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2014 Honda Accord Lease Questions

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  • nike220nike220 Member Posts: 21

    Looking to lease a 2004 Honda Accord LX tomorrow.

    Location: New York
    MSRP: $23,545
    Incentives: $750
    Term: 36 Months

    What is the money factor for Putnam county New York?
    What is the residual for 15,000 miles?

    Thanks!

  • MichaellMichaell Moderator Posts: 240,068

    @nike220 said:
    Looking to lease a 2004 Honda Accord LX tomorrow.

    Location: New York
    MSRP: $23,545
    Incentives: $750
    Term: 36 Months

    What is the money factor for Putnam county New York?
    What is the residual for 15,000 miles?

    Thanks!

    56% residual and .00026 MF

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  • pilot_driverpilot_driver Member Posts: 7

    I am planning to lease an Accord 2014 LX (Black with Black interior) in New Jersey. My dealer is offering me this deal...
    36 months lease with 12k miles/year
    Sale Price: $20,520.00
    Residual: $13,656.00
    Money Factor: 0.000260
    Down: $1000 (includes first months payment and tax, tags, & bank fee)
    Monthly Payment: $220
    This dealer offers FREE oil and filter changes for the lease period.

    Can anyone let me know if this is a good deal or not?

  • MichaellMichaell Moderator Posts: 240,068

    @pilot_driver said:
    I am planning to lease an Accord 2014 LX (Black with Black interior) in New Jersey. My dealer is offering me this deal...
    36 months lease with 12k miles/year
    Sale Price: $20,520.00
    Residual: $13,656.00
    Money Factor: 0.000260
    Down: $1000 (includes first months payment and tax, tags, & bank fee)
    Monthly Payment: $220
    This dealer offers FREE oil and filter changes for the lease period.

    Can anyone let me know if this is a good deal or not?

    .00026 and 58% are the base MF and residual for the Accord LX for 36/12. I reverse engineer the MSRP as $23,545.

    I calculate a pre-tax payment of $199.55 using this information. Be aware that NJ computes the total sales tax for the lease and collects it up front - can be paid at lease inception or rolled into the cap cost.

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  • rolento76rolento76 Member Posts: 47
    edited June 2014

    @pilot_driver said:
    I am planning to lease an Accord 2014 LX (Black with Black interior) in New Jersey. My dealer is offering me this deal...
    36 months lease with 12k miles/year
    Sale Price: $20,520.00
    Residual: $13,656.00
    Money Factor: 0.000260
    Down: $1000 (includes first months payment and tax, tags, & bank fee)
    Monthly Payment: $220
    This dealer offers FREE oil and filter changes for the lease period.

    Can anyone let me know if this is a good deal or not?

    Which dealer is this? I just leased a 2014 Accord LX CVT black/black for $179 a month 36/12k, $1534 out the door.

  • pilot_driverpilot_driver Member Posts: 7

    @rolento76 said:
    Which dealer is this? I just leased a 2014 Accord LX CVT black/black for $179 a month 36/12k, $1534 out the door.

    This is Sloane Honda in Philadelphia, PA. Car will be registered in NJ. Where did you buy your Accord. Can you give me dealer and sales person's name?

  • rolento76rolento76 Member Posts: 47

    @pilot_driver said:
    This is Sloane Honda in Philadelphia, PA. Car will be registered in NJ. Where did you buy your Accord. Can you give me dealer and sales person's name?

    Garden State Honda in Clifton, NJ. The dealer's name is David R. Just mention my name, Jan. The black/black is sharp and I am loving it! Good luck.

  • persianaraspersianaras Member Posts: 41

    Could you please post this month's RV and MF for a 2014 Accord Sedan EX-L 2.4L 4-cyl (w/o navigation) with 15k and 12k miles/yr for 36 months in AZ?

  • kyfdxkyfdx Moderator Posts: 235,188

    @persianaras said:
    Could you please post this month's RV and MF for a 2014 Accord Sedan EX-L 2.4L 4-cyl (w/o navigation) with 15k and 12k miles/yr for 36 months in AZ?

