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2016 Honda Accord Lease Questions

moonwoomoonwoo Member Posts: 59
edited September 2015 in Honda
Please direct me to the right page if this discussion already exist. Could I possibly get the numbers for a 2016 Honda Accord EX MT on a 36 month 12000 mile lease? Thank you!
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Comments

  • MichaellMichaell ColoradoModerator Posts: 182,302
    moonwoo said:

    Please direct me to the right page if this discussion already exist. Could I possibly get the numbers for a 2016 Honda Accord EX MT on a 36 month 12000 mile lease? Thank you!

    There wasn't yet a discussion for the 2016 Accord Lease questions, so thank you for starting it.

    We should get the updated numbers from Honda in the next day or two.

    Edmunds Lease Calculator
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • ROMILROMIL 89131Member Posts: 107
    edited September 2015
    Please post MF/Residual for 2016 Accord Sedan EX-L V-6 with Nav in NV for 36/15K.
    2018 Honda Accord Touring 1.5T
    2017 Chrysler Pacifica Limited
  • kyfdxkyfdx Moderator Posts: 187,316
    moonwoo said:

    Please direct me to the right page if this discussion already exist. Could I possibly get the numbers for a 2016 Honda Accord EX MT on a 36 month 12000 mile lease? Thank you!

    59% residual. We don't have the money factors, yet.

    Edmunds Lease Calculator
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    Edmunds Moderator

  • kyfdxkyfdx Moderator Posts: 187,316
    ROMIL said:

    Please post MF/Residual for 2016 Accord Sedan EX-L V-6 with Nav in NV for 36/15K.

    53% residual. No money factors, yet.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Jeff AngtuacoJeff Angtuaco Member Posts: 12
    kyfdx said:

    ROMIL said:

    Please post MF/Residual for 2016 Accord Sedan EX-L V-6 with Nav in NV for 36/15K.

    53% residual. No money factors, yet.
    What is residual for 12k? 10k? Thanks.
  • MichaellMichaell ColoradoModerator Posts: 182,302

    kyfdx said:

    ROMIL said:

    Please post MF/Residual for 2016 Accord Sedan EX-L V-6 with Nav in NV for 36/15K.

    53% residual. No money factors, yet.
    What is residual for 12k? 10k? Thanks.
    Add 2% for 12K. Honda doesn't offer 10K leases.

    Edmunds Lease Calculator
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • quickreccequickrecce Member Posts: 2
    Hi,

    We got a quote for leasing a 2016 Honda Accord EX-L with Navigation and Sensing:

    MSRP: 33,465
    Quote offered: 32600
    Residual: 18406
    Lease term: 36 months
    Miles: 12K
    Zero down
    Lease per month: 598

    Is this a fair deal?

    Please let me know soon.

    Thanks!

  • ROMILROMIL 89131Member Posts: 107

    Hi,

    We got a quote for leasing a 2016 Honda Accord EX-L with Navigation and Sensing:

    MSRP: 33,465
    Quote offered: 32600
    Residual: 18406
    Lease term: 36 months
    Miles: 12K
    Zero down
    Lease per month: 598

    Is this a fair deal?

    Please let me know soon.

    Thanks!

    Seems a bit high to me. I can lease a $50K Hyundai Genesis for $50 a month less than that with 15K miles per year. The new Accord doesn't seem to lease well yet since it is brand new.
    2018 Honda Accord Touring 1.5T
    2017 Chrysler Pacifica Limited
  • kyfdxkyfdx Moderator Posts: 187,316

    Hi,

    We got a quote for leasing a 2016 Honda Accord EX-L with Navigation and Sensing:

    MSRP: 33,465
    Quote offered: 32600
    Residual: 18406
    Lease term: 36 months
    Miles: 12K
    Zero down
    Lease per month: 598

    Is this a fair deal?

    Please let me know soon.

    Thanks!

    $600/mo. for a $34K Honda? :o

    What state are you in?

