Lease quote..
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?
Can it get much better than that? Opinions?
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 $$ is a click or two away
Could you get better than $499 for 48mos with $1,800 down ? Maybe, maybe not
Last week I got a 5AT, no Navi for No money down, 48 mos, $425/mo. All DMV, taxes, and doc fees were included, I gave the dealer $0. BUT and this is a big but. American Honda is no longer offering Balloon deals.
When determining if a lease is a good deal, forget about what the monthly payment is, you can figure that out yourself. What you must get before you sign any deal is:
1) Retail cost of car ($36,000 ?)
2) Your cost of car ($34,000 ?)
3) rate factor (money factor)
4) Residual (should be around 50%) could vary based on mileage chosen
5) Mileage included in lease
6) Your home tax rate
Get these figures and coming up with the monthly $$ 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.
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08_UA7_Gr33k
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lanechanger
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