2015 Honda Accord Lease Questions

Michaell

moonwoo said:

Michaell said:

moonwoo said:

Quick question. What does lease cash mean? Does it go towards the net capital cost? If so does Honda advertise this? Thanks!

Lease cash is a factory to dealer incentive; not advertised. Can be used to reduce the capital cost or to offset some of the up front costs associated with a lease.

Thank you. I'm debating between leasing now or waiting till the end of the year. 

I can see the numbers for sport are 1500 lease cash and 53% residual and 0.00029 for 12000/36 mo

would you happen to have the numbers for LX and EX as well? Thank you in advance

36/12 on LX and EX sedan is .00029 and 56%. 36/12 on the Sport is 55%, not 53% - that is the 15K residual.

All Accords have .00029 MF and $1500 lease cash until Monday.

Michaell

ck90211 said:

Like to get current MF and res for '15 LX sedan for MD. And lease cash or incentives? 3 yr, 12k mile/year. Thank you.

.00029 and 56%. $1500 lease cash.

moonwoo

Perfect thank you!

Rukman W

Money factor and residual for EX-L V6 with navigation in NJ with 36/12?

thanks!

kyfdx

namkur said:

Money factor and residual for EX-L V6 with navigation in NJ with 36/12?

thanks!

Sedan? .00029 MF and 51% residual. $1500 lease cash

moonwoo

Has the MF/lease cash/residuals come out for this month? Just curious.

kyfdx

moonwoo said:

Has the MF/lease cash/residuals come out for this month? Just curious.

Sure... which model/lease/term?

inc1s0r

Does anyone know how much would it be for a 2015 Honda Accord EX-L for 36/12?

Michaell

inc1s0r said:

Does anyone know how much would it be for a 2015 Honda Accord EX-L for 36/12?

.00029 and 53%. $1500 lease cash. 

inc1s0r

Michaell said:

inc1s0r said:

Does anyone know how much would it be for a 2015 Honda Accord EX-L for 36/12?

.00029 and 53%. $1500 lease cash. 

Could you explain to me that more detailed? I'm new to all this, thank you by the way. 

Michaell

inc1s0r said:

Michaell said:

inc1s0r said:

Does anyone know how much would it be for a 2015 Honda Accord EX-L for 36/12?

.00029 and 53%. $1500 lease cash. 

Could you explain to me that more detailed? I'm new to all this, thank you by the way. 

Here is a good place to get started ....

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

jdawgdaddy

Please comment and let me know if this is a good deal or not on a 2015 Accord EX-L. Or should I just wait on a 2016 around Christmas.

All comments are appreciated!

MSRP 29,240
Discounted Price 24,520
DOC Fee 500
Tag Fee 125
Tax 730

Balance 25,875
Florida
1st payment included

0 down 35 months $325
residual .53

Michaell

jdawgdaddy said:

Please comment and let me know if this is a good deal or not on a 2015 Accord EX-L. Or should I just wait on a 2016 around Christmas.

All comments are appreciated!

MSRP 29,240
Discounted Price 24,520
DOC Fee 500
Tag Fee 125
Tax 730

Balance 25,875
Florida
1st payment included

0 down 35 months $325
residual .53

Not sure I understand what the $730 of tax represents ... Florida taxes the monthly payment.

Using your numbers, along with the .00017 MF, I get a payment of $316/mo assuming 7% tax.

jdawgdaddy

Thanks! Your right I got the tax wrong. It is dest charge of 595, a small amount of tax and other deals added fees. The mf is .00017

kyfdx

jdawgdaddy said:

Thanks! Your right I got the tax wrong. It is dest charge of 595, a small amount of tax and other deals added fees. The mf is .00017

It's not destination... $595 is the acquisition fee.

jdawgdaddy

right again. that what I get for not looking at the paperwork and trying to recall the names from memory.

firstimeinfi

Hi guys,

So I got a quote on Accord Ex 2015 sedan 12/36.

Just first payment down which is 265.

With the college grad, price goes down to 250.

Is this a good deal?

