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2013 and earlier-Honda Accord Lease Questions
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Comments
Thanks again.
The car I wish to purchase lists for 22,500. What do you think I could get them down to? Also, I would like to add a spoiler to that. Please let me know what you think my payments would, or should be at (ballpark figure). Thank you for all your help on this board.
Any help is appreciated.
If your dealer isn't calculating it correctly (which is doubtful), then Honda Finance will kick the paperwork back to him..
regards,
kyfdx
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Also, I'm considering purchasing an extended warranty for the car. Warranty Direct offers a 100,000 mile/5 year plan for about $1,100.00. Do you think it's a wise purchase?
The extended service agreement depends on personal preferences]. How many miles are on the car now? And is it 5 years from the original date of sale or the date you purchase the agreement?
2006 Honda Accord 4dr Sedan EX
24 mo/15k mi - 66% residual – Money Factor .00192 Base Rate
36 mo/15k mi - 57% residual – Money Factor .00192 Base Rate
48 mo/15k mi - 47% residual – Money Factor .00235 Base Rate
60 mo/15k mi - 35% residual – Money Factor .00430 Base Rate
24 mo/12k mi - 67% residual – Money Factor .00192 Base Rate
36 mo/12k mi - 59% residual – Money Factor .00192 Base Rate
48 mo/12k mi - 49% residual – Money Factor .00235 Base Rate
2006 Honda Accord 4dr Sedan EX-L
24 mo/15k mi - 67% residual – Money Factor .00192 Base Rate
36 mo/15k mi - 57% residual – Money Factor .00192 Base Rate
48 mo/15k mi - 47% residual – Money Factor .00245 Base Rate
60 mo/15k mi - 36% residual – Money Factor .00440 Base Rate
24 mo/12k mi - 68% residual – Money Factor .00192 Base Rate
36 mo/12k mi - 59% residual – Money Factor .00192 Base Rate
48 mo/12k mi - 49% residual – Money Factor .00245 Base Rate
2006 Honda Accord 4dr Sedan EX-L (V6)
24 mo/15k mi - 67% residual – Money Factor .00192 Base Rate
36 mo/15k mi - 57% residual – Money Factor .00192 Base Rate
48 mo/15k mi - 47% residual – Money Factor .00245 Base Rate
60 mo/15k mi - 36% residual – Money Factor .00440 Base Rate
24 mo/12k mi - 68% residual – Money Factor .00192 Base Rate
36 mo/12k mi - 59% residual – Money Factor .00192 Base Rate
48 mo/12k mi - 49% residual – Money Factor .00245 Base Rate
The car has about 33,500 miles on it. And the service agreement is 5 years from the time the warranty is purchased, or 100,000 miles, whichever comes first.
Do you think, in general, that if something is going to break on a car, it will probably do so within the first 3 years or so? That's pretty close to the premise I would go on for most appliances.
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I believe the best price is 20,600 with the rear wing added. I plan to lease the car for 42 mths/ 12000 miles, 9.75% tax. Please keep in mind I am 3,000 upside down in curent vehicle. How much do you think my payments should be? Thanks so much!
I noticed all the useful info you've been providing and thought you might be able to help. I'm interested in determining what the money factors and residual values might be on a 2006 Accord EX 2door coupe (5spd MT, NOT the V6) for three different periods of time - 36, 39, and 48 months (15k/miles per year on all). Any help would be greatly appreciated. Not sure if you need additional details or parameters to calculate. If so, please let me know. Thanks!
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I'm interested in the current factory lease incentive
for the 2006 Accord LX SE. Is it possible to get a local dealer to improve upon this? If so, what should I ask for?
I want to lease in the LA area. The deal is as follows:
2006 Accord Special Edition LX Special Featured Lease Terms
$239 per month for 42 months. $1,999 total due at signing.
Special lease rates available on all new 2006 Accord models. Offer =
valid through 1/03/2006 for new and unregistered 2006 Accord Special =
Edition LX Automatic Sedan Vehicles (Model CM5636EW). Only on approved =
credit by Honda Financial Services through participating dealers. Honda =
Financial Services' standard credit criteria apply. MSRP $22,825.00 =
(includes destination). Actual net capitalized cost $20,070.40. Dealer =
participation may affect actual payment. Total monthly payments =
$10,038.00. Option to purchase at lease end $12,553.75. Lessee =
responsible for maintenance, excessive wear/tear and 15 cents per mile =
over 12,000 miles per year with MSRP less than $30,000. For vehicles =
with MSRP of $30,000 or more, mileage cost is 20 cents per mile over =
12,000 miles per year. See Dealer for details. Subject to limited =
availability. Lease rates subject to change without prior notice. Not =
all buyers may qualify. =20
FWIW, some people work out a deal with the dealer to get it certified. If you are worried about warranty work (and I would not with a 3yr old Honda) then perhaps you can go this route. This is tricky, you have to make sure you do not overpay for what, in effect, becomes an extended warranty. Also, I do not know the exact terms of Honda CPO...this is more common with BMW's for instance.
I am also interested in the factory lease incentive for 2006 EX Sedan 4 Cyl. I live in LA Area and looking at 12,000 miles/year.
-I went to one dealer in my neighborhood by asking for improving those 42 months deal to 36. And they accepted it with lower monthly payment around $259.99. However, the up front cost is $2,500 rather than $2,138 from manufacturer incentive.
-I received the internet quote from other dealer nearby at $21,513 including destination fee. How can I calculate the monthly payment from this price with 36 leasing months.
Comparing those two and manufacturer incentive, which one do you think is close to the real deal?
Thank in advance
As far as the leases that you mention, I'm sure a quick search will reveal numerous reasons as to why money down on a lease is not a good idea.
I need advice on negotiating lease on 2006 Accord EX V6 6sp w/NAV, fog lights and auto mirror. The best offer so far from a local dealer is $28,281 plus tax, registration and fees. I want to get a 42 month/15k annual miles and I'd like to keep my lease payments to about $400 a month. I've been pre-approved for a lease by American Honda, and I'm prepared to put about $2500 down. Are my expectations reasonable? Should I be trying for a lower price for the auto? I realize that right now I'll have to order this car. I can drop the lights and mirror now and add them later, to keep the payments within my requirements. Thanks for your advice and help.:confuse:
Don't have the selling price, but was quoted the following on an 2006 EX-V6 non-navi. Can you tell me if this looks good?
3years/ 36,000 miles
Monthly payment -- $388.10
Down payment --- $388.10
Thanks!
MSRP is 27850
Selling price - not sure, just got this quote.
When you get a quote, make sure it is "OTD" price that includes everything you pay (regardless if it is goes to dealership or the government)
The money factor is .00202 -- is that correct based on your AHFC leasing info?
Yes, the 388.10 includes taxes.
thanks
Hoping for money factor and residual value for 36 mo, 12 k per year on Accord EX V6.
Also, any insight into whether current lease incentives will cont into December?
Thanks in advance.
Sorry for all the questions, and thanks in advance for any help offered. I am looking to get a car by Monday.
Thanks again.
Honda's lease program is much more attractive on the 2006 Accord right now than it is on the 2006 Civic. As a result, the Accord is the better value, but the Civic might actually have a lower lease payment because it is a less expensive vehicle, price-wise.
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Assuming all of the cars that you are interested in are the same, theoretically the one that has the lowest selling price will be the best deal and have the lowest lease payment.
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For feedback on how good the price that you were quoted for this car is, stop by the following discussion: "Honda Accord: Prices Paid & Buying Experience".
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