2020 Honda Accord Lease Deals and Prices

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  • jonb989jonb989 Member Posts: 5
    Please provide the MF, residual value and any incentives for an Accord Sport 2.0 A. 3 year 36000 miles. I looking for the best lease deal on the Accord. I live in Michigan. Thank you.
  • MichaellMichaell Moderator Posts: 264,277
    jonb989 said:

    Please provide the MF and residual value and any incentives for an Accord Hybrid EX 3 year 36000 mile lease. I live in Michigan. Thanks much !

    .00215 and 57%
    No incentives

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  • MichaellMichaell Moderator Posts: 264,277
    Kairus said:

    Hi, can I have the MF/Residual/Incentives for 36/10 in 33418 on the EX-L 1.5T and the Sport 1.5T? Thank you.

    .00087 and 58% / 60% for EX-L / Sport
    $500 incentive

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  • MichaellMichaell Moderator Posts: 264,277
    jonb989 said:

    Please provide the MF, residual value and any incentives for an Accord Sport 2.0 A. 3 year 36000 miles. I looking for the best lease deal on the Accord. I live in Michigan. Thank you.

    .00087 and 58%
    $500 incentives

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  • lars1281lars1281 Member Posts: 36
    Need a check o a quote from a dealer. Lease 2020 Accord Touring 2.0T. Zip: 19053.

    Numbers follow... I come up with $384/month. Dealer comes up with $429. I am making assumptions on Dealer ACQ Fee and Security Deposit. Can you help?

  • MichaellMichaell Moderator Posts: 264,277
    lars1281 said:

    Need a check o a quote from a dealer. Lease 2020 Accord Touring 2.0T. Zip: 19053.

    Numbers follow... I come up with $384/month. Dealer comes up with $429. I am making assumptions on Dealer ACQ Fee and Security Deposit. Can you help?

    The acquisition fee is $595 for Honda.

    Are you applying the $2000 twice?

    Once for the difference between "negotiated selling price" and "base cap cost", and then again between "gross cap cost" and "net cap cost"?

    Also, I get $252 as the "depreciation" portion of the payment ($9068/36). Double check the formulas in your spreadsheet.

    Ask the dealer for a copy of their lease worksheet.

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  • lars1281lars1281 Member Posts: 36
    edited March 2020
    You were right.. I was counting the down payment twice. Here are the revised numbers.. lmk your thoughts on the deal... It includes a tire/wheel warranty....



  • MichaellMichaell Moderator Posts: 264,277
    lars1281 said:

    You were right.. I was counting the down payment twice. Here are the revised numbers.. lmk your thoughts on the deal... It includes a tire/wheel warranty....



    Now I agree with your math.

    There are only two places where the dealers numbers can be different than yours - the net cap cost or the MF. Confirm what the dealer is using - you sure the tire/wheel warranty is free?

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  • jonb989jonb989 Member Posts: 5
    I signed a 3yr/36,000 mile lease today for a 2020 Honda Accord Sport 2.0A The sales manager said he was impressed that I already new the numbers. My calculations agreed with what he was offering based on MF and Residual I received from this forum. I was confident the dealer was honest and not hiding numbers.

    MRSP: $31,360
    Purchase Price: $30,000
    Cap cost reduction: $945.97
    Adjusted Cap Cost: $29649.03
    Residual Value: $18742.70
    Depreciation: $10906.33
    Rent Charge: $1515.47
    Total of Base payment: $12421.80
    Base Monthly Payment: $345.05
    Monthly Sales/Use Tax: $20.70
    Total monthly payment: $365.75

  • jksalehjksaleh Member Posts: 47
    Can i please have numbers for 1.5T and 2.0T Manual for 36/12k in 48105
  • MichaellMichaell Moderator Posts: 264,277
    jonb989 said:

    I signed a 3yr/36,000 mile lease today for a 2020 Honda Accord Sport 2.0A The sales manager said he was impressed that I already new the numbers. My calculations agreed with what he was offering based on MF and Residual I received from this forum. I was confident the dealer was honest and not hiding numbers.

    MRSP: $31,360
    Purchase Price: $30,000
    Cap cost reduction: $945.97
    Adjusted Cap Cost: $29649.03
    Residual Value: $18742.70
    Depreciation: $10906.33
    Rent Charge: $1515.47
    Total of Base payment: $12421.80
    Base Monthly Payment: $345.05
    Monthly Sales/Use Tax: $20.70
    Total monthly payment: $365.75

    Congrats!

    Thanks for the report.

    Great color.

