2015 Honda Accord Lease Questions

kyfdx

lwood87 said:

kyfdx said:

lwood87 said:

Hello,

Can you help me analyze the following offer:

2015 Accord EX-L no nav
$29,240 MSRP
$25,499 selling price
base MF and resid.
$500 down + $500 grad. incentive + 1st payment
Monthly: ~$279 including tax

How does this look?

.00039 MF.. need to know the lease term and mileage to do a calculation.. 55% residual for 36/15.

MF is 0.00039 and resid is $16,082. 36/15

Local sales tax is 6.5%

If the $1000 pays upfront costs such as acquisition fee ($595) and title registration and the CAP cost is the same as the selling price, then the payment would be about $278/mo.+tax.. You look to be about $17/mo. under that... so, some of that must be going to a cap cost reduction..

Looks like a good deal... I wouldn't bother putting the $500 down.. just take the $15/mo higher payment.

dj2006

Hi
Can you tell me the RV and MF and any lease cash for a:
2015 Honda Accord EX-L Auto -- 3/30 (or 3/36 if they don't do 30)
2015 Honda Accord EX-L V-6 Auto -- 3/30 (or 3/36 if they don't do 30)
In Orlando, FL
Thanks

kyfdx

dj2006 said:

Hi
Can you tell me the RV and MF and any lease cash for a:
2015 Honda Accord EX-L Auto -- 3/30 (or 3/36 if they don't do 30)
2015 Honda Accord EX-L V-6 Auto -- 3/30 (or 3/36 if they don't do 30)
In Orlando, FL
Thanks

.00039 MF

57% and 56% residual for 36mo, 12K/yr

asenest

Here is the deal I just made on 1/31 at a local Honda Dealer in Northern California

'15 Accord Sport
24,000 Mile 24 Month Lease
MSRP; 25,549
Selling Price; 20,684.71
$595 Acquisition Fee
$351 Rent Charge
$601.35 in Taxes/Fees/Registration and First Months Payment (Paid by dealer)
Total Gross Capitalized cost; 21,279.71

Base Monthly Pament; 221.71
Monthly Tax; 18.29

Total Payment; $240 for 23 months.

Due At Signing; $0

Overall I was happy with the deal and the car.

kyfdx

asenest said:

Here is the deal I just made on 1/31 at a local Honda Dealer in Northern California

'15 Accord Sport
24,000 Mile 24 Month Lease
MSRP; 25,549
Selling Price; 20,684.71
$595 Acquisition Fee
$351 Rent Charge
$601.35 in Taxes/Fees/Registration and First Months Payment (Paid by dealer)
Total Gross Capitalized cost; 21,279.71

Base Monthly Pament; 221.71
Monthly Tax; 18.29

Total Payment; $240 for 23 months.

Due At Signing; $0

Overall I was happy with the deal and the car.

Awesome deal..

jpipes3

Just verbally accepted a deal and scheduled pickup for this weekend...

2015 Accord Sport
3 yr / 12k per
MSRP = $25,455
Sale Price = $21,700
Residual = $14,764 (58%)
MF = .00039
Fees = $595 acq + $444 admin/doc/reg
Base Monthly = $236.27
Montly Payment w/ Tax = $257.24

$0 due at delivery, dealership makes first payment on my behalf. They chose this in lieu of making the final $280 payment due on my Buick.

They also have the following listed as Aftermarkets at $0 charge on the deal sheet: Window tint, wheel locks, Theftguard, Tireguard, Xzilon.

How'd I do? This doesn't appear to be an A+ deal, but seems pretty solid based on what I've read.

Michaell

jpipes3 said:

Just verbally accepted a deal and scheduled pickup for this weekend...

2015 Accord Sport
3 yr / 12k per
MSRP = $25,455
Sale Price = $21,700
Residual = $14,764 (58%)
MF = .00039
Fees = $595 acq + $444 admin/doc/reg
Base Monthly = $236.27
Montly Payment w/ Tax = $257.24

$0 due at delivery, dealership makes first payment on my behalf. They chose this in lieu of making the final $280 payment due on my Buick.

They also have the following listed as Aftermarkets at $0 charge on the deal sheet: Window tint, wheel locks, Theftguard, Tireguard, Xzilon.

How'd I do? This doesn't appear to be an A+ deal, but seems pretty solid based on what I've read.

Looks good. My numbers are only pennies different than yours.

maxlev

May I have updated numbers for the Accord EX-L 4 cylinder? Thinking 12k/36M. And any guidance you have on "selling price" as well. Thanks.

