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But, that could vary. We don't have the exact number for the Accord.
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Assuming, for the moment, 9%, the cap cost would have to be around $31,500 to get that payment. If the selling price was in the neighborhood of $28K, that is $3500 worth of "stuff" that's been added.
Seems way too expensive for an Accord.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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No lease cash
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thank you
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Add 2% for 12K/yr
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That being said, you should aim for a minimum of 10% off msrp on that top-of-line model. Doc fee/admin fee is negotiable in OK and should be considered part of the sell price (because it is)...good luck
@tonyg2016 has provided good advice on the pricing.
You can lease a nice Acura TLX or Infiniti Q50 for that payment.
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I'm gonna go a little off topic to tell the story of my encounter at a Honda dealership of south Cal. I hope it's ok, I think it's interesting.
I went to test drive the 2018 Accord sport 2.0T and I loved it. I still have a lease for 2 months on a campy that has negative equity and not perfect condition so I know I would not buy today but I wanted a quote for a lease over 3 years/36000 miles. Classic.
IMPOSSIBLE to get a detailed quote with price, MF, RV and fees!! the guy is serving the (too) usual (with Honda dealers) obscurantist blabla and all I was able to get is a monthly payment of about $480.
And the way he got to that number is very interesting: he used the MSRP, added taxes and some fees of something like $500 (which ones??), divided the total by 2 and that result by 36.....comments on that???
Anyway, I don't think he realized that, as much as I loved the car, that king of experience is obviously a deal breaker and makes me consider other brands!
I haven't come on this forum for a while. Is the MF .00128 for south Cal now?
Please let me know and feel free to comment my experience
Many salesman don't know how to calculate a lease payment, but experiences like this can force people away from a brand.
While the lease program on the Accord has improved in April, it's still not great.
The best thing working in your favor? Honda allows dealers to be placed no closer than 10 miles to another Honda dealer, so there are many, many dealers in SoCal to choose from.
I skipped two closer dealers to get an Accord when I lived in CA in the early 1990's.
Some dealers don't understand that the playing field is more level than ever before, and that hiding the numbers is going to alienate a certain (read: knowledgable) population.
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What are the chances that lease program will keep improving in the next months?
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For those of us who are well informed, thanks to forums like this, we are not going to get taken for a ride. As @Michaell mentioned, Honda dealerships are a dime a dozen (in metro areas).
As long as you do your research and are well informed, you will always come out on top and get a good deal.
Good luck with your search. May might be a better month for deals on the Accord.
For those of us who are well informed, thanks to forums like this, we are not going to get taken for a ride. As @Michaell mentioned, Honda dealerships are a dime a dozen (in metro areas).
As long as you do your research and are well informed, you will always come out on top and get a good deal.
Good luck with your search. May might be a better month for deals on the Accord.
thanks for your thoughts
1.5 EX-L
2.0 Sport
And any lease cash/incentives..
EX-L: 64%/58% residual
Sport: 66%/60% residual
No incentives
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It can be done, just need to shop around, and utilize the info in this forum!
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EXL: 63%/57%
Sport: 65%/59%
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36/12
.00110 MF
57%/55% residual for EXL/Touring
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When the May numbers are out, I am looking for RV and MF on an Accord Sport and Touring 2.0T for 36/15 in Michigan
Thanks in advance for all you do!
The MF went down a little but so did the RV so it comes out to the same as last month
57%/53% residual for Sport/Touring
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.00110 MF
57%/56% residual for LX/EX
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I feel your pain. I’m in the same boat. My lease is up this month and I have been watching and hoping the numbers would be better this month. I was kind of surprised they are not.
Have you considered extending your current lease? I called HFS last night to get info on that. You can extend 1-12 months. It’s a simple process, especially if you extend 6 months or less, there isn’t even any paperwork, just a phone call to HSF.
I might extend until July which is when the current programs end and reevaluate then. I could even extend it again then.
Could you please give me the Money Factor/ Residual for a 2018 Accord EX in NJ - 15,000 miles for 24 and 27 months.
Thanks in advance !!!!!
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I feel your pain. I’m in the same boat. My lease is up this month and I have been watching and hoping the numbers would be better this month. I was kind of surprised they are not.
Have you considered extending your current lease? I called HFS last night to get info on that. You can extend 1-12 months. It’s a simple process, especially if you extend 6 months or less, there isn’t even any paperwork, just a phone call to HSF.
I might extend until July which is when the current programs end and reevaluate then. I could even extend it again then.
The $394 deal is not terrible but imagine what a little lease cash would do.
Extending lease is an okay idea as long as you are not over miles already.
HFS will lean toward waiving the $350 turn in fee if you stay with HFS.
What is the RV and MF on the 2018 Honda Accord Sport 1.5?
- 36mo/12k miles
- 36mo/10k miles
and
-39mo/12 miles
-39mo/10k miles
I'm from New Jersey. Specific zip code 07047
If 10K is available, add 1% to the residual
No support on 39 month term
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