2015 Honda Accord Lease Questions

ianmackaye · February 2015

Just signed a deal today in Iowa. Honda LX and had the dealer install a new Honda OEM remote start. (Will buy the car after lease is finished. Just leasing for now to manage cash flow the way I want to...) Here are the particulars. Would appreciate your opinions...

36 months/36,000 miles
Car Purchase Price $20,200 (includes $820 destination fee)
Dealer Doc Fee $185
Acquisition Fee $595
Purchase and installation of remote start $441.60
standard DMV fees with no mark-up.

Residual value standard of $13997
MF 0.00039
Lease Disposal fee of $350 (if car is not purchased or another Honda is not purchased or leased)

Drive off was $238.75 with 35 more payments of $238.75 due.

Michaell · February 2015

ianmackaye said:
Just signed a deal today in Iowa. Honda LX and had the dealer install a new Honda OEM remote start. (Will buy the car after lease is finished. Just leasing for now to manage cash flow the way I want to...) Here are the particulars. Would appreciate your opinions...

36 months/36,000 miles
Car Purchase Price $20,200 (includes $820 destination fee)
Dealer Doc Fee $185
Acquisition Fee $595
Purchase and installation of remote start $441.60
standard DMV fees with no mark-up.

Residual value standard of $13997
MF 0.00039
Lease Disposal fee of $350 (if car is not purchased or another Honda is not purchased or leased)

Drive off was $238.75 with 35 more payments of $238.75 due.

That's a lot of car for the payment. Enjoy your new Accord!

bitdady · March 2015

Checking in to see if anybody knows the residual and MF for a Honda accord sport, 3yr12 in California for March. Also if there are any incentives. Thanks.

kyfdx · March 2015

artthurr said:
Checking in to see if anybody knows the residual and MF for a Honda accord sport, 3yr12 in California for March. Also if there are any incentives. Thanks.

.00039 MF and 57% residual.

$500 dealer cash and $500 lease bonus cash available on this model.

drsmokey · March 2015

Can anyone tell me the MF and residual for an Accord EX-L sedan 3yr/36k lease in Texas for March? Are there any lease incentives in Texas this month? Thank you.

bitdady · March 2015

kyfdx said:

Checking in to see if anybody knows the residual and MF for a Honda accord sport, 3yr12 in California for March. Also if there are any incentives. Thanks.
.00039 MF and 57% residual. $500 dealer cash and $500 lease bonus cash available on this model.

Thanks so much. Looking to lease 2 of them at the end of the month. Let you know how it goes.

bitdady · March 2015

kyfdx said:

Checking in to see if anybody knows the residual and MF for a Honda accord sport, 3yr12 in California for March. Also if there are any incentives. Thanks.
.00039 MF and 57% residual. $500 dealer cash and $500 lease bonus cash available on this model.

Thank you so much. Looking to lease 2 accords at the end of the month.

alexfrnch · March 2015

Hi,
Could you please post MF, RV for Accord EXL for 36/12K. For WA state.
Thank you

Michaell · March 2015

alexfrnch said:
Hi,
Could you please post MF, RV for Accord EXL for 36/12K. For WA state.
Thank you

.00039 and $500 lease cash. 56% residual for 36/12.

drsmokey · March 2015

Could you please post MF and RV for Accord EX for 36/12 lease for TX.
Thank you

Michaell · March 2015

drsmokey said:
Could you please post MF and RV for Accord EX for 36/12 lease for TX.
Thank you

.00039 and $500 lease cash. 36/12 residual is 58%

xas · March 2015

Looking for 10k/36 mo lease on Accord sport in NY. Msrp was 25400. sale price was 22500. Zero down. Dealer wanted 283/mo with first and dmv upfront. How did I do?

Michaell · March 2015

xas said:
Looking for 10k/36 mo lease on Accord sport in NY. Msrp was 25400. sale price was 22500. Zero down. Dealer wanted 283/mo with first and dmv upfront. How did I do?

