2013 and earlier-Honda Accord Lease Questions

1283956

hi i'm planning on leasing the coupe lowest trim for 199 a month
is that all i will be paying besides 3% taxes (i live in va) or is there interest thats still needed? i read somewere that i would still need about 100 dollors a month for interest

i got a quote "Your Special Internet Price $19,199.47*"
is this better than 199 lease?

sk1182

I saw a lease offer at a local dealership for:

2009 Honda Accord EX
0 down
0 security deposit
$249 per month for 36 months
12k miles per yr

I called the number and the dealer confirmed the offer. I would appreciate any feedback on the reasonableness of this offer and see if I am getting a fair deal?

Thanks a lot folks.

ineed2know

I would becareful with such ad. I would ask them, the MSRP, Inovoice, Selling Price, Residual, Money Factor and Last Total out of Pocket. After you have all this then go to leseguide dot com to see if it all adds up.

jhinsc

It looks like a very fair deal for an EX. Is it auto or manual? I would find out what your total out-of-pocket is. I bet it does not include sales tax. Whether you pay it up front or with every payment, depending on which state you live, you need to know that. Find all the other stuff too, but it looks like a great deal.

sk1182

I really appreciate the prompt feedback.

Here are the primary specs of the car:
Automatic
Power door/locks
Base MSRP: $24,405.00

I will be meeting with the dealer today and I plan on asking all the questions about invoice, selling price, residual, money factor, total out of pocket etc. I agree that this $249/month figure probably does not include the taxes. Nevertheless, it seems like a fair deal and I will be posting further details regarding the figures I got from from today's meeting with the dealer.

Thanks again guys!

leasing_honda

Hi All,

Is there going to be any good incentives from Honda on Memorial Day? If yes then can you please provide the details?

kingpcgeek

Only someone with a working crystal ball can answer that one for you.

jasonscott

Looks like they got the dealer cash back...

Got a Accord Sedan EX-L Automatic w/ Navigation

$400 month tax included sign and drive - not even 1st month up front, had them rool that in as well, otherwise would have been $15-$20 less.

bvdj84

Nice Job!!

pacinpelo

Congratulations on the ride....

As I am in the market and want to close in two weeks was it a 6 cylinder or 4 cylinder?

Which dealer...?

amalpani

Was it a 6 cylinder or 4 cylinder?

sardius

Here's what I ended up with from a dealer in Pompton Plains, NJ

$3000 down
$365/month for 36 months

I know this isn't the best deal by far, but does it at least seem reasonable ?

chuckb4

Tax % ? 36 months and 36,000? Buyout?

bvdj84

No! The deal does not look good at all.

What was your sale price? Always start with $0 down. Then later on if you feel you want a lower payment, then put a little down. $3,000 is a hefty down payment!

Never just settle on a so so deal, there are plenty of dealers out there. No one is holding a gun to your head. lol. Please don't do this deal.

I think you should be around $25,000 or so. I think you could be on or around $400mth with $0 down! Pocket your money down. Never mention your putting any money down.

$1,000=$20-$30 off your payment. Its not much. So work on incentives, watch our for dealer installed accessories and fees. They all add up!

Good Luck!

Bad deal, do not do it! Its your money, do not settle into their game.

If you have that kind of deal, you should be looking at perhaps an Acura TSX or TL, but, they are having better deals than that too.

jasonscott

4 Cyl

Got it at Braman Honda in Palm Beach

jasonscott

Yes...out tax rate here is 6%...36k is correct.

As for buyout...dont have paper in front of me now but will check and post tommorrow

CarMan@Edmunds

You're very welcome, falashan.

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CarMan@Edmunds

Hi Myra. Let's work up a sample lease payment on the car that you're interested in and see what we come up with.

According to my calculations, if you were to lease a 2009 Honda Accord Coupe EX-L V6 without navigation that has an MSRP of $29,625 and a selling price of $25,331 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $360...assuming that you qualify for its top aka "Super Preferred" credit tier.

Good luck in your quest for a new ride and let us know if you have any other questions.

