22,950 + dealer-added splash guards (they add them to every car) for a total of $23,133.

    Do you know what the residual value and base interest rate/money factor should be for this car?

    I'm not sure if this is a good deal or not.

    Thanks for any help you can provide.
  • krs22krs22 Posts: 3
    I just wanted to add that the dealer told me the money factor is .00065 and the residual value is $13,081.50 (about 57%).

    Does this sound okay?

    Thanks.
  • bostonbenbostonben Posts: 65
    Money factor and residual look correct.

    The selling price seems way too high. You should be able to get this car for something like your $209 payment per month with ZERO down except for first payments and fees (<$1000).

    You do not mention the selling price of the car. Negotiate on the selling price of the car FIRST. Then, ask for the leasing details.

    In the Northeast, this car is going for about $19.2K before any tax/title/fees.
  • krs22krs22 Posts: 3
    Thanks for your reply. I'm going to visit the dealer this afternoon, and I'll question the selling price. I thought it looked high too, but didn't have anything to compare it to.
  • jcmiami1jcmiami1 Posts: 2
    Hello all, i am being offeed a 36 month lease on a 12 accord se with no money down fo $275 a month with taxes in. All i need to put down is reg and 1 st month. Does this seem fair to you all? I think i can do 250 a month with taxes in. Here in Miami FL taxes are 7%.
  • bostonbenbostonben Posts: 65
    If you can get it for $250 with taxes, seems OK to me. Negotiate on the selling price first. Looks like the SE can be had for $21K even.
  • Hello, I currently have 2011 Civic LX with 20,5000 miles. I pay $174 per month (15,000 3 year lease) I owe 14,900 on the car.

    Dealer here has the exact Accord I would want 2012 EX Sedan black with manual tranny. MSRP is 25075. I dont want to put much down except fees and FMP. Im looking at 24 month or 36 month with 15k per year. Best case scenario and trading in my civic, what should I look to pay. BTW i have 20 months left on my lease.
  • Hello,

    I am seriously considering a Lease on a 2012 Honda Accord and was wondering if this sounds like a good deal. It would be a 2012 Accord sedan with leather seats (I forget the model type) $200 per month for 35 months, with $2650 down and 15,000 miles a year. The purchase value at the end of the lease is $13,997. Does this seem like a good deal? I am seriously considering the offer but would live a second (or third :) opinion. Thanks!!
  • Just double-checked and this is for the SE model at Herb Chambers in Seekonk, MA
  • bostonbenbostonben Posts: 65
    Hard to judge the deal without knowing the selling price, but overall the down payment seems very high. Check out Weymouth Honda's lease calculator. And since you're local, you might want to go with them if cheaper.
  • isha1isha1 Posts: 7
    Please advise on 2012 Accord SE. MSRP $24700 (incl destination/handling). What should I expect for the Cap Cost, Fees, Residual, and Money Factor? We are looking at 36mo, 12k mileage. If you could break down the fees for me, I would be grateful. Dealer was saying something crazy, like tax $717, tag $118, documentation fee $499. We live in Charlotte, NC.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi isha1. Honda Finance's March 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 .00065 and 57%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    If I was in the market for this car right now, I personally would shoot for a selling price of slightly close to invoice (which can be found here) minus the $1,000 dealer cash that is currently available on this model.

    Honda Finance charges a $595 acquisition fee on every vehicle that it leases. The $499 doc fee that you mentioned is between you and the dealer. It really isn't anything more than a way for dealers to pad deals. Any other fees, like tax, title, etc... are likely set by the state.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • isha1isha1 Posts: 7
    Thanks so much for the response carman. They have also put in a destination and handling fee of $770 to get the MSRP from $23930 to $24700. Is the acquisition fee in addition to this destination/handling fee?
    So, would I have to add $770 to the invoice price I found ($21699) when I negotiate with them? Or does the invoice price ($21699) already include a destination/handling fee in it.
    Thanks
  • jcassarajcassara Posts: 1
    Souknd like a good deal can let me know the name of the dealership in NJ you got this deal from
  • sdohiosdohio Posts: 1
    I got a lease quote from a dealer in Ohio for 2012 Accord SE. I am new to the country with no history so he said this is the best I can get

    $1000 down, $14500 redidual, $309 per month for 36 months, 12K miles per year.

    Is it reasonable? Please suggest, as this is the first time I am leasing a vehicle.
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