2016 Honda Accord Lease Questions

Michaell

viper689 said:

Hi there,

I was wondering what kind of monthly I can expect with a 2016 Accord Touring, 3yr/36k mile in Southern California, MSRP $35,515 sale price of around $33,000.

Thanks!

viper689 said:

gmanusmc said:

Recommend you read back a month or two of posts - you should be able to get 2500-3000 under invoice for that car. 33k is not good at all.

Sorry, thanks for catching my mistake. Still new here, learning the ropes. MSRP $35,515, Invoice a hair under $33000, sell price a little above $29000.

Thanks!

36/12 on Accord Touring is 50% and .00038.

With your prices, I get $330/mo before tax.

viper689

Michaell said:

36/12 on Accord Touring is 50% and .00038.

With your prices, I get $330/mo before tax.

Thanks! Is this with anything down?

Michaell

viper689 said:

Michaell said:

36/12 on Accord Touring is 50% and .00038.

With your prices, I get $330/mo before tax.

Thanks! Is this with anything down?

I assume $0 cap reduction in my calculations. Bank fee, dealer fee, first payment and DMV costs are due at signing. If you add these into the lease, the payment goes up.

gmanusmc

viper689 said:

gmanusmc said:

Recommend you read back a month or two of posts - you should be able to get 2500-3000 under invoice for that car. 33k is not good at all.

Sorry, thanks for catching my mistake. Still new here, learning the ropes. MSRP $35,515, Invoice a hair under $33000, sell price a little above $29000.

Thanks!

viper689 said:

gmanusmc said:

Recommend you read back a month or two of posts - you should be able to get 2500-3000 under invoice for that car. 33k is not good at all.

Sorry, thanks for catching my mistake. Still new here, learning the ropes. MSRP $35,515, Invoice a hair under $33000, sell price a little above $29000.

Thanks!

If that includes destination, it sounds like a smoking deal!

tonyg2016

Michaell said:

viper689 said:

Michaell said:

36/12 on Accord Touring is 50% and .00038.

With your prices, I get $330/mo before tax.

Thanks! Is this with anything down?

I assume $0 cap reduction in my calculations. Bank fee, dealer fee, first payment and DMV costs are due at signing. If you add these into the lease, the payment goes up.

you exclude the mandatory 595 acq fee from your quotes? 330 seems very low

Michaell

tonyg2016 said:

36/12 on Accord Touring is 50% and .00038. With your prices, I get $330/mo before tax.

Thanks! Is this with anything down?

I assume $0 cap reduction in my calculations. Bank fee, dealer fee, first payment and DMV costs are due at signing. If you add these into the lease, the payment goes up.

you exclude the mandatory 595 acq fee from your quotes? 330 seems very low

I use the numbers provided to me. No more, no less. 

steveinoc

How does this deal look for a 2016 Accord EX-L (without Honda Sensing or navigation) in southern California?

MSRP: $28,670
Dest: 835
Sticker: 29,505
Price: 25,335
Term: 36 mo.
Miles: 15,000/yr
MF: .00038
Residual: 15,638 (55%)
Drive off: 1,600
Monthly: $300.18 (including tax - 8.75%)

kyfdx

steveinoc said:

How does this deal look for a 2016 Accord EX-L (without Honda Sensing or navigation) in southern California?

MSRP: $28,670
Dest: 835
Sticker: 29,505
Price: 25,335
Term: 36 mo.
Miles: 15,000/yr
MF: .00038
Residual: 15,638 (55%)
Drive off: 1,600
Monthly: $300.18 (including tax - 8.75%)

If it's 36/15, the residual is 53%, not 55%. (and, 53% = your residual amount)
At that number, I get $285/mo.+tax. Looks like your $1600 has some CAP cost reduction to get the payment down to $300/mo.? You would need to be around $276/mo. to get the after tax payment to $300.

steveinoc

kyfdx said:

steveinoc said:

How does this deal look for a 2016 Accord EX-L (without Honda Sensing or navigation) in southern California?

MSRP: $28,670
Dest: 835
Sticker: 29,505
Price: 25,335
Term: 36 mo.
Miles: 15,000/yr
MF: .00038
Residual: 15,638 (55%)
Drive off: 1,600
Monthly: $300.18 (including tax - 8.75%)

If it's 36/15, the residual is 53%, not 55%. (and, 53% = your residual amount)
At that number, I get $285/mo.+tax. Looks like your $1600 has some CAP cost reduction to get the payment down to $300/mo.? You would need to be around $276/mo. to get the after tax payment to $300.

