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2014 Honda Accord Lease Questions
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Comments
So how do I do the math to determine what my monthly payment is suppose to be.
I am actually go to the dealership today after work so I need to know as much as possible before I try to negotiate something.
I'm getting told by the dealership that Honda gives different MF and residuals for different regions of the country. Is this true? I had thought it was determined nationally.
The residual numbers I have are national; the MF are broken into two regions, based on what state you live in.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Ah - NJ calculates the sales tax up front and either asks that you pay it up front or allows you to roll it into the cap cost. Tax is not applied monthly to the payment, as is the case in many other states.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Hello! Can I please get the MF, residual and lease cash amount for the Accord EX-L 4 Cyl Sedan (NO Nav) in Philadelphia, PA? Thank you very much!
What lease term and how many miles per year?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Sorry about that. Let me put it all together:
Hello! Can I please get the MF, residual and lease cash amount for the Accord EX-L 4 Cyl Sedan (NO Nav) in Philadelphia, PA? 36 Months / 12K Miles per year.
Thank you very much!
No worries - the numbers are as follows: 55% and .00026. $850 lease cash this month.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you!! Is there any kind of check list that you have online here or in one of these forums that I can bring with me when I go? I have purchased a car from this dealership before, as have different family members. Is there any loyalty discount that I can also ask for once final numbers are given? Also, I am trading in my 2012 Honda EX-L 4cyl Couple for this purchase. It was a lease but it is WELL UNDER MILEAGE. I have about 24K on the car as opposed to the allowed 36K. Anywhere I can work these numbers to know what I am owed for this car? Thanks!
There are shopping tools at the top of the page that will show you current incentives on the 2014's as well as putting a valuation on your 2012 Accord.
Also, look for and post a question in "Real World Trade In Values" and see what they have to say.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you! I will do so!
So how do I calculate the cost of my monthly payment based on this deal here..?
http://viphonda.com/model/2014-honda-accord/
I really want the ex L or the sport but based off of these numbers I want to understand how to calculate the numbers and determine my monthly payment or tell if I am being haggled.
The special is for an LX - if you want a Sport or EX-L then you'll need to provide me with the MSRP and negotiated selling price so I can model a payment for you. The fine print in your link shows the MSRP as $23,545, but no selling price. I'm assuming a decent discount is in play to get to the $189/mo number.
There are plenty of lease calculators on the web .. I use a spreadsheet that uses 5th grade math in the formulas.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
So the MSRP for the sport model is 23,715 and the EX-L is $28,270. Assuming that I can negotiate the price down to 22,000 for the sport and $26,000 for the EX-L. What do you think my monthly payment will be.
Before taxes are calculated into the deal, I get $264.44/mo for the Sport (36 mo, 15k miles per year) and $316.68/mo for the EX-L (again, 36 mo, 15K miles per year).
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
There are two sets of MF from Honda for July. Virginia is .00074, as is Maryland, North Carolina and West Virginia.
New Jersey, Delaware and Pennsylvania have the lower MF of .00026.
I usually make the first payment at signing. Some manufacturers are waiving the first payment as an incentive, but Honda is not one of them.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I disagree with your salesperson and you were right to walk away. You negotiate a lease just like you would a purchase - get the lowest transaction price and ensure that the MF isn't being marked up.
Lots of Honda dealers around - I'm sure one would like an extra sale before the end of the month.
Residual is based off MSRP.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
So is my monthly payment based off the MSRP or the selling price now? If it is off of the selling price how come the residual is based off of the MSRP and not the selling price. I had the paper that they printed out from there computer which had all the prices and numbers but they wouldn't let me keep it for some odd reason.
The pre-tax monthly payment in a lease is broken out into two parts:
Depreciation - the difference between the depreciated value (MSRP * residual %) and the selling price, divided by the lease term
Rent Charge - this is the sum of the selling price and the residual value, multiplied by the money factor
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2014 Honda Accord Sport 36/12KPlease let me know what you think of this offer:
MSRP 25,305
Base Invoice: 23,225.16
Vehichle Price: 21,200 (includes 850 lease incentive and 500 New Honda rebate)
Adjusted Cap Cost: 23,061.54
$1,000 Total Down and $257/month
*I live in Illinois so please note that I must pay the full sales tax on the car (7.25%)
If I forgot to include anything let me know. I would like to make the purchase tonight.
Thanks!!
If I apply the $1000 to the adjusted cap cost ($22,061.54), along with the MF of .00026 for IL and the 36/12 residual of 56%, I get a payment of $228.61 for 36 months.
