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Anyone know the MF and Residual on a 2015 Accord Sedan EX-L V6 (No Navi)?

joelinpajoelinpa Member Posts: 5
edited August 2015 in Honda
I'm looking to determine the lease amount for a 2015 Accord Sedan EX-L without Navi. MSRP is $31,315. I'm in Pennsylvania and would be at 12k miles for 36 months. Using the Edmunds calculator at a MF of 0.00025 and a residual of 56% I get $425. Credit Score is 800+. Is $425 right or should I expect to come down off of full MSRP of $31,315?

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    MichaellMichaell Moderator Posts: 244,051
    joelinpa said:

    I'm looking to determine the lease amount for a 2015 Accord Sedan EX-L without Navi. MSRP is $31,315. I'm in Pennsylvania and would be at 12k miles for 36 months. Using the Edmunds calculator at a MF of 0.00025 and a residual of 56% I get $425. Credit Score is 800+. Is $425 right or should I expect to come down off of full MSRP of $31,315?

    .00029 is the base MF for the Accord this month. 36/12 residual is 54% for 4-cylinder EX-L w/o Nav. There is also $1500 lease cash available this month.

    You should be able to get quite a bit of a discount from the sticker price; try this forum to get some expert help:

    http://forums.edmunds.com/discussion/30932/honda/accord/2015-honda-accord-prices-paid-and-buying-experience#latest

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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    joelinpajoelinpa Member Posts: 5
    How is the $1500 lease cash applied? To the Cap Cost? Through Edmunds Price Promise Quote, it looks like I can get the EXL V6 I'm looking for at a price of $26,269...which is significant. Would lease cash be applied to that? Also when you say that the MF of .00029 is the base MF, what do you mean...can I do better with 800+ credit score?
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    MichaellMichaell Moderator Posts: 244,051
    joelinpa said:

    How is the $1500 lease cash applied? To the Cap Cost? Through Edmunds Price Promise Quote, it looks like I can get the EXL V6 I'm looking for at a price of $26,269...which is significant. Would lease cash be applied to that? Also when you say that the MF of .00029 is the base MF, what do you mean...can I do better with 800+ credit score?

    .00029 is the best MF you can get.

    I don't know if the Price Promise quote includes the lease cash or not, but I suspect that it does.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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