    Edmunds Lease Calculator
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  • njpathfindernjpathfinder Member Posts: 38
    I am looking for the MF and residual for a 2016 Honda Accord Touring and Honda Accord Sport for 36 month, 12k miles in NJ. Thanks in advance.
  • kyfdxkyfdx Moderator Posts: 187,316

    I am looking for the MF and residual for a 2016 Honda Accord Touring and Honda Accord Sport for 36 month, 12k miles in NJ. Thanks in advance.

    .00165 MF and 59% (Sport) 53% (Touring) residual.

    Edmunds Lease Calculator
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    Edmunds Moderator

  • gvbgvb Member Posts: 45
    Looking at Honda's website, it appears they only offer a manual transmission with a 4-cylindar engine??? I don't understand, unless I misread the site. Looks like my only alternative now is an S4. I hear maintenance is higher, but I'd rather enjoy what I drive.... very disappointed with Honda & Acura. Had a 6-speed TL but was hit in traffic and was a total loss. I guess that was the last 6-cyl, 6-speed car they made. All that's left is a 4-cyl..Why????
  • MichaellMichaell ColoradoModerator Posts: 182,302
    gvb said:

    Looking at Honda's website, it appears they only offer a manual transmission with a 4-cylindar engine??? I don't understand, unless I misread the site. Looks like my only alternative now is an S4. I hear maintenance is higher, but I'd rather enjoy what I drive.... very disappointed with Honda & Acura. Had a 6-speed TL but was hit in traffic and was a total loss. I guess that was the last 6-cyl, 6-speed car they made. All that's left is a 4-cyl..Why????

    Yes, Honda stopped offering the manual transmission with the V6 a few years ago, much to the consternation of Honda owners everywhere.

    Edmunds Lease Calculator
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • zigster38zigster38 Member Posts: 117
    'Enthusiasts' don't move the sales needle, and modern autos beat manuals mpg - That said, an Accord Sport with a manny is still pretty feisty ...
  • kyfdxkyfdx Moderator Posts: 187,316
    zigster38 said:

    'Enthusiasts' don't move the sales needle, and modern autos beat manuals mpg - That said, an Accord Sport with a manny is still pretty feisty ...

    Unfortunate that they added the sporty stuff, but didn't leave some of the other amenities. I'd like a moonroof, at least. It's not going to be an autocross or track car, even with a stick.

    Edmunds Lease Calculator
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  • ROMILROMIL 89131Member Posts: 107
    Please post MF/Residual for 2016 Accord EX-L V-6 w/ Nav in NV for 36/15K.
    2018 Honda Accord Touring 1.5T
    2017 Chrysler Pacifica Limited
  • hondaretailerhondaretailer Twin CitiesMember Posts: 33
    Honda announced an updated M/F for the 2016's: 0.00051.
  • MichaellMichaell ColoradoModerator Posts: 182,302
    ROMIL said:

    Please post MF/Residual for 2016 Accord EX-L V-6 w/ Nav in NV for 36/15K.

    54% and .00051

    Edmunds Lease Calculator
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  • mrbill46mrbill46 ArizonaMember Posts: 23
    Looking for MF/Residual for 2016 Accord EX or EX-L in Arizona. Low mileage 12K or less. Term 24 or 36 months. Thanks.
  • kyfdxkyfdx Moderator Posts: 187,316
    mrbill46 said:

    Looking for MF/Residual for 2016 Accord EX or EX-L in Arizona. Low mileage 12K or less. Term 24 or 36 months. Thanks.

    .00051 MF

    24/12: 65%/64% for EX/EX-L

    36/12: 59%/58% for EX/EX-L

    Edmunds Lease Calculator
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  • zigster38zigster38 Member Posts: 117
    Weymouth Lease Calculator showing 288 a month plus tax with minimal down for 3 year ex-l 2016 lease. Must be at least 1k under invoice by now - Lots of them on the lots now and some of the larger dealerships have to sell 1 a day on these accords so don't get screwed when you buy - wait till end of month and hammer 'em! GL. 
  • echachi81echachi81 Member Posts: 9
    Im new to this but wanted to know if you think this is a good deal.

