2015 Honda Accord Lease Questions

kyfdx

tar4 said:

kyfdx said:

tar4 said:

kyfdx said:

tar4 said:

LX-S coupe residual value, mf and any cash 36/12 in CA
EX-L coupe residual value, mf and any cash 36/12 in CA

Thank You, Thank You!

.00029 MF and $1500 lease cash.

55% residual for LX-S, 53% residual for EX-L

I have internet offers for both cars above. Any advice?

I'm turning in my 2012 3 yr lease in on a lx coupe, and I think I may have had made an off deal 3 yrs ago. I have low miles @ 22000, and my trade in value is breaking even to what I owe in excellent condition. Because I don't know what I'm doing, I want to make sure this next lease is a really good one. I really appreciate this forum, Thank You!

4th of July Sale Offers good until Monday - I'm in CA:

2015 Honda Accord LX-S Coupe (image attached is revised with $609 due at signing. Cap cost is higher than selling, is this a problem?)
$25,445 MSRP
$21,180 4th of July Sale Price**
$246mo (includes taxes and fees $609 due at signing)
$265mo (includes taxes and fees)

2015 Honda Accord EX-L Coupe (waiting for lease breakdown)
$29,315 MSRP
$24,946 4th of July Sale Price**

** Your price quote is valid for 48 hours and does not include Dealer Installed Accessories, Tax, License, or Doc Fees. We reserve the right to modify this quote to correct arithmetic errors. Incentive and pricing programs are subject to change by the Manufacturer without notice. Quoted price includes destination and delivery fees.

Your net CAP is the selling price plus the acquisition fee. Your CAP can't be lower than the selling price, unless you are making a downpayment.

The numbers and calculations are correct.

They want me to pay $609.83, is this not considered a down payment? Do you think this is a good lease? Thanks!

No.. it's not a downpayment. Take a good look at the document. It has every single piece of information on it. Just add up the columns and you'll see what your $609.83 is for. It's not a made-up number. It is the sum of the amounts listed above it. Same for the CAP cost. It's the sum of the two numbers above it.

That is one of the better lease documents that I've seen. Get out your calculator and study it. I couldn't add one single piece of information to it.

kyfdx

ck90211 said:

Hi interested in leasing a LX CVT (3 yr/ 36K miles) in MD. Wondering what is the MF, Res and Lease cash and these incentives expire. Thank you.

.00029 MF and $1500 lease cash. 57% residual.

Last day for this program is tomorrow, Monday.

Michaell

tar4 said:

LX-S coupe residual value, mf and any cash 36/12 in CA EX-L coupe residual value, mf and any cash 36/12 in CA Thank You, Thank You!

.00029 MF and $1500 lease cash. 55% residual for LX-S, 53% residual for EX-L

I have internet offers for both cars above. Any advice? I'm turning in my 2012 3 yr lease in on a lx coupe, and I think I may have had made an off deal 3 yrs ago. I have low miles @ 22000, and my trade in value is breaking even to what I owe in excellent condition. Because I don't know what I'm doing, I want to make sure this next lease is a really good one. I really appreciate this forum, Thank You! 4th of July Sale Offers good until Monday - I'm in CA: 2015 Honda Accord LX-S Coupe (image attached is revised with $609 due at signing. Cap cost is higher than selling, is this a problem?) $25,445 MSRP $21,180 4th of July Sale Price** $246mo (includes taxes and fees $609 due at signing) $265mo (includes taxes and fees) 2015 Honda Accord EX-L Coupe (waiting for lease breakdown) $29,315 MSRP $24,946 4th of July Sale Price** ** Your price quote is valid for 48 hours and does not include Dealer Installed Accessories, Tax, License, or Doc Fees. We reserve the right to modify this quote to correct arithmetic errors. Incentive and pricing programs are subject to change by the Manufacturer without notice. Quoted price includes destination and delivery fees.

Your net CAP is the selling price plus the acquisition fee. Your CAP can't be lower than the selling price, unless you are making a downpayment. The numbers and calculations are correct.

