2016 Honda Accord Lease Questions

kyfdx

randalkc said:

Thanks for the response Michaell. Here is what I got from my local dealer:

Accord LX Accord Sport
24 36 24 36
MSRP 23,840 23,840 25,900 25,900
Net Capitalized Cost 19,900 19,900 21,900 21,900
Daily Money Factor 0.00038 0.00038 0.00038 0.00038
Residual Value 15,019 13,589 16,892 14,763
Monthly Taxes ~24 ~24 ~24 ~24
Monthly Payment 278 233 325 280

Says it includes: $595 acquisition fee, $299 doc fee, and $4 title fee. Says all fees are included in the monthly given above. Only first month due at signing.

What do you think @Michaell ?

Looks like a very good deal. I'd take the 36 month term on the non-sensing model. No way I'm paying $47/mo. for that option.

randalkc

kyfdx said:

randalkc said:

Thanks for the response Michaell. Here is what I got from my local dealer:

Accord LX Accord Sport
24 36 24 36
MSRP 23,840 23,840 25,900 25,900
Net Capitalized Cost 19,900 19,900 21,900 21,900
Daily Money Factor 0.00038 0.00038 0.00038 0.00038
Residual Value 15,019 13,589 16,892 14,763
Monthly Taxes ~24 ~24 ~24 ~24
Monthly Payment 278 233 325 280

Says it includes: $595 acquisition fee, $299 doc fee, and $4 title fee. Says all fees are included in the monthly given above. Only first month due at signing.

What do you think @Michaell ?

Looks like a very good deal. I'd take the 36 month term on the non-sensing model. No way I'm paying $47/mo. for that option.

Thanks for the response. They are both non-sensing models, one is the LX trim and the other Sport trim. Do the numbers on the Sport appear accurate? Also got the adjusted cap cost on both: LX $20798 and Sport $22500 in Kansas

kyfdx

randalkc said:

kyfdx said:

randalkc said:

Thanks for the response Michaell. Here is what I got from my local dealer:

Accord LX Accord Sport
24 36 24 36
MSRP 23,840 23,840 25,900 25,900
Net Capitalized Cost 19,900 19,900 21,900 21,900
Daily Money Factor 0.00038 0.00038 0.00038 0.00038
Residual Value 15,019 13,589 16,892 14,763
Monthly Taxes ~24 ~24 ~24 ~24
Monthly Payment 278 233 325 280

Says it includes: $595 acquisition fee, $299 doc fee, and $4 title fee. Says all fees are included in the monthly given above. Only first month due at signing.

What do you think @Michaell ?

Looks like a very good deal. I'd take the 36 month term on the non-sensing model. No way I'm paying $47/mo. for that option.

Thanks for the response. They are both non-sensing models, one is the LX trim and the other Sport trim. Do the numbers on the Sport appear accurate? Also got the adjusted cap cost on both: LX $20798 and Sport $22500 in Kansas

Just picking out the LX at 36 months, I get $213/mo.+tax... so, not far off that $233/mo, I don't think.

The Sport has the same residual percentage as the LX, so I'm not sure why the payment should be that much higher. I get $229/mo.+tax on the Sport at 36 months. So, only $16+tax more. Why are they at $47/mo. more? If you like the Sport, I'd ask them to run the numbers on that one, again.

randalkc

Thank you @kyfdx I was thinking that number on the Sport seemed quite high given the adj cap cost they provided. I have asked the finance manager to go over the numbers again. I will be sure to post back with more details

vbuzzsaw

Hi there. I'm looking for the relevant known current leasing numbers for a 2016 Honda Accord LX (non-sensing) in Long Island, NY for a 36 month lease w/10k mile allowance.

I also have a few additional questions ( I'm very new to leasing but catching up quickly reading this and other forums)

1. As far as a 10k vs 12k mileage allowance goes, I assume that would just affect the residual value ( ala less miles holds better value)?
2. What's the purpose of a 39 month lease (vs a 36?) My mind thinks its a way for dealers to make monthly payments seem low (even though your paying 3 extra months over a 36-month lease.
3. Another option to me is to wait 2 months before proceeding with leasing the car. Is there any reason to think the beginning of September would be a better time to lease the 2016? For example trying to time the arrival of the 2017 models and better deals available for the 2016 models?

Thanks in advance.

kyfdx

vbuzzsaw said:

Hi there. I'm looking for the relevant known current leasing numbers for a 2016 Honda Accord LX (non-sensing) in Long Island, NY for a 36 month lease w/10k mile allowance.

