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2013 and earlier-Honda Accord Lease Questions
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Comments
OFD
outstanding deal......enjoy
Please share more details. Miles per year and length of term?
Money factor, residual, Honda cash?
Thanks!
Tom
When negotiating your lease on this car, make sure to take advantage of the $1,250 cash incentive that is currently available on it.
Car_man
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Don't have exact figures with me but...about...
Msrp 24+change
Sale price 19+change
Residual 56%
Don't remember the mf but I qualified for their top tier rate....
Car_man -> I know you are against the Cash up front ( talking about my $2,500 tradein ) but I really do not have time to deal with the sales of my car.
Do you think $150 month on 36month/12K year lease + $2,500 reasonable ?
I appreciate any advise...
ALSO: Looking for a suggestion of a dealership @ Good PRicing in MD, VA, DC Area if there is any - thank you
Look at post #4782 for a comparable deal. Yours is too high...
What is the selling price of the car that you're interested in? Let me know and I'll tell you what I think of this deal.
Car_man
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Thanks for all the help and information that others have shared.
0 up front
35 @ 227 + tax (242)
Turned in my 2010 Accord with 2 payments remaining of 248 which the dealer would make and then turn it in to Honda. Apparently it is not worth the residual.
I have e-mailed several dealers in the Philly area, and also found that Piazza seems to have the best internet prices--$20,053 for the SE. This price is higher than some quotes on this website, but I haven't gone into the dealer yet, and suspect that I can trim a little bit off of this number. Unfortunately, it seems more difficult to get a handle on lease costs. Excluding taxes and state/dealer fees, I've calculated that a 36 month, 15,000 mile/year lease should cost $205.85/month (using a $13,807 residual and .00046 money factor). However, the fees charged by dealers seem really inconsistent. For example, I received a lower quote from a dealer charging a higher price ($20,333 resulted in $452 down and $235/month with 9% tax included vs. $20,053 = $453 down and $236.31/month OTD). I have had no luck getting dealers to report their fees via internet. Does anyone have any idea what lease/registratiion fees should be expected in Pennsylvania? Thanks--this forum is the most informative website that I have come across!
(Also posted on the Buying Forum Site)
Previously reviewed great deals on the SE lease are 210/month pre-tax with zero down. PA doc fees are completely optional:
http://blog.truecar.com/2011/07/26/which-additional-fees-should-i-pay-at-the-dea- - lership-what-is-the-doc-fee/comment-page-1/#comment-53152
Your numbers are quite good considering the 9% tax. Only additional fess are temp license and first year reg fees (~100 here in OH, not sure about PA). Remember the supply is dwindling and so is there desire to deal. Pictures of the 2013 Accord were released a few days ago and it is very similar to this 2012 model. If i wasn't stuck in a lease til March 2013, I'd lease a 2012 Accord now. Good luck!
2012 Accord Coupe EX I4
-1,300 Total out of pocket includes first months payment
-$268 month 35-months 12k miles
-$284 month 35-months 15k miles
2012 Accord Coupe EX-L I4
-1,300 Total out of pocket includes first months payment
-$305 month 35-months 12k miles
-$322 month 35-months 15 miles
money factor .00046
Residual 52%
Selling price: (before Tax)
EX - $ 22,673
EX-L - $ 24,262
I beleive that these are both very good deals. (Both well below invoice) Just want to see what you guys think. I am thinking of going with 15k miles just to be safe, since the new 2013 is coming out soon it might be difficult to get out of the lease if I run out of miles with 12k. My main question: Is it worth it to get the EX-L at $38 more a month? or should I stick with the EX and cloth interior. Don't get me wrong I loved the power leather heated seats and leather wrapped steering wheel, but what else does the EX-L offer that would make the $37 more actually worth it. don't care about the xm radio and dual climate control, and outside temp display. What would you guys do? I am leaning towards the EX with 15k at $284 a month. I just don't see enough to warrant a $38 more for better seats. What do you think?
Also, is the 3 yr lease the way to go on this vehicle or are the numbers better for a 2 year.
Thanks so much!
I think the i-4 would be quoted around $2000-2500 lesser, which one is worth it? I currently lease a 2010 accord and am getting a little tired of the i-4 and wish I had little more action ....... maybe an i-4 EX with 190hp would be tempting?
Please comment
I'm being offered 12k, 35 payments on a 2012 LX @ $208/month here in Mississippi with $1500 down. Seems very basic and run of the mill. The dealer is claiming to eat the monthly taxes on the payment to get me right at $250 before the down payment.
Any thoughts?
A couple weeks ago I got an EX 4 sedan for 227 + tax ($242) with 0 out of pocket and if you consider the fact that the dealer made the final 2 payments on the 2010 I dropped off, it works out that the 227 is really like $215.
Thanks for the info. I think I'll get multiple quotes from regional dealers and see what my local guy wants to do then.
http://www.leaseguide.com/calc.htm
Honda Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Sedan EX-L 4-cylinder with 15,000 miles per year are .00046 and 52%, respectively for consumers who qualify for its "Super Preferred" credit tier.
The numbers for an otherwise identical lease of an Accord Sedan EX-L V6 are .00046 and 51%.
When negotiating your deal on either of these cars, make sure to take advantage of the total of $1,500 in cash incentives that are currently available on it.
A 2-year lease of these cars would definitely be more expensive than a 3-year lease.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks for the info..that is excellent info and gives me even more detail on the answers I need. I appreciate your help.
