Agreed, mostly. IDK about 3 years, but the longer you own it the smaller your effectively monthly becomes…depreciation ought to really slow down after year 2 or 3…
Because a lot of people are coming off leases from the old body accord, which used to go in the high 200’s. They like the car, don’t want to pay the dispo, etc…
I don’t know, I guess it just bothers me that people don’t see how bad of a lease it is. I don’t care how good of a lease it was 3 years ago, if the price goes up 100-150 dollars a month, it should be easy to see that it’s a terrible deal.
What’s confusing also is that I think it’s a great car to finance. They’re reliable with great resale value.
I wonder - how many of these cars coming off lease have residuals less than their current value and dealers are taking them as a trade (rather than return) and applying the equity as a CCR on the new lease to make it more palatable?
Accord leases suck. I spend ~$180/month LESS on a well equipped $45,000 Infiniti Q50.
Run away.
And what do you mean by dropping $12k more to have similar monthly payments? Your effective monthly payment on an Accord is $499/month. You can get significantly nicer cars for $0 down and $499 a month (or, like I did, $0 down and $320 a month).
First, I think some people on this thread could stand to be a little (or a lot) less abrasive.
Second, some here value the deal more than the car. You have to really be committed to that angle, which plenty are, or you will be unhappy with your car. I know I am not going to lease a qx60 just cause it’s a great deal. I’ve driven the new Accord turbo and it’s generally a better car than the TLX since it’s 3 model years newer. I could take or leave Infinitis cheaper offerings. They have their benefits and drawbacks but are not clearly superior vehicles.
That said, this car doesn’t lease well. You have to really do the three year math and see where you come out financing at 1.9% (Honda finance rate) versus leasing. I think you come out ahead financing. Of course that shifts risk to yo and you may not feel comfortable with that risk. Either way, you are going in well prepared so if you will be happiest leasing, go for it.