I live in NJ.

kyfdx

firstimeinfi said:

Hi guys,

So I got a quote on Accord Ex 2015 sedan 12/36.

Just first payment down which is 265.

With the college grad, price goes down to 250.

Is this a good deal?

I live in NJ.

.00017 MF and 55% residual. $1500 lease cash.

Is it good? Don't know. What is the MSRP and selling price?

d4lrap25

Hey im looking to get a Honda accord 2015 sport. I went to the dealer yesterday and they offered $225 a month with $2000 down. I want to know what are the numbers on the accord sport 2015 please. Also can u give me numbers on Accord coupe ex-L so i can see what it comes up to with the mrsp that TrueCar gives me. Thank you. Btw i live in nj and 36/12. Mrsp on 2015 sport- 25.485. True car price without doc fee: 23,393 with doc fee($299) = 23,692

Mrsp on 2015 coupe exl- $29,315 . Truecar price: 26,987 without doc fee. With doc fee: 27,356

Michaell

d4lrap25 said:

Hey im looking to get a Honda accord 2015 sport. I went to the dealer yesterday and they offered $225 a month with $2000 down. I want to know what are the numbers on the accord sport 2015 please. Also can u give me numbers on Accord coupe ex-L so i can see what it comes up to with the mrsp that TrueCar gives me. Thank you. Btw i live in nj and 36/12. Mrsp on 2015 sport- 25.485. True car price without doc fee: 23,393 with doc fee($299) = 23,692

Mrsp on 2015 coupe exl- $29,315 . Truecar price: 26,987 without doc fee. With doc fee: 27,356

.00017 MF and 54% (Sport) or 51% (EX-L Coupe).

$1500 lease cash for both; extra $250 for the coupe.

Can't help you with pricing, especially TrueCar (!).

What is the breakdown of the $2000? Does that include NJ taxes?

g35coupe1

For Indiana, could I get money factor and residual for 2015 Accord Sedan CVT LX, 36months, 12k and 15k miles/year? Thanks!!

g35coupe1

Also, is the 1,500 lease cash still valid? Thanks.

Michaell

g35coupe1 said:

For Indiana, could I get money factor and residual for 2015 Accord Sedan CVT LX, 36months, 12k and 15k miles/year? Thanks!!

.00017 and 53% for 36/15. Add 2% for 12K

g35coupe1 said:

Also, is the 1,500 lease cash still valid? Thanks.

Yes.

firstimeinfi

kyfdx said:

Hi guys, So I got a quote on Accord Ex 2015 sedan 12/36. Just first payment down which is 265. With the college grad, price goes down to 250. Is this a good deal? I live in NJ.

.00017 MF and 55% residual. $1500 lease cash. Is it good? Don't know. What is the MSRP and selling price?

firstimeinfi

MSRP is 26 650
Sale price is 22 521

Michaell

firstimeinfi said:

MSRP is 26 650
Sale price is 22 521

I get $225/mo plus tax. Seems OK, but I'd double check the net cap cost - if it's higher than the selling price, find out what's been added.

turboquattro

Can I get the MF and Residual for a 2016 Accord EX at 36/12 for Phoenix?

toledo73

What is MF and Residual for 2015 Accord EX L v6? THANKS!!

Michaell

turboquattro said:

Can I get the MF and Residual for a 2016 Accord EX at 36/12 for Phoenix?

.00165 and 59%

Michaell

toledo73 said:

What is MF and Residual for 2015 Accord EX L v6? THANKS!!

Coupe or sedan? Lease term and miles per year?

toledo73

sedan, 3 yrs/12k a year, thanks

kyfdx

toledo73 said:

What is MF and Residual for 2015 Accord EX L v6? THANKS!!

.00017 MF and 52% residual. $1500 lease cash + $250 bonus lease cash.

jjnyc

2016 Accord Coupe Touring NYC, Any lease cash? Thanks in advance

Michaell

jjnyc said:

2016 Accord Coupe Touring NYC, Any lease cash? Thanks in advance

What lease term and how many miles per year?