Yes, some cap cost reduction is in the $1600. This is the cost of the car if purchased from roadster. I checked again and you're right about the residual being 53%, I must have written it down wrong. Also, this must be a number that changes, because it's now $303.34 per month (including tax). That comes to about $278.93 per month before tax.

My question - is that a good deal?

kyfdx

steveinoc said:

kyfdx said:

steveinoc said:

How does this deal look for a 2016 Accord EX-L (without Honda Sensing or navigation) in southern California?

MSRP: $28,670
Dest: 835
Sticker: 29,505
Price: 25,335
Term: 36 mo.
Miles: 15,000/yr
MF: .00038
Residual: 15,638 (55%)
Drive off: 1,600
Monthly: $300.18 (including tax - 8.75%)

If it's 36/15, the residual is 53%, not 55%. (and, 53% = your residual amount)
At that number, I get $285/mo.+tax. Looks like your $1600 has some CAP cost reduction to get the payment down to $300/mo.? You would need to be around $276/mo. to get the after tax payment to $300.

Yes, some cap cost reduction is in the $1600. This is the cost of the car if purchased from roadster. I checked again and you're right about the residual being 53%, I must have written it down wrong. Also, this must be a number that changes, because it's now $303.34 per month (including tax). That comes to about $278.93 per month before tax.

My question - is that a good deal?

We don't track selling prices. You can check this discussion to see what other members are saying:
http://forums.edmunds.com/discussion/37154/honda/accord/2016-honda-accord-prices-paid-and-buying-experience#latest

medved55

good morning

What are the numbers (mf, residual, lease cash, incentives) for the EX and EX-L

Details: 36 months, 12k a year in MA.

Thank you in advance!

kyfdx

medved55 said:

good morning

What are the numbers (mf, residual, lease cash, incentives) for the EX and EX-L

Details: 36 months, 12k a year in MA.

Thank you in advance!

.00038 MF
EX: 56% residual, $1350 lease cash
EXL: 55% residual, $1850 lease cash

levessh

Hello, could I get MF and Residual for a 2016 Accord LX-S Coupe for a 36/12 in North Carolina.

Thanks

kyfdx

levessh said:

Hello, could I get MF and Residual for a 2016 Accord LX-S Coupe for a 36/12 in North Carolina.

Thanks

.00038 MF and 54% residual. $1850 lease cash.

mformazda

Hi,

could I get the MF and residual for 2016 Accord Sport - no sensing as well as dealer incentives/lease cash. for a 36k/12m in zip code 11556?

kyfdx

mformazda said:

Hi,

could I get the MF and residual for 2016 Accord Sport - no sensing as well as dealer incentives/lease cash. for a 36k/12m in zip code 11556?

.00038 MF and 56% residual. $1350 lease cash

mondaynight06

Hi! This is fantastic information! I'm looking at upgrading to a 2016 EX-L V6, 36month 12k mile lease in Michigan (48075). Thanks in advance!

Michaell

mondaynight06 said:

Hi! This is fantastic information! I'm looking at upgrading to a 2016 EX-L V6, 36month 12k mile lease in Michigan (48075). Thanks in advance!

.00038 and 54%. $1850 lease cash.

madman86

Hello,

Could you please provide the residual and MF for 2016 EX-L V6 coupe in NJ, 36 month and 15k lease.

Also, please advise what incentives are available for lease & purchase. Lastly, does Honda do 18 or 20k leases?

Thank you!

kimnezor

Hi, gang!

New to this forum and site, but have been looking at the information you are providing lately.

Just leased a 2016 Honda Accord Touring in AZ 36/12k miles; $0 down, financed EVERYTHING.

Here are the numbers:

MSRP: $35,515 (dealers in AZ add tint and protection on most cars and claim a ~$37k MSRP)
Purchase Price: $30,792
Doc Fee: $400
Financing Fee: $595
AZ VLT @ 1.68% of MSRP: $596.65
Tire, Air Quality, Registration: $13.50
Sales Tax (8.05%): $1,233.76

Total Capitalized Amount: $32,397.62
Monthly Payment: $460

Is this a decent deal?

kyfdx

madman86 said:

Hello,

Could you please provide the residual and MF for 2016 EX-L V6 coupe in NJ, 36 month and 15k lease.

Also, please advise what incentives are available for lease & purchase. Lastly, does Honda do 18 or 20k leases?

Thank you!

