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2013 and earlier-Honda Accord Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi iontrap. Honda Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Crosstour EX-L 2WD with 12,000 miles per year are .00020 and 51% for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • powashiftinpowashiftin Member Posts: 1
    Picked one up yesterday.

    2013 Honda Accord Sport
    $550 up front (includes 1st payment)
    $340/month 36 months
    18k miles a year

    I used Weymouth Hondas lease calculater and negotiated from there.
  • jeff7800jeff7800 Member Posts: 6
    $1177 downpayment = license, registration and destination charge
    $0 cap cost, $0 first month payment

    35 installments of $288 (w/tax $304)
    15k miles per year

    MSRP: $23,270
    Residual: $14,194
    Total lease payments (pre-tax): $9,975

    National advertised deal was $310 per month +tax, plus about $20 per month for extra mileage. Seems like I got a good deal, Car_man what do you say?
  • jmb1891jmb1891 Member Posts: 3
    2013 Accord Sedan LX CVT
    36 month, 12,000 miles

    MSRP: 23270
    Gross cap cost: 21414
    net cap cost: 20510.85
    cap cost reduction due up front: 903.15
    residual: 14,427.40
    $2200= total due at signing including acquisition, dealer fee of 595 I think, tag, title, cap reduction

    Monthly= 223+tax= $239/month

    I'm in the Orlando area but this is from a Tampa dealer I have used previously.

    Doesn't seem good. What says the forum? Dealer insists this is bottom line awesome deal. Will not eliminate cap reduction costs. I think with cap reduction eliminated and but with same net cap cost would be a good deal.
  • ctal1234ctal1234 Member Posts: 20
    edited January 2013
    Two questions:

    1. What are the residual and mf for a 2012 Accord EX-L V6 non navi? Any dealer cash, etc? 3yr/36K.

    2. What are the pros and cons of leasing a 2012 EX-L V6 vs a 2013 EX I4? I would hope to get a similar price on either.

    I have a 2010 EX-L i4 that I like, but the lease is up in 6 weeks and I need to figure out what to do next. I am tempted to lease a 2013 EX and, assuming the resale will be high, try to trade it in on an EX-L in a year if there are better deals. On the other hand, the leather and V6 are compelling and I don't mind having a 2012 for three years.

    The payments I see reported here on 2013 EX-L leases are c. $60 more than what I'm paying now ($289) and I'd like to stay under (or at lease close) to $300 without a down payment.

    Also, my 2010 is in good shape with just a few parking lot dings, and I'm 11K miles under my allotment. Can I expect to get anything on a trade?

    Thanks! I appreciate any advice I can get.
  • gee22gee22 Member Posts: 82
    The most notable differences between the two are the gas mileage and acceleration. You'll get decent mileage and great acceleration on the 6 and decent acceleration and great mileage on the 4. Then I would just compare the features and decide what's more important to you. Would you rather have a backup camera in the 2013 and give up leather in the 2012, etc? It's not what others think, it's what's important to you.
    Forget about trading in your car in a year. You would be terminating a lease two years early and that is really expensive. If you found a dealer willing to take your car, you would be paying through the nose for your next car. Besides, its very counter intuitive to think that a 2013 EX could have an exceptionally higher than anticipated resale value in 2014 and yet they would discounting the 2014 EX-L you want to lease. I'm willing to bet that whatever car you will be leasing next month you will be driving for three years.
    Good luck
  • zoomerdudezoomerdude Member Posts: 5
    Anyone know the January 2013 money factor & residual for a 2013 Accord EX-L Sedan Navigation 4cyl at the super preferred tier with sign & drive?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ctal1234. Honda is not providing lease support on the 2012 Accord any longer. Chances are, if you want to lease one that it would be less expensive to go with a 2013 model.

    Though the dealer cash that's available on the '12 might help to offset some of that. There's $2,750 on the '12 Accord Sedan EX V6 right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi zoomerdude. For some reason, I think that your username is really cool :shades: .