    Type: Lease
    Mileage: 12k/yr
    Term: 3 yr lease
    Location: New York
    Car: 2016 Honda Accord EX

    $239 per month
    2000 1st month, taxes and fees
    137 DMV fees (transferring plates)


    The original offer that was presented to me:

    269 per month
    3100 - taxes, fees, dmv, 1st month.
    I quickly dismissed this deal as the fee break down included 895 bank fee.

    What do you guys think?

    Good Bad
  • MichaellMichaell ColoradoModerator Posts: 182,302
    echachi81 said:

    Im new to this but wanted to know if you think this is a good deal.

    Type: Lease
    Mileage: 12k/yr
    Term: 3 yr lease
    Location: New York
    Car: 2016 Honda Accord EX

    $239 per month
    2000 1st month, taxes and fees
    137 DMV fees (transferring plates)


    The original offer that was presented to me:

    269 per month
    3100 - taxes, fees, dmv, 1st month.
    I quickly dismissed this deal as the fee break down included 895 bank fee.

    What do you guys think?

    Good Bad

    Not enough information - can you provide:

    MSRP
    Selling price
    Tax Rate
    Break down of the $2000 up front

    Edmunds Lease Calculator
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • echachi81echachi81 Member Posts: 9
    Just signed a deal yesterday. 

    2016 Honda Accord EX
    3 year lease/36k miles

    Msrp: 26,280.00
    Destination and handling : 820.00

    Selling Price : 24,487.93
    Turn in fee: 350

    tax rate: 8.375 (Yonkers, NY)

    Upfront cost: 1,895.03
    - 255 1st month
    - 177.5 (transfer plates)
    - 595 bank fee
    - 833.88 taxes and tire waste fee
    - 75 doc fee
    - 70 registration fee
    - 60.76 capital cost reduction 
    - 5.39 tax on capital cost reduction

    Purchase option after end of lease:
    - 15,989.00 plus tax and fees

    Hope this info helps. 

  • MichaellMichaell ColoradoModerator Posts: 182,302
    echachi81 said:

    Just signed a deal yesterday. 

    2016 Honda Accord EX
    3 year lease/36k miles

    Msrp: 26,280.00
    Destination and handling : 820.00

    Selling Price : 24,487.93
    Turn in fee: 350

    tax rate: 8.375 (Yonkers, NY)

    Upfront cost: 1,895.03
    - 255 1st month
    - 177.5 (transfer plates)
    - 595 bank fee
    - 833.88 taxes and tire waste fee
    - 75 doc fee
    - 70 registration fee
    - 60.76 capital cost reduction 
    - 5.39 tax on capital cost reduction

    Purchase option after end of lease:
    - 15,989.00 plus tax and fees

    Hope this info helps. 

    Congrats - and thanks for checking in. Enjoy your new Accord!

    Edmunds Lease Calculator
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • malikjr87cb7malikjr87cb7 Avondale , AZMember Posts: 2
    echachi81 said:

    Just signed a deal yesterday. 

    2016 Honda Accord EX
    3 year lease/36k miles

    Msrp: 26,280.00
    Destination and handling : 820.00

    Selling Price : 24,487.93
    Turn in fee: 350

    tax rate: 8.375 (Yonkers, NY)

    Upfront cost: 1,895.03
    - 255 1st month
    - 177.5 (transfer plates)
    - 595 bank fee
    - 833.88 taxes and tire waste fee
    - 75 doc fee
    - 70 registration fee
    - 60.76 capital cost reduction 
    - 5.39 tax on capital cost reduction

    Purchase option after end of lease:
    - 15,989.00 plus tax and fees

    Hope this info helps. 

    Hi i am new to this forum , and have also been researching these hidden meaning of residuals and bank fee dramas in the lease .

    Can i ask you a question does the EX trim come with a full option middle android play and navi ?
    and Does it also have the LED headlights?

    The deal is great for you car being in Newyork .
    And what was the Bank Fee ? and can 820 detination be saved if the Car was already available on the Lot in stock ?
  • kyfdxkyfdx Moderator Posts: 187,316

    echachi81 said:

    Just signed a deal yesterday. 