They want me to pay $609.83, is this not considered a down payment? Do you think this is a good lease? Thanks!

Nope - it covers your first payment and other up front fees. Bank fee is being added into the cap cost. 

tar4

kyfdx said:

tar4 said:

kyfdx said:

tar4 said:

kyfdx said:

tar4 said:

LX-S coupe residual value, mf and any cash 36/12 in CA
EX-L coupe residual value, mf and any cash 36/12 in CA

Thank You, Thank You!

.00029 MF and $1500 lease cash.

55% residual for LX-S, 53% residual for EX-L

I have internet offers for both cars above. Any advice?

I'm turning in my 2012 3 yr lease in on a lx coupe, and I think I may have had made an off deal 3 yrs ago. I have low miles @ 22000, and my trade in value is breaking even to what I owe in excellent condition. Because I don't know what I'm doing, I want to make sure this next lease is a really good one. I really appreciate this forum, Thank You!

4th of July Sale Offers good until Monday - I'm in CA:

2015 Honda Accord LX-S Coupe (image attached is revised with $609 due at signing. Cap cost is higher than selling, is this a problem?)
$25,445 MSRP
$21,180 4th of July Sale Price**
$246mo (includes taxes and fees $609 due at signing)
$265mo (includes taxes and fees)

2015 Honda Accord EX-L Coupe (waiting for lease breakdown)
$29,315 MSRP
$24,946 4th of July Sale Price**

** Your price quote is valid for 48 hours and does not include Dealer Installed Accessories, Tax, License, or Doc Fees. We reserve the right to modify this quote to correct arithmetic errors. Incentive and pricing programs are subject to change by the Manufacturer without notice. Quoted price includes destination and delivery fees.

Your net CAP is the selling price plus the acquisition fee. Your CAP can't be lower than the selling price, unless you are making a downpayment.

The numbers and calculations are correct.

They want me to pay $609.83, is this not considered a down payment? Do you think this is a good lease? Thanks!

No.. it's not a downpayment. Take a good look at the document. It has every single piece of information on it. Just add up the columns and you'll see what your $609.83 is for. It's not a made-up number. It is the sum of the amounts listed above it. Same for the CAP cost. It's the sum of the two numbers above it.

That is one of the better lease documents that I've seen. Get out your calculator and study it. I couldn't add one single piece of information to it.

Now that I know the numbers are adding up, do you think this is a fair, good or great deal in CA? I have 1 day before it expires. Thanks again guys!

2015 Honda Accord LX-S Coupe
$25,445 MSRP
$21,180 4th of July Sale Price**
$246mo (includes taxes and fees $609 due at signing)
$265mo (includes taxes and fees)

Michaell

tar4 said:

kyfdx said:

tar4 said:

kyfdx said:

tar4 said:

kyfdx said:

tar4 said:

LX-S coupe residual value, mf and any cash 36/12 in CA
EX-L coupe residual value, mf and any cash 36/12 in CA

Thank You, Thank You!

.00029 MF and $1500 lease cash.

55% residual for LX-S, 53% residual for EX-L

I have internet offers for both cars above. Any advice?

I'm turning in my 2012 3 yr lease in on a lx coupe, and I think I may have had made an off deal 3 yrs ago. I have low miles @ 22000, and my trade in value is breaking even to what I owe in excellent condition. Because I don't know what I'm doing, I want to make sure this next lease is a really good one. I really appreciate this forum, Thank You!

4th of July Sale Offers good until Monday - I'm in CA:

2015 Honda Accord LX-S Coupe (image attached is revised with $609 due at signing. Cap cost is higher than selling, is this a problem?)
$25,445 MSRP
$21,180 4th of July Sale Price**
$246mo (includes taxes and fees $609 due at signing)
$265mo (includes taxes and fees)

2015 Honda Accord EX-L Coupe (waiting for lease breakdown)
$29,315 MSRP
$24,946 4th of July Sale Price**

** Your price quote is valid for 48 hours and does not include Dealer Installed Accessories, Tax, License, or Doc Fees. We reserve the right to modify this quote to correct arithmetic errors. Incentive and pricing programs are subject to change by the Manufacturer without notice. Quoted price includes destination and delivery fees.

