2018 Honda Accord Lease Deals and Prices

sebek75

Michaell 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.

Can I please have MF & RV for 2.0 Sport and 1.5 Sport?

kyfdx

sebek75 said:

Michaell said:

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.

Can I please have MF & RV for 2.0 Sport and 1.5 Sport?

36/15
.00128 MF and 58% residual
Either engine

fitsker89

Is this a good price for a 2018 Honda Accord Sedan EX-L 36 months/12,000 mi lease with trading in 2015 Honda Accord Sedan EX-L lease with 42,000 miles (extended lease original 36 mo/12,000 mi lease ended Febr 2018, has been 2 month) ?

$391.49/mo ( includes 9.05% sales tax for zip code 66049)
$0 down
2015 Payoff is $15,760
MSRP: $30860
Sales Price: $38060
RV: $17899

My current 2015 lease price is $360.15 including tax. Currently have extended the lease 6 months.

Thanks!

kyfdx

fitsker89 said:

Is this a good price for a 2018 Honda Accord Sedan EX-L 36 months/12,000 mi lease with trading in 2015 Honda Accord Sedan EX-L lease with 42,000 miles (extended lease original 36 mo/12,000 mi lease ended Febr 2018, has been 2 month) ?

$391.49/mo ( includes 9.05% sales tax for zip code 66049)
$0 down
2015 Payoff is $15,760
MSRP: $30860
Sales Price: $38060
RV: $17899

My current 2015 lease price is $360.15 including tax. Currently have extended the lease 6 months.

Thanks!

Are you trading in the 2015, or just turning it back into Honda?

Your MSRP and Sales Price seem to have a typo somewhere in there.

fitsker89

Oops
The sales price is $28060. Sorry! Trade in.

kyfdx

fitsker89 said:

Oops
The sales price is $28060. Sorry! Trade in.

.00128 MF and 58% residual
If I add the $595 acquisition fee, I get $358/mo.+tax

I don't have any way to factor in your trade, as I don't know what they are giving you for it. Even if I did, I wouldn't know if that's a good price.

bluemkn57cars

fitsker89 said:

Oops The sales price is $28060. Sorry! Trade in.

Invoice price for this car is $28,301. Not such a great deal on the sale price. What are dealer doc fees? 

I am not familiar with how a trade in works on a lease, hence I cannot comment on that. 

gmanusmc

bluemkn57cars said:

fitsker89 said:

Oops
The sales price is $28060. Sorry! Trade in.

Invoice price for this car is $28,301. Not such a great deal on the sale price. What are dealer doc fees? 

I am not familiar with how a trade in works on a lease, hence I cannot comment on that. 


Trade in works the same as a conventional sale - trade allowance versus payoff - any negative equity not paid up front is rolled in - any positive equity is applied as cap reduction (if it's a lot, dealers can issue you a check for some or all if you request).

sdouc99

gmanusmc said:

fitsker89 said:

Oops The sales price is $28060. Sorry! Trade in.

Invoice price for this car is $28,301. Not such a great deal on the sale price. What are dealer doc fees? 

I am not familiar with how a trade in works on a lease, hence I cannot comment on that. 

Trade in works the same as a conventional sale - trade allowance versus payoff - any negative equity not paid up front is rolled in - any positive equity is applied as cap reduction (if it's a lot, dealers can issue you a check for some or all if you request).

If there is negative equity don’t trade it in. Just return it, assuming the lease is matured and auto is not over mileage or damaged. 

bluemkn57cars

gmanusmc said:

fitsker89 said:

Oops The sales price is $28060. Sorry! Trade in.

Invoice price for this car is $28,301. Not such a great deal on the sale price. What are dealer doc fees? 

I am not familiar with how a trade in works on a lease, hence I cannot comment on that. 

Trade in works the same as a conventional sale - trade allowance versus payoff - any negative equity not paid up front is rolled in - any positive equity is applied as cap reduction (if it's a lot, dealers can issue you a check for some or all if you request).

Thanks for the info. 

fitsker89

I am about 3,000 miles over even with the additional 2000 miles for the extended lease at this moment. Dealer Retail is projected at $18739. I believe they said there was $795 in equity, but that seems low to me. So I just need to deduct that in the cap reduction figure?

