Last post on Dec 09, 2013 at 5:17 PM
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Honda Accord, Car Leasing, Coupe, Sedan
#5209 of 5565 Re: May MF/Residual #s for Accord EX-L V6 w/o NAV [badger1994]
May 08, 2013 (3:32 pm)
Good catch, you're absolutely right the residual value is indeed 57%. Sorry about the confusion. The money factor is still .00089.
Prices Paid: Buying & Leasing Experiences Forum
#5210 of 5565 2013 Honda Accord EX-L V6
May 08, 2013 (3:37 pm)
Car Man. Hoping you can assist as well...badger was gracious enough to provide his input.
Here are the numbers and description provided on the 4 square from the dealer:
Savings (dealer term)2329.00
Cap Cost 28811.00 (why isnt that 28311.00?)
Total Add on 652.00
Sales Tax 1063.00
Dealer/State Fees 1295.00
Total Price 31822.24
Net Residual 17127.00
Drive Off 1528.85
With these numbers, I was quoted a monthly payment of $344.82 with $3000.00 down on a 12000 mile/year lease.
Any help or guidance you can provide would be appreciated.
#5211 of 5565 Re: May MF/Residual #s for Accord EX-L V6 w/o NAV [Car_man]
May 08, 2013 (4:26 pm)
Thank you very much for following up Car_man.
#5212 of 5565 Re: 2013 Honda Accord Sedan EX-L V6 [jim_321]
May 08, 2013 (4:37 pm)
Feel free to use the quote. However, I don't think a dealer in FL will care about a quote from NY. It's not like you can walk and actually take advantage of that quote, so there's not much of a threat. It's more advisory than anything I think.
I can't get your numbers to work when I plug them into my Excel sheet, so I can't tell you how much your payment will go down by increasing the residual by 2%. However, I can tell you that for my quote, it goes from $328.76 pre-tax to $312.17 pre-tax.
Please note that Car_man has confirmed the 57% residual figure, so making this comparison is just an academic exercise at this point.
#5213 of 5565 Re: 2013 Honda Accord Sedan EX-L V6 [badger1994]
May 08, 2013 (4:59 pm)
Thanks Badger. I just received another quote via email:
After the Edmunds Price Promise Discount we would be happy to offer that vehicle to you at $27,606.39 plus taxes and fees.
That price includes our Lucas Honda Protection Package which includes items such as mud guards, door edge guards, wheel locks and a cargo tray.
The original dealer was charging $652.00 for the protection package so this seems like it may be promising, dependent on dealer fees.
#5214 of 5565 Re: 2013 Honda Accord Sedan EX-L V6 [jim_321]
May 08, 2013 (6:15 pm)
Better than a quote, I can tell you what my mother just closed on this evening at New Rochelle Honda in Westchester, NY. The internet quote was $328.76 pre-tax with bank fee rolled in. She negotiated it down even further by taking a car in inventory.
2013 EX-L V6
Silver w/black leather
options: cargo net and remote engine start
$320.47/month pre-tax ($340.82 after tax)
$1,446.93 due up front (note that the bank fee is rolled into the lease)
- 1st month payment (post-tax)
- CT taxes $779.11 (for some reason, they calculate it tax on tax. I can't figure out why. Car_man to the rescue?)
- Plates $152
- Tire recycle and related docs $87.50
- DMV $87.50 (Usually $97.50, but $10 less b/c she moved the plates over from the leased car she's returning this weekend.)
Other: Credit score in the highest tier
#5215 of 5565 2013 Accord Coupe V6 with Navigation
May 09, 2013 (8:05 am)
Can you give me the residual on a 2013 Accord Coupe EX-L V6 with Navigation 36 month lease 15,000 miles? I hope to close a deal very soon! I am assuming the MF is the same .00089 for top tier credit on this vehicle as well. Thanks!
#5216 of 5565 Lease terms for Accord Sport sedan
May 11, 2013 (3:43 pm)
I would appreciate the current May lease residual and MF for a 2013 Accord Sport sedan (6-speed manual) for 3 yrs/12K per mile lease.
#5217 of 5565 2013 LX stick
May 14, 2013 (8:11 pm)
Hey guys. I'm totally new to leasing and I have been debating on financing a new LX stick. The dealer is coming at me with 248 and the only thing down is 772 (all taxes and fees). I'm getting the car for 19990. The dealer adds on top of that 559 for there accessories. There payment is 248 a month for 36 months and 12k a year in mileage. I been messing with numbers using the money rate and residual percent I found on the site and i'm getting a payment of 208 pre tax. Is that right? I'm using the 62 percent residual and .00089 mf.
#5218 of 5565 Accord V6 Coupe No Navi
May 14, 2013 (8:43 pm)
Hi Carman, I believe the money factor is .00089 Base Rate and residual is 53%, is this correct? This is for a 13 Accord Coupe no navi. How much more would a 15k lease be from a 12k? In other words if a dealer gives you a lease quote for 12k how much more can they mark up the payment and how is this calculated?
Also, you say it's good to roll the AHF lease fee of $595 and any dealer fees into the lease payment, is that correct? Do all Honda dealers have 2% holdback? Also, if they quote $27800..including destination which is basically invoice for this car, is that what they paid or did they pay $790 less than the price quoted? Is there good wiggle room of at least $500 less for the cap cost? I got quoted $27800 including dest but not the dealer $699 and $595 finance fee. Basically $29100 and zero down for a $418 payment including tax. I know I can go down a bit from this. What do you think and sorry for the long reply. Oh, is there any Honda cash this month on leases that can be applied? Thanks!