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2014 Honda Accord Lease Questions

Karen_CMKaren_CM Posts: 5,018
edited January 28 in Honda
Welcome to Edmunds discussion dedicated to 2014 Honda Accord leasing questions. Here you can find and discuss all the latest lease details for the 2014 Accord, including cap costs, money factors, residual values, acquisition fees, etc. Please post any leasing questions you have or any details you’d like to share about your own lease deals.

You can also research local dealer inventory and get pricing, reviews, features, and specifications on our 2014 Honda Accord page.

To see all forums discussions about the Accord, including earlier model years, please visit our list of Honda Accord discussions.

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Comments

  • Leased my coupe last week and pretty sure I got a great deal. After some negotiations I ended up with this deal:

    3yr/15k
    Gross Cap Cost- 19875
    Adj Cap Cost-19375
    Residual- 13165
    MF-.00031 (was what they told me during negotiations)
    Due at Signing Fees- 1658 (Including 1st mo payment)
    Trade-9k (3k to down payment, 6k back)
    Monthly Payment- 199.00

    Even though the deal is finalized, I just want to be sure the deal was as good as I thought.
  • gmanusmcgmanusmc SoCalPosts: 436
    edited December 2013
    It's hard to say - you don't break down the remaining 1459 in fees but incl fees and the 3k you put down and subtract out the 595 lease initiation fee, looks like you're at around 800 below invoice including flex cash (subtract out any mandated license/dmv fees and that improves on that figure). Does the 199 include sales tax?

    Bill G
  • Hello everyone. I am new to the message boards and wanted an opinion on the price information I received for a 2014 Honda Accord Sport for 36 months with 12,000 mile allowance each year:

    MSRP: 25305
    Reduction of 1956
    Total: 23349
    MF: .00073
    Out of pocket at signing: 1500 (for 1st month 260.59, fees and insurance 363.75, taxes 70.79 and cap reduction of 504)
    Monthly payment with tax: 261

    I may not have all the information needed for someone to provide an opinion. If not, I can get it. Thanks so much for the help.
  • gmanusmcgmanusmc SoCalPosts: 436
    edited December 2013
    Check post 5550 - he just leased a sport with a sell price of around 21.5k.

    I think his deal was same payment as yours but with less than 400 due at signing. The dealer you are working with should be able to do better. Do you have other dealers nearby so you can get some competition going?

    Also Honda just announced dealer incentives that might result in sweeter deals the last 10 days or so of this month if you can wait.

    Bill G
  • Sorry, guess I should have included them. Heres what I got.

    Cap cost red-500
    Sales/use tax-45.00
    Initial title/reg fees 22.50/53.15
    Other fees:
    TMP-5 Notary-35
    Tire Tax/Online Fee 19.55
    TA-53.55 /ACQ-595 / DO-131
    Rent Charge- 363.24
    Monthly payment before tax- 182.57
    monthly sales tax 16.43

    And if I turn it in at lease end 350.00 fee

    So including tax 199.00/ Month
  • What do you think of a Honda lease, Accord LX, $252 with tax and $550 down? I don't have the specifics, but I don't plan on buying the car at the end so I am not interested in the price of the car, although I know it is a factor in the lease. Also, does the EX have a smoother ride compared to the LX? I know Honda has changed the transmission which is supposed to make the ride bumpy. I wonder if the 2014 LX is better than the 2013 LX in terms of the drive.
  • Hi,

    Does anyone know what the MF/residual are for a 2014 Honda Accord EX-L V6 Coupe, Automatic, no Navi? 36 months/12k (or 10k if Honda offers that).

    Thank you very much!
  • kyfdxkyfdx Posts: 29,801
    2014 Honda Accord EX-L V6 Coupe (non-NAV) 36mo, 12K/yr lease
    .00073 MF and 54% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • albert72albert72 Posts: 141
    kyfdx,

    On Nov 11th you game me MF and Residuals on the following and I wanted to find out if these #s are still good or what the new #s are. If these #s are good, do you know when they are valid through?

    Thanks,

    2014 4 cyl EXL 36mo, 12K/yr lease
    .00073 MF and 57% residual.. the V-6 residual is 56%

    The one-pay lease money factor is .00001.
  • kyfdxkyfdx Posts: 29,801
    The lease program that came out in November runs through January 6th, so all is the same...

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • cazneedsacarcazneedsacar Posts: 8
    edited December 2013

    Hey Everyone, got a quote on a 2013 V6 EX-L Accord coupe (no navi) for $339/month, 39 months, 12K miles, with tax and first payment up front (so approx 1490 total). Can anyone tell me if this is a decent deal? I figure thats basing it on a sale price of around 29k for the car (MSRP is about 31250). Thx!

