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If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
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Ashe
So what happened with the inspection of your car? What did they check? How long did it take? Do they tell you on the spot if you have anything billable? I would like to buy a new Accord the minute they are done with my inspection but don't want any surprises later on! Did you have your car detailed before the inspection? Did they ask for service records? If so I need to get my reprinted. I'm aware of what is on the Honda website but am interested in personal experiences...
Thanks!
When the lease was up in 2004, I just drove in, and dropped off the keys.. No charges..
So... get the pre-inspection.... then, don't sweat it..
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 22008 Accord EX-L V6 Sedan without navigation with 12,000 miles per year are .00300 and 54%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
According to my calculations, if you were to lease a 2009 Honda Accord Sedan EX-L 4-cylinder with an automatic transmission without navigation that has an MSRP of $26,925 and a selling price of $24,970 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $328. The payment for an otherwise identical lease with only 12,000 miles per year would be $314.
Good luck in your negotiations and make sure to stop back to let us know how everything turns out.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Now, the dealer might try to go back on their deal. Out the door I go. Its not worth arguing. Not when other dealers are more willing.
can you knidly assist me w/ a deal VERY similiar to Kim's? I want the same exact car and terms. Only difference is, can you give me the payment if car was sold to me at $100 above invoice? I think you assumed $500 above invoice for Kim's deal. Just to reiterate - 36 month, 15,000 miles, zero down Just first payment out of pocket. want tags and everything rolled in)., Accord sedan EX-L, 4 cyl, auto no navi. List $26,925. Thanks!
In looking at my paperwork and reading the posts, I'm trying to determine if my deal was as great or as back breaking of a deal as my salesman and sales manager made me feel I was getting.
I had a 2006 4 door, EX that I owed 10958.82 and the gave me 11,900 for it (which i think I should have got mroe for) and I ended up having $941.18 towards this lease, plus I put 500 cash down to lower the payment on this lease.
The adjusted capitalized cost of the car was 25,378.69 with a residual of 15,404.25. My lease was for 3 years, 15k a year for a base payment of 352.11 plus 22.89 in taxes for a total of $375/mo. I paid $500 cash plus the $941. from my trade that they applied into the deal. Orignally quotes they were giving me were 467/Mo for 3 years 12 mi year and I felt that getting them down to 375/mo for 36 mo with 15k miles year was a great deal considering where they started at with $467/mo.
I was in the Super prefferred tier and Im not sure what my money factor was. The paperwork aslo shows that 2177.95 was due at signing, but like I said, i did not pay this amount only the 500 cash down. Where it itemizes how this was to be paid they have listed my 941.18 from my trade and then 1236.77 in cash, which I DId not pay.
Please explain or help me feel good about my deal!
Thanks!
My lease for my Accord LXSE 2006 comes due in January 2009.
My residual is $13,325. The car has 26M miles on it
Is it true that Honda will not negotiate the price down (even in this market?) I was hoping that they would rather not have a used car to sell and work with me on a deal.
And if they won't work down the price...
If I want to buy the car, would Honda offer me a decent apr to finance? Or should I not even bother trying?
If I buy the car outright, would I get more than the $13,325 as a trade in for another car?
Would a Honda dealer make a deal applying the value of the car for a new one without me buying the car?
thanks for any advice you can offer.
Negotiating the price of the car at lease end is not an option, it is already set in the contract.
The loan APR will be determined in your new loan, going through American Honda Finance will increase your chance of getting a better rate, since you would be a returning customer.
If you buy the car, then trade it later, you could get more than the trade amount offered now, but not likely. That seems like a fair price for a trade. But, just to let you know, that you may trade your car in now anywhere you want. Meaning, you do not have to buy the car and then trade it. You can trade it for any car. They simply look at your pay off amount versus your trade in, as long as you owe less than your trade amount, you can successfully trade at equal or with some trade equity.
Yes, if you want a new Honda, they will use your car as a trade, and use any equity for that on your new lease. Take a look at your pay off and see how close you are to your trade in value amount, that will give you an idea of what numbers you would be look at when trading. You should be decent since your trade is a Honda. I see no problems. Just do not expect tons of equity to roll into a new deal, its a Honda, that will help, but be glad, because if you had any other car like a GM product, you would be far off. I see you breaking even on the deal.