Michaell

maxlev said:

May I have updated numbers for the Accord EX-L 4 cylinder? Thinking 12k/36M. And any guidance you have on "selling price" as well. Thanks.

.00039 and 57%.

Use the pricing tools at the top of the page (make / model / year) to help establish a target price. And, you should check out the "Accord Prices Paid" discussion as well.

jets526

Can somebody give me an opinion on this deal. I am in Northern NJ.

2015 Honda Accord Ex-L with navigation

3 yr/ 12k per year
MSRP: $30,995
Residual: $17,058
MF: .00039
Selling Price: $26,800

If I accept this deal, I pay first month and trade in a 2003 Ford Taurus when picking up the car. The Taurus was valued at around $1,000.


Lease Price: $305 / mo ($326 w/ tax)

Michaell

jets526 said:

Can somebody give me an opinion on this deal. I am in Northern NJ.

2015 Honda Accord Ex-L with navigation

3 yr/ 12k per year
MSRP: $30,995
Residual: $17,058
MF: .00039
Selling Price: $26,800

If I accept this deal, I pay first month and trade in a 2003 Ford Taurus when picking up the car. The Taurus was valued at around $1,000.


Lease Price: $305 / mo ($326 w/ tax)

Somethings not adding up ... the 36/12 residual for the EX-L with Nav is 55%, which gives me a residual of $17,047 - OK, not a huge difference. But, with your other numbers, I get a pre-tax payment of $267.17 - almost $40 less than the dealer quote.

Ask them for the net cap cost and make sure you understand how the dealer got from the selling price to the net cap cost amount.

You may be better off selling the Taurus on your own, if you are comfortable doing that. Any car that runs is almost automatically worth $1500-2000 in a private sale.

If you do decide to trade it in, make sure you understand how the dealer is applying that $1000 - is it for drive off costs like acquisition fee and first payment? Or, are they using it to buy down the monthly payment as a cap cost reduction (down payment)?

jets526

Thanks for the quick response. If I understand what you are saying, it seems as though the $26,900 selling price doesn't make sense with my monthly lease payment. I will definitely be taking your advice and having the dealer send me a complete list of their cost calculations. I heard a good amount about fees and taxes upwards of $2500 and I figured that was why I was paying extra on the lease.

That aside, are you able to tell me if $305 / mo (considering a $1 K trade in) is a good price for this vehicle? Thanks.

Michaell

jets526 said:

Thanks for the quick response. If I understand what you are saying, it seems as though the $26,900 selling price doesn't make sense with my monthly lease payment. I will definitely be taking your advice and having the dealer send me a complete list of their cost calculations. I heard a good amount about fees and taxes upwards of $2500 and I figured that was why I was paying extra on the lease.

That aside, are you able to tell me if $305 / mo (considering a $1 K trade in) is a good price for this vehicle? Thanks.

The $305/mo before tax is decent; you may be able to do better.

jets526

I have some updated numbers if anybody has any opinions. My lease price jumped from 305 to 319 because I didn't qualify for a graduate incentive. I would appreciate any thoughts:

2015 Honda Accord Ex-L with navigation

Price: $26,928
MSRP: $30985
Acq Fee: $595
Gov''t Fee: $237
Taxes: $735.10
Doc Fee: $399

Residual : $17,041.75
MF: .00039

36 mo/ 12k a year

My total initial payment is $1319 ($1,000 trade in and first month).

Thanks or any help.

Michaell

jets526 said:

I have some updated numbers if anybody has any opinions. My lease price jumped from 305 to 319 because I didn't qualify for a graduate incentive. I would appreciate any thoughts:

2015 Honda Accord Ex-L with navigation

Price: $26,928
MSRP: $30985
Acq Fee: $595
Gov''t Fee: $237
Taxes: $735.10
Doc Fee: $399

Residual : $17,041.75
MF: .00039

36 mo/ 12k a year

My total initial payment is $1319 ($1,000 trade in and first month).

Thanks or any help.

Is the $1319 going to the up front fees and taxes?

jets526

The $319 is my first month payment and the $1000 is going towards the up front fees and taxes.

Michaell

jets526 said:

The $319 is my first month payment and the $1000 is going towards the up front fees and taxes.