    .00026 MF and 54%/56% residual. $750 lease cash.

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  • persianaraspersianaras Member Posts: 41

    Thank you! Also, could you please post RV and MF for:

    COUPE EX-L 2.4L 4-cyl (w/o nav) with 15k and 12k miles/yr for 36 and 24 months ?

    Sedan EX-L 2.4L 4-cyl (w/o nav) with 15k and 12k miles/yr for 24 months?

    In AZ.

  • MichaellMichaell Moderator Posts: 240,068

    @persianaras said:
    Thank you! Also, could you please post RV and MF for:

    COUPE EX-L 2.4L 4-cyl (w/o nav) with 15k and 12k miles/yr for 36 and 24 months ?

    Sedan EX-L 2.4L 4-cyl (w/o nav) with 15k and 12k miles/yr for 24 months?

    In AZ.

    MF of .00026 for all. $750 lease cash on sedan; $1000 lease cash on coupe

    24/15 (Coupe) - 59%

    36/15 (Coupe) - 52%

    24/15 (Sedan) - 61%

    36/15 (Sedan) - 54%

    Add 1% for 24/12; add 2% for 36/12

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  • trusaleen1trusaleen1 Member Posts: 98

    Finally found a local dealer that has the car I want, can you please confirm the lease program, MF and Residual.

    2014 Honda Accord V6 Coupe EX-L W/O Navi 6 Speed Manual
    36 months 15k per year
    Northern California

  • MichaellMichaell Moderator Posts: 240,068

    @trusaleen1 said:
    Finally found a local dealer that has the car I want, can you please confirm the lease program, MF and Residual.

    2014 Honda Accord V6 Coupe EX-L W/O Navi 6 Speed Manual
    36 months 15k per year
    Northern California

    .00074 MF and $1000 lease cash. 51% residual.

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  • thebigtuna1979thebigtuna1979 Member Posts: 21

    Leased a 2014 Accord EX with 6 speed manual transmission (MSRP $25,670) 36M/12K per year for $255.55 a month. Nothing out of pocket, just my signature. NY Plates, Registration, taxes (8.375% tax rate) and first month included. Basically, total cost of lease is $255.55 x 35 months (Plus a $350 disposition fee at end of lease)

  • rbirns1rbirns1 Member Posts: 311

    What are the residual and MF for Accord LX and Sport sedans, 36/10+12k, in Alabama?

  • kyfdxkyfdx Moderator Posts: 235,188

    @thebigtuna1979 said:
    Leased a 2014 Accord EX with 6 speed manual transmission (MSRP $25,670) 36M/12K per year for $255.55 a month. Nothing out of pocket, just my signature. NY Plates, Registration, taxes (8.375% tax rate) and first month included. Basically, total cost of lease is $255.55 x 35 months (Plus a $350 disposition fee at end of lease)

    Nice job...

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  • kyfdxkyfdx Moderator Posts: 235,188

    @rbirns1 said:
    What are the residual and MF for Accord LX and Sport sedans, 36/10+12k, in Alabama?

    .00074 MF. 58% for the LX and 57% for the Sport for 36mo, 12K/yr.

    Honda doesn't list a 10K/yr lease program, but if available, residuals would be 1% higher.

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  • sam_dukesam_duke Member Posts: 17

    @thebigtuna1979 said:
    Leased a 2014 Accord EX with 6 speed manual transmission (MSRP $25,670) 36M/12K per year for $255.55 a month. Nothing out of pocket, just my signature. NY Plates, Registration, taxes (8.375% tax rate) and first month included. Basically, total cost of lease is $255.55 x 35 months (Plus a $350 disposition fee at end of lease)

    Hi can you please tell me which dealer you used? I would appreciate your help and time.

  • accorddoctoraccorddoctor Member Posts: 1

    Hi, I am new to leasing. I am planning to lease Honda accord 2014 sport vs EX-L.

