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2014 Honda Accord Lease Questions

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  • MichaellMichaell ColoradoPosts: 6,531

    @kazuya_mishima said:  Vehicle Price:$25,305.00  AutoNation Savings:-$2,746.00  SmartChoice Price:$22,559.00  Wheel Locks:+$149.00  Vehicle Selling Price:$22,708.00     Sales Tax (estimate):+$1,460.79  Tag/Registration Fees (estimate):+$298.75  Tire/Battery/MVWEA:+$8.50  Dealer Service Fee:+$699.95  Balance Due (estimate):$25,175.99 
    He then breaks it down to:
    LEASE OPTIONS Cash Due 36 months 12,000 Miles
    $668(down) $296(monthly) $1,200(down) $281(monthly) $1,800(down) $263(monthly)
    I emailed him back and asked about money factor which he said was inncluded so it confused me even more.

    What state is this in? Given the $700 dealer service fee it sounds like Florida.

    On a lease, the tax is paid only for the part of the car that is used - either the depreciation amount or the monthly payment. Doesn't make sense for the dealer to add the full value of sales tax into the amount of the lease.

    Also, get the dealer to explain where the down payment money is applied - to the fees listed above, or to reduce the cap cost?

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  • julio91julio91 Miami, FloridaPosts: 56

    numbers for 2014 honda accord Sport 36 months, 12k a year, Top tier credit in south florida and is there any incentives ? thanks guys

  • kyfdxkyfdx Posts: 29,962

    @julio91 said: numbers for 2014 honda accord Sport 36 months, 12k a year, Top tier credit in south florida and is there any incentives ? thanks guys

    .00045 MF and 58% residual. $500 lease cash

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  • dannog35dannog35 Posts: 6

    I have been shopping around in Connecticut. Some of the dealers here have added aftermarket leather to the Sport model which is exactly what I was looking for. The best deal so far........Zero down sign and drive, $329/mo 15K miles/yr. 39 months

  • julio91julio91 Miami, FloridaPosts: 56

    Thanks @kyfdx@Edmunds‌, Want to hear something odd, I went last night to try to get a deal for a friend. To make this story short, the salesman was giving me a totally different number then you guys. Correct money factor but the residual he was giving me was 48% for a Accord Sport. I was in shock because I called other places and the numbers you gave me were correct. Now can dealer change this number ? or is this a bank regulated thing meaning they can not tamper with that? The numbers were off. Your opinion will greatly appreciated, Thanks again guys for all your help. Going to another dealer this weekend will keep you guys posted.

  • MichaellMichaell ColoradoPosts: 6,531

    @julio91 said: Thanks kyfdx@Edmunds‌, Want to hear something odd, I went last night to try to get a deal for a friend. To make this story short, the salesman was giving me a totally different number then you guys. Correct money factor but the residual he was giving me was 48% for a Accord Sport. I was in shock because I called other places and the numbers you gave me were correct. Now can dealer change this number ? or is this a bank regulated thing meaning they can not tamper with that? The numbers were off. Your opinion will greatly appreciated, Thanks again guys for all your help. Going to another dealer this weekend will keep you guys posted.

    The numbers we quote are from Honda Finance; it's possible this other dealer was pushing a lease from another financial institution with different MF and residual.

    The residual is set by the finance org and cannot be modified by the dealer. The MF can, and often is, increased by the dealer to put extra profit into their pockets.

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  • julio91julio91 Miami, FloridaPosts: 56

    @Michaell got it I know they could mark up the money factor to make profit but the Residual threw me off. But makes sense that the dealer could use another finance institution. Thank you for your response !

  • djrichdjrich Posts: 3

    Just took delivery of a '14 Crosstour and on that model along with the Accord models the residuals and MFs are some of the best Honda has had in a while. Accord is around 1% and Crosstour is less than 1% in the 2400 math. Happy shopping and dealing, its out there to get !!