I suspect the MF is being marked up on you.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I suspect the MF is being marked up on you.
>
The Adjusted Cap cost already included my Out-of-Pocket which came to $23,061.54. However, they only applied $531.23 and said they remaining amount went to upfront fees. Is that normal? That was my biggest concern and the spot where I thought they were trying to take advantage of me.
Vehicle Price - 21,700 ($850 Lease & 500 New Honda included)
Gross Cap Cost - 23,592.77
Adj Cap Cost - 23,061.54
Monthly Payments - 256.65 w/ $1,000 out-of-pocket
Even if they are doing something funny with my money down, is my vehicle price at a good number? If not, what number should I be at?
Thanks again.
Thanks
I can't speak to the negotiated selling price .. I'm not in the market. Just make sure that the available $800 lease cash is included in the vehicle price.
The use of the out-of-pocket to address up front fees is normal.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
.00026 MF and $850 lease cash this month.
24/15 residual - 60%
36/15 residual - 53%
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Okay I went to the dealership again today and made a deal and was able to take home the agreement with all the numbers. What numbers do you need to figure out weather this is a legit deal or not. The deal is not complete because I didn't drive the car off of the lot yet.
MSRP
Net Cap Cost
Lease term and miles per year
From that, I can use the base MF and residual to calculate what the payment should be.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Lease term and miles per year
From that, I can use the base MF and residual to calculate what the payment should be.
MSRP: 25,305
Gross capitalized cost: 23892.94
3 years and 12K miles a year
Basically I put down 1200 and was able to get a payment of 239 a month that 1200 included: sales/use tax 642.13
license, title and registration fees: 241.00
dealer documentation/preparation/service fee: 398
acquisition fee: 595.
$239/mo on a car that stickers for $25,000 is a good deal. Enjoy your new Honda!
And, after you've developed some impressions on it, use the link in my signature block to write up a review for others to use.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank You Michaell!!! So you think the 1200 down was a good deal?
Yes.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can I please have the MF/Residual on a Accord Coupe EX-L no nav in MD for a 36/12? Thanks!
53% RV and .00074 MF. $1200 lease cash on the coupe.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you!
Can I get a lease quote on a 2014 Accord Sport for 3 years 15k miles, $23,350 selling price in NYS?
The summer clearance leases on the LX is cheap, was looking to get into a sport for a few bucks more.
Thank you!
54% RV for 36/15, MF is .00026. $850 lease cash this month.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm travelling at the moment and only have my tiny phone screen, can someone do the math for me? much appreciated!
We would need the MSRP in order to model a payment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Hi Guys,does anyone have numbers on a 2014 Accord Sport for 36 months 12k miles, also 24 months 12k miles.
Additionally
I have seen on different honda forums people buying 2014 accord sport manual for 20900 selling price before taxes/ fees /reg, with the 750 leasing cash think its possible to have my cap cost on a sport at around 20k ?? thanks for the insight !!
36/12 - 56%
24/12 - 62%
MF is either .00026 or .00074, depending on which state you live in.
I think those selling prices include dealer rebates that you cannot apply to a lease. Use the pricing tools at the top of the page, and visit the "Accord Prices Paid" forum to get a sense of what your transaction price target should be, then subtract out the $850 lease cash from that number.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I am being quoted a nearly identical deal to pj_patel, above. 22100 on the sport with auto start. The dealer told me the MF is .00016. Did it change this month?? Using my lease calculator I get payments of 239/month with 1,150 down(595 acquisistion, 133 doc, 138 license/title, 283 1st payment).
The Honda numbers from July are valid until 9/2/14, so no change. MF is either .00026 or .00074, depending on what state you live in.
Confirm with the dealer that they are using Honda Finance for your lease.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Good evening,
Looking for MF, residuals, and current incentives on an Accord Sport Manual Sedan for both 12K/3yr and 15K/3yr in MO. Thanks in advance.
61% for 24/15
54% for 36/15
MF is .00074; $850 lease cash is available.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks Michael, I assume I add 2% to each to get the 12K/year numbers? ie 56% for 12K/yr for 36/mos. Can you also confirm if the destination charge and/or dealer installed add-ons are included in the residual calculation?
That is correct... Add 2% to go from 15K/yr to 12K/yr.
Destination charge is included in the residuable amount, but not dealer accessories. Use the bottom line of the government required Monroney sticker.
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Can I get RV and MF for a 14 Accord Coupe EX Manual in Indiana please?
Both the 36/12K and 36/15K. Thanks.