2018 Honda Accord Lease Deals and Prices

the5rivers

kyfdx said:

the5rivers said:

Hello everyone. Thank you for all the pertinent info and advice. A valuable forum with great members and information.

Looking for MF and RV for an Accord Sedan Touring 2.0T in Indiana, 36/12k and 36/15k.

I also used the Costco Auto Program to see what kind of price I could get, and one dealer came back with $500 below invoice ($33,218), which I did not think was that good of deal considering they are selling it for $33719 on their website. I have sent out a few emails to see what other dealers will offer.

Thanks for your time!

.00128 MF and 56%/54% residual

Thank you!

mwfd131

Looking for money factor and RV on 2018 Honda Accord:

2.0 Touring Hybrid E-CVT
2.0 Touring 10AT

12K/36 months

for zip code 18940

Thanks!

kyfdx

mwfd131 said:

Looking for money factor and RV on 2018 Honda Accord:

2.0 Touring Hybrid E-CVT
2.0 Touring 10AT

12K/36 months

for zip code 18940

Thanks!

Gas: .00128 MF and 56% residual

Hybrid Touring residual is also 56%, though I can't confirm the money factor

mwfd131

I am new here and see many people getting deals for less than MSRP and my question is this: How much can I realistically expect to see reduced from MSRP for the TLX? I'm sure, like anything else, it varies by the trim/package, but here's my situation...

I currently lease a 2015 TLX V6 base model that expires soon and am debating between:
another TLX V6 base (or Tech or Advance package if I can get a good deal/reduction of MSRP)
2018 Honda Accord 2.0T 10AT
2018 Honda Accord 2.0T Hybrid
From what I have researched, it appears that my monthly payments on the above Accord(s) would be much higher than an Acura lease since Hondas don't typically offer great lease deals compared to Acura.

Obviously, I am trying to get the best deal possible and would like to keep my monthly payments at or below $400 with $0 down for 12k/36 mo lease. So for the experts out here, knowing my preferences do you think it's a waste of time for me to keep looking at the Accords? How about TLX w/Tech or Adv?

Michaell

mwfd131 said:

I am new here and see many people getting deals for less than MSRP and my question is this: How much can I realistically expect to see reduced from MSRP for the TLX? I'm sure, like anything else, it varies by the trim/package, but here's my situation...

I currently lease a 2015 TLX V6 base model that expires soon and am debating between:
another TLX V6 base (or Tech or Advance package if I can get a good deal/reduction of MSRP)
2018 Honda Accord 2.0T 10AT
2018 Honda Accord 2.0T Hybrid
From what I have researched, it appears that my monthly payments on the above Accord(s) would be much higher than an Acura lease since Hondas don't typically offer great lease deals compared to Acura.

Obviously, I am trying to get the best deal possible and would like to keep my monthly payments at or below $400 with $0 down for 12k/36 mo lease. So for the experts out here, knowing my preferences do you think it's a waste of time for me to keep looking at the Accords? How about TLX w/Tech or Adv?

As I noted in the TLX thread, you're more likely to get a better lease price on that than the Accord, this month.

cpcassar

Here are the details:

Is this a good deal???

Selling price= $28261
Destination =0

Total Inc Acc = $28261
Trade Allow = 0
Cash Diff = $28261
W.T. & L.A= 0
Electronic Fee = 212.81
Dealer Fee = 899
Total Tax Amt 29372.81
Lemon Law 0
Sub Total = $31185.18
Trade Pay Off = 0
Total = $31,185.18
Down Pay = 0
Amt to Finance = $31185.18

$385/month with 0 due at signing

Michaell

cpcassar said:

Here are the details:

Is this a good deal???

Selling price= $28261
Destination =0

Total Inc Acc = $28261
Trade Allow = 0
Cash Diff = $28261
W.T. & L.A= 0
Electronic Fee = 212.81
Dealer Fee = 899
Total Tax Amt 29372.81
Lemon Law 0
Sub Total = $31185.18
Trade Pay Off = 0
Total = $31,185.18
Down Pay = 0
Amt to Finance = $31185.18

$385/month with 0 due at signing

And what is the MSRP? Trim level?

cpcassar

MSRP is $31200 trim is Sport 2.0T

Michaell

cpcassar said:

MSRP is $31200 trim is Sport 2.0T

One more question - what lease term and how many miles a year is this quote for?

cpcassar

36/12

cpcassar

But i think that is the MSRP with Destination and the quote mentions 0 for destination so it would be $30,300 or so.... not sure

Michaell

cpcassar said:

36/12

OK, .00128 and 60%

The MSRP always includes destination.

