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2013 and earlier-Honda Accord Lease Questions
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Car_man
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Smart Shopper / Prices Paid Forums
The capitalized cost that you were quoted for this car is very attractive as long as it is before the down payment that you are being asked for is being taken into account. I suggest that you ask for this deal to be based upon the exact sale selling price, but eliminate the down payment. This would make your lease payment increase slightly, but it is the right thing to do. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Accord would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all.
Let me know if you have any other questions.
Car_man
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Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
Welcome back, hope you enjoyed your vacation. When you get a chance to respond to my post #138 could you please give me the details for January? I have been holding on the lease pending verification of the mf.
Thanks
Car_man
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Smart Shopper / Prices Paid Forums
also, what is the diff in residual on a EX-V6 auto?
and does honda offer a 1 payment lease? conflicting info
also, one question on calcs - dealer told me I am wrong not to include the delivery charges in MSRP but all the calculators seem to do this - how should I calc it?
thanks in advance
Thanks for your previous post, I appreciate it. I had read through the leasing section of Edmunds which I found to be a gold! The Fleet Manager was a little awkward when I haggled the price and then asked for a lease quote. He said "well that's a different story". I just went with it, because I figured I'd just come back here to post the conversation. But then, I was hit by a major road block. Apparently, my name was never on the first car, that my mom helped me by. While my credit is "good", my FICA score is a whooping 635. The Fleet Manager said Honda was very strict on first time buyers. I asked about the Graduate Program and he said there would be little difference in interest rates and lease deals. Any helpful hints on how to get a good deal with this horrible score? What tier does this put me in? Third? Ugh!! I'm very disappointed. I've seen other dealers, Mitsubishi, just play w/ interest rates w/o using the score (it seemed shady), but perhaps they were desperate to get the cars off the lot. I don't know if it's worth shopping dealers or if I'm just SOL. I realize I can utilize a co-signer (which is available) but I'm trying to buy a car independently...maybe my pride will turn out to be too costly!
After my credit score was pulled, I was quoted $349 for 48 mos or I could finance for 5 years at $404 a month. This was like a shot in the stomach. Bah humbug. Any suggestions would be appreciated.
OTHER QUESTIONS
Right now, is 20,500 good price sell price before taxes, document feeds, lic? (At this point I'm still debating on lease or finance)
Is it true that as of the New Year, Honda has stopped offering the option of buying their extended warranty sometime before the 3 year warranty expired? Because they were "loosing too much money" Is it true that you must buy the extended warranty within the first 6,000 miles? Have you heard this?
If I can strategize a way to independently buy the car, when is the next best time to buy? I feel like I just lost out on the best time to buy. I read some posts about buying in March.
Looking at 36 month / 15k per year (and 12k if you have data) on Accord EX-L 4 and V6 auto? Really need the help as I did not get my last deal...ran out of time. trying to get lease soon - so please help
and does honda offer a 1 payment lease? conflicting info
also, one question on calcs - dealer told me I am wrong not to include the delivery charges in MSRP but all the calculators seem to do this - how should I calc it?
thanks in advance
Thanks for this service. I've been actively persuing an Audi A4 deal, but after the 4th, the numbers don't look so good. Do you have the current money factor and residuals for an ACCORD EX V6 12K and 15k for 24 and 36 months? Thank you.
thanks
Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
2 last ?'s...
1. does the residual change for a V-6 EX-L or are they the same as the EX-L 4Cyl auto?
2. does honda offer a 1 payment lease option
I'd be happy to give you my opinion on the selling price that you were quoted if you let me know what the MSRP of this car is. Also, make sure to stop by the following discussion: "Honda Accord: Prices Paid & Buying Experience". It has tons of information on the prices that other community members have paid for similar vehicles lately.
I haven't heard that Honda now only allows the purchase of extended warranties for the first 6,000 miles of its vehicles' lives. I suppose that anything is possible, but this sounds strange to me. It should be easy enough to confirm though. Remember that you do not necessarily have to purchase your car's extended warranty from the dealer that you bought it at or the one that you plan on using for service. You are free to buy it from any Honda dealer. Shop around via telephone or the Internet at sites like www.hondacares.com or www.jayhondacare.com/Pricing.htm to name a few for the level of coverage that you want. Once you have an attractive price quote, you can always go back to your dealer and give them an opportunity to match it.
Car_man
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Smart Shopper / Prices Paid Forums
In answer to your new question, I don't believe that Honda Finance offers a one pay lease option. I am not positive though, so it wouldn't hurt to ask your dealer to make certain that this is the case.
Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
I've been lurking on the forums for a few weeks now as I've narrowed my new car lease choices down to the Accord Coupe EX-V6 and the Acura TSX. I think I've got some good numbers going for the TSX (does a MF of 0.0027 for 15K 36mos lease and Residual of 61% sound right??) but I'm less sure about the numbers i'm being quoted for the Accord. I think the dealer said 0.00192 and 58%, but i'm worried he might have been repeating numbers I'd used during our conversation back to me. Are those numbers consistent with what they should be right now? What would be the difference on an otherwise identical lease with 12K miles.
Thank you!
I'm getting a Honda Accord LX 4CYl for 36 month lease, 12k miles. I'm getting it through honda at $319/mo. Credit wasnt so good so i couldn't get it at the original $272 that I was quoted for. Can someone tell me if this is a good price? what should I ask for, what should I know, this is my first new car, and I want to make the best decision.
Also it's the black/black coupe
I'm getting a quote of 20363+550(dest)+ Fees on the EX (MSRP 23950). My FICO is 703. What should the AHFS lease details be on a 36 month closed end with 15000 miles? Dealer in Oxnard California.
What should the residual, money factor and estimated fees be, with a total down of $2000.00?
I am a little confused about the residual too. Should it be a % of the MSRP or the 20363? Also, is the sales tax added before computing the Amount to be financed?
Thanks for the help.
You should check back a month or two in this forum and read the many valuable comments that would affect your concerns. Try starting at page 5 or 6.
$22600 Out the door. EX+leather
36 months 15K miles $2000 down. 703 FICO.
What should the lease rates be?
Thanks
I still need the numbers.
Help anyone?
Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Smart Shopper / Prices Paid Forums
thanks - you saved me thousands on deal #1 - thank you. please help with deal #2!
thanks - you saved me thousands on deal #1 - thank you. please help with deal #2!
2006 Honda Accord EX V6 automatic sedan (non-navi), 24 month lease, 12,000 miles per year, $1000 total out of pocket, $346/month (does not include tax). This is on a silver ext./black int. sedan with a $27,300 MSRP (plus $550 destination charge). Is this a decent deal? Thanks.
$0 down
MSRP $29850
Selling price $27,000
Thanks.
$0 down
MSRP $25650
Selling price $23100
Thanks.
I am looking to put down $500 for a 42 month lease with 12,000 miles per year. I asked a dealer about residual and a money factor with tier 1 credit when I was test driving the car. All they wanted to do was run numbers. I would not allow them to check my credit score and walked out. I want to test all of the numbers out online first.
Car Man, can you please give me the residual on a 2006 Honda Accord Coupe EX V-6 5-Spd AT w/ Nav/ XM Radio for 42 and 36 month leases. Also, could you give me a ballpark monthly payment with $500 down and 12,000 miles per year.
Thanks a TON!
I want the "Costs Added To Lease" rolled into the monthly payment. I know that I will pay interest on that amount but that is okay.
MSRP: 29940
Base Cap Cost: 25955
Costs Added To Lease: 1700
Cap Cost Reductions: 500
Adjusted Cap Cost: 27155
Residual Value: 15868
Money Factor: .00192
Term (months): 42
Sales Tax: 8%
Monthly Payment: $351.34 + $28.11 Tax or $379.45 Per Month
Thanks Car_man!!!!
I keep seeing .00076 but dealer said that is not out yet? help...pllllleeeease
thanks - you saved me thousands on deal #1 - thank you. please help with deal #2!
I have seen, on other boards, the .00076 MF on Accord Coupes being available since Jan. 11. In addition, honda.com is advertising "special leases" for Accords right now and given the low advertised monthly payments ($289 for an EX V6 auto with $2000 drive off for 36 mos./12K per year lease), it looks like the .00076 MF is in effect now.
- A.
24 mo/12k mi – Residual Value 62% of MSRP – .00152 Base Money Factor Rate
24 mo/15k mi – Residual Value 61% of MSRP – .00152 Base Money Factor Rate
I would take these figures and run them through a leasing calculator to check the final payment and compare it to what the dealer offers you. Remember that dealers can mark up the MF rates. honda.com offers "certificates" that you can print out and take to the dealer to get the "special leases" and I suppose if the dealer plays dumb and says he does not know what you are talking about, you can show that to them to make them stick to the deal.
- A.