Thanks - enjoy your new Accord!

jgalindo1224jg

Can you provide mf and residual 2015 accord sport yonkers ny

Michaell

jgalindo1224jg said:

Can you provide mf and residual 2015 accord sport yonkers ny

.00039 and 56% for 36/15. $500 lease cash.

jgalindo1224jg

Thank you 

jgalindo1224jg

Would those numbers make a difference on auto or manual?  So far number wise i have
2015 accord sport manual
msrp $24685 including 820 destination fee
sale price $21062
But i want to lease you think i can work on the  numbers  lower? Can you work montly payments i would maybe pay including fees need to be paid etc thanks

Michaell

jgalindo1224jg said:

Would those numbers make a difference on auto or manual?  So far number wise i have
2015 accord sport manual
msrp $24685 including 820 destination fee
sale price $21062
But i want to lease you think i can work on the  numbers  lower? Can you work montly payments i would maybe pay including fees need to be paid etc thanks

The numbers are the same regardless of transmission type.

Check the "Accord Prices Paid" discussion to see what others are paying.

With the MSRP and selling price you've given me, I get a pre-tax payment of $199.21/mo

jgalindo1224jg

So heres what i go so far
2015 accord sport manual
Msrp 24685
Lease price 21062
Money factor .00039
Residual value (wasnt giving it)
Resudual % (wasnt giving it)
Miles 12k
Term 36 months
Supposely due montly 259 or 230 if fees tax paid upfront

Bank fee 595
Tax 789
The 500 cash lease cant be added supposely

Can you plug in any info missing if you can.
And if montly payments add up

Michaell

jgalindo1224jg said:

So heres what i go so far
2015 accord sport manual
Msrp 24685
Lease price 21062
Money factor .00039
Residual value (wasnt giving it)
Resudual % (wasnt giving it)
Miles 12k
Term 36 months
Supposely due montly 259 or 230 if fees tax paid upfront

Bank fee 595
Tax 789
The 500 cash lease cant be added supposely

Can you plug in any info missing if you can.
And if montly payments add up

If I use the MSRP of $24,685 and the lease price of $21,062 as the net cap cost, along with the .00039 MF and 36/12 residual of 58%, I get a pre-tax payment of $201.15. It would take a very high tax rate to get to $230 from there.

Ask the dealer what the true net cap cost is - my guess it's higher than $21,062. If so, get them to explain how they arrived at that number.

jgalindo1224jg

The 259 they told m that woulde be if i paid dmv title and 1st payment

scarfinger68

I just leased a "2015 Honda Accord LX cvt" 3yr/36000 miles

I am not positive about all the numbers but I will post what I have:

MSRP 23,123.06
---------
Negotiated price: 21,530.73

Sales tax (7.25%): 607.33

License/title/registration fees: 140.00

Dealer DOC fee: 250.00

Acquisition fee: 595.00

all fees/tax title/doc/acquisition = Gross cap cost of 23,123.06
---------

RV: 13,970.25

Depreciation: 9,152.81

rent charge: 387.19

total cost of lease: 9540.00 + 350.00 turn in fee = 9890.00
----------

No money down, first month paid by dealer, 265.00 month due in 30 days.

so, not too sure what the fine print like MF turns out to be.

I think its a good deal but honestly I am not sure. They one thing that surprised me was the turn in fee of 350$

Any comments?

jgalindo1224jg

Forgot to  add tax is 8.375 yonkers ny

Michaell

scarfinger68 said:

I just leased a "2015 Honda Accord LX cvt" 3yr/36000 miles

I am not positive about all the numbers but I will post what I have:

MSRP 23,123.06
---------
Negotiated price: 21,530.73

Sales tax (7.25%): 607.33

License/title/registration fees: 140.00

Dealer DOC fee: 250.00

Acquisition fee: 595.00

all fees/tax title/doc/acquisition = Gross cap cost of 23,123.06
---------

RV: 13,970.25

Depreciation: 9,152.81

rent charge: 387.19

total cost of lease: 9540.00 + 350.00 turn in fee = 9890.00
----------

No money down, first month paid by dealer, 265.00 month due in 30 days.

so, not too sure what the fine print like MF turns out to be.

I think its a good deal but honestly I am not sure. They one thing that surprised me was the turn in fee of 350$

Any comments?

The MSRP is exactly the same as the cap cost? I find that surprising.

Disposition fees are the norm nowadays. My Hyundai lease has one as well. It's waived if you lease another Honda.

Decent deal given the $265 includes taxes.

