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2013 and earlier-Honda Accord Lease Questions
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You're absolutely right. The state does regulate the maximum amount dealers can charge for the doc fee and, currently, that amount is $250. Some dealers mislead consumers when they say that the state "mandates" the $250 doc fee... nothing couldn't be further from the truth.
John
Accounting reasons? That's got to be a first! They should be able to account (itemize) for every item and every penny in the deal. Sounds like non-sense to me. I wouldn't let them get away with that!
John
I got the internet quote from TrueCar.com, so there wasn't much haggling. The salesman said something like I "backed" into a good deal, because I had already gotten a low internet price and they couldn't recover the trade in loss in the price of the car. You're right about the availability of this model. I called or e-mailed every Honda dealership within 100 miles and almost all of them didn't have the vehicle and weren't expecting to get any. Some offered to order one, but they couldn't match the low price I was already offered.
Here's the final deal being offered:
2010 Honda Accord EX V6
MSRP $27555
Vehicle Offer-$23200 ($2101 below invoice)
Pay off trade completely (even though worth below payoff)
3.9% APR
$3000 down
OTD payment for 60 months - $413 a month
This seems like a good deal...thoughts??
In another words is the agreed price is $23,200 and the cash back amount is $1000, you final price should be $22,200
Now, if its dealer cash which is different from cash back,( b/c dealer cash is when a dealer throws an incentive and cash back is incentive from manufacture)
then you could get both APR and dealers CASH
If you know, please share.
THANKS!
AHFC apparently considered my application to be "Standard Tier" instead of "Super preferred" or even "Preferred" tier.
I had negotiated 0 down and 35 payments of $249 for the 2010 Accord EX sedan Automatic before credit check and loan application. However when the application came back from AHFC, I was finally offered 0 down and 35 payments of $331 dollars. Residual was 15504 and MF of .00364 !!!!!!
Hope that helps...
So wait and choose the best deal
However, I am not sure if it is the AHFC or the dealership inflating the rates. You might be absolutely correct about the dealer hiking the price up. Now, as much as I do not want to. I am thinking of visiting the Toyota dealerships. I need the car, but do not fancy Toyota's as much.
But I can't imagine it would drive up the price by almost $100 a month.
Would you please provide the money factor and residual rate for the month of June on a 2010 Honda Accord 2.4 LX Sedan w/AT? The term I am looking for is 36 months at 12k miles per year. I am located in Central NJ. I understand they have different MFs for their credit tiers. Could you give me the numbers for Preferred and Super Preferred? Thanks!
Car_man
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Just make sure that the dealer uses Honda Finance's buy rate lease money factor to calculate your monthly payment and you're in business.
Car_man
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Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord Sedan LX 4-cylinder with 12,000 miles per year are .00158 and an outstanding 60%, respectively for consumers who qualify for its "Super Preferred" credit tier.
I haven't seen the factor for Honda Finance's Preferred tier, but I'll ask around and see what I can find out.
Car_man
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Car_man
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what dealership was this? I've been working with Burns in Marlton (my Ridgeline lease is ending soon), and i'm not liking what they're telling me. They aren't even in the ballpark.
The finance guy was trying to throw a selling price of $26, 063 out there. Of course, i expect a call and an email by next week with another offer. I'd rather not deal with these guys if they want to play too many games.
I would go to truecar.com and spec out your car and get a price from the 3 local dealers. Then go back and see if they will match or beat it. If not, go to one of those other dealers. I had no problem, My experience there was great. I have bought a few cars there before, and also brought in a number of other buyers to them. But if they would not give me the best price, I would go somewhere else.
Good luck.
Does anyone know the residual on the I4 2010 Accord EX-L with (and without) Navigation? (12k/36mo). Also, if you have it too, what is the residual on the EX?
Thanks so much!
I definitely was talking about the 4 cyl...their guy tried to even tell me there's no way he could get an EX-L that low (and I offered them $315/mo for a 36mo/12k lease) and suggested the EX trim if i wanted it in that range. I just laughed and told them i'm not budging and left. Maybe later in the month they will come around when they need to reach their numbers.
I liked our sales guy, he was nice. He helped me get my Ridgeline last time there. I also leased a 2004 Accord EX from there before that. I kind of felt disrespected. Funny thing is...I was using your deal that I read on here to tell the guy that I know this trim level had been lease at around $300 with less than 1k down. He of course acted like there was no way.
anyways, if you have any more advice to make some noise at Burns, please email me. gregrodg@gmail.com, Thanks!
Through July 6th, Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord Sedan EX-L 4-cylinder without navigation with 12,000 miles per year are .00158 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of an EX-L 4-cyl. with Navigation are .00158 and 56%.
