2016 Honda Accord Lease Questions

srs1974

99gx said:

kyfdx said:

srs1974 said:

beckman2713 said:

Hello
Any numbers for Feb? On a Sport or EX 12/36 in NY? Thank You

you can check them..they have good deals if its commutable..
http://www.hamiltonhonda.net/newspaper-ads.html

Plus taxes, doc fee and $595 acquisition fee..

So, figure another $1000 + tax upfront..

Doesn't mean it isn't a good deal, but the effective payment is closer to $225/mo.with tax and just 1st payment down..

$225 is probably the lowest you will get for an accord sport..thats exactly what I'm paying give or take a few dollars...and that's with as little out of pocket as possible ....

I know someone paying $300 a month for an LX. 

Hamilton honda is pretty good about deal..what you see is what you get. I have leased civic earlier with news paper deal..also there is no negiotiations most of the time.you walk away and they would care less..just sharing my experience

sanman1

Hello, I'm looking to lease another Accord V6 Coupe after being in a 2013 lease. A couple of selling price replies i got were in the mid $28k range. One dealer is giving me the $500 off of this cost offer. I'm still getting payments in the $400-$417 range with tax included. I feel this car should not have a higher than $380.00 a month payment with tax included. One dealer has a $699 dealer or processing fee, we know there is an acquisition fee, tag and title tax, and fist month payment rolled into a sign and drive lease deal. The residual value they are not giving but on one of their sites it says 51% for the coupe V6 no navigation base model. Would this be correct? Also with the current money factor on a selling price around $28k what would be an estimate on the monthly payment?

Thank you!

Michaell

sanman1 said:

Hello, I'm looking to lease another Accord V6 Coupe after being in a 2013 lease. A couple of selling price replies i got were in the mid $28k range. One dealer is giving me the $500 off of this cost offer. I'm still getting payments in the $400-$417 range with tax included. I feel this car should not have a higher than $380.00 a month payment with tax included. One dealer has a $699 dealer or processing fee, we know there is an acquisition fee, tag and title tax, and fist month payment rolled into a sign and drive lease deal. The residual value they are not giving but on one of their sites it says 51% for the coupe V6 no navigation base model. Would this be correct? Also with the current money factor on a selling price around $28k what would be an estimate on the monthly payment?

Thank you!

51% is the correct residual for the Coupe V6 EX-L for 36 months, 15,000 miles per year. The MF this month is .00051 and there is $750 lease cash available.

We would need to know the MSRP in order to model a payment.

99gx

sanman1 said:

Hello, I'm looking to lease another Accord V6 Coupe after being in a 2013 lease. A couple of selling price replies i got were in the mid $28k range. One dealer is giving me the $500 off of this cost offer. I'm still getting payments in the $400-$417 range with tax included. I feel this car should not have a higher than $380.00 a month payment with tax included. One dealer has a $699 dealer or processing fee, we know there is an acquisition fee, tag and title tax, and fist month payment rolled into a sign and drive lease deal. The residual value they are not giving but on one of their sites it says 51% for the coupe V6 no navigation base model. Would this be correct? Also with the current money factor on a selling price around $28k what would be an estimate on the monthly payment? Thank you!

That seems like a steep monthly payment to pay for a Honda coupe v6...I was pricing that up without the v6 and thought the payments were on the high end....after I got my numbers for the accord sport I ran with them...no other car for $25,000 were you going to get such a great price

sanman1

Yeah, these dealers I think use MSRP into the lease calculations. They are sneaky. They quote you a price and once they hear you want to lease they are basing the payment on MSRP or over invoice. They also tack on additional accessory fees.

sanman1

Hi Michael, Hi Michael, the MSRP is $31.860.00. Actually on one dealers site they say the residual is 53% and the money factor matches what you posted at 0.00051. I'm getting an quote of $28500 for their selling price. Should the payment on this lease be under $400.00 with tax included? This is with the dealer fee of $700, acquisition fee, tax/title. I'm getting around $400-417 for a 39 month lease zero down sign and drive. Thanks!

