2013 and earlier-Honda Accord Lease Questions

CarMan@Edmunds

Hi FlynHwn. If I was in the market for any Honda Accord right now in an area that has a decent level of competition, I personally would shoot for a selling price of right around dealer invoice minus any available cash incentives. Honda is currently providing $750 dealer cash on 2009 Accord 4-cylinder and $1,000 on 2009 Accord V6 models.

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musthavemy350z

Hello,
This is my first post and I hope it doesnt sound stupid..well maybe it kind of is but anyway here is my question. I just leased a 2009 accord LXP from a local honda about a week ago. It has maybe 150 miles on it right now. I do not want this car anymore I have a nissan 350z I have been trying to get for 6 months but could not get the payment I was looking for. So of course 2 days after I lease a new Honda the Nissan guy calls and is ready to deal. My bad for not waiting more than 6 months but any advice on how to get out of this lease would be helpful. Should I try and sell the car to a private owner? Beg the dealer to take it back LOL I must have this car it is a sweet 350z nismo jet black awesome car! I wish I knew how to attach pics I would show you what I mean, oh and for more information this accord is the 9th car in a row my wife and I have leased from the same Honda dealer.
Thank you

stevecar

I have 2 payments left on my Acura TL lease. I went to an Acura dealer to look at TSX and Honda dealer for 4 cylinder EX-L. Both dealers offered to pay my last 2 payments. When I questioned where the money is coming from, they said they would "cut me a check" from the dealership(both dealers are owned by the same people in central New Jersey).
I know that what is owed on the lease is full retail value so the money has to be coming from somewhere. I declined their offer and would rather wait until my lease is up in 2 months.
As we all know, the payments don't disappear. They are simply rolling the payments into the new car. Unless someone else has different information.
Please advise.

srq5363

Alex, I've been thinking the same thing. I'm looking at an EX or an EX-L (4) and, just as buyers should compare OTD prices between dealers, it seems like lessees should be comparing total $ payouts over the life of the lease. My question: have you tried this approach yet with a few dealers? I'm thinking give them an expectation for the price of the vehicle based on what you are seeing posted here, then ask them to give you an itemized payout that you can compare to other dealers.

XxHaimBonxX

How much a month? I am looking to lease an accord right now, although with a better setup. Provide details and if you willing to take care everything I might be interested. My email is xxhaimbondxx@usa.com. Thanks.

alexg456

I haven't tried it, but I tell you after driving around and visiting 4 dealerships, each of them was beating each other's deal. Basically, I told them I need 0 down, all fees and taxes rolled in (except DMV and plates, which they can't roll in), what's their best deal. They first came out with a high number. After I told them I got a lower price from another dealership, they quickly lowered $10 below the offer before. So, I started with Internet quotes in $375-$400 range, and now my best quotes are $349/month, including the dealership that initially gave me $400. Go figure. I think I'm getting into a reasonable price zone for EX-L now (39 month lease).

stevecar

Just be careful. These 39 month leases on 36 month warrantees can leave us all opened to three months of driving the car, having a problem to fix before we hand it back. Either Homda is going to lower the program to 36 months or extend the warranty by 3 months.

XxHaimBonxX

Today I got a deal without visiting the dealership for $345 a month, $500 cash (first month and DMV) 39 months,12K. I was worried about being out of warranty too, however, seems many dealership are eager to take the car earlier. I figure I would turn it in at 36 months.

XxHaimBonxX

From what I understood based on conversation with various dealers, some are simply paying the rest of the payments. Some are smart, they are buying it from the bank at a special discounted price, much less than the payoff amount, plus they don't pay any sales tax on it. They clean it up and then sell it for a few grand more than they purchased it. The last option is a win win for everyone.

stevecar

I considered that. Am Honda Finance may have an agreement that isn't publicized with the dealers.