The numbers for an otherwise identical lease of a base EX Sedan are .00158 and 60%.
When negotiating your lease on this car, make sure to take the $1,200 dealer cash that is currently available on it into account.
Car_man
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I have an 04 to trade in - should I have them reduce the Cap with my trade or would they cut me a check for remaining portion of my trade? I know June incentives are up today - would it be smart to see what July brings or move on it today?
Thanks for your help!
The final offer at the first dealership was: Zero down, $296/month. Was I turning down a good deal? Can I do better?
I'm from FL, sales tax is 7%, and dealer fees are ridiculous. Any input or opinions are greatly appreciated. I am considering going back tomorrow morning.
Thanks...
Car_man
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I was just wondering if anyone had any info on current deals on EX-L's both 4cyl and 6cyl with no nav? Residuals, invoice numbers, and such? I know things may have changed given the event they had going just ended. I am looking for a 36 mo/12k lease in the next week or so. Would the deals radically change after this event? Would a dealer still give me pricing from this sales event?
Thanks for your help!
I'm concerned when I show up the terms will change. Has anyone had experience with using the truecar.com dealers and the info they provide? I was working with a local dealer and called him after I talked to this truecar guy and told him what they were offering and said I wanted to give him a chance to match it. He doesn't seem to think I'll get this deal when I show up.
I'm hoping nothing changes when I show up. I'm wondering if you've come across better deals during your research. Any info you could share would be appreciated.
How about the deal? Is that good? :confuse:
I am in the last month of a 3 year lease on a 2007 Honda Accord EX-SE. Because I wasn't sure what I was going to do at the end of the lease, I had the inspection done. I will owe no excess wear & tear, but I am significantly over mileage due to an unexpected job change during the lease.
Anyway, my pay-off should I decide to purchase the 2007 is $15,000 & change. That's probably the easiest thing to do. My other option would be to lease a 2010 Accord and try to get them to waive the excess mileage fees on the old lease. Has anyone done that successfully? My credit rating is good but does anyone ever really get those teaser lease rates they advertise? Right now, it's $0 money down, no first month's payment, and $270/month for 35 months on the basic Accord. Does anyone really get that deal?
Before I do -
how does the Camry XLE compare to the Honda.
Has Toyota solved the recall problems.
Does anyone have the lease details such as residual % and money factor rate for a 36 month 12,000 miles for both the exl v6 and the xle v6
Thanks Gary
Can you please provide the MF and Residual for a 2010 Honda Accord Sedan EX-L V6 with Nav? Looking to pull the trigger on a 36/12 lease, living in Wisconsin.
Thanks!
thoughts? seems good to me. I think there is very little we will want to buy it after 3 years, so I don't care much if they moved up the price of the car in order to be able to make this offer.
Accord EXL V6 no navigation
Negotiated selling price - $26,189, no additional cap reduction with a downpayment
On a 36 month/12,000 mile per year lease with a total of $850.25 due at lease signing, base payemnet is $348.10 plus tax for a total payment of $378.56.
The residual is $16,121.70 (54%) and the money factor is .00121.
Depreciation seems a little low right? I have seen quotes on here at 58%?
Thanks for the input.
As far as these cars' lease programs go, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord Sedan EX-L 4-cylinder without navigation with 12,000 miles per year are .00121 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of a '10 Accord Sedan EX-L V6 are .00121 and 54%.
When negotiating your deal on this car, make sure to take advantage of the $1,200 dealer cash that is currently available on it.
Car_man
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Car_man
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More likely than not, the only way you are going to be able to avoid paying an excess mileage penalty is to purchase your current Accord at lease-end.
Car_man
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The numbers for an otherwise identical lease of a 2011 Toyota Camry vary by region. I would be happy to try to find out what its lease program is like in your neck of the woods if you tell me what state you are in.
Car_man
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Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Honda Accord Sedan EX-L V6 with navigation and 12,000 miles per year are .00121 and 52%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
When negotiating your deal, make sure to take advantage of the $1,200 dealer cash that Honda is currently providing on this car.
Car_man
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Here's my current deal on a 36/12 lease:
2010 Honda Accord Sedan EX-L V6 w/ Nav
MSRP: $31,855
SALE PRICE: $27,452
MF: .00121
RESIDUAL: 52%
SALES TAX: 5.6%
I live in Wisconsin so sales tax is added to each monthly payment.
My lease calculator shows roughly $375/month.
you asked re Camry
"The numbers for an otherwise identical lease of a 2011 Toyota Camry vary by region. I would be happy to try to find out what its lease program is like in your neck of the woods if you tell me what state you are in. "
I live in NYC
Gary