Wanted to know if this is a good deal got quoted on a 2016 civic touring. Msrp 27,355 Sale price 24,969.70 Rv 59% MF .00083 595 aquisition fee 299 first month down plus tag 299 a month
Wanted to know if this is a good deal got quoted on a 2016 civic touring. Msrp 27,355 Sale price 24,969.70 Rv 59% MF .00083 595 aquisition fee 299 first month down plus tag 299 a month
That seems really low. Does this payment include sales tax, or are putting that down as well?
Wanted to know if this is a good deal got quoted on a 2016 civic touring. Msrp 27,355 Sale price 24,969.70 Rv 59% MF .00083 595 aquisition fee 299 first month down plus tag 299 a month
That seems really low. Does this payment include sales tax, or are putting that down as well?
I'm putting down the first month plus the aquisition fee and tag transfer. 1266
Based on previous posts, I think I know the answer, but would you please provide the MF, residual, and any incentives for a 2016 Civic EX? 36/12k Kansas 66502
Based on previous posts, I think I know the answer, but would you please provide the MF, residual, and any incentives for a 2016 Civic EX? 36/12k Kansas 66502
I have a dealership offering me a lease on an EX-T for $240 per month with a term of 36/10,000 miles. However, from what I've read on this forum, Honda doesn't offer 10,000 mile leases. Any idea where the disconnect may be? Seems like a decent price (essentially invoice plus bank/acquisition fee of $595 and tax 8.625%).
I have a dealership offering me a lease on an EX-T for $240 per month with a term of 36/10,000 miles. However, from what I've read on this forum, Honda doesn't offer 10,000 mile leases. Any idea where the disconnect may be? Seems like a decent price (essentially invoice plus bank/acquisition fee of $595 and tax 8.625%).
If this is in the greater NYC area, 10K leases may be available. If so, add 1% to the 12K residual.
Michaell - for some reason I'm getting e-mails from this thread that are wanting me to peek in on this thread. Do you know how to stop that from happening from here on out?
Michaell - for some reason I'm getting e-mails from this thread that are wanting me to peek in on this thread. Do you know how to stop that from happening from here on out?
Michaell - for some reason I'm getting e-mails from this thread that are wanting me to peek in on this thread. Do you know how to stop that from happening from here on out?
For both of these I get significantly less monthly payment when I plug the same numbers into a calculator. Am I missing something or are they doing something funny with the numbers?
The MF and Residual weren't printed on the sheet, I had to ask a couple times to get specific numbers for those.
For both of these I get significantly less monthly payment when I plug the same numbers into a calculator. Am I missing something or are they doing something funny with the numbers?
The MF and Residual weren't printed on the sheet, I had to ask a couple times to get specific numbers for those.
.00083 and 61% for 36/12 on EX-L with navi. How is the trade allowance of $2000 being applied?
That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
So... a $1700 discount, but with a $700 doc fee. lol
Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax. Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction. Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.
Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.
One note.. looks like $24535 is the MSRP, not the selling price.
That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
So... a $1700 discount, but with a $700 doc fee. lol
Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax. Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction. Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.
Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.
One note.. looks like $24535 is the MSRP, not the selling price.
This is what I'm sort of confused about and let me know if I'm doing this right.
As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)
That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
So... a $1700 discount, but with a $700 doc fee. lol
Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax. Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction. Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.
Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.
One note.. looks like $24535 is the MSRP, not the selling price.
This is what I'm sort of confused about and let me know if I'm doing this right.
As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)
Am I not doing it correctly?
Not sure where the disconnect is .. with those numbers, I get $216/mo with tax included
That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
So... a $1700 discount, but with a $700 doc fee. lol
Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax. Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction. Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.
Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.
One note.. looks like $24535 is the MSRP, not the selling price.
This is what I'm sort of confused about and let me know if I'm doing this right.
As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)
Am I not doing it correctly?
Not sure where the disconnect is .. with those numbers, I get $216/mo with tax included
Yea I'm not sure either because now I'm calculating a payment more than what you are.....
