Lease quote..

Thread Tools
 
Search this Thread
 
Old Apr 9, 2004 | 10:25 AM
  #1  
340HP's Avatar
Thread Starter
Instructor
 
Joined: Apr 2004
Posts: 180
Likes: 0
From: NYC, NY
Lease quote..

NAV + 6 speed: 48 months, $1800 out of pocket (including a refundable $500 security deposit), $499 per month. Working from a base price of $34,000 (roughly $2000 off retail).

Can it get much better than that? Opinions?
Reply
Old Apr 9, 2004 | 11:31 AM
  #2  
roadman's Avatar
Burning Brakes
 
Joined: Apr 2001
Posts: 769
Likes: 2
From: NY
Forget the $500 deposit unless you buy the vehicle at the end of the lease, otherwise count it towards the disposition fee.

When determining if a lease is a good deal, forget about what the monthly payment is, you can figure that out yourself. What you must get before you sign any deal is:

1) Retail cost of car ($36,000 ?)
2) Your cost of car ($34,000 ?)
3) rate factor (money factor)
4) Residual (should be around 50%) could vary based on mileage chosen
5) Mileage included in lease
6) Your home tax rate

Get these figures and coming up with the monthly $$ is a click or two away

Could you get better than $499 for 48mos with $1,800 down ? Maybe, maybe not

Last week I got a 5AT, no Navi for No money down, 48 mos, $425/mo. All DMV, taxes, and doc fees were included, I gave the dealer $0. BUT and this is a big but. American Honda is no longer offering Balloon deals.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
CarlosILX13
ILX Performance Parts & Modifications
14
Jul 11, 2016 11:07 AM
08_UA7_Gr33k
Member Cars for Sale
13
Feb 11, 2016 02:17 PM
lanechanger
Member Cars for Sale
4
Oct 13, 2015 10:56 AM
jmaxima03
Member Cars for Sale
1
Sep 27, 2015 10:22 AM




All times are GMT -5. The time now is 08:46 PM.