    Could any one please explain to me what is the

    Gross Cap Cost
    Adj Cap Cost
    Residual
    MF-.*****

    I see every one is writing these phrased but I do not know what is that.
    And what do you think it should be for Honda accord 2014 sport vs EX-L in south florida.

    I went to a dealer and he offered me:
    36 MOS/12K for the sport 312$ for 0 down + tag
    and
    36 mos/12K for the EX-L 412 for 0 down + tag

    what do you think? is it a good price ? I am planning to buy the car after the leasing probably.

    Thank you for the help in advance

  • aschugeraschuger Member Posts: 55

    It's early in the month but if you have them please post July's residual and MF for a 2014 Accord Sedan EX-L 2.4L 4-cyl (without navigation) for 36 months with 15k miles/yr in California.

    Also please let me know if there are any interesting rebates for this lease.

    Thanks for the help.

  • kyfdxkyfdx Moderator Posts: 235,188

    @accorddoctor said:
    Hi, I am new to leasing. I am planning to lease Honda accord 2014 sport vs EX-L.

    Could any one please explain to me what is the

    Gross Cap Cost
    Adj Cap Cost
    Residual
    MF-.*****

    I see every one is writing these phrased but I do not know what is that.
    And what do you think it should be for Honda accord 2014 sport vs EX-L in south florida.

    I went to a dealer and he offered me:
    36 MOS/12K for the sport 312$ for 0 down + tag
    and
    36 mos/12K for the EX-L 412 for 0 down + tag

    what do you think? is it a good price ? I am planning to buy the car after the leasing probably.

    Thank you for the help in advance

    Leasing a car is a big financial commitment. Edmunds has a lot of good information about leasing, here:

    http://www.edmunds.com/car-leasing/

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  • kyfdxkyfdx Moderator Posts: 235,188

    @aschuger said:
    It's early in the month but if you have them please post July's residual and MF for a 2014 Accord Sedan EX-L 2.4L 4-cyl (without navigation) for 36 months with 15k miles/yr in California.

    Also please let me know if there are any interesting rebates for this lease.

    Thanks for the help.

    Honda lease numbers don't change until July 8th.. the current numbers are:

    .00026 MF and 54% residual. $750 lease cash.

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  • xmmsxmms Member Posts: 10
    edited July 2014

    Hi -- Looking for residual value and MF on Honda Accord EX-L V6 No Nav. Looking at both 24 and 36 months in North Carolina, 12k miles/year. I'm assuming the quoted rates are the lowest for those with excellent credit?

    The guy I talked to at the dealership mentioned the MF could even be .000416 (<1%), that seemed very low

    Thank you

  • kyfdxkyfdx Moderator Posts: 235,188

    @xmms said:
    Hi -- Looking for residual value and MF on Honda Accord EX-L V6 No Nav. Looking at both 24 and 36 months in North Carolina, 12k miles/year. I'm assuming the quoted rates are the lowest for those with excellent credit?

    The guy I talked to at the dealership mentioned the MF could even be .000416 (<1%), that seemed very low

    Thank you

    .00074 MF and 55% for 36 months.. 62% for 24 months. $1000 lease cash.

    Those numbers are only good through July 7th.

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  • cnote2cnote2 Member Posts: 140

    Need Accord Sport 4DR, 36m 12k lease rates in PA? 750 lease cash?

  • MichaellMichaell Moderator Posts: 240,068
    edited July 2014

    @cnote2 said:
    Need Accord Sport 4DR, 36m 12k lease rates in PA? 750 lease cash?

    .00026 and $750 lease cash. 57% residual.

    Both these numbers expire today.

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  • aschugeraschuger Member Posts: 55

    @aschuger said:
    It's early in the month but if you have them please post July's residual and MF for a 2014 Accord Sedan EX-L 2.4L 4-cyl (without navigation) for 36 months with 15k miles/yr in California.

    Also please let me know if there are any interesting rebates for this lease.

    Thanks for the help.

    It's July 8th so the new Honda lease rates should be out. Please let me know the MF and residual for the lease quote above. Thanks.

