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

Elliot UdellElliot Udell Member Posts: 83
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 Moderator Posts: 237,108
    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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  • 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 Moderator Posts: 237,108
    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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  • stark9182stark9182 Member Posts: 17
    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 Moderator Posts: 237,108
    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

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  • Elliot UdellElliot Udell Member Posts: 83
    could you explain what 1250 deal cash means and what 49%residual means and what 2150 lease cash means
  • kyfdxkyfdx Moderator Posts: 237,108
    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.

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  • csx1982csx1982 Member Posts: 1
    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 Moderator Posts: 241,282
    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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  • microdianmicrodian Member Posts: 1
    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 Moderator Posts: 241,282
    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

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  • zwang96zwang96 Member Posts: 3
    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 Moderator Posts: 237,108
    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

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  • rajivrrajivr Member Posts: 12
    Hi, do you have Jan numbers for Accrod Hybrid Touring; 36 month/12 or 15K lease in California?
  • kyfdxkyfdx Moderator Posts: 237,108
    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

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  • rajivrrajivr Member Posts: 12
    They only quoted me 3700 lease incentive
  • kyfdxkyfdx Moderator Posts: 237,108
    rajivr said:

    They only quoted me 3700 lease incentive

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

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  • isellhondasisellhondas Member Posts: 20,342
    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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