.00039 and 58%.With your MSRP and sale price, I get a pre-tax payment of $230.30.

jossuecc · March 2015

Hi, I requested a quote for a 2015 Honda Accord Coupe EX-L V6 AT w/ Navi which MSRP is $33,340. The final price from dealer is $29,628. My credit is excellent. Lease terms are 15,000 miles a year, 36 months.
The number they gave me were:
RV: 51%
MF: .00039
Down: $1,500
Monthly payment: $440 including tax (FL tax is 6%)

How do these numbers look for you?
Are the RV and MF current and correct? If not, what would they be?
Is the $1,500 down worth and needed to get a lower monthly payment?
With these numbers, are the monthly payment given correct? If not, what would it be?
In fact, what the correct numbers and monthly payment would be?
Thanks in advance.

kyfdx · March 2015

jossuecc said:
Hi, I requested a quote for a 2015 Honda Accord Coupe EX-L V6 AT w/ Navi which MSRP is $33,340. The final price from dealer is $29,628. My credit is excellent. Lease terms are 15,000 miles a year, 36 months.
The number they gave me were:
RV: 51%
MF: .00039
Down: $1,500
Monthly payment: $440 including tax (FL tax is 6%)

How do these numbers look for you?
Are the RV and MF current and correct? If not, what would they be?
Is the $1,500 down worth and needed to get a lower monthly payment?
With these numbers, are the monthly payment given correct? If not, what would it be?
In fact, what the correct numbers and monthly payment would be?
Thanks in advance.

If the lease is 36mo, 15K/yr, the residual should be 49%. 51% is the 36/12 residual for that model. The money factor is correct.

$1500 probably covers the 1st payment, $595 acquisition fee and title/license/dealer fees (dealer fees tend to be hefty in Florida).

Given that, if the CAP cost is the same as the selling price, then the payment (with 49% residual) should be $387/mo.+tax, or about $410/mo. after tax.

So, ask for the net cap cost, and then ask why it's different than the selling price.. Looks like about $1000 extra in there.. There is a $1500 dealer incentive on this model, so bargain hard.

xas · March 2015

Michaell said:

xas said:
Looking for 10k/36 mo lease on Accord sport in NY. Msrp was 25400. sale price was 22500. Zero down. Dealer wanted 283/mo with first and dmv upfront. How did I do?
.00039 and 58%.With your MSRP and sale price, I get a pre-tax payment of $230.30.

Thanks..another question they hit me with $75 delivery fee plus tax..is this fee legit?

kyfdx · March 2015

xas said:

Michaell said:

xas said:
Looking for 10k/36 mo lease on Accord sport in NY. Msrp was 25400. sale price was 22500. Zero down. Dealer wanted 283/mo with first and dmv upfront. How did I do?
.00039 and 58%.With your MSRP and sale price, I get a pre-tax payment of $230.30.
Thanks..another question they hit me with $75 delivery fee plus tax..is this fee legit?

NYS restricts dealer document fees to $75 maximum. As a result, nearly every dealer charges the same $75 fee, though it isn't required. Be glad you don't live in Florida, where fees are unrestricted and the dealers take advantage of it. (and, yes... in most states, doc fees are taxable).

jossuecc · March 2015

Hi, I have these new numbers from another dealer for the 2015 Honda Accord Coupe EX-L V6 AT w/ Navigation. Lease terms are the same (15K/year, 36 months).
Down: $1500
MSRP: $33,340
Adjusted CAP Cost: $28,857.21
RV: 49%
MF: .00039
Tax: 7%
Monthly payment: $391 including tax

They told me that in order to get this monthly payment including tax, I had to give $1500 down.
How do these numbers sound to you now?
Could I still negotiate a lower money down than the requested $1500 or is this amount acceptable?

kyfdx · March 2015

jossuecc said:
Hi, I have these new numbers from another dealer for the 2015 Honda Accord Coupe EX-L V6 AT w/ Navigation. Lease terms are the same (15K/year, 36 months).
Down: $1500
MSRP: $33,340
Adjusted CAP Cost: $28,857.21
RV: 49%
MF: .00039
Tax: 7%
Monthly payment: $391 including tax

They told me that in order to get this monthly payment including tax, I had to give $1500 down.
How do these numbers sound to you now?
Could I still negotiate a lower money down than the requested $1500 or is this amount acceptable?