    2016 Honda Accord EX
    3 year lease/36k miles

    Msrp: 26,280.00
    Destination and handling : 820.00

    Selling Price : 24,487.93
    Turn in fee: 350

    tax rate: 8.375 (Yonkers, NY)

    Upfront cost: 1,895.03
    - 255 1st month
    - 177.5 (transfer plates)
    - 595 bank fee
    - 833.88 taxes and tire waste fee
    - 75 doc fee
    - 70 registration fee
    - 60.76 capital cost reduction 
    - 5.39 tax on capital cost reduction

    Purchase option after end of lease:
    - 15,989.00 plus tax and fees

    Hope this info helps. 

    Hi i am new to this forum , and have also been researching these hidden meaning of residuals and bank fee dramas in the lease .

    Can i ask you a question does the EX trim come with a full option middle android play and navi ?
    and Does it also have the LED headlights?

    The deal is great for you car being in Newyork .
    And what was the Bank Fee ? and can 820 detination be saved if the Car was already available on the Lot in stock ?
    Destination and Handling is on the sticker... it's just part of the MSRP.

    All leases come with an acquisition fee (aka bank fee). That money goes to the leasing bank.

    Edmunds Lease Calculator
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  • echachi81echachi81 Member Posts: 9
    Just signed a deal yesterday. 

    2016 Honda Accord EX
    3 year lease/36k miles

    Msrp: 26,280.00
    Destination and handling : 820.00

    Selling Price : 24,487.93
    Turn in fee: 350

    tax rate: 8.375 (Yonkers, NY)

    Upfront cost: 1,895.03
    - 255 1st month
    - 177.5 (transfer plates)
    - 595 bank fee
    - 833.88 taxes and tire waste fee
    - 75 doc fee
    - 70 registration fee
    - 60.76 capital cost reduction 
    - 5.39 tax on capital cost reduction

    Purchase option after end of lease:
    - 15,989.00 plus tax and fees

    Hope this info helps. 

    Hi i am new to this forum , and have also been researching these hidden meaning of residuals and bank fee dramas in the lease . Can i ask you a question does the EX trim come with a full option middle android play and navi ? and Does it also have the LED headlights? The deal is great for you car being in Newyork . And what was the Bank Fee ? and can 820 detination be saved if the Car was already available on the Lot in stock ?
    Any model with EX and above come with Apple's car play and android. I really like apple car play but I am unable to try android play.  Apple map or google map is displayed on the second screen when your phone is connected into the USB port. 

    Bank fee was 595

    The MSRP was based on the cars value, in this case 26,280.00, plus the destination fee which was 820 for a total MSRP of 27,100.


  • car&watchcar&watch Member Posts: 22
    Feedback is appreciated! I need to know if this is a good deal. Sorry, I don't have the selling price or any other info, I simply shop dealer to dealer based on payment to keep the math simple for me. I figure the lower the selling price, the lower the payment.

    This is the best offer I've gotten so far on a 2016 Accord Sport Automatic (MSRP 25,7XX)

    24 month lease, 15k per year: 338
    36 month lease, 15k per year: 293

    Both of these leases are 100% sign and drive with EVERYTHING rolled into the lease, including first month's payment.

    Feedback?? By the way, in PA so lease tax is 9% here (included in the payments above)
  • MichaellMichaell ColoradoModerator Posts: 182,302

    Feedback is appreciated! I need to know if this is a good deal. Sorry, I don't have the selling price or any other info, I simply shop dealer to dealer based on payment to keep the math simple for me. I figure the lower the selling price, the lower the payment.

    This is the best offer I've gotten so far on a 2016 Accord Sport Automatic (MSRP 25,7XX)

    24 month lease, 15k per year: 338
    36 month lease, 15k per year: 293

    Both of these leases are 100% sign and drive with EVERYTHING rolled into the lease, including first month's payment.

    Feedback?? By the way, in PA so lease tax is 9% here (included in the payments above)

    It's really hard to comment without knowing the prices .. one may have a lower selling price but tack on more in fees, so it's not always easy to follow the numbers.

