LOL, Honda wants me to upgrade to a 2004 Accord...

[UNCjigga]

Got a letter in the mail from my Honda dealer, offering to buy back my lease vehicle at 110% or $2000 over NADA value (whichever is less.) I can then use the difference towards a downpayment on a brand-new Accord, keeping lease payments either the same (for a new LX) or slightly higher (EX). Basically it says that the used-car lot is empty and they have a lot of demand for previous-generation Accords, while their new car lot is overstocked.

The whole thing sounds like a gimmick to me and will end up costing me money if I go through with it, but the thought of getting a new Accord before my lease is up sounds appealing. My lease ends in April 2005. Are they just trying to sucker me into extending my lease (albeit on a new car) or is this deal actually worth something?

 

[Mill]

Total gimmick. Old trick to say the "used-car" lot is empty and they need your car.

 

[KingNothing]

It's like when you call Sprint's retention department and threaten to cancel. They offer you a better plan, but then you're locked into Sprint for longer. So instead of you leasing a car from Honda for one more year and then being free to choose something else, you're now locked into leasing with them for an additional X years.

Why are you leasing anyway?

 

[UNCjigga]

Originally posted by: KingNothing
It's like when you call Sprint's retention department and threaten to cancel. They offer you a better plan, but then you're locked into Sprint for longer. So instead of you leasing a car from Honda for one more year and then being free to choose something else, you're now locked into leasing with them for an additional X years.

Why are you leasing anyway?

$180 a month including all dealer maintenance...why not lease?

 

[royaldank]

As long as you want a Honda as your next car, sounds like a reasonable deal to me. You get out a year earlier on your currrent lease and just start another lease on the new car. But, if you have any desire to not lease again or not lease another Honda, then it's not in your best interest.

 

[UNCjigga]

Originally posted by: royaldank
As long as you want a Honda as your next car, sounds like a reasonable deal to me. You get out a year earlier on your currrent lease and just start another lease on the new car. But, if you have any desire to not lease again or not lease another Honda, then it's not in your best interest.

True. Well, I'll stop by the dealer sometime this week just to figure out what exactly it would cost me. I always thought about letting the lease expire and getting a TSX (financing), Legacy GT (??) or a TL (lease) in '05.