Your net CAP is the selling price plus the acquisition fee. Your CAP can't be lower than the selling price, unless you are making a downpayment.

The numbers and calculations are correct.

They want me to pay $609.83, is this not considered a down payment? Do you think this is a good lease? Thanks!

No.. it's not a downpayment. Take a good look at the document. It has every single piece of information on it. Just add up the columns and you'll see what your $609.83 is for. It's not a made-up number. It is the sum of the amounts listed above it. Same for the CAP cost. It's the sum of the two numbers above it.

That is one of the better lease documents that I've seen. Get out your calculator and study it. I couldn't add one single piece of information to it.

Now that I know the numbers are adding up, do you think this is a fair, good or great deal in CA? I have 1 day before it expires. Thanks again guys!

2015 Honda Accord LX-S Coupe
$25,445 MSRP
$21,180 4th of July Sale Price**
$246mo (includes taxes and fees $609 due at signing)
$265mo (includes taxes and fees)

The only way to improve on the deal is to negotiate a better selling price - not something we track.

Try the "Accord Prices Paid" discussion and see what @brian125 has to say about your pricing.

tar4

Thanks for the help everyone!

pixel3

We are considering leasing Accord Coupe EX-L. We are wondering if this is a good deal?

3 year / 12K per year
MSRP $29315
Selling Price $26435 - Which is $450 under invoice according to the dealer.
Money Factor .00029
Purchase Option is $15243
Lease Payment $339 / month
Paying Taxes and 1st payment upfront for a total of $1394

Thx

pixel3

pixel3 said:

We are considering leasing Accord Coupe EX-L. We are wondering if this is a good deal?

3 year / 12K per year
MSRP $29315
Selling Price $26435 - Which is $450 under invoice according to the dealer.
Money Factor .00029
Purchase Option is $15243
Lease Payment $339 / month
Paying Taxes and 1st payment upfront for a total of $1394

Thx

Forgot to mention we are in Long Island, NY.

kyfdx

pixel3 said:

We are considering leasing Accord Coupe EX-L. We are wondering if this is a good deal?

3 year / 12K per year
MSRP $29315
Selling Price $26435 - Which is $450 under invoice according to the dealer.
Money Factor .00029
Purchase Option is $15243
Lease Payment $339 / month
Paying Taxes and 1st payment upfront for a total of $1394

Thx

.00029 MF and 52% residual. $1500 lease cash.

You can look up invoice by using the Make/Model/Year tabs at the top of the page.... then, subtract the $1500 incentive.

If the selling price is the CAP cost, then I get $323/mo. Adding a $595 acquisition fee, gives me $339/mo.

I would roll the taxes in.. Just pay 1st payment and DMV fees upfront. If someone totals your car within the first few months, NY isn't going to rebate your sales tax, but if it's financed in the lease, GAP insurance will take care of it.

The calculations are correct. If you are satisfied with the selling price, then it's good.

pixel3

Thanks I was able to negotiate a lower purchase price so the lease came down to $315 (w/out taxes).

danimal1126

I was wanting to get MF and res for a 36/10k lease for a 2015 accord sedan EX in Kansas City.
Thanks

kyfdx

danimal1126 said:

I was wanting to get MF and res for a 36/10k lease for a 2015 accord sedan EX in Kansas City.
Thanks

.00029 MF and 56% residual for 36mo, 12K/yr. $1500 lease cash.

For most of the country, Honda does not offer 10K/yr mileage allowance.

tar4

What is the $1500 lease incentive? Is it still available in CA?

kyfdx

tar4 said:

What is the $1500 lease incentive? Is it still available in CA?