    Edmunds Lease Calculator
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • car&watchcar&watch Member Posts: 22
    Sorry, the 36 month number was 283, not 293.
  • jawf3jawf3 Member Posts: 8
    This is a general lease question. I hope it's OK to post here. I'm considering leasing for the first time. I'm wondering if Honda offers better lease deals at certain times during the year? For example, do the rates typically drop at the end of the year, or Presidents' Day? I'll probably consider an Accord or Civic, if that matters. Thanks!
  • zigster38zigster38 Member Posts: 117
    If you shop based on payment and refuse to look at all the numbers you deserve to get killed on a deal, the dealerships will love you. That said, I'm guessing the offers are high by 20-30 dollars a month.
  • alejo0401alejo0401 Member Posts: 7
    Carman,
    Can you please share the numbers for a 2016 Honda Accord Sedan LX, Sport and EX basis 12k and 15k miles for 36 months? Is there any incentives in South Florida for either of these models during November. I leave in Boca Raton.
  • kyfdxkyfdx Moderator Posts: 187,316
    alejo0401 said:

    Carman,
    Can you please share the numbers for a 2016 Honda Accord Sedan LX, Sport and EX basis 12k and 15k miles for 36 months? Is there any incentives in South Florida for either of these models during November. I leave in Boca Raton.

    Residuals are 58%/56% for 12K/15K for either 36 or 39 months, this month.

    .00051 MF

    We don't have incentive information for this month, yet.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • ROMILROMIL 89131Member Posts: 107
    Please post MF/Residual for 2016 Accord Sedan EX-L V-6 with Nav in NV for 36/15K.
    2018 Honda Accord Touring 1.5T
    2017 Chrysler Pacifica Limited
  • kyfdxkyfdx Moderator Posts: 187,316
    ROMIL said:

    Please post MF/Residual for 2016 Accord Sedan EX-L V-6 with Nav in NV for 36/15K.

    .00051 MF and 52% residual for either 36/15 or 39/15. $500 lease cash

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • arteddyarteddy Member Posts: 2
    Do you have the residuals, money factor and any incentives for Accord Touring 24/12 and 36/12 in the southeast? Thanks. 
  • kyfdxkyfdx Moderator Posts: 187,316
    arteddy said:

    Do you have the residuals, money factor and any incentives for Accord Touring 24/12 and 36/12 in the southeast? Thanks. 

    .00051 MF and $500 lease cash.

    58% residual for 24/12, 52% for 36/12, 52% for 39/12

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • guille82guille82 Member Posts: 36
    edited November 2015
    Hi everyone, 

    Just signed a deal last week in Miami for a 2016 Honda Accord Sport for 12,000 miles and 39 months.  
    MSRP $25,785
    Selling Price $22,451.21
    License, Title, Registration $139.95
    Acquisiton fee $595
    Dealer fee $799 
    Gross Capitilized Cost $23,985.16
    Residual Value $14,955.30
    Dealer options installed: wheel locks, door guards, accent stripes, and a few other things.
    I only paid the first payment of 268.99 upfront to drive off.  Everything else was rolled into the lease. My monthly payment is $268.99 which includes 7% tax.
    Do you guys think I did okay?

  • alejo0401alejo0401 Member Posts: 7
    kyfdx said:

    alejo0401 said:

    Carman,
    Can you please share the numbers for a 2016 Honda Accord Sedan LX, Sport and EX basis 12k and 15k miles for 36 months? Is there any incentives in South Florida for either of these models during November. I leave in Boca Raton.

    Residuals are 58%/56% for 12K/15K for either 36 or 39 months, this month.

    .00051 MF

    We don't have incentive information for this month, yet.
    Thanks.
    Residuals and MF are the same for all three models? Any incentives for November?
  • kyfdxkyfdx Moderator Posts: 187,316
    alejo0401 said:

    kyfdx said:

    alejo0401 said:

    Carman,
    Can you please share the numbers for a 2016 Honda Accord Sedan LX, Sport and EX basis 12k and 15k miles for 36 months? Is there any incentives in South Florida for either of these models during November. I leave in Boca Raton.

    Residuals are 58%/56% for 12K/15K for either 36 or 39 months, this month.

