2016 Honda Accord Lease Questions

alex_91

Michaell said:

alex_91 said:

Hey guys, just got back from a local dealer and wanted to get your guys' opinions on what they offered me:

This is for a 2016 Accord Touring:

Sale price: 35,515
Adjusted price: 32,991

with a trade in for my 2012 Toyota Camry SE (they are giving me ~$13k) and $1,000 cash down, they offered me $343/month for 36/15k. What do you guys think?

MF is .00051 and residual is 51% (thanks to Michaell for the info)

I get $439/mo plus tax with those numbers. What is the adjusted cap cost when the trade and cash down are factored in?

Hey Michaell,

After the trade in is factored and taxes and fees, the final figure I have is $30,999.14

Michaell

alex_91 said:

Michaell said:

alex_91 said:

Hey guys, just got back from a local dealer and wanted to get your guys' opinions on what they offered me:

This is for a 2016 Accord Touring:

Sale price: 35,515
Adjusted price: 32,991

with a trade in for my 2012 Toyota Camry SE (they are giving me ~$13k) and $1,000 cash down, they offered me $343/month for 36/15k. What do you guys think?

MF is .00051 and residual is 51% (thanks to Michaell for the info)

I get $439/mo plus tax with those numbers. What is the adjusted cap cost when the trade and cash down are factored in?

Hey Michaell,

After the trade in is factored and taxes and fees, the final figure I have is $30,999.14

That drops the payment to $383/mo. Still a bit of a gap to the payment quote you got.

redwing05

@Michaell @tonyg2016 I'd like to send a big thank you to Michaell and Tony2016 for all of their help and input throughout my recent car leasing experience. You both helped me tremendously and equipped me with invaluable information that allowed me to secure a great deal. I went from 340/month with 500 out of pocket, to 303.60/month and 752 out of pocket, to 303/month with absolutely 0 out of pocket. (First payment only)

Final deal
2016 - Honda Accord Sport w/ Sensing
0 out of pocket
303/month
12,000M - 36 Months

accordexlnav

Michaell said:

accordexlnav said:

Michaell said:

accordexlnav said:

Do You think this is a good deal… So Cal 2016 Accord Sedan Touring 36 month lease 12K/year zero at signing.. $435.00/month tax (9%) included.

Hard to say. What is the MSRP and the adjusted cap cost?

MSRP is $35415 I'd like to think the adjusted cap cost ends up being $32005 have not yet seen the actual final breakdown, but wanted to get some ideas before going in for the signing.

If this is a true "sign and drive" promotion, and all fees are rolled into the cap cost, with absolutely $0 out of pocket at signing, the MF is .00041 and the 36/12 residual is 51%.

Using your prices, I get about $445/mo including 9% tax. Your quote is right in the ballpark.

You're my Hero Michaell… just drove back with my new 2016 Accord 4 door Touring V6 absolute zero at signing for a 36/12 lease 35 payments of 399.29/month+tax=435.23/m so cal Adjusted Cap cost $31575.00 MSRP $35515.00 including destination and handling.

Michaell

redwing05 said:

@Michaell @tonyg2016 I'd like to send a big thank you to Michaell and Tony2016 for all of their help and input throughout my recent car leasing experience. You both helped me tremendously and equipped me with invaluable information that allowed me to secure a great deal. I went from 340/month with 500 out of pocket, to 303.60/month and 752 out of pocket, to 303/month with absolutely 0 out of pocket. (First payment only)

Final deal
2016 - Honda Accord Sport w/ Sensing
0 out of pocket
303/month
12,000M - 36 Months

Congrats and enjoy the new Accord!

Michaell

accordexlnav said:

Michaell said:

accordexlnav said:

Michaell said:

accordexlnav said:

Do You think this is a good deal… So Cal 2016 Accord Sedan Touring 36 month lease 12K/year zero at signing.. $435.00/month tax (9%) included.

Hard to say. What is the MSRP and the adjusted cap cost?

MSRP is $35415 I'd like to think the adjusted cap cost ends up being $32005 have not yet seen the actual final breakdown, but wanted to get some ideas before going in for the signing.