  • Hi-

    Would someone be able to provide me money factor and residual for 2014 accord coupe EX and EX-L, 15k per year, 36 or 39 months (which ever is better).

    Northeast Ohio region.

    Thanks much,

    RJ

  • I want to hamilton honda in NJ and they offered 169/month 36 month with 12K miles. and 1700 down including tax ,doc fee etc. i asked for 27 month /12k miles and they offered 179/month..

    Here is breakdown for 10k miles which i got in email...

    Hamilton Honda lease Special
    2014 Accord lx Sedan
    27 months @ 129 /10k miles
    plus inception
    Down payment 0
    NJ Taxes 345.39
    Bank Fee 595.00
    Plates 229.50
    Doc Fee 249.00
    Whl locks 150.00

    First Month 129.00

    Total signing $ 1697.89

    lease total $ 5051.89

    MF :00073..I think residual vaule :19073

    ============

    let me know if this is good deal...

  • kyfdxkyfdx Posts: 29,801

    2014 Accord Coupe EX 36mo, 15K/yr lease

    .00073 MF and 55% residual. EX-L residual is 53%

    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • @srs1974 Please double check your residual value of $19K++. Likely a typo. If that is an LX Honda Accord 2014 then that is a bad deal.

  • Hi, i'm trying to get the best deal possible on a lease for a 2014 accord sports trim. My Dealer sent me an email quoting me an MSRP of $25,305 and an invoice price of $22,125. He stated with 900 down my lease payment would be around $322. From looking through this forum, that seems to not be a solid offer. He wouldn't inform me of what number values he's using, but stated to come in and we could discuss things further. It seems people are getting .00073 MF and a residual of about 57%. Are these numbers accurate? If so, what should a lease payment for this car be without any sort of down payment? A comparison with 15,000miles/yr & 12,000miles/yr would be helpful. Thanks!

  • @Jasonb88 - I am not into the sports trim (I am boring), but the internet manager I was dealing with offered me 2013 LX-S. For a basically same car as the 2014 LX-S, $900 down only $179/month. If you need more miles, I already asked and they said they will agree for $20-25 more per month.

    This deal I got is from a NJ dealer. They are the only 2-3 dealers I may be enticed to come back to. The rest are not easy to deal with. If you are in the area, I can refer you to the same internet manager I got this from. If you wish, we can do a group dealing as I try to get an EX-L (lease or purchase I do not care) at a sale price of $25K or less.

    (cut and pasted) - Subject to tier1 credit approval. Based on 36 mo lease, 10k mi/year @.15 additional. Total payments $6,444. Residual $14,494.20 $998 down, add taxes ($451.08 NJ), doc fee, DMV & bank Acquisition fee $595. MSRP $24,990. Prices include delivery & prep fees. Full Gap insurance protection. In wear termination included.

  • @srs1974 said: I want to hamilton honda in NJ and they offered 169/month 36 month with 12K miles. and 1700 down including tax ,doc fee etc. i asked for 27 month /12k miles and they offered 179/month..

    Here is breakdown for 10k miles which i got in email...

    Hamilton Honda lease Special
    2014 Accord lx Sedan
    27 months @ 129 /10k miles
    plus inception
    Down payment 0
    NJ Taxes 345.39
    Bank Fee 595.00
    Plates 229.50
    Doc Fee 249.00
    Whl locks 150.00

    First Month 129.00

    Total signing $ 1697.89

    lease total $ 5051.89

    MF :00073..I think residual vaule :19073

    ============

    let me know if this is good deal... @latecomer said: srs1974 Please double check your residual value of $19K++. Likely a typo. If that is an LX Honda Accord 2014 then that is a bad deal.

    YES its a typo..its close to 13000 something...

    is it a good deal ?

  • @latecomer said: Jasonb88 - I am not into the sports trim (I am boring), but the internet manager I was dealing with offered me 2013 LX-S. For a basically same car as the 2014 LX-S, $900 down only $179/month. If you need more miles, I already asked and they said they will agree for $20-25 more per month.

    This deal I got is from a NJ dealer. They are the only 2-3 dealers I may be enticed to come back to. The rest are not easy to deal with. If you are in the area, I can refer you to the same internet manager I got this from. If you wish, we can do a group dealing as I try to get an EX-L (lease or purchase I do not care) at a sale price of $25K or less.

    (cut and pasted) - Subject to tier1 credit approval. Based on 36 mo lease, 10k mi/year @.15 additional. Total payments $6,444. Residual $14,494.20 $998 down, add taxes ($451.08 NJ), doc fee, DMV & bank Acquisition fee $595. MSRP $24,990. Prices include delivery & prep fees. Full Gap insurance protection. In wear termination included.

    can you let me know what dealership you are working with..? i am in NJ so would be interested in talking to them..

