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MODERATOR /ADMINISTRATOR
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I am struggling with Honda to pay me back for the repairs. I clearly got a lemon. what do I do? and How do I get them to pay up? ad how do I get another car? i went with Honda because I thought they were great and lasted forever with no problems.
(1) Embedding the capitalized first payment in the sell price. This is clearly inappropriate as all capped items, including first payment, should be disclosed as amounts financed (i.e., capitalized) and not embedded or hidden in a previously agreed upon value or selling price. Once determined, the sell price is consecrated ground and should never be changed. Doing otherwise can cause problems like levying sales tax on sales tax which is illegal in Ohio.
(2) In states that treat taxes similar to the treatment given in Ohio, taxes are based on total payments and collected upfront. If the first payment is capitalized in, say, a 36 month lease; American Honda multiplies the tax rate by the monthly payment and that product, in turn, is multiplied by 36 instead of 35. This is inappropriate because the capitalized first payment is captured or annuitized by the remaining 35 payments. I have confirmed this with the State of Ohio's Sales and Use Tax Division. However, in the state of New York, it is perfectly legal to multiply by 36 and compute sales tax on sales tax. Apparently, potential constitutionality issues haven't been addressed or challenged yet.
I have an AHFS Lease Worksheet of a lease originating in Ohio that details these flawed calculations and I would like to post them as well as post the correct methodology. The question is what is the appropriate forum in which to post? After examining all the forums, I can't seem to find one that would be a good fit. It's certainly an interesting issue for all F&I folks as well as consumers that are fans of sign and drive leases.
John
MODERATOR /ADMINISTRATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
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If you're looking for leasing info, the Prices Paid: Buying & Leasing Experiences board is the place to be.
Thanks for any advise.
Scott
tidester, host
SUVs and Smart Shopper
Chevy C/K Series Maintenance and Repair
Older Chevy and GMC (20+ years) C/K Series Engines
kcram - Pickups Host
Check these out too:
Honda Accord vs Nissan Altima
Article Comments - 2008 Honda Accord Coupe vs. 2008 Nissan Altima Coupe
tidester, host
SUVs and Smart Shopper
One of the main reasons I purchased the truck was for my hobby of fishing ect...beach access and towing a small boat. With the new job and little one I dont have time for that anymore.
With that being said I've been in love with the 3rd gen Acura TL's.
My wife and I own three cars...98 VW beetle and 96 Vette. The VW was paid off years ago and she owes about the same as what I owe on the truck. The VW is her daily driver and the Vette just doesnt get used like it once was.
One option I was considering was trading in my truck.
I'm just looking for some advice on what, if anything I should do here.
Thanks
The Please help me decide between... discussion would be another good place to post.
I am currently looking for a new car and the best lease prices. i was wondering if anyone knows about these lease brokers and if they are legit. They seem to have become very popular and i was just wondering if anyone has any experience with one. they claim to have the lowest prices.
thanks
steve
You may see a link now and then if you follow the 2007 Honda Civic GX blog too - Edmunds is testing a Civic GX in the long term fleet.
please provide any information here or direct me to the correct forum.
thanks
tidester, host
SUVs and Smart Shopper
tidester, host
SUVs and Smart Shopper
I am trying to do all of this over email or phone and just don't want to pay more than the TMV of the car. thanks
kcram - Pickups Host
So, if you wanted a four cylinder vehicle with a 2.4l engine that gets 24 mpg and has AC, you could do use this for a search term:
24 mpg ac 4 cyl 2.4l site:edmunds.com
I don't know of a way of drilling it down with a fancy form or check boxes.
The Top 10 Lists may help.
kcram - Pickups Host
I was told that the pan is bent and since it is an older car no one will touch it.
Is there any alternative ways to change my oil?
kcram - Pickups Host
I hope to soon sell (or possibly trade in) my 1996 Acura Integra GS-R (70,000 miles). However, currently it needs a new radiator and other parts. My local auto shop has given me a bid of $700 for parts and labor.
Should I have them repair it before I try to sell or trade it? Thanks in advance for any advice.
tidester, host
SUVs and Smart Shopper
any help is greatly appreciated