.00017 MF, $1500 lease cash and $250 bonus lease cash.

jjnyc

Michaell said:

jjnyc said:

2016 Accord Coupe Touring NYC, Any lease cash? Thanks in advance

What lease term and how many miles per year?

.00017 MF, $1500 lease cash and $250 bonus lease cash.

Sorry, 12k/36mo

kyfdx

jjnyc said:

Michaell said:

jjnyc said:

2016 Accord Coupe Touring NYC, Any lease cash? Thanks in advance

What lease term and how many miles per year?

.00017 MF, $1500 lease cash and $250 bonus lease cash.

Sorry, 12k/36mo

Ahh,... 2016. He didn't catch that.

.00165 MF and 52% residual.

Michaell

kyfdx said:

2016 Accord Coupe Touring NYC, Any lease cash? Thanks in advance

What lease term and how many miles per year? .00017 MF, $1500 lease cash and $250 bonus lease cash.

Sorry, 12k/36mo

Ahh,... 2016. He didn't catch that. .00165 MF and 52% residual.

There is a 2016 Accord Lease Questions discussion already set up.  :-)

donaldoadams2

Hi folks, so here are the details of a no money down lease that I closed on this weekend Chicago burbs

Vehicle: 2015 Honda accord EX-L (4dr 4cy BLK/BLK no navigation)

FYI…credit score is 842

MSRP: $29,240
Negotiated price $24,660 (was targeting $24,495 based on reading this forum)
Agreed upon selling price $25,098.27
Taxes: 810.12 (7.00%)
Acquisition Fee: 595.00
Dealer Doc 168.43
Gross Cap Cost: $26,696.82
Cap Cost Reduction: N/A
Adjusted Cost: $26,696.82
Vehicle rent: 258.12
Base of Payment: $11,457.74
Residual Value: $15,497 (53%)
Money factor: .00017
36 month 12k yr lease
36 monthly payments: $ 318.27
First months Payment rolled in deal $318.27
Title rolled in deal $95.00
Registration rolled in deal $25.00
35 monthly payments remaining: $ 318.27
Total of monthly payments $11, 457.72



Felt sort of OK with the deal, however there were a two things really bothered me.


1. Originally negotiated a price $24,660…but when I said no money down….they added/rolled the first months payment, title and reg fee ($438.27) onto the selling price. This seemed strange to me but It wasn’t worth wasting another Saturday fighting over $400 bucks. Shouldn’t these items have been added as capitalized costs? Based on my original calculations I felt like they baked in an additional $10 bucks into the monthly payment somehow..which nets out to about $400 bucks? My calcs had the payment around $308-$310 a month. Can anyone please explain what they did? FYI, I argued with them so much about this they threw in a set of all weather floor mats.

2. Seems like Honda is charging a $350.00 disposition fee now?..argued against it but they wouldn’t budge. Never seen this before on any of my 5 prior leases.

Michaell

donaldoadams2 said:

Hi folks, so here are the details of a no money down lease that I closed on this weekend Chicago burbs

Vehicle: 2015 Honda accord EX-L (4dr 4cy BLK/BLK no navigation)

FYI…credit score is 842

MSRP: $29,240
Negotiated price $24,660 (was targeting $24,495 based on reading this forum)
Agreed upon selling price $25,098.27
Taxes: 810.12 (7.00%)
Acquisition Fee: 595.00
Dealer Doc 168.43
Gross Cap Cost: $26,696.82
Cap Cost Reduction: N/A
Adjusted Cost: $26,696.82
Vehicle rent: 258.12
Base of Payment: $11,457.74
Residual Value: $15,497 (53%)
Money factor: .00017
36 month 12k yr lease
36 monthly payments: $ 318.27
First months Payment rolled in deal $318.27
Title rolled in deal $95.00
Registration rolled in deal $25.00
35 monthly payments remaining: $ 318.27
Total of monthly payments $11, 457.72



Felt sort of OK with the deal, however there were a two things really bothered me.


