Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
2013 and earlier-Honda Accord Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Car_man
Host
Smart Shopper / Prices Paid Forums
Since I'm still trying to make up my mind (it takes me a while!), I'd definitely be interested in the following March numbers:
Honda Accord Coupe EX-L V6 (w/o navi) for 24 months, 12,000 mi. per and 36 months, 12,000 mi. per.
Thanks!
P.S. - If you see any "killer" deals on other variants of the Coupe, please let me know!
Ben
I'm interested in leasing a fully loaded Accord EX V6 with Nav and possibly adding on fog lights, iPod connector, & deck spoiler. MSRP before add-ons is $28729 after those three it comes to $29608 (BTW do any of those add-ons affect the residuals?).
Please tell me what the money factor and residuals would be on a 24 month lease at 12K & 15K miles/yr, and on a 36 month lease at 12K & 15K miles/yr. Also is it possible to do something like a 30 month lease through Honda Financial?
Thanks!
I'm interested in leasing a fully loaded Accord EX-L Sedan automatic 4cyl w/o nav. MSRP is $24,950.
Please tell me what the money factor and residuals would be on a 24 month lease at 12K & 15K miles/yr, and on a 36 month lease at 12K & 15K miles/yr.
Thanks!
Thanks.
All I need is MF and Resid %. You've already educated me on the rest!
Many thanks,
Teton
My local dealer[Long Island, NY]is offering a no money down lease for an Accord LX for $239.00 a month [36 months 12k, and 15cents thereafter]which includes delivery prep, destination,bank and gap fees with a residual value of $12,700. If I plan to not buy the car, does this seem to be a good deal. Thank you in advance.
Raymond.
Can you please provide the 36 month 12k and 15k buy rate MF and Residual for '06 Accord Sedan (automatic) in LX and LX Special Edition. Also, any incentives available for either lease or buy?
When is this program scheduled through?
Thanks
gperr
I also live in Long Island and looking for an accord. Which dealership offer you that deal?
Thanks.
Thanks
Teton
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Honda is not currently providing any cash incentives on leases of '06 Accords right now, but it is providing $500 dealer cash on purchases of LX V6 and Coupe models.
All of these programs are currently scheduled to run through April 3rd.
Car_man
Host
Smart Shopper / Prices Paid Forums
Can you provide all relevant info for the lease of an Accord VP for both 12,000 and 15,000 miles? Many thanks!
Can you provide the current residual and money factor on a Accord Coupe LX 4 cyl. lease for 12,000 miles and 36 months. Thanks.
So I'm just pondering this idea here ... i want to make sure I'm getting everything right.
Using Edmunds lease calculator, using the numbers you gave for an EX V6 sedan with Nav (i'd be interested in a 6-speed with leather and nav, if that makes a difference) on a 36 mo/15k lease and my state's 6% sales tax, I come up with a $375/mo payment with $0 down ... is this correct? Seems like a great deal to me, and very tempting. OH, I'm assuming a buy price of $27,500 since carsdirect tells me I should pay $27,064 (msrp is $29,850).
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
For leasing, should I be paying the TT&L or not? In other words, do I apply the residual value to the drive out price or selling price w/o TT&L? Honda Financial service web site says it depends on the state in which the transaction is done (see the excerpt below). Does anyone know what the rule is in Texas?
Any help will be greatly appreciated.
Honda Financial Services Web Site:
If I lease, am I responsible for sales tax and property tax?
In some states, you pay sales tax that is based upon your monthly payments. Other states require you to pay tax on the full value of the vehicle. Property tax treatment varies from state to state as well. Ask your dealer for information about the tax regulations in your state.
Neither. Residual is applied to the MSRP.
As far as purchase vs. lease, I'm not sure why the dealer cares. He should be getting the same no matter what. Then again, maybe he gets a cut of the financing on a purchase, but not a lease?? But, as far as I know, if he leases for $27k or finances for $27k, he is still getting $27k. Maybe I'm wrong.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Instead of play the dealer game, why not just send out email to all the dealers around you and see what the best deal for your leasing. I did an 04 EX-V6 sedan back in Dec 03 for 3Yr 15Kmi/yr lease for about $320 in Bay area. The price was 1000 below invoice. Shop around, if you have a few dealers around you, you should be able to get a good price especially with the low money factore now.
If I'm not mistaken, if the EX-L is .00169 and the EX-L V6 is .00076, the prices would ultimately be very close despite the EX-L V6's higher MSRP and invoice...?
Thanks.
Thanks for all the March numbers!
One of my local Honda dealerships told me that the Accord Coupe EX-V6 has a money factor of .00076 and the Accord Sedan EX-V6 had a slightly higher money factor of .00079.
