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2013 and earlier-Honda Accord Lease Questions



  • I used this site for my most recent lease and thought I'd post my numbers for everybody's reference.

    2010 Accord EX 4cyl.
    3 year 36K Lease
    MSRP - 25,340 (including destination charge of 710)
    Invoice - 23,041
    Residual Value - 15457.40 (61%)
    Money Factor - .00133
    Cap Cost - 23,383.40 (includes 595 lease fee, and 589.50 dealer fees)
    Paid first months payment and FL tag transfer fee of 130.50 for a total of $420
    Monthly payment - $271.83 plus FL 6.5% tax for total $289.50

    I solicited internet quotes from all 15 dealerships here in south FL and the most difficult part was determining what their quotes included. I found it necessary with most dealers to specifically ask whether they included destination (710) and dealer fees in their quotes (most included destination; none included their dealer fees).

    Hope this helps. If I missed anything, please feel free to ask.
  • kyfdxkyfdx Posts: 70,667


    Prices Paid, Lease Questions, SUVs

  • First off I apologize for not having all the information that is probably needed, but I am just trying to find out if this is a good offer. 36 month $256 a month with no money down for the accord lx. I thank you in advice!
  • Wanted to post this lease I just secured:

    2010 Accord EX-L V6 Sedan

    36 month/15K miles lease

    $395/ month including tax, $0 cash/fees at closing

    I think I did pretty well!
  • Just got flwng offer from a Sacramento CA Honda dealer which I'm about to accept:
    Selling price is $20544+TTL. Lease is $255 a month for 36 months incl tax, 12,000 mi max per year, OTD out of pocket upon pick-up is $654, and residual value after the lease period is 61% or about 14,300 + . Would appreciate advice whether I am getting a good deal or not. Thanks.
  • I just got back from the dealership. On a 2010 honda accord coupe lx-s 2 door they were going to give me $250 a month with taxes. Is that good? My residual was 59% and I believe my money factor was .00193. $250 a month is that to much for base? the car would be 3 years 36k miles also
  • wp nightmare:
    $250/month with taxes doesn't seem bad to me, but the details are important to really determine that.

    Any money out of pocket?
    What was the sale price and MSRP?
    Any cap reduction?
    I believe the money factor is actually .000833 for the 3yr/36k term...Car_man could confirm I'm sure.
  • 0 money out of pocket. My sale price was $20969 and MSRP was $24065. You are probably right on the money factor I forgot the number but it was in that area. Now say if I do agree to this deal, what fees do I have to pay for I live in New Jersey. I believe I have to pay for acquisition fee of $595 plus my first months payment. Do I have to pay anything other fees? Also, what scams should I be looking for when I'm signing the paperwork. I know the easy one's like extended warranty, but what are the other one's I shouldn't pay for?
  • Just inked a lease on the following:

    2010 Honda Accord EX-L Sedan
    Options: trunk tray, splash guards, wheel locks, nitrogen filled tires
    36 months
    12k mi/yr
    $0 due at signing (everything rolled into payment including first month)
    $340 / mo including tax

    My dealer will do this deal all day long so if you want the info let me know. I'm in the Tampa Bay area.
  • tymotymo Posts: 5

    Do you have MF and RV for the 2010 Crosstour?
    Please provide the numbers for EX-L with Navi and EX-L without Navi.

    Deeply appreciate your service. Keep up the invaluable work!

  • $206 per month for a 2010 Honda Accord LX P, 12,000 miles per year, $210 per month, including NY taxes. Up front cost: $1250, including the bank fee, first month payment, registration, plates, title & tax.
  • I need to pick one up this week. Can you share the dealer name/reps name? Thanks. :)
  • - Just leased a 2010 Honda Accord LX Auto 12k/yr
    - Total Paid at dealership $2000.00 (includes all fees, first payment, tax tags, etc)
    - Remaining committed payments: 35 payments of $200.00 per month (includes taxes).
    - My total cost for 3 years for this car is: 2000 + 35*200 = 9000 over 3 years
    - I told the dealers all I want to pay them when I come in is $2k, and will send 35 pmts after that and they should tell me the $ amount of that including taxes. I told them I don't care what residual, money factor, cap cost, etc they use. All I care for is only paying $2000 on day 1, and then 35 payments of xx $ amount including all taxes and fees so I get a true out of pocket perspective. They started with $274/mo and got them down to $200.00.
    - I am not looking to keep the car, only to use it for 3 years and then return it.
    - Was this a good deal?

    Thank you for everyone's help here - this is great :)
  • victor23victor23 Posts: 201
    - Many people here will criticize you for not caring about selling price and only asking for the lowest monthly payment. To me, your approach is quite legitimate, I would say, with a caveat: if only you know very well what is the right payment for your car.
    - Is your payment right? The fact that you got the dealers down from $274 to 200 is impressive, but not because 200 is so good, rather, because 274 for LX is out of bounds.
    - $200 for LX at 12k/yr and 2k down is about a standard (called Special Featured) Honda promotion, which is quite adequate, to my mind; still there is room to do better.
    - Just an example: the poster msssny, post # 3666, will pay $400 less than you over 3 years for a much better car (LX-P).
    - Doing better usually involves much haggling, though, and may be not up to everyone. The popular opinion that you send an email asking for an "internet price", and start receiving a lot of offers below MSRP, is just another urban legend.
  • Here is my pure price on my lease Accord LX 2010:
    The Total Cost (with tax and everything included) of $7339 / 30 = 245 per month
    I think pretty decent deal. What do you think? Also I was wandering if it was better to have it for 36 mounts instead? I asked if at the end of the 30 month they would consider extending the lease with 6 more and they said its possible but the lease company will have to decide...