The calculations are correct. Can you get it cheaper? I don't know... Doesn't hurt to try.

alexfrnch · March 2015

Hi, What would be the # for 2015 Accord LX 36/12 Automatic? Thank you.

kyfdx · March 2015

alexfrnch said:
Hi, What would be the # for 2015 Accord LX 36/12 Automatic? Thank you.

.00039 MF and 58% residual. $1000 lease cash

ken117 · March 2015

Good to recognize, those doc or delivery fees are not really fees of any kind. They are simply part of the selling price. Dealers recognize there is value in splitting the price into two parts, the price and those fees.

This accomplishes a couple of things.

First, it allows them to advertise a lower price. As mentioned, in Florida those fees can be anything. For example, a dealer may have a price of $30,000 for a vehicle. That dealer can split that price into a $29,000 price, which it will advertise, plus a $1,000 doc fee, which at best will be in small letters. This is nothing more than legal deception. Dealer's know a buyer will likely only see the lower price which will entice buyers to visit their dealership. And a visit is what every dealer wants.

Second, the dealer's use of the word fee is intended to again deceive a buyer to believe this fake fee is legitimate. In fact, the only fees which are legitimate and not negotiable are those fees imposed by the Government. Sales tax, registration, etc.

Dealers will often attempt a further deception by stating something to the effect they are required to charge this fee to every customer. The truth is they are not required in any way to charge this fee. What they mean by that statement is they must show they charged this fee to every customer to avoid being sued. To do this, many dealers print the doc fee on the contract. Once again, this is a deception to make the buyer believe the fee is legitimate.

The best way to handle these fees is to reduce the price to compensate for the fee. For example, after much research the buyer determines a fair price for a vehicle is $29,000. If dealer A has a $500 doc fee, reduce that price to $28,500. If the dealer has a $700 doc fee, like in Florida, reduce the price to $28,300.

Negotiate up from those numbers, not down from MSRP. I always find it best to start the negotiation by telling the dealer my number rather than start from their number. This goes against many so-called experts but I have found this tactic eliminates many sales games inherent in car buying.

Finally, today dealers often use electronic media to process the paperwork for a car sales. They generally pay a third party for this media. I read one dealer who stated this process saves tens of thousands of dollars each year. This dealer further stated his actual cost to process the paperwork is around $10 a deal. Google, EarlStewartonCars for information.

Ask yourself why you should have to pay hundreds of dollars for documents? A dealer has many costs associated with selling vehicles. By definition all those costs are included in the selling price,price to a dealer includes cost plus profit. Would you buy a vehicle if you had to pay the price plus fees for rent, wages, electricity, office supplies, etc.? Of course you would not, so why pay a dealer hundreds for a ten dollar document cost?

jgalindo1224jg · March 2015

Michaell said:

So heres what i go so far
2015 accord sport manual
Msrp 24685
Lease price 21062
Money factor .00039
Residual value (wasnt giving it)
Resudual % (wasnt giving it)
Miles 12k
Term 36 months
Supposely due montly 259 or 230 if fees tax paid upfront

Bank fee 595
Tax 789
The 500 cash lease cant be added supposely

Can you plug in any info missing if you can.
And if montly payments add up
If I use the MSRP of $24,685 and the lease price of $21,062 as the net cap cost, along with the .00039 MF and 36/12 residual of 58%, I get a pre-tax payment of $201.15. It would take a very high tax rate to get to $230 from there. Ask the dealer what the true net cap cost is - my guess it's higher than $21,062. If so, get them to explain how they arrived at that number.