They also said that if I wanted to waive the security deposit that I could pay .00010 higher (e.g. .00086 and .00089 respectively).
Does that sound right to you? Is this just another way for them to make a little more money? Paying the .00010 higher money factor costs approx. an extra $150-$160 (depending on the final negotiated price) over a 36 month lease. So basically in order to save an extra months payment up front, that you would get BACK at the end of the lease, you're asked to pay'em an extra $4-$5 a month.
Let me do the math on that. If my lease payment was $320/month and I didn't have to put that down as a security deposit (so I'm using the .00089 MF) and I put that $320 in an account drawing 5% interest, I'd make an extra $50 over 36 months. But if I went with the lower .00079 money factor, my payment would only be $315.65. So that extra $4.35 a month totals up to $156.60 in savings over 36 months. Therefore to save myself from giving Honda the refundable security deposit/extra month's payment at lease inception, it would cost me approx. $106.60 (spread out over three years).
Something for people to look at. It seems that you're better off in the end if you're able to put down the security deposit and get the lower rate!
I'm working on the wife as we speak. "but, hun, its got 2.4 inches more rear legroom than our Lincoln" and "but, hun, it would actually be a LOWER monthly payment!"
I don't think she's going for it, by the way. She knows I really do have a disease and she shouldn't cave into my whims.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
2006 Honda Accord LX Sedan AT - $159 for 36 Mo. 12K a yr, $3,997 due at signing includes 1st mo pay, down pay plus fees. tax & tags extra. Total payments $5724. Residual Paymnt $12,611, $.15 each addl mile. All rebates included.
It seems your best bet is to try and lease it for about $250 for 36 mo. with no money down, only driveoffs. The $3,000+ is a large chunk of change to put down on vehicle you're effectively "renting" for 3 years. Put it in the bank and subsidize your monthy pymts to keep your cash flow where you want it. :shades:
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Those numbers are different than the EX-V6 without NAV.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Very interesting that the residual is higher with NAV. Isn't it usually the reverse for most vehicles?
Is this a sign that Nav is becoming more desirable and prevalent? Or is this just an anamoly exclusive to Honda?
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
In general.... For Hondas.... NAV residuals are lower than Non-NAV..
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
In post #326 (Car_Man replying back to me) for a 12K/yr mileage lease, he gives a 36 month residual of 56%. kyfdx is correct, the 59% residual is on a 30 month lease. The residuals are exactly the same for either AT or MT. And they are 1% higher (e.g. 57% 36mth & 60% 30mth 12K/yr lease)on an EX-V6 WITHOUT Nav. Honda Finacial sets that 1% lower amount for Navigation on both the Accord and the Acura TL.
And Car_Man's money factor numbers are just about spot on as well. The only difference I found was that the lower .00076 MF is for the Coupe and the sedan is at .00079. I'm talking to about five different local Honda dealerships currently (hope to work a deal soon) and the MF on a 36 month 12K/yr lease is .00079 if you pay a security deposit and .00089 if you don't want to pay it.
So much for those speedreading lessons.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Accord EX w/AT
According to the ad:
MSRP:$23,800
Monthly payments:$259
36 month lease/12,000 a year
Residual Value:$13,804 which is 58% of MSRP
Down Payment:$999 (includes 1st month)
Sales Tax:8.75% according to Edmunds Lease calculator
Does anyone know what the MF is on this car? My credit score is around
715, would that qualify for the best rate?
When they have deals like this are they still going to let you
negotiate the price down of the car and lower the monthly payments?
Thanks
MSRP: $24050
Selling price: $20703
Cap Cost: $21298
Cap Cost Reduction: $0
36 mo/12K a year
Residual: $13708.50
Sales Tax: 8.75%
Drive Off: $787 (fees and registration)
Monthly payment: $237 w/o tax; $257 w/ tax
My selling price was $1000 below invoice but I know Honda has a $500 dealer cash. I emailed other dealers and their selling price was +/- $200 of mine so I did not push too hard on my dealer.
You should negotiate the best selling price deal. Then the lease money factors and residuals apply -- just make sure your dealer is not marking up the money factor (my dealer told me they could not mark up MF on "special leases" from Honda but I don't know if I believe him but I got the base MF so I can't complain).
Is your "down payment" of $999 the drive off amount? According to hondacars.com, the drive-off on the deal you mentioned was around $1900 (which includes first payment).
- A.
So that selling price doesn't include tax,title,license. The $999 is not the drive off cost. There is also a $55.39 doc fee according to the ad.
This seems like a pretty good deal to me, but I need to find out the MF and confirm the residual value first. I emailed the dealer back with these questions but probably won't hear back until Monday.