Honda Accord Value Package

[Superdoopercooper]

Anyone got one of these? How does it compare to the LX base model. It seems to be about $2k cheaper (I know it doesn't have VTEC). Is the LX worth the extra money? Anything else I should check out? EDIT: A 60 month buy term would make an ACCORD VP about $300 a month

BTW: I've thought about leasing either an Accord EX Leather or an Acura TL for around $400/month for 48 months, but I'm leary of the lease thing. I've also thought about buying either of those two cars (cuase I like leather), but I just don't want to deal with $500+ ish a month payments. I can afford it, but in this economy and weird times... who knows what'll happen to employment or jobs.

Any useful advice you can give me, would help a lot. Any silly comments are also welcome (tryin' to help you neffers out! )!!!

 

[RossMAN]

That's a very good question. When my mother was shopping around for a Honda Civic last year we found a few Honda Civic VP's which seemed like a base DX with extra options to make it look like an LX. But I think the LX is worth buying over the DX VP since when you go to sell it you can't sell it as the popular LX trim it's gotta be listed as a DX.

So I think the initial higher cost of the LX is worth paying more for than the DX.

Isn't Honda offering like 3.9% for 60 months on closeout 2001 models? Here's some great financial calculators to help calculate what a car payment would be. My favorite is the What's Missing? Loan Calculator where you leave one variable empty and it fills it in for you.

If you look hard enough you can find a "loss leader" 2001 Honda Accord LX automatic for around $16,700 in your local Friday, Saturday or Sunday newspaper. There are a few catches though, most dealerships only allocate 2 or 3 cars with this special low price, the colors, options, etc. cannot be change either take it for the "loss leader" price or pay a lot more for what you want.

I also hate the leasing option since I'm not building equity in a car and some of the leasing rules are really stringent like mileage limits (cannot exceed 15,000 miles per year), high down payments and after 3-4 years of making monthly payments you return the car and have nothing to show for it.

Assuming you buy a new 2001 Honda Accord LX for $18,500 at 3.9% for 60 months your monthly payments are only $339.87