.00038 MF and 50% residual. $1850 lease cash

You can do more mileage. I think Honda reduces the residual by $0.10/mile, from the 15K/yr number. So, a 36/18 lease residual would be $900 lower then the 36/15 residual.

kyfdx

kimnezor said:

Hi, gang!

New to this forum and site, but have been looking at the information you are providing lately.

Just leased a 2016 Honda Accord Touring in AZ 36/12k miles; $0 down, financed EVERYTHING.

Here are the numbers:

MSRP: $35,515 (dealers in AZ add tint and protection on most cars and claim a ~$37k MSRP)
Purchase Price: $30,792
Doc Fee: $400
Financing Fee: $595
AZ VLT @ 1.68% of MSRP: $596.65
Tire, Air Quality, Registration: $13.50
Sales Tax (8.05%): $1,233.76

Total Capitalized Amount: $32,397.62
Monthly Payment: $460

Is this a decent deal?

.00038 MF and 50% residual. $1850 lease cash.

Using that MSRP and CAP cost, I get $426/mo.

tonyg2016

Asking this question AFTER you've made a deal serves no useful purpose.

steveinoc

Just leased a 2016 Honda Accord EX-L (no sensing or navigation) in Southern California. Here's the deal I got:

MSRP 29,505
Sale price 24,106
Residual 15,637 (53%)
MF .00038
Terms: 36/15
Drive off was 1278:
--Cap cost reduction 572
--Sales tax 45
--First month payment 278
--California tire fee 9
--Registration fee 258
--Document processing 80
--Electronic vehicle transfer fee 29
--Tax on document fee 6

Monthly payment: $252 + tax = $278

Michaell

steveinoc said:

Just leased a 2016 Honda Accord EX-L (no sensing or navigation) in Southern California. Here's the deal I got:

MSRP 29,505
Sale price 24,106
Residual 15,637 (53%)
MF .00038
Terms: 36/15
Drive off was 1278:
--Cap cost reduction 572
--Sales tax 45
--First month payment 278
--California tire fee 9
--Registration fee 258
--Document processing 80
--Electronic vehicle transfer fee 29
--Tax on document fee 6

Monthly payment: $252 + tax = $278

Looks pretty solid. Congrats, enjoy and thanks for sharing your deal details with us.

polishpete13

Please let me know if this is a good deal:

2016 Accord Sport Sedan AT
MSRP 25,900
Selling Price :22,139.54
36 Months
10K per year
MF: 0.00038
Residual: 57%
Paying Upfront: DMV, Doc, bank and first month = $1483.50
Monthly payment $236 w/ NJ tax

kyfdx

polishpete13 said:

Please let me know if this is a good deal:

2016 Accord Sport Sedan AT
MSRP 25,900
Selling Price :22,139.54
36 Months
10K per year
MF: 0.00038
Residual: 57%
Paying Upfront: DMV, Doc, bank and first month = $1483.50
Monthly payment $236 w/ NJ tax

I agree with the lease variables and the calculation.
There is $1350 of lease cash on this model.

If you are happy with the selling price, the rest of it looks god.

kimnezor

kyfdx said:

kimnezor said:

Hi, gang!

New to this forum and site, but have been looking at the information you are providing lately.

Just leased a 2016 Honda Accord Touring in AZ 36/12k miles; $0 down, financed EVERYTHING.

Here are the numbers:

MSRP: $35,515 (dealers in AZ add tint and protection on most cars and claim a ~$37k MSRP)
Purchase Price: $30,792
Doc Fee: $400
Financing Fee: $595
AZ VLT @ 1.68% of MSRP: $596.65
Tire, Air Quality, Registration: $13.50
Sales Tax (8.05%): $1,233.76

Total Capitalized Amount: $32,397.62
Monthly Payment: $460

Is this a decent deal?

.00038 MF and 50% residual. $1850 lease cash.

Using that MSRP and CAP cost, I get $426/mo.

