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Comments
However, if he had leased and put $8K down, he would have lost the entire $8K and gap insurance would not make any difference since there would be no gap to cover on the lease payoff.
I have been looking at the following cars,
1. Accord EX-L 4cyl Navi Sedan- biggest bang for the buck! Biggest Value!
2. VW Jetta-Many options available on all trims.
3. VW Product-many models to choose from, passat?
4. Acura TSX-really almost off the list, due to overall cost.
I think that if you can get a $0 drive off deal for around mid 300s like robcast2 did, I'd pull the trigger on it. Otherwise, I would go with the TSX.
the tsx is off the list because of the overall cost? how so? People keep saying how expensive this and that...I'm leasing one...its not that expensive. Its cheaper than most of the Accord quotes I've been reading here plus its got a longer warranty.
Current lease and national offers are going to be changing today! The Honda website
shows no current offers right now, not even a standard offer they had up before.
2 dealers did tell me that they are waiting for the new numbers.
I hope Honda got smart and put in some good rates to get the accord moving.
FEATURED LEASE: Closed-end lease for 2008 Accord Sedan EX Automatic Transmission (Model CP2678JW) for $239.00 per month for 36 months with a $2,065.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,899.00 total due at lease signing (includes first month's payment, no security deposit, AHFC upfront acquisition fee and capitalized cost reduction. Total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.
I did have one question: what benefit is the $2065.00 capitalized cost reduction for AHFC super preferred credit tier? Aslo does this lease include the EX-L models or no?
Thanks. Not sure about leasing the Accord at these prices.
My youngest son was the most disappointed--he like the car.
Brad
3 yr/12k miles
down payment $1000
monthly payment $385
I went from a gas guzzling Ford Expedition to this *HOT* car! It is FAST compared to my SUV. It's got the leather, heated seats, dual climate control, sunroof, etc. I can't wait to get back in it tomorrow! I calculated on www.fueleconomy.gov that I will be saving $163/month in gas ALONE! Also, I hear that gas prices will be $4 this summer. Ah!
I was going to put down $2k on the deal, and even get my payment down to $282, and with a navi model, I can get $324 a month. $1,000= -$20 or so.
Now, the quote for the $282 a month used a sale price of $200 under invoice. Same for the navi model.
I think you literally just gave them a $1000 and then some on that deal.
what was your sale price? Any other hidden items not mentioned.
At this time any deal on a sedan should be around invoice..
Sorry to down your deal, just thought I would point that out.
Well, its not the worst deal,not real good
Also, Whats with Honda not offering a better deal, the dealers told me they just offer a lower money factor, but not by much though... Its getting a little old.
They might lose me..... probably not, but seriously.
Then I come across this internet deal for a 2008 Accord EX-L 6 cyl WITH Nav for $288 a month for 36 months and the same down.
Without actually examining the two deals closely, what do those who have more experience with leases, think would be the reason for the similarities in price for vehicles priced at least $2500 apart?
The colors are the same, but the car without NAV has a rear spoiler and a few more options. The dealer discounted the price to where I mentioned before $24,889. The car with NAV has a MSRP of around $28,500.
The dealer no doubt is getting his money from somewhere and that would probably be me.
Thanks, Brad
Find out how the payments were calculated. Are they even the same mileage allowance? They cannot just create payments randomly.
Maybe the EXV6 deal is just a bait and switch ad for one car that they will tell you is already gone if you try to get it. Maybe there are extra fees that are not disclosed in the ad for the lease.
SALE PRICE:
The navi is 25851 and the EXL is 23863.
So fare this is the best offer yet for me. I think it is rather good.
I got another quote this week from a local dealer, and their off by a bit on their offer compared to this, its a little high, and they keep countering with no lowering at all, even though I forwarded this quote to them, so I told them to forget it.
I pay $318 for my current lease, I am sure I can get them to be under $318 slightly for the navi model which is great! $2,000 isn't too bad. Is it worth it for me, yes.