Bob
Car_man
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Did you close a deal with Piazza? I also found that they have provided the best internet numbers.
If you dealt with a trade-in or lease return, please advise as to how they treated you. Do they low ball the lease figures and therafter also low ball you on your trade.
Thanks
2012 Accord SE 36 month lease
12000 miles year
I do not have to make the one remaining payment on the current lease
No payment the first month
$271 payment including tax months 2-36
$372 at inception for tags
Good deal or should I try to negotiate more?
Assuming there is still decent availability as it appears the incentives are the same as August, I might check further.
30 days ago I had 2 payments left on a 2010 LX and thought I'd test the waters one weekend. Used Edmunds to e-mail several dealers in Central Florida. Two hours later I was on the phone with a dealer on the east coast (about 45 miles away) cementing a deal! Bigger dealers in Orlando would not deal enough.
Dealer took care of the last 2 payment on my 2010 and had to "dealer trade" for the 2012 EX auto 4 dr I wanted. $242 a month (incl tax) 36/12k with ZERO out of pocket. Three days later I was there and back in under 3 hours with my new one. Just in time for the ball game.
Can you tell me the name of the dealer? I am in Orlando and will be leasing a new Accord soon. Or at least tell me which city on the coast. Thanks.
I know its early, but I am stopping by the dealer on Wednesday, just thought I would have this info in my back pocket. Also, will these numbers change as it gets later into the model year, say in a month or 2?
Thanks!
Car_man
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So, according to Weymouth Honda's lease calculator, the monthly payment is about $406(before sales Tax), no down payment or additional expenses. Hopefully by the end of November, the money factor will be lower. Will see.....
I'm a 2009 Honda Civic lease holder. My lease is up next month and I'm looking for a new lease on the 2013 Accord LX or Sport sedan. I'm in good standings with Honda as I never missed a payment and have excellent credit. I'm not sure if I should be leasing now or wait until subvented lease offer from Honda. I don't mind not driving for a few months.
One dealer told me as long as my credit is good there's no reason to wait for subvented lease from Honda as they can still offer me the same deals. Another dealer in NYC quoted me $298/m for the LX and and $310/m for Sport with no down payment and $595 bank fee plus local tax and DMV fees.
-Is that a good deal in NYC?
-Does it make sense to lease now, or should I wait for subvented lease offer from Honda instead?
-Will the Sport be more expensive to cover for insurance?
-When should we expect subvented lease offer from Honda on the 2013 Accord?
Thank you!
JC
I went to a dealer yesterday, their first offer back was ludicrous... $589/mo with $2k down. I showed them the Weymouth price and a quote from Legend Leasing, both of which were under $350/mo, and they essentially laughed at me and said that I should look at a Civic EX, so needless to say, I won't be going back.
I'm willing to wait 6 months until the dealers' lots are fuller and they're more flexible on price. The money factor is a bit high still too. But WOW, is this new Accord amazing. Well worth the wait... Honda finally has their mojo back.
I picked up a 2013 Sport yesterday.
They only had three on the lot. Would not go for my autoshopper price of 23, 471. Car had wheel locks at say $65-$80 I did not count in.
However I returned a Honda on lease- so I went that route- Sold the car on lease at $24K, Was $357. a month 36 months. Not one dime out of pocket- they paid-tax, tags-registration- zero due from me in MD. 6%
They now supply floor mats- yeah you may laugh but. They also gave me lifetime oil changes and road assistance as Honda does not provide that.
I grumbled at Honda for years on road noise and a few other things. This car however is superb. I love the 4 cyl. Sport. Fantastic!
Jim
Curious about the ride difference between the sport and the LX. Did you drive both? Better start saving up for those 18 inch replacement tires They don't typically wear well especially with the shorter sidewall. Good luck with your new ride!
4 cylinder Accord EX-L should not cost more than $300/month to lease in NY. For $350 you should be looking at fully loaded 6 cylinder model. Especially considering that you will get the loyalty discount.
This is assuming good credit.
When new models come out they have no deals for these cars, to help dealers move older inventory. That's why it is not a good time to buy 2013 model but it is a great time to buy 2012 model, you need to wait until 2012 models are sold out and deals come out for newer model.
So my advice - tell the dealers to shove that civic EX up their [non-permissible content removed]. There is little difference between new accord and older model in price, dealers are just trying to make money. Do not believe a word they say. I hate to discover people paying $50 or $80 more for a lease because they pretty much got ripped off.
Honestly, I would wait until the lease programs get better. They are using Standard Honda lease rates now which are the equivalent of about 4% APR in the money factor rate. We are starting to stock up on Accords at this point, meaning the new 2013. We have 2012's left over as well but upper trim levels that you can get a spectacular deal on both in lease or finance. Up to $2750 in dealer cash for the V6 models and $2250 for the 4 cylinder Accord EX and above models, 2012. Plus the money factor rate on the 2012 is very low .00046. I would call Honda and extend your Civic lease month to month. I would probably expect in the next few months the programs will get better. In terms of insurance for the Sport model, the only thing that the sport model adds are the following features:
Leather wrapped steering wheel.
18" alloy wheels and tires
All black interior regardless of exterior color
Dual Exhaust
Rear Decklid spoiler
Fog lights
189 hp vs 185hp on the other Accords
Paddle shifters for the CVT transmission
I really don't think the insurance will be higher quite honestly. They are mostly cosmetic things and not a huge increase in power.
CS