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2014 Honda Accord Lease Questions

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  • MichaellMichaell ColoradoPosts: 5,104

    @texanmade said: 2014 honda accord exl w navigation 0 down 550 a month.

    That payment seems very high ... what are the MSRP and selling price of the car in question?

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  • mj83mj83 Posts: 2

    I am looking to lease a 2014 Accord Sedan EXL-V6. I live in Central Ohio. Lease terms through Honda Financial: 36 months/15K year. MSRP $31,135, Selling price $27,042, $500 down, monthly lease price $356. Please let me know your thoughts on this deal.

    Thank you!

  • MichaellMichaell ColoradoPosts: 5,104

    @mj83 said: I am looking to lease a 2014 Accord Sedan EXL-V6. I live in Central Ohio. Lease terms through Honda Financial: 36 months/15K year. MSRP $31,135, Selling price $27,042, $500 down, monthly lease price $356. Please let me know your thoughts on this deal.

    Thank you!

    Using the 55% residual and .00045 MF with the MSRP and selling price provided, I get a pre-tax payment of $295.37 for a 36 month, 15K per year lease.

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  • texanmadetexanmade Posts: 6
    Hi Michaell I m looking at leasing a 2014 honda accord exl with navigation . MSRP is 35,905.37 . Agreed price at 34,8897.35 the residual value will be at 16,959.25 they also threw in 500 flex cash. And honda care and the leasing protection incase of dents and scratches. Monthly payments 550 including Massachusetts tax zero down.
  • MichaellMichaell ColoradoPosts: 5,104

    @texanmade said: Hi Michaell I m looking at leasing a 2014 honda accord exl with navigation . MSRP is 35,905.37 . Agreed price at 34,8897.35 the residual value will be at 16,959.25 they also threw in 500 flex cash. And honda care and the leasing protection incase of dents and scratches. Monthly payments 550 including Massachusetts tax zero down.

    Sorry, one more question .. what is the lease term and how many miles per year?

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  • texanmadetexanmade Posts: 6
    3 yrs 36,000
  • MichaellMichaell ColoradoPosts: 5,104

    @texanmade said: 3 yrs 36,000

    Thanks ... so, using your MSRP and selling price with the residual of 55% and the base MF of .00045, I get a pre-tax payment of $445.41 for a 36 month lease.

    The $35K MSRP seems awfully high - Edmunds shows MSRP on an Accord V6 EX-L with nav as $32,910. Where does the $35K come from?

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  • texanmadetexanmade Posts: 6
    I agree thanks so much . With that money I told the dealer I can get a BMW . Thanks for your time.
  • la2bayla2bay Posts: 3

    @cytmike said: I have the best quote using truecar.com from Anderson Honda in Palo Alto, about 5000 below msrp.

    The best quote I was able to get in the Bay Area was from Avery Greene Honda. I submitted a quote request via from Edmunds for a 2014 Honda Accord Coupe EX-L V6 Auto (No Navi) and I was sent an email offering $26,286 (MSRP $31415). I ended not going to this dealer because it was 75 miles from where I live. I used Edmunds Inventory site to locate the car at a closer dealer (Hayward Honda) and I was able to get a price match. So I decided to pull the trigger because it was Easter Sunday and I was sure I couldn't get a better deal. The monthly payments came down to $341 per month + drive off of $885 (DMV fees and first month) for a 36 month lease with 12K allowance.

  • texanmadetexanmade Posts: 6
    Hi, the MSRP for the 2014 honda accord with navi came out too 30,600 msrp . How much money monthly sounds reasonable ? For the honda accord with the numbers I gave you earlier. Thanks much
  • MichaellMichaell ColoradoPosts: 5,104

    @texanmade said: Hi, the MSRP for the 2014 honda accord with navi came out too 30,600 msrp . How much money monthly sounds reasonable ? For the honda accord with the numbers I gave you earlier. Thanks much

    The money factor and residual are fixed, as should be the MSRP. So the major variable is th selling price. You should shoot for invoice - check the Accord Prices Paid discussion for more information, and use th pricing tools at the top of the page as well.

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  • xpertjoeyxpertjoey Posts: 8
    edited April 24

    Hi, what is the MF and residual value for the 2014 Accord sedan EX-L with Navi 3 year lease 10k & 12k? I am in Brooklyn NY. Thank you! P.S. Is there any lease cash?