    Honda Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L 4-cylinder with Navigation and 15,000 miles per year are .00155 and 56% for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • zoomerdudezoomerdude Member Posts: 5
    Thank you, and.... thank you.
  • torombolotorombolo Member Posts: 5
    Picked up a 2013 Accord Sport in December, from Weymouth Honda, MA.
    Annual 15,000 miles
    Payment $ 303.10 x 35 months (includes CT Tax)
    Down $ 0 Sign and Drive.

    Adjusted Cap Cost. $ 23,251
    Residual $ 14,988

    Paid 175 at the DMV. I had to register and get plates. Out of state sale.

    Best Car buying experience ever from these guys. Simple, straight forward and absolutely NO-runaround. I was there less than 1.5hr.

    Hope that helps.
  • brian125brian125 Member Posts: 5,244
    How much below invoice did they go for you on a lease??

    23 Telluride SX-P X-Line, 23 Camry XSE

  • zoomerdudezoomerdude Member Posts: 5
    How did I do? 2013 Accord EX-L Sedan Navigation, 12,000 miles, sign & drive (zero down) 36 months: $399 per month.
  • zoomerdudezoomerdude Member Posts: 5
    ...4 cylinder
  • pegasus17pegasus17 Member Posts: 536
    http://www.weymouthhonda.com/lease/?model=Accord%20Sedan&trim=EX-L&code=CR2F8DKN- W&leasetype=2&view=detailed
  • zoomerdudezoomerdude Member Posts: 5
    Weymouth: $402.69 including 6.250% tax

    Me: $399 including 6.75% tax

    Think I did ok. Thoughts?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome zoomerdude.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • barkowbarkow Member Posts: 5
    Car Man, can you give me the same details as above for a honda ex l v6 with Navi Miami Florida 7% sales tax please
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi barkow. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L V6 with Navigation and 15,000 miles per year are .00155 and 57% for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pegasus17pegasus17 Member Posts: 536
    edited February 2013
    ref: 4947
    Might want to investigate the vibration issue with the VCM on the new Accord V-6 engine before jumping on that lease. Many complaints.
    read post 98:
    maxgts1, "Honda Accord 2013+ Maintenance and Repair" #94, 17 Jan 2013 9:54 am
  • migrainemigraine Member Posts: 21
    Hello Car Man,

    I would appreciate it I you could post the same info for a EX-L V6 with no navigation and 12,000 miles/ year.

    Thank you.
  • hondarider2hondarider2 Member Posts: 4
    Hi,
    Can you please tell me the residual value and the money factor for February, for 2013 Honda Accord EX 4C sedan, 12K/yr, in PA?

    Thanks!
  • solsti88solsti88 Member Posts: 1
    Hi everyone please help me get a great deal im not to sure how all this works but I was able to get 2 reasonable quotes but the sales men confuse me with the out the door value and the so which deal is better please help I must decide soon.

    2013/Honda/Accord/EX--MSRP $26,195.00--YOU PAY $24,395*
    *Price EXCLUDES taxes, tags, and dealer fees
    Your total Out the Door is; $26,801.06 Includes window tint
    Lease Option
    - 36 Month Lease
    - 12000 Miles Per Year
    - $500.00 Total Out of Pocket (Includes first payment, tag and fees)
    - 35 Remaining Payments of $360 tax included (Based on Miami Dade County tax)
    ---or---
    - 36 Month Lease
    - 15000 Miles Per Year
    - $500.00 Total Out of Pocket (Includes first payment, tag and fees)
    - 35 Remaining payments of $375.58 Tax Included
    Why doing business with Rick Case Honda?
    - 10 Years/100,000 Miles Warranty,- 5 Years/24 Hours Road Side Assistance- Free Car Wash for Life- Discounts in Parts, Service and Accessories
    ----or-----
    msrp $26,801 --- I pay $23975
    26319 out the door tag includes tag title and fees
    365.58 monthly
    15k/yr
    $500.00 due at signing
    36 month term
    window tints, free car washes, coupon booklet for oil change and service discounts, normal factory warranty and also comes with a free 4day cruise for 2 ppl on carnival

    this is the one that confuses me yet it is the cheapest I think can you guys help me