$426 Does NOT include the tax payment of ~$34/month, with that I get to my $460.
Tony was telling me that apparently some people were able to get a '16 Touring for $30k flat or even less. That would be nice! I was looking specifically for a white exterior with a beige interior, and there were not too many of those in the Phoenix Metro. AZ taxes and fees also seem to be way higher than some of the numbers quoted by CA buyers. At least AZ property taxes are 0.6-0.7% of home value....which translates to being 49th state in education. You win some, you lose some

bammargera3176

Hello- i am a first time car buyer and i am looking to lease a 2 year honda accord LX. My local dealer is offering the lease at:
58/month,
2999 down + first month payment
595 acquisition fee
$349 doc fee
+ sales tax, registration extra

The MSRP is 23,840, and on true car they have average paid as 21,041 and true car estimate at 20,539. Can I offer a true car estimate at 20,539 and then hope they go closer to the average paid of 21K and then they can figure out the lease payments from there? It just seems that the lease payments of 58/month seem pretty low as it is. But I think I can get lower if their MSRP is almost 2k higher than the average price paid? Sorry i don't know much about negotiating and I'm trying to do it online with the sales manager, so i have been emailing a few people about prices. Can I make an offer online over email to them - is that normal?

bammargera3176

Also, i was emailing with another salesman and he gave me a $68/month for 12k, and then he said its 143/month for 15K. that equates to 1632 total for 24 months for $68 and $3432 for 24 months for $143. Doesnt it make sense to just take the 12k car and just pay the 15 cent penalty? I think i would go at most 14k miles a year. the penalty would be .15x2000 = only $300?

steveinoc

bammargera3176 said:

Also, i was emailing with another salesman and he gave me a $68/month for 12k, and then he said its 143/month for 15K. that equates to 1632 total for 24 months for $68 and $3432 for 24 months for $143. Doesnt it make sense to just take the 12k car and just pay the 15 cent penalty? I think i would go at most 14k miles a year. the penalty would be .15x2000 = only $300?

The numbers seem off. $68/mo for 12K vs. $143/mo for 15K.

What is the sales price they're using for these calculations?

kyfdx

It would be a lot easier to price your leases with only 1st payment due at signing. That $2999 down payment is making your payment seem cheap, but in reality, it's still over $200/mo.

bammargera3176

So how do you suggest I go over this with the sales guy on email? Should i start with the MSRP and compare it to the true car and say people are paying about 2k less from the MSRP for the average price, and then see what the lease payment is after that?

kyfdx

bammargera3176 said:

So how do you suggest I go over this with the sales guy on email? Should i start with the MSRP and compare it to the true car and say people are paying about 2k less from the MSRP for the average price, and then see what the lease payment is after that?

Hi, I'm looking to lease an Accord EX sedan with MSRP of $25,895. I'll need 36mo, 15K/yr, and only want to pay 1st payment and DMV charges at lease signing. Can you give me a monthly price, with tax?
Also, please let me know the selling price, adjusted CAP cost, money factor and residual used to calculate the payment. Thanks!

Let them make the first offer.. then see how that price compares with what you want, then bargain from there. I just made up the numbers above. Use the ones that match the car you are interested in.

bammargera3176

So I finally got a response from someone for a 2016 Honda LX Sedan with MSRP of 20,275. Here is what he told me:

Vehicle 2016 Honda Civic LX
Stock # 161863
Payment Monthly $215
Months 36/months
Mileage Per Year 15k
Money Down $215
Lease # 36848

MSRP $20,275
Cap cost $18,088
Lease end value $12,165
Lease money factor 0.00070

Not really sure where to go from here or what to say next. I'm assuming I can get the payment down to below $200/month but I don't know what to say. Any help?

bammargera3176

I also got this response from another person:

2016 Honda Civic LX - $260/month, 36 months, 15k miles/year, $0 down - only first months payment due
2016 Honda Civic LX - $225/month, 36 months, 15k miles/year, $1,389 down
(includes first months payment, acquisition fee, doc fee, plates/reg fee)

Cap Cost: $18,673
Money Factor: .00070
Residual: 60% = $12,165

tonyg2016

bammargera3176 said:

I also got this response from another person:

2016 Honda Civic LX - $260/month, 36 months, 15k miles/year, $0 down - only first months payment due
2016 Honda Civic LX - $225/month, 36 months, 15k miles/year, $1,389 down
(includes first months payment, acquisition fee, doc fee, plates/reg fee)

Cap Cost: $18,673
Money Factor: .00070
Residual: 60% = $12,165

have you switched to the Civic now? if so, the first quote is much better; don't you see that?

bammargera3176

Yes, sorry I forgot to mention i switched to the civic

kyfdx

bammargera3176 said:

Yes, sorry I forgot to mention i switched to the civic

The Civic lease discusson is here:
http://forums.edmunds.com/discussion/38049/honda/civic/2016-honda-civic-lease-questions#latest

Thanks!

mformazda

kyfdx said:

mformazda said:

Hi,

could I get the MF and residual for 2016 Accord Sport - no sensing as well as dealer incentives/lease cash. for a 36k/12m in zip code 11556?