It's a manufacturer to dealer incentive. In effect through September 7th.

mburgos

Can someone tell me if this deal sounds good. Located in Atlanta GA where you pay the sales tax up front. (7%)

MSRP: $25,485.00
Selling Price (includes dealer fee): $20,599.00
Georgia Ad Valorem Sales Tax: 1,442.00
Titling Filing Fee: 120.00
Total Drive Out: $22,161.00
Residual is 56%
Money Factor .00029
36 month lease. Price I was getting was 229.70

Michaell

mburgos said:

Can someone tell me if this deal sounds good. Located in Atlanta GA where you pay the sales tax up front. (7%)

MSRP: $25,485.00
Selling Price (includes dealer fee): $20,599.00
Georgia Ad Valorem Sales Tax: 1,442.00
Titling Filing Fee: 120.00
Total Drive Out: $22,161.00
Residual is 56%
Money Factor .00029
36 month lease. Price I was getting was 229.70

I'm getting a number within a few pennies of yours, so the math looks right.

nado55

Hi, received a quote from dealership in AZ on 2015 Accord V6 EXL, no navi:
In the Quote was: 51% residual and .00029 MF, I was seeing on previous forum discussions residual being 54%, can someone tell me how do I verify this? Or do states have different residual rates? Lease is for 36 months/12,000 miles

Michaell

nado55 said:

Hi, received a quote from dealership in AZ on 2015 Accord V6 EXL, no navi:
In the Quote was: 51% residual and .00029 MF, I was seeing on previous forum discussions residual being 54%, can someone tell me how do I verify this? Or do states have different residual rates? Lease is for 36 months/12,000 miles

36/12 residual on the Accord V6 EX-L, no nav is 53%. Residual numbers are national and the dealer cannot modify them.

tasue

Hey I just got back from a honda dealership and was quoted $325/month for 36 months/12k  with $249 out the door cost for an 2015 accord ex-l without nav. Is that a good deal? 

ral2167

tasue said:

Hey I just got back from a honda dealership and was quoted $325/month for 36 months/12k  with $249 out the door cost for an 2015 accord ex-l without nav. Is that a good deal? 

4 or 6 cylinder?

tasue

ral2167 said:

Hey I just got back from a honda dealership and was quoted $325/month for 36 months/12k  with $249 out the door cost for an 2015 accord ex-l without nav. Is that a good deal? 

4 or 6 cylinder?

Sorry forgot to mention its a 4 cylinder

mburgos

Any idea what money factor is for a credit score of 680-708. Don't want my brother getting screwed over. He is going to be buying an LX sport cvt transmission. Any ideas on residual and money factor as well?

Michaell

mburgos said:

Any idea what money factor is for a credit score of 680-708. Don't want my brother getting screwed over. He is going to be buying an LX sport cvt transmission. Any ideas on residual and money factor as well?

.00029 and 53% for 36/15 on the Sport; 54% for 36/15 on the LX.

$1500 lease cash.

No information on MF bumps for less than tier 1 credit.

tareed

I'm looking to lease a 2015 Accord LX. I can't quite get the Weymouth Honda price but I've got this quote in NC.

MSRP: $23,725.00

Residual @ 56%: $13,286.00

Term: 36 months

Total MSRP - Discounts: $23,725.00 - $3,732.00 = $19,992.02

Capped Fees: $595.00

Adjusted Cap Cost: $20,587.02

Base Payment: $212.62

Monthly Sales Tax @ 3%: $6.38

Payment Estimate: $219.00

Up Front Payments: $219.00

Up Front Fees: $672.00

Up Front Sales Tax: $20.16

Cash Due On Lease: $911.16

Customer Cash (Down Payment): $590.00

Cash Due at Delivery Estimate: $911.16

Total over 3 years is $7,905. Weymouth Honda total is $7,376 so I'd be paying a little over $500 more over the life of the lease.

mburgos

Went to the dealer this weekend and got some numbers on the Accord LX Sport. The dealer gave me these figures then said I would have to pay a 595 acquisition fee on top of all this out of pocket. My question to him was why is it not listed when I clearly said I wanted to lease. Isn't the doc fee the acquisition fee??? There monthly payment they were telling me was it would be 268 but on my calculator I could not get those numbers I was getting lower. Can someone confirm. Thanks