    MSRP: $26,195.00
    Adj. Market Value: $26,195.00 what does this mean?
    Discount: $2,158.07
    Vehicle Price: $24,036.93
    DMV Fees: $372.49
    Dealer Service Fee: $699.00
    First Payment $338.13
    Delivered Price: $25,446.55 out the door right ???
    Lease Monthly
    Out of Pocket 36 mos.
    $745.62 $338.13
    Annual Miles 15,000
    Residual $15,717.00 how does the residual look is it good ?
    now this dealer does not give you any perks no tints no roadside only first oil change free is it really a good deal Im not sure but the monthly payments are very low. is that a good thing? even if the due at signing is $745. it is still the lowest out the door

    Help me please!!!!!!!!!!!!
  • huskerfan5huskerfan5 Member Posts: 165
    I'd like to help you out, but first you need to take some initiative as opposed to throwing out a bunch of numbers many of which you do not understand. For example, you provide a "Delivered Price". Did you ask the dealer what that represents? It certainly isn't an out the door price. If you take $25,447, back out the $372 DMV fees, that leaves $25,075. Back out the 7% Miami Dade tax (would have been considerate of you to provide your tax rate instead of me having to look it up), and the cost of the car would be $23,435. Well, if you can get it for $600 under invoice, buy a dozen, then go to the Prices Paid board and sell them all at a nice profit to others who are looking for an Accord.
    You're also the first person to ask whether a residual is good so I'm guessing you're not familiar with what a residual represents or how it impacts the monthly lease payment.
    Please do a little research on the web regarding how leasing works, learn about capitalized costs, residuals and moneyfactors, then get a breakdown of the numbers from these dealers and I will be happy to advise you.
  • nvnick1nvnick1 Member Posts: 9
    Car Man -

    Can you please post the 10k & 12k residual & money factor for an Accord Sport 4 door? Are they the same for the six speed manual & the cvt, because I haven't decided on which I want at this time.

    Thanks Car Man!
  • cuban1cuban1 Member Posts: 22
    edited February 2013
    Car Man.

    Just looking for Feb. residual on 2013

    Accord EX-L 4 cyl without navi.

    15k miles per year

    Thanks in Advance.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi migraine. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L V6 with 12,000 miles per year are .00155 and 59% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go hondarider2. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX 4-cylinder with 12,000 miles per year are .00155 and 62% for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi nvnick1. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan Sport 4-cylinder with 12,000 miles per year are .00155 and 61% for consumers who qualify for its top credit tier.

    The type of transmission that the car has does not have an impact upon its lease program.

    If you can do a lease with only 10,000 miles per year, its residual value would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey cuban1. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Accord Sedan EX-L 4-cylinder with 15,000 miles per year are .00155 and 58% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • abduhlaabduhla Member Posts: 4
    edited February 2013
    I got an offer from Planet Honda, NJ.
    2013 Accord LX 4door
    39 month lease
    159/month
    18c/mile over 10k/year
    2500 due at signing. Im sure this excludes tax, title, etc.

    Not worth it im assuming?

    My credit is 810. Should I demand 15c over 12k/year and 1200 at signing?
  • hondarider2hondarider2 Member Posts: 4
    thank you Car_man! for the same car, what are the residual and money factor for a 24 months lease?

    Thanks!
  • pegasus17pegasus17 Member Posts: 536
    REF: 4960
    Overall not a bad deal but you should reduce the down and pay more per month.
    $239 per month with zero down is reasonable. For comparison only, scroll down to find the Accord deals:
    http://www.vosshonda.com/specials/index.htm
    You can check weymouth for a similar deal. No incentives on Accord lease at the moment...
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome hondarider2. A 24-month lease is going to be more expensive.

    Honda Finance's February buy rate lease money factor and residual value for a 24-month lease of a 2013 Accord Sedan EX 4-cylinder with 12,000 miles per year are .00155 and 69% for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • huskerfan5huskerfan5 Member Posts: 165
    Interesting, the Planet Honda website has a too good to be true ad for an Accord at $169 a month with $954 due at signing. Must be with a third party leasing company that charges ridiculous turn-in and wear and tear fees.

