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2010 Accord EX Sedan 2.4
Vehicle Price $21,900 including destination
$700 drive-off (includes first month's payment)
$280 per month including all TT&L
36-month lease
12K miles/yr
In California where tax is 9.25%, and registration is about 1.15%.
I seem to be hitting bottom in my negotiations. Does this seem like a good deal in the Los Angeles area? Thanks!
The numbers for an otherwise identical 36 month lease are .00132 and 54%.
The numbers for the V6 version of this car are .00132 / 59% for 24 months and .00132 / 52% for 36 months.
Good luck in your quest for a new vehicle and let me know if you have any other questions.
Car_man
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If I was in the market for an Accord Sedan right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the available dealer cash...$900 on the 4-cylinder and $750 on the V6.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I have short credit history, 2 or 3 yrs. I've got 'conditional' approval from honda finance, which is tier 3 or whatever. and so my apr must be super high.
dealer offered me $380/mo for 36 month ( 35 payments) with $4000 down.
no money out of pocket other than $4000 down payment.
It sounds too expensive but regarding my short credit history, it seems like it's the best deal I could get.
What do you guys think?
MF : 0.00288
Residual : 15422
tax : 7%
mileage : 18000mile/mo
so, please consider that 3yr lease is my only option.
How much per month would be good?
Looking to lease a accord sedan 4 dr LX automatic - MSRP $23565 36/mos 12k. Can you break down for me what you would consider a good price with $0 down. Please include money factor and residual so I can calculate on my own should I make changes.
Thanks!!!
I solicited quotes from some 13 dealers. Visited the first one today and planning to visit a couple more tomorrow before I pulll the trigger.
2010 Accord EX Sedan 2.4
$21,660 vehicle price including destination charge
$500 drive-off (includes first month's payment)
Free clear door edge guards. (Retail price $197)
$281 per month including all TT&L
36-month lease
12K miles/yr
In California where tax is 9.25%, and registration is about 1.15%.
Alabaster Silver with Black interior. I'm very happy with my deal. Thank you to the forum!
Can you let me know MF & Residuals on the following 2010 Accord Sedans:
EXL 4 cyl No Nav 12 mo / 36k and 12 mo / 45 k
EXL 6 cyl No Nav 12 mo/36k and 12 mo / 45k
Lots of info requested I know and I appreciate the help.
Also - I had seen on the Accord buying board a post that talks about doubling the Honda dealer cash (from the 2009 level of supposedly $1500 [$3,000 total] ) for people who currently own / lease Accords. Do you have any idea if this is true and if so, where do I go to validate it so the dealers do not give me the runaround. This would make leasing an Accord a no brainer for me.
Thanks again,
Can you let me know MF & Residuals on the following 2010 Accord Sedans:
EXL 4 cyl No Nav 36 mo / 36k and 36 mo / 45 k
EXL 6 cyl No Nav 36 mo/36k and 36 mo / 45k
Lots of info requested I know and I appreciate the help.
Also - I had seen on the Accord buying board a post that talks about doubling the Honda dealer cash (from the 2009 level of supposedly $1500 [$3,000 total] ) for people who currently own / lease Accords. Do you have any idea if this is true and if so, where do I go to validate it so the dealers do not give me the runaround. This would make leasing an Accord a no brainer for me.
Thanks again,
0 down
$265/month (incl. 6% CT Sales Tax)
12 K/years
Walkout: 265+87.5+350 = 702.5 (first payment+Doc fee+plates/title/reg) - I ended up paying $515 instead of $702.5 as the dealer had quoted the doc and title to be $250. This may have been a result of miscommunication but the dealership didn't break the deal for $175.
Net Cap Cost: 22416 = 21111+710+595 (selling price+dest+bank fee)
Res: 60%
MF: .00132
Dealer was Honda of New Rochelle in NY Metro area. Straight forward high volume dealership except for the last minute hick up about the doc and title fee. But they did keep their word and honored the deal. Over all good experience.
I think I did OK...
2010 Accord EXL 4cyl:
26200 cap cost (23662 base + 2600 fees)
2000 down
228 / mo
15973 = 60%
.00132 = 3.17%
36months/12k miles
How would you guys negotiate with this? I want to keep the monthly payment, so should I try to drop the cap cost and the down pmt at the same time?
Can I ask which dealer this is?
Accord is not selling as well as Honda would like so they throw out incentives (current is $900 for 4 cyl). Someone else on this board noted that if you are a current Accord owner that $900 gets doubled but I am not sure how long this is good for. Also not sure if the current Accord has to be leased or financed through Honda finance.
I assume I can get a car at dealer invoice - they still make money on the holdbacks etc and in the quest for money they will do a bit of acting and posturing telling you they are going broke on the deal but it is generally an act.
What dealer did you get your quote from?
I am negotiating the new lease for Accord 2010 with Scott Robinson, Torrance, CA. Sales rep is saying that for extra $20 per month I can get some Safe Lease that will cover some Excess Damage at the end of lease. He is saying the amount of coverage up to $5000 but I don't believe him.
Anybody heard about it?