If this is a true "sign and drive" promotion, and all fees are rolled into the cap cost, with absolutely $0 out of pocket at signing, the MF is .00041 and the 36/12 residual is 51%.

Using your prices, I get about $445/mo including 9% tax. Your quote is right in the ballpark.

You're my Hero Michaell… just drove back with my new 2016 Accord 4 door Touring V6 absolute zero at signing for a 36/12 lease 35 payments of 399.29/month+tax=435.23/m so cal Adjusted Cap cost $31575.00 MSRP $35515.00 including destination and handling.

You're welcome. Glad we could assist.

Enjoy your new Accord, and we will see you in three years when your lease is up!

walker123

Looking for MF and residual on all 2016 Accord models with Honda sensing (i.e. Lx, ex, exl, touring). 36 month lease, 12k miles/year, in Washington state. 

132nick

What are the numbers & incentives for April on 2016 Honda Accord LX & Sport 36/12, 39/12, & 36/10 in South Florida. If they have a 24 month program, can you provide numbers on that too, same trims. Thanks.

kyfdx

walker123 said:

Looking for MF and residual on all 2016 Accord models with Honda sensing (i.e. Lx, ex, exl, touring). 36 month lease, 12k miles/year, in Washington state. 

56%/56%/54%/51% residual.

.00051 MF and $1000 lease cash

kyfdx

132nick said:

What are the numbers & incentives for April on 2016 Honda Accord LX & Sport 36/12, 39/12, & 36/10 in South Florida. If they have a 24 month program, can you provide numbers on that too, same trims. Thanks.

The best term is 36/12. (no 10K/yr for Honda)

.00051 MF and 57% residual. $1000 lease cash.

Current program runs through April 4th

132nick

I saw earlier posts mention an additional $250 bonus lease cash on the LX, did that expire end of March?  Do you anticipate numbers will improve or worsen after current program ends on April 4?

kyfdx

132nick said:

I saw earlier posts mention an additional $250 bonus lease cash on the LX, did that expire end of March?  Do you anticipate numbers will improve or worsen after current program ends on April 4?

No... the bonus lease cash is still there.

Residuals are scheduled to be the same through April.

I would guess that money factors and lease cash will stay the same or improve. (key word: guess).

cadman88

Can you please post MF and RV for 36/12k and 15k for an EX model in Ohio? Thanks!

kyfdx

cadman88 said:

Can you please post MF and RV for 36/12k and 15k for an EX model in Ohio? Thanks!

.00051 MF and 57%/55% residual. $1000 lease cash + $250 bonus lease cash.

dhrudolph

Can you please let me know the MF and RV for a 36/10k EX-L V6 with Navi and Sensing?

Currently leasing a EX-L V6 and the lease is almost up. (Location: NY/CT if it matters)

When I figure in the lease cash back & bonus cash (if any), I should reduce the net cap cost by those amounts and treat it like a trade-in allowance right?

Thank you

Michaell

dhrudolph said:

Can you please let me know the MF and RV for a 36/10k EX-L V6 with Navi and Sensing?

Currently leasing a EX-L V6 and the lease is almost up. (Location: NY/CT if it matters)

When I figure in the lease cash back & bonus cash (if any), I should reduce the net cap cost by those amounts and treat it like a trade-in allowance right?

Thank you

54% and .00051. $1000 lease cash and $500 bonus lease cash.

You can use the lease cash incentives to reduce the cap cost or to offset the up front costs (acquisition fee, dealer fee, etc.)

dhrudolph

Would anyone know what would be a good deal on a EX-L V6 with Navi and Sensing 36/12k lease?
- NY/NJ/CT
- Net Cap Cost?
- Monthly Lease payment with nothing down?
- Assume best credit rating

Thanks

Michaell

dhrudolph said:

Would anyone know what would be a good deal on a EX-L V6 with Navi and Sensing 36/12k lease?
- NY/NJ/CT
- Net Cap Cost?
- Monthly Lease payment with nothing down?
- Assume best credit rating

Thanks

We don't track selling prices - but there is a very active "Accord Prices Paid" forum that can probably help.

http://forums.edmunds.com/discussion/37154/honda/accord/2016-honda-accord-prices-paid-and-buying-experience#latest

redgagt5

Can you please let me know the MF and RV for a 36/15k EX-L V6 without sensing and nav in Missouri? Are the leasing incentives in Missouri $1000 and $500 bonus cash still?