I also have a few additional questions ( I'm very new to leasing but catching up quickly reading this and other forums)

1. As far as a 10k vs 12k mileage allowance goes, I assume that would just affect the residual value ( ala less miles holds better value)?
2. What's the purpose of a 39 month lease (vs a 36?) My mind thinks its a way for dealers to make monthly payments seem low (even though your paying 3 extra months over a 36-month lease.
3. Another option to me is to wait 2 months before proceeding with leasing the car. Is there any reason to think the beginning of September would be a better time to lease the 2016? For example trying to time the arrival of the 2017 models and better deals available for the 2016 models?

Thanks in advance.

.00038 MF and 58% residual. $1250 lease cash.

1) We don't show a 10K/yr allowance with Honda, but we see plenty of NY area members getting it. 12K/yr residual is 1% lower, which adds about $8/mo. to your payment. If you think you might need the extra mileage, those are cheap miles.

2) To lower the payment.

3) Can't tell the future. Deals look pretty cheap now.

vbuzzsaw

Thank you for the fast reply. One followup question on the lease cash number. I see lease cash mentioned in the forum but haven't found the comment yet that explains it in detail. Is there a FAQ somewhere on the topic? How is this related in any way to to the leasing bonus cash number being quoted currently on the incentives page on Edmunds (which is currently $250)? Is the $1250 lease cash number more of a manufacturer->dealer incentive which gives some wiggle room to the dealer to lower the cap cost to sweeten the deal?

Cheers.

kyfdx said:

kyfdx said:

.00038 MF and 58% residual. $1250 lease cash.

1) We don't show a 10K/yr allowance with Honda, but we see plenty of NY area members getting it. 12K/yr residual is 1% lower, which adds about $8/mo. to your payment. If you think you might need the extra mileage, those are cheap miles.

2) To lower the payment.

3) Can't tell the future. Deals look pretty cheap now.

kyfdx said:

vbuzzsaw said:

Hi there. I'm looking for the relevant known current leasing numbers for a 2016 Honda Accord LX (non-sensing) in Long Island, NY for a 36 month lease w/10k mile allowance.

I also have a few additional questions ( I'm very new to leasing but catching up quickly reading this and other forums)

1. As far as a 10k vs 12k mileage allowance goes, I assume that would just affect the residual value ( ala less miles holds better value)?
2. What's the purpose of a 39 month lease (vs a 36?) My mind thinks its a way for dealers to make monthly payments seem low (even though your paying 3 extra months over a 36-month lease.
3. Another option to me is to wait 2 months before proceeding with leasing the car. Is there any reason to think the beginning of September would be a better time to lease the 2016? For example trying to time the arrival of the 2017 models and better deals available for the 2016 models?

Thanks in advance.

.00038 MF and 58% residual. $1250 lease cash.

1) We don't show a 10K/yr allowance with Honda, but we see plenty of NY area members getting it. 12K/yr residual is 1% lower, which adds about $8/mo. to your payment. If you think you might need the extra mileage, those are cheap miles.

2) To lower the payment.

3) Can't tell the future. Deals look pretty cheap now.

Michaell

vbuzzsaw said:

Thank you for the fast reply. One followup question on the lease cash number. I see lease cash mentioned in the forum but haven't found the comment yet that explains it in detail. Is there a FAQ somewhere on the topic? How is this related in any way to to the leasing bonus cash number being quoted currently on the incentives page on Edmunds (which is currently $250)? Is the $1250 lease cash number more of a manufacturer->dealer incentive which gives some wiggle room to the dealer to lower the cap cost to sweeten the deal?

Cheers.

kyfdx said:

kyfdx said:

.00038 MF and 58% residual. $1250 lease cash.

1) We don't show a 10K/yr allowance with Honda, but we see plenty of NY area members getting it. 12K/yr residual is 1% lower, which adds about $8/mo. to your payment. If you think you might need the extra mileage, those are cheap miles.

2) To lower the payment.

3) Can't tell the future. Deals look pretty cheap now.

kyfdx said:

vbuzzsaw said:

Hi there. I'm looking for the relevant known current leasing numbers for a 2016 Honda Accord LX (non-sensing) in Long Island, NY for a 36 month lease w/10k mile allowance.