Hey again by pre tax you mean me paying tax dmw and bank fee?

I dont want pay anything upfront so it would be added to the cap cost?

Michaell · March 2015

jgalindo1224jg said:

Michaell said:

jgalindo1224jg said:
So heres what i go so far
2015 accord sport manual
Msrp 24685
Lease price 21062
Money factor .00039
Residual value (wasnt giving it)
Resudual % (wasnt giving it)
Miles 12k
Term 36 months
Supposely due montly 259 or 230 if fees tax paid upfront

Bank fee 595
Tax 789
The 500 cash lease cant be added supposely

Can you plug in any info missing if you can.
And if montly payments add up
If I use the MSRP of $24,685 and the lease price of $21,062 as the net cap cost, along with the .00039 MF and 36/12 residual of 58%, I get a pre-tax payment of $201.15. It would take a very high tax rate to get to $230 from there.

Ask the dealer what the true net cap cost is - my guess it's higher than $21,062. If so, get them to explain how they arrived at that number.

Hey again by pre tax you mean me paying tax dmw and bank fee?

I dont want pay anything upfront so it would be added to the cap cost?

Pre-tax means before any sales tax is applied to the payment. My calculations always assume $0 down payment - that is not the same as $0 out of pocket at lease signing. If you want to add the tax, DMV fees and bank fees to the lease then the payment will go up.

jgalindo1224jg · March 2015

So would it be a fair price 249 me noy paying tax title 1st payment?

Or 220 me paying tax dmv and 1st payment

Michaell · March 2015

jgalindo1224jg said:

So would it be a fair price 249 me noy paying tax title 1st payment?

Or 220 me paying tax dmv and 1st payment

Every $1000 you add to the cap cost increases your payment by about $28/mo

jgalindo1224jg · March 2015

Michaell said:

Michaell said:

So heres what i go so far
2015 accord sport manual
Msrp 24685
Lease price 21062
Money factor .00039
Residual value (wasnt giving it)
Resudual % (wasnt giving it)
Miles 12k
Term 36 months
Supposely due montly 259 or 230 if fees tax paid upfront

Bank fee 595
Tax 789
The 500 cash lease cant be added supposely

Can you plug in any info missing if you can.
And if montly payments add up
If I use the MSRP of $24,685 and the lease price of $21,062 as the net cap cost, along with the .00039 MF and 36/12 residual of 58%, I get a pre-tax payment of $201.15. It would take a very high tax rate to get to $230 from there. Ask the dealer what the true net cap cost is - my guess it's higher than $21,062. If so, get them to explain how they arrived at that number.

Hey again by pre tax you mean me paying tax dmw and bank fee?

I dont want pay anything upfront so it would be added to the cap cost?
Pre-tax means before any sales tax is applied to the payment. My calculations always assume $0 down payment - that is not the same as $0 out of pocket at lease signing. If you want to add the tax, DMV fees and bank fees to the lease then the payment will go up.

So would 249 be a fair price including a 500 cash lease?

Or me paying tax dmv and 1st payment for it to come to 220?

fz1oa2 · March 2015

Looking for residual and money factor for the 2015 Accord EX-L 4 Cyl with 12k/year at 36 months in Ohio.

Thanks in advance,

John

bitdady · March 2015

Going to be signing papers tomorrow but need the residual for 2015 Honda Accord EXL in southern California. Thanks.

kyfdx · March 2015

fz1oa2 said:
Looking for residual and money factor for the 2015 Accord EX-L 4 Cyl with 12k/year at 36 months in Ohio.

Thanks in advance,

John

.00039 MF and 56% residual

kyfdx · March 2015

artthurr said:
Going to be signing papers tomorrow but need the residual for 2015 Honda Accord EXL in southern California. Thanks.