Michaell

sanman1 said:

Hi Michael, Hi Michael, the MSRP is $31.860.00. Actually on one dealers site they say the residual is 53% and the money factor matches what you posted at 0.00051. I'm getting an quote of $28500 for their selling price. Should the payment on this lease be under $400.00 with tax included? This is with the dealer fee of $700, acquisition fee, tax/title. I'm getting around $400-417 for a 39 month lease zero down sign and drive. Thanks!

53% is the 36/12 residual for the EX-L Coupe. Using that residual along with your prices, I get a pre-tax payment of $346/mo.

Assuming the cap cost is the selling price - if taxes and fees are being rolled in, the payment will naturally go up.

sanman1

I would be going with the 36/15 or 39/15. I would imagine the residual would lower by 2%? I would also imagine with Honda Cash at $750.00 selling price at around $28500, dealer fee of $700 washes the Honda cash so back at $28500 plus acquisition of $595 and tax/tag we are in the low $29's for the adjusted cap cost. Does this sound right? If you were to base the payment on the adjusted cap cost for a 36/15k or 39/15k lease what do you think we are looking at for payment? Thanks again Michael.

Michaell

sanman1 said:

I would be going with the 36/15 or 39/15. I would imagine the residual would lower by 2%? I would also imagine with Honda Cash at $750.00 selling price at around $28500, dealer fee of $700 washes the Honda cash so back at $28500 plus acquisition of $595 and tax/tag we are in the low $29's for the adjusted cap cost. Does this sound right? If you were to base the payment on the adjusted cap cost for a 36/15k or 39/15k lease what do you think we are looking at for payment? Thanks again Michael.

If I change my inputs to reflect a $29,250 cap cost and a residual of 51%, the payment jumps to $384/mo plus tax.

sanman1

So I guess a payment in the $400.00 range is not outrageous. Thank you again.

kent125

Can you tell me what the February residual and mf are for an Accord EX with Honda Sensing? This will be a 36/12k lease? Thank you

Michaell

kent125 said:

Can you tell me what the February residual and mf are for an Accord EX with Honda Sensing? This will be a 36/12k lease? Thank you

.00051 and 56%. $750 lease cash.

artsavedme

Hello Michaell,

Do you know what the current MF and residual for a 36mo / 12k mi lease on a 2016 Accord LX CVT for a tier 1 borrower. Also, are there any additional incentives beyond what is on the Honda Financial website?

Many thanks.

kyfdx

artsavedme said:

Hello Michaell,

Do you know what the current MF and residual for a 36mo / 12k mi lease on a 2016 Accord LX CVT for a tier 1 borrower. Also, are there any additional incentives beyond what is on the Honda Financial website?

Many thanks.

.00051 MF and 57% residual for 36/12 or 39/12. $750 lease cash

kashanj

Hi, I'm brand new to this forum, really have no idea what the MF, lease cash etc means. So could you help me out calculating a payment, my Civic lease is up in 2 weeks I wanna get an Accord EX CVT, MSRP is $27100, I wanna do 0 down, 36mos/36k miles. I live in NJ sales tax 7%. Is that enough info to at least roughly calculate the payment? Thank you for your help

kyfdx

kashanj said:

Hi, I'm brand new to this forum, really have no idea what the MF, lease cash etc means. So could you help me out calculating a payment, my Civic lease is up in 2 weeks I wanna get an Accord EX CVT, MSRP is $27100, I wanna do 0 down, 36mos/36k miles. I live in NJ sales tax 7%. Is that enough info to at least roughly calculate the payment? Thank you for your help

.00051 MF and 57% residual.

