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Anyone know the current residual and money factor on 36/36k EX lease? I don't know if they changed in March or not. Thanks.
He also said the residual will either stay at 60% or go down a point to 59% on an EX. Made an appt. to see him on Saturday.
Lastly, it looks like the residual for the LX is 60%, does anyone know the residual on the EX-L Navi (4 and 6 cyl)?
I think residual on EX-L is 56, but don't quote me. There leases are available on other models, you'll just have to pay any difference. If you are interested, get a price quote and go from there. Most deals I've seen on here are $200-$500 over invoice. If you have a few local dealers, you can probably get down there as well. I was offered that $259 over on the first contact. I'm actually going to see that dealer today on lunch.
Negotiated Price-$22,100
Amount Due on my Current Car-$4,751
Acquisition Fee-$595
Capped Taxes-$1046.59
Total of Above-$28312.59
Trade-In Amount-$2000
Cash Down-$486.22
Net Cap Cost-$25,826.37
Putting $1000 down breaks out into:
$486.22-Cash Net Cap Reduction
$351.28-1st Months Payment
$150-Fees and Insurance
$12.50-Upfront Taxes
Residual-60% ($15204)
Money Factor-.00137
35 monthly payments of $351.28. I think we are waiting for now, need to discuss with better half tonight. Oh well, that upside amount on my current car is really killing us. I could have leased that car 0 down for $269 if I didn't owe anything else.
Accord EX-L V6, 36 mos., 12K.
$309. with fees.
Here's the breakdown.
309 - 1st mo.
595 - Bank fee
250 - NYS MV new plates
97.50 Doc/Tire
1225 Taxes
The above comes to
$2477.78 down
with 35 payments of $309.00
This sounds very good is there something I'm missing?
2010 Accord LX, 36 months, 12K per year,
Agree upon value - $17,652.42
Gross capitalized cost $18,325.42
cost reduction - $19.45
Residual - 13,539
depreciation - 4786.97
rent - 2431.80
Total of base payments - 7,218.77
Lease payments -36
Monthly payment - $200.52
Looks like a good deal to me. Had to walk out to get this deal.
Due at signing $489 (doc fee)!!! Was not able to get rid off.
Preferred tier is 660-709 Auto Enhanced FICO.
Super Preferred MF is .00137 (3.288%)
Preferred MF is .00212 (5.088%)
What's the money factor and residual value for a 36 month lease of a 2010 Accord Coupe EX L w/ Nav, 4cyl, auto with 12,000 miles per year ?
Concentrate your negotiations on the price of the car..
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Can you please post the March AHFC Residual and Base MF for 2010 Honda Accord Sedan EX. 36 month 12k miles.
Thanks
gperr
See above for OP..
bostonbob
Weseloh Honda
Do you have the residuals and MF's for
1. Accord Sedan EX-L NAV 12k
2. Accord Sedan EX-L NAV V6 12k
Thanks,
Nircdoc
If you opt to go with Honda's nothing due at signing option, the money factor drops slightly to .00127.
I don't believe that Honda Finance offers 10,000 mile per year leases on Honda division vehicles, but if it does the 10k resid would probably be 1% higher.
Honda is currently providing $1,200 dealer cash on the 2010 Accord..
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This car's factor drops slightly to .00127 if you go with the nothing die at lease signing option that Honda is running this month.
If you were to lease with only 12,000 miles per year, its residual values would be 2% higher.
When negotiating your lease on this car, make sure to take advantage of the $1,200 dealer cash that Honda is currently providing on it.
Good luck and make sure to let us know how everything turns out.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2010 Accord Sedan EX 4-cylinder with 12,000 miles per year are .00137 and 60%, respectively for consumers who qualify for its top credit tier. The factor drops to .00127 for "Sign & Drive" leases.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Honda's special money factors on the Accord are available on all trim levels, but your payment will vary depending upon which one you get because the the MSRP and selling price will vary.
Honda Finance's current residual value for a 36 month lease of a 2010 Accord Sedan EX-L 4-cylinder with navigation and 12,000 miles per year is 56%. It drops to 52% for the V6 model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks.
- 2010 Accord Sedan EX 4-cylinder
- 2010 Accord Sedan LX 4-cylinder
- 2010 Accord Sedan LX Premium
I assume the money factor is .00137 or .00127 for "Sign & Drive" leases for all 2010 Accords.
The money factor for an otherwise identical lease of a Crosstour EX-L AWD without navigation is the same, but its residual is 2% higher.
If you opt to go with Honda's "Sign & Drive" promotion, the factor improves slightly to .00127.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The money factor improves slightly to .00127 for sign & drive leases.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
This car's factor drops slightly to .00127 on sign & drive leases.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease on a '10 Accord Sedan EX-L V6 with Nav are .00137 and 52%.
If you go with a sign & drive lease, the Accord's money factor drops slightly to .00127.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks.
Thanks!
Gerry
I used to work in the car business as an honest salesman until I was forced to leave because I refused to buckle in and get with their schemes and scams to force people to get into contracts they didnt fully understand. I got this via email today.
The Death of The Desk
Buzz It!
