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2013 and earlier-Honda Accord Lease Questions
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2010 Accord LX. $1,966,92 out of pocket, I don't have the breakdown with me of where they appropriated this money to. I remember seeing something like $1,200 or so for cap cost. I also remember seeing on my paper they used a residual of something like 58 or more likely 61 to 62%. This $1,966.92 included 1st month, tags, title everything.
Total monthly payment for 36 months tax included is $222.98
Hope this helps someone.
(no idea how much is cap reduction etc..). Total monthly payment for 36 months tax included is $222.98
4 months left on BMW lease so will roll the 2340.00. I was quoted 466.00 including tax. I figured to be about 432 including tax. I think the money factor and residual I used was 61% and money factor of .00133. MFG is 29540 with a selling price of invoice 26837.00. Thank you for all your help.
Initial down 1999, 299 doc fee, 595 acq. fee, 125 tax+registration
Here's the breakdown of that deal...
$1999/36 (months) = $55.52 a month more if no money was put down. Thus making the payment $200.52 before tax.
I know that he said that he leased it in MA. Honda Village in Newton MA is advertising a 2010 LX for $179+tax with $599 down plus fees due at signing. All the fees are the same as compared to the above quoted lease with the one exception being that Honda Village makes you pay the "destination charge" at signing (which is BS and possibly not even legal, but is besides the point for the sake of this comparison). Dest. is $710. $710/36months = $19.72 more per month (if rolled in to payment as opposed to being paid upfront). $599/36months = $16.64 more per month (again, if rolled in to payment as opposed to being paid upfront). Therefore, if the "destination fee" was rolled into the payment, and $0 was put down as opposed to the $599, you would be looking at a monthly payment before tax of $215.36. The extra $15.36 a month over the 36 month lease totals about $553. I would assume Honda Village is not advertising their Accord lease (which they specifically say they have 10 available at that price) at dealer invoice, though i may be wrong. Thus, it would make sense that they might be advertising at about $500 over invoice, in which case, the quoted lease above, which everyone seems to think is impossible, actually seems quite possible. Let me know if you think I am wrong.
My fiance and I will actually be going there tomorrow to lease her a new Accord LX, and i will let you all know if this happens to be the case or not.
Looking to lease a 2010 Accord EX Sedan at 10,000 miles per year for 36 months. Can you please let me know what the current residual value and money factor is? If there is a difference in numbers with and without nav I'd appreciate it if you could let me know both.
Many thanks.
Can you please give me the Residual and Money Factors on the following 2 cars? I am trying to figure out a lease for 36 months/15,000 miles.
2010 Honda Accord LX-S Automatic Coupe
2010 Honda Accord EX Automatic Coupe
Thanks!!
If you are wanting to lease an Accord Coupe, you should be well within your budget.
Start with a $0 down lease, and you shouldn't have to put anything to get the payment anyway. It is usually said to go at the end of the month. This is when dealers will want to make last minute deals to get the cars moving.
Keep in mind one dealer might be easier to work with then another. Remember you can walk away if it doesn't feel right. Sometimes driving a bit further away to get a car is better if your local dealer does not want you as a customer.
Stand your ground, research the forums here for sale prices, $0 down and watch out for added accessories. Such as $500 for a clear coat package? No! Dealers love to lock you in for them. Sometimes, acting like you don't really care for them, usually gets them to move on that car. Just be casual about it all. Go in with the mind set that its just a car. Dealers act like its a rare gem.
Bring a good friend with you, so that way your not alone, they can be your judge too. Try doing so email quote requests...Honda.com, then email all the dealers for a lease quote.
I plan to lease a 2010 Honda Accord Sedan EX-L by the end of November. I am looking for the money factor and residual value for a 15,000 miles, 36 month lease.
Looking to lease a EX-L with some options (deck spoiler, bluetooth, remote start) - MSRP $28912 36/mos 15k. Can you break down for me what you would consider a good price with your suggested $0 down. Please include money factor and residual so I can calculate on my own should I make changes.
Thanks!!!
i am looking to lease a 2010 Honda Accord Coupe EX-L (White)
these are the figures we worked on today..
36months/12k miles for $318 per month.
