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2013 and earlier-Honda Accord Lease Questions

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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: 27,671
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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!
  • 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: 2,424
    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!
This discussion has been closed.