I also have a few additional questions ( I'm very new to leasing but catching up quickly reading this and other forums)

1. As far as a 10k vs 12k mileage allowance goes, I assume that would just affect the residual value ( ala less miles holds better value)?
2. What's the purpose of a 39 month lease (vs a 36?) My mind thinks its a way for dealers to make monthly payments seem low (even though your paying 3 extra months over a 36-month lease.
3. Another option to me is to wait 2 months before proceeding with leasing the car. Is there any reason to think the beginning of September would be a better time to lease the 2016? For example trying to time the arrival of the 2017 models and better deals available for the 2016 models?

Thanks in advance.

.00038 MF and 58% residual. $1250 lease cash.

1) We don't show a 10K/yr allowance with Honda, but we see plenty of NY area members getting it. 12K/yr residual is 1% lower, which adds about $8/mo. to your payment. If you think you might need the extra mileage, those are cheap miles.

2) To lower the payment.

3) Can't tell the future. Deals look pretty cheap now.

Yes, the lease cash is a manufacturer to dealer incentive, which the dealer can choose to pass along to the customer. The $250 that Edmunds shows is part of that $1250 total.

jfn1000

Would you have the Residual and MF for 2016 Accord EX with HondaSEnse ($28,215 msrp), and EXL with HondaSense/Nav for 36 months, 15,000 miles per year? Thanks.

Michaell

jfn1000 said:

Would you have the Residual and MF for 2016 Accord EX with HondaSEnse ($28,215 msrp), and EXL with HondaSense/Nav for 36 months, 15,000 miles per year? Thanks.

.00038 MF for both

EX with Sensing - $1250 lease cash and 54%
EX-L with Sensing - $1750 lease cash and 52%

faraza

What is the money factor and residual for an accord coupe LX-S for a 36 month 12k and 15 k lease?

thanks

Michaell

faraza said:

What is the money factor and residual for an accord coupe LX-S for a 36 month 12k and 15 k lease?

thanks

36/15 numbers are .00038 and 53%. Add 2% for 12K

$1750 total lease cash.

99gx

I have the accord sport and I can say I got one of the best deals on it...I know because I have only seen 1 or 2 people on here come as close as I did...


I got a 39/10k lease
 

$235 a month is what it came out to without any out of pocket


I have a friend who thought he got a good deal on an Accord LX paying $300

If you have great credit you should be paying no more than $245 a month for the sport 
39 month 10k with nothing out of pocket..I know it's down to 36 months lease but the lease cash is now $1250...

faraza

Michael thanks for the info.
Just got an accord coupe LX-S . 
496 due at signing and 239.61/month inclusive of tax for a 36 month 12K/year lease.

Michaell

faraza said:

Michael thanks for the info.
Just got an accord coupe LX-S . 
496 due at signing and 239.61/month inclusive of tax for a 36 month 12K/year lease.

Congrats! Looks like a sweet deal. Enjoy the new Accord.

ktsanf0317

Hi, can I get the money factor and residual for an Accord sedan (EX and EX-L 4cyl) for a 36 month 15k lease?

Michaell

ktsanf0317 said:

Hi, can I get the money factor and residual for an Accord sedan (EX and EX-L 4cyl) for a 36 month 15k lease?

.00038 and 55% for the EX and 54% for the EX–L. $1250 lease cash on the EX, $1750 lease cash on the EX-L

gmanusmc

Michael and/or kyfdx:

Money factor and residual for Accord EXL V6 Sdn no nav 36/12k & 15k? SoCal 92692.

Thanks in advance!

Bill G

kyfdx

gmanusmc said:

Michael and/or kyfdx:

Money factor and residual for Accord EXL V6 Sdn no nav 36/12k & 15k? SoCal 92692.

Thanks in advance!

Bill G

.00038 MF and 55%/53% residual. $1750 lease cash

bao1

Would you please let me know the money factor and residual for a Accord EX Coupe 4 cyl for a 36/10k &12k lease. Thanks

Michaell

bao1 said:

Would you please let me know the money factor and residual for a Accord EX Coupe 4 cyl for a 36/10k &12k lease. Thanks

.00038 and 55% for 36/12. Honda does not offer 10K leases.

$1750 total lease cash.

parallelspro

Whats the MF and Residual for:
2017 Accord Sport Special Edition CVT that should be hitting the dealers this week?
Thanks.

Michaell

parallelspro said:

Whats the MF and Residual for:
2017 Accord Sport Special Edition CVT that should be hitting the dealers this week?
Thanks.