Michaell

mburgos said:

Went to the dealer this weekend and got some numbers on the Accord LX Sport. The dealer gave me these figures then said I would have to pay a 595 acquisition fee on top of all this out of pocket. My question to him was why is it not listed when I clearly said I wanted to lease. Isn't the doc fee the acquisition fee??? There monthly payment they were telling me was it would be 268 but on my calculator I could not get those numbers I was getting lower. Can someone confirm. Thanks

The acquisition fee is set by the bank and is not negotiable. The doc fee is set by the dealer; they'll tell you "they have to charge it to everyone" but you can counter by offering $699 less in your price to mitigate that amount.

mburgos

I understand thanks for that heads up.

Bill3223

Hi There,
Would you be able to provide my with the Residual and MF for Accord Hybrid Base and EX-L for NY
Also interested in Accord LX and Sport...is it the same Residual and MF as Hybrids?
Lastly, is there any lease incentive or rebate available?
Thanks,

kyfdx

Bill3223 said:

Hi There,
Would you be able to provide my with the Residual and MF for Accord Hybrid Base and EX-L for NY
Also interested in Accord LX and Sport...is it the same Residual and MF as Hybrids?
Lastly, is there any lease incentive or rebate available?
Thanks,

.00029 MF and $1500 lease cash.

36mo, 15K/yr

LX: 54% residual
Sport and Hybrid base: 53% residual
Hybrid EX-L: 51% residual

Bill3223

Thank you so much.
Just to confirm, the residuals for 12k will up higher by two percent points right?
LX will be 56% for 12k/Yr
Sport and Hybrid Base will be 55%
and Hybrid EX-L will be 53%

Thanks again

Michaell

Bill3223 said:

Thank you so much.
Just to confirm, the residuals for 12k will up higher by two percent points right?
LX will be 56% for 12k/Yr
Sport and Hybrid Base will be 55%
and Hybrid EX-L will be 53%

Thanks again

Correct, 12K residuals are 2% higher than 15K residuals.

tar4

The quote is for a 2015 accord LX Coupe automatic in CA, $266.70 mo. no money down, including taxes. Quote #2 is the detailed breakdown that I requested. Are there any important numbers missing, what do you think? Thanks!

kyfdx

It looks pretty good.. a few details to be aware of. Not that it's bad, just so you know exactly what you are paying.

1) Nowhere in either of the "detailed" quotes do they mention the CAP cost. They give a selling price up top, but that doesn't include everything that's in the lease payment.

2) The upfront charges aren't really "waived".. they are added back into the CAP cost to be amortized over the remaining 35 payments. Nothing wrong with that, but you are still paying them. (plus, this means paying tax on government fees, which wouldn't happen if you paid them upfront).

3) There is also a $595 acquisition fee in the CAP cost.

4) .00029 MF and 54% residual. $1500 dealer lease cash.

If it were me, I'd pay the $653 upfront and take the lower payment. (but, it's only $31 difference in total, over the whole lease.. lol)

tar4

kyfdx said:

It looks pretty good.. a few details to be aware of. Not that it's bad, just so you know exactly what you are paying.

1) Nowhere in either of the "detailed" quotes do they mention the CAP cost. They give a selling price up top, but that doesn't include everything that's in the lease payment.

2) The upfront charges aren't really "waived".. they are added back into the CAP cost to be amortized over the remaining 35 payments. Nothing wrong with that, but you are still paying them. (plus, this means paying tax on government fees, which wouldn't happen if you paid them upfront).

3) There is also a $595 acquisition fee in the CAP cost.

4) .00029 MF and 54% residual. $1500 dealer lease cash.

If it were me, I'd pay the $653 upfront and take the lower payment. (but, it's only $31 difference in total, over the whole lease.. lol)

@kyfdx Thanks for looking over the lease. Should I ask for the cap cost and a more detailed breakdown?