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CarMan@Edmunds

Congratulations on getting your new Accord, shoreshot. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful for other community members who are in the market for similar vehicles.

If have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well.

Enjoy your new ride :shades: !

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CarMan@Edmunds

Hey gpsac. Here's the info that you need.

Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Accord Sedan LX with 15,000 miles per year are .00207 and 64%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The numbers for an otherwise identical 36 month lease are .00207 and 57%.

If you were to lease with only 12,000 miles per year, this car's residual values would be 1% higher for the 24 month term and 2% higher for the 36 month term.

When negotiating the capitalized cost for your lease, make sure to take the $1,000 dealer cash that is currently available on this model into account.

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CarMan@Edmunds

Hi bostonben. Honda's lease program for this car varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord LX-P Sedan with 15,000 miles per year are .00207 and 57%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is available on it right now.

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CarMan@Edmunds

Hi pacinpelo. I would be happy to work up a sample lease payment on this car for you. According to my calculations if you were to lease a 2009 Honda Accord EX-L V6 Sedan without navigation that has an MSRP of $27,275 and a selling price of $24,286 ($500 over dealer invoice - the $1,000 cash incentive) through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $340...assuming that you qualify for its top aka "Super Preferred" credit tier.

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CarMan@Edmunds

Hi pacinpelo. What you were told about the dealer cash on the Honda Accord is incorrect. It was extended through July 6th.

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superman1011

Car Man,
Great posts. I have been reviewing the opportunites on the Accordf Coupe EX-L V6 for a while now. The best i have received is 408/month with a net cap cost of 27200. Granted, as soon as i walk in with my spreadsheet and run what they offer against my numbers, i get turned away. Do they not want to do business with someone who knows what they are doing? What do you think is a reasonable selling price to ask for off of the 29,625 base MSRP? I love this car, but would really like to get into it for 350-360/month with little to no money down.

Thanks for any insight!

Jason

pegasus17

2009 accord ex sedan (auto): MSRP 25075
36 month lease, 12k miles/yr
residual .59; MF .00207
Doc fee of $250 included
$281 per month (pre-tax)
Trying to figure out if there is any more slop in the monthly payment...

CarMan@Edmunds

Hey jasonscott. The dealer cash that was available on the 2009 Accord in April was extended through July 6th.

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CarMan@Edmunds

Hi leasing_honda. Your username talks about leasing and this is a discussion about leasing, but it looks as though you are talking about financing not leasing an Accord. Is this correct? If so, then the 3.9% rate for 5 years that you mentioned is as good as it is going to get on this car right now.

I would not be surprised if you were able to beat the selling price that you were quoted by a little bit though. Honda is currently providing $1,000 dealer cash on the '09 Accord, so a selling price of dealer invoice is really equivalent to $1,000 over. If I was in the market for this car and I was in an area that has a decent level of competition, I personally would shoot for around $500 over invoice.

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CarMan@Edmunds

Hi 1283956. The selling prices of leased vehicles ultimately determine their lease payments. I can work up a sample lease payment on the car that you are interested in for you to give you an idea of what the payment on it would look like right now.

According to my calculation, if you were to lease a 2009 Honda Accord Coupe LX-S that has an MSRP of $23,875 and a selling price of $21,214 ($500 over invoice minus the $1,000 available dealer cash) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $284...assuming that you qualify for its top aka "Super Preferred" credit tier.

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CarMan@Edmunds

Thanks Jason. If I was in the market for any 2009 Accord, I personally would shoot for a selling price of around $500 over dealer invoice, which is really $500 under once the $1,000 available dealer cash is subtracted. On the car that you are interested in, an '09 Accord Coupe EX-L V6 with an automatic transmission but without navigation that price would be $26,410. If the dealer that you are working with won't go that low, I suggest trying a different Honda dealer.

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bvdj84

Car_man

Could you kindly work up a lease deal for an EX-L Sedan V6 Navi.
$0 down, 12k.

My dealer has quote $498 per month(includes taxes), with first month due at signing.
This seems high. $28722 sale price.

