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Car Forum / Honda Cars / December 2005

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lease fees for accord

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Dr Nick - 05 Dec 2005 00:13 GMT
hi, I'm leasing ym accord this week hopefully (06) and I was just wondering
what lease fees I should be looking at paying and hwo much they will be. I
got a great price on the car just want to make sure that I don't get slammed
when I go to lease it with extra fees. as far as I know there will be an
aquisition fee and probably security deposit. what else should I expect to
pay (besides tax title and license and first months payment) thanks

-Nick
Larry J. - 05 Dec 2005 00:28 GMT
Waiving the right to remain silent, "Dr Nick" <Drnick5@cox.net>
said:

> hi, I'm leasing ym accord this week hopefully (06) and I was
> just wondering what lease fees I should be looking at paying and
[quoted text clipped - 3 lines]
> probably security deposit. what else should I expect to pay
> (besides tax title and license and first months payment) thanks

Possibly a cap reduction amount.  When leasing, I usually ask for no
cap reduction and pay a slightly higher monthly rent instead.  After
all, one of the purposes of a lease is to conserve cash.

That is, if the leasing company goes for it.  Some of the "package"
leases from Honda may not be adjustable that way.

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 Larry J. - Remove spamtrap in ALLCAPS to e-mail

 "I've come here to enjoy nature.  Don't talk to me
 about the environment!" - 'Denny Crane'

Dr Nick - 05 Dec 2005 03:48 GMT
> Possibly a cap reduction amount.  When leasing, I usually ask for no
> cap reduction and pay a slightly higher monthly rent instead.  After
> all, one of the purposes of a lease is to conserve cash.
>
> That is, if the leasing company goes for it.  Some of the "package"
> leases from Honda may not be adjustable that way.

yeah, I plan to just pay the lease fees up front. I mean, say I pay lease
fees and put 2k down, and in a month I total the car.. the gap insurance
will cover the car, but I wont' see my 2 grand back. doesn't make much sense
to put down any more than you actually have to.
Larry J. - 06 Dec 2005 19:32 GMT
Waiving the right to remain silent, "Dr Nick" <Drnick5@cox.net>
said:

>> Possibly a cap reduction amount.  When leasing, I usually ask
>> for no cap reduction and pay a slightly higher monthly rent
[quoted text clipped - 9 lines]
> back. doesn't make much sense to put down any more than you
> actually have to.

The cap reduction cost is their way of getting the lease payment to
be lower.  If you're going to put out a lot of cash, it makes more
sense to purchase the car...

Signature

 Larry J. - Remove spamtrap in ALLCAPS to e-mail

 "I've come here to enjoy nature.  Don't talk to me
 about the environment!" - 'Denny Crane'

 
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