Michaell

redgagt5 said:

Can you please let me know the MF and RV for a 36/15k EX-L V6 without sensing and nav in Missouri? Are the leasing incentives in Missouri $1000 and $500 bonus cash still?

55% and .00051

I confirm the $1000 / $500 incentives.

klnmcmg

MF and RV for Accord EX-L with Navi 4 cyl, in NC. 36/15, 24/15?

kyfdx

klnmcmg said:

MF and RV for Accord EX-L with Navi 4 cyl, in NC. 36/15, 24/15?

.00051 MF and 52%/59% residual. $1000 lease cash + $500 bonus lease cash

cb4d

Can I believe have MF and RV for a 2016 Accord Sport and EX in SC? 10k/year

Thanks in advance!

katek0808

MF and RV for Accord LX with sensing in NY. 12k/year. Any bonus lease cash???

Michaell

cb4d said:

Can I believe have MF and RV for a 2016 Accord Sport and EX in SC? 10k/year

Thanks in advance!

Honda does not offer 10K per year leases; following are the 36 month, 12,000 mile per year numbers:

.00051 and 57% for both trims.

$1000 lease cash and $250 bonus lease cash.

Michaell

katek0808 said:

MF and RV for Accord LX with sensing in NY. 12k/year. Any bonus lease cash???

.00051 and 57% for 36/12

$1000 lease cash and $250 bonus lease cash.

cb4d

Michaell said:

cb4d said:

Can I believe have MF and RV for a 2016 Accord Sport and EX in SC? 10k/year

Thanks in advance!

Honda does not offer 10K per year leases; following are the 36 month, 12,000 mile per year numbers:

.00051 and 57% for both trims.

$1000 lease cash and $250 bonus lease cash.

Thanks Michaell. Is lease cash just an incentive that is used for cap cost reduc?

kyfdx

cb4d said:

Michaell said:

cb4d said:

Can I believe have MF and RV for a 2016 Accord Sport and EX in SC? 10k/year

Thanks in advance!

Honda does not offer 10K per year leases; following are the 36 month, 12,000 mile per year numbers:

.00051 and 57% for both trims.

$1000 lease cash and $250 bonus lease cash.

Thanks Michaell. Is lease cash just an incentive that is used for cap cost reduc?

The base lease cash is a dealer incentive. Use that knowledge to negotiate a lower price.
Pretty sure that the "bonus lease cash" is a consumer incentive that will used to lower the CAP cost (but, they will probably include it, in any quote).

Sharpie

Hello everyone.
Could someone guide me re MF and RV on 2016 Accord EXL -V6 w Nav and Honda sensing for 36/12 k and 36/15k in OHIO?

Much appreciated in advance!

Sharpie

As an extension of my previous question, is money factor different for "sign then drive"?

Michaell

Sharpie said:

Hello everyone.
Could someone guide me re MF and RV on 2016 Accord EXL -V6 w Nav and Honda sensing for 36/12 k and 36/15k in OHIO?

Much appreciated in advance!

Sharpie said:

As an extension of my previous question, is money factor different for "sign then drive"?

36/15 - 51% and .00051.

Add 2% for 12K

MF is .00041 with "sign and drive"

$1000 lease cash and $500 bonus lease cash.

Sharpie

Thank you again!.I will post here for everyone once i find a good deal.

Sharpie

Quick question. Can i start the Basic Cap cost ( negotiated sale price the dealer is willing to sell car on Truecar.com) and then use $1000+500 you mentioned above to further drive down the Net Cap Cost?

Michaell

Sharpie said:

Quick question. Can i start the Basic Cap cost ( negotiated sale price the dealer is willing to sell car on Truecar.com) and then use $1000+500 you mentioned above to further drive down the Net Cap Cost?