Share
0 comments by Larry Bruce on Mar 12, 2010
15 years ago I told Ron Craft (the dealer I got my start in the car business with in 1984) “Customers aren’t shopping for a car they are shopping for a salesperson to buy a car from”. That was the way I approached car sales when I got into it after having been in the shop for a few years. I didn’t know it then but I was using social media.
Each day I would I would take brochures, donuts and coffee to local hair salons, boutique stores, doctor’s offices ect. talk with the employees, customers and patients about just anything and cars too, I got to know a lot of people and got a lot of referrals. Before I knew it I was selling 20+ cars per month and in 1988 I made over $80K selling cars in Baytown TX.
For a single 20 yr old making $80K and yr runnin around in a free Camero, well those who know me know can certainly imagine the trouble I was able to get into, that’s another post (maybe).
On each sale I got to the point that I would pretend to take the deal to the desk. Just leave my office hang out in the back for a while then return with a number. It was great fun and I think the reason I have stayed in the car business as long as I have is that it was and still is fun.
This morning while working out and listening to Seth Godin as I often do, all the pieces started to fall into place from my early days selling cars to now and the use of social media in the car business. I Tweeted this morning “Customers will no longer pay for salespeople who are merely a cog in a machine #thedeathofthedesk in automotive”
People are shopping for a salesperson an experience, social media starts that experience with the salesperson early and can greatly enhance the customer wanting to buy from that person and your store. You dealers that are blocking Facebook, Twitter and keeping your salespeople from blogging you are killing yourself and stopping many customers from connecting with the experience, DON'T.
Secondly, we all know that the back and forth to the desk process customers hate it. They want their salesperson to be empowered, so let them be.
Bottom Line – the desk was put in place to control gross here is a wakeup call dealers, the market controls gross now you don't. Abundance of information has removed that responsibility from you, you don't have to like that fact but you do have to live with it. For the record I am with you I don't like it either, some of my best retail memories are of working the desk.
Pricing is a function of the market now, your job is now price positioning and differentiating your buying experience. Social media and how you interact with customer pre and post sale has a great deal to do with that experience. Make no mistake about it like it or not you are seeing the last days of the desk, and because I love it so much and want to remember it in its prime I am willing to put a bullet in its head now and put it out of its misery, you should too.
That’s my opinion what say you?
www.pcmguy.com
without navigation 36 months for 12k miles a year. Thank you!
Does anyone know if he's being truthful?
MSRP:$22,565.00
Invoice:$20,732.16
$19,551.65 cap
.27 money factor
Lease monthly payment $227.92
Monthly tax $21.08.
CA Lic. fee $319.75
Dealer pays fist oayment.
Thanks, its been 4 years since I have been at the Forums here.
I have been cruising these sites for a few years and your info has helped me get some good deals on 2 cars so far! Thanks for doing what you do!
I just wanted to get some thoughts on this deal:
2010 Accord EX-L, 4cyl, no nav. Sticker on the car was about $27,600, got the price down to $23,629.00. The deal that I have pending is $320-$325 after tax, $400.00 up front, 36 month lease, 12,000 miles per year. I am in Orlando, Florida (6.5% tax). They are also throwing in 3 oil changes.
Unfortunately, the do not have the color combo I wanted, but they are getting it for me this afternoon from another dealer. So I have some time to stew on the deal and see what you all think of it.
Thanks for any info!
V6 ex l with navi.
Everything rolled into monthly payments.
398/month that includes NY tax.
$398 due at delivery.
I hope this helps.
Could please provide the current MF and residual value for a 36 mo/12k miles lease of a 2010 Accord Sedan LX Automatic under the Sign and Drive Lease Prgm.
As always, many thanks for your input.
The car deal was: $178.00 + tax and 1300 down (including extra fees) for 35 months (b'c first month covered by dealer) on a 36 month, 12k lease.
Hope this helps.
Can I please get the MF and Residual for a 2010 Coupe LX-S.
Also, is $21,000 a good purchase price to start out with on this vehicle?
I am trying to get in on the 0 0 0 0 sales event.
Thanks!
2,300 down
595 Lease fee
$139 per month +tax
The 24 month lease does not appear to be available with less cash down, or at least the MF increases significantly.
Had I known that dealers are offering the same money factors, etc on EX-L's, I would have gladly paid the extra 60 dollars a month or so to do that
Thanks...
Odyssey EX, with no extras.
36mo/12k year lease
The 0-0-0-0 deal
Zero out the door. First months payment free.
All fees rolled into lease payments
$310 per month (35 payments) plus PA sales tax
Should I go for it??????
Odyssey EX-L, with no extras.
36mo/12k year lease
The 0-0-0-0 deal
Zero out the door. First months payment free.
All fees rolled into lease payments
$375 per month (35 payments) plus PA sales tax
Can I do better? Or is this reasonable?
I'm not sure if you're aware or whether this is even relevant to your situation but there is sufficient information provided in all of AHFC website's lease promo ads to compute the money factor and residual factor as follows...
Res Factor = Residual Value / MSRP
Money Factor = [Pmt - (Net CapCost - Res Val) / Term] / (Net CapCost + Res Val.)
I didn't see any lease promo ads for the EX-L. I'm guessing that you probably provided your zip code to check regional offers and found none other than those offered nationally.
John