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Car Buying Advice - I am considering leasing a Honda accord hybrid 2017 and need feedback

Elliot UdellElliot Udell Posts: 79
edited April 2017 in Honda
I test drove it and it was fine. This month the lease per month on a hybrid is only 25 dollars more per month than the non hybrid. That is for me, one week of gas. Does it pay to go for the hybrid over a regular accord?

Answers

  • kyfdxkyfdx Posts: 119,894
    elliotu said:

    I test drove it and it was fine. This month the lease per month on a hybrid is only 25 dollars more per month than the non hybrid. That is for me, one week of gas. Does it pay to go for the hybrid over a regular accord?

    The mileage would have to be 33% better on the Hybrid, for it to pay off from a fuel cost perspective.
    Other variables to consider:
    Insurance rates. Are they the same?
    Maintenance requirements. The same?

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    Edmunds Moderator

  • kara8154kara8154 Posts: 8
    I would like to know the lease numbers (residual, MF) for 2017 Accord Hybrid EX-L for 36/15K in Southern Cal. Thank you. 
  • kyfdxkyfdx Posts: 119,894
    kara8154 said:

    I would like to know the lease numbers (residual, MF) for 2017 Accord Hybrid EX-L for 36/15K in Southern Cal. Thank you. 

    .00039 MF and 49% residual
    $1250 dealer cash + $2150 lease cash

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    Edmunds Moderator

  • stark9182stark9182 Posts: 3
    Do you have the June lease numbers for the 2017 Accord Hybrid EX-L for 36/15K in NY? Any lease incentives?

    Thank you.
  • kyfdxkyfdx Posts: 119,894
    stark9182 said:

    Do you have the June lease numbers for the 2017 Accord Hybrid EX-L for 36/15K in NY? Any lease incentives?

    Thank you.

    .00039 MF and 49% residual
    $1250 dealer cash + $2150 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • could you explain what 1250 deal cash means and what 49%residual means and what 2150 lease cash means
  • kyfdxkyfdx Posts: 119,894
    elliotu said:

    could you explain what 1250 deal cash means and what 49%residual means and what 2150 lease cash means

    Those are dealer incentives from Honda.

    The residual percentage is applied to the MSRP to get the residual amount in dollars.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi Kyfdx, Do you have the current lease numbers for the 2017 Accord Hybrid touring for 36/15K in NY/NJ? Any lease incentives? Thanks.
  • MichaellMichaell ColoradoPosts: 110,337
    csx1982 said:

    Hi Kyfdx, Do you have the current lease numbers for the 2017 Accord Hybrid touring for 36/15K in NY/NJ? Any lease incentives? Thanks.

    .00039 and 44%
    $1750 dealer cash
    $2700 bonus lease cash

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    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Good evening! Do you have the September residual and MF for the base model 2017 Honda Accord Hybrid in northeast Ohio (36 months / 12K per year ----or---- 36 months / 10K per year)? What about cash to dealer incentives or lease cash for September? Thank you so much!
  • MichaellMichaell ColoradoPosts: 110,337
    microdian said:

    Good evening! Do you have the September residual and MF for the base model 2017 Honda Accord Hybrid in northeast Ohio (36 months / 12K per year ----or---- 36 months / 10K per year)? What about cash to dealer incentives or lease cash for September? Thank you so much!

    .00039 and 49% for 36/12; no 10K allowance from Honda.
    $3950 lease incentives

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi, do you have the Nov numbers for both Accord Hybrid Ex-L and touring? Any incentives? This is for 36 mon / 12 k lease in PA. Thank you.
  • kyfdxkyfdx Posts: 119,894
    zwang96 said:

    Hi, do you have the Nov numbers for both Accord Hybrid Ex-L and touring? Any incentives? This is for 36 mon / 12 k lease in PA. Thank you.

    .00039 MF
    $4750 incentive
    46%/45% residual for EXL/Touring

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • rajivrrajivr Posts: 12
    Hi, do you have Jan numbers for Accrod Hybrid Touring; 36 month/12 or 15K lease in California?
  • kyfdxkyfdx Posts: 119,894
    rajivr said:

    Hi, do you have Jan numbers for Accrod Hybrid Touring; 36 month/12 or 15K lease in California?

    .00039 MF
    43%/41% residual
    $5450 incentive

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • rajivrrajivr Posts: 12
    They only quoted me 3700 lease incentive
  • kyfdxkyfdx Posts: 119,894
    rajivr said:

    They only quoted me 3700 lease incentive

    The other $1750 is a Honda-to-dealer incentive

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • isellhondasisellhondas Issaquah WashingtonPosts: 20,225
    I've been out of this for so long I'm no longer up to date but I never saw a lease where a hybrid made more financial sense than a non hybrid. The don't really get THAT much better mileage for one thing!
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