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2013 and earlier-Honda Accord Lease Questions



  • So your deal on the EX was $215+tax, no money down? Around $237-8...for a bump in the model as well.

    Thanks for the info. I think I'll get multiple quotes from regional dealers and see what my local guy wants to do then.
  • Dealer has moved to $199/month (taxes included) on a 2012 LX 4, $1500 down with 12k, 35 payments and they are having the exterior/interior colors I want brought in from another dealership.
  • I am sorry for my ignorance,,,but how do you use the residual and money factor to calculate the cost of the there a formula?
  • Thanks I will check it out!
  • tpbctpbc Posts: 13
    Can you tell me whether Massachusetts is one of these states? I am considering a lease on a 2012 Accord LX and was just quoted a $17,776 price and want to get paid cash on my 2011 Elantra.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Thanks bradl1 :shades: . Here you go.

    Honda Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Sedan EX-L 4-cylinder with 15,000 miles per year are .00046 and 52%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of an Accord Sedan EX-L V6 are .00046 and 51%.

    When negotiating your deal on either of these cars, make sure to take advantage of the total of $1,500 in cash incentives that are currently available on it.

    A 2-year lease of these cars would definitely be more expensive than a 3-year lease.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey robcola1. The lease calculator that pegasus was kind enough to share is great, but if you're interested here's how the formula that is used to calculate payments works: Calculate Your Own Lease Payment. I usually use this formula and Excel to work up payments.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    That's a good question, tpbc. I am not personally familiar with the sales tax laws for Mass, but you might be able to find out by visiting one of the following sites: Mass Department of Motor Vehicles or Mass Department of Revenue.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man
    Thanks for the info..that is excellent info and gives me even more detail on the answers I need. I appreciate your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome Bob. I'm glad that I was able to help you out.

    Prices Paid: Buying & Leasing Experiences Forum
  • partcans:

    Did you close a deal with Piazza? I also found that they have provided the best internet numbers.

    If you dealt with a trade-in or lease return, please advise as to how they treated you. Do they low ball the lease figures and therafter also low ball you on your trade.

  • I am not an expert, but I did lease a LX in April and thought I would reply to you. I based my decision on the total for the lease and the residual. My lease total [complete] is $7009 for 12k miles 36 months, $13149 residual. I jumped at it because I thought it was quite a deal, and I had a 16 year old Accord LX. I think it is a good car, not great. There are some issues for me, such as stopping distance, uncomfortable seats, below average stereo with this Accord. If I didn't get a good deal, I would have waited for the '13 Altima,'13 Accord, or maybe something else. Add up the total for your lease , taxes, tags, dealer fees, money down, everything. I think the LX, at this time, should be close to $7000 with a fairly low residual.
  • miami425miami425 Posts: 2
    edited September 2012
    I currently have an Accord LX with 6 weeks remaining on the lease. Here is what the dealer has quoted for a new lease:
    2012 Accord SE 36 month lease
    12000 miles year
    I do not have to make the one remaining payment on the current lease
    No payment the first month
    $271 payment including tax months 2-36
    $372 at inception for tags
    Good deal or should I try to negotiate more?
  • gpsacgpsac Posts: 98
    Hi miami424,

    Assuming there is still decent availability as it appears the incentives are the same as August, I might check further.

    30 days ago I had 2 payments left on a 2010 LX and thought I'd test the waters one weekend. Used Edmunds to e-mail several dealers in Central Florida. Two hours later I was on the phone with a dealer on the east coast (about 45 miles away) cementing a deal! Bigger dealers in Orlando would not deal enough.

    Dealer took care of the last 2 payment on my 2010 and had to "dealer trade" for the 2012 EX auto 4 dr I wanted. $242 a month (incl tax) 36/12k with ZERO out of pocket. Three days later I was there and back in under 3 hours with my new one. Just in time for the ball game.
  • Thanks for your advice!
  • gpsac,

    Can you tell me the name of the dealer? I am in Orlando and will be leasing a new Accord soon. Or at least tell me which city on the coast. Thanks.
  • gpsacgpsac Posts: 98
    Titusville. Do the email quote from Edmunds to get the internet manager.
  • Awesome. Thanks! Hopefully there will be some good left over 2012s when I am ready to lease.
  • Does anyone have what the money factor and residual value will be on a 2013 Accord Touring.
    I know its early, but I am stopping by the dealer on Wednesday, just thought I would have this info in my back pocket. Also, will these numbers change as it gets later into the model year, say in a month or 2?

This discussion has been closed.