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46,859But, you have to keep in mind that the property tax is based on the value of the vehicle.. I leased a $54K MSRP car for $335/mo, a couple of years ago...

$335 isn't a very big lease payment, but the property tax was the same as if I'd purchased the car... about $800/yr (gulp)..

MODERATORPrices Paid, Lease Questions, SUVs

9,9662001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

5,344Had I known the property tax still wouldn't have kept me from leasing, still needed a vehicle.

Finance guy didn't mention taxes was in addition to monthly payments. Guess he figured I should have known that. LoL

46,859MODERATORPrices Paid, Lease Questions, SUVs

11I'm looking to lease a 2013 Honda Civic EX-L for 3 years and 36,000 miles.

Am I right that the best money factor being offered by Honda Financial is 1.42% or (.00059)?

What is a good residual for this model and trim? 61 percent? Do I include the destination charge when calculating the residual price?

Anyone use TrueCar to negotiate the lease deal?

Thanks,

Manny

2$First month's payment down (nothing else due at signing)

$275/per month

11Did you negotiate a price on the vehicle?

Did they tell you the money factor/interest rate?

46,859Depending on your state, the money factor on "Zero due at signing" leases is either .00059 or .00009.

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

11Honda Civic EX-L (w/o navigation)

Does the 57% residual include the MSRP and Destination fee?

With those two figures the

Total Price is $23,055 (includes destination charge)

Sale Price is $20,828

Residual Value: $13,141.35

Depreciation amount is $7,140.65

Money factor: 0.00059

Sales tax: 8.875% (NYC)

I came up with $254.46 a month for 36 payments

Does that sound right? Am I missing anything? I know I don't have all the fees in there.

46,859Your number is about right... You'll have an acquistion fee, doc fee (which is capped in NY.. under $100), and title/registration fees.. Also, tax in NY is based on the sum of payments plus any down payment.. then paid upfront (or added to the cap cost). This changes the tax calculation slightly, but not a lot...

If you roll everything in, with just 1st payment due at signing, you should be around $280-$285/mo. all in, given the numbers you provided..

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

11Does the 57% residual include the MSRP and Destination fee?

With those two figures the

Total Price is $23,055 (includes destination charge)

Sale Price is $20,828

Acquisition Fee: $595 (didn't see this listed on my last lease contract but I'll include anyway)

NY State Inspection Fee: $10

Dealer Doc Fee: $75

License and Title: $221.50 (moved from another state so needed new NY plates)

NYS Waste Tire Fee: $12.50

Adjusted Cap Cost: $21,742 (added all the fees listed above...this are the fees from my last lease)

Residual Value: $13,141.35

Depreciation amount is $7,140.65

Money factor: 0.00059

Sales tax: 8.875% (NYC)

I came up with a lease payment of $281.89 / month

Depreciation charge is $238.07

Finance Charge is $20.84

Sales Tax is $22.98

Sound about right? Can I just negotiate the acquisition fee into the sale price of the car? I think I may be able to lower this payment with reduced license and title fees since I can use the same plate on my current vehicle.

Is the residual the same on the EX?

Thanks for the verifying the numbers.

46,859They can always add the acquisition fee to the CAP cost, but you won't get out of it..

MODERATORPrices Paid, Lease Questions, SUVs

5$1800 down/ 36 months and 12,000 miles per year for a month of $220 in New Jersey

Help me everyone!~

Thanks~

1111Has anyone else ever had this kind of experience? I'm still taken back by it. I go in there thinking that if I don't feel like haggling it'll be 210 a month plus NYC taxes (8.875%). The math isn't exact but it's approximate. So nothing down, besides maybe those incidental fees, and it'll be about $229 a month. I still can't believe it. And this is after going back and forth all day on the number for an EX model and an EX-L model. The EX was cheaper than the LX earlier today. I just had to let you guys know. I'm shocked.

473Bill G

5473Bill G

5At first, they weren't even going to give me $220 because I still have one payment left for my CR-Z and they said if they have to pay for my last payment the best they can do was $237 per month. Of course, I wasn't happy about it and keep going back and forth on the price to get $220. Do you think it is a good deal for $220 a month?

473Bill

5What is the itemized details you need in order to know?

2013 Honda Civic EX- 4 Dr and 4 Cylinder Engine, 12,000 miles per year, 36 months, downpay $1800, I have the college grad specials for $220 a month. Where would I find the details? Thank you!

473Bill

22013 CIVIC EX-L w/NAVI

First month's payment due at signing.

$265 per month including everything

36K miles (12K/year)

Just the black/black beauty today. So far loving it.

11115473Bill

11Thanks for the encouragement. The best offer I got from them was $215 a month w first month and the DMW fees. But they said they can't do it with Honda Financial. They need to go w a different finance company. Does this sound right? I'm emailing other dealerships. They're being evasive. I guess I need to expand the search further.

Thanks,

Manny

473It's getting close to the end of the month, so that might help you a little.

Let us know how you make out.

Bill

11Thoughts?