  • MichaellMichaell Moderator Posts: 240,068

    @aschuger said:
    It's July 8th so the new Honda lease rates should be out. Please let me know the MF and residual for the lease quote above. Thanks.

    They may be out but we don't have them just yet.

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  • kyfdxkyfdx Moderator Posts: 235,188

    @aschuger said:
    It's early in the month but if you have them please post July's residual and MF for a 2014 Accord Sedan EX-L 2.4L 4-cyl (without navigation) for 36 months with 15k miles/yr in California.

    Also please let me know if there are any interesting rebates for this lease.

    Thanks for the help.

    Effective July 8th:

    .00026 MF and 53% residual. $850 lease cash.

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  • persianaraspersianaras Member Posts: 41

    Could you please post RV, MF and rebates for 12k/36 mo lease on 2014 Accord (in AZ):

    COUPE EX-L 2.4L 4-cyl (w/o nav)
    Sedan EX and LX (auto)

    Thanks in advance!

  • kyfdxkyfdx Moderator Posts: 235,188

    @persianaras said:
    Could you please post RV, MF and rebates for 12k/36 mo lease on 2014 Accord (in AZ):

    COUPE EX-L 2.4L 4-cyl (w/o nav)
    Sedan EX and LX (auto)

    Thanks in advance!

    .00026 MF

    Coupe: 55% residual. $1200 lease cash.

    Sedans: 57% residua. $850 lease cash.

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  • trusaleen1trusaleen1 Member Posts: 98

    Is the MF on the 2014 V6 Coupe EX-L also .00026 in CA?

  • MichaellMichaell Moderator Posts: 240,068

    @trusaleen1 said:
    Is the MF on the 2014 V6 Coupe EX-L also .00026 in CA?

    Yes.

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  • trusaleen1trusaleen1 Member Posts: 98
    edited July 2014

    Great so just to confirm, 2014 V6 EX-L 6-speed coupe W/O Navi is the following for 36/12k in Cali. Local Dealer had one a few weeks ago but sold it, this car is so difficult to find in Cali

    MF .00026
    Residual 55
    1200 lease cash?

  • kyfdxkyfdx Moderator Posts: 235,188

    @trusaleen1 said:

    Great so just to confirm, 2014 V6 EX-L 6-speed coupe W/O Navi is the following for 36/12k in Cali. Local Dealer had one a few weeks ago but sold it, this car is so difficult to find in Cali

    MF .00026
    Residual 55
    1200 lease cash?

    Residual is 52%, not 55%

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  • persianaraspersianaras Member Posts: 41

    After reviewing the Incentives & Rebates page, it looks like Dealer Cash is no longer available. Is this accurate? Or is there a possibility that it would become available later this month? I recall $500 in June. Thanks again.

  • kyfdxkyfdx Moderator Posts: 235,188

    @persianaras said:
    After reviewing the Incentives & Rebates page, it looks like Dealer Cash is no longer available. Is this accurate? Or is there a possibility that it would become available later this month? I recall $500 in June. Thanks again.

    If leasing, $850 on 4-cylinder sedans or $1200 on 6-cylinder sedans or any coupe.

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  • smartin104smartin104 Member Posts: 42

    sorry i think we are beating a dead horse.. but what is the RV and MF and any incentives for a 24/27/36/39.. 12k/yr lease on the 2014 Honda Accord Touring sedan in northern NJ..Thank you kindly

  • MichaellMichaell Moderator Posts: 240,068

    @smartin104 said:
    sorry i think we are beating a dead horse.. but what is the RV and MF and any incentives for a 24/27/36/39.. 12k/yr lease on the 2014 Honda Accord Touring sedan in northern NJ..Thank you kindly

    57% / 56% / 51% / 49%

    .00026 and $1200 lease cash for all lease terms.

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  • mossburghmossburgh Member Posts: 39
    edited July 2014

    There is something funny going on with the quote I received last night on the 2014 Accord Sport. They quoted a MF of .00026 - good, a discounted price of 22,375 - pretty good, and a Residual value of 56% - seems better than fair, with $542 down - BAD. I am buying in Pittsburgh where sales tax is 7%. It seems the monthly payment they quoted, $284.30 is quite high. Using my calculator, I am coming up with a price monthly payment of $238. Any thoughts on this, overall.