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  • MichaellMichaell Moderator Posts: 264,277
    jksaleh said:

    Can i please have numbers for 1.5T and 2.0T Manual for 36/12k in 48105

    Sport?

    .00087 and 59% / 58% for 1.5T / 2.0T
    $500 incentive

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  • Lease_a_dealLease_a_deal Member Posts: 20
    Can i please have numbers for the Sport 1.5T automatic for 36/12k in 92694. Greatly appreciated.
  • lars1281lars1281 Member Posts: 36


    Now I agree with your math.

    There are only two places where the dealers numbers can be different than yours - the net cap cost or the MF. Confirm what the dealer is using - you sure the tire/wheel warranty is free?

    Now that I see the IM's from the dealer(yes, doing this via IM with Corona).. he said "i am willing to add the tire/wheel protection for $459 with $459 down payment" - NOT FREE.
    **

    I finally got the dealer to send his lease sheet. A bunch of extraneous charges... Also he charged me $659 vs. $459 for tire/wheel warranty. I think this is $550 - $1000 over what is reasonable. Thoughts?



  • MichaellMichaell Moderator Posts: 264,277
    Lease_a_deal said:

    Can i please have numbers for the Sport 1.5T automatic for 36/12k in 92694. Greatly appreciated.

    .00087 and 59%
    $500 incentives

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  • MichaellMichaell Moderator Posts: 264,277
    lars1281 said:



    Now I agree with your math.

    There are only two places where the dealers numbers can be different than yours - the net cap cost or the MF. Confirm what the dealer is using - you sure the tire/wheel warranty is free?

    Now that I see the IM's from the dealer(yes, doing this via IM with Corona).. he said "i am willing to add the tire/wheel protection for $459 with $459 down payment" - NOT FREE.
    **

    I finally got the dealer to send his lease sheet. A bunch of extraneous charges... Also he charged me $659 vs. $459 for tire/wheel warranty. I think this is $550 - $1000 over what is reasonable. Thoughts?





    I'd pass on the tire/wheel warranty, altogether.

    We don't determine what is or isn't reasonable - Edmunds tracks pricing, here:
    https://www.edmunds.com/new-cars/

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  • thaneofcawdorthaneofcawdor Member Posts: 6
    How does this look?... doesn't say what the money factor is in the attached
  • kyfdxkyfdx Moderator Posts: 267,604
    thaneofcawdor said:

    How does this look?... doesn't say what the money factor is in the attached

    .00087 MF

    The calculations are exact.

    You have to add the $1499 + $595 acquisition fee to the CAP cost to get the correct numbers.

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  • thaneofcawdorthaneofcawdor Member Posts: 6
    Thanks Ky. I actually don't understand what that line item is..the 1499. What do they mean by that?
  • kyfdxkyfdx Moderator Posts: 267,604
    thaneofcawdor said:

    Thanks Ky. I actually don't understand what that line item is..the 1499. What do they mean by that?

    It is a $0 Due at Signing lease. The $1499 added to the CAP cost covers those three items listed, that are usually paid upfront.

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  • thaneofcawdorthaneofcawdor Member Posts: 6
    Very helpful. I guess my last question would be how did you know to add a $595 acquisition fee, Why is that not showing up as a line item on here?
  • kyfdxkyfdx Moderator Posts: 267,604
    thaneofcawdor said:

    Very helpful. I guess my last question would be how did you know to add a $595 acquisition fee, Why is that not showing up as a line item on here?

    Because, I know things... ;)

    And, didn’t see it listed anywhere else. Once I added it, the number was exact.
    Same reason why I knew the money factor.

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  • nico riesnico ries Member Posts: 7
    Can I get numbers for 2020 Accord Touring and Touring Hybrid. 10/36 in 92648 including any incentives, and end date for them. Appreciate the help.
  • kyfdxkyfdx Moderator Posts: 267,604
    nico ries said:

    Can I get numbers for 2020 Accord Touring and Touring Hybrid. 10/36 in 92648 including any incentives, and end date for them. Appreciate the help.

    36/12

    Gas: .00087 MF and 57% residual. $500 incentive

    Hybrid: .00215 MF and 54% residual

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  • gocards2003gocards2003 Member Posts: 15
    Can I get numbers for 2020 Accord Touring and EX-L 2.0? 12/36 for 40241 including any incentives. Thanks for all the help!!
  • MichaellMichaell Moderator Posts: 264,277
    gocards2003 said:

    Can I get numbers for 2020 Accord Touring and EX-L 2.0? 12/36 for 40241 including any incentives. Thanks for all the help!!