I get $410/mo plus tax with those prices. $385/mo looks pretty good, by comparison.

Adrian Delgado

Hi,
Do you think it would be possible to get an Accord EX for $23,600 before TTL. The dealer has 170 accords on the lot. 
Thank you!

nick312

It’s my first time considering lease due to vehicle change so frequently with negative equity always being the end result. 
I’m sure I will get shafted regardless due to inexperience but is there any insight on how much better deals will be on Memorial Day?
And is it strictly from the initial price with incentives or is MF/residual subject to change as well?
thanks for the help in advance

the5rivers

Quick question: Will a dealer tell me the MF without running my credit? Thanks!

sebek75

kyfdx said:

Any numbers for the Hybrid yet? Looking for the RV, MF and any lease cash for the Hybrid EX, 36/15in Michigan. Thanks!

57% residual If the Hybrid has the same money factor as the gas sedan, then it's .00128 MF But, I don't know that part for sure.

Can I have RV for 2018 EX-L pls? MF I see is .00128

Michaell

nick312 said:

It’s my first time considering lease due to vehicle change so frequently with negative equity always being the end result. 
I’m sure I will get shafted regardless due to inexperience but is there any insight on how much better deals will be on Memorial Day?
And is it strictly from the initial price with incentives or is MF/residual subject to change as well?
thanks for the help in advance

Likely the lease program numbers may change in May, as well. And, if Honda is smart, they'll throw in a bit of lease cash to help move inventory.

But that's just wishful thinking from a web moderator (who test drove a 1.5T Sport when they were first released and really liked it)

Michaell

the5rivers said:

Quick question: Will a dealer tell me the MF without running my credit? Thanks!

Dealer may not tell you MF, either way.

Michaell

sebek75 said:

kyfdx said:

dan5142 said:

Any numbers for the Hybrid yet? Looking for the RV, MF and any lease cash for the Hybrid EX, 36/15in Michigan. Thanks!

57% residual

If the Hybrid has the same money factor as the gas sedan, then it's .00128 MF
But, I don't know that part for sure.

Can I have RV for 2018 EX-L pls? MF I see is .00128

56% for 36/15

the5rivers

Michaell said:

the5rivers said:

Quick question: Will a dealer tell me the MF without running my credit? Thanks!

Dealer may not tell you MF, either way.

So what’s the best way to get the MF? Trying to negotiate through email before I head to dealer. I figured I would just ask and if they pushed back I’d say the base MF is .00128.

Michaell

the5rivers said:

Michaell said:

the5rivers said:

Quick question: Will a dealer tell me the MF without running my credit? Thanks!

Dealer may not tell you MF, either way.

So what’s the best way to get the MF? Trying to negotiate through email before I head to dealer. I figured I would just ask and if they pushed back I’d say the base MF is .00128.

Don't do that - the dealer will want to know where your information came from, then things can get awkward.

Use the base MF in your calculations with the prices they gave you, and if your payment is lower than theirs, simply tell them you won't sign a deal unless the base MF is used.

That said, I don't think Honda dealers mark up the MF all that often, so this may be a non-issue.

the5rivers

Michaell said:

the5rivers said:

Michaell said:

the5rivers said:

Quick question: Will a dealer tell me the MF without running my credit? Thanks!

Dealer may not tell you MF, either way.

So what’s the best way to get the MF? Trying to negotiate through email before I head to dealer. I figured I would just ask and if they pushed back I’d say the base MF is .00128.

Don't do that - the dealer will want to know where your information came from, then things can get awkward.

Use the base MF in your calculations with the prices they gave you, and if your payment is lower than theirs, simply tell them you won't sign a deal unless the base MF is used.

That said, I don't think Honda dealers mark up the MF all that often, so this may be a non-issue.

Ok thanks for the info. Didn’t know how to approach it so I appreciate the advice. But if there is a difference in payment and I say my calculations are lower than yours they can just ask me the same question and what numbers I’m using.

cpcassar

Michael,
Do you think they'd have special incentives specifically for Memorial Day?? or the New incentives for Month of May would be the same on Memorial Day?

kyfdx

cpcassar said:

Michael,
Do you think they'd have special incentives specifically for Memorial Day?? or the New incentives for Month of May would be the same on Memorial Day?

We don't have any insight into future programs.

New programs start on May 1st.
No point in buying a car if you don't need it, yet.

sebek75

Michaell said:

kyfdx said:

Any numbers for the Hybrid yet? Looking for the RV, MF and any lease cash for the Hybrid EX, 36/15in Michigan. Thanks!