    Here are the details of my deal as in the contract:
    Capitalized Cost Deduction (amount payed in cash) - $1573.44
    Sales Tax on the Cash - 118
    1st month - 178.45 (166 plus tax in FL)
    Initial Title Fees - 60
    Tire Fee - 3.50
    Elec Fee Battey - 29
    License - 201.55
    TOTAL $2163.95

    Plus 29 payments of 178.48

    TOTAL cost (with tax) at the end of the lease: $7339
  • ma2010ma2010 Posts: 5
    I just leased a 2010 Lx -P for 1800 plus documentation & title fee of 290 and first month payment.

    My monthly payment is 187 including tax. for a 30 month lease and 12000 miles per year.

    Is this a good deal...
  • That sounds like a great deal. Which dealership/salesman was it in NJ...I need to pick another one up for my parents very soon and would greatly appreciate your help. Thanks!
  • Hi,
    My first lease so I have two questions:
    1. If I need to move in a different state will Honda Lease Trust allow me to drive/register my new Accord in the new place? If so do I just pay the new registration/title as only additional expense or there are more fees?
    2. I just see that the Lease Agreement has a section called "Estimated fees and taxes during lease term" and the amount there is "estimated" to be 1051.70. Is this amount already included in my "Total amount I will have paid by the end of the lease" or this will be billed at the end of the lease additionally?
  • Car Man, would you please post the newest (1/2010) Money Factor and Residual for a 2010 Accord Coupe EX-L, 4AT for 36 months, 36000 miles when they become available? Thank you.
  • Thanks Tymo. Sorry for the delay in my response. I took some time off for the holidays. Honda is actually scheduled to introduce its new January lease program some time later today. I can provide you with what its December lease program was like for the Crosstour, but its new program is likely to be very different. Please feel free to check back with me in a day or so and I should be able to give you an idea of what the new program is like.

    Honda Finance's December buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord Crosstour EX-L with 15,000 miles per year are .00133 and 60%, respectively for consumers who qualify for its "Super Preferred" credit tier. The addition of navigation knocks two percent off of this car's residual value.

    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome Chris. As long as you stay in the continental U.S. moving with a lease isn't a problem. Honda won't charge you anything additional.

    Any fees or taxes that you have to pay on your lease will either be paid at signing or baked into your monthly payment. You won't get tagged with all sorts of taxes and fees at lease-end. Some banks charge a disposition fee when lessees return their vehicles, but to the best of my knowledge Honda Finance still does not charge one.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi michaelfn. Honda is actually scheduled to introduce its new January lease program some time later today. I will provide you with its December lease program for the car that you are interested in now, but keep in mind that its new January program is likely to be very different.

    Honda Finance's December buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord Coupe EX-L 4-cylinder with 12,000 miles per year were .00133 and 57%, respectively.

    Please feel free to check back with me in a day or so and I'll gladly give you an update on what the new program is like.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi CarMan,

    I just leased a '10 Accord EXL with 15k/yr allowance.

    I have excellent credit 750+, and this was my deal after some negotiations.

    $770 Down
    $352/mo including Tax
    Options LoJack installed (+450 after negotiations)

    is this a good deal? finalized the lease Jan 4th..

  • Hi vincinity. Congratulations on getting your new Accord. The easiest way for me to tell if you got a good deal on your lease is to look at the selling price that you were charged. Let me know what that number is and I'll tell you what I think.

    Prices Paid: Buying & Leasing Experiences Forum
  • Wanted to know if this is a good offer for a 2010 Accord Coupe EXL V6 without Navigation.

    Car Sticker is $30,015 and lease is based on purchase price of $25,884. With $1,000 down, monthly payments are $359 including tax for 36 months with 12,000 mile monthly allowance.

  • Hi,

    I'm looking to get a 2010 EX-L Coupe (4-cyl Auto). I'm in the north SF Bay Area (Zip 94954). I haven't gotten any quotes yet, but plan on going back to the Internet department at a dealer I have done business with before. What's a reasonable price? Invoice $25,074 including destination. I was thinking of around $24k as a starting point, but not sure if that's still too high?

    Also curious what the money factor and residuals are on 24/30/36 month options (with 12k miles/year). I should add that I expect to be able to qualify for the highest credit tier (my scores are about 780).

    Thanks in advance,

  • HI absilver13. The selling price that you were quoted on the Accord that you are interested in is very attractive. Just make sure that the dealer that you are working with uses Honda finance's current buy rate lease money factor of .00132 (for consumers who qualify for its top credit tier) to calculate your payment and you're in business.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Bill. If I was in the market for a 4-cylinder Honda Accord right now, I personally would shoot for a selling price of dealer invoice minus the $900 dealer cash that is currently available on it.

    Here's the lease info that you requested. Honda Finance's January buy rate lease money factor and residual value for a 24 month lease of a 2010 Accord EX-L Coupe 4-cylinder with 12,000 miles per year are .00132 and 62%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical 30 month lease are .00132 and 59%. The 36 month numbers are .00132 and 56%.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man,

    Could you post the current (Jan. 2010) money factor and residual values for 2 Accord sedans? Both 4dr. automatics and both 36 mo., 12K/yr. lease. Zip code 31408
    1) LX
    2) EX

    Also, is that $900 dealer cash available on ALL Accord 4 cylinders or just the 2010 Accord EX-L Coupe?

    Thank you!

  • ma2010ma2010 Posts: 5
    I got it from Open road honda .. Ask for Nadeem the sales man. Number 732.839.4787 ... If you are in NJ your taxes will be should cost you 170 plus tax
This discussion has been closed.