Shopping around to get out of my current lease. I have a 2017 Hyundai Sonata Sport 2.0t. So far I’ve visited Hyundai, Toyota and Honda. This is the only sheet I have with figures on a Accord Sport 2.0t so I’m curious how these look to you all?
My trade in:
2017 Hyundai Sonata Sport 2.0t
41k miles with 6 months left on lease on a 36/12
$15,500 current buyout price
This one is a 2019 Honda Sport 2.0t. She (sales rep) is a former co-worker of mine so I know she’s not trying to make a big sale out of me.
$31k base with Honda loyalty. She didn’t give me specifics on residual or MF. Attached is screenshot of sale.
I think you can get more for the Hyundai. Ask for 1k more on your trade, and 1k extra off the sale price. Should be under 400/mo ideally. Around here they offer 430-450 for this car.
I too was in the market for a Honda Accord 2.0T sport… Honda would not budge on the price and the lease was outrageous with very high out of pocket cash… I then looked at the Acura TLX… I got a great deal on an A-Spec 4Cyl 2019 model for LESS THEN the Accord! Do yourself a favor and look at the TLX… You may be surprised how willing the Acura dealer may be… The TLX is a great car, although older then the new Accord (since it is based on older Accord GEN), Acura may have more flexibility to give the dealer better incentives to move the car, plus the TLX is going into a full redesign… more reason to move inventory…
I’d be comparing the base TLX to the Accord 1.5T, not the 2.0T…
@hozay09 the selling price is very good. You need to work on your trade more.
You may also want to consider financing the Accord to get the benefit of the trade in sales tax credit and save money on acq fee. Not much of a reason to lease an Accord at the moment IMO. No rebates and they hold their value very well.
Also why only do another 12k when you’re well over mileage? FYI Honda miles are dirt cheap up front ($0.10/mi) if you need more than 15k
Interesting. I haven’t financed in years mainly due to me enjoying swapping out cars every few years. I’ve never gone over on miles in past, this current vehicle is over due to a work assignment causing me to drive 100+ miles a day for nearly a year.
Hope you got paid at the sweet IRS mileage rate from it!
I’d do the math on your end. Accords have really conservative residuals (lower than BMW - LOL). Didn’t realize Accord MF is only .00056, that’s really good, much lower than you’d get for a finance.
FYI looks like there is $750 lease rebate, if she is baking that into your selling price the deal isn’t as good as I thought. I’d want to be at ~27,5 selling price without the rebates, so ~26,750 with them. That’s what I bought mine for Good luck!
Yes, so far Carvana and Vroom. Haven’t checked Carmax yet. Hyundai and Toyota both offered higher. So I know Honda can do better. Carvana’s offer was higher than Honda so there’s that.
What’s your highest offer so far? Get a lot of offers and tell your girl to match the highest. And to give you the rebate on top of the selling price she sent
Monthly payments look really pricey on a total of 32k, definitely need to see more info. MF, RV, etc. Should be able to get to ~360 total effective monthly price.
So far Hyundai has physically showed me an offer of 14,400. Toyota said they are offering $15,500 but I call BS on that. He hasn’t shown me in writing. Vroom and Carvana both offered $13k.
Good luck!