Good Luck! I Hope your staying with Honda!
They worded it so that it seemed like the 750 bonus cash was only available this weekend. Did the dealers you spoke with mention how long the offer was good for?
Brian
Interesting how much used car pricing can vary for a similar mode/mileage. Must be something there to create such differences.
Here is the new lease quote for the 09 Accord EX 4cyl. sedan auto. Honda
lease: 36/12 K with $2000 out of pocket your monthly payment $250/mo. incl. tax
The 09 Accord EXL 4cyl. sedan auto : Honda lease:
36/12 K with $2000 out of pocket your monthly payment will be $273/mo. incl. tax.
Please keep in mind that the finance managers usually calculate the final payment with tax because there is interest that is involved in the lease. I may be off by a dollar or two.
Keep in mind that the 2k is fees (about $300 is cap cost).
Ashe
I am ending a lease on a 2006 Accord EX-L V-6 and I am looking at the 09, same model. I leased with 0 down, 36 months, 12k per year. Payment is $360 incl tax. Does anybody have any idea what a good deal is for a lease in PA (near Philly)? I leased with Sussman, and have done business with Conicelli, who had a Great Internet business, but it has been horrible as of late. Any information is appreciated.
Thanks to your sage advice was able to negotiate lease 3 years ago on accord ex 2005. I am considering buyout-"purchased 45k miles, used 28k. It is sedan/5spd/cloth/4cyl/no navi/clean. Buyout $10,700. Is this a mistake? Is there any way around paying sales tax again? I paid when leased the vehicle. I live in VA.
By any chance do you have the MF and RV on an EX-L V6 '09 Accord Coupe without Nav? I'll take with nav, too, if you have them as I'm curious what the different is. 15K, 36 months.
I'm starting to get some quotes from dealers and want to see what how good a price they're quoting me.
My lease on an '06 TSX is up in Jan. and I think it's going to come down to this car and an '09 TSX. I really like the coupe, but I wish it has the iPod integration.
I will post a similar question on the TSX message boards, as I need those #s, too.
Thanks.
I just wanted to share my post lease inspection of my 2006 Honda Accord EXL V6... It went like this...
Scheduled appointment one week ago...
Inspector called me when he arrived at my place of employment.
He introduced himself, as Steve from SGS?
He walked around the exterior of my car...took pics of the front, back, and sides.
Checked the tire tread.
Opened the driver's side door, took a pic of the odometer.
Asked me if the car had ever been wrecked...I pointed to the rear bumper cover and trunk...which he said "looks like they did a good job."
Printed a receipt for me to sign with a zero balance, thanked me for my time. I signed the paper work, and he left. The whole process took 15 minutes.
I had a chip in my windshield, a 6 inch scratch on my pass side mirror, cigarette burn hole in the right rear speaker cover, scratches on the dash and 5 hail dimples on my roof...
So that's it folks! Thanks to everyone for giving me some insight!!
Now on to the 2009 EX-L V6 - quotes are coming in for the leases now!
Brian
This is going to sound weird, but I saw my old 06 Accord I had last Spring that I traded in, I miss it so bad! I truly loved that car, I took a lot of pride in it!
I know it was mine, because I saw a chip in the hood that is identical, same place that mine had. I know it was mine. Also tinted windows. I want to see the new owner, their not as obsessed with it as me, as they park next to other people. I never park near any one to get a dent. When I go any where I try to get the best spot, even if it is cold or rainy. That car has 0 dents, 0 scratches, waxed, washed almost weekly(brushless), detailed. I know, I was a little carried away on it. I still do that in my newer lease, but since it is a car that I didn't want by choice, a GM car, plus I later found a dent on the car, Not from me, scraped the rear rim when I got it. I don't have as much pride in it. I still park far out, but too be honest, I wouldn't get as upset if it got dinged or scratched as my Accord. I don't think I got the upset about the rim. lol ya.
I plan to trade into a Honda product very soon, so I can have that kind of pride again for my car. I know its just a car, but I am into them! People call me crazy.Its all good.
36 months @ $226.10 with $1264 down (for $595 assignment fee and $660 down payment).