  • cdtottencdtotten Posts: 11
    edited April 24

    Here is the deal I am getting quoted on a 2014 Accord EX-L, V-6 w/ Navi 12k/yr in Kentucky.

    List Price - $34,405 Sale Price - $29,037.29 Trade in Negative Balance: $2,520.91

    Residual - $17,771.40 Money Factor - .000860 Putting $1500 down

    Payment quoted is $439.98 after 6% KY tax.

    Thoughts?

  • kyfdxkyfdx Posts: 28,644

    @xpertjoey said: Hi, what is the MF and residual value for the 2014 Accord sedan EX-L with Navi 3 year lease 10k & 12k? I am in Brooklyn NY. Thank you! P.S. Is there any lease cash?

    .00045 MF and 56%/55% residual. $500 lease cash.

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  • kyfdxkyfdx Posts: 28,644

    @cdtotten said: Here is the deal I am getting quoted on a 2014 Accord EX-L, V-6 w/ Navi 12k/yr in Kentucky.

    List Price - $34,405 Sale Price - $29,037.29 Trade in Negative Balance: $2,520.91

    Residual - $17,771.40 Money Factor - .000860 Putting $1500 down

    Payment quoted is $439.98 after 6% KY tax.

    Thoughts?

    That residual doesn't seem right.. The residual on V6 EX-L sedan w/NAV should be 54% for 36mo, 12K/yr. So, either the residual amount is wrong, or the MSRP is a typo.

    Using that MSRP and residual, the payment seems about right.

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  • xpertjoeyxpertjoey Posts: 8

    Hi, thanks for the previous info. Can I also get the MF and residual value for the 2014 Accord Sedan Sport Continuously Variable Transmission 3 year lease 10k & 12k? I am in Brooklyn NY. Thank you so much!

  • kyfdxkyfdx Posts: 28,644

    @xpertjoey said: Hi, thanks for the previous info. Can I also get the MF and residual value for the 2014 Accord Sedan Sport Continuously Variable Transmission 3 year lease 10k & 12k? I am in Brooklyn NY. Thank you so much!

    .00045 MF and 58% residual for 36mo, 12K/yr.

    If I gave you a 10K residual before, that was a mistake. Honda doesn't offer an 10K/yr allowance.

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  • xpertjoeyxpertjoey Posts: 8

    I'm looking to lease a 2014 Honda Accord Sport CVT for 36 mo. I'm in the Brooklyn NY area and I was offered the car at invoice $23,225. Can I get this car under invoice in my area? If so how much under is realistic? Thanks for the help.

  • kyfdxkyfdx Posts: 28,644

    @xpertjoey said: I'm looking to lease a 2014 Honda Accord Sport CVT for 36 mo. I'm in the Brooklyn NY area and I was offered the car at invoice $23,225. Can I get this car under invoice in my area? If so how much under is realistic? Thanks for the help.

    There is $500 lease cash on this car, and the possibility of $750 flex cash. I would certainly ask for $1250 under invoice, and see where it goes. The actual price should be somewhere between invoice and $1250 under.

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  • xpertjoeyxpertjoey Posts: 8
    edited April 25

    @kyfdx@Edmunds said: There is $500 lease cash on this car, and the possibility of $750 flex cash. I would certainly ask for $1250 under invoice, and see where it goes. The actual price should be somewhere between invoice and $1250 under.

    Thank you so much. Let's say I get them $1250 under invoice do I than add the acquisition fee of $595 or do I look for $1845 under invoice with the acquisition fee included?

  • kyfdxkyfdx Posts: 28,644

    No... you'll have to add the acquisition fee to that.. the acq.fee goes to the bank..

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  • ankurgankurg Posts: 19

    CAR LEASED!!!. Got the 2014 Accord EXL without navigation from Autosport Honda, Bridgewater, NJ yesterday. MSRP - 29060, Invoice (so called) - 26650. Selling price - 25600. Doc Fee (299) + Acq fee ( 595) + MV (308.5) + Taxes on monthly payment (660) = 1862 rolled into the lease bringing the monthly payment to 315 for 36 months 10k miles per year. No optional accessories added to the vehicle. I am having terrible buyer's remorse though now because I could have waited for 1 more day and then tried to negotiate a better deal on April 30th but again it was a 50-50 chance and I really needed the car asap. Any thoughts on whether it was a good deal or not?