57% residual If the Hybrid has the same money factor as the gas sedan, then it's .00128 MF But, I don't know that part for sure.

Can I have RV for 2018 EX-L pls? MF I see is .00128

56% for 36/15

What about 36/12?

Michaell

sebek75 said:

Michaell said:

sebek75 said:

kyfdx said:

dan5142 said:

Any numbers for the Hybrid yet? Looking for the RV, MF and any lease cash for the Hybrid EX, 36/15in Michigan. Thanks!

57% residual

If the Hybrid has the same money factor as the gas sedan, then it's .00128 MF
But, I don't know that part for sure.

Can I have RV for 2018 EX-L pls? MF I see is .00128

56% for 36/15

What about 36/12?

58%

henhenn

Just playing devils advocate here, please don't take my comments with any hostility, but is there a reason why you guys don't provide a chart of some sort with MF, residual, and incentives? This information only changes monthly and if it does change, just barely.

It would seem to me that instead of getting asked daily about the same information, it would be easier to point someone to this chart. Maybe this information is available and I'm just missing it.

kyfdx

henhenn said:

Just playing devils advocate here, please don't take my comments with any hostility, but is there a reason why you guys don't provide a chart of some sort with MF, residual, and incentives? This information only changes monthly and if it does change, just barely.

It would seem to me that instead of getting asked daily about the same information, it would be easier to point someone to this chart. Maybe this information is available and I'm just missing it.

You mean publish a chart that says, "confidential information, do not share"?

Probably not..

henhenn

kyfdx said:

henhenn said:

Just playing devils advocate here, please don't take my comments with any hostility, but is there a reason why you guys don't provide a chart of some sort with MF, residual, and incentives? This information only changes monthly and if it does change, just barely.

It would seem to me that instead of getting asked daily about the same information, it would be easier to point someone to this chart. Maybe this information is available and I'm just missing it.

You mean publish a chart that says, "confidential information, do not share"?

Probably not..

This might be a silly question, but if it's confidential information, why is it being shared? It doesn't seem too confidential.

kyfdx

henhenn said:

kyfdx said:

henhenn said:

Just playing devils advocate here, please don't take my comments with any hostility, but is there a reason why you guys don't provide a chart of some sort with MF, residual, and incentives? This information only changes monthly and if it does change, just barely.

It would seem to me that instead of getting asked daily about the same information, it would be easier to point someone to this chart. Maybe this information is available and I'm just missing it.

You mean publish a chart that says, "confidential information, do not share"?

Probably not..

This might be a silly question, but if it's confidential information, why is it being shared? It doesn't seem too confidential.

I'll leave that one alone... .but..

If we posted the chart, by the time three people comment on it, no one would see it, anyway.

We are happy to give you whatever numbers you need, however.

henhenn

kyfdx said:

henhenn said:

kyfdx said:

henhenn said:

Just playing devils advocate here, please don't take my comments with any hostility, but is there a reason why you guys don't provide a chart of some sort with MF, residual, and incentives? This information only changes monthly and if it does change, just barely.

It would seem to me that instead of getting asked daily about the same information, it would be easier to point someone to this chart. Maybe this information is available and I'm just missing it.

You mean publish a chart that says, "confidential information, do not share"?

Probably not..

This might be a silly question, but if it's confidential information, why is it being shared? It doesn't seem too confidential.

I'll leave that one alone... .but..

If we posted the chart, by the time three people comment on it, no one would see it, anyway.

We are happy to give you whatever numbers you need, however.

kyfdx, I apprecate it. I was just curious

the5rivers

My numbers:

2.0T touring
36690 msrp
32665 price
.00128 mf, 56 RV
7 percent tax 46204

175 doc fee
31.25 dmv
595 acquisition


Monthly payment 433
Drive off 1288 (1st month payment, fees, acquisition fees) EDIT: less 465 for grad incentive

Thoughts?

tonyg2016

the5rivers said:

My numbers:
36690 msrp
32665 price
.00128 mf, 56 RV
7 percent tax 46204
175 doc fee
31.25 dmv
595 acquisition
Monthly payment 433
Drive off 1288 (1st month payment, fees, acquisition fees)
Thoughts?

i assume Touring 2.0T; calculations are balls on! still seems high to me (but i'm cheap). The lack of any lease cash kills these Accord deals...

leasehackr.com/calculator?make=Honda&msrp=36690&sales_price=32665&months=36&mf=.00128&dp=0&doc_fee=175&acq_fee=595&taxed_inc=0&untaxed_inc=0&rebate=0&resP=56&reg_fee=31&sales_tax=7&memo=&acqFee_check=true&monthlyTax_radio=true&miles=12000&msd=0

kyfdx

It's just a normal car lease for a unit with the highest trim and lowest residual.