The other variable we need to calculate a lease payment is a selling price or CAP cost (that's the selling price, plus all other costs not paid upfront, like acquisition fee, tax, dealer doc fee, etc). That's the part that you have to negotiate.

kashanj

kyfdx said:

Hi, I'm brand new to this forum, really have no idea what the MF, lease cash etc means. So could you help me out calculating a payment, my Civic lease is up in 2 weeks I wanna get an Accord EX CVT, MSRP is $27100, I wanna do 0 down, 36mos/36k miles. I live in NJ sales tax 7%. Is that enough info to at least roughly calculate the payment? Thank you for your help

.00051 MF and 57% residual. The other variable we need to calculate a lease payment is a selling price or CAP cost (that's the selling price, plus all other costs not paid upfront, like acquisition fee, tax, dealer doc fee, etc). That's the part that you have to negotiate.

Ok, so what if cap is $28069. Is it a good deal and how much should actual lease be based on this price? Very appreciate your input as i'm signing in  tomorrow. Should i negociate more, i hate being a girl going to dealership. Thank you

kyfdx

kashanj said:

kyfdx said:

kashanj said:

Hi, I'm brand new to this forum, really have no idea what the MF, lease cash etc means. So could you help me out calculating a payment, my Civic lease is up in 2 weeks I wanna get an Accord EX CVT, MSRP is $27100, I wanna do 0 down, 36mos/36k miles. I live in NJ sales tax 7%. Is that enough info to at least roughly calculate the payment? Thank you for your help

.00051 MF and 57% residual.

The other variable we need to calculate a lease payment is a selling price or CAP cost (that's the selling price, plus all other costs not paid upfront, like acquisition fee, tax, dealer doc fee, etc). That's the part that you have to negotiate.

Ok, so what if cap is $28069. Is it a good deal and how much should actual lease be based on this price? Very appreciate your input as i'm signing in  tomorrow. Should i negociate more, i hate being a girl going to dealership. Thank you

If the CAP cost is $28069, then that's $373/mo, and a terrible deal.

kashanj

kyfdx said:

kashanj said:

kyfdx said:

kashanj said:

Hi, I'm brand new to this forum, really have no idea what the MF, lease cash etc means. So could you help me out calculating a payment, my Civic lease is up in 2 weeks I wanna get an Accord EX CVT, MSRP is $27100, I wanna do 0 down, 36mos/36k miles. I live in NJ sales tax 7%. Is that enough info to at least roughly calculate the payment? Thank you for your help

.00051 MF and 57% residual.

The other variable we need to calculate a lease payment is a selling price or CAP cost (that's the selling price, plus all other costs not paid upfront, like acquisition fee, tax, dealer doc fee, etc). That's the part that you have to negotiate.

Ok, so what if cap is $28069. Is it a good deal and how much should actual lease be based on this price? Very appreciate your input as i'm signing in  tomorrow. Should i negociate more, i hate being a girl going to dealership. Thank you

If the CAP cost is $28069, then that's $373/mo, and a terrible deal.

Ugh, yes that is. I'm going to another dealer, would love to stay under $270 really. But I actually Google all the MF etc so I'll go there like a pro thank you for your help

ral2167

Need numbers on 4 cylinder EX-L 4 door 36 month/15k miles a year. With Navigation and also without. Thank you.

Michaell

ral2167 said:

Need numbers on 4 cylinder EX-L 4 door 36 month/15k miles a year. With Navigation and also without. Thank you.

.00051 and $750 lease cash

Residuals are 54% (w/o Nav) or 52% (w/ Nav)

soupguy

Looking for a few MF/RV please.

These are all for 36 months 12 miles per year. Is there a sweet spot in terms of length of loan on these Hondas this month? Would it be better to hit 24 or 39 months?

Accord EXL 4 Cylinder
Accord EXL 6 Cylinder

Thanks in advance.

Michaell

soupguy said:

Looking for a few MF/RV please.

These are all for 36 months 12 miles per year. Is there a sweet spot in terms of length of loan on these Hondas this month? Would it be better to hit 24 or 39 months?

Accord EXL 4 Cylinder
Accord EXL 6 Cylinder

Thanks in advance.

.00051 and $750 lease cash

EX-L 4-cyl - 56%
EX-L 6-cyl - 55%

Residuals are good for both 36 and 39 months.

lucky1man

Re:2016 Honda Accord Sport lease/ dealer says need GAP insurance. Any guidelines on what to pay?

