Accord

2010 Honda Accord, Civic, Insight, Pilot Lease Rates – December 2009

Published by G

logo_hondaMy Take: Here’s a little flood of Honda lease rates. Couple of things stand out here for me; The low MF and high RV of the Accord and Insight. Back up a few months ago, the Insight’s MF where in the 0.00200+ range or 4.8% APR and up. Not so this month. The Insight is a poor-man’s(or woman’s) Prius, in my opinion. That’s not to say its bad, it’s just less techy that the Prius. From a financing perspective, I think this is a  really cheap car. Based on my estimates, if you can get invoice on it (doubtful but always worth a try), you can get a EX with Navi for 36m/12k for around $260 per month, with your inception fees due at signing. Tack on taxes and roll in the bank fee and you are looking at low $300s. You know, I am tempted to just get one and let the wife go crazy with it. She’ll probably appreciate not having to pay $40+ per week on gas.

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2010 Honda Accord

2010 Honda Accord Sedan LX
36-month | 15k miles | residual 59% | .00083 base money factor

2010 Honda Accord Sedan EX-L
36-month | 15k miles | residual 57% | .00133 base money factor

2010 Honda Accord Sedan EX-L with Navigation
36-month | 15k miles | residual 55% | .00133 base money factor

2010 Honda Accord Coupe EX-L
36-month | 15k miles | residual 55% | .00133 base money factor

2010 Honda Civic

2010 Honda Civic Coupe LX
36-month | 15k miles | residual 58% | .00065 base money factor

2010 Honda Civic EX Coupe
36-month | 15k miles | residual 57% | .00137 base money factor

2010 Honda Civic Si Sedan
36-month | 15k miles | residual 59% | .00147 base money factor

2010 Honda Insight

2010 Honda Insight EX
36-month | 15k miles | residual 62% | .00137 base money factor

2010 Honda Insight EX with Navigation
36-month | 15k miles | residual 60% | .00122 base money factor

2010 Honda Pilot

2010 Honda Pilot EX-L 4WD w/o RES
36-month | 15k miles | residual 51% | .00197 base money factor

09 Honda Accord Lease Rates – August 2009

Published by G

logo_hondaMy Take: Not bad, but not great. The residual values have taken a hit on the Accord since we’re entering the 2nd half of the year. The money factors are lower than before, but I see this reduction mainly to compensate for the drop of residual. There is $1500 dealer cash, but you can’t use it for special financing. Chances are, you won’t be able to use for leasing though, but I would double check with your dealer to be sure. In my experience, dealers are fairly open about lease cash, factory cash and incentives. They are a bit more secretive about their money factors, even more so than the residual values. Of course, not all dealers are like that, just some. Going back to the Accord, I can’t seem to get myself to recommend it because the rates aren’t very attractive.

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2009 Honda Accord

2009 Honda Accord Sedan EX-L
36-month | 15k miles | residual 53% | .00171 base money factor

2009 Honda Accord Sedan EX-L V6
24-month | 15k miles | residual 60% | .00171 base money factor
36-month | 15k miles | residual 53% | .00171 base money factor
48-month | 15k miles | residual 43% | .00280 base money factor
60-month | 15k miles | residual 36% | .00335 base money factor

2009 Honda Accord Coupe EX-L V6
24-month | 15k miles | residual 57% | .00171 base money factor
36-month | 15k miles | residual 50% | .00171 base money factor
48-month | 15k miles | residual 41% | .00280 base money factor
60-month | 15k miles | residual 33% | .00335 base money factor

09 Honda Accord Lease Rates – May 2009

Published by G

logo_hondaMy Take: I’ll be honest here, I don’t like the Accord’s money factor, but the residual is very nice, so you should still have a decent deal out of this. With most cars selling for around invoice or less nowadays, you can probably score are nice low payment. Remember that high residual cars should probably just be leased, not bought-out at lease end, otherwise, you will end up paying more than buying it outright. There is $1500 in dealer cash that can be used with the special financing of 3.9% for 60 months, so remember when you negotiate your sale price.