Can't tell you what the TrueCar quote number includes or excludes in terms of incentives.

cb4d

Just received this quote.

MSRP: 25,900
Dealer options:1600 (3M Door Edge Guards, Splash Guards, Nitrogen, Cargo Tray, Window Tint with Warranty, Wheel locks)
Total: 27,500
Discount: 4822.46
Adjusted Purchase price .22,677.54
Taxable fees: 595
Closing fee: 384
Tax: 300
Non tax fees: 82
Balance: 24,038.54

Discount seems reasonable, but I think it's ridiculous to charge $1600 for those dealer options right? I tried to push for a larger discount to make up for the dealer options I don't want but they won't budge. They don't have an Accord sport without any dealer add-ons either. Am I being too stubborn? Nitrogen and cargo tray, that's what, $60 total? Window tint $300 max. I fail to see how that amounts to $1600.

Michaell

cb4d said:

Just received this quote.

MSRP: 25,900
Dealer options:1600 (3M Door Edge Guards, Splash Guards, Nitrogen, Cargo Tray, Window Tint with Warranty, Wheel locks)
Total: 27,500
Discount: 4822.46
Adjusted Purchase price .22,677.54
Taxable fees: 595
Closing fee: 384
Tax: 300
Non tax fees: 82
Balance: 24,038.54

Discount seems reasonable, but I think it's ridiculous to charge $1600 for those dealer options right? I tried to push for a larger discount to make up for the dealer options I don't want but they won't budge. They don't have an Accord sport without any dealer add-ons either. Am I being too stubborn? Nitrogen and cargo tray, that's what, $60 total? Window tint $300 max. I fail to see how that amounts to $1600.

In addition to being overpriced, the accessories aren't subject to residual, so you're paying for 100% of that cost over the 3 year lease term. ($1600 / 36 = $44/mo)

Find another dealer that doesn't force the add-ons to the customer.

kyfdx

@cb4d

That discount seems large, even after removing the $1600 in accessories.

Don't lose sight of the bottom line. Just pretend those accessories aren't there, and compare the prices from other dealers.

nycdomp

NYC area - Honda Accord Sport - $22065 sale price of car
12k/36m - NYS Taxes and all fees rolled in - $263.07 a month which includes Wheel Tire Insurance. Am only going to pay 1st Month and DMV. -- How is the deal?

benji123

Hi. What is MF and Residual % for Accord Sedan EX-L V6 and Touring in Southern California? 36 months, 10K or 12K miles. Any loyalty cash?

Michaell

benji123 said:

Hi. What is MF and Residual % for Accord Sedan EX-L V6 and Touring in Southern California? 36 months, 10K or 12K miles. Any loyalty cash?

No 10K leases from Honda ... 36/12 numbers:

.00051 MF and 55% (EX-L, no Nav), or 51% (Touring).

$1000 lease cash and $500 bonus lease cash, both trims.

ticliff101

Hi,
subject car: 2016 White Honda Accord Touring w/ 25 miles on it.

this was my initial offer (numbers below) than i negotiated a bit and was given a 2nd offer for a lease (verbal and told that it could only be valid for 24 hrs and not on paper because it was "secret").
That 2nd offer was $4,000 down for a 36/15,000 lease @ 395/month

The numbers below are the ones on the quote sheet which stated a $3,000 down payment @ 599 (seems high). and unfortunately i do not have the numbers for the lower, 395/month offer.

main question is looking at the initial offer and then the 395 verbal offer, should I go with the 395/month offer after making sure numbers line up on paper?

MSRP: 34,680
Discount: 2689
Dealer options:149.00 (phantom foot prints anti theft)
Freight/dest charge: 835
Total: 32975
no trade allowance
trade diff: 32975
process fee: 599
Tax: 1,376
tag:69
va business tax: 57.08
net price: 35,077.36

thanks,

kyfdx

ticliff101 said:

Hi,
subject car: 2016 White Honda Accord Touring w/ 25 miles on it.

this was my initial offer (numbers below) than i negotiated a bit and was given a 2nd offer for a lease (verbal and told that it could only be valid for 24 hrs and not on paper because it was "secret").
That 2nd offer was $4,000 down for a 36/15,000 lease @ 395/month

The numbers below are the ones on the quote sheet which stated a $3,000 down payment @ 599 (seems high). and unfortunately i do not have the numbers for the lower, 395/month offer.

main question is looking at the initial offer and then the 395 verbal offer, should I go with the 395/month offer after making sure numbers line up on paper?