Michaell

fitsker89 said:

I am about 3,000 miles over even with the additional 2000 miles for the extended lease at this moment. Dealer Retail is projected at $18739. I believe they said there was $795 in equity, but that seems low to me. So I just need to deduct that in the cap reduction figure?

I would recommend you get a second opinion of the trade value. Do you have a CarMax nearby?

And, get the payoff value from Honda Finance. The more information you have, the better position you'll be in to make a deal on the new car.

kyfdx

fitsker89 said:

I am about 3,000 miles over even with the additional 2000 miles for the extended lease at this moment. Dealer Retail is projected at $18739. I believe they said there was $795 in equity, but that seems low to me. So I just need to deduct that in the cap reduction figure?

If you are 3000 miles over, and they are crediting you with $795 equity, that is a big win.
Just make sure you see the $795 CAP reduction in the lease calculations.

randiesel85

MF and RV for EX-L 2.0T please?

Michaell

randiesel85 said:

MF and RV for EX-L 2.0T please?

.00128 and 56% for 36/15

kingston89king

@markpavhga thats the exact lease special they have online $249 a month $2399 due at signing.

14,676.00. Pay off
21,952.45. ADJ CAP.

66% RV. not sure what the MF is but mean its essentially the same special which means there is room to negotiate, NOT A GOOD DEAL!

nicorico

Hello Gentlemen 
Accord 2.0 Touring
in Florida 36/12 leas
Cap Cost 33618
due at signing 2419 which is first, tag, doc fees, acquisition and dealer fee
$513 a month tax in
does not seem like a good deal...

Michaell

nicorico said:

Hello Gentlemen 
Accord 2.0 Touring
in Florida 36/12 leas
Cap Cost 33618
due at signing 2419 which is first, tag, doc fees, acquisition and dealer fee
$513 a month tax in
does not seem like a good deal...

What is the MSRP?

What is the specific breakdown of the $2419.

While the program on the Accord has improved, you've picked the model with the worst residual and the highest MSRP. Not sure it will be much cheaper than what you've been quoted.

You can get a nice Acura or Infiniti for that payment.

nicorico

Michaell said:

Hello Gentlemen 
Accord 2.0 Touring
in Florida 36/12 leas
Cap Cost 33618
due at signing 2419 which is first, tag, doc fees, acquisition and dealer fee
$513 a month tax in
does not seem like a good deal...

What is the MSRP? What is the specific breakdown of the $2419. While the program on the Accord has improved, you've picked the model with the worst residual and the highest MSRP. Not sure it will be much cheaper than what you've been quoted. You can get a nice Acura or Infiniti for that payment.

$36,690 MSRP
in the $2419 is $513 first, $595 acquisition fee, $799 dealer fee, there are some $500 in tag and Fl fees.

tonyg2016

nicorico said:

does not seem like a good deal...

you are correct

sebek75

Michaell said:

Hello Gentlemen 
Accord 2.0 Touring
in Florida 36/12 leas
Cap Cost 33618
due at signing 2419 which is first, tag, doc fees, acquisition and dealer fee
$513 a month tax in
does not seem like a good deal...

What is the MSRP? What is the specific breakdown of the $2419. While the program on the Accord has improved, you've picked the model with the worst residual and the highest MSRP. Not sure it will be much cheaper than what you've been quoted. You can get a nice Acura or Infiniti for that payment.

So Michaell which Accord trim is the best to lease those days? I would like to lease one with 2.0 because I don’t like CVT Transmission...
I will extend my current Accord lease and wait few weeks to see if Honda lease programs improve even more. Memorial Day is coming so I have my fingers crossed

djscrubba

What is the MF & Res on an Accord EX and EX-L CVT in NY for 36months and 12k miles? Thank you

Michaell

sebek75 said:

Michaell said:

nicorico said:

Hello Gentlemen 
Accord 2.0 Touring
in Florida 36/12 leas
Cap Cost 33618
due at signing 2419 which is first, tag, doc fees, acquisition and dealer fee
$513 a month tax in
does not seem like a good deal...

What is the MSRP?

What is the specific breakdown of the $2419.

While the program on the Accord has improved, you've picked the model with the worst residual and the highest MSRP. Not sure it will be much cheaper than what you've been quoted.

You can get a nice Acura or Infiniti for that payment.

