Even though the 2018 Honda Accord has received top reviews from the automotive press, sales aren’t exactly topping the charts. Dealers have complained that the lease prices for the 2018 Accord haven’t been competitive, which has hurt sales, so now Honda is responding by lowering lease prices by up to $1,100.
According to CarsDirect, Honda has underlying money factor on all 2018 Accords to 0.00128, which comes out to an 3% APR, compared to last month’s 0.00230, a 5.5% APR. What that means for buyers is that the 2018 Accord 1.5T LX still starts at $249 for 36 months, but the amount due at signing has decreased by $800 to $2,399. The 2018 Accord 1.5T EX gets a cut with it priced $289 for 36 months with $2,699 at signing, $1,100 less than before. The 2018 Accord 2.0T Sport gets a discount on both ends with the monthly price dropping to $299 for 36 months with $3,099 at signing.
Although Honda has made the 2018 Accord a little bit more attractive to lease, it’s still on the high end compared to its competitors. The 2018 Toyota Camry LE starts at $229 a month for 36 months, with only $1,999 due at signing.