Thanks
Though I do not know specific numbers/residuals etc. yet, I was quoted this price by a Honda dealership in upstate NY, both are for 36/mo, 12k/mi
EX: 2k down, $199/mo all inc. taxes/fees/first mo.
EX-L: 2k down, $237/mo, all included.
I know its hard to give an opinion without the actual numbers, but I have no interest in purchasing at lease-end, if that matters. I just would like to know is this deal is worthwhile, and if the extra $40 or so a month for the EX-L is truly worth it.
Thanks!
and then 35 x 199? sounds very low - would like to see you get that finalized
and report back to us! I thought the lower priced LX-P would even be a little higher than the 2K/199 deal you are talking about.
Doesn't Honda Finance already cover the first $1500? I'd take a big pass on this...
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When negotiating the price of the leased vehicle, am I supposed to include the destination charge? In the past I have gotten my leased cars at invoice cost but I do not recall if they tacked on the destination charge to this.
I guess everything is negotiable but I try to get the cap cost at invoice w/out the destination charges, am I digging too far into their pockets.
Thanks for the feedback.
A lot of folks report their drive-off cost of as low as $500. When you guys negotiated a lower down, what happened to those initial fees like destination/DMV/etc. Did tthey get rolled in typically into the monthly payments and create a higher monthly?
Also, what's the better way to negotiate between a lower cap cost or a lower down--- assuming I want lower monthly payments.
Thanks.
The difference between EX and EX-L should be about $25/mo, not 38. The deal is still good enough, to my mind.
Adjusted Capitalized Cost: $23,424
Out the door: $2,000 (bank, DMV, tax, first month, etc.)
Allowance: 12k miles/36 months
Monthly: $237, as quoted. No additional fees, no hidden tricks.
Not sure if I could have gone lower, but its well within my budget, and considering that from the start, I expected to get an EX for that price, I'm happy with my deal. (could have gone with the EX for the same $$ down, $199/mo.)
I love the car and LOVE even more that Bluetooth Handsfree Link comes standard on the EX-L w/o Nav! It's flawless. Thanks to this forum for the wealth of information!!
The deal I have worked out is:
$1K out the door
$435.00 month (including 6.5% local tax)
15K miles a year
36 month lease
Can someone please tell me if this is a good deal prior to accepting?
Thanks!
0 out of pocket
246 + tx
Spent the day yesterday scurrying about attempting to take advantage of the email I received from Honda last weekend. Email said they would make first payment (up to 500) + "Enjoy an additional, never-before-seen deal!" Didn't say what that deal was, however an AHFC rep confirmed Friday what I had read here that it was "double" dealer cash to 1800. Then after a few calls yesterday finally located a manager willing to move a car for what I considered a reasonable price.
This replaces my wifes 07 SE V6 which we've been extending month to month since last May. Hated to see that one go! 24 mo 15k @ 185 + tx with only 1st and lic out of pocket!
Now that I'm awake
$1,385 down (taxes, title, fees, etc.)
$310 per month (including taxes)
56% residual
$25,200 cap cost
The internet rep indicated that this deal would only be good for today and was not willing to fax me her worksheet before I committed to coming in. I have read about dealer cash (which I think would reduce my selling price). I am not so sure about this rep; given the economy and the upcoming Presidents' Day sales, it would appear that I would be able to get the same or a better deal in the next two weeks.
FYI, I have a current 2007 accord with a lease ending 2/18/2010 and I have yet to have my car inspected. It is likely that my car's value is in excess of its residual value?
Is it true that I won't be able to get a similar or better deal next month? Also, is there any room left to negotiate?
Many thanks in advance for your help!
I just got a 2010 EX-L with nav:
36 month lease
$750 out of pocket
$379 / month
18000 miles/ year
Let's work up a payment on this car for you and see what we come up with. According to my calculations, if you were to lease a 2010 Accord Sedan LX 4-cylinder that has an MSRP of $22,565 and a selling price of $20,033 ($500 under dealer invoice) through Honda Finance right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $225.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a 2010 Accord Sedan EX-L V6 are .00132 and 54%, respectively.
If you were to lease either of these cars with only 12,000 miles per year, their residual values would be 2% higher.
Honda is currently providing cash incentives on leased Accords, $900 on 4-cylinder models and $750 on V6 models. These allowances are doubled for loyal customers.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I think the dealer cash recently increased, so you might be able to do a little better. I signed with a purchase price of $25,576 on an EX-L V6 when the dealer cash was $750. I think I could have probably done a bit better at that time, but the process was so painless that I didn't want to complicate it. I've seen some discussions here over the past couple of days indicating that the dealer cash is higher (possibly double).
Good luck!
I inked an EX-L 4 cyl myself:
36 months
15k mi/yr
$0 down (all rolled in)
$319/mo plus tax.
24mo LX-P 295
27mo LX-P 277
36mo LX-P 255
EX $20more
LX $20less
Thought I'd share...best of luck to everyone.
2010 Accord EX-L 36mo / 12k
down: 0 (no capitalized cost reduction)
capitalized acquisition fee: $595
capitalized accessories: $300
money factor: .00132
residual value: 58%
35 payments: $280+tax
due at signing: $280+tax + registration fees
gap insurance: included (standard in current AHFC leases)
security deposit: non (standard in current AHFC leases)