  • MichaellMichaell ColoradoPosts: 5,104

    @ankurg said: CAR LEASED!!!. Got the 2014 Accord EXL without navigation from Autosport Honda, Bridgewater, NJ yesterday. MSRP - 29060, Invoice (so called) - 26650. Selling price - 25600. Doc Fee (299) + Acq fee ( 595) + MV (308.5) + Taxes on monthly payment (660) = 1862 rolled into the lease bringing the monthly payment to 315 for 36 months 10k miles per year. No optional accessories added to the vehicle. I am having terrible buyer's remorse though now because I could have waited for 1 more day and then tried to negotiate a better deal on April 30th but again it was a 50-50 chance and I really needed the car asap. Any thoughts on whether it was a good deal or not?

    $315/mo on a $30K car is pretty good. $900 below invoice is a great selling price.

    Enjoy your new Accord!

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  • wsrobertwsrobert Posts: 2

    Hi all. In need of some help. Looking at a 2014 EX-L with nav. Was originally provided a quote from Honda Manhattan of $313 down/out the door and $313/month. In writing. And clearly represented as including all taxes and fees. Received the actual lease agreement tonight and its not what was quoted. But now that I have the agreement, I'm trying to make sense of it all.

    I've attached the agreement and tried to highlight what I think is important below, but I'm having a hard time making sense of things. If I'm calculating right, based on the reported actual invoice of $27479, it seems I should be able to do better than the $346 monthly they're detailing. What am I missing?

    Cap Cost (includes $595 acquisition less $500 "customer rebate"): $27809 Taxes (Cashdown, tire and upfront): $1166.36 Residual: 17267. Registration, Doc and Inspection Fee: $160

    I'm trying to get back to that $313 down and $313/month number they originally detailed for me but I'm having a hard time making sense of the numbers in the agreement. The acquisition fee and what appears to be another fee noted as "rebate as cap reduction".

    Someone help?!

  • kyfdxkyfdx Posts: 28,644

    There is $500 of lease cash on the Accord. That's the "rebate". Every AHFC lease has an acquisition fee of $595. Looks like you are paying $27,714 minus the $500 rebate, for a net selling price of $27,214. If the invoice price is indeed $27,479, then their might be a little more room, but the difference between $313 and $346/mo. is $1100. I don't think you've got that much more room to bargain..

    The numbers as they present them add up to $346/mo.

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  • wsrobertwsrobert Posts: 2

    Actually. Through some other excellent information I was able to find on Edmunds, I think I've figured things out. They're basically claiming that invoice is higher than it actually is. If I calculate the payments based on the $500 lease cash and $750 flex cash, things work out to be exactly the originally quoted price of $313 down and $313 a month.

  • budsbrotherbudsbrother Posts: 13

    Just wondering if the $500 lease cash is still around for May. I've got a price on an Accord EX-L (no Nav) for the following: MSRP $29060 Sale Price $24970 + $595 Acquisition Fee ($25565 total) Residual $16,564 (57%) MF is.00045. This is for 3 years 36K. No mention is made of the $500, but it might be buried in the sale price.

  • MichaellMichaell ColoradoPosts: 5,104

    @budsbrother said: Just wondering if the $500 lease cash is still around for May. I've got a price on an Accord EX-L (no Nav) for the following: MSRP $29060 Sale Price $24970 + $595 Acquisition Fee ($25565 total) Residual $16,564 (57%) MF is.00045. This is for 3 years 36K. No mention is made of the $500, but it might be buried in the sale price.

    Lease cash is still available in May. Your MF and residual match the numbers I have.

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  • worcester90worcester90 Posts: 2
    There are still some left over 2013 models in my area. I was hoping it would be possible to get the money factory and residual on a 2013 EX-L V6 Sedan (no nav) for 12k and 15k miles and 36mos. I know there is a 2013 and earlier thread but I wasn't sure if it was closed now. Thank! :)
  • MichaellMichaell ColoradoPosts: 5,104

    @worcester90 said: There are still some left over 2013 models in my area. I was hoping it would be possible to get the money factory and residual on a 2013 EX-L V6 Sedan (no nav) for 12k and 15k miles and 36mos. I know there is a 2013 and earlier thread but I wasn't sure if it was closed now. Thank! :)

    There is $750 flex cash available on 2013 Accords, as well as promotional APR rates for purchases, but I don't have any residual or MF numbers for the 2013 Accord.

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