I am looking to lease a 2020 Honda Accord Sport 1.5T. What is the money factor with a 800+ credit score? The residual value is .60 and I am approved for a $500 loyalty credit.
What would be a good lease payment for 10k/36 month with tax included and no money down? I am in Florida. The selling price is around $24,500.
There is a FL broker for Hondas. Maybe a dealer as well but I’d compare at least 3 different dealers/brokers before you make a decision.
From what I’ve read on this site, edmonds.com posts all MF and RVs in a forum on their website. Good luck!
I think you paid a bit much for that lease. The $950 profit on your 2017 will offset your lease payments, but personally I wouldn’t lease that car unless under $265 a month. Anything over $300 is just wayyyy too much for a sport 1.5 accord.
I checked the Leaseharckr threads for any Honda Accord 1.5 lease under $300 with zero down/drive offs/customer cash and there are none. At least during the past few months. I know I tried to get my friend into a EX-L with no Navi with zero down/zero drive offs and discounts under $325 and couldn’t.
Honda’s are a bit tricky when buying or leasing for getting solid deals. When people ask for help with Honda’s I tell them used ones (12-24 months old) are expensive and its best looking at new.
I saw a very similar post today about someone selling almost the same vehicle to Carvana (with similar numbers) but was a 2017 and they made money on the deal. Can’t predict next 2-3 years but if trend continues for late model Hondas, he’s probably going to be sitting pretty.
I’m pretty happy with the deal considering that I used the $950 profit to pay part of the DAS. I tried 5 different dealerships in the Miami area and they were all much higher in price. I was very surprised that the 2017 Honda I had held its value and I was able to make a profit with 27k miles on it.
I was able to agree on $330/month on 2020 Honda Accord Sport 1.5T no out of pocket costs just the first months with 12,000 miles. The the out the door would be just first months payment $330 for 36 months. Is that a good deal?
At the risk of hijacking a thread; did you already sign for this? If so, just enjoy the car until the end of lease and come back before you sign the next deal.