XxHaimBonxX

Well, I figured out what my car costs if dealer buys it, 07 Civic EX is $15.5. However, they can sell it to the wholesaler only for $12.5-13.5 that leaves me 2 grand short. Since I don't want to cover the difference, the only other option is to pay the rest of the payments myself or have the payments roll into my new lease.

stevecar

I've done that before and you are paying off that old car for an extra 3 years.
Better off waiting until lease is up.

dolsey01

The Acura dealer where I am getting my TSX does not want anything to do with my Accord. Even if they have a special agreement with AHFS there must not be enough of a discount or the used car market is so saturated that they just can't make enough on it. Trade value on the car is about 13.5 but my residual is 15.5 so they would have to get at least a 2K discount to even have a chance on making a few bucks. So I will be returning it to the Honda dealer where I leased it and then it's off to auction. It's to bad because I was 15K below my allowed mileage and had $0 in damages from my inspection. It has been an A+ car. At least somebody will get a great deal on it.

bvdj84

That would be an extra $40 or a month that is not even going to the new lease. I would wait. I am in the same position, I want out of my lease, but I I know that I'll be upside down, so waiting is best.

XxHaimBonxX

Can you describe your inspection process. Although my Honda was financed through another bank, I understand that inspection process could be similar. I am personally scared that they will bill me for every scratch left on my bumper. Couple of them are deep. Civic's plastic and paint are made of crap, so it left a deep mark every time someone touched it.

dolsey01

Ours was painless. They guy who did the inspection really was not very motivated from what my wife told me. The car was pretty dirty due to extremely cold weather that week so car washes were closed. There are two spots on the car I was concerned about where it looked like a bit of clearcoat had been rubbed off and just the ususal little dings from parking lots. I guess as long as you have no "Major" damage and your inspector is not jerk, you should be all set. I was also worried about my tires but supposedly they are it 6/32 so they passed. With $0 in damages, he said our car was 1 in 20. Lets so how the final inspection goes when I return it to the Honda dealer because they will look it over too.

XxHaimBonxX

Mine wasn't financed through Honda, but through Hann who has a stricter return policy. They even list the nature of the damage that is okay by their standards, which is not much. Has to be like new. Also, with them I can't return it to the dealership, only at my house. And the guy who is picking it up is not an actual inspector. It will be inspected later somewhere. This is why I'm worried.

bvdj84

You'll be fine. Seriously, there were things on our car that we though they would nail us for and they did not even mark it down. The guy came to my work to get it done, and we did fine. Though we were over our lease, so we had to pay a certain amount for every day over. I thought that was crazy. It was our fault though, we waited til the last minute to trade. I didn't really want out of it. I now have an 08, but miss my other car too.

I am sure your paint is better than the 08 G6 I have. The clear coat is not forgiving at all. Wonder why you see most new and older GM cars lined with swirl marks all over?
Something is not right. A good clear coat and paint job will be able to let you easily buff out most lines, not create more.

Anyway, don't sweat it, you'll be fine, as long as your car is better than average, you'll pass.

jb_turner

You can sell it or trade it in and use that money to help pay your lease out.

XxHaimBonxX

Car sells for $12 or 13K. My buy out is almost $15. If anything, I will loose a lot. Just in case they decide to be anal, is there any way to dispute it? I am pretty sure that bumper marks should be considered wear and tear. It is impossible not to get any, however, they might not see it so. Anyone in the business?

XxHaimBonxX

It was financed through Hann Auto, and the rep told me there is no allowance.

Jack1234

I would never finance with Hann bank, of course hann will give u lower month payment, They will charge u a lot fee at the end of ur lease, they dont have damage waiver. Always go with american Honda finance.

XxHaimBonxX

It's too late for that. I didn't really know the difference between the banks when I signed. Not that the dealer explained me much.

bigdadi118

Boch Honda in MA has "ONE" special (just check still in stock #62695) this week
based on 12,000 miles/year, .20/mile excess;
Zero cash or trade down plus tax & fees. Security deposit wavied.
$128 x 39mo,
60% res.Price excludes taxes, title, and registration fees;
prices include all customer rebates, promotions, and incentives to dealer.
color = royal pearl blue/gray MSRP 24,925
* Zero cash or trade down MEANS NO TRADE-IN

XxHaimBonxX

Sounds impossible. Something is off. I am guessing they will tell you they had one in stock, but it was sold. However, it never hurts to try.

bigdadi118

They were not in this cheap until today for President Day weekend. Other model are at this cheap also but only 1 or 2 available. It is very likely gone before arrival.

