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2013 and earlier-Honda Accord Lease Questions
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Comments
All quotes are for "sign and drive" lease, which means NO money upfront and 35 payments - Honda pays the first one. Payments do not include applicable sales taxes. I was able to beat a deal below by $3/month on an EX in Eastern MA.
LX Auto: 12k/36m - $216, 15k/36m - $229
SE: 12k/36m - $229 , 15k/36m - $244
EX Auto: 12k/36m - $236 , 15k/36m - $251
EX-L: 12k/36m - $275 , 15k/36m - $291
EX v6: 12k/36m - $236 , 15k/36m - $252
EX-L v6: 12k/36m - $304 , 15k/36m - $322
Hope this helps.
Maybe the NE has more dealer cash?
How did you calculate these?
I just got the LX yesterday in south Jersey for:
211 down, no first payment, 35 payments of 211 after that. Includes everything - taxes, tags, ect.
They were acting like their heads were going to explode with the deal they were giving me saying they were basing everything off of an invoice price of 18, 698
I was pushing for 209 a month for 35 months (first month free) with 0 down but had to settle with what I mentioned above.
If you got the SE for 210 and NOTHING down then you are my hero and I am jealous!
The LX Auto deal is based on MSRP of $23,070.00, cap. cost of $20,146.76(rebate included) and money factor of 0.00065.
I got this quote from Weymouth Honda in MA. I got another dealer to beat a similar quote on EX Man by $3 a month - got my Accord on Friday.
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There must have been some additional incentive on the SE model the past few days. There was a thread on slickdeals.net yesterday with close to 300 posts alone on the SE lease deal. Some Ohio dealer posted an outrageous deal with 2200 down and 109/month for the 36 month, 12k deal. I could not get the numbers to work out despite trying most of the day.
http://slickdeals.net/f/4299776-2012-Honda-Accord-SE-109-Month-1500-Down-36-mont- hs?
Don't see how they do it, either, but agree with you.... must have been some special incentives on that model..
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price 21100
msrp 25450
residual .57 = 14507 at end of lease
36 mo
12k mi/yr
rate .00065
total out of pocket 2824
monthly payment 174 inc. indiana tax
What do you think was this a good deal?? :confuse: This was at a Louisville KY area dealer.
To clarify, they gave me the lease worksheet. I had to leave before they completed the paperwork so my mom signed w/o me there. The lease worksheet included a taxes amount of 1628, but I thought the only tax was paid on the monthly payment? I asked them about that and they said that is just like a placeholder or something. The only fee on the worksheet was a doc fee of 368, but I thought Honda charged ~600 lease fee too. Thanks for any help you can provide.
First time leasee here with questions on how to get a good deal in Minneapolis.
I'm a 24 year old young professional with a solid 763 credit score, $20k in investments and $12k liquid, renting a house for $800/mo. I'm disappointed with the used car market here so I'm resorting to leasing a Honda Accord, preferably an EX or EX-L.
My company may move me in 18-24 months, at which point I would receive a company car. For now, I'd like to enter a 24 month lease. I undertand 36 is most common, but I can't commit long term due to the probable move.
What do you recommend I seek for lease terms? I do not intend to purchase the vehicle, but like all of you, I'd like a low monthly payment with 0 down and little interest.
Help a first time leasee please? Much appreciated in advance!
I ended up haggling with 7 dealers and got one down to a 24 month lease @ $288/month on a 2012 Honda Accord SE (zero down, tax, title and registration included - 23 total payments)
I was pretty happy with it, as no other dealer could seem to match it.
Thoughts?
I am a first time leasee and want to get a deal like similar to yours.
Any chance you can upload some papers - of course you can mark-out the personal details.
Thanks a lot in advance,
Shimi
Tag & Title = 390
Dealer fee = 599
Dealer Loyalty Discount = -300 (I have no idea what it is)
Down Payment = 1000 (Paid by dealer... on paper)
Final sale price = 20289
lease acquisition fee = 595
Adjusted capitalized cost = 20884
msrp 25450 - 750 free residualized value = 24700
residual .57 = 14079 at end of lease
36 mo
12k mi/yr
rate .00065
monthly payment 211 + 6.5% tax
First Payment by Honda.