So as of now we're calculating about 220-230 for a lease on an estimated cap cost of 22540 with the above residual and MF... and this is with nothing down and no trade in. Not bad in my eyes but still much lower than what they are quoting me as they are saying 220/month WITH my $2,000 trade-in AND $1500 cash down.
I guess obviously I should focus on negotiating the lowest CAP cost and then from there they should be taking that 2,000 of the CAP price so in that case would be bring monthly payments down to around $176 from what I calculated.
That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
So... a $1700 discount, but with a $700 doc fee. lol
Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax. Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction. Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.
Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.
One note.. looks like $24535 is the MSRP, not the selling price.
This is what I'm sort of confused about and let me know if I'm doing this right.
As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)
Am I not doing it correctly?
Not sure where the disconnect is .. with those numbers, I get $216/mo with tax included
Yea I'm not sure either because now I'm calculating a payment more than what you are.....
So as of now we're calculating about 220-230 for a lease on an estimated cap cost of 22540 with the above residual and MF... and this is with nothing down and no trade in. Not bad in my eyes but still much lower than what they are quoting me as they are saying 220/month WITH my $2,000 trade-in AND $1500 cash down.
I guess obviously I should focus on negotiating the lowest CAP cost and then from there they should be taking that 2,000 of the CAP price so in that case would be bring monthly payments down to around $176 from what I calculated.
I would suggest that you get the dealer to cut you a check for the trade equity - not a good idea to use it as down payment. If the new car is stolen or totaled, you lose that money.
That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
So... a $1700 discount, but with a $700 doc fee. lol
Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax. Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction. Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.
Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.
One note.. looks like $24535 is the MSRP, not the selling price.
This is what I'm sort of confused about and let me know if I'm doing this right.
As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)
Am I not doing it correctly?
The doc fee is already part of that CAP cost.. Don't add it in, again.
In reality, you are putting about $3200 down, then $220/mo. That's kind of pricy for a Civic. Have you shopped other dealers, to see if they will beat it?
Hi, I'm just confirming the money factor and residuals on a 2016 Honda Civic Ex with Sensing with 15K miles a year for 36 months. From what I gather in the posts, I'm figuring its .00083 and 60%, is that right?
Hi, I'm just confirming the money factor and residuals on a 2016 Honda Civic Ex with Sensing with 15K miles a year for 36 months. From what I gather in the posts, I'm figuring its .00083 and 60%, is that right?
I'm totally confused as I read through this thread. I've been negotiating with local dealers for awhile and their numbers are not even remotely close to what you have listed here.
I am looking at an EX-L with Honda Sensing in Nashville, 36/12 lease, top tier credit. "Online Price" for the car is $24,271. Although I should be able to get a little better price than that. Tn Sales tax is 9.25%
Based on what I have been reading in this thread, I should be getting offers for 0 due at signing and well under $300/month. However, the best offer I have at this time is 0 due at signing and $344/month.
Can any of you help with laying out potential reasons why my quote is so much different than what anyone else is talking about? I have no trade in vehicle, so no negative equity to roll into the quote.
Help with information to approach the dealer with at the end of the month to get the payment down to a reasonable offer would be greatly appreciated!!
I'm totally confused as I read through this thread. I've been negotiating with local dealers for awhile and their numbers are not even remotely close to what you have listed here.
I am looking at an EX-L with Honda Sensing in Nashville, 36/12 lease, top tier credit. "Online Price" for the car is $24,271. Although I should be able to get a little better price than that. Tn Sales tax is 9.25%
Based on what I have been reading in this thread, I should be getting offers for 0 due at signing and well under $300/month. However, the best offer I have at this time is 0 due at signing and $344/month.
Can any of you help with laying out potential reasons why my quote is so much different than what anyone else is talking about? I have no trade in vehicle, so no negative equity to roll into the quote.