So Michaell which Accord trim is the best to lease those days? I would like to lease one with 2.0 because I don’t like CVT Transmission...
I will extend my current Accord lease and wait few weeks to see if Honda lease programs improve even more. Memorial Day is coming so I have my fingers crossed

2.0 Sport has a 60% residual for 36/12

If you don't need a car now, I would suggest you wait. I've heard that the sales numbers on the Accord are not nearly as good as Honda expected, so I'd guess the deals will get better next month.

And, I was serious about the Acura or Infiniti comment - the lack of features on the Sport trim may make for a better payment, but if you aren't happy with the vehicle, it's not going to be that great of a lease deal.

Michaell

djscrubba said:

What is the MF & Res on an Accord EX and EX-L CVT in NY for 36months and 12k miles? Thank you

.00128 and 59% (EX) or 58% (EX-L)

jaywalker2020

MSRP : 24,555
Sales price : 21455
RV : 14660 or 60% numbers are a little off
MF .00595 or 14%
Tax: 8.875
what numbers are you guys getting?
im at around anywhere from 280-300????
am I calculating the money factor correctly? The lease manager said about 411 As a payment. What am I missing

tonyg2016

are you sure the 595 is not the acquisition fee?
You may not be a good candidate for leasing...

kyfdx

jaywalker2020 said:

MSRP : 24,555
Sales price : 21455
RV : 14660 or 60% numbers are a little off
MF .00595 or 14%
Tax: 8.875
what numbers are you guys getting?
im at around anywhere from 280-300????
am I calculating the money factor correctly? The lease manager said about 411 As a payment. What am I missing

$595 is the acquisition fee
The money factor is .00128

Your residual should be a whole percent of the MSRP, so one of those numbers is off.
Which trim line?
What term and mileage?

What state?
What is the amount due at signing?

jaywalker2020

Just getting the base model LX ACCORD BASE 
State is NY
36/12k
and we’re not putting down anything at signing besides first months payment

jaywalker2020

They said that the credit isn’t that great so that’s why the money factor they said is high... my brothers credit is around 650 but he was already in a lease. When he first got his first lease they gave him a low money factor on his civic base model deal which was 0.00092

Michaell

jaywalker2020 said:

Just getting the base model LX ACCORD BASE 
State is NY
36/12k
and we’re not putting down anything at signing besides first months payment

.00128 and 60%

jaywalker2020

But even with the “bad credit” we’d get the best money factor? Can the money factor be negotiated? Are these salespeople just being jerks ?

jaywalker2020

Michaell said:

Just getting the base model LX ACCORD BASE 
State is NY
36/12k
and we’re not putting down anything at signing besides first months payment

.00128 and 60%

But even with the “bad credit” we’d get the best money factor? Can the money factor be negotiated? Are these salespeople just being jerks ?

Michaell

jaywalker2020 said:

Michaell said:

Just getting the base model LX ACCORD BASE 
State is NY
36/12k
and we’re not putting down anything at signing besides first months payment

.00128 and 60%

But even with the “bad credit” we’d get the best money factor? Can the money factor be negotiated? Are these salespeople just being jerks ?


Likely not, but we don't have the other MF to reference.

jaywalker2020

Michaell said:

Michaell said:

Just getting the base model LX ACCORD BASE 
State is NY
36/12k
and we’re not putting down anything at signing besides first months payment

.00128 and 60%

But even with the “bad credit” we’d get the best money factor? Can the money factor be negotiated? Are these salespeople just being jerks ?

Likely not, but we don't have the other MF to reference.

The other MF that they’re trying to get us with is a .00595...

kyfdx

jaywalker2020 said:

Michaell said:

jaywalker2020 said:

Michaell said:

Just getting the base model LX ACCORD BASE 
State is NY
36/12k
and we’re not putting down anything at signing besides first months payment

.00128 and 60%

But even with the “bad credit” we’d get the best money factor? Can the money factor be negotiated? Are these salespeople just being jerks ?

Likely not, but we don't have the other MF to reference.


The other MF that they’re trying to get us with is a .00595...

Don't lease a car if that's the only rate offered.

gogaryc

Hello Everyone,

Please help check if below is a good lease that I should proceed. This is from NCal dealer, tax is based on 94539.

2018 Accord Touring 1.5T

MSRP $34,675
Deal offer: $29,993
Doc fee:$80
Tax:$7.4
NonTaxfee:$1032.75(Assuming is registration...etc. Already ask for breakdown)
NetPrice:$31,113.75
Trade off Balance:$33,887.5

MF:0.00128
Term: 36/12K
$0 down, $439.55/mth(including tax)

kyfdx

gogaryc said:

Hello Everyone,

Please help check if below is a good lease that I should proceed. This is from NCal dealer, tax is based on 94539.

