Can someone with more savvy than me, please check these specs and see if this is an OK deal. Leasing isn't for everyone...but it would benefit our family for the lower payment/month. Appreciate your thoughts and time. Thanks.

2012 Accord Sedan 5 Speed Automatic EX Featured Special Lease
Offer valid from 3/1/2012 through 4/30/2012
$219.00 per month for 36 months. $1,999.00 total due at signing.
Includes down payments with no security deposit. Excludes taxes, titles and dealer fees. For well qualified lessees.

Closed end lease for 2012 Accord Sedan 5 Speed Automatic EX (CP2F7CJW) available from March 1, 2012 through April 30, 2012, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $25,875.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $21,778.17. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $7,884.00. Option to purchase at lease end $14,748.75. Must take new retail delivery on vehicle from dealer stock by April 30, 2012. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

They also offer the SE at $209/month

 

No lease is ever a good deal.

If your family can benefit from a lower payment then you probably shouldnt be leasing.

 

Leasing can turn out OK, if you're hurting for cash now but you'll have money later. Because later (when the lease is over) you won't own anything.

Lots of people have gotten into financial trouble by assuming that they'll have plenty of money "later".

Some people lease because it's more important for them to have a constant predictable monthly cost, rather than varying cost of repairs.

 

If you are sure you will have a job when the lease is up, maybe.

Short story, recently an acquaintance was leasing a car, then she lost her job, Didn't find one when the lease was up. Didn't have cash to get a good car, and couldn't get a new lease without a job. Ended up getting a crappy 92 Corolla for $1000. Here in Western NY a 20 year old car is really rusty.