Michaell

jgalindo1224jg said:

The 259 they told m that woulde be if i paid dmv title and 1st payment

Still seems too high. Get the net cap cost .. if the dealer isn't willing to share this information, it may be time to start working with a different Honda dealer.

scarfinger68

Yep. It looks like they just added fees to the negotiated price of 21,530.73 to equal the msrp of 23,123.06
so 23123.06 - 21530.73 = 1592.33 (title fee $15, reg fee $125, use tax $607 and then the mysterious "other fees" $845)

Hmm. Well. Not sure how it all works out. It will probably come into play towards the end of the lease if I want to buy it? Hmm.

scarfinger68

Yep. It looks like they just added fees to the negotiated price of 21,530.73 to equal the msrp of 23,123.06
so 23123.06 - 21530.73 = 1592.33 (title fee $15, reg fee $125, use tax $607 and then the mysterious "other fees" $845)

The other fees turns out to be the DOC fee 250 + the acquisition fee 595 = 845

kyfdx

Answered this in your other discussion.

bball44

Just got 2015 Accord EX last week in NJ. Nothing down No first month payment and tax rolled in. No other mystery fees either. 36 months 12k miles yr $287/mo. How did I do?

Michaell

bball44 said:

Just got 2015 Accord EX last week in NJ. Nothing down No first month payment and tax rolled in. No other mystery fees either. 36 months 12k miles yr $287/mo. How did I do?

Not enough information - what were the MSRP and selling prices?

bball44

Sorry, Rookie mistake
MSRP 26,650
Selling For 24,200
After taxes,reg/title,dealer fee,acquisition fee grand total- 25,520

Michaell

bball44 said:

Sorry, Rookie mistake
MSRP 26,650
Selling For 24,200
After taxes,reg/title,dealer fee,acquisition fee grand total- 25,520

I'm getting $288.21 with your numbers (.00039 MF and 59% residual). You did good - enjoy!

poogination123

Hey guys,

New to this forum. I am in desperate need of advice.

I just accepted this offer for a 36 month 15k miles lease - Accord EX-L V6 no nav.

MSRP: $31,500
Selling for around $27k
After taxes (NYC 8.875% + title ($75) + dealer fee + acquisition ($595) It comes out to around $28.5k

55% Residual - .00039 MF - Got it to $399 a month, and with $0 down... they only want me to pay 1st month along with dealer fee.

My calculations brought this to around $365-$380 after I calculated the numbers again upon leaving the dealership... did I do alright with $399?

Is there anything I can do now before I completely commit to this deal to bring the monthly cost down???

Thank you so much!

kyfdx

poogination123 said:

Hey guys,

New to this forum. I am in desperate need of advice.

I just accepted this offer for a 36 month 15k miles lease - Accord EX-L V6 no nav.

MSRP: $31,500
Selling for around $27k
After taxes (NYC 8.875% + title ($75) + dealer fee + acquisition ($595) It comes out to around $28.5k

55% Residual - .00039 MF - Got it to $399 a month, and with $0 down... they only want me to pay 1st month along with dealer fee.

My calculations brought this to around $365-$380 after I calculated the numbers again upon leaving the dealership... did I do alright with $399?

Is there anything I can do now before I completely commit to this deal to bring the monthly cost down???

Thank you so much!

I show a residual of 54% for that model.

Using your numbers ($31500 MSRP and $28500 Cap cost), but with 54% residual, I get $337/mo.

Not sure how you get $365-$380 or how they get $399/mo.

lquestions

Can I get the MF and residual for 2015 Accord Sport and Accord Coupe lx-s for 36/12 in Los Angeles, California. Thanks!

Michaell

lquestions said:

Can I get the MF and residual for 2015 Accord Sport and Accord Coupe lx-s for 36/12 in Los Angeles, California. Thanks!

.00039 MF and $500 lease cash for both trim levels.

36/12 residuals:

Sport - 58%

LX-S - 57%

goldie001

Hi
Can you give some guidance on this deal. 
2015 honda accord coupe exl 4 cylinder no nav.
current deal is 10900 prepaid lease for 36 months with 12000 miles a year.
any negatives to think about on a prepay lease?
Thanks

Michaell

goldie001 said:

Hi
Can you give some guidance on this deal. 
2015 honda accord coupe exl 4 cylinder no nav.
current deal is 10900 prepaid lease for 36 months with 12000 miles a year.
any negatives to think about on a prepay lease?
Thanks

What is the MSRP and selling price?

No negatives to a pre-pay - you get a discount on the money factor.

goldie001

Michaell said:

Hi
Can you give some guidance on this deal. 
2015 honda accord coupe exl 4 cylinder no nav.
current deal is 10900 prepaid lease for 36 months with 12000 miles a year.
any negatives to think about on a prepay lease?
Thanks

What is the MSRP and selling price? No negatives to a pre-pay - you get a discount on the money factor.