Michaell

tar4 said:

kyfdx said:

It looks pretty good.. a few details to be aware of. Not that it's bad, just so you know exactly what you are paying.

1) Nowhere in either of the "detailed" quotes do they mention the CAP cost. They give a selling price up top, but that doesn't include everything that's in the lease payment.

2) The upfront charges aren't really "waived".. they are added back into the CAP cost to be amortized over the remaining 35 payments. Nothing wrong with that, but you are still paying them. (plus, this means paying tax on government fees, which wouldn't happen if you paid them upfront).

3) There is also a $595 acquisition fee in the CAP cost.

4) .00029 MF and 54% residual. $1500 dealer lease cash.

If it were me, I'd pay the $653 upfront and take the lower payment. (but, it's only $31 difference in total, over the whole lease.. lol)

@kyfdx Thanks for looking over the lease. Should I ask for the cap cost and a more detailed breakdown?

It can't hurt .. knowledge is power.

ebryan19

Am looking for MF/Res 2015 Accord EX-L or Touring - Chicago IL

Thanks.

tar4

So the dealership sent me the 3rd revised invoice with cap cost. The numbers at the bottom are cut off, ugh! (2015 accord LX Coupe automatic in CA)

kyfdx

I get the same price they do.

It's great when you can see every number, and know exactly what you are paying for..

Michaell

ebryan19 said:

Am looking for MF/Res 2015 Accord EX-L or Touring - Chicago IL

Thanks.

What lease term? How many miles per year?

ebryan19

Michaell said:

ebryan19 said:

Am looking for MF/Res 2015 Accord EX-L or Touring - Chicago IL

Thanks.

What lease term? How many miles per year?

Oh sorry. 3 year 12k. Thanks.

Michaell

ebryan19 said:

Am looking for MF/Res 2015 Accord EX-L or Touring - Chicago IL Thanks.

What lease term? How many miles per year?

Oh sorry. 3 year 12k. Thanks.

53% for EX-L V6; 50% for Touring. 

.00029 MF

tar4

The dealership just gave me the bottom half of the lease statement from above. I wanted to show all the numbers. Let me know if anything looks off or good. You have helped me greatly!

truman_r

@tar4 here is the Leasify Deal Score from the free iPhone app. 8.2/10 is recommended. Everything looks good but the app flags fees because it is taking license fees into consideration which you can't really negotiate. The deal looks good.

BBshore

Looking for MF and Residual for Accord LX Sedan Auto in Pennsylvania. Thanks!

Michaell

BBshore said:

Looking for MF and Residual for Accord LX Sedan Auto in Pennsylvania. Thanks!

What lease term and how many miles per year?

BBshore

36 mo. and 12K per year.

Michaell

BBshore said:

Looking for MF and Residual for Accord LX Sedan Auto in Pennsylvania. Thanks!

BBshore said:

36 mo. and 12K per year.

.00029 MF and 56% residual. $1500 lease cash.

tar4

Ok guys, this is my last lease to look over, it's for the 2015 EX coupe auto in CA. Do the numbers look good to you? @truman_r can you Leasify this, I can't find the app on my droid!

kyfdx

tar4 said:

Ok guys, this is my last lease to look over, it's for the 2015 EX coupe auto in CA. Do the numbers look good to you? @truman_r can you Leasify this, I can't find the app on my droid!

Looks good.. Are all of these from the same dealer? Very clear numbers. By now, you should know what you are looking at. What are you waiting for?

tar4

@kyfdx Yes, they are from the same dealer. I'm a woman, so I can't decide! It's between the accord LX & EX. Do you think the EX is worth the extra cost?

kyfdx said:

tar4 said:

Ok guys, this is my last lease to look over, it's for the 2015 EX coupe auto in CA. Do the numbers look good to you? @truman_r can you Leasify this, I can't find the app on my droid!

Looks good.. Are all of these from the same dealer? Very clear numbers. By now, you should know what you are looking at. What are you waiting for?