Michaell

lucky1man said:

Re:2016 Honda Accord Sport lease/ dealer says need GAP insurance. Any guidelines on what to pay?

Honda leases automatically come with GAP insurance included.

newbieleaser

Trying to lease a 2016 Accord Sport with manual transmission for 39 months with 12,000 miles. MSRP of $25100 and got a quote for $22,300. What is the money factor and residual value? Also, where do I find info on the $750 lease cash?

Michaell

newbieleaser said:

Trying to lease a 2016 Accord Sport with manual transmission for 39 months with 12,000 miles. MSRP of $25100 and got a quote for $22,300. What is the money factor and residual value? Also, where do I find info on the $750 lease cash?

.00051 and $750 lease cash.

39/12 residual on the Accord Sport is 57%

Lease cash is a factory to dealer incentive and not published. Dealer can choose to pass it along to the customer. Use the knowledge to negotiate your best price

newbieleaser

.00051 and $750 lease cash.

39/12 residual on the Accord Sport is 57%

Lease cash is a factory to dealer incentive and not published. Dealer can choose to pass it along to the customer. Use the knowledge to negotiate your best price

Thanks! I appreciate the info. One more question. The residual value is based on the msrp, right?

Michaell

newbieleaser said:

.00051 and $750 lease cash.

39/12 residual on the Accord Sport is 57%

Lease cash is a factory to dealer incentive and not published. Dealer can choose to pass it along to the customer. Use the knowledge to negotiate your best price

Thanks! I appreciate the info. One more question. The residual value is based on the msrp, right?

Yes, the bottom line number of the window sticker.

ctal1234

Offer on a '16 Accord EX-L (no nav) 39k/15 lease in north FL:

MSRP: 29390
Sale price: 26500

"Advanced Payments": 336.39
"Upfront Charges": 556.37
"Total cap reduction" 607.25
equals
Due on delivery: 1500.1

Monthly payment: 336 (tax incl.)

The MSRP includes a few options that they claimed to include on all the cars on the lot, like windshield treatment, wheel locks, etc. I asked for them to break down the payment due on delivery, but they did this instead so I don't know how much is doc fee and title, and how much is a down payment. I assume the first month's payment is "Advanced Payments." Since I didn't like the deal, I didn't push for more information. I got them to confirm that the money factor and residual were the numbers quoted here (.00051 and 54%).

This doesn't seem like a great deal to me. TrueCar said I should expect to pay $25.576 (without any installed options). Should I not take TrueCar seriously? Am I missing something? What do you think?

Michaell

ctal1234 said:

Offer on a '16 Accord EX-L (no nav) 39k/15 lease in north FL:

MSRP: 29390
Sale price: 26500

"Advanced Payments": 336.39
"Upfront Charges": 556.37
"Total cap reduction" 607.25
equals
Due on delivery: 1500.1

Monthly payment: 336 (tax incl.)

The MSRP includes a few options that they claimed to include on all the cars on the lot, like windshield treatment, wheel locks, etc. I asked for them to break down the payment due on delivery, but they did this instead so I don't know how much is doc fee and title, and how much is a down payment. I assume the first month's payment is "Advanced Payments." Since I didn't like the deal, I didn't push for more information. I got them to confirm that the money factor and residual were the numbers quoted here (.00051 and 54%).

This doesn't seem like a great deal to me. TrueCar said I should expect to pay $25.576 (without any installed options). Should I not take TrueCar seriously? Am I missing something? What do you think?

I can't help you with the TrueCar numbers

There is, however, a very active "Accords Prices Paid" discussion you can review to see what others have been able to negotiate:

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

The dealer accessories are not a good deal for you .. first, they are probably overpriced, and second, they aren't residualized, which means you will pay for 100% of the cost over the 39 month lease term.

Might be a good idea to get other dealers involved .. now that we are closing in on the end of the month, they may be more willing to make a great deal.

indydriver317

Good morning. I hope everyone is enjoying their Saturday. This is my first time posting so I hope I do this correctly.