XxHaimBonxX

$98 for LX? $78 for Civic? Plus a remote starter? I would be there at 7 AM, armed with a co-signer (just in case). What is this business of having 1000's of each models available. Where are they stacking them? Let us know your experiences if you get there.

bigdadi118

These Boch Honda special lease pricings are the cheapest so far for past 12 months... looks like too good to be true, but it is printed in the ad. and you can download a PDF file ... probably they want to lure people to get there first... I would call them ahead to make sure tth stock number is still there and give them a small deposit (credit card) to hold the car (for 24 hrs?) then drive down there to close the deal. Again, my experience (took me 2 hrs round trip) is don't try to trade-in your car as "$0 down or trade" means trade-in cannot be combined with this deal.

The remote starter offer CANNOT be combined with any other offer(s) that means you have to buy cars in list price instead of sales, SAME as the offer of guranteed trade-in value of 140% of Kelly Blue Book (fair value) ...

In 07 I did lease new 07 Odyssey LX from Boch for $199/mo with $999 down for 3 yr 12k mi (Weekly Promotion Ad.) and this dealer is supermarket style, expect to wait during the deal processing. At least prepare 3 hrs there.

Boch do have different storage lots (I was told 4 lots) and that is the reason you usually CANNOT test drive the stock you are gonna buy (if you didn't insist), as they are harder and time consuming to find.

Another Honda dealer, Herb Chambers, stores the cars at location like 30 mins away (Charlestown, MA). If you want to test drive the stock no. you are buying then you have to go back there like 2 - 3 hrs later for them to retreat the car.

kiml4

Hi:

Actually, the dealer did do this with my daughter's Civic and it went fine. It was our 2nd lease through this dealership.

I negotiated the price hard and then negotiated the lease payments further, even down to the last $2 per month I could get off it. I didn't care what they were putting on the backend as I knew we would be leasing again when the next lease was up. Once I was really satisfied, I told them that we could not close the deal because her lease wasn't up for 2 months. The salesperson got the manager, etc etc and then they told me they would pay the payments if I took the deal right then.

It was a great deal and her payments were paid, through them, not via a check to me. I checked a couple of times to make sure they were doing the right thing. The payments went in before their due date. And she had her new car the day we closed the deal!

Good luck!

bigdadi118

Or when your lease is expired, you can extend the lease with AHFC but can opt out any month during this extended period, thus will help you to do another new car shopping.

XxHaimBonxX

I am not sure about the stock #. Notice CRV's stock # is 00000. If they indeed selling only one or two cars for this price and not a 1000, I am 100% it was a loaner or test driver. The best case scenario it was a floor model.

In any case, the sale ended on 13th. I noticed in the disclaimer that all prices should be paid in full, plus same day delivery. Would they want the whole lease upfront? Also, how is it possible to process the car the same day considering the banks, DMV, insurance?

bigdadi118

Sales ends 2/20 according to the download pdf file, probably the web master forgot to update on the html one. I started seeing this ad since last night...

http://www.carspace.com/bigdadi118/Albums/bigdadi118%27s%20Album/SNAG_Program-00- - - - - - 40.jpg/page/photo.html#pic



I can't find the CRV stock number also so I assume it is gone.

Whether it is floor model or demo, you have to call them to find out... as the ad didn't mention.

It means you have to bring a check to write to dealer the whatever amount out of your pocket and the sale/purchase is finalized with AHFC or your approved credit source. They can run your credit check / approval from AHFC there even in holidays. It basically means deal has to be closed the deal same day.

I think leases from $78 (civic w/auto tran) to $198 (pilot, ridgeline) per month with no money down are very good deals, so no harm to try.

stoopy

BOCH Honda in Northwoods are scam artists. Google it.

JimmyVegas11

I am in southern CA and want to get a 36 month/ 12k lease on above mentioned car and had a few questions. I know they are pushing 39 month but would prefer 36. Would greatly appreciate any info you may have.

