Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2014 Honda Accord Lease Questions

2456710

Comments

  • 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.

  • @jacknibbs a. which NJ Dealership quoted you these numbers? b. is this sale price of $27,700 an EX-L V6 with navigation or none?

  • Hey guys, sorry to re-post, but anyone able to give an opinion on this? Long island, NY.. 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). Seems like from comments in this thread the residual would be about 54% and the MF around .00073. Thx!

  • @latecomer said: jacknibbs a. which NJ Dealership quoted you these numbers? b. is this sale price of $27,700 an EX-L V6 with navigation or none?

    This was Joyce Honda and its for an EX-L V6 w/out nav

  • Hey guys,
    I saw the ad for a 2013 honda accord for $199 a month with $2000 down. They were able to give me $500 flex cash, $500 for grad incentive, as well as $661 in cash for my car. I'm curious on why my payment isn't around $210 since I'm making up for the $339 that I couldn't get as a down payment. Instead they said the lowest they could get me was at $259.

    Thanks guys.
  • otoluvaotoluva Posts: 138

    My 12 Accord lease expires next Dec. And I'm already checking the market for my next ride. For those of you looking to get into a lease now, my local Honda sales guy whom I ran into the other day told me that the LX goes for $225.00 a month 36/12k with 0 drive off.

  • @otoluva - can you at least tell us which Honda Dealer of which local area? Also is that a 2014 or 2013 LX and is it a manual transmission or auto -CVT?

  • otoluvaotoluva Posts: 138

    2014 LX auto tranny, Lundgren Honda in Auburn, Mass.

  • otoluvaotoluva Posts: 138

    Also, for sport trim add $28 a month.

  • So I got another quote here in atlanta. It appears since march 2013 they do taxes on a lease different from everywhere else. They take the taxes up front off of the MSRP? I was given a selling price of 21,600 on a 2014 accord sport. Then they added approx $1500 in taxes, plus accessory costs of about 795 and other fees that I cant recall. MF of .00073 and 58% residual. It came out to be approx $345 with no money down, and approx $315 with $2,000 down. I'm sure this is terrible, but again, I'm so lost as to how to calculate this properly here in atlanta.

  • GA changed their tax calculation recently (within the last year). Like Texas, Illinois and a few others, they charge sales tax on the full selling price of the vehicle. It hurts.

    Moderator - Prices Paid, Lease Questions, SUVs

Sign In or Register to comment.