    .00127 and 57% / 56% for Touring / EX-L
    $500 incentive

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  • KurtT2020KurtT2020 Member Posts: 3
    can i get numbers for 2020 sport 1.5 in 89123 and 97225. prefer 36/10 ,but i think 36/12 is only option.Also any incentive ,loyalty ? current HFC lessee
  • kyfdxkyfdx Moderator Posts: 267,604
    KurtT2020 said:

    can i get numbers for 2020 sport 1.5 in 89123 and 97225. prefer 36/10 ,but i think 36/12 is only option.Also any incentive ,loyalty ? current HFC lessee

    36/12
    .00087 MF (NV)
    .00127 MF (OR)

    59% residual
    $500 incentive

    No loyalty info

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  • djrichdjrich Member Posts: 39
    edited April 2020
    Are there any April lease numbers yet on Accord 2.0s (EXL, Sport, Touring)? 36/12 in Florida and any current loyalty?
  • case828case828 Member Posts: 1
    Hi there. Could I please have the MF, residual, loyalty, and any incentives for 2020 EX-L 1.5T for 36/12 in 49506 and 60035? Current HFC lessee. Thanks!
  • kyfdxkyfdx Moderator Posts: 267,604
    djrich said:

    Are there any April lease numbers yet on Accord 2.0s (EXL, Sport, Touring)? 36/12 in Florida and any current loyalty?

    .00087 MF
    $500 incentive

    56%, 58%, 57% residual, respectively

    No info on loyalty

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  • kyfdxkyfdx Moderator Posts: 267,604
    case828 said:

    Hi there. Could I please have the MF, residual, loyalty, and any incentives for 2020 EX-L 1.5T for 36/12 in 49506 and 60035? Current HFC lessee. Thanks!

    .00087 MF and 57% residual
    $500 incentive

    No info on loyalty

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  • wallowoowallowoo Member Posts: 3
    edited April 2020
    RV & MF for 2020 Honda Accord Sedan EX-L 1.5T CVT, 36/12, 46240?
  • MichaellMichaell Moderator Posts: 264,277
    wallowoo said:

    RV & MF for 2020 Honda Accord Sedan EX-L 1.5T CVT, 36/12, 46240?

    .00087 and 57%
    $500 incentive

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  • wallowoowallowoo Member Posts: 3
    Michaell said:

    wallowoo said:

    RV & MF for 2020 Honda Accord Sedan EX-L 1.5T CVT, 36/12, 46240?

    .00087 and 57%
    $500 incentive
    Thanks for the quick turnaround. Is there any particular eligibility or reason for the $500 incentive?
  • MichaellMichaell Moderator Posts: 264,277
    wallowoo said:

    Michaell said:

    wallowoo said:

    RV & MF for 2020 Honda Accord Sedan EX-L 1.5T CVT, 36/12, 46240?

    .00087 and 57%
    $500 incentive
    Thanks for the quick turnaround. Is there any particular eligibility or reason for the $500 incentive?
    No eligibility necessary; it's a dealer incentive, and will be part of any price offered to you.

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  • chad75chad75 Member Posts: 141
    Would you mind providing the MF and residual for a Touring 2.0T, 10k or 12k miles/yr, 36 months. ZIP 33912. Thank you!
  • kyfdxkyfdx Moderator Posts: 267,604
    chad75 said:

    Would you mind providing the MF and residual for a Touring 2.0T, 10k or 12k miles/yr, 36 months. ZIP 33912. Thank you!

    36/12
    .00087 MF and 57% residual
    $500 incentive

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  • CarRichNJCarRichNJ Member Posts: 3
    edited April 2020
    Would you please provide the MF, residual value and any incentives for the following
    2020 Accord Sport 1.5T, 3 year 30000 miles
    2020 Accord Hybrid EX, 3 year 30000 miles

    My zipcode is 08234.

    Thank you!
  • MichaellMichaell Moderator Posts: 264,277
    CarRichNJ said:

    Would you please provide the MF, residual value and any incentives for the following
    2020 Accord Sport 1.5T, 3 year 30000 miles
    2020 Accord Hybrid EX, 3 year 30000 miles

    My zipcode is 08234.

    Thank you!

    .00087 MF
    Sport 1.5T - 60% and $500 incentive
    Hybrid EX - 58% and no incentive

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  • chad75chad75 Member Posts: 141
    kyfdx said:

    chad75 said:

    Would you mind providing the MF and residual for a Touring 2.0T, 10k or 12k miles/yr, 36 months. ZIP 33912. Thank you!

