2007 HONDA ACCORD EX-L Lease ?

Question

What would a good LEASE deal be.? Being offered $340 mth, $0 down, 12,000 miles. 58 % residual.
EX-L loaded w/ leather, everything incl. XM radio,, --ALL except NAV sysytem.

Answer 1

i wouldnt lease a car because you end up paying more in the end and you have nothing to show for it you better off buying thay tell you ennythin to get in the show room and then what thay dont tell you is that deal was never there in the 1th place

Answer 2

The first person who answered was probably never open minded about a lease to begin with, so that's why he thinks you pay more for the car in the end. I totally disagree. Here's my take on your question. I leased a 2004 Honda Accord EX-L Coupe (the car was brand new when I leased it.) I leased it for 3 years. My monthly payments are $323.05 per month. I put zero down, and I'm allowed 15,000 miles per year. My lease ends in May 2007. By the end of my lease, I will have paid $11,629.80 in three years. Then, I have the option to return my car, lease it again or purchase it. I am going to choose to purchase it outright at the end of my lease term. On the paperwork you sign when you lease, the contract lists what your "buyout" amount would be if you choose to purchase it. Mine is $6,654.23 to buy the car at the end. Now, think of it this way: At the end, I've paid $11,630.00 already, and if I want to buy the car, I have to pay $6,654.00 more. Add that up and that comes to a total of $18,284.00 total that I will have paid for this car. I DID NOT pay more than the car is worth, like the first responder stated in his comment. Infact, I paid LESS than what the car lists and retails for. If I would've bought the car instead of leasing it, my payment would've been $100.00 more than the lease payment. With a lease, your monthly payments are always right around $100.00 less. Leases these days are a lot dirrerent than they used to be. You are allowed $1500.00 worth any bumps, dings, scratches, etc. when you turn the car in. You're technically never locked into a lease either, as people suspect. If I wanted, I could privately sell my car for $15,000.00 and I would have made $7,000.00. Subtract the $7,000 from what I paid already ($11,630) and that comes to $4,630.00 That amount is what I paid to drive the car for 3 years, maintenance free. That's a small price to pay! I will buy my car out at the end like I stated. I paid NO MORE for my car in a lease than a person did purchsing their car. Again, I probably paid less! I love leases, and I will definately lease again. It all depends on what deal you are getting and what the terms are. To me, I think you should take the deal you are asking about. You will find out in the end that it was well worth it. And, if you get sick of the car in the middle of the lease, sell it. Or, trade it in for a new car. You can do anything you want to the car just tike buying it, too. I hope this helps you some what. Good luck.

Answer 3

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