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2013 and earlier-Honda Accord Lease Questions
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Comments
So ya, I got another dealer telling me that they will lease the car for $25,560 EX-L 4cyl, Navigation, at $312 a month for 36mth, 12k a year, now is this good? Really should I do this deal....?? Or should I wait, because it can only get better from now on....If I lease a EX-L without navi for $23,403 than I will pay about $280 a month....
What do you think? Which model should I get ?
Now, remember, I do have to put down 2k... What do you think about that as well, I know its a bit on a lease, but the payment is what I want.
Let me know
This dealer told me $200 under invoice, and made them give me their sale price in the email!
the way I do my job is along those same kinds of questions... sure I could sell lots of cars at right around invoice and keep selling cars for along time, but the customers I love to have come in are the ones who come in and say "hey ben, i was hoping you were still in today, my daughter needs a new civic... here is what we thought was a good price to pay; what do you think?" and when somone brings me a real and honest offer, I sometimes say some stupid line like, "well you offer is close, but... I am going to have to give you a free oil change with it..." it makes for sooo much easier and more enjoyable experiance for everyone the next time. there is so much information out there today that you all know what the Dealers pay for the cars from the MFG's its not tought to find out; just buy the car you want. but before you buy it... make sure you are buying it from some you;
A. Know.
B. Like.
C. Trust.
If you know a salesman, buy a car from him/her...(unless you don't like/trust them) they really will not do you wrong.
I am not looking to marry a car salesperson, just get a good deal. I almost never use the selling dealer for service since I buy where I get the best deal, not the closest. In most dealerships, the folks you work with today will not even be working there in a few weeks or months, much less when you need another car. I might pay more to saving some driving to go get a good deal, I would not pay more just because I got a car from the same dealership previously. I always have all the numbers worked out long before I set foot in a dealership to buy, I just show up, test drive, check the paperwork, sign, and leave. No haggling, no "give me a little lower price", etc. If someone can't give me all the numbers long before I get to the dealership, then I don't bother to go. If someone tries to change the numbers at the dealership, I just leave.
Deal down to invoice or below including dealer fees and destination and less known dealer incentives then lease at the buy rate. Pretty simple formula and it does not take knowing anyone or anything else to get. Yes, the dealer can make money on hold back and other incentives we may not know about, but if your price is at or below invoice less incentives then you have a nice deal.
Leasing an Accord now is not a good move. It has been posted over and over that the current 0.00255 MF is just too high. So if you want a new Accord you will either pay too much for the lease or will need to wait until AHFC offers better rates or check out a 3rd party lease. The more folks that pick the just wait option, the quicker everyone will get better lease deals.
Dennis
Aurelio
(e) asisto_alt@yahoo.com
Mine was with taxes included.
If you don't follow the terms of the contract, it will be very bad for your credit.. The dealer sold your car to the bank, who rents it to you.. They can't take the car back, because it isn't their car, any more..
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Thanks.
That will cost you 50 dollars per month extra, on average, depending on model.
Thats just the Money Factor. Altmas are now also being discounted deeper below MSRP making these deals horrible.
I am Not pushing the Nissan over the Honda, just pointing out that it is not smart to Lease a 2008 Accord .. Yet.
Buy an Accord but DO NOT LEASE!!!!!!!!!! Goodbye Honda
Same with Camry in California.
But to play your game, what in the world is VSC, or what is it that you think it is that makes the Accord worth 50 dollars or more a month over an Altima?
(Some background information my deal...I leased a Pilot last month and got a .000204 MF. A couple of days ago I emailed my saleperson and asked about possibly leasing an Accord. He's responded but hasn't sent me a quote yet. I want to be prepared when he does.)
Thanks to awesome people like you, I am able to know what is good, and what is not.
I am sure your dealer cannot do any better than what Honda has given them as far as lease rates, now some dealers will try to bump it up some.
If you want the accord lease, then wait... I am.
Dealers can get mad at me, because I get quotes often, but as a consumer, I can do that.. and when I do a deal, I will be so prepared.
Honda better step their game up, because they'll lose people, even the loyalists.
As long as your pay off is equal or less than your trade in value, than you will be just fine. The condition, mileage of the car will also determine this trade value. With honda, you typically do not have to worry about value, but if it is early in your term, than you could be upside down, and if you did trade, you would have to add that negative equity to your new car. I was able to trade my 06 accord last August, and at the point I only had my car for 1yr and 8mths. My lease is 36mth. So that is very good, but I kept it, I still have the 06. I am going to trade for the 08 Accord this spring, and is still not the end of my term til Jan09. I am in good shape though, as far as trade value versus trade value. I am able to walk away from the 06. So wait awhile if your too early in your term.
You will only have collateral is the very best of conditions. It is the very end of your term, you have exact mileage or low mileage, your payoff is much lower than your trade, also depends on the current market as well.
You could try selling it, or transfer the lease to someone.
I'd like some advice/opinions on this deal I worked out the other day.
