**MSRP: $31,200
**Selling Price: $27,933
**Monthly Payment: $430
**Cash Due at Signing: $430 (First month payment only)
**Months: 36
**Annual Mileage: 18k
**MF: ??
**Residual: 59%
**Region: NY/NJ
5,000 excess damage allowance valued at $595 rolled into monthly payments
What’s done is done but you just payed Mercedes money for a Honda.
At 18k miles and all rolled in I would maybe get a stripped C300 or BMW 3-Series loaner.
You could have basically financed it at that payment for 60 months with about $3000 down. Absolutely awful deal. $15,500 to have an Accord for 3 years and then give it back. All of this being said, I don’t get the obsession with the new Accord. It’s absolutely hideous
Sales price is at least $500 too high. And yeah these lease awful.
The front mustache is fixed with the accessory sport grille. Unfortunately nothing will fix the claws on the back end.
Plenty of issues with it but it’s real hard to beat this car as a finance at $27k. For a lease I agree it’s nonsense.
What’s done is done. Let’s move on.
More than that, its 900 too high.
For 180 more a month I’m leasing a 38k Acadia AND a 35k Volt with 30,000 miles a year between them, plus about 2300 in negative equity rolled in on one of the deals, to put things in perspective a bit. You probably could have got two Volts with 10k each for less and switched off, if you’re into that kind of thing.
You all have very valid points which I mostly took into account before taking the deal. One flaw seen on this site is that it’s all about the deal and never about the car, the Accord 2.0 feels more refined than q50, Maxima, XE, Camry V6 etc. which would all cost similar amounts if not much more at this mileage. The logic not to finance was my dads, not mine, when someone contributes half the money you don’t ask questions 
So what was his logic? It’s great that he’s giving you half the money for a lease, but he could have bought half the car for you outright.
I may be in minority, but I agree the Accord is a very good car. Look at the tech on the Accord 2.0 touring and show me a C300 or Q50 comparably equiped. It’s not a 400 dollar lease anymore. Also, I want 38+ inches of legroom for a car seat which you aren’t getting in Q50 or C300. It’s a whole different class of vehicle. Also the trunk in Q50 is terribly laid out.
I’m debating between leasing, probs using nyclife due to my life getting crazy the past few weeks with work+child, or buying a 1.5 touring Accord. Was trying to hack an Accord a few weeks back and could not get anywhere. It just doesn’t make sense. Numbers work better to finance/pay cash.
I also have unique situation of living in Virginia. Annual car tax means I absolutely cannot lease two cars as electriceeliminator discussed and leasing German cars that hold value well (as opposed to say Volvo or Infiniti) also end up killing you in annual tax bills.
This website is for people trying to get the best lease deals possible… not the best car for the money. I think there’s a very distinct difference.
It’s why every chance I get, I make a joke saying “Not a Q50 or 3-Series loaner, terrible deal!”
I’d say 90 percent of the deals posted on here go with the majority of hackers saying “Terrible Deal! I could have gotten X-car for X-money!”
It’s all about perspective.
I will say though… for the 18k miles allowance, 430 is still a little high. I think the Sport could be leased for well below 400 a month at 12k miles. Definitely a bit too much for this to be a great deal on an Accord. Easiest place to start at would have been the sales price of the car. You’ll know for next time!
I don’t think anyone is arguing that it is a good car and a much better value than stripped down luxury cars. But you buy it, not lease it.
If you don’t particularly enjoy “hacking” a lease every 2-3 years, maybe just buy it and hold it for a while.
You’re paying full tax in VA regardless so there’s no tax benefit to leasing
All that’s doing is buying the badge. Not saying this deal is good, but there are other cars that would’ve provided more value than a stripper German badge.
At the end of the day though, it comes down to personal preference.
It’s not about enjoying, it’s about time constraints of a newborn and going back to work. Even getting to a dealer for a test drive is massive challenge. I never minded the back and forth dealer dance when my nights weren’t spent changing diapers and praying the kiddo stayed asleep.
@Ursus I think that is up for debate. I would say that plenty of people here think a base Q50 or C300 is a better value at a similar price point. Depends on value you place on badge/luxury touches. As I noted in my first post, Accord would definitely be cash purchase/financed vehicle.
Always easier to make a terrible deal when it’s someone else’s money.
I’ve been fortunate in the past to have had some situations where I was receiving a subsidy towards what I was looking to do, and I took the opposite approach, I tried to punch as far above my weight as possible with the additional funds, getting as much bang for my buck as I could.
If I leased this car at 365 a month, 0 down, with NY taxes is anyone telling me this is a stupid deal?