  • ck90211ck90211 Posts: 129

    Regarding Altima being cheaper than Accords, they have always been cheap and aggressively priced. But come returning time Nissan and Nissan dealers have hard time digesting/reselling Altimas (I just returned a 2 year old), and it eventually had to be auctioned off for substantially less than residual. Good thing I just had to pay the disposition fee.

    Where as Hondas I was offered money (even without leasing another) to return cars at particular dealerships. So at the end Altima may be just fractionally cheaper than Accords.

    Best go with what you are happier with not the price.

    I do have a question concerning leases (in general) and Accord leases.

    I live in state of MD (75%) and CA (25%). MD has lower taxes (6%) but tax the whole car's price on leases, where as CA has higher tax (nearly 10% in my county) but only on the use/depreciating amount. Anyhow, I am considering leasing an Accord in MD but licensing it in CA (I do plan to use it in both states), and I rather pay CA tax on 42% (assuming residual of 58%) of the car, not 100%.

    Assuming CA and MD are considered different zones, thus different incentives. Do I get the MD Money Factor and Residual (state of purchase), or do I get the CA Money Factor and residual (state of registration)?

    And what is the current MF and Residual for LX, LX-S, and LX-Sport coupe with Manual transmission, 12K miles, in state of MD? I know it has been posted for FL I am just wondering if it's the same for MD. Thanks.

  • kyfdxkyfdx Posts: 29,962

    @ck90211 said:

    I do have a question concerning leases (in general) and Accord leases.

    I live in state of MD (75%) and CA (25%). MD has lower taxes (6%) but tax the whole car's price on leases, where as CA has higher tax (nearly 10% in my county) but only on the use/depreciating amount. Anyhow, I am considering leasing an Accord in MD but licensing it in CA (I do plan to use it in both states), and I rather pay CA tax on 42% (assuming residual of 58%) of the car, not 100%.

    Assuming CA and MD are considered different zones, thus different incentives. Do I get the MD Money Factor and Residual (state of purchase), or do I get the CA Money Factor and residual (state of registration)?

    And what is the current MF and Residual for LX, LX-S, and LX-Sport coupe with Manual transmission, 12K miles, in state of MD? I know it has been posted for FL I am just wondering if it's the same for MD. Thanks.

    The lease deals are only good where the car is registered. You may find it difficult to get Honda to accept a lease registration in any state other than where your driver's license is issued.

    As you may have already surmised, not only is the tax situation better in CA, the money factors are, as well. CA is in Region A, as is FL, and MD is in Region B. The money factor for Accord leases in Region B is .00086.

    Residuals for 36mo, 12K/yr.:
    LX = 59% Sport = 58% LX-S Coupe = 57%

    All have $500 lease cash.

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  • coyotelacoyotela Posts: 1

    For a 2014 Accord 4cyl EX-L, sedan, is there a current MF and residual available for 15K miles (LA area)--Thanks

  • kyfdxkyfdx Posts: 29,962

    @coyotela said: For a 2014 Accord 4cyl EX-L, sedan, is there a current MF and residual available for 15K miles (LA area)--Thanks

    .00045 MF and 55% residual for 36 months

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  • ck90211ck90211 Posts: 129

    Thanks kyfdx for prompt and direct reply. MD certainly isn't lease friendly, but selling prices are better than CA's.

  • kilnkiln Posts: 39

    Could you tell me if this is a decent deal?

    2014 EX-L V6 Accord Sedan - No extras

    MSRP - $31135.00 Price - $27391.00

    Monthly payment - $369.00 tax included in figure - no money out of pocket.

    The dealer fee of $699.00 is included in the monthly payments.

  • nado55nado55 Posts: 1

    Hi all, newbie here: Looking to lease in Phoenix, AZ

    2014 EX-L V6 Accord Sedan: 36 months, 15K What are good numbers for MF, Residual ? Also if any incentives? Credit is in top tier category Thanks for any info you can provide!