    .00051 MF

    We don't have incentive information for this month, yet.
    Thanks.
    Residuals and MF are the same for all three models? Any incentives for November?
    Yes.. and $500 lease cash

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • thezipsterthezipster Member Posts: 2
    Just signed a lease on a 2016 Accord Sport Sensing. MSRP- 26875 Price 25000 (at three dealerships) $3K down covered all costs and out the door with 39 mo. 12K at $232 mo. Color is Obsidian Blue Pearl. the way to figure the interest rate is to multiply the factor number by the no of months (adding two zeros). Residual is $15276. 3900 X .00051 = 1.989. They did beat me up a bit on trade - beloved but somewhat battered 09 CRV EXL with Nav but it needed about 1500 in body work, paint and 300 to repair the worn and torn driver's seat leather and gave me 13K on trade. I could have sold it on for about 15K after repairs but didn't really want the hassle. (I,m old and tired)
  • guille82guille82 Member Posts: 36
    Nice! Enjoy your car. What are your initial impressions?

    Just signed a lease on a 2016 Accord Sport Sensing. MSRP- 26875 Price 25000 (at three dealerships) $3K down covered all costs and out the door with 39 mo. 12K at $232 mo. Color is Obsidian Blue Pearl. the way to figure the interest rate is to multiply the factor number by the no of months (adding two zeros). Residual is $15276. 3900 X .00051 = 1.989. They did beat me up a bit on trade - beloved but somewhat battered 09 CRV EXL with Nav but it needed about 1500 in body work, paint and 300 to repair the worn and torn driver's seat leather and gave me 13K on trade. I could have sold it on for about 15K after repairs but didn't really want the hassle. (I,m old and tired)

  • MichaellMichaell ColoradoModerator Posts: 182,302

    Just signed a lease on a 2016 Accord Sport Sensing. MSRP- 26875 Price 25000 (at three dealerships) $3K down covered all costs and out the door with 39 mo. 12K at $232 mo. Color is Obsidian Blue Pearl. the way to figure the interest rate is to multiply the factor number by the no of months (adding two zeros). Residual is $15276. 3900 X .00051 = 1.989. They did beat me up a bit on trade - beloved but somewhat battered 09 CRV EXL with Nav but it needed about 1500 in body work, paint and 300 to repair the worn and torn driver's seat leather and gave me 13K on trade. I could have sold it on for about 15K after repairs but didn't really want the hassle. (I,m old and tired)

    Looks like a solid deal. However, to convert the MF to an APR you multiply by 2400, regardless of lease term.

    Edmunds Lease Calculator
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • tjohnstone3tjohnstone3 Member Posts: 28
    Hi, looking for the MF & residual on a 2016 Touring, 15k/year lease in Des Moines. Guessing they're the same .00051 and roughly 52% but just wanted to confirm. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 182,302

    Hi, looking for the MF & residual on a 2016 Touring, 15k/year lease in Des Moines. Guessing they're the same .00051 and roughly 52% but just wanted to confirm. Thanks!

    50% residual for 36/15 on the Touring. .00051 MF is still in effect

    Edmunds Lease Calculator
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  • QuakerQuaker Member Posts: 73
    I wanted to confirm that the following information provided above for a 2016 Honda Accord Touring is also valid in the Las Vegas, NV metro area: .00051 MF, $500 lease cash, and 52% residual for 36/12. Please let me know. Thanks!
  • force951force951 Member Posts: 2
    edited November 2015
    I'm looking for the lease numbers on a 2016 Accord EX. Zip is 92882, and the MSRP is listed as 27,115 and i had a purchase price of 23,122. Looking for 12k a year miles. Thanks for any info you can give me.
  • kyfdxkyfdx Moderator Posts: 187,316
    Quaker said:

    I wanted to confirm that the following information provided above for a 2016 Honda Accord Touring is also valid in the Las Vegas, NV metro area: .00051 MF, $500 lease cash, and 52% residual for 36/12. Please let me know. Thanks!

    Honda numbers are nationwide

    Edmunds Lease Calculator
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