This car has dealer installed appearance package of $995. (Pinstripes accent, wheel lock, window tint, paint protection etc.)
My GF just leased one and it seems she got screwed over royally. Dealer told her her credit was @ 739, she traded in a car they were going to give her $3K for after payoff and she left with a Accord Special Edition Badge with 12k/miles/year and a $300 month payment for 36 months. I haven't seen the paperwork yet but after a bit of arguing (she wanted to do this on her own) she already told me that she asked for 15k/miles and is now wondering why she only has 12. She might be a bait and switch victim, I'll get to see the papers tomorrow.
In the meantime, does anyone have this month's current Honda lease deals for this car?
http://www.vosshonda.com/specials/new.htm
The zero down 12k miles/year payment is 189 (pre-tax) for 35 payments (Honda pays 1st month)
Additional info on the special SE lease can be found here:
http://slickdeals.net/f/4299776-2012-Honda-Accord-SE-109-Month-1500-Down-36-mont- - hs?
just found this:
http://media.dealerfire.com/websites/480/weeklyads/Honda-Specials---37770.pdf
I think a $300 a month lease for a Honda SE with a trade in valuing $3k in equity for a person who has a tier 1 credit rating is insane. I am an attorney and will probably bring an action against them if they refuse to lower her payment based on a bait and switch, but I really need to see all of the paperwork to figure out how exactly they screwed her over.
Car deals are all negotiations.. A bad deal is just a bad deal.. You are closing the barn door after the cow has already departed..
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Here is what I have on the "due at signing" deal:
12K/yr - 2455.80 all inclusive, then 119+tax for 35 months
15K/yr - 2455.80, then 138.68+tax for 35 months
Looks like the extra miles are being offered to me really cheap; less than the 10 cents I was quoted elsewhere. I'll post in the next couple days if all is well and I pull the trigger.
Gross Cap. cost - 17939 . Residual - 13149.90. Could not pass it up. This has been offered at the end of the last few months on in stock LX Accords. The dealership is Hamilton Honda, NJ. if anyone is interested. Like my knew Accord. I will like it more when I add back and seat supports as the stock seats are very poorly designed. I knew this when I leased but it wasn't a deal breaker. My last Accord also needed seat enhancements, mainly a seat wedge. The 2012 needs a wedge plus a complete back support. The front seats are designed to have you hunch over instead of supporting your lumbar and upper back.
Could you post the MSRP and the selling price for your deal. I assume the 595 acq fee is included in the 17939 but want to be sure. That would mean they sold the car at approximately 17344 which is quite low. Was this deal done on 30 April?
BTW, Malibu lease couldn't touch this deal and the sister Chevy dealer to this Honda dealer said exactly as much. A purchase of an LT with a package that stickers the same as the Accord SE would have been more than competitive, but GM has the handcuffs on leases.
Amazing deals in OH
I believe you got a very good deal. Two caveats:
1. HFS should make your first payment (April promo; now expired)
2. Doc fee in NJ is completely negotiable. What did they charge you for that?
http://blog.truecar.com/2011/07/26/which-additional-fees-should-i-pay-at-the-dea- lership-what-is-the-doc-fee/
nothing wrong with being frugal. in fact, more Americans need to watch their finances as closely as some of us. Look at forums like slickdeals dot net and fatwallet dot com if you really want to see frugal customers.
Enjoy your new car!
Hamilton honda is now advertising $179 no money down for 12k/36 months. Total payments 6444, residual 14334 and msrp 23070. The offer is until 05/14. Is this a good offer to take or there is a place for negotiation to get it down to $149 that you got?
The deal that I got was at the end April, in fact , the last weekend. At the end of March, they offered the same deal. I do not know if at the end of May, the deal will be once again offered. If you are not in a hurray, you might want to wait. Look at my previous posts to see the lease that I have. My total for the 36 months including taxes, doc fees, registration, tags.. everything is $7009.00. Make sure you have the total price so that you can compare. When they offer their end of the month deal, they won't negotiate. People snatch the LX's up.
Noone in the tri state area could match this price. Not one single Honda dealer in NYC, LI, nor northern NJ. They didnt have a Taffeta White one in stock at the time (which we wanted) but ending up getting our 2nd choice which was Celestial Blue/Black Interior. Great car for the money. Def recommend them.