Help with information to approach the dealer with at the end of the month to get the payment down to a reasonable offer would be greatly appreciated!!
Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them?
Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them?
36/12 RV for Civic Touring is 59%. Dealers cannot modify the residual value; they are set by the bank.
Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them?
You've changed your model. In the first question, it was EX-L with sensing, now asking about Touring?
Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them?
You've changed your model. In the first question, it was EX-L with sensing, now asking about Touring?
Nope I have always been asking about touring sorry if you miss understood or confused me. But we got it all cleared up now. Thanks Michaell
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Thanks in advance!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Sale price 24,969.70
Rv 59%
MF .00083
595 aquisition fee
299 first month down
plus tag
299 a month
36/12k
Kansas 66502
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In NJ if that makes any difference.
Thank you.
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61% for 12K
Honda does not offer a 10K per year option
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2021 Kia Soul LX 6-speed stick
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1st offer 36/12k, no $ down:
Selling price: 24,535 (Sticker price was 24,700)
Adjusted price: 22,815
Doc fee: 697
Trade allowance: 2000 (trading in old car)
Tax 57
Non-tax fees: 797 (not sure what this is?)
"net price: 22,483
MF 0.00083
Residual 16,438
$265/month
2nd Offer: 36/12k, $1500 down
Similar numbers: adjusted price 22,815
Doc fee 697
trade-in 2000
Tax 114
nontax fees 797
$220/month
For both of these I get significantly less monthly payment when I plug the same numbers into a calculator. Am I missing something or are they doing something funny with the numbers?
The MF and Residual weren't printed on the sheet, I had to ask a couple times to get specific numbers for those.
What state and tax rate is this?
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That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.
On the worksheet here's all that is listed:
Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67
And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.
Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax.
Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction.
Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.
Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.
One note.. looks like $24535 is the MSRP, not the selling price.
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This is what I'm sort of confused about and let me know if I'm doing this right.
As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)
Am I not doing it correctly?
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So as of now we're calculating about 220-230 for a lease on an estimated cap cost of 22540 with the above residual and MF... and this is with nothing down and no trade in. Not bad in my eyes but still much lower than what they are quoting me as they are saying 220/month WITH my $2,000 trade-in AND $1500 cash down.
I guess obviously I should focus on negotiating the lowest CAP cost and then from there they should be taking that 2,000 of the CAP price so in that case would be bring monthly payments down to around $176 from what I calculated.
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In reality, you are putting about $3200 down, then $220/mo. That's kind of pricy for a Civic. Have you shopped other dealers, to see if they will beat it?
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Looking for Residual and MF on both EX-T & EX-L 36/12
Thank you!!
EX : 62% residual
EX-L: 60% residual
Touring: 57% residual
I think the coupe uses the same .00083 MF as the sedan.
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Can you provide numbers for Civic Sedan EX-L with Nav for 36/12?
Thanks!
.00083 and 61%
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I'm just confirming the money factor and residuals on a 2016 Honda Civic Ex with Sensing with 15K miles a year for 36 months. From what I gather in the posts, I'm figuring its .00083 and 60%, is that right?
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I'm totally confused as I read through this thread. I've been negotiating with local dealers for awhile and their numbers are not even remotely close to what you have listed here.
I am looking at an EX-L with Honda Sensing in Nashville, 36/12 lease, top tier credit. "Online Price" for the car is $24,271. Although I should be able to get a little better price than that. Tn Sales tax is 9.25%
Based on what I have been reading in this thread, I should be getting offers for 0 due at signing and well under $300/month. However, the best offer I have at this time is 0 due at signing and $344/month.
Can any of you help with laying out potential reasons why my quote is so much different than what anyone else is talking about? I have no trade in vehicle, so no negative equity to roll into the quote.
Help with information to approach the dealer with at the end of the month to get the payment down to a reasonable offer would be greatly appreciated!!
Thanks!
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Sales price listed above includes Destination.
Thanks.
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2016 EX-T Civic Sedan with sensing
36/10
36/12