    I'm sure you could negotiate a much better deal than the one they've offered.
  • abduhlaabduhla Member Posts: 4
    Hey Thanks A lot man. I would have never found that.

    Now the thing is that I currently have a lease that is over miles with Honda. My fear is that once I go to exchange the car for a new lease, they are going to use the overage against me in negotiations.

    Maybe I should sell the car to a third party, pay off AHF and then start fresh?

    Still researching my options.
  • dat2dat2 Member Posts: 251
    You could also try taking your car to carmax or a similar business and see what they'll give you for it. It's a quick and painless way to get rid of a car. They'll give you a 10 day quote and then calculate your mileage overage to see if selling it to carmax would be a better deal compared to mileage overage and possible wear and tear charges. Good luck!
  • jrosssterjrossster Member Posts: 1
    Hi all,

    I saw a link tot he Weymouth lease calculator on here. How accurate is that? what is that pricing based off of? is that best case price? I never saw a dealership have something like that available.

    Thanks!
  • hondarider2hondarider2 Member Posts: 4
    thank you Car_man!
  • pegasus17pegasus17 Member Posts: 536
    It's balls on to the penny. click on the details link embedded in the page to see all the gory details. It is the best and ONLY no fine print dealer page in existence (for now). Surprised they haven't "truecar'd" them yet.
  • pegasus17pegasus17 Member Posts: 536
    I just noticed that the weymouth pages display a LOWERED money factor for Accord leases.
    Was 0.00155
    Now 0.00125
    Makes a few bucks difference for us penny pinchers... ;)
  • cpz1cpz1 Member Posts: 5
    Hi Car Man,

    Can you please tell me the residual value and the money factor for February, for 2013 Honda Accord EX-L, V-6 Coupe, no Navigation, 15K, 36 Month, NY
  • pegasus17pegasus17 Member Posts: 536
    from weymouth web site (should be close):
    msrp $31,140.00
    Sale Price $27,596.66
    Residual $17,127.00 (55% of MSRP)
    Financing 0.00125 money factor
    36 months
    15k per year
  • cpz1cpz1 Member Posts: 5
    Thanks,
    Can you please tell me the residual value and the money factor for February, for 2013 Honda Accord EX-L, 4 Cyl. Coupe, no Navigation, 15K, 36 Month, NY
  • pegasus17pegasus17 Member Posts: 536
    edited February 2013
    Copied and pasted from weymouth site
    here you go:

    MSRP including destination $28,860.00
    Sale Price $25,612.01
    Residual $16,161.60 (56% of MSRP)
    Financing 0.00125 money factor

    FYI, you MAY be able to get the info from the weymouth honda site
    click "sign in to view pricing", leave the info blank and click "sign in"
  • willfinewillfine Member Posts: 6
    Can someone explain to me why the residual value of an Accord EX-L with NAV is 2% lower than one without NAV?
  • pegasus17pegasus17 Member Posts: 536
    Nav is an overpriced option (initially, 2000) that doesn't add much (only ~600) to the 3 year residual value of a car.
    without nav 17271 (msrp 28785)
    with nav 17855 (msrp 30785)
  • acfkelacfkel Member Posts: 18
    This information was received today from a local dealer. This doesn't look good to me. My monthly payment comes to $286 using the information below; not taking into consideration taxes and fees or any possible dealer incentives/rebates. Any feedback?

    2013 Accord EX
    MSRP - 26,195
    Sale Price - 24,236
    36 months 45k
    Sign and Drive - 337
    Money Factor - .00125
    Residual - 15,717
  • pegasus17pegasus17 Member Posts: 536
    i get 35 payments of 313 (or 36 payments of 304) using your data and a 595 acq fee. there are no incentives at the moment. The sell price should be closer to 23.0-23.5 k, not 24236.
  • acfkelacfkel Member Posts: 18
    edited February 2013
    Thank you. This individual is not being straightforward or telling me how they arrive at a payment of $337 sign and drive. They are dancing around my questions. Probably should move on, correct?
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