54% for 36mo, 15K/yr

buckeyes3333 · March 2015

Quick question on the MF. Everyone in here seems to be quoting leases with a .00039 MF (0.9 APR). Is this the norm right now for buyers with pretty good credit?

kyfdx · March 2015

buckeyes3333 said:
Quick question on the MF. Everyone in here seems to be quoting leases with a .00039 MF (0.9 APR). Is this the norm right now for buyers with pretty good credit?

That is the base money factor from Honda Finance for all Accord models, this month, assuming top tier credit.

bitdady · March 2015

@kyfdx @michaell
I first off want to thank both of you for being so positive and contributing to these boards. Without your vast knowledge and help, most of us wouldn't be able to get these great deals.

Also, thank you to all the people that have posted their deals wether they are good or bad, that information is invaluable. Enough of the hugs and kisses, here is the deals I got:

Two 2015 Honda Accord EXL
3yr/12000 mi-yr lease
.00039 MF
$16, 374 residual
$29, 240 msrp
$24, 101 vehicle price
$595 acquisition fee
$258 registration fee
$29 electronic transfer fee
$80 doc fee
$6.40 doc fee tax
$8.75 California tire fee
$2 charge for two years of oil changes at any Honda
Paid $649.13 upfront for advance monthly payment, registration, doc fee + tax, tire fee, and electronic transfer fee.
Monthly payment comes out to $266.98.
This deal was made at Honda World Downey (not Westminster). Tony Nguyen was my internet sales guy. He was awesome, very upfront and no bs. Thank you again to everyone.

deropus · March 2015

Hi, would you provide MF, RV, lease cash/incentives for Accord Plug In? 12k/36m and 15k/36m. Thanks!

kyfdx · March 2015

deropus said:
Hi, would you provide MF, RV, lease cash/incentives for Accord Plug In? 12k/36m and 15k/36m. Thanks!

Sorry, but we have no lease information on the Accord Plug-In Hybrid.

deropus · March 2015

Thanks.

shmike · March 2015

I'm looking for MF and RV on an Accord Sport & EX-L.

36/12 & 36/15 in South Florida.

Thanks!

Michaell · March 2015

shmike said:
I'm looking for MF and RV on an Accord Sport & EX-L.

36/12 & 36/15 in South Florida.

Thanks!

.00039 MF and 55% for 36/15 on the Sport.

Subtract 1% for EX-L. Add 2% for 12K.

digital_rebel · March 2015

Hi,
Can you please give me the numbers for an Accord Coupe EX-L V-6 MT, 36/10K and 36/12K.
Thank you

kyfdx · March 2015

digital_rebel said:
Hi,
Can you please give me the numbers for an Accord Coupe EX-L V-6 MT, 36/10K and 36/12K.
Thank you

.00039 MF and 53% residual for 36mo, 12K/yr.

Don't think that Honda does 10K/yr leases

neversatisfied · March 2015

Just some buying feedback,

I just leased a 2015 Honda Accord Sedan LX CVT Auto yesterday. $23,725 MSRP
($25,020 if you count the B.S. dealer markup for Nitrogen tire fill, Pinstripes, Window Tint, 1 Year exterior and interior protection, and Free lifetime power train warranty)

Monthly payments of $256 including FL tax for 36 month/12k miles a year. Ended up only paying my 1st month payment as total drive off $256. Also got 2 years Free Maintenance.

And of course all the dealer added B.S. previously mentioned... Window Tint, and 1 year exterior/interior protections, Nitrogen tire fill, and let's not forget those Pinstripes..... Ha!

Michaell · March 2015

neversatisfied said:
Just some buying feedback,

I just leased a 2015 Honda Accord Sedan LX CVT Auto yesterday. $23,725 MSRP
($25,020 if you count the B.S. dealer markup for Nitrogen tire fill, Pinstripes, Window Tint, 1 Year exterior and interior protection, and Free lifetime power train warranty)

Monthly payments of $256 including FL tax for 36 month/12k miles a year. Ended up only paying my 1st month payment as total drive off $256. Also got 2 years Free Maintenance.