  • MichaellMichaell Moderator Posts: 240,068

    @mossburgh said:
    There is something funny going on with the quote I received last night on the 2014 Accord Sport. They quoted a MF of .00026 - good, a discounted price of 22,375 - pretty good, and a Residual value of 56% - seems better than fair, with $542 down - BAD. I am buying in Pittsburgh where sales tax is 7%. It seems the monthly payment they quoted, $284.30 is quite high. Using my calculator, I am coming up with a price monthly payment of $238. Any thoughts on this, overall.

    What is the MSRP - Edmunds shows $23,715.

    56% is the residual for 36/12 on the Sport model, and MF is indeed .00026.

    When I plug in these numbers, I get a pre-tax payment of $261.90. 7% tax takes the payment to $280.23.

    I think you can get a better selling price - if you check the Accord Prices Paid forum, you will see that folks are routinely getting over $1000 below invoice. Also remember to factor in the $850 lease cash from Honda this month.

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  • mossburghmossburgh Member Posts: 39

    @Michaell said:
    I think you can get a better selling price - if you check the Accord Prices Paid forum, you will see that folks are routinely getting over $1000 below invoice. Also remember to factor in the $850 lease cash from Honda this month.

    Sorry about that - The MSRP is 25,305. 23,715 is for the manual. Also, should I have to ask for the $850? Is that something that is likely already factored in to the discounted price of $22,375?

  • mossburghmossburgh Member Posts: 39

    One other thing, I have been told by two dealers, Day Apollo Subaru in Moon Township PA and Dean Honda in Pleasant Hills - Tax is 7% for the county plus 3% for usage or something. Does this sound correct?

  • MichaellMichaell Moderator Posts: 240,068

    @mossburgh said:
    Sorry about that - The MSRP is 25,305. 23,715 is for the manual. Also, should I have to ask for the $850? Is that something that is likely already factored in to the discounted price of $22,375?

    You'd have to ask the dealer, but I suspect the $850 is built into their offer.

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  • MichaellMichaell Moderator Posts: 240,068

    @mossburgh said:
    One other thing, I have been told by two dealers, Day Apollo Subaru in Moon Township PA and Dean Honda in Pleasant Hills - Tax is 7% for the county plus 3% for usage or something. Does this sound correct?

    I'm not familiar with tax rates outside of my home state of Colorado, though I agree with the 7% state/county sales tax. Not sure about the other 3% - you might search on-line with your state tax board.

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  • coolzcoolz Member Posts: 2
    Can you please let me know what is the MF and RV for a 14 sedan EX-L Nav for 36mo 12 and 15k in Texas? Thank you!
  • MichaellMichaell Moderator Posts: 240,068

    @coolz said:
    Can you please let me know what is the MF and RV for a 14 sedan EX-L Nav for 36mo 12 and 15k in Texas? Thank you!

    51% for 36/15. Add 2% for 12K.

    .00074 and $850 lease cash.

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  • mossburghmossburgh Member Posts: 39

    As @persianaras said above: "After reviewing the Incentives & Rebates page, it looks like Dealer Cash is no longer available. Is this accurate?" You say to not forget the $850 Lease cash but, if it is not advertised, how to you go about requesting this incentive? Where do you obtain this information?

    Also, with the MSRP($25,305) provided, would you agree this ($22,375) is a pretty good deal, either way? Thank you for the responses.

  • kyfdxkyfdx Moderator Posts: 235,188

    We have a very active discussion on Honda Accord pricing, here:

    http://forums.edmunds.com/discussion/16722/honda/x/2014-honda-accord-prices-paid-and-buying-experiences#latest

    A couple of things to keep in mind, when comparing the lease selling price to a purchase. If using the special financing, there is no cash incentive, but on a cash deal, there is a $1000 incentive vs. the $850 incentive on leases.

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