My Take: Doesn’t seem Honda is providing much support on the Accord this month. The positive news is that despite the high money factor, the residual value of the Accord is still high enough to make this lease relatively reasonable. There is also $1000 dealer cash available, so remember that during your negotiations. Lastly, Edmund’s TMV suggests a sale price of $364 below invoice on the EX V6, so keep that in mind as well. Remember, stick to the 36 month lease because Honda only offers bumper-to-bumper warranty for up to 3 years. I love Honda’s leasing program because it always includes GAP coverage, $1500 damage waiver and no disposition fees. Same goes with Acura leases.
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At Invoice | At MSRP | |||||
Make/Model | Invoice | MSRP | 24-month | 36-month | 24-month | 36-month |
09 Honda Accord Sedan EX V6 | $24,651 | $27,125 | $389 | $360 | $499 | $436 |
NOTE: Estimates assuming the following conditions:
- Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
- Local Taxes not included.
- 24-month/15k and 36-month/15k terms.
- All cars are stock, without any options.
2009 Honda Accord January Lease Rates
2009 Honda Accord Sedan EX V6
24-month | 15k miles | residual 67% | .00280 base money factor
36-month | 15k miles | residual 58% | .00280 base money factor
48-month | 15k miles | residual 49% | .00305 base money factor
2009 Honda Accord Sedan EX-L
24-month | 15k miles | residual 65% | .00280 base money factor
36-month | 15k miles | residual 57% | .00280 base money factor
48-month | 15k miles | residual 48% | .00305 base money factor
2009 Honda Accord Sedan EX-L V6
24-month | 15k miles | residual 65% | .00280 base money factor
36-month | 15k miles | residual 57% | .00280 base money factor
48-month | 15k miles | residual 48% | .00305 base money factor
Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!