  • dylrexdylrex Posts: 57

    @Jasonb88 According to my calculations using the MSRP and selling price you provided, I come up with a pre-tax payment of $233.76 with 12K/yr and $247.45 with 15K/yr. The MF is .00073 and residual is 58% for 12K/yr. and .00073 and 56% with 15K/yr. Does the purchase price include the acquisition fee? If not, that will increase your payment by about $17 dollars if you roll it in. I think you can do much better than your current offer.

  • @srs1974 Now a residual of 13K with $5051.89 total lease cost is also probably a typo if it is over 27 months lease with 10K miles / yr. THAT IS TOO GOOD TO BE TRUE.

    Check your notes with the dealer.

    The more knowledgeable people on this forum must be able to access correct ALG residual for a 2014 LX Accord with 22,500 miles after 27 th month, but it cannot be $13K only. $13K-14K might be for something after 36 months and after 36,000 miles.

  • Hi Guys - anyone in NJ who has gotten a sale price for a 2014 EX-L (CVT 4-cyl only, no navigation) below $25K yet? I do not care if it is purchase or lease. If lease and the capitalized cost will imply a sale price of $25K or less, please let me know which dealer. Thanks. - p.s. I got near that target, but so far only from Boston area. NJ dealers still tough...

  • glatglat Posts: 2

    Just signed a lease for an EX sedan... three years/36k miles

    MF .00073 Monthly payment came out to $200/month Put down $2500... Honda used $500 flex cash Car was totaled last week so I had to make a quick deal.

  • srs1974srs1974 Posts: 8
    edited December 2013

    @dylrex said: Jasonb88 According to my calculations using the MSRP and selling price you provided, I come up with a pre-tax payment of $233.76 with 12K/yr and $247.45 with 15K/yr. The MF is .00073 and residual is 58% for 12K/yr. and .00073 and 56% with 15K/yr. Does the purchase price include the acquisition fee? If not, that will increase your payment by about $17 dollars if you roll it in. I think you can do much better than your current offer. @latecomer said: srs1974 Now a residual of 13K with $5051.89 total lease cost is also probably a typo if it is over 27 months lease with 10K miles / yr. THAT IS TOO GOOD TO BE TRUE.

    Check your notes with the dealer.

    The more knowledgeable people on this forum must be able to access correct ALG residual for a 2014 LX Accord with 22,500 miles after 27 th month, but it cannot be $13K only.

    $13K-14K might be for something after 36 months and after 36,000 miles.

    I forgot residual value..but here is sale price and breakdown given for Accord 2014 LX.

    Sale price to lease company is $19073 ,

    Outright buy price is $20,000,

    $ 1697.00 down,

    Desposition fee : $350 at the end of lease.

    **options **

    27 month /10k miles --129 /month

    27 months / 12k miles --$179 /month 36 moths / 12k miles --169/month

    27 month / 15k miles -- 209 36 moth / 15k miles - 199

  • If the sale price to lease company is $19073 - regardless of the other combinations of months or mileage and cost per month, then go for it.

    Leases are for some reason presented to us buyers in a too complex manner. (Buyers probably can be blamed for this - since we typically focus on monthly or down payment, etc.)

    Assuming there are no outrageous bank fees ($595 are typical in NJ). Assume further that the residual value is high enough that at the end of the lease, you may be tempted to keep the car as you can resell it for that high residual value.

    Then there are only 2 factors here that really matter: sale price to lease company and the interest rate.

    • The interest rate is low nowadays. Even if you ask your local bank or credit union for a financing on the new car . So the leasing companies will always be around the low interest rate 1.7 to 1.9% nowadays perhaps.

    • Which makes only the sale price to lease company the only real factor. $19073 is about $4500 below MSRP and $2500 below Dealer's invoice. for an Accord 2014 LX.

    The mere fact they disclosed to you the sale price to leasing company makes them worthy. That is why even my schedule is painful I will try to take a day off these next few days and get back to that dealership. FWIW they are not difficult to deal with compared to others I have sat down with in NJ

  • @srs1974 - the $19,073 sale price - did you clarify if that already includes the destination charge and does that include or exclude the wheel locks ($150)?

  • Yes it does include wheel locks. Check my post. It includes down payment details
  • Hi, I was recently quoted the following for a 2014 EXL V6 sedan in NJ. I apologize in advance for not having most of the details. I wasn't sure what all to ask for from the dealer. 12k/36month lease Selling price: $27,700 Due at signing: $1559.63 with 35 payments of $328.63 left Due at signing: $0 with 36 payments of $363.77 left

    I had asked for quotes to be inclusive of all fees/taxes and these are the numbers that I was offered.

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