The MSRP is 28,985 and i think the  sell is 26,755.  Also question on the prepaid lease what happens if it is stolen or totaled in a wreck do you lose your money ?
Thanks 

Michaell

goldie001 said:

Michaell said:

goldie001 said:

Hi
Can you give some guidance on this deal. 
2015 honda accord coupe exl 4 cylinder no nav.
current deal is 10900 prepaid lease for 36 months with 12000 miles a year.
any negatives to think about on a prepay lease?
Thanks

What is the MSRP and selling price?

No negatives to a pre-pay - you get a discount on the money factor.

The MSRP is 28,985 and i think the  sell is 26,755.  Also question on the prepaid lease what happens if it is stolen or totaled in a wreck do you lose your money ?
Thanks 

The lease numbers on the EX-L Coupe are .00029 (pre-pay) and 55% residual for 36/12.

Pre-tax, that works out to $312.75/mo, or $11,259 for the 36 months. Your offer of $10,900 is pretty strong in comparison.

My understanding is that in a pre-paid lease, if the car is stolen or totaled, you get your money back.

alexfrnch

Hi,
Could you please show MF and RV for 2015 Accord EXL 12/36 and 15/36 in WA state? Thank you

Michaell

alexfrnch said:

Hi,
Could you please show MF and RV for 2015 Accord EXL 12/36 and 15/36 in WA state? Thank you

.00039 and 55% for 36/15. $500 lease cash.

Add 2% for 12K

kiln

Hello,

Based on these numbers is the quote I'm getting accurate or close?

2015 Honda Accord Sedan EX-L V6

MSRP $31315.00
Sale Price $27599.00
Purchase option (lease end) $17536.40
Fees $967.20 (includes a $699.00 doc fee)
Up front taxes of $45.99 - not sure what this is

I have an idea an acquisition fee is missing somewhere.

No money down

Monthly Payment $377.77 <---includes 6.5 tax
3 yr/12,000

Thank you.

Michaell

kiln said:

Hello,

Based on these numbers is the quote I'm getting accurate or close?

2015 Honda Accord Sedan EX-L V6

MSRP $31315.00
Sale Price $27599.00
Purchase option (lease end) $17536.40
Fees $967.20 (includes a $699.00 doc fee)
Up front taxes of $45.99 - not sure what this is

I have an idea an acquisition fee is missing somewhere.

No money down

Monthly Payment $377.77 <---includes 6.5 tax
3 yr/12,000

Thank you.</p>

I'm guessing the net cap cost is much higher than the selling price --- with your MSRP and selling price, along with the 36/12 residual of 56% and MF of .00039, I get a pre-tax payment of only $297.12.

Ask the dealer for the net cap cost.

kiln

Michaell said:

kiln said:

Hello,

Based on these numbers is the quote I'm getting accurate or close?

2015 Honda Accord Sedan EX-L V6

MSRP $31315.00
Sale Price $27599.00
Purchase option (lease end) $17536.40
Fees $967.20 (includes a $699.00 doc fee)
Up front taxes of $45.99 - not sure what this is

I have an idea an acquisition fee is missing somewhere.

No money down

Monthly Payment $377.77 <---includes 6.5 tax
3 yr/12,000

Thank you.</p>

I'm guessing the net cap cost is much higher than the selling price --- with your MSRP and selling price, along with the 36/12 residual of 56% and MF of .00039, I get a pre-tax payment of only $297.12.

Ask the dealer for the net cap cost.

Would the net cap cost be $27599 + $967.20 + $45.99?

Shouldn't the EX-L V6 cost more than the 4 cylinder coupe listed above?

Michaell

kiln said:

Michaell said:

kiln said:

Hello,

Based on these numbers is the quote I'm getting accurate or close?

2015 Honda Accord Sedan EX-L V6

MSRP $31315.00
Sale Price $27599.00
Purchase option (lease end) $17536.40
Fees $967.20 (includes a $699.00 doc fee)
Up front taxes of $45.99 - not sure what this is

I have an idea an acquisition fee is missing somewhere.

No money down

Monthly Payment $377.77 <---includes 6.5 tax
3 yr/12,000

Thank you.</p>

I'm guessing the net cap cost is much higher than the selling price --- with your MSRP and selling price, along with the 36/12 residual of 56% and MF of .00039, I get a pre-tax payment of only $297.12.

Ask the dealer for the net cap cost.

Would the net cap cost be $27599 + $967.20 + $45.99?

Shouldn't the EX-L V6 cost more than the 4 cylinder coupe listed above?

That sounds about right, but you should ask the dealer. This is a place where extra fees can be added. Adding the extra fees will add about $28/mo to the pre-tax payment. With tax I'm still only at $346/mo.