This is for a 16 EXL non navigation.

Lease:39 mo. x 12k per yr. x "o" due x 315.50 per month. Lease payment based on 26,234.94 cap cost + 595 acquistion fee. money factor is .00041 residual is 56% of msrp 16522.80

Thanks for your help!

Michaell

indydriver317 said:

Good morning. I hope everyone is enjoying their Saturday. This is my first time posting so I hope I do this correctly.

This is for a 16 EXL non navigation.

Lease:39 mo. x 12k per yr. x "o" due x 315.50 per month. Lease payment based on 26,234.94 cap cost + 595 acquistion fee. money factor is .00041 residual is 56% of msrp 16522.80

Thanks for your help!

I get $282/mo plus tax with those numbers ... is this a $0 out of pocket "sign and drive" lease?

rodizio

I just want to make sure my math is right.

2016 Accord EX-L non-navigation.

MSRP $29,505
Sales price $25,500
Cap cost $25,500 less $750 lease cash is $24.750

RV is $29,505 x .56 or $16,522.80.

Depreciation is $8,227.20.

39 month lease means $210.95 monthly depreciation.

Interest at MF .00051 is $21.05 monthly.

So, before taxes and fees, lease is $232/month with zero down.

Taxes in NJ $633.36 (7%)
Reg fees roughly $300
Doc fee est $400
Acquisition $595
Tire $8

Total taxes and fees $1936.36 estimated or $49.65 per month over 39 months.

Add $49.65 to $232 for $281.65.

So, zero down, 39/12 lease would be $281.65 per month.

Is my math accurate based on the given sales price?

Thank you.

indydriver317

@Michaell these numbers were given to me via the Costco car buying program. The dealer that is participating have me those numbers.

carfan74

Current MF, residual and lease cash in NY on EX-L V6 and Touring, please. (36/12k lease, unless 39/12 is significantly better) Thank you!

carfan74

(Above is for sedans, sorry)

Michaell

rodizio said:

I just want to make sure my math is right.

2016 Accord EX-L non-navigation.

MSRP $29,505
Sales price $25,500
Cap cost $25,500 less $750 lease cash is $24.750

RV is $29,505 x .56 or $16,522.80.

Depreciation is $8,227.20.

39 month lease means $210.95 monthly depreciation.

Interest at MF .00051 is $21.05 monthly.

So, before taxes and fees, lease is $232/month with zero down.

Taxes in NJ $633.36 (7%)
Reg fees roughly $300
Doc fee est $400
Acquisition $595
Tire $8

Total taxes and fees $1936.36 estimated or $49.65 per month over 39 months.

Add $49.65 to $232 for $281.65.

So, zero down, 39/12 lease would be $281.65 per month.

Is my math accurate based on the given sales price?

Thank you.

If you roll everything into the cap cost, there is a discount of the MF to .00041, which saves a few $'s each month - I get $278.31 with those prices.

But, pretty close to your math.

Michaell

indydriver317 said:

@Michaell these numbers were given to me via the Costco car buying program. The dealer that is participating have me those numbers.

There is about a $1300 difference in prices, based on my payment versus the dealer quote.

Michaell

carfan74 said:

Current MF, residual and lease cash in NY on EX-L V6 and Touring, please. (36/12k lease, unless 39/12 is significantly better) Thank you!

carfan74 said:

(Above is for sedans, sorry)

.00051 and 55% for EX-L V6 and 51% for Touring.

$750 lease cash.

westcoastwintr

Hello,

Can you please provide MF/RES for 2016 Honda Accord EX-L Coupe V6 Manual? 36/12k. Any lease cash on this model?

Thanks

Michaell

westcoastwintr said:

Hello,

Can you please provide MF/RES for 2016 Honda Accord EX-L Coupe V6 Manual? 36/12k. Any lease cash on this model?

Thanks

.00051 and $750 lease cash.