1. Originally negotiated a price $24,660…but when I said no money down….they added/rolled the first months payment, title and reg fee ($438.27) onto the selling price. This seemed strange to me but It wasn’t worth wasting another Saturday fighting over $400 bucks. Shouldn’t these items have been added as capitalized costs? Based on my original calculations I felt like they baked in an additional $10 bucks into the monthly payment somehow..which nets out to about $400 bucks? My calcs had the payment around $308-$310 a month. Can anyone please explain what they did? FYI, I argued with them so much about this they threw in a set of all weather floor mats.

2. Seems like Honda is charging a $350.00 disposition fee now?..argued against it but they wouldn’t budge. Never seen this before on any of my 5 prior leases.

1. The MF on $0 due at signing deals is lowered to compensate
2. Disposition fees are becoming more common with leases

donaldoadams2

Sorry, not sure what this means? "1. The MF on $0 due at signing deals is lowered to compensate" Did they do something shady with the numbers? how would you rate this deal?

hondaretailer

donaldoadams2 said:

Hi folks, so here are the details of a no money down lease that I closed on this weekend Chicago burbs

Vehicle: 2015 Honda accord EX-L (4dr 4cy BLK/BLK no navigation)

FYI…credit score is 842

MSRP: $29,240
Negotiated price $24,660 (was targeting $24,495 based on reading this forum)
Agreed upon selling price $25,098.27
Taxes: 810.12 (7.00%)
Acquisition Fee: 595.00
Dealer Doc 168.43
Gross Cap Cost: $26,696.82
Cap Cost Reduction: N/A
Adjusted Cost: $26,696.82
Vehicle rent: 258.12
Base of Payment: $11,457.74
Residual Value: $15,497 (53%)
Money factor: .00017
36 month 12k yr lease
36 monthly payments: $ 318.27
First months Payment rolled in deal $318.27
Title rolled in deal $95.00
Registration rolled in deal $25.00
35 monthly payments remaining: $ 318.27
Total of monthly payments $11, 457.72



Felt sort of OK with the deal, however there were a two things really bothered me.


1. Originally negotiated a price $24,660…but when I said no money down….they added/rolled the first months payment, title and reg fee ($438.27) onto the selling price. This seemed strange to me but It wasn’t worth wasting another Saturday fighting over $400 bucks. Shouldn’t these items have been added as capitalized costs? Based on my original calculations I felt like they baked in an additional $10 bucks into the monthly payment somehow..which nets out to about $400 bucks? My calcs had the payment around $308-$310 a month. Can anyone please explain what they did? FYI, I argued with them so much about this they threw in a set of all weather floor mats.

2. Seems like Honda is charging a $350.00 disposition fee now?..argued against it but they wouldn’t budge. Never seen this before on any of my 5 prior leases.

On a zero due lease sign you're rolling all of your fees, including the first payment. Your additional $10.00 or so per month is your first payment -- there's still 36 payments, you're just rolling #1 into the lease rather than paying it on day one. Your first payment in 30 days will actually be your second payment.

kyfdx

hondaretailer said:

donaldoadams2 said:

Hi folks, so here are the details of a no money down lease that I closed on this weekend Chicago burbs

Vehicle: 2015 Honda accord EX-L (4dr 4cy BLK/BLK no navigation)

FYI…credit score is 842

MSRP: $29,240
Negotiated price $24,660 (was targeting $24,495 based on reading this forum)
Agreed upon selling price $25,098.27
Taxes: 810.12 (7.00%)
Acquisition Fee: 595.00
Dealer Doc 168.43
Gross Cap Cost: $26,696.82
Cap Cost Reduction: N/A
Adjusted Cost: $26,696.82
Vehicle rent: 258.12
Base of Payment: $11,457.74
Residual Value: $15,497 (53%)
Money factor: .00017
36 month 12k yr lease
36 monthly payments: $ 318.27
First months Payment rolled in deal $318.27
Title rolled in deal $95.00
Registration rolled in deal $25.00
35 monthly payments remaining: $ 318.27
Total of monthly payments $11, 457.72



Felt sort of OK with the deal, however there were a two things really bothered me.