  • MichaellMichaell ColoradoPosts: 6,531

    @kiln said: Could you tell me if this is a decent deal?

    2014 EX-L V6 Accord Sedan - No extras

    MSRP - $31135.00 Price - $27391.00

    Monthly payment - $369.00 tax included in figure - no money out of pocket.

    The dealer fee of $699.00 is included in the monthly payments.

    What state is this in?

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  • MichaellMichaell ColoradoPosts: 6,531

    @nado55 said: Hi all, newbie here: Looking to lease in Phoenix, AZ

    2014 EX-L V6 Accord Sedan: 36 months, 15K What are good numbers for MF, Residual ? Also if any incentives? Credit is in top tier category Thanks for any info you can provide!

    MF of .00045; residual 54%

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  • kilnkiln Posts: 39

    @Michaell@Edmunds said: What state is this in?

    Florida

  • codexcodex Posts: 2

    I'm looking to lease a 2014 Accord Touring in CT, what would the MF and Residual be? Is it possible to lease from a dealer out of state? Thanks in advance!

  • kyfdxkyfdx Posts: 29,962

    @codex said: I'm looking to lease a 2014 Accord Touring in CT, what would the MF and Residual be? Is it possible to lease from a dealer out of state? Thanks in advance!

    .00045 MF and 51% residual for 36mo, 15K/yr.

    You can lease from any state, but Honda Finance will only offer lease programs that are valid in your home state.

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  • enviousenvious Posts: 3
    edited April 14

    I got an offer for a 2014 Accord Coupe EX-L V6 with Navi for about $31K with tax, rebates, everything calculated. The lease price was about $0 down, $430 a month. 36 months/12k miles.

    Is this a good/bad deal? Living in NJ.

  • MichaellMichaell ColoradoPosts: 6,531

    @envious said: I got an offer for a 2014 Accord Coupe EX-L V6 with Navi for about $31K with tax, rebates, everything calculated. The lease price was about $0 down, $430 a month. 36 months/12k miles.

    Is this a good/bad deal? Living in NJ.

    What was the original MSRP?

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  • enviousenvious Posts: 3

    @Michaell@Edmunds said: What was the original MSRP?

    About 33k. A little over.

  • MichaellMichaell ColoradoPosts: 6,531

    @envious said: About 33k. A little over.

    OK - If I use $33K as the MSRP and $31K as the selling price with the published April numbers for MF and residual, I get a pre-tax payment of $415.13 for 36 months.

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  • ankurgankurg Posts: 22

    I am planning to get a 2014 EX-L with Navi 4 door accord in NJ. No add ons. the MSRP is 30,045. what is the best monthly I can expect with absolutely 0 down for 10k miles, 36 months? Please help Ankur

  • MichaellMichaell ColoradoPosts: 6,531

    @ankurg said: I am planning to get a 2014 EX-L with Navi 4 door accord in NJ. No add ons. the MSRP is 30,045. what is the best monthly I can expect with absolutely 0 down for 10k miles, 36 months? Please help Ankur

    It all depends on the selling price you are able to negotiate. You may want to check the "Accord Prices Paid" discussion for information on what Accords are selling for in NJ.

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  • cdtottencdtotten Posts: 11
    edited April 14

    What is the current residual and MF for an EXL V6 w/ and w/o NAV in KY? Thanks!

    edit: for 12k miles.

  • MichaellMichaell ColoradoPosts: 6,531

    @cdtotten said: What is the current residual and MF for an EXL V6 w/ and w/o NAV in KY? Thanks!

    edit: for 12k miles.

    Lease term?

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  • cdtottencdtotten Posts: 11

    36 months - sorry.

  • MichaellMichaell ColoradoPosts: 6,531

    @cdtotten said: What is the current residual and MF for an EXL V6 w/ and w/o NAV in KY? Thanks!

    edit: for 12k miles 36 months

    EX-L V6 w/o Nav - 55%

    EX-L V6 w/ Nav - 53%

    .00086 MF for both

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