Definitely take your time in researching, a dealer would easily pull a trick really fast, the more you know, the better your off. Like lying to me about being under invoice when their not. After all of this, you'll have peace of mind, and have a great deal.
The worst quote I got said, $26,261 is $200 under invoice for the navi model.
How much are they off?
It doesn't matter if the monthly lease payments are higher without a cap reduction because the money you would have paid in advance will be available to you to use towards those payments and will even earn a little interest.
Now putting a ton down on a lease is not such a good idea, but within reason, I think it makes sense for those who want a more appealing payment.
It's easy to figure if it is better to put more money down or higher payments, since you get neither back. Just substract the lower payment from the higher--multiply the difference by the number of months and see if the result is more or less than the difference in the down payments.
I came home with a car last night to show my wife and the dealership swore if I did not buy the car today that the "steal" of the century would not be offered tomorrow. I had a hard time determining if they were serious because the deal was good, $3999 off the price of the car including options ($28,872) for 2008 Accord EX-L, 4cyl, auto w/out nav. The options totalled about $2000 so in essence I felt I was getting the options for about $500. The price was $24888 plus TTL. The dealership inferred that they mispriced the car by $1500 or so. I tend to think they were just using their well polished sales tactics.
Anyway I wanted a lease but my wife being the level headed one in the family, said where does the $3000 extra that we spend on this car go. $337 a month for 36 months with $2000 down plus at the end of the lease the car has a residual value of 61.1% or 16,300. Is that good or not so good?
So I guess I am out of the market for awhile and I will keep an eye out for used 2008's.
Happy shopping.
Brad
I am still thinking of when to buy, and then what color I want, I want the best looking color for the car. Most dealers are telling me black/black with navi are what they have in stock. I am beginning to think that would look really sharp with a spoiler, tinted windows. I am also getting the illumination kit for the front foot wells.
I am going to stick with the dealer that seems to give the time of day to me, and friendly, and doesn't try to boss me around. I should have to feel pressured, or lied to when I know all the numbers, and what I should be getting for the model.
I'll probably make a move when it finally warms up.
Can you please post the residual and MF for March for the Accord Coupe, Auto, EX-L V6 both with and without Nav for 12k miles for 24 months and 36 months.
Thanks
Gregg
2. request quotes for a lease
3. Tell them $0 Down at first, if you want to put down $$, then wait til the end.
4. Work on sale price, Invoice on sedan, or $250 under like I got.
Then go from their, decide which is best. Don't spend too much time to those dealers who play games, it is not worth it. Don't accept the fist offer, because chances are, you can do better, time and research are key, inform yourself, that way you'll know what to do. Really it is a simple process, but dealers like to complicate it, and make it feel so overwhelming. That is not worth it.
Not all dealers are bad, some will totally work it all out for you.
This has all been successful for me, except I have not leased it yet, I am waiting a bit longer, but soon!
Good Luck.
I am pretty satisfied with the quotes I have gotten, so really, I am thinking of making a deal soon.I just got to decide when.
Not too bad, but the lease rates aren't really good, just standard.
It is still less a month than a sign and drive EX-L no navi. I just want my payment lower, so I am putting the 2k down. I know its a lease, but it is my choice and 36 months is a long time to live with a payment.
I have gotten $282 with 2k, standard lease for the EX-L no nav, that seems really attractive, but I feel I should go ahead and get the nav, have a little fun, I am used to paying the $312-330 anyway, so why not... but going lower is very appetizing!!
I just saw a really nice high quality mesh grill for the sedan, and it makes it look awesome, not tacky, I love it, looks great on white, probably amazing on black.
But, really how much better can I get, even with amazing lease rates, probably not too much more, better, but not alot. We all have to expect that we won't see amazing lease rates this early in the 08 season. Not til toward the end of the cycle. There is no way they would do that. Oh well. I am going to pull the trigger soon, I am getting anxious.
Also, never, NEVER put any $$ down for a lease, as many posters have commented. A major benefit of leasing is NOT putting $$ down.