1. Originally negotiated a price $24,660…but when I said no money down….they added/rolled the first months payment, title and reg fee ($438.27) onto the selling price. This seemed strange to me but It wasn’t worth wasting another Saturday fighting over $400 bucks. Shouldn’t these items have been added as capitalized costs? Based on my original calculations I felt like they baked in an additional $10 bucks into the monthly payment somehow..which nets out to about $400 bucks? My calcs had the payment around $308-$310 a month. Can anyone please explain what they did? FYI, I argued with them so much about this they threw in a set of all weather floor mats.

2. Seems like Honda is charging a $350.00 disposition fee now?..argued against it but they wouldn’t budge. Never seen this before on any of my 5 prior leases.

On a zero due lease sign you're rolling all of your fees, including the first payment. Your additional $10.00 or so per month is your first payment -- there's still 36 payments, you're just rolling #1 into the lease rather than paying it on day one. Your first payment in 30 days will actually be your second payment.

What he said..

ccc132435

I would appreciate information.

What is the MF and residual for the month of October for:
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?

kyfdx

ccc132435 said:

I would appreciate information.

What is the MF and residual for the month of October for:
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?

Um... aren't those the same vehicle?

Sedan: .00017 MF and 52% residual. $1750 lease cash

Michaell

kyfdx said:

ccc132435 said:

I would appreciate information.

What is the MF and residual for the month of October for:
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?

Um... aren't those the same vehicle?

Sedan: .00017 MF and 52% residual. $1750 lease cash

I'm guessing one is with Nav, one without.

52% for no nav, 50% with nav, on a 36/12 lease. MF and lease cash are the same for both.

ritesh237

Can you please provide me MF and RV for 2015 LX & Sports sedan models with 24/12 and 36/12? Is there any lease cash available?

I am in Charlotte, NC. Also, any idea about the selling price that I should be targeting?

ccc132435

Michaell said:

kyfdx said:

ccc132435 said:

I would appreciate information.

What is the MF and residual for the month of October for:
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?

Um... aren't those the same vehicle?

Sedan: .00017 MF and 52% residual. $1750 lease cash

I'm guessing one is with Nav, one without.

52% for no nav, 50% with nav, on a 36/12 lease. MF and lease cash are the same for both.

Good call, that's exactly what I meant.
One more question. How does the lease cash work? After the negotiated price? Also where I can find the link for the $1,750 lease cash. I am planning to go to the dealership tomorrow. Thank you!!

Michaell

ritesh237 said:

Can you please provide me MF and RV for 2015 LX & Sports sedan models with 24/12 and 36/12? Is there any lease cash available?

I am in Charlotte, NC. Also, any idea about the selling price that I should be targeting?

2015 LX
24/12 - 61%
36/12 - 55%

2015 Sport
24/12 - 60%
36/12 - 54%

.00017 MF and $1500 lease cash for both

Michaell

ccc132435 said:

Michaell said:

kyfdx said:

ccc132435 said:

I would appreciate information.

What is the MF and residual for the month of October for:
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?
2015 Accord EX-L V6 12K/36 months? any lease cash/incentives?

Um... aren't those the same vehicle?

Sedan: .00017 MF and 52% residual. $1750 lease cash

I'm guessing one is with Nav, one without.

52% for no nav, 50% with nav, on a 36/12 lease. MF and lease cash are the same for both.

Good call, that's exactly what I meant.
One more question. How does the lease cash work? After the negotiated price? Also where I can find the link for the $1,750 lease cash. I am planning to go to the dealership tomorrow. Thank you!!

Lease cash isn't published; it's a factory to dealer incentive. Use that knowledge to negotiate your best price.

stickshift4

Are there lease numbers for 2015 Accords for November yet? Interested in Sport RV and MF at 12k and 15k. Also EXL v6 RV and MF with 12k and 15k. (Lease cash availability for either?). Thanks for making this information accessible. It is greatly appreciated.