They quoted me $418 for the same model (NO NAV) same lease. $26734 Sale price

Wouldn't I just get a TSX now, rather than the tsx if the Accord is offering this kind of deal?

navicivic

My brother is currently leasing an 08 accord lx-p coupe for 36 months that began last may(08). He wants to get out of his lease but he does not know how much it would cost. The dealer is not being straight with him about how much it is. Can any one of you guys help me out. i'm from NYC. Thank you.

amalpani

bvdj84 - I got quoted $363.61 / month (includes taxes) for 36 months with $363.61 down (first month payment only) with 12K miles/year. This is for a brand new 2009 Honda Accord EXL V6. I live in a 7% tax zone.

Your pricing seems high.

dino11

Looking to lease an 09 Accord - EX-L, automatic, 4 cylinder with or without NAV. 3 year lease, nothing down, roll taxes into payments, 10k miles/year. What is expected monthly payment for a very good- but doable - deal.

Can one lease with payments based on less than 10k/year? Say 8k/year. How much less/month for 8k versus 10k? Thanks!

g2so

Hi all,
coming out of my 06 lease this month and looking to see what pricing is reasonable out there on Honda Accord 3.5 EX-L w/Navigation 4/dr.

Cap Cost: From CarsDirect, they have it at 28,041.00. Is the norm and will the dealer honer it? I know personally last time I tried this in 06 they said they can come very close to it.

Money Factor: Whats current right now from AHFC? I would like to consider 36 or 45 Term.

Residual % : If I remember right, it's based on a formula (posted here and few other places).. so looking at 36 or 45 Term, is 54% to 56% reasonable? Anything better?

Thanks for the input.
FYI.. test drove the TSX.. liked it but I would miss the V6..

bvdj84

Yes, my lease quote seems really high. Your quote seems so much better. I knew that people were getting better deals. The dealer had some nerve to email me back with a remark saying they are lease very well not, "but they are just not discounting them for nothing". What? I never stated I wanted them to give me a car for free.
Seriously? She stated the V6's are in high demand. I wanted to email her back, but I might need them as a contact, so I did not reply back. Insulting the consumer in this economic state. I certainly do not want a car just handed to me, but what is fair is fair right? Its my money, I can shop anywhere. What a moron!
Desperate for money there dealer? Well keep your car on the lot for months.

Nothing bothers me more when you go to a Quick quote link on the Honda website, get a dealer quote, and then they take several emails to actually give you anything legit to work with. They give me the run around!! It is not a quick quote.

Your quote seems so much better. TSX's numbers look good too!
They too are dragging their feet. Saying they do not have black on black, and has sent me 4 emails now, and still have NOT sent me a quote.... I am like hello? Just give me what I need and asked for? If you are a dealer, you should know the numbers of the cars your selling... you should be dreaming of them!! If you cannot provide them, you should then question whether or not you should be in the job your in. If you cannot stand the heat, get out of the kitchen.

bvdj84

You are probably very comfortable with a V6, but the 4cyl is very nice! But, they only reason I would get the V6 now, is because I love the Accord and have wanted one. Might as well get what I want from the start!! First lesson for us all. You'll be less likely to want out.

g2so

I considered the TSX 4cly vs Accord V6 but noticed the gas mileage was almost identical. Why settle for less power than?
The TSX can go in the city streets.. but taxed the RPM when pushing it on the freeway.

superman1011

Thank you. Is the $26,410 for the EX-L V6 Accord Coupe before the dealer cash? $25,410 would be a great final selling price. Both dealers i've tried have yet to sway on their 399.00 doc fee. Can that piece be negotiated down or is it a tough sell? A Net Cap Cost of 26,500 has been my goal, but it hasnt been touched yet. is that a reasonable goal? If not, worst case I back down from the V6 and go for the 4 cyl.

Jason

pacinpelo

Not to stray to far of this thread's topic..I too looked at the TSX and Accord V6. The cars are very similar inside despite the Acura salesman saying his car was better. The TSX is too coarse and noisy, but was aggressive (18" wheels) and has some unique interior packages which has USB integration for the iPod. The Accord just felt better on the drive, but lacked pizazz on the instrument cluster. BUT the Accord drove better.