We don't yet have any 2017 Honda lease numbers.

Perhaps in July...

bao1

Michaell said:

bao1 said:

Would you please let me know the money factor and residual for a Accord EX Coupe 4 cyl for a 36/10k &12k lease. Thanks

.00038 and 55% for 36/12. Honda does not offer 10K leases.

$1750 total lease cash.

Thanks for this info. Would you send me the same info for a 24/12K lease on the same car.

Michaell

bao1 said:

Michaell said:

bao1 said:

Would you please let me know the money factor and residual for a Accord EX Coupe 4 cyl for a 36/10k &12k lease. Thanks

.00038 and 55% for 36/12. Honda does not offer 10K leases.

$1750 total lease cash.

Thanks for this info. Would you send me the same info for a 24/12K lease on the same car.

24/12 - 61%

ceerod3

Hello, does anyone know the RESIDUAL & MONEY FACTOR on the 2016 Accord Special Edition?

kyfdx

ceerod3 said:

Hello, does anyone know the RESIDUAL & MONEY FACTOR on the 2016 Accord Special Edition?

We don't show a "Special Edition" listed.

For 4-cylinder sedans, we have LX, Sport, EX and EX-L. With our Without Honda Sensing.

Also, would need term and mileage.

ceerod3

Sorry, I'm very new at this. I'm looking at Sport with sensing for 36 months with 12k or 15k and a Sport without sensing for 36 months and 12k or 15k. Thank you for all of your help :-)

kyfdx

ceerod3 said:

Sorry, I'm very new at this. I'm looking at Sport with sensing for 36 months with 12k or 15k and a Sport without sensing for 36 months and 12k or 15k. Thank you for all of your help :-)

Without: .00038 MF and 55% residual for 36/15
Subtract 1% for Sensing.
Add 2% for 12K/yr.

$1250 lease cash.

ceerod3

Thank you so much, I appreciate it greatly. By the way, the salesman did clarified about an Accord Sport Special Edition for 2017 and it will come with Leather unlike the Sport that only comes with cloth. Any chance there are lease numbers out there for 2017's?

Michaell

ceerod3 said:

Thank you so much, I appreciate it greatly. By the way, the salesman did clarified about an Accord Sport Special Edition for 2017 and it will come with Leather unlike the Sport that only comes with cloth. Any chance there are lease numbers out there for 2017's?

No 2017 lease numbers available yet for the Accord. Do you know when they are expected to be at the dealer?

jfn1000

I see on Weymouth Honda website a 57% residual for 36 month 12k on 2017 Sport SE. Based on other details they provide, I calculate MF at .0012, which is more than triple present MF for 2016 accords

Michaell

jfn1000 said:

I see on Weymouth Honda website a 57% residual for 36 month 12k on 2017 Sport SE. Based on other details they provide, I calculate MF at .0012, which is more than triple present MF for 2016 accords

They may be using a third party bank for their leases; we don't have those numbers, so cannot confirm what is published.

orion76

Hi, 2016 Acoord LX CVT, in NJ with 7% tax, quoted for 194/month for 36/10k, tax included, $625 total out of pocket, 1st month included. Is his a good deal?

Michaell

orion76 said:

Hi, 2016 Acoord LX CVT, in NJ with 7% tax, quoted for 194/month for 36/10k, tax included, $625 total out of pocket, 1st month included. Is his a good deal?

Need to know the MSRP and the cap cost. 58% and .00038.

orion76

Hi, MSRP 23840 (include destination); sale price 20093 (include dest); 1231 fees; 2016 accord LX CVT; 36/10k; 7% tax; 625 out of pocket, 194/month quoted. Is this a good deal? Seems good but not entirely sure. 

Michaell

orion76 said:

Hi, MSRP 23840 (include destination); sale price 20093 (include dest); 1231 fees; 2016 accord LX CVT; 36/10k; 7% tax; 625 out of pocket, 194/month quoted. Is this a good deal? Seems good but not entirely sure. 

.00038 and 58%.

I get $200/mo with your prices, including tax. Pretty close to the quote.

apav234

Hi, Please help me decide if this is a good deal:

Honda Accord EX-L non sensing

selling price: 27,060. 0.00038 MF
Residual:16,522,80

$1700 below invoice.

Option 1: 2793 includes tax, 595 Assignment fee, 1st month - 1000 lease cash=1793.97
Payment $233.24
36 months
12K

option 2:Sign and drive: 1469.73 - 1000 lease cash:469.73 lease 273.90.

