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2019 Honda Accord Touring

mistryk007mistryk007 Member Posts: 18
edited September 2019 in Honda
Hi Everyone...I currently lease a 2017 Accord EX-L. My lease is due. I have 44k miles, my lease was for 15k a year, so i am well under my 45k limit. My residual/buyout is $16,000 before taxes. I would like to trade that in for a 2019 Accord Touring with 15k. What would be a good deal for zip 98133. MF, residual, etc. I feel like all dealers are just trying to take advantage of you. Please help.

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    kyfdxkyfdx Moderator Posts: 243,132

    Hi Everyone...I currently lease a 2017 Accord EX-L. My lease is due. I have 44k miles, my lease was for 15k a year, so i am well under my 45k limit. My residual/buyout is $16,000 before taxes. I would like to trade that in for a 2019 Accord Touring with 15k. What would be a good deal for zip 98133. MF, residual, etc. I feel like all dealers are just trying to take advantage of you. Please help.

    .00103 MF and 50% residual
    $750 incentive

    With 44K miles, I doubt you have any equity in your current lease. If the lease is up, just turn it in. Most Honda dealers won't consider taking it in trade, once the term is complete.

    So, stick to negotiating a new lease. The Touring is the most expensive trim, with the lowest residuals, so it's not likely to be as good a deal as your last lease.

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    mistryk007mistryk007 Member Posts: 18
    i have a 10 day grace period at the moment, and honda is willing to extend my lease for a year with the same terms. during that year i can buy/return/etc my lease as i can now. is it worth to wait and see what better deals come later in the year?
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    MichaellMichaell Moderator Posts: 245,017

    i have a 10 day grace period at the moment, and honda is willing to extend my lease for a year with the same terms. during that year i can buy/return/etc my lease as i can now. is it worth to wait and see what better deals come later in the year?

    The deals might get better, but the inventory will shrink, so no guarantee you'll get the trim or color you want.

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    mistryk007mistryk007 Member Posts: 18
    Is the MF and RV accurate from the previous post?
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    kyfdxkyfdx Moderator Posts: 243,132

    Is the MF and RV accurate from the previous post?

    Yes... traditionally, we give accurate information. ;)

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    mistryk007mistryk007 Member Posts: 18
    LOL...thank you :)
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