They are asking me to pay $1563 up front (Taxes & First months Payment) thats what held me up from doing the deal.. do i really need to pay that upfront???? any advice and comments appreciated.. can i bring the price down some more???
I need some input. I have a 2008 Honda Accord with just under 13,000 miles on a 36 month lease which ends next October. Now that Im retired Im seriously thinking of buying the car when the lease is up. Since it doesnt go anywhere now.
Execpt food shopping and doctor appoitments.Seeing friend, going out.
The only thing is I have some outside dammage from a tree on the hood from last winter to some paint issue plus some tree sap. On the windshield and other parts of the car. Paint issue is side door,back bumper,front bumper.
Question:
Should I buy it or turn it in and pay the dammages. Or just plain buy it. Knowing the only thing down the road will be age against it.
12,000/36 months
$256 a month
$2000 down included first month payment.
what do you guys think?
was it a good deal
:shades:
I've been leasing a Honda Accords for the past nine years and really like the car, however, like so many people today, I'm trying to get a fair deal.
My current lease is about to expire and I would like to know how close you can come to what I'm paying now. I'm leasing a 2007 Accord EX-L V6 w/o navi @ 345.38 X36. This figure includes 18K yearly mileage. Additionally, I put nothing down except for inception fees which include the following:
345.38 1st Month Payment
187.50 initial registration fees
129.00 Doc fee
7.50 NJ tire fee ( weird huh?)
Total out of pocket $669.38
I am in Houston TX, 77006. I am looking to lease either an Accord LX or Camry LE base for 36 months, 12,000 miles per year, whichever is stronger.
1) Do you have the December money factors and residuals for both cars?
2) I heard there is a 30 month 67% .00065 Accord lease special. Any truth to that?
3) I just finished grad school. Any perks or rebates that apply to the lease?
Thanks for all your help!
when you buy your lease, you are essentially buying a used car from your leasing company. check and see what your residual value is. that will be your "selling price". honda finance will not negotiate that price (almost without exception). from that figure, you will have to add your local sales taxes (when you leased your new car, you were only charged taxes on the portion you were leasing). you will also have to pay titling and license fees, and depending on your state, you may need to get new license plates. i believe you will need to complete this transaction at any honda dealership. they will likely charge you some type of documentation/service charge because they get no other incentive to complete this transaction.
the good thing with leasing honda's is that honda finance usually has great residuals. the downside of that is it usually makes buying out the lease less attractive. so, check your residual and compare that to other 07 accord ex-l with 30k. i'm sure you will pay a little premium for the piece of mind of buying your own car. but don't overpay for your own car.
361 including taxes /month
No money down
First month and 300 in fees and licensing paid at time of lease
Trade in 2007 accord with 21K miles
Can you please post the MF and residual % for an Accord Coupe EX-L, 2009 & 2010?
36 month/36k miles
Are there any incentives or attractive lease terms that should be considered?
Thanks!
Looking for some feedback on a quote I have in Colorado:
2010 Accord EX-L Coupe Auto - 4cyl
MSRP: $27590
Selling price: $25,350
Invoice per Edmunds: $25,074
Residual: 57%
Money factor: .00133
3yr/36k miles
Is there an acquisition fee? I am getting conflicting info from different dealers.
Thanks!
The addition of leather knocks two points off of this car's residual and the addition of navigation knocks another two points off. I don't believe that Honda Finance offers 10,000 mile per year leases on Honda division vehicles, but if it does, its residual values for them would likely be 1% higher.
Car_man
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The numbers for an otherwise identical lease of a base 2010 Accord Coupe EX 4cylinder are .00133 and 57%.
Car_man
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According to my calculations, if you were to lease a 2010 Honda Accord Sedan EX-L 4-cylinder without navigation that has an MSRP of $26,740 and a selling price of $24,806 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $319.
As you can see, even once tax is added to this payment it's well within your budget.
Car_man
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Car_man
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Let's use this program to work up a payment on this car and see what we come up with. According to my calculations, if you were to lease a 2010 Accord Sedan EX-L 4-cylinder that has an MSRP of $26,740 and a selling price of $24,806 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $319.