2018 Accord Touring 1.5T

MSRP $34,675
Deal offer: $29,993
Doc fee:$80
Tax:$7.4
NonTaxfee:$1032.75(Assuming is registration...etc. Already ask for breakdown)
NetPrice:$31,113.75
Trade off Balance:$33,887.5

MF:0.00128
Term: 36/12K
$0 down, $439.55/mth(including tax)

Trade off Balance:$33,887.5

What is that number? Do you have a trade?
What is the amount Due at Signing?

gogaryc

That's what it showed on the quotation. I don't have anything to trade as I am looking at lease only. I assumed zero down equals zero due at signing. Is that two different thing? I will ask dealer again for clarification then.

Michaell

gogaryc said:

That's what it showed on the quotation. I don't have anything to trade as I am looking at lease only. I assumed zero down equals zero due at signing. Is that two different thing? I will ask dealer again for clarification then.

$0 down and $0 due at signing are different.

Generally, we recommend that you pay the first payment and any registration costs when you sign the paperwork. You can roll those into the payment for a true $0 "sign and drive", but then the registration costs are subject to tax.

gogaryc

Thanks, I sorted it out myself. There is indeed an inception fee: $965, which equals to Doc fee+tax+first month fee+DMV registration. ($80+$7.4+$439.55+$437.75=$965) So I guess this lease offer is $965 drive-off plus $439.55/mth payment for a 2018 Accord 1.5T Touring. In that case, is this a good one to go with? Or just a average one? Please help advise. Thank you.

Michaell

gogaryc said:

Thanks, I sorted it out myself. There is indeed an inception fee: $965, which equals to Doc fee+tax+first month fee+DMV registration. ($80+$7.4+$439.55+$437.75=$965) So I guess this lease offer is $965 drive-off plus $439.55/mth payment for a 2018 Accord 1.5T Touring. In that case, is this a good one to go with? Or just a average one? Please help advise. Thank you.

56% and .00128

I get $357/mo plus tax, using your prices.

Either something is going on with the MF, or the selling price is not the cap cost.

drtyyugo

Hey guys i received these numbers from a local dealer here in NJ. What do you guys think? I’ve never leased a car before so I don’t want to get screwed. My credit isn’t stellar tho so idk how that will affect the numbers. 

kyfdx

drtyyugo said:

Hey guys i received these numbers from a local dealer here in NJ. What do you guys think? I’ve never leased a car before so I don’t want to get screwed. My credit isn’t stellar tho so idk how that will affect the numbers. 

The tax number on the top document is for purchase, not lease..

But, if I take the selling price, add $595 for acquisition fee and about $750 tax, then I'm within a dollar or two on the payment... Close enough.

.00128 MF is the base money factor. Other than a $399 doc fee, nothing extra in that quote. That's a typical fee for NJ. That is a decent discount from MSRP, as well.

drtyyugo

Thank you for the reply. I’ll see what happens when I go into the dealership.  I’ll def have them remove the etching fee 

Adrian Delgado

I got a quote for $24,619 on an Accord EX. This was base cap. Could I go lower? Possibly $23,300

Michaell

adrian56 said:

I got a quote for $24,619 on an Accord EX. This was base cap. Could I go lower? Possibly $23,300

We don't track pricing; there is an entire thread dedicated to the subject:

https://forums.edmunds.com/discussion/48657/honda/accord/2018-honda-accord-deals-and-prices#latest

daedalus34r

accord 2.0T sport manual RV & MF please, 36months/10k or 12k miles, whatever is available. chicagoland 60523.

thanks!

kyfdx

daedalus34r said:

accord 2.0T sport manual RV & MF please, 36months/10k or 12k miles, whatever is available. chicagoland 60523.

thanks!

36/12
.00128 MF and 60% residual

a123458

can i get the RV & MF on the 2018 accord exl? 36 months/10k. NY/NJ
thanks
did honda introduce any lease cash incentives?

kyfdx

a123458 said:

can i get the RV & MF on the 2018 accord exl? 36 months/10k. NY/NJ
thanks
did honda introduce any lease cash incentives?

.00128 MF
59% residual

No lease incentives that we know of.