    36/12
    .00087 MF and 57% residual
    $500 incentive
    Thank you! I think they also have a $1,000 Honda owners incentivr, too, on the website (we have an Odyssey), so hopefully that's useable.
  • MichaellMichaell Moderator Posts: 264,277
    chad75 said:

    kyfdx said:

    chad75 said:

    Would you mind providing the MF and residual for a Touring 2.0T, 10k or 12k miles/yr, 36 months. ZIP 33912. Thank you!

    36/12
    .00087 MF and 57% residual
    $500 incentive
    Thank you! I think they also have a $1,000 Honda owners incentivr, too, on the website (we have an Odyssey), so hopefully that's useable.
    Yes, loyalty would stack onto this.

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  • AW122AW122 Member Posts: 1
    Hey Everyone,

    Can someone evaluate a deal for me. Currently have a 2017 Honda Accord EX, dealer will be taking care of the remaining 3 payments, around ~$750.

    After negotiations for 2020 Accord EX-L 2.0T

    MSRP 33375
    Selling Price: 27554
    Residual: 18690
    Residual %: 56
    Acquisition Fee: 595
    Dealer Fees: 300


    36 months, 12k/year

    Drive off amount: 660
    Monthly: 341

    Zip code: 60302 (Oakpark, IL)

    This is the best deal I have been offered so far. Apologies but I dont know the details of MF. Thanks in Advance.

  • kyfdxkyfdx Moderator Posts: 267,604
    AW122 said:

    Hey Everyone,

    Can someone evaluate a deal for me. Currently have a 2017 Honda Accord EX, dealer will be taking care of the remaining 3 payments, around ~$750.

    After negotiations for 2020 Accord EX-L 2.0T

    MSRP 33375
    Selling Price: 27554
    Residual: 18690
    Residual %: 56
    Acquisition Fee: 595
    Dealer Fees: 300


    36 months, 12k/year

    Drive off amount: 660
    Monthly: 341

    Zip code: 60302 (Oakpark, IL)

    This is the best deal I have been offered so far. Apologies but I dont know the details of MF. Thanks in Advance.

    Looks good, especially if they are eating $750 in payments.

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  • CarRichNJCarRichNJ Member Posts: 3
    Michaell said:

    CarRichNJ said:

    Would you please provide the MF, residual value and any incentives for the following
    2020 Accord Sport 1.5T, 3 year 30000 miles
    2020 Accord Hybrid EX, 3 year 30000 miles

    My zipcode is 08234.

    Thank you!

    .00087 MF
    Sport 1.5T - 60% and $500 incentive
    Hybrid EX - 58% and no incentive
    Thank you for providing this information.

    Can I please have the MF, residual for 2020 Hybrid Ex?

    42 months, 10000 miles
    39 months, 10000 miles

    Thank you!
  • kyfdxkyfdx Moderator Posts: 267,604
    CarRichNJ said:

    Michaell said:

    CarRichNJ said:

    Would you please provide the MF, residual value and any incentives for the following
    2020 Accord Sport 1.5T, 3 year 30000 miles
    2020 Accord Hybrid EX, 3 year 30000 miles

    My zipcode is 08234.

    Thank you!

    .00087 MF
    Sport 1.5T - 60% and $500 incentive
    Hybrid EX - 58% and no incentive
    Thank you for providing this information.

    Can I please have the MF, residual for 2020 Hybrid Ex?

    42 months, 10000 miles
    39 months, 10000 miles

    Thank you!
    No lease support for terms longer than 36 months

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  • Sean2013Sean2013 Member Posts: 5
    Could I please have RV, MF, and incentives for sport 2.0T, sport 1.5T, and EX 1.5T on 36/12 lease zip code 75230?
  • kyfdxkyfdx Moderator Posts: 267,604
    Sean2013 said:

    Could I please have RV, MF, and incentives for sport 2.0T, sport 1.5T, and EX 1.5T on 36/12 lease zip code 75230?

    .00087 MF
    $500 incentive

    58%, 59%, 57% residual

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  • mard71mard71 Member Posts: 99
    Hi,
    What are the April MF and residual value for 2020 Accord Touring 2.0T?
    Zip code: 11803
    36 months 10K
    Loyalty and other incentives for current Honda owner (2016 Pilot)?
    Thanks!
  • kyfdxkyfdx Moderator Posts: 267,604
    mard71 said:

    Hi,
    What are the April MF and residual value for 2020 Accord Touring 2.0T?
    Zip code: 11803
    36 months 10K
    Loyalty and other incentives for current Honda owner (2016 Pilot)?
    Thanks!

    .00087 MF and 58% residual
    $500 incentive

    No info on loyalty

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