MSRP: 34,680
Discount: 2689
Dealer options:149.00 (phantom foot prints anti theft)
Freight/dest charge: 835
Total: 32975
no trade allowance
trade diff: 32975
process fee: 599
Tax: 1,376
tag:69
va business tax: 57.08
net price: 35,077.36

thanks,

So, does the $34680 MSRP include destination?
If so, then the discount isn't really $2689, because they are adding $835 back in for destination.
I see a $599 process fee (which is just more money from you), but I don't see any allowance the $595 lease acquisition fee?

What is the term/mileage allowance for the lease?

"Secret" offers are not really offers..

ticliff101

Hey there,
thank you for responding.

The 34680.00 is the MSRP. After the dealer "discount", the price drops to $31,991 and that's without the destination fee ($835). I am not trading anything. simply putting 3000-4000$ down.

How fair is this deal for a 36 month/12,000*(changed from 15,000) mile LEASE?

thanks,

Michaell

ticliff101 said:

Hey there,
thank you for responding.

The 34680.00 is the MSRP. After the dealer "discount", the price drops to $31,991 and that's without the destination fee ($835). I am not trading anything. simply putting 3000-4000$ down.

How fair is this deal for a 36 month/12,000*(changed from 15,000) mile LEASE?

thanks,

The destination fee is part of the MSRP.

We don't recommend making a down payment on a lease - that money would be lost if the car is stolen or totaled.

Find out what the "adjusted capitalized cost" is - that will tell you (and us) if this is a good deal or not.

ticliff101

It's $35,077 OTD price.

thanks,

Michaell

ticliff101 said:

It's $35,077 OTD price.

thanks,

Leases don't use an "out the door" price - depending on what state you live in, the taxes for a lease are computed against the monthly payment or the sum of the payments.

The number you want from the dealer is the "adjusted" or "net" capitalized cost - selling price plus and fees and taxes, less any down payment.

mwfromva75_

2016 base EX and EX-L V6 36/12

residual, MF and incentives please. If "sign and drive" is present, please list.

VA!

Thanks in advance!

mwfromva75_

ticliff101 said:

Hi,
subject car: 2016 White Honda Accord Touring w/ 25 miles on it.

this was my initial offer (numbers below) than i negotiated a bit and was given a 2nd offer for a lease (verbal and told that it could only be valid for 24 hrs and not on paper because it was "secret").
That 2nd offer was $4,000 down for a 36/15,000 lease @ 395/month

The numbers below are the ones on the quote sheet which stated a $3,000 down payment @ 599 (seems high). and unfortunately i do not have the numbers for the lower, 395/month offer.

main question is looking at the initial offer and then the 395 verbal offer, should I go with the 395/month offer after making sure numbers line up on paper?

MSRP: 34,680
Discount: 2689
Dealer options:149.00 (phantom foot prints anti theft)
Freight/dest charge: 835
Total: 32975
no trade allowance
trade diff: 32975
process fee: 599
Tax: 1,376
tag:69
va business tax: 57.08
net price: 35,077.36

thanks,

This looks like a quote from West Broad Honda. The "Va business tax" is a crock of poo - should be included in their ridiculous processing fee.

Michaell

mwfromva75_ said:

2016 base EX and EX-L V6 36/12

residual, MF and incentives please. If "sign and drive" is present, please list.

VA!

Thanks in advance!

.00051 and 57% (EX) or 55% (EX-L V6).

.00041 for 'sign and drive'

$1000 lease cash. $250 bonus on EX, $500 on EX-L

eddyjung78

Hello everyone.
Could you guide me re MF and RV on 2016 Accord Sports for 24/10 k in Seattle, WA ?

Much appreciated in advance!