Residual value as a % of MSRP:
Money factor:
Are there currently any dealer or customer incentives:
How far below INVOICE (before incentives) are people getting dealers to go:
Are people having to pay security deposits or acquisition fees:

Many thanks, JV

malloyd22

you need a credit rating of 720 to qualify for boch honda's deals and they will still try to say it isn't available. if you have the credit, stick to your guns and they WILL honor it. even if you don't have perfect credit they will come close to the deal. keep threatening to walk out. it always works.

bvdj84

First off, I would not waste too much of my time on a dealer that is less than willing to at least deal with me, not give me a free car, but a fair and clean deal. It does not always work, my Honda dealer lets me walk right out, though, I told them that I could get a bit lower of a deal 1 hr away. It was horrible. I knew all of my stuff, did the research, and they didn't want to meet me half way. I will not go back to the dealer.
I would drive hours away to get something better than that.

dolsey01

If you don't want to deal with the gimmicks and scams just to get you in the door, try Kelly in Lynn. I bought my 07 Pilot from them and I have to say it was the easiest buying experience I ever had. I emailed around for quotes and right off the bat they quoted me invoice, plus included the incentives at the time and I had no problem getting the special financing they were offering at the time. I probably could have saved $100-200 if I really really tried, but what is your time worth? The quote I received from them on an 2009 EX-L V6 is already into the dealer holdback price with the current incentive without even haggling.

BullGator1

I'm new and was hoping for some feedback on my quote.
2009 Accord sedan EX V6 with Nav
39month lease
$429 plus tax/mo
nothing down (except 1st month and tag fees)
15k miles/yr

t_c

The current lease on the Accord doesn't seem to apealing to me.
Is there anyway to get that car at the $209-$220 a month with no money down?

I'm bringing a trade in that has about 2-3k negative equity, and then plus that down payment they are asking for I'm better off buying an Acura.

XxHaimBonxX

After looking at the Accord EX-L, the best deal I got was $500 out of pocket and $345 per month, 39 mos. At the end I landed with 09 TSX, base model. Same lease terms. Total cash $1,100 and $326 per month. Taxes included. That's even cheaper than Accord and possibly the best deal on Earth for TSX!

If you live in NY Tri-State area and don't mind driving a few miles, e-mail me and I will get you in touch with my salesperson. xxhaimbondxx@aim.com

ral2167

how many miles per year>?

XxHaimBonxX

12K

dolsey01

Same here, I pick up our TSX on Monday. Almost the same numbers too. I can point you in the right direction if you are in the Boston area.

Maybe we should start a new thread for Accord shoppers who bought a TSX, we are starting a trend!

XxHaimBonxX

sure, but why just limit to Accord. I'm 100% sure than the deal we got is much better than loaded Camry, Altima, Mazda6. Leases on those are at least $10-20 more per month.

jhinsc

It doesn't matter if you buy a Honda or Acura, you can get the payment down if you put enough cash down. You won't be able to accomplish what you want with no cash down. The negative equity is what's hurting you. Even then, you'll have to add that to more cash down to get the payment where you want, assuming you have great credit scores too. Ask the dealer to show you all the numbers involved - it will make more sense then.

BullGator1

Hoping someone can give some insight to my quote.

Thanks.

XxHaimBonxX

Funny thing today, a Mazda dealer called me back today with a quote on Mazda6, fully loaded, w/ navi. With absolutely $0 he wanted $441, which I thought was not too bad for $27K car. Residual 45%. When I told him the residual on TSX, and the deal I got, he was shocked. He said that if it was him, he would jump on that deal without thinking.

cargirl1710

How long is the $1000 incentive on V6 Honda's good for?

I have been emailing dealers in southwest florida but their lease deals on the 09 honda accord EX-L V6 with Nav are ridiculous.

The lowest sales price I have gotten so far is 27,295, but the lease for 39 months, 15k/yr and 0down was 443/mo included tax, this was for this sales price.

The lowest lease price so far is 429/mo for the accord v6 with nav and leather and zero down.

They are not being very negotiable down here, the tsx on the other hand is almost a 100 less per month.

srq5363

I am pretty sure the dealer cash is thru 3/2. I contacted 5-6 dealers and all but two were unwilling to compete. I highly recommend you try Adam Lazar at Bradenton Honda, ask for a quote and tell him you are going to shop it around. Tell him you are looking for a price somewhere in the area of the lowest price others have posted here. Then email Kuhn Honda in Tampa and ask them to do better. I worked with Doug Kaseta. Both of these guys are excellent. I ended up with Bradenton but only because they were closer.

XxHaimBonxX

so get the TSX.