Thank you.

Michaell

apav234 said:

Hi, Please help me decide if this is a good deal:

Honda Accord EX-L non sensing

selling price: 27,060. 0.00038 MF
Residual:16,522,80

$1700 below invoice.

Option 1: 2793 includes tax, 595 Assignment fee, 1st month - 1000 lease cash=1793.97
Payment $233.24
36 months
12K

option 2:Sign and drive: 1469.73 - 1000 lease cash:469.73 lease 273.90.

Thank you.

What state is this?

If NY or NJ, better to roll the tax into the payment.

apav234

NY.

Why is it better to roll the tax in?

So option 2?

Is it in case the car is stolen or totaled?

Do you like the deal?

Thanks
Apav

kyfdx

apav234 said:

NY.

Why is it better to roll the tax in?

So option 2?

Is it in case the car is stolen or totaled?

Do you like the deal?

Thanks
Apav

Yes.. that is exactly the reason.

jman216

Are July numbers out yet? If so can you tell me MF and residual on a Accord Touring sedan 36m 12k in Chicago area? Thanks

tonyg2016

apav234 said:

Option 1: 2793 includes tax, 595 Assignment fee, 1st month - 1000 lease cash=1793.97
Payment $233.24
36 months
12K

option 2:Sign and drive: 1469.73 - 1000 lease cash:469.73 lease 273.90.

i thought lease cash was 1750 on the ex-l model; has that changed?

hectro805

Hello, long time lurker, first time poster. This is a quote I got from a So Cal dealer. Is it legit?
Accord Sport with sensing
36 months, 12K miles per year
MSRP - $26900
Purchase Price - $22323
$0 Down
Acq fee - $595
Doc fee - $80
DMV, tire and inspection fees - $366.75
Monthly Base Payment - $250.69
Tax - 7.5%
Total Capital Cost - $23560.24
Cash due at signing - $642.24 (includes first payment)
Residual - $15064
Payment - $269.49

Sorry if the information is all out of order. Please let me know if you need more info.

Michaell

jman216 said:

Are July numbers out yet? If so can you tell me MF and residual on a Accord Touring sedan 36m 12k in Chicago area? Thanks

The June lease numbers for Honda are valid until 7/5/16.

.00038 and 51% for Touring 36/12. $1750 total lease cash.

Michaell

tonyg2016 said:

apav234 said:

Option 1: 2793 includes tax, 595 Assignment fee, 1st month - 1000 lease cash=1793.97
Payment $233.24
36 months
12K

option 2:Sign and drive: 1469.73 - 1000 lease cash:469.73 lease 273.90.

i thought lease cash was 1750 on the ex-l model; has that changed?

I show a total lease cash amount of $1750 on the EX-L ($1250 regular and $500 bonus)

Michaell

hectro805 said:

Hello, long time lurker, first time poster. This is a quote I got from a So Cal dealer. Is it legit?
Accord Sport with sensing
36 months, 12K miles per year
MSRP - $26900
Purchase Price - $22323
$0 Down
Acq fee - $595
Doc fee - $80
DMV, tire and inspection fees - $366.75
Monthly Base Payment - $250.69
Tax - 7.5%
Total Capital Cost - $23560.24
Cash due at signing - $642.24 (includes first payment)
Residual - $15064
Payment - $269.49

Sorry if the information is all out of order. Please let me know if you need more info.

I get the same payment. If you're comfortable with the selling price, no reason not to pull the trigger.

jman216

Michaell said:

jman216 said:

Are July numbers out yet? If so can you tell me MF and residual on a Accord Touring sedan 36m 12k in Chicago area? Thanks

The June lease numbers for Honda are valid until 7/5/16.

.00038 and 51% for Touring 36/12. $1750 total lease cash.

Any idea what they will be after 7/5? Trying to figure out if I should be now or wait and see how they are after. Also, do you recommend any dealers in the Chicago area? Thanks again!

hectro805

Michaell said:

hectro805 said:

Sorry if the information is all out of order. Please let me know if you need more info.

I get the same payment. If you're comfortable with the selling price, no reason not to pull the trigger.

No other dealerships come within $500 of selling price. And many are scared to match or beat it, they don't think it is legit. Do you think I could go lower?

ceerod3

2017 Accord should were released on June 27, 2016 but dealerships are yet to receive them. Thank you for the information. I will hold on a bit longer and Lease the 2017.