On the back of falling sales for the Honda Accord, the Japanese marque has cut lease prices across the United States by up to $1100.
Cars Direct reports that the 2018 Accord 1.5T LX can now be leased at $249 for 36 months with $2399 at signing, a healthy $800 decrease in the signing amount. Consequently, the effective lease cost has dropped by $22 from $338 to $316 a month.
For those customers looking for something slightly better-equipped, the Accord 1.5T EX now starts at $289 for 36 months with $2699 at signing, a large drop from the $3799 previously required. The 2018 Accord 2.0T Sport is also cheaper, thanks to a $10 decrease in the monthly cost and a signing amount that’s $900 cheaper than it was, now sitting at $3099.
Despite these price cuts, the 2018 Honda Accord is still quite expensive compared to some of its rivals. For example, it costs $61 a month more to rent an Accord LX in San Francisco than a comparable 2018 Toyota Camry SE.
Last month, Honda reported a 10 per cent drop in year-over-year Accord sales.