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2013 and earlier-Honda Accord Lease Questions
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2012 Honda Accord LX
36 month lease
15,000 miles / year
$1,700 up front (includes first month payment, tax, inception, etc. dealership was not really clear on the rest)
Monthly Payment (after tax): $290
This is in Miami.
Also important is that as part of this, the dealership would be buying out my 2010 Ford Fusion which has 75,000 miles on it...and has $9,000 left on it (to pay off).
Thoughts?
THANKS!
don't ever talk to this dealership again. they are laughing at how stupid they think you are. good thing you have friends here on Edmunds.
your lease should costs you maybe $200/mo with $0 down
i got an SE last month for $212/mo, $0 down and 15k/yr
You are paying almost $5k more for the LX which costs about $2k less than my SE. so unless you are selling your Fusion for $2k......
Piece of advice, negotiate the sale separately from the trade in. don't let the dealership know that you have a trade-in, because they always will merge the two together and you will always do worse off.
if you can't get sale price on your accord lx less than $19k, then call someone else. The lease is based on selling price, minus residual - which is set by honda financial (based on term and mileage). I actually flew from michigan to Baltimore to buy mine (save me $2500 and well worth it)
I leased an LX for $0 down $149 a month, 36 months, 12,000 miles per year at the end of April. Around $1600 taxes, tags, dealer prep up front, Honda paid first month and free oil changes and car washes. Now they raised it to $179 a month at this dealership. I know you are in Florida but I wanted to let you know what is happening in other parts of the country.
He's also located in New York where GAP insurance is required by law.
Anyway I found Honda of New Rochelle to be a joke with their "we'll beat any prices, but they never do"
Call Plaza Honda, their leasing department offered me a one pay lease of $5780 all in (transfer of plates, not new plates) (27 months, 15,000 mi/yr, so 33,750 mi total). Don't call their regular sales department, they are garbage and refuse to even give you a quote via email, but the salesman from the leasing department was good. I'm going to pick it up on Thursday, hopefully it goes smoothly.
http://www.leasecompare.com/autolease101_6.php
GAP doesn't cover your downpayment...
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If you lease a $20,000 car with 0 down, your pay-off is $20,000 when you drive off the lot. If you pre-pay $5,000 (payments upfront or down payment) then your pay-off is $15,000 when driving off the lot.
GAP only covers your obligation to the lender.
The deal looks very good though.
Anyway, does anyone knows why dealers push this "one up front payment" lease? Why would they care? They get their sale price not your payments, those go to AHFS.
$317/mo after taxes, etc.
Toledo, Ohio
The MSRP was $28,500 but the dealer listed the cost at around $25,500.
Hope that helps someone. The event at my local dealer is supposed to end Monday. We went to look at swapping our Civic for a CRV, but the leases on the CRVs are just terrible compared to an equally priced Accord. The new CRVs are awesome though. Our quote on the CRV EXL was $460/mo...MSRP was $29325.
It's all about math. With rates as low as they are today it is harder to justify pre-paying. Looking at the EX special of $270 @ 36mo., if one were to pay the depreciation of $8959 up front, they would save $14 - $15 a month or roughly $500 over 36mo. Worth it to some. Not to some.
MSRP: $22,280
Cost: $17,790
residual: $13,149.90
Hamilton Honda - New Jersey
I don't see them offering this deal at this time. I leased at the end of April.
Since you didn't break down the $1645 one can assume approximately $945 is down payment or doc fee (either way it works out the same) $595 acq fee and $105 New Jersey registration (avg).
It was $249 Doc fee
$595 Bank acq.
$723.79 listed as Rent charge? Is this tax?
NJ reg. - not sure of the total
My total cost for 36 months is $7009 plus free oil changes and car washes. I'm happy with my deal.
This is a newer dealership and they want customer loyalty. This is what I was told.
The rent charge is the interest portion of the lease payment. Being a lease they can't call it interest but that's basically what it is.
Car_man
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Car_man
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2012 Accord LX 5spd
$0 Down, dealer paid all inception fees
35 Payments @ 195/mo
12,000 miles / year
Thanks
2012 Honda Accord Coupe EX-L v4 without navi
Price: $23,900, includes mud guard, wheel locks and trunk tray
Rate: .00065
Residual: .53
Adj Res: $14,943.35
Doc Fee: $80
Govt' Fees: $261.75
Taxes: $814 (7.75%)
This is with $3,000 down, 12,000 mi/yr. Payments would be $245.08/mo after taxes.
Car_man
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The selling price looks excellent as well. I believe that is below dealer invoice minus the $1,250 dealer cash that is currently available on this model.
