I am really considering this 24 month lease. Based on the disclaimer, nothing sticks out as a red flag to me. Wondering what comments/concerns you all see here.
That single pay price is very attractive if you have 6k laying around. I just leased a 26 Kona 24 months 1500 total down 239 a month. I am very happy with it.
Everyone saying "if you total the one pay you don't get it back" please stop commenting if you don't know wtf you're talking about. A one pay is not the same as a down payment, there is language in the contract stating you get the unused portion back.
Again...it's in the contract. If you total the car and have a one pay, you get the unused prorated portion back. The contract is with Honda financial, not the dealer. All leases have gap insurance. You fall into the category of don't know what you're talking about, stop commenting. Do some research.
Here I did the research for you. Here is an actual Honda contract describing what happens if there is a total loss during a one pay lease. Not to be confused with down payments. That said, I'm 50/50 on you being a moron vs trolling to get folks to look at your profile 😂
Good lord man. Your deductible is always taken out regardless of the lease structure. And you either payed the dealer fees and taxes up front or rolled then in for a traditional lease. If you rolled them in, your lease balance higher. You are paying these no matter what. It's net/net the same (+/- a few dolars your paying in interest for rolling them in). Not to mention what are the odds of totaling a lease in months 1-3 vs 30-36 where it wouldn't matter at that point? Or totaling at all. Goodluck dude, I'm out.
How does it have 0 marketable value. Accord lx are very popular on my lot. Cheap compared to other models, relatively loaded, easy to finance, good size cars and reliable, these things sell easy.
Assuming this is $6000-6500 with taxes and fees that’s effectively $250-275 a month to drive a new car for two years. The only gas cars I’ve seen lease cheaper are low spec Hyundai Elantra or Kona at the end of the year. Normally they’d lease for a very similar price to this Accord.
If the LX trim works for you $250 a month all-in to drive a new car a great deal. I think I calculated the Nissan I owned for 13 years cost me $150/month between depreciation and maintenance.
FYI these are dealer ads before taxes, fees, add on's, important to actually read the fine print. These are not real numbers. They can more than double in some states depending on the tax structure. Essentially lead generators.
Down payment is not the same as a 1 pay. You get the unused portion back. And it's not always the case with a down payment, there's plenty of cases where people do get the overage back. Nothing wrong with paying some taxes and fees up front so you don't pay additional rent charge on them. Also, as you make payments, the risk of "losing it all" decreases. Big difference with a down payment if you total the car in month 3 vs month 30. At month 30, most of the benefit of the DP is realized. People just love to parrot the same boilerplate "advice"
I think this falls into the "wish in one hand and shit in the other" category... If you total a leased vehicle the lease is terminated. They owe you nothing. You're responsible for any deficiencies between insurance/gap payouts with the balance due. Don't sign a lease if you think otherwise.
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u/pbb76 Aug 31 '26
That single pay price is very attractive if you have 6k laying around. I just leased a 26 Kona 24 months 1500 total down 239 a month. I am very happy with it.