2012 Honda Accord SE Lease - $247/month incl tax - $0 drive off YMMV

Great deal OP.
Wish my Dad would have held out for the same.
Alas, he needed to get a replacement car ASAP over the 4th.

Accord LX @ $199/36 0 down out the door.

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I hadn't seen it...it can also be a valuable tool for darwinism

Quote from F1Racer : Great deal OP. Wish my Dad would have held out for the same. Alas, he needed to get a replacement car ASAP over the 4th. Accord LX @ $199/36 0 down out the door.

not sure what is the diff between SE and LX, but that seems like a great deal

Quote from fredd369 : What I am trying to point out here: Leasing the "new 2013" car for $300 a month for 4 years Or buying a few years old used low milage car with a loan of $15,000 (so $300 a month for 4 years) At the end of 4 years, you keep the used car. And you return the lease car. You have an asset vs you threw away money and need to find another lease car to throw away more money. Are people superficial enough to WANT a "new" car every 3 years so keep leasing? sure. they also have no idea how to handle money. And i bet you are the breadmaker in the household yes? Of course your wife wants the brand new car, she isnt spotting the bills, too busy keeping up with the kardasians

Not to split hairs or anything, but $300 per month for 4 years doesn't pay off a $15000 car loan. $300 x 48 months = $14400, so you're a little short. Plus you haven't figured in interest on a used car loan - I'm showing 1.9% at my credit union, which makes the monthly payment $325.36.

Now if you want to buy that same car over 3 years (the usual lease term), your monthly payment is going to jump up to $429.57.....that's $182.57 per month more than the OP is paying for their lease......saying him/her $6572.52 over that 3 year period.

Now, assuming the OP really is deadset on an Accord, and this particular body style, they might have considered a used 2008-2012 Accord.

Maybe something like this: http://www.cars.com/go/search/det...d=93844993 That's the lowest mileage Accord I could find for under $15k within 30 miles of the OP.....and that actually doesn't seem like a bad deal.

I'm not a fan of leases, but having just bought a car 3 years ago, I realize that it is being increasingly difficult to find a new car for under $17k. Buying one over 60 months is going to be $284 per month or more. That might get you into a Fit or Civic, but not an Accord.

Quote from Haywood.Jablomi : Not to split hairs or anything, but $300 per month for 4 years doesn't pay off a $15000 car loan. $300 x 48 months = $14400, so you're a little short. Plus you haven't figured in interest on a used car loan - I'm showing 1.9% at my credit union, which makes the monthly payment $325.36. Now if you want to buy that same car over 3 years (the usual lease term), your monthly payment is going to jump up to $429.57.....that's $182.57 per month more than the OP is paying for their lease......saying him/her $6572.52 over that 3 year period. Now, assuming the OP really is deadset on an Accord, and this particular body style, they might have considered a used 2008-2012 Accord. Maybe something like this: http://www.cars.com/go/search/det...d=93844993 That's the lowest mileage Accord I could find for under $15k within 30 miles of the OP.....and that actually doesn't seem like a bad deal. I'm not a fan of leases, but having just bought a car 3 years ago, I realize that it is being increasingly difficult to find a new car for under $17k. Buying one over 60 months is going to be $284 per month or more. That might get you into a Fit or Civic, but not an Accord.

Quote from fredd369 : What I am trying to point out here: Leasing the "new 2013" car for $300 a month for 4 years Or buying a few years old used low milage car with a loan of $15,000 (so $300 a month for 4 years) At the end of 4 years, you keep the used car. And you return the lease car. You have an asset vs you threw away money and need to find another lease car to throw away more money. Are people superficial enough to WANT a "new" car every 3 years so keep leasing? sure. they also have no idea how to handle money. And i bet you are the breadmaker in the household yes? Of course your wife wants the brand new car, she isnt spotting the bills, too busy keeping up with the kardasians

Thanks Haywood for doing the math for us. Anther huge factor to consider is that when all is said and done, with the loan he will have an older car that will probably need more money on mtc or repairs, and, with the lease, you either have an option to "buy" (keep it) a used-card (with a known history) for a reasonable price or get another new one. With the loan you either keep your old (definitely older than the 30year-old out-of-lease car) or sell it, but there will also be depreciation there plus the hassle of selling it, or trading it it and taking a bigger depreciation there.

I called up a local honda dealer and spoke to the fleet sales guy, I was offered the exact deal in the post on the first shot.

I wonder if there is any more room to negotiate in these deals

edit: I don't have the money factor in front of me, but for this deal with top tier credit the converted interest rate works out to about 1.1 percent.

Another thing guys, there are good deals to be had on the accord whether you choose to lease or buy. They are dumping these things to get ready for the new model, so if you don't need the absolute latest and greatest you can really get a nice car for the money.

Quote from skez : I called up a local honda dealer and spoke to the fleet sales guy, I was offered the exact deal in the post on the first shot. I wonder if there is any more room to negotiate in these deals edit: I don't have the money factor in front of me, but for this deal with top tier credit the converted interest rate works out to about 1.1 percent.

thanks for the info, will definitely look into this one next month

The deal I paid on the 2012 Accord SE 3 months ago was $0 down, $228/m out the door with 10k miles for 36 months (with 1st month free).

I had a $4000 loss on the trade (stupid german resale value) that I added to the payments ($111/m) so my total monthly is $339.