.00038 MF and 56% residual. $1350 lease cash

Initial offer is 22,500 selling price. what is the lease payment/month based on this?

number41

Just started looking at a 2016 Honda Accord EX-L (no sensing or navigation) in PA. Here's what was offered for a 36mo/12k lease:

MSRP 29,405
Net Cap Cost 26,265
Residual 55%
MF .00003
Due at signing $526 (first month plus $220 tag fee):

Monthly payment: $281 + 9% tax = $306

The net cap cost seems high based upon what I am reading here. Invoice is $27,134, so I should be targeting 2,000-3,000 under that, right?

Michaell

mformazda said:

kyfdx said:

mformazda said:

Hi,

could I get the MF and residual for 2016 Accord Sport - no sensing as well as dealer incentives/lease cash. for a 36k/12m in zip code 11556?

.00038 MF and 56% residual. $1350 lease cash

Initial offer is 22,500 selling price. what is the lease payment/month based on this?

Need to know the MSRP as well, to calculate a payment.

Michaell

number41 said:

Just started looking at a 2016 Honda Accord EX-L (no sensing or navigation) in PA. Here's what was offered for a 36mo/12k lease:

MSRP 29,405
Net Cap Cost 26,265
Residual 55%
MF .00003
Due at signing $526 (first month plus $220 tag fee):

Monthly payment: $281 + 9% tax = $306

The net cap cost seems high based upon what I am reading here. Invoice is $27,134, so I should be targeting 2,000-3,000 under that, right?

The MF on the Accord this month is .00038; using your MSRP and net cap cost, I get $296/mo plus tax; a little higher than your calculation.

Yes, for purchases we suggest $2-3K under invoice. However, that number may include incentives that are not compatible for leasing. $1850 lease cash on the EX-L this month.

frankblackmg

My experience

2016 Accord Touring

$1811 Down (Bank/DMV/Other Standard Fees)

10K Miles a year via HFS

$369 with tax.

18,100 Residual.

They wouldn't throw in All Season Mats. Bleh.

Insurance skyrocketed with Gieco, decided to dump them and go with Allstate. Doesn't pay to be a long standing customer with anyone (actually, it does, but for them, not you,) it's always a game of switching, whether insurance or Cable TV, etc.

kmbcadgmk

frankblackmg said:

My experience

2016 Accord Touring

$1811 Down (Bank/DMV/Other Standard Fees)

10K Miles a year via HFS

$369 with tax.

18,100 Residual.

They wouldn't throw in All Season Mats. Bleh.

Insurance skyrocketed with Gieco, decided to dump them and go with Allstate. Doesn't pay to be a long standing customer with anyone (actually, it does, but for them, not you,) it's always a game of switching, whether insurance or Cable TV, etc.

frankblackmg-

Could you please post MSRP, cap cost and other details of your lease? I am interested in Touring model and looking now. Thanks in advance!

Michaell

frankblackmg said:

My experience

2016 Accord Touring

$1811 Down (Bank/DMV/Other Standard Fees)

10K Miles a year via HFS

$369 with tax.

18,100 Residual.

They wouldn't throw in All Season Mats. Bleh.

Insurance skyrocketed with Gieco, decided to dump them and go with Allstate. Doesn't pay to be a long standing customer with anyone (actually, it does, but for them, not you,) it's always a game of switching, whether insurance or Cable TV, etc.

What prices were used to get that payment?

Congrats and enjoy the new Accord!

tonyg2016

frankblackmg said:

My experience

2016 Accord Touring
$1811 Down (Bank/DMV/Other Standard Fees)
10K Miles a year via HFS
$369 with tax.
18,100 Residual.

what state are you in?
fees are a bit high but the monthly is good

automan822

Accord Sedan EX-L V6, res., & MF, lease cash in So Cal
Thanks

Michaell

automan822 said:

Accord Sedan EX-L V6, res., & MF, lease cash in So Cal
Thanks

Lease term and miles per year?

mformazda

Michaell said:

mformazda said:

kyfdx said:

mformazda said:

Hi,

could I get the MF and residual for 2016 Accord Sport - no sensing as well as dealer incentives/lease cash. for a 36k/12m in zip code 11556?

.00038 MF and 56% residual. $1350 lease cash

Initial offer is 22,500 selling price. what is the lease payment/month based on this?

Need to know the MSRP as well, to calculate a payment.

MSRP of 25,900