Your right, but we have already stated our reasons for putting $$ down on a lease in previous posts. It is a matter of opinion.
Try Rosen in Gurnee...I have bought 4 cars there in four years..Put a call thru to Ralph in the F and I dept.(a 40 year sales veteran) He will direct you to a solid rep. I got prices I did not see in any other area dealer.
Thanks in advance, Keith
I got a quote, I need you guys to tell me if I should just pull the trigger!! Is this offer really good or just fair??
I have been offered $318 a month!! $400 Under Invoice!! With $2k Down!!!
36mth, 12k, $2k down
$318 a mont
Let me know!! 1 dealer has offered me this, and the others told me it wasn't possible!
Do you think I can go lower, but I have really pushed them though!
Let me know!
I am told that I need about $400 or so more for taxes on that.
Let me know what you think about my offer and what I should do....
Now this dealer is asking me to put down a deposit and said taxes are included in the payment of $318. I had to really push for it, but I want anyone's opinion of it.
Thanks guys!
My 06 EX V6 monthly is $308 for 36 mo, 15k miles yr. and I'll be needing another new vehicle later this year. Based on the current lease/finance program from Honda, I'm afraid the increase for me to have the same level Accord might not be worth it. Hopefully things will change as the year progresses.
It doesn't seem like any add ons, except for the mud guards. I wanted a spoiler, but they won't add that on, without cost, since I already got a big discount.
Are you trading in your 06 Accord? Is your lease up? I am really stuck between keeping my 06 or getting the 08, but I have to remember that I am leasing, and that is the joy of leasing, being able to trade often. This will be my second lease I have ever done.
I am able to get an Acura TSX NAVI for $324 with $2k down.
Or get the Accord 4cyl, NAVI for $318 $2k down
They pretty much tied..... Now I got to make up my mind!
Which would you guys pick! I am lost. Which is a better?
Look above the posts and you'll see my quote for $318 with $2k down on a 4cyl navi, so for $2k more on the car price, I could get the V6, so therefore at about $40 more to the payment, therefore bringing it to about $358 or so.. close to that range. but tack on the extra mileage. So work on your down payment, and remember to work on the price of the car. I got $400 under invoice, so I think you have a little more room to work with. I have been doing all my negotiations via email. Your close, but I think you should work on it a bit, not too bad.
I just think you should either work on the down payment a bit, get it a littler lower, and make sure your getting a good price for the car.
Perhaps $2500 or so, not the 3k down.
You've got a good start.
Ya, I bet I can get a bit lower in payment than $324 for $2k down for the TSX with navi,
but I got to thinking I really like the room in the Accord, and I am usually the one to take my family places, grandparents,not too much,but enough, so having that helps. I have the 06 accord, and if the TSX is the same size as the 06 Accord, then I would probably look at the TSX even more closely, if I wasn't concerned about 4 doors, than I would totally get the Accord Coupe, which is just plain HOT! It is nice having the doors there.
I really like the Accord, and for what I get literally being paying the same payment as my current lease and have navi the whole deal. but with $2k down. Its not too bad, if you down to good price. I'll just continue to browse.
I am waiting til April, I have no time to look and trade. Hopefully an incentive.
I emailed my dealer that I wasn't leasing until April, but he never emailed me back to acknowledge that I emailed him. I am at the deal for $318 with tax, with $2k down, the 08 Accord 4cyl, Navi. That is not bad, because if you think about it, the tax is atleast 15-30 more on the payment.
Thanks so much! :-)
The manual may have warned against not using premium for 2004/2005 models.
Your warranty will not be voided by using 87 octane on a 2008. You just may not get the last few horsepower at the top end of it's performance.
"As before, the 2009 Acura TSX is available with either a six-speed manual or five-speed automatic transmission, and the only engine remains a high-revving, 2.4-liter inline-4 with a 7,100-rpm redline that prefers premium fuel."
The only thing that matters is what's printed in the manual.
Even that article doesn't say you must use premium or the engine will be damaged and you will void the warranty.