I didn't add the additional options that you are interested in to this car's selling price because I don't know if they can be residualized. If they can't, then you would have to pay for them in their entirety over the course of your lease, i.e. add their cost divided by 36 to your monthly payment.
Car_man
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Toyota's lease program for the Camry varies by region. You reside in its Gulf States area. Vehicles there are sold through an independent distributor. Unfortunately, I have not seen the lease program that it uses lately.
Toyota has special $1,000 cash incentive on the Camry in your area right now for recent graduates (including those from grad school), but Honda does have any specials for grads.
Car_man
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Honda is not currently providing any cash incentives on the 2010 Accord, but it does have $1,500 dealer cash on leftover 2009 4-cylinder models. Having said that, Honda is not providing lease support on the '09 Accord any longer. As a result, if you were to lease one through Honda Finance right now you would have to use its standard lease program. I haven't crunched the numbers, but chances are that even with this cash you would be better off going with a lease of a 2010 model.
Car_man
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As far as the acquisition fee goes, Honda Finance charges a $595 fee on every vehicle that it leases. You can either pay this fee at lease signing or roll it into your car's capitalized cost to make it part of your monthly payment.
Car_man
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Car_man
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Does anyone know the money factor and residuals for a 15,000 mile, 30month lease for a 2010 Accord LX-P and EX (automatic transmission)
I'm assuming it's the same .00083 money factor, just not sure of the residuals on a 30 month lease...
Thanks,
Can someone tell me if they are still leasing the 2009 models? would that be a better deal compared to 2010 model? I am looking to lease an accord with 0 down for less than $250? is that possible? in that case - what model am i looking for and what shold be MF and residual while negotiating. can you help? I do need a 4dr car.
thanks in advance
Thanks!
I was hoping to get some help on leasing an 4 door EX 4-cylinder auto accord. So far, I have simply requested quotes from a handful a dealers in the area. The pricing I've recieved so far has looked pretty good, under invoice as far as I can tell. The lowest I've recieved so far is $21.331 plus tax, tags, etc.
First question - I did not mention a word about leasing when requesting a quote. Is it possible that this price includes cash incentives that do not apply to leasing?
Second question - Assuming no, can Carman or someone help me calculate the lease payments for a 36mo 15k/year lease. Here is the info:
MSRP - $24630
Destination - $710
Acquisition - $595
Sales price (does not include destination, acq, or other fees): $21331
I'm in VA, so I believe tax is 3% if that helps as well. I've done the calculations myself, assuming the mf is .00133 and the residual 59% (can someone confirm if these are correct?), and I end up with a zero down payment of $249 per month, which can't be right (seems too low?).
Any help with the above would be greatly appreciated!
Guessing something like:
[(Invoice - Residual) x interest rate (ie money factor)]/ lease term
Thanks
http://www.leaseguide.com/calc.htm
But wont help you if you are in the dealer, here is exactly what leaseguide or any lease calculating program does
The formula is Cap ( the finalized selling price) minus the residual ( providing you have the proper %) than divide that by the terms ( amount of months) that gives you the depriciated amount.
Next is the cost of money or interest portion
Cap plus residual times the money factor = the interest part
Add both together for your monthly payment
This will come in handy if you are sitting in the dealer and the car switches or the terms mileage etc, you can recaculate the lease yourself on the spot just bring a adding machine and paper.
Now you want to roll in your taxes and bank fee, this you can approximate with near accuracy,
Take the monthly payment and mutiply by your tax rate
Ex) 305 a month X 8% = 24.40
24.40X 36 months = 878.40
Take the 878.40 plus bank fee $ 595= 1473.40 divide that by the terms(36)=40.93 add that to the original monthly payment than add 5 to 10 dollars for additional interest cause in essence you are financing those dollars
Memorize this program so that when you are in the finance office dont let them sell you aftersales items on a so much per month basis Ex. the alarm is only $495.00 but he tells you it is only 19.98 per month in accuallity chargeing you $700.00 negotiate the selling price for each item you decide on and the take the total amount and add it to the original cap and refigure the lease yourself on the spot.
Also may I state that when a lot of you are looking for help make sure you are specific on models equipt, mileage terms etc
Hope this helps all of you and feel free to pass this along as you see fit to help others even if you tell them to see this post number etc.
Happy Holidays