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2013 and earlier-Honda Accord Lease Questions
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Car_man
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if you did get it, please let me know - i'm in NJ. I would jump on this if i found it.
I find your contributions here to always be extraordinarily helpful.
Could you please furnish the Honda Finance "Super Preferred" lease terms for 36 months and 12,0000 miles per year on 2011 Accord SE through what appears to be July 5th?
Looking for residuals and MF for 36 months and 15K miles per year. Thanks
After an hour of negotiating and the dealership giving me terrible options, I got it down to turning in my current car, leasing a 2011 Accord LX for three years, no $ down, $312/month. At first I thought it was ok, but the more I think about it -- I'd like to get the lease in the $250 range. Is this likely? When I called in this morning he made it sound like there was no chance, but I think eventually they'll budge. I made him break down the numbers (listed below) and this is what I need help with.
MSRP - $22,730
Cap Cost - $22,533.40. This is how he broke it down...invoice price $20,886. He claims the my base cap cost is $19,336 ($1,500 under invoice price) but then added $3394 for bank acq, registration, plates, window tint, first months payment -- totaling the $22,533.40.
Residual Value - 58%
Money Factor - .00077
Sales Tax - close to 8%
After adding everything (including tax) it came to almost exactly $312/month. Do I have any wiggle room with lowering the cap cost to closer to the $20,886 invoice price in order to lower my monthly payments. Also, the invoice price that he gave me seems a bit high. Hopefully this makes sense and any help would be greatly appreciated!!!!
Honda Finance's May buy rate lease money factor and residual value for a 36 month lease of a 2011 Honda Accord Sedan SE with 12,000 miles per year are .00077 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
When negotiating your deal on this car, make sure to take advantage of the $750 dealer cash that is currently available on it.
Car_man
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Honda is providing a $1,500 cash incentive on Accord V6 models this month.
Car_man
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Car_man
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Any idea what FICO meets the "Super Preferred" Credit Tier?
I am looking for the June lease numbers for 2011 Accord EX-L V4 NAVI and NO NAVI Respectively.
36 months 12k miles.
Thanks!
I finally got them to $300 under invoice. But if there is a $1500 incentive, they make $1200 - which in my opinion is way too much. What would be a good purchase price for this car and what would be a good lease price for 36 mos/12,000mi with $0 down? I know you are supposed to negotiate the price first and I think my Mom wants to lease another Accord. The dealers give me weird numbers for the money factor and depreciation and then they seem to work the lease off of a higher price. This is my first time negotiating a lease so I am lost in space and would really appreciate some help.
I am in Southeastern CT and could also shop in Westchester County of NY. Tri-State prices are ridiculous.
BTW, would it make sense to extend the lease til the 2012 cars come out - the issue would be if there is a warranty on the extention?
Thanks in advance for your help!
Car_man
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The money factor for the non-nav version of this car is the same, but the residual value would be 56%.
Car_man
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In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
You're already half way there if you've negotiated a selling price that you're comfortable with. Just make sure that the dealer is using that price to calculate your payment.
Honda Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2011 Accord Sedan EX-L V-6 with 12,000 miles per year are .00077 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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Just wondering about negotiating the price. I read here that there is a $1500 dealer incentive for an Accord V-6 til July 5th but I cannot find it on the Honda sites. The dealers do not want to even discuss it with me and say there is no dealer incentive now so I cannot use it to bargain. That would be surprising since it is toward the end of the year and I would think the Factory would give the Dealers some cash for the depreciation of a year end car. The prices without the incentive are still to high I think. Where might I find this dealer incentive of $1500?
Thanks so much for your help. It's nice to have this place to come to for some advice.
Thanks Car_man!
Could you please let me know ASAP as the lease is running out and I need to negotiate a new one with that added information. Also any feedback on prices for a BUY and on a LEASE for that vehicle. How much are you all paying for a car configured this way?
Thanks for your help!
We came up with less than she paid on her lease three years ago, which had no Nav in it. She is thrilled! Picked up her shiny new 2011 Honda Accord EX-L 6 cyl with Navigation today. The dealer had to swap a car for the color and leather she wanted even though every other dealer said they couldn't get it. The bottom line was about $1400 under invoice, $379 a month (includes the tax), first month free and just the transfer of the registration and tire fee ($12 - req. in NYS) down. It was her first Nav system and we spent an hour driving around playing with it!
I appreciate your help! Thanks a bunch!
Honda is scheduled to introduce its new July incentives some time tomorrow. It's difficult to say what they will be like, but please feel free to check back with me later this week and I will be happy to provide you with an update.
Car_man
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As I mentioned, Honda is scheduled to introduce a new lease program some time tomorrow. Please feel free to check back with me in a day or two and I will be glad to give you an update on what the new program is like.
Car_man
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Can you tell me what Honda Finance's July buy rate lease money factor and residual value is for a 36 month lease of a 2011 Accord Coupe EX-L 6-cylinder with Navigation and 10,000 or 12,000 miles per year?
Thanks!