$433/mo. is a pretty typical payment for a nearly $37K MSRP vehicle.

We just aren't used to seeing Accord leases without incentives. I bet that won't hold up, all year.
Who buys a sedan, any more?

tonyg2016

My local Honda dealer usually has about 45-50 accords on the lot. They now have 94 (all trims) and they are not a high volume dealer. They must be running out of room to store them. It took hyundai a full quarter to realize they needed to boost incentives on the Sonata (another slow selling sedan); seems honda is waiting a bit longer but time is on the buyer's side (if you can wait)

the5rivers

Ended up sealing the deal!

36,690 MSRP
33665 selling price
500 grad incentive
$432/month, 3yrs/36k, 800 drive off

I was unable to secure any accessories, however I was able to get them to match other dealer pricing because some of their installation costs were absurd.

Thank you very much for the MF and RV information! If I didn't have that info I would have been less informed and would have limited my negotiation. I appreciate all of the help!

bluemkn57cars

the5rivers said:

Ended up sealing the deal! 36,690 MSRP 33665 selling price 500 grad incentive $432/month, 3yrs/36k, 800 drive off I was unable to secure any accessories, however I was able to get them to match other dealer pricing because some of their installation costs were absurd. Thank you very much for the MF and RV information! If I didn't have that info I would have been less informed and would have limited my negotiation. I appreciate all of the help!

Congrats on the deal. Enjoy the Touring.

Michaell

the5rivers said:

Ended up sealing the deal!

36,690 MSRP
33665 selling price
500 grad incentive
$432/month, 3yrs/36k, 800 drive off

I was unable to secure any accessories, however I was able to get them to match other dealer pricing because some of their installation costs were absurd.

Thank you very much for the MF and RV information! If I didn't have that info I would have been less informed and would have limited my negotiation. I appreciate all of the help!

Congrats!

cpcassar

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

sdouc99

cpcassar said:

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

Don’t bother. It’s almost useless. Do the real math. 

kyfdx

sdouc99 said:

cpcassar said:

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

Don’t bother. It’s almost useless. Do the real math. 

^^^ This

sebek75

cpcassar said:

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

Well if you manage to get the lease with monthly payments equals 1% of car MSRP with $0 upfront then it’s great deal. So if the car MSRP is $33,860
then monthly payment should be $386 a month with just sign and drive. $0 our of pocket. The thing is it’s almost impossible to get

kyfdx

sebek75 said:

cpcassar said:

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

Well if you manage to get the lease with monthly payments equals 1% of car MSRP with $0 upfront then it’s great deal. So if the car MSRP is $33,860
then monthly payment should be $386 a month with just sign and drive. $0 our of pocket. The thing is it’s almost impossible to get

Except, the number is $338, not $386.

sebek75

kyfdx said:

cpcassar said:

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

Well if you manage to get the lease with monthly payments equals 1% of car MSRP with $0 upfront then it’s great deal. So if the car MSRP is $33,860
then monthly payment should be $386 a month with just sign and drive. $0 our of pocket. The thing is it’s almost impossible to get

Except, the number is $338, not $386.

Haha. That’s correct. My bad

cpcassar

Maybe it only applies to Acura leases

Michaell

cpcassar said:

Maybe it only applies to Acura leases

There are some brands that you can get the 1% rule to apply to. Not many, which is why we don't want to think of it as a rule, but a guideline.

gmanusmc

sdouc99 said:

cpcassar said:

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

Don’t bother. It’s almost useless. Do the real math. 

^ He gets it - if you use this rule, you will overpay on some vehicles.

Michaell

gmanusmc said:

sdouc99 said:

cpcassar said:

Can somebody explain to me the 1% rule of thumb regarding car lease payments?

Don’t bother. It’s almost useless. Do the real math. 

^ He gets it - if you use this rule, you will overpay on some vehicles.

I've seen < 1% of MSRP on some Jaguars and Infinitis. Different price range than an Accord, mind you....

cpcassar

is it 1% including the tax on the payment or 1% excluding the tax?

Michaell

cpcassar said:

is it 1% including the tax on the payment or 1% excluding the tax?

If you are lucky, 1% including tax.

Generally, 1% without tax is a good rate.

You aren't yet going to see that on the Accord, as the MF is still too high.