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Car Buying Advice - Is this a good deal on a 2017 Accord Lease?

johnnybravooojohnnybravooo Posts: 45
edited July 2017 in Honda
According to Honda website (https://automobiles.honda.com/tools/current-offers?vehiclemodelseries=Accord Hybrid&zipcode=30097&offer=127522-CR6F3HEW), you can lease 2017 Accord Hybrid CVT 12/36 for 2700 cap cost reduction and 229 per month. If you can negotiate down the capitalized cost, I think it's a great deal!

People say it's better to wait for 2018 accord since it will have higher residual value. With MSRP of 30k, the actual net cap cost is currently 23k, with residual value of 15k (purchase price). The actual net probably includes 2.7k cap cost reduction but it's still 5k off the MSRP. Wouldn't it be better to lease this model rather than to lease 2018 model with full MSRP?



Comments

  • kyfdxkyfdx Posts: 171,132

    According to Honda website (https://automobiles.honda.com/tools/current-offers?vehiclemodelseries=Accord Hybrid&zipcode=30097&offer=127522-CR6F3HEW), you can lease 2017 Accord Hybrid CVT 12/36 for 2700 cap cost reduction and 229 per month. If you can negotiate down the capitalized cost, I think it's a great deal!

    People say it's better to wait for 2018 accord since it will have higher residual value. With MSRP of 30k, the actual net cap cost is currently 23k, with residual value of 15k (purchase price). The actual net probably includes 2.7k cap cost reduction but it's still 5k off the MSRP. Wouldn't it be better to lease this model rather than to lease 2018 model with full MSRP?



    That's assuming the 2018 sells at MSRP. That never happens with an Accord.

    The deals are good now, and probably better than you'll be able to get in the first couple of months the new Accord is out. But, the Accord is a mass market vehicle. It won't be long before there are good deals to be had on the 2018.

    Can probably get a better deal on a regular Accord. Not sure the Hybrid is worth the premium.

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

    Edmunds Moderator

  • kyfdx said:

    According to Honda website (https://automobiles.honda.com/tools/current-offers?vehiclemodelseries=Accord Hybrid&zipcode=30097&offer=127522-CR6F3HEW), you can lease 2017 Accord Hybrid CVT 12/36 for 2700 cap cost reduction and 229 per month. If you can negotiate down the capitalized cost, I think it's a great deal!

    People say it's better to wait for 2018 accord since it will have higher residual value. With MSRP of 30k, the actual net cap cost is currently 23k, with residual value of 15k (purchase price). The actual net probably includes 2.7k cap cost reduction but it's still 5k off the MSRP. Wouldn't it be better to lease this model rather than to lease 2018 model with full MSRP?



    That's assuming the 2018 sells at MSRP. That never happens with an Accord.

    The deals are good now, and probably better than you'll be able to get in the first couple of months the new Accord is out. But, the Accord is a mass market vehicle. It won't be long before there are good deals to be had on the 2018.

    Can probably get a better deal on a regular Accord. Not sure the Hybrid is worth the premium.
    Thanks for the response! Leasing an LX will be a lot cheaper, but it doesn't come with push button start, which is literally the only option I look for in a car. I am thinking about getting a hybrid since it comes with push button start even at the base model.

    Would I get more bang for the buck by finding non-hybrid with push button?

    Also, assuming that I will lease the 2018 within two weeks of release, would it be better to lease 2017 model now (either hybrid or non-hybrid)?
  • kyfdxkyfdx Posts: 171,132

    kyfdx said:

    According to Honda website (https://automobiles.honda.com/tools/current-offers?vehiclemodelseries=Accord Hybrid&zipcode=30097&offer=127522-CR6F3HEW), you can lease 2017 Accord Hybrid CVT 12/36 for 2700 cap cost reduction and 229 per month. If you can negotiate down the capitalized cost, I think it's a great deal!

    People say it's better to wait for 2018 accord since it will have higher residual value. With MSRP of 30k, the actual net cap cost is currently 23k, with residual value of 15k (purchase price). The actual net probably includes 2.7k cap cost reduction but it's still 5k off the MSRP. Wouldn't it be better to lease this model rather than to lease 2018 model with full MSRP?



    That's assuming the 2018 sells at MSRP. That never happens with an Accord.

    The deals are good now, and probably better than you'll be able to get in the first couple of months the new Accord is out. But, the Accord is a mass market vehicle. It won't be long before there are good deals to be had on the 2018.

    Can probably get a better deal on a regular Accord. Not sure the Hybrid is worth the premium.
    Thanks for the response! Leasing an LX will be a lot cheaper, but it doesn't come with push button start, which is literally the only option I look for in a car. I am thinking about getting a hybrid since it comes with push button start even at the base model.

    Would I get more bang for the buck by finding non-hybrid with push button?

    Also, assuming that I will lease the 2018 within two weeks of release, would it be better to lease 2017 model now (either hybrid or non-hybrid)?
    I think you could get a better deal on a 2017 non-hybrid or hybrid now.. It might be November before the 2018 models get down to reasonable prices, compared to the sale they have on the 2017 models, now. The Sport SE has a nice level of equipment, but I don't know if that comes with push-button start.

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

    Edmunds Moderator

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