PostTSX
I took a trip to one of the local Honda dealers today. Was presented the following offer on a 2011 Accord Coupe EX-L 6-cylinder with Navigation:
Cap Cost: $28,400
Residual: $16,154
Money Factor: .00049
They are buying out my 2009 TSX Tech MT Black/Black with 20,100 miles on it. I think there is at least $1500 - $2000 in equity available on the TSX to work with. My payout on the TSX is $21,400, and KBB lists it for $24,425 for a "Good" condition Trade-in value, or $26,625 for Private Sale.
PostyTSX
Car_man
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If I was in the market for an Accord right now, I personally would shop around with several dealers in my area. Chances are that one of them will have enough inventory that they will be willing to cut you a good deal.
Car_man
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Thanks in advance for your help.
I am looking to lease a 2011 Honda Accord SE
The "internet price" at bellhonda.com in Phoenix AZ is $24,700
I have a credit score of 658 and an monthly income of $4120. I have been at my job for 3 years.
I understand the there is a set money factor and residual for the "Super Preferred" credit tier people. But I know I'm not in that group.
What would be a fair residual and money factor ?
Looking for best numbers on 2011 Accord Sedan EX-L 4-cylinder (Lease 3yr. 12K per year).
Possible to get the numbers Selling price, Money Factor, Residual value.
Thanks.
PF
Honda is currently providing a $750 dealer cash incentive on leases of this car. If I was in the market for one, I personally would shoot for a selling price of a couple hundred dollars over invoice minus the dealer cash. The problem is that Honda is the manufacturer that was hurt the worst by the Japanese quake. Some Honda dealers have as little as 10 Day's Supply of vehicles in stock, so Honda dealers might not be that anxious to deal until inventory returns to more normal levels later this year.
Car_man
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John
The AutoLeaseGeek
with the following terms. Please advice if these are good or can be better. i would like a higher model but this seems to be the best on offer.
Model LX AT @ $20,988
Annual mileage 12k
Option 1
cash due : $613 for signoff
$269/month for 36 months tax included
Option2
cash due : $1672 for signoff
$239/month for 36 months tax included
Residual Value given is $13,316
My lease for my 2009 Honda Accord LX ends Sept. 16th. I want to do a lease extension since I'm not sure whether I will be moving to Manhattan within the next 6 months, and don't want a car there. I've been approved by Honda for purchase of the vehicle, which I first thought I would do, but don't want to make any decisions until I know where I will be living.
What fees, if any, does Honda charge for extending the lease? Can I do it month by month, for 3 months at a time or for six months? Are there any other fees or taxes involved and will my payment remain the same? I'm trying to discover what is entailed before contacting Honda Financial.
Thanks,
Dorothy
Car_man
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Could I please get the Honda Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Honda Accord with 15,000 miles per year. How much do these vary between the LX and SE models? Do you know the extra mile charges both prepaid and end of the lease? Thank You
Can you let me know if these deals/numbers are good/make sense?
Dealer 1. 2011 EXL V6, Sale price $27,180, Residual $17,202.06, MF 0.00040, sales tax in NC 3%, truly 0 down and monthly $340 (36 months, 12k miles/yr)
Dealer 2. 2011 EXL V6, Sale price, $27,436, Residual 53%, MF 0.00040, monthly $367 with truly 0 down.
When I enter the numbers on a leasing calculator, I get around $303/month. Any help would be appreciated?
The numbers for an otherwise identical lease of a '12 Accord Sedan SE with 15,000 miles per year are .00050 and 58%.
I believe that Honda Finance charges an excess mileage penalty of $0.15 per mile, less than that when purchased at lease signing.
Car_man
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Car_man
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1. The 2011 Honda Accord Sedan EXL V6
TrueCar Price: $25,866.
http://www.truecar.com/prices-new/honda/accord-sedan-pricing/2011/FE4B224A/?zipc- - - - ode=27606
Average Price: $29,412
Sticker Price: $30,400.
2. 2011 Honda Accord Coupe EXL V6
TrueCar Price: $26,140
http://www.truecar.com/prices-new/honda/accord-coupe-pricing/2011/C5A33812/?zipc- - - - ode=27606
Average Price: $29,372
Sticker Price: $30,700.
I have just started to look at either buying/leasing a new Honda Accord LX. I saw on Honda's website that there is an offer for $0 down and $250 per month for 35 months. Generally speaking, is this a good offer which I should accept? And is it negotiable? The numbers I got when using a calculator were in the $300-350 range per month for a $21K sale price, so I'm assuming this deal is good. But I would like to know if I'm missing anything or if there is anything to look out for?
Also, in terms of leasing vs. buying, my total payments for leasing the car is $8750 and the buyout price is $13770, for a total of $22520. If I purchase the car using Honda's 1.9% APR for 60 months, the total of payments for a $21K sale price is around $21,960. Based on this I am leaning towards leasing because the cost differential is not too large and it gives me the option to either buy/return the car. Does this sound right and what are your thoughts?
Lastly, if I do go the purchase route, what is a good price to pay for a standard Accord LX with an MSRP of $22,950.
Thanks.