July 2009 dealers will see a 2010 TSX with the V6.

jaycee27

They don't offer mileage allowance less than 12k. I tried that too today. Anyway, I just picked up an EX-L w/o Navi, MSRP $27,075 for $1400 drive-off and $284 + tax for 36 months. Not sure if it's good deal but couldn't get the salesman to go any lower than this.

erikadeee

I'm deciding between 4cyl and V6, going to test drive them today; here's the quote offered by the internet salesperson;

4cyl EX-L
sales price: 22,700
$570 due at signing (including 1st month and up front fees)
320 per month (tax incl 6%)

V6 EX-L
sales price: 25,204
$613 due at signing
364 per month (tax incl)

Thanks

kingpcgeek

We couldn't tell you if its a good deal since you didn't give the selling price, and that's the only way to tell a good deal or not.

jaycee27

The selling price is $22,845 for EX-L 4-cyl auto trans.

bvdj84

Quoted $0 down for an EX-L V6 $369, first payment due.

rogue8

hello jaycee27...did you get 22,845 price from dealer..sounds really good..i am interested in leaseing..is there a dealer incentive..thanks

jgreenberg

CarMan,

Accord Coupe 4 cyl Auto EX-L without Navi. Best deal in my area so far (N.J.) is $358 (includes tax) with first month only down. Selling price of 23,096 (incl dest), allother cost/fees in cap and includes:

MV $187.50
Doc $199
Tire Fee $7.5
Bank Fee $595

How does this deal look?

tarp_kitko

Can somebody post June's RV and MF for accord coupe v6 w/manual? Thanks.

CarMan@Edmunds

Hi bvdj84. I'd be happy to work up a payment on the car that you're interested in for you. According to my calculations, if you were to lease a 2009 Honda Accord Sedan EX-L V6 with Navigation that has an MSRP of $31,575 and a selling price of $28,722 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $411 assuming that you qualify for its top aka "Super Preferred" credit tier.

Even with tax, the payment that you were quoted looks slightly high. Not only that, but the selling price that the dealer gave you isn't great. The last time that I checked, Honda was providing $1,500 dealer cash on this car. This means that the selling price of slightly over dealer invoice that you were quoted is really equivalent to around $1,500 over. If I was in the market for this car, I personally would try to get this dealer to shave $1,000 off of this car's price or shop around to see if another dealer would.

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CarMan@Edmunds

Hi navicivic. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, your brother would need to purchase the vehicle that he is currently leasing from the bank that he is leasing it through. It often turns out that it costs more to do so than one's vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

Your brother can determine approximately how much it will cost him to get out of his current lease by comparing its purchase price to its value on the open market at this time. He should place a call to the bank that he is leasing his vehicle through to find out its exact price. Once he knows exactly how much money it is going to cost him to buy his leased vehicle he needs to compare it to its current value on the open market. He can find out approximately what his vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. He also may want to stop by the following discussion: "Real-World Trade-In Values". Remind him to check to see if he is still on the hook for his remaining lease payments. The difference between his leased vehicle's current value and how much it will cost him to buy it plus any remaining lease payments that he is obligated to pay will equal the cost of getting out of his lease right now. He may find that he is better off waiting until you are closer to the scheduled end of his lease to get another new vehicle.

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CarMan@Edmunds

Hi g2so. If I was in the market for a Honda Accord right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,500 dealer cash that is currently available on this model. You can look up the invoice price of the exact car that you are interested in by visiting the New Vehicle Pricing section of Edmunds.com.

According to the latest information that I have seen, Honda Finance's current buy rate lease money factor for a 36 month lease of any 2009 Accord is .00207 for consumers who qualify for its top aka "Super Preferred" credit tier. Honda Finance's current 36 month, 15,000 mile per year residual value for an '09 Accord Sedan EX-L V6 with navigation is 53%.

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