At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Honda Accord Sedan EX-L $24,605 $27,075 $404 $354 $508 $425

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • No rebates/incentives applied

2009 Honda Accord

2009 Honda Accord Sedan EX-L
24-month | 15k miles | residual 63% | .00207 base money factor
36-month | 15k miles | residual 55% | .00207 base money factor
48-month | 15k miles | residual 46% | .00305 base money factor

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The Wall: Allan P’s Honda Accord EX-L V6 Sedan

Published by G

Name: Allan P.
Location: Miami Beach, Florida
What He’s Got: 2009 Honda Accord 4 door, EX-L Six cylinder, Polished Gun Metal/Gray Leather Interior.
What It Cost: 36 months, 12,000 miles per year, total cash out of pocket $ 595.00 includes 1st month plus other fees, total payment including 7% sales tax $ 343.00/month.

My Take: $595 at drive-off?? NICE! Top of the line Accord EX-L V6 is nearly $30k MSRP! For those looking at the Acura TSX. I think this deal seems to be better. Less money upfront, more or less the same amount per month. Plus you get a V6 too boot! Well done Allan!

UPDATE: Got the pics from Allan today and I have to say, this car looks pretty sweet in polished gun metal. I always liked the dark great look. Sweet ride Allan.

Want your ride featured on RIDE with G? Head over to THE WALL for more information.

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09 Honda Accord, Odyssey Lease Rates – April 2009

Published by G

logo_hondaMy Take: It’s rather funny how most people associate “high resale value” with all of Honda’s cars when in reality, only a select few retain their value well. Take the Odyssey for example, this is probably the best minivan on the road, yet its residual value is a paltry 46% after 36 months. Lease residual values may poor guestimates of real resale value, but there is still some truth to them (In most cases, resale are that much better while trade-in values are much worse). The only two rides that hold value exceptionally well are the Civic and the Accord, since they are fairly inexpensive and highly sought after. Normally, I would take the time to calculate the payment estimates for these two rides, but with the money factors this high, I would recommend that you look into a purchase instead of a lease.

2009 Honda Accord

2009 Honda Accord Coupe EX-L
24-month | 15k miles | residual 61% | .00225 base money factor
36-month | 15k miles | residual 54% | .00225 base money factor
48-month | 15k miles | residual 45% | .00305 base money factor

2009 Honda Odyssey

2009 Honda Odyssey EX-L w/ Res & Nav
24-month | 15k miles | residual 53% | .00250 base money factor
36-month | 15k miles | residual 46% | .00250 base money factor
48-month | 15k miles | residual 38% | .00305 base money factor

09 Honda Accord, Pilot Lease Rates – March 2009

Published by G

logo_hondaMy Take: Edmunds suggests a sale price of a few hundred under invoice on the Accord EX-L V6. There is $1000 dealer cash on this Accord, so I think you should get more than “just” a few hundred off invoice. If you manage that, you would be looking at $351 + tax on a 36-month/15k mile lease instead of $381 per month (assuming you pay all inception fees at signing).

The Pilot suffers from weak residual values, so you should consider buying it out at lease end (since you would have paid more than half of the car off already). If you don’t, its okay too. Honda has one of the best lease programs out there, so as long as you keep you miles within your contract and treat it well, you can return it without any penalties. There is $1500 dealer cash on the 4WD EX model, so be sure to factor that into your negotiations.

At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Honda Accord Sedan EX-L V6 $26,684 $29,375 $442 $381 $560 $462
09 Honda Pilot 4WD EX $29,747 $32,765 $534 $440 $664 $529

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • No rebates/incentives applied

2009 Honda Accord

2009 Honda Accord Sedan EX-L V6
24-month | 15k miles | residual 63% | .00225 base money factor
36-month | 15k miles | residual 56% | .00225 base money factor

2009 Honda Accord Coupe EX-L V6
24-month | 15k miles | residual 60% | .00225 base money factor
36-month | 15k miles | residual 53% | .00225 base money factor

2009 Honda Pilot

2009 Honda Pilot 4WD EX
24-month | 15k miles | residual 57% | .00151 base money factor
36-month | 15k miles | residual 50% | .00151 base money factor