To Phil Florentino or another young lady and negotiate
Over email. I have to say Hamilton Honda is a good dealership.
Plus they give you free lifetime car washes and oil changes. I'll never
Use that because I live 100 miles away. I drove that far from ny
To get the deal.
Keep in mind the reason why the accord is leasing
So well right now is because it's the model year end and also
End of the current generation. A redesigned accord is coming
Out in sept.
I think this dealership - Matt Castrucci Honda is a scam and should be put out of business
2012 Accord SE white/tan
36 months/36k miles
100% sign and drive lease... NOTHING due at lease signing
35 remaning payments of 285 including taxes (State is PA: 9% tax for leases).
They are also including a set of all weather mats. They say they have NO room left. PLEASE ADVISE ASAP!!! We are scheduled for delivery at noon tomorrow!!!
Why did you agree to delivery if the price was so high?
MSRP: 24,820
"Selling Price": 19,600
I paid 1,500 at signing which included:
- 921.92 Capital Cost Reduction
- 250.00 "dealer fee" (add to price - you pay sales tax on it!!!!)
- 82.03 sales tax on these first two
- 178.30 first monthly payment
- 67.75 title/registration/tag fees
35 payments to follow at 178.30 (includes capitalized tax and acquisition fees of 419.28 and 595.00).
Residual value is 14,063.50
I've never leased, but this was a good deal as leases go so I took it. I evaluated my decision by considering the lease like financing for three years with a balloon payment. With leasing of course I have the option to walk away without hassle not having paid sales tax on the full value, and to be under full warranty for 36/45ths of the miles and still under powertrain warranty for the balance. It was hard to consider buying this time around.
Excellent detailed write-up; best i've seen in a while.
Not much you can do about the optional $250 doc fee; all the Ohio dealers stick in in somehow (pun). Nonetheless, your excellent selling price of 19600 makes up for that. Total lease cost of $7740 is a great deal for a 15k per year lease. Did you price it at 12k per year?
Enjoy!
Consumers really need to read these forums as this has always been my best place for real-life/real-time info. Forget all the "estimates" of what constitutes a good deal; instead see what informed consumers are able to negotiate and look for the patterns and/or unknown incentives manufacturers and dealers are willing to play.
I really believe going new versus used is a better deal in the long run, IF one strikes when the deal is available and not when the need is pressing. For example, in late May 2009 I purchased a Pontiac Vibe. MSRP was 20,350, but ... GM was going to bankruptcy, Pontiac was eliminated, and many small-town dealerships were thrown under the bus. I bought at a dealership that was liquidating, used numerous rebates/incentives, had $3000 in GM card "points", and nearly $1000 in Citi Driver's edge. Before Tax/Tags/Title I essentially had a price of about 11,850.
Thanks to folks like yourself and others who post here I was able to lease for the very first time and get a good deal although I was a novice in this arena.
Thanks to all.
IMO, this is yet another government "good intention" that has backfired. When Ohio made $250 a "MAXIMUM" doc fee, there were dealers out there charging more. However, many were less. In May 2009 I was charged $150 for a doc fee; in Sep 2004, $75. I just think dealer associations decided, "if the Gov is going to dictate a maximum, then lets band together and call it $250 for all transactions".
So, like others here have pointed out, in advance of negotiating, decide upon your target price, but then deduct $250 (or allow whatever you wish them to receive) for your "real target". This way you can avoid the frustration and have won the psychological sales game despite letting them think they did. Again, you will pay sales tax on this "service" which should tell you something because in Ohio, one typically doesn't pay sales tax on services (e.g., HVAC technician working on your home heating system).
I'm a NY resident and so is the dealership.
Lease terms are 36 months, 12k miles per year through honda financial
Car is black on black, auto, leather, xm radio, etc
$600xx due at signing for 1st month, new plates and small doc fee ($75)
35 remaining payments of $325.
Just curious if I was ripped off or got a great deal. Thanks!!
Need more details like MSRP, sell price, sales tax rate, misc fees, residual %, money factor, etc. You can't just post a final o-t-d figure and expect an answer to that question.
it still baffles me why people post a deal AFTER it has been done and ask how they did...