Residual value is $13,335 and annual miles is 12,000
This is on Long Island, NY
is this a good deal?
thanks!
:confuse:
This is what I'm shooting for, is it too high? Can I do better?
I'm going to have the dealer roll my remaining Ridgeline payments into this lease ($1500). I'm shooting for 36 months (35 payments) $0 up front, $300 dollars a month with a residual of 13779.
How does this sound? Can i do any better because it sounds good to me. They origonaly offered me a lease of around $440 for 24 months with no down payment and 2,200 in taxes and fees.
$1000 down to cover fees and first month.
$280 a month for the remaining 35 months.
No hassle easy transaction. The only thing is that Nissan introduced their holiday program I could have gotten an Altima 2.5 SL loaded for about the same with the same down (including first month and fees) but for 39. But I think that the Accord is a better car.
Got a quote for $355 a month for a base model Acura TSX.
36 months
10k miles a year
sale price is around $27,----
First payment due.
This is for a base model. Not bad at all. I am sure if you wanted the TECH package which is about $2k more, it would be closer to $400, still not bad!! This is crazy, They never offer a god deal within its first year. This will give you a better idea as for the best bang for the buck. For those who don't know, the TSX is basically an Accord, just take your pick.
I am in the Los Angeles area. I wonder if I could lease a top of the line 2009 accord V6 with navigation and leather seats for $240- $280 a month? I am interested in a 36 months lease with 12000 miles per year? How much should I put down? I would like the payments to be less than $300 a month.
Did someone get a good deal recently, please post?
Thanks,
leeina
09 EX-L Automatic 36 months 15,000 miles
$295 month including NY City tax of about $26/month.
Down of $595 plus about $450 for Doc and NY registration, plus first payment.
Dealer is DCH Paramus Honda. I requested quotes through Edmunds and DCH response was the most straightforward, although we were able to do better than the initial quote in order to be convinced to close the deal same day
Well, Since you want the V6, than stick with the Accord, but the TSX leases are attractive now. If you read earlier posts I think they posted quotes for this model.
You are not going to get less than $300 a month on that model, but I have seen $350 to $380 for the same lease specs. That is $0 down at signing, with first payment due. Although, I have had dealers have a sign and drive special, but the only thing they are doing special is roll the first payment into the lease deal, which is okay. Remember it is a lease, less complications, walk in, walk out. Dealers often try to throw you off. Read the earlier posts.
For every $1k down you subtract about $20-30 off your payment, and it DOES NOT go to the principal amount owed on the car. It is advised not to put money down.
When working a deal, leave the deal $0, then when you can get a good sale price, lease terms, and at that point you still want a lower payment, then put some down, but my advice is do not put too much down, as little as you can, keep your money for savings.
You need to go to Honda.com and request a quote, and you can get quotes from a list of dealers in your area, then work from there. They will contact you, always ask for $0 down, sale price, lease terns. Some will reply, some won't, but the ones you get, you can negotiate from there. It makes it easier. Print the offer and take it to the dealer, with contact name in hand.
Good Luck.
Is this what people are paying for a lease in the southern ca area for this type of vehicle? Let me know.
leeinla
I think you did pretty well, but this gives you an idea of how it affects the payment. I have gotten better quotes, but not too much lower. Be sure to look at your sale price, all fees, lease details. You would be surprised a little fee here and there adds to a bit more on your payment. Example, accessories, protection plan, extra warranties. Sounds like you did very well, and impressive since earlier on, this could not be done.
However, I would keep your $2k in your pocket, and just take the $60 or so a month more. If it really affects your budget that much (makes or breaks the deal), then a different car or lease might be a better option for you financially. This money down does not actually go to your principal. I think you'll feel better knowing you could use that $2k for something else, or invest it.
I think you did great, very exciting!
What color did you choose?
I have the residuals for LX and LX-P:
The residual on the LX is $13,557
The residual on the LX-P is $14,167
Anyone know the money factor?
Net cap: $25,998 [MSRP: $29,125]
Lease term: 36 months/36,000 miles
Residual percentage: 59%
Money factor: .00244 or .00305 [depending on preferred status or not]
Sales tax: 8.25%
What do you guys think? This would be my first time leasing, so I'm not sure how good [or not good] a deal this is. Thank in advance for all your advice!