2009 Honda Pilot 4WD EX-L
24-month | 15k miles | residual 55% | .00151 base money factor
36-month | 15k miles | residual 48% | .00151 base money factor

2009 Honda Pilot 4WD EX-L w/ RES
24-month | 15k miles | residual 54% | .00151 base money factor
36-month | 15k miles | residual 47% | .00151 base money factor

2009 Honda Pilot 4WD LX
24-month | 15k miles | residual 57% | .00151 base money factor
36-month | 15k miles | residual 50% | .00151 base money factor

2009 Honda Pilot 4WD Touring w/Nav
24-month | 15k miles | residual 53% | .00151 base money factor
36-month | 15k miles | residual 46% | .00151 base money factor

2009 Honda Pilot 4WD Touring w/Nav/Res
24-month | 15k miles | residual 52% | .00151 base money factor
36-month | 15k miles | residual 45% | .00151 base money factor

09 Honda Accord Lease Rates for January 2009

Published by G

My Take: Doesn’t seem Honda is providing much support on the Accord this month. The positive news is that despite the high money factor, the residual value of the Accord is still high enough to make this lease relatively reasonable. There is also $1000 dealer cash available, so remember that during your negotiations. Lastly, Edmund’s TMV suggests a sale price of $364 below invoice on the EX V6, so keep that in mind as well. Remember, stick to the 36 month lease because Honda only offers bumper-to-bumper warranty for up to 3 years. I love Honda’s leasing program because it always includes GAP coverage, $1500 damage waiver and no disposition fees. Same goes with Acura leases.

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  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Honda Accord Sedan EX V6 $24,651 $27,125 $389 $360 $499 $436

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.

2009 Honda Accord January Lease Rates

2009 Honda Accord Sedan EX V6
24-month | 15k miles | residual 67% | .00280 base money factor
36-month | 15k miles | residual 58% | .00280 base money factor
48-month | 15k miles | residual 49% | .00305 base money factor

2009 Honda Accord Sedan EX-L
24-month | 15k miles | residual 65% | .00280 base money factor
36-month | 15k miles | residual 57% | .00280 base money factor
48-month | 15k miles | residual 48% | .00305 base money factor

2009 Honda Accord Sedan EX-L V6
24-month | 15k miles | residual 65% | .00280 base money factor
36-month | 15k miles | residual 57% | .00280 base money factor
48-month | 15k miles | residual 48% | .00305 base money factor

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October 2008 Lease Rate for 09 Honda Accord Coupe

Published by G

My Take: The money factor on the Accord coupe isn’t looking very good. It gets worse if you try to lease the car for more than 36 months. The residual value is fairly high, so it will help offset the higher money factor. Personally I prefer a slightly higher residual value than a slightly lower money factor. A 1% residual increase is a far better discount than say .0001 money factor reduction.

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QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Honda Accord Coupe EX I4
24 Month – Residual 68% of MSRP – .00249 Base Rate
36 Month – Residual 60% of MSRP – .00249 Base Rate
48 Month – Residual 51% of MSRP – .00290 Base Rate
60 Month – Residual 38% of MSRP – .00290 Base Rate

2009 Honda Accord Coupe EX-L V6
24 Month – Residual 67% of MSRP – .00249 Base Rate
36 Month – Residual 56% of MSRP – .00249 Base Rate
48 Month – Residual 47% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2009 Honda Accord Coupe EX-L w/Nav V6
24 Month – Residual 65% of MSRP – .00249 Base Rate
36 Month – Residual 54% of MSRP – .00249 Base Rate
48 Month – Residual 45% of MSRP – .00290 Base Rate
60 Month – Residual 35% of MSRP – .00290 Base Rate

2009 Honda Accord Coupe LX-S I4
24 Month – Residual 68% of MSRP – .00249 Base Rate
36 Month – Residual 60% of MSRP – .00249 Base Rate
48 Month – Residual 51% of MSRP – .00290 Base Rate
60 Month – Residual 38% of MSRP – .00290 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com