And of course all the dealer added B.S. previously mentioned... Window Tint, and 1 year exterior/interior protections, Nitrogen tire fill, and let's not forget those Pinstripes..... Ha!

Congratulations - enjoy the new Accord!

buckeyes3333 · March 2015

Could anyone give me feedback on an offer I received on a 2015 Accord Sport?

MSRP: $25,485
SALE PRICE: $21,792
DOC FEE & TITLE: $283.50
TAX: 7.5%
MONEY FACTOR: .00039

12K LEASE: $255 (Tax included)
15K LEASE: $279 (Tax included)

Dealer wants $380 up front for doc/title/registration. Decent deal? Or should I push for lower?

Michaell · March 2015

buckeyes3333 said:
Could anyone give me feedback on an offer I received on a 2015 Accord Sport?

MSRP: $25,485
SALE PRICE: $21,792
DOC FEE & TITLE: $283.50
TAX: 7.5%
MONEY FACTOR: .00039

12K LEASE: $255 (Tax included)
15K LEASE: $279 (Tax included)

Dealer wants $380 up front for doc/title/registration. Decent deal? Or should I push for lower?

What lease term?

buckeyes3333 · March 2015

Michaell said:

buckeyes3333 said:
Could anyone give me feedback on an offer I received on a 2015 Accord Sport?

MSRP: $25,485
SALE PRICE: $21,792
DOC FEE & TITLE: $283.50
TAX: 7.5%
MONEY FACTOR: .00039

12K LEASE: $255 (Tax included)
15K LEASE: $279 (Tax included)

Dealer wants $380 up front for doc/title/registration. Decent deal? Or should I push for lower?
What lease term?

Sorry, forgot to include that. 36 months.

Michaell · March 2015

buckeyes3333 said:

Michaell said:

buckeyes3333 said:
Could anyone give me feedback on an offer I received on a 2015 Accord Sport?

MSRP: $25,485
SALE PRICE: $21,792
DOC FEE & TITLE: $283.50
TAX: 7.5%
MONEY FACTOR: .00039

12K LEASE: $255 (Tax included)
15K LEASE: $279 (Tax included)

Dealer wants $380 up front for doc/title/registration. Decent deal? Or should I push for lower?
What lease term?
Sorry, forgot to include that. 36 months.

Seems a decent deal - what is the tax rate where you live?

$3700 off sticker is not bad, but you might want to check out the "Accord Prices Paid" discussion for a more thorough review of your price. @brian125 will give you solid advice.

buckeyes3333 · March 2015

Michaell said:

buckeyes3333 said:

Michaell said:

buckeyes3333 said:
Could anyone give me feedback on an offer I received on a 2015 Accord Sport?

MSRP: $25,485
SALE PRICE: $21,792
DOC FEE & TITLE: $283.50
TAX: 7.5%
MONEY FACTOR: .00039

12K LEASE: $255 (Tax included)
15K LEASE: $279 (Tax included)

Dealer wants $380 up front for doc/title/registration. Decent deal? Or should I push for lower?
What lease term?
Sorry, forgot to include that. 36 months.

Seems a decent deal - what is the tax rate where you live?

$3700 off sticker is not bad, but you might want to check out the "Accord Prices Paid" discussion for a more thorough review of your price. @brian125 will give you solid advice.

Tax rate is 7.5%. Thanks for all of your help in this forum, it's truly appreciated.

elitox87 · March 2015

hi @michaell can i get mf/res for accord sedan EX 36/10k ny? thankyou.

Michaell · March 2015

elitox87 said:
hi @michaell can i get mf/res for accord sedan EX 36/10k ny? thankyou.

59% and .00039

2015 Honda Accord Lease Questions

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