2008 Accord EX coupe
$1600 down which is just taxes, bank fee, and all that basic stuff.
$285 a month
Does this sound good? I just feel like I need more opinions before I go for it.
Thanks so much.
Have fun with your new car! What color are you wanting....
I am thinking I want the mystic green for my sedan... I am really liking it, because it unique and classy.... so who know what color I will get. it looks more unique than the other bland colors.
Good luck with your new car too! Let me know what color you end up with. The green is beautiful, and rare, which I love. Thats probably why I love the 2 door Accord, I rarely see them on the roads, which I know will change, but for the time being, its nice to have such a new and not so popular car. My other option was the Altima Coupe, but I see about 3 of them a day, and they are already starting to get kinda old. haha
What are the full terms? Is it only 10,000 miles a year for that payment?
What's special about that particular dealer? Isn't there a national lease program where any dealer should be able to lease for the same rate?
I suppose I might be able to get a loaded Altima V6 with VSC for around the same lease payment as a 4 cylinder Accord, but then I would be spending a lot more on gas and insurance.
Someone posted that Accord lease rates have now dropped, but I don't see any sign of that.
After I leased on Dec. 31, the terms changed to include $1,995 down payments. So now they have gone back to $0 down payment.
Keep in mind the gas probably will cost you an extra 300 dollars a year, on average. Since it is a lease you can figure it exactly by dividing into your allowed miles.
Either way, dont sell yourself short. You can be driving a lot of car for 350 a month, no reason to limit yourself. I am not a dealer but unless you HAVE to lease this car now, you will be kicking yourself in April.
Is this a good deal? I was hoping for a lower payment.
What was your sale price, I was able to get $200 under invoice.
I did not do a deal, because I know that soon, I will be able to do better. Read earlier posts, people are not getting that good of a deal, only when they are purchasing the car through a loan. If you don't need a car right now, then wait, I am. Otherwise that is a little steep, Were talking est.. $23k-+ for $396, that is high! Look at the competitors, and you will see how their deals really make this look bad.
Good Luck.
2008 Accord EX
Total Downpayment: 2899.000
15k miles
36 month lease
Residual Value:14,941.95
Payment: 279.00 Month
Its $40 dollars a month over thier advertised special.
Keep in mind I didn't pay tax, title and doc approx $1531.00
Also got 3k extra miles a year.
Anyone think I could have done better?
There is no way they are giving a payment of $239 for an EX with no money down.
Read other posts. They will explain and answer alot of questions for you.
I would have researched a bit longer if you honestly needed this car now.
This deal is no deal, its not too good. There was alot of money involved in this lease, which defeats the whole purpose of a lease.
None that would touch that deal.
Payments for an EXL4dr were in the 315-320 range with $2899 down.
If you only put 2k down on a the car you still have almost $1800 in taxes and docs fees.
I don't see how they can get the payment down to 288.00 a month for an EXL based on the pricing MSRP 25,060. Even if you get the car for 2k under list your still looking at 23,060 plus taxes.
Also factor my 9k additional miles over the lease term.
I Understand that I put a lot down and that goes against traditional leasing wisdom.
However, I was using the Honda advertised special as a baseline.
I have seen some good deals on this forum but some of them don't seem realistic based on what I have seen in the real world.
What should I be paying monthly based on my down payment.
The advertised special for an EX is 239.00 with 12k miles and 2899 down.
Honda will have to offer special lease and finance deals soon to keep up. Wait, or negotiate the price aggressively using the competition to your advantage.
Slowly were getting there, just wait til the deals start arriving, it'll be even more exciting! I think dealers are losing their grip a little bit.
http://www.huntingtonhondacars.com/ad.asp
This is the same vehicle I was looking for the past two months. The color combination is very hard to find. Polish Metal Metallic with Black Interior EX-L V6 with Navigation. Where did you get your deal? Provide location, and dealership name. What was your money factor, residual % and cap cost? I am located in North Carolina.
You are okay to go ahead look at other cars, start by emailing many dealers and work on deals through them, work on a good sale price, start with $0 down. That way when it feels good, then you can take the quotes and go in and sign.
Also definitely leave out the trade until you are confident in the deal. Then that way you may look at the whole deal realistically. Dealers get all wishy washy when you through that in the mix right away.
You may leave this brand to another, they simply will look at your trade value, and the pay off. Now, I have found that if I stay with Honda, I'll more than likely get more for the honda trade than go to another brand and trade... but that is not always true.
Many times, they are pretty willing to get you out of your lease, considering your only 6mths way, and get you into another lease, its just another trade, When I went to evaluate my 06 accord as a trade, they were all over me, trying to get me out, though my mileage is off, they kept making me feel comfortable that I was fine, and I am lucky I drive a Honda, and it has so much value. But, definitely explore other options out there.
It really isn't that complicated, just get the quotes via email through the dealerships, than work through that, research the best sale price, lease rates!!, and of course research that car. and you'll be just fine. Just knowing all of this will help you know what is right and what is wrong.
Good Luck, and keep us posted.