The only think that I don't like about this deal is the large down payment that you are making...and that isn't as much a reflection upon how good a deal you are getting as it is a matter of personal preference. I always advise consumers not to make large down payments when leasing. Those who make them risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. It's much safer to go with a zero down lease.
Again this is a good deal, but try to lease with a lower down payment.
Car_man
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2012 accord sedan EX
3 year lease
12k miles per year
$0 down
$296/mo (includes all taxes and fees for PA/Philly)
Would you be able to share the updated Money Factor and Residual for a 2012 Accord at 36 months/12,000 miles in Massachusetts? I heard the programs were changing as of July 10.
Many thanks!
Was planning to approach them but am sure there is a catch here . They mention the
25% off promotion only available to customers who qualify at Super Preferred or Preferred tiers through primary lender. Not sure what super preferred score is. Wonder if anyone has leased from here and if so could you pls share experiences pls.
Cheers
The add does not look real to me though. If this is a program from Honda it would be available at any dealership.
You definitely do not want to lease this for 39-months...its special lease money factors are only available for up to 36.
When negotiating your car's selling price shoot for a selling price that's pretty close to dealer invoice minus the available $1,250 dealer cash.
Car_man
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There is $1,250 dealer cash on this car right now.
Car_man
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Car_man
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Also, can someone please provide the residual value and money factor for 2012 Accord LX Sedan?
Thanks
Thanks!
2012 Honda Accord EXL Automatic Sedan for 36 months with 15,000 miles per year:
With $1000 out of pocket, your monthly payment would be $290/month including tax.
With $2000 out of pocket, your monthly payment would be $260/month including tax.
With $3000 out of pocket, your monthly payment would be $230/month including tax.
Thoughts? Advice?
http://www.weymouthhonda.com/lease/?&leasetype=2&code=CS1B8CJNW&view=detailed
A price comparison for you from Ohio. Scroll down this "specials" page to see your EX-L model. Then add an additional $17 per month for 15k per year vice 12k. Your initial prices are high IMO.
http://www.vosshonda.com/specials/index.htm
Honda Finance's current lease money factor and residual value for a 36-month lease of a 2012 Accord Sedan LX with 15,000 miles per year are .00046 and 54%, respectively for consumers who qualify for its "Super Preferred" credit tier.
Car_man
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Need mf and residual for July on lease for EXL-V6 (msrp 30400), excellent credit, 12k per year, 36 months
THX
2012 Honda Accord EX Manual Black on Black
MSRP $25,195.00
Discounted Price- $21,424.00
Absolutely no money down
36month/36k
$240/month, or $255/month with the wing spoiler I wanted
Wheel lock and mud guards both included (installed)
My question is if this is a good deal, how can I convert the same to a Purchase deal (as in no lease). I have great credit, so what can I expect my monthly payments to be if I purchased it? This is my first new car im leasing/purchasing, so I'm a little scared to go to the dealer and work out the contract (not confident I will get a good deal) :confuse: . Any insight is greatly appreciated.
240 is a bit high for an EX manual. try using this:
http://www.leaseguide.com/calc.htm
you will need the money factor and residual % but you should know them anyway if you are leasing (first timers especially). I doubt the spoiler is being residualized so you are paying for it entirely in the extra 15/month. Makes no financial sense unless you are a teenager and this is your p-mobile. good luck...
I am not a teenager. I just graduated college and have an engineering job, but I'm still debating between leasing and buying. I drive close to or less than 10k a year, and I dont beat the hell out of my vehicles. I seem to change my mind every day. I know about their graduate program they have going on with the 0.9% APR for 36 month purchase, and the 1.9% for 37-60 month purchase, which seems to be quite a good deal. I can still keep relatively low monthly payments, with little to no money down.
Thanks for the response, and let me know if that 240 (being all inclusive) is good. Would the dealer keep that sell price if I decided to finance a purchase? I would think so.
I get a pre-tax monthly of 229.46 using a 595 acq fee and all other numbers from your post. Did you include the acq fee charged by honda Finance?
Re the price: Pricing for a lease vs a buy could be different depending on the current incentives; sometimes there is lease cash vs a lower loan rate for a purchase - it depends. Not knowing your tax rate (state) and the bs fees they MAY be adding on, it is hard to tell. Overall, any time you can lease for less than $10 per $1000 of MSRP on a standard 3/36k lease, that is a very good deal.
$209 including 7% sales tax and honda paying first month.
$0 down. First payment in 31 days. 35 payments.
Gwinnett Honda. Contact internet sales.
They didn't like giving me the deal but they were easy to deal with and treated me nice.