Lease a 2007 Honda Accord?

[fac90]

$209 per month with $1600 due at signing. Thats like $7/day and no car problems for a 3 years. I am fed with used car repairs. My cb7 is a total loss, but I am still driving it until I find a replacement.

If I decide to get the 2007 Accord EX, I will definitely get the oem foglights because I always wanted the oem foglights for the cb7.

[steelbluesleepR]

dont ever lease a car. you spend just as much per month that you could spend on OWNING a car while you are getting a slightly newer car that you dont get to keep it at the end.

[The G-Man]

Ok. Forget about modifcations though.

[1990Ex]

love the cb an the cb will love you back. but on a serious note i would not lease a car. after all the money you spend you will not get to keep it in the end. from what i heard its like renting a car that you will never own

[JohnD1079]

leasing is never, ever worth it. Unless its like those $120,000 bmws or benz whos price drops in half in 3 years, its not worth it
Buy the car, youll make maybe 1 more year of payments and then in the end its yours. Plus many people go over the miles and they like to charge you out the ass for that.

[fac90]

Thanks. I will go to the dealer and let them crunch the numbers for financing.
I can pay a good size down payment and hopefully get a low APR.

Perhaps they may give 0% APR for an existing Honda owner?

[Gemini]

good thing about leasing is that you are just paying for the value of the car for the years leased which in this case is $9124 after paying for 3 years. If you were to finane that car the payments will be atleast double and most likely the loan would be extended to more than 3 years(in alot of cases, unless you're ballin).

[tn_accords]

leasing is for ceo's and stuff... just go to the dealership and tell them what you can afford a month and let them do all the hard work.. if you don't like what they have to offer just leave. a little trick is to go and ask about a car several different times with different sales personal and see which one offers you the lowest price. that has worked a couple of times.

[HondaB18]

If you can wait till the 2008 model rolls out you can get a better deal on the 07, that is if you can wait. Leasing and financing differs from different person's situation. Your gonna have to consider stuff like will you be keeping the car for long (how long), how many miles do you usually drive, can you afford the payments (financing vs leasing).

[FishyMan]

good luck, but as others have said. get a brand new car because with WARRANTY, ur ass is covered for 3 years as well, much like the lease of 3 years w/o worrying.

the thing is, u get to OWN and keep the car. if not, buying a year or 2 older model wouldn't be so bad.

[newtuner7]

never buy a brand new car, unless its left over from last year. let someone else take the hit. be smart and save your money. most warranties are transferable so thats not a problem. i would definitely look at the dealerships for trade ins and such.

[owequitit]

Luckily, there are some prevailing heads in here.

Leasing is absolutely better than financing on a purely financial basis. You are only paying for the portion of the car you use, and thus your payments are lower.

If you were to buy a car outright, you are basically wasting money, because you end up paying the price of the car (in this case about $23K) plus interest. Over the course of that loan, including interest, you will probably pay $25-26 for a car that is going to be worth about $12-15K when you are done with it. So you lose about $10K right off the bat.

With leasing, if you intend to keep rotating to a new car it works out great, especially with Honda, because they hold their value so well. You basically trade the leased car in on a new one, and whatever extra value is there (the difference between the residual, and what the car is actually worth) is like a downpayment on a new car. If you do your homework, you will be able to roughly maintain your payment, but always have a new car, as long as car prices don't shoot up. If you lease on this deal though, you are likely to see a payment increase, because $200 a month is really cheap on these, i.e. a good special. Honda is clearing inventory for the 2008 to arrive.

You need to do some research on leasing before you do it, so that you don't give them any room to screw you. That is why most people don't like leasing. They don't understand it, and thus get the shaft given to themselves.

You need to know the value of the car, the length of the lease, the residual value amount calculated into the lease, and you will have to have pretty stout credit, in order for them to finance you. Also, mind the interest costs, and any other things they try and tack in there. Say no to everything except your foglights. If you have any questions, ask someone who knows a little bit.

[MadSpleen85]

^^That about wraps it all up..

[/thread]

Later

[owequitit]

There are disadvantages to leasing also, so it depends on the situation what is right for you.

It is just like buying a car outright with a loan. In order to get a good deal, you need to know what you are getting into, and what you are willing to accept BEFORE you go to purchase. There is all kinds of information on the web about leasing and its advantages and disadvantages, and the same for traditional financing.

[jay82985]

i was going to lease a 03 accord 4 door in blue but i said fuck it ill buy a use one or new one for next year than said fuck that ill buy my house for my daughter future leasing is good to built ur credit up but thats it u can't do anything after market with the car (alot of people lease to show off that why leasing is so big) but save up and buy it it much fun to call it ur not the bank