i read many posts about the deals people have been getting...seems most of the deals are for purchases...can someone tell me if this lease deal is decent?

Lease:
AT w/o Navi
42 months, 15K miles
$650 due at signing - doc fees and all that good stuff
$456 a month (tax included)
Protection Package included

thanks!

 

Sounds damn good to me....I put almost $3000 down for $400/mo....your deal sounds comperable

 

vtec:

thanks for the reply.

ya, the 650 was only a down payment...they still want first month's lease, which is 456 when i pick up the car...was that your case also?

 

A lease or a purchase, you still "haggle" the same. It's all about the discount or how much they are willing to move off of MSRP regardless if you are buying or leasing. When buying, it's called the purchase price and when leasing it's called the capital cost.

From the leases I've ran recently on the TL, it appears as if you did indeed get a decent deal and they moved roughly $1,300 off of MSRP for you (+/- $100).

 

tripp:

thanks for the info! they orignally wanted 486 a month. so 1260 off MSRP.

is there a way to confirm that $486 came from the MSRP cost of the car? is there a formula to calculate this?

 

www.leaseguide.com

this should answer all of your questions regarding a lease. plus they have a lease calculator on there which will help you tie out to the penny on your lease specifics.

 

My 3g's covered the down, 1st month, registration fees and the like. Again, it sounds like a pretty solid deal. Please update us on how you do.

What color are you looking at??

 

i got mine for $38200 out to door with protection package... gave 6000k down, and financed the rest under my dad's name for 5 years of rate @ 3.99% for 5 years and payment came out to $594.00....

 

thanks again tripp and vtec

im looking at the white one w/o navi

 

Thats what I've got....WDP w/ quartz interior and no navi... I kind of regret no navi...its not that I need to know where I am going, but all of the voice commands and the screen looks a little nicer than my display. Also, the clock display at the top of the dash is much more useful on the navi models (it displays climate control and radio info). Either way, I'm sure you will enjoy the car as I have.

 

I was just quoted:

Auto/Nav
42 months
15k miles/year

$2,000 down (first payment, doc, dmv, cap reduction)

$474 a month

What do you guys think?

I heard somebody on this board had the same deal but their payments were $445.

 

Considering I put $1K more down for no Navi w/ payents at $400, sounds pretty reasonable to me.

 

Cable, I'm in NJ. I think you had a good deal. What was the $650 for? DMV fee and $157 for Documentary fees and bank fee?

My deal:
DGP 5 AT non-nav.
42 months
15K per year
$453 per month including taxes
Splash guards, trunk tray, wheel locks and extra master key included.

"No money down lease" $550 bank fee (Honda Financial), $129 DMV fee and $157 documentary fees

 

thanks for the info everyone...

my final quote was:

no navi
$650 down (including first month, doc fees, etc.,)
$456 a month
15K miles a year
pro pack

 

navi was tempting though...

haha

 

Well.. I guess I will share my lease details.

On November 29th I did the following lease:

2004 TL SSM no/Navi 15k a year (5-AT)


MSRP: 33,195
Agreed upon value of vehicle: 31,695

Amount due at lease signing (details)
Cap Cost Reduction: 1,000
Advance monthly payment: 454.92
Refundable Security Deposit: 475.00
Registration Fees: 118.90
----------------------------------Total: 2048.82

Lease breakdown:
Gross cap cost: 32,971.60
Cap Cost: 1,000
Adjusted Cap Cost: 31,971.60
Residual Value: 19,585.05
Depreciation :12,386.55
Rent Charge: 3,990.60
Total Base payments: 16,377.15
Lease Payments: 36
-------------------------------
Total Montly Payment: 454.92

Excessive Wear and Use: excess of 15,000 miles per year at rate of (15) cents per mile

Purchase option at end of lease: 19,585.05


Total cost of lease: 37,081.07

Estimated fees and taxes during lease term: 1,083.30

---------------------------------------------------

That was a month ago I did that so you guys should now be getting more than 1,500 off MSRP. You guys should be pushing 2k off MSRP now.