36/12 residual is 53%

Numbers expire today, 2/29/16

ctal1234

Michaell said:

ctal1234 said:

Offer on a '16 Accord EX-L (no nav) 39k/15 lease in north FL:

MSRP: 29390
Sale price: 26500

"Advanced Payments": 336.39
"Upfront Charges": 556.37
"Total cap reduction" 607.25
equals
Due on delivery: 1500.1

Monthly payment: 336 (tax incl.)

The MSRP includes a few options that they claimed to include on all the cars on the lot, like windshield treatment, wheel locks, etc. I asked for them to break down the payment due on delivery, but they did this instead so I don't know how much is doc fee and title, and how much is a down payment. I assume the first month's payment is "Advanced Payments." Since I didn't like the deal, I didn't push for more information. I got them to confirm that the money factor and residual were the numbers quoted here (.00051 and 54%).

This doesn't seem like a great deal to me. TrueCar said I should expect to pay $25.576 (without any installed options). Should I not take TrueCar seriously? Am I missing something? What do you think?

I can't help you with the TrueCar numbers

There is, however, a very active "Accords Prices Paid" discussion you can review to see what others have been able to negotiate:

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

The dealer accessories are not a good deal for you .. first, they are probably overpriced, and second, they aren't residualized, which means you will pay for 100% of the cost over the 39 month lease term.

Might be a good idea to get other dealers involved .. now that we are closing in on the end of the month, they may be more willing to make a great deal.

Thanks for the advice. I went to another dealer and got a much better deal. I ended up putting down $1500 to cover first month and fees, which they assured me was more than that, with the remainder rolled into the payment along with the taxes. They said the doc fee was $899, and I've heard Florida fees are among the highest in the country, so I didn't press the issue.

I'm paying $277 a month for 39 months, 15k mi/yr. That's around $2300 better over the term of the lease than the other dealer offered. I had a Subaru 4 months from the end of it's lease period that the Honda dealer took as a trade. I have no idea what difference that made in the negotiation.

Thanks again!

mdchem11

Are march numbers for an EX-L or EX-L V6 (sedan) the same for March as they were for February?

artsavedme

Michaell,

Thanks for the data. Just signed a 39mo 12k/yr lease with zero money out with first payment by Honda on a 2016 Accord LX CVT sedan.

$23,725 MSRP
$20,388 Sales Price
$22,279 Gross Cap Cost (TTL and fees)
0.00041 MF (0.9% APR)
57% Residual

38 payments of $238 for a 39 mo/lease!

99gx

berzain23 said:

Hello, I'm in California. Looking to lease a 2016 Honda Accord Sport on 39/12k term. What can I expect to pay on a Zero $ down? Thanks in advance. 

I picked up the accord sport 39/10 for 

$228 a month

$400 out of pocket ....

If the $750 cash lease still exists and you have tier 1 you should easily bargain down to the price i m paying....

 

I shopped it out for 2 months....most places were coming back with $250-$255 with with first month and DMV

I know I got a very sweet deal ...I know someone leasing a Honda accord LX for $300 a month and last year a friend of mine got the 2015 sport with no money out of pocket for $265 a month....you should easily be able to pick it up for $235-$250 with no money out of pocket...let me know what deals you get.

kyfdx

mdchem11 said:

Are march numbers for an EX-L or EX-L V6 (sedan) the same for March as they were for February?

What mileage/term?

kyfdx

berzain23 said:

Hello, I'm in California. Looking to lease a 2016 Honda Accord Sport on 39/12k term. What can I expect to pay on a Zero $ down? Thanks in advance. 

.00051 MF and 55% residual. $1250 lease cash

Your payment depends on the MSRP and the discount from MSRP that you negotiate.

westmi1

Do you have March MF/Residual for a EX-L - Tier 1 credit. Current lease is up in two weeks.

Thanks!

mdchem11

Sorry, 36 month/15k

kyfdx said:

mdchem11 said:

Are march numbers for an EX-L or EX-L V6 (sedan) the same for March as they were for February?

What mileage/term?