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2013 and earlier-Honda Accord Lease Questions
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'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
By the way, lease prices are affected by your individual credit rating. Usually a credit rating of 750+ gets you the best finance rate in the dealership, plus it depends upon whether you are financing through the dealer's "favorite bank" or through the manufacturer, who may have special lower lease rates for a limited time.
we negotiated a price before the credit issue last month. we new her credit would be an issue so we agreed to additional money down and a few dollars more a month after they bought up the fact that her credit was not good. this was after the fact that honda denied her credit. so, is this a weasel attempt to get more money? besides asking for any requests in writing, is there anything else i should be looking for? any help would be appreciated. its been about 3 weeks that we thought we had a 'deal'.
'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
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
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I winded up leasing a 06 Honda Accord EX V6 Coupe with NAV last Sunday. The residual value is (53% + 2%)=55% and the money factor is .00086. I only put $571 down out the door and I pay $357/month which incl CA state tax. The agreed upon value at lease signing was $26,404, acquisition fee $595 which brought up the price to $26999.27 still under invoice.
It's a 36K lease with 12K/yr. I ran the numbers in leasing guide kit and it mentioned I got an excellent deal.It did mention however that the residual is 54% (I assumed that was with no NAV)
The finance manager even mentioned I got a great deal digging into their holdbacks and getting the vehicle $1000 below invoice.
Do you mind explaining to me that 2% diff why it was 53%+2%
was that because I got NAV ? they increased the residual by 2%to make my payments lower ? if that's the case, would that mean the car would really be 52% residual in the market place after 3 years (54% - 2% for NAV) ???
Thanks
Car_man
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According to carsdirect, I could get that car for $25,167. Honda's current lease deal includes a MF of .00076 and, as you stated, the residual is 58%. If I plug all of that into the Edmunds lease calculator, my payment, which includes NJ state sales tax of 6%, should be $325.25.
That number also includes a security deposit of $350 and acquisition fee of $500.
You need to get ALL of the numbers and review them carefully. You can plug them, as I did, into the edmunds lease calculator found here:
http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=lease_calc
Good luck!
'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
Now, even with the new money factor, I come up with a payment of about $328. So it seems to me they are probably charging you alot more for the car than is the fair going rate. As a matter of fact, it seems, based on my calculations, they are charging you around $1k under MSRP, which is way too much for this vehicle right now.
But, in any case, as you said, it could all be moot anyway. Good luck!
'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
May not be able to do everything by then.
Are the May rates that off from April and March?
What I'd really like is the LX V6... but I'm not sure if I can afford it. I have a 2002 Chevy Impala LS with 132000 miles on it. Edmunds says in average condition it would get about $4,700 toward trade in... which KBB says only around $3000... so I'm not sure which of those 2 to follow. :confuse:
My goal is to get payments somewhere in the vacinity of $225 per month... I know that's low, but I can afford to put some money down to get it to that point.
1st, what should I *actually* expect to get on my Impala... those 2 figures are *very* different. 2nd, can I do a 4 year lease with 15,000 per year on the LX V6, where sticker should be about $25,800 or so, and expect to get payments less than $250 a month without selling body-parts?
I need serious help!!
Nick
Thanks!
The accord is among one of my interests to replace my expiring lease.
Can you please provide the MF and residual for a 3 year 45K mile lease on an EX V6?
Thanks for the help.
Tim
MF = .00079
residual = 56% no nav, 54% with nav
'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
Have you received any price quotes? I am wondering if invoice or less is acheiveable.
Thanks again.
15K 36 month is what i'm looking for with $0 down.
I have not gotten quotes yet, but I'm going for invoice minus the $750 dealer cash Honda is providing on the Accord this month.
As a matter of fact, just by going to carsdirect, I am quoted invoice minus $600.
I'm just not sure when I can get to the dealer. Maybe Friday ... maybe next week. All depends on my schedule.
'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
Also, for the coupe, you would be at an MF of .00086 if you have top tier credit. (it would be .00076 if you at least paid the security deposit up front)
I don't know what your tax is, so that could change it a bit, but based on my tax rate (6%), I come up with about a $284/mo payment.
If you pay the security deposit up front, you'd be closer to $270.
'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
and LX V6 AT. 36 mo, 15k miles
36/12,000 lease
Residual 57%
MF .0028
MSRP $23,900
Selling Price $21,680
Residual end of lease $13,623
100.51 Int.
224.00 Py. (payment?)
is it possible to do better than this at the dealer?
could they do the same deal for $15k mi/yr?
thanks for any insight...
it's currently at .15/mi... can you negotiate it down to .10/mi or .12?
Absolutely. The advertised Honda deal assumes a selling price above invoice. At the dealer, you should be paying invoice, if not even lower.
'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
Hope someone can help here. I am in new york city
1. in turning in my 2003 leased honda accord dx with 22,000 miles can is it reasonable to expect the dealer to give me any value on the lease trade in towards my new lease??
(such as knocking off $20 a month on new lease).
in other words, is that a negotiable item at all??
2. where can i find out about honda's national special programs, and how dealers apply them. for example i am being told that there is a special deal now on honda accord v-6 and the SE, but not on civic ex. is that true? or can the individual dealer choose to apply national honda deals as they wish.
3. i wanted a 2006 civic ex, about $2,000 less on the dealer invoice than the honda accord se. yet, the dealer says the monthly payment will be the same because of other factors, including the mysterious "special programs" of national honda.
is this possible or am i being played.
4. what is the standard for bank fee charge in ny. i have heard between 550 and 800.
5. Since when do I have to pay for honda's advertising? I had an invoice price from this site, and they said it was "wrong" because I now have to add $250 for Honda advertising onto the price. True?
6. I have an offer for $285/ 36 months for a Honda accord 4 cylinder SE.
...first month, plus DMV down (about $595.
is this a decent deal?
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btw - I'm in NJ
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