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$2199 due at signing =
$209 1st payment
+$595 acquisition fee
+ $1395 down payment
$18794 + $1395 = $20,189 selling price
$21845 MSRP - $20,189 selling price = $1656 dealer discount (this is inclusive of the $1200 incentive)
.00105 MF and 57% residual
$208.98/mo.
Since the dealer is only discounting $456, in addition to the incentive, you can see how they'd have some more room to come down, and beat the advertised deal.
(not including tax, dealer fees or DMV fees)
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I'm new to car purchasing/leasing and am interesting in leasing a 2018 Honda Civic EX Hatchback.
I got a quote for 20,600 and talked it down with a dealership to 20,400.
I would ultimately like to lease but didn't tell any of the dealerships i'm speaking to yet.
I know the new year model is coming out and would like to get the lowest price possible.
I tell them the price and they ask which dealership gave you this quote, one even asked for me to email them the eQuote.
How should I proceed? And kind of incentives available?
Also are incentives included in the quote price?
And I just got a quote over text for $19,629 - not sure how accurate and legitimate this is from Honda of Freehold, NJ.
Some of the other dealerships are asking for proof of quote.
thank you!
thank you!
.00105 and 53% (EX-T HS) or 54% (Hatch EX)
$1000 lease cash for sedan
$800 lease cash for hatch
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1200 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2018 Civic Sedan EX-T CVT with Honda Sensing.
3 years / 15,000 year
Any inflated acquisition fee or other types of fees?
MSRP 23,500
Sales 20,500
MF 0.00105
3 year / 15,000
$268 a month
This is my goal ^
Thank you.
Thanks
Thanks
$1000 lease cash
Honda dealers can't markup the acquisition fee ($595).
CA dealer doc fee is $80 (max)
CA DMV fees should be around $250-$275.
Monthly payment is taxed at your local rate.
I get $258/mo.+tax using your numbers, assuming all other charges are paid upfront.
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$800 lease cash
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Civic Hatchback LX manual
Civic Hatchback Sport manual
Thank you!
"Selling" price: 19210
Lease terms: 2000 down with $240/24 months
MF: .00105
Residual (63% of MSRP): 14008
36/12
.00105 and 57% (LX) or 58% (Sport)
$800 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Why put $2000 up front on a lease? We recommend just first payment and DMV costs - around $500 total, roughly.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Only 3 options were given to me, down payments of 2k, 3k, or 4k. Didn't realize 0 down payment was an option! To be honest, I intended to purchase for $19900, but the $19210 lured me in, especially since I will need to get rid of the car in 2 years and the tax savings looked appealing.
Whoops, sorry for overlooking this.
.00105 and 65% / 59%
$1000 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00105 and 65% / 59%
$1000 lease cash
Thanks Michaell. Probably somewhat of a newbie question but what exactly is lease cash? Also, a Civic SI with MSRP of 24,995 and selling price of $23,943. The lease payment before tax is coming out to $255. Does that make sense? Please note I didnt include lease cash in my calc.
That's not cheap.
With the good resale you get from a Civic, I'd just buy it.
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Thanks Michaell. Probably somewhat of a newbie question but what exactly is lease cash? Also, a Civic SI with MSRP of 24,995 and selling price of $23,943. The lease payment before tax is coming out to $255. Does that make sense? Please note I didnt include lease cash in my calc.
In this case, the lease cash is a Honda-to-dealer incentive, so it should be reflected in a lower selling price.
$255/mo for what term/mileage?
What is the amount due at signing?
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The dealership offer is $2499 down (covers taxes, acquisition fee, doc fee, first month payment and tag fee) with payment at 277 at 36/12. The 255 number was my own calc based on lease payment only. Car price is 23,282.
Let me know your thoughts .Thanks for the input.
$255/mo for what term/mileage?
What is the amount due at signing?
The dealership offer is $2499 down (covers taxes, acquisition fee, doc fee, first month payment and tag fee) with payment at 277 at 36/12. The 255 number was my own calc based on lease payment only. Car price is 23,282.
Let me know your thoughts .Thanks for the input.
$23282 appears to be the adjusted CAP cost.
Let's look at the $2499 upfront
$277 1st payment
$595 acq.fee
$200 DMV fees
$740 tax
That's $1812.
$687 more to account for: Big dealer/doc fee? CAP cost reduction?
Considering the $1000 lease cash, $23282 doesn't seem all that great. It's only $713 of extra discount, once you take into account the incentive.
I think you can do better than this.
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2018 Civic Hatch Sport, EX and EX/w Honda Sensing
24/36 at 12K/yr
91780
thank you!!!
$800 lease cash
64%/58% residual for 24/36 months
Except EX w/Sensing: 62%/56% residual
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Civic Sedan EX-L
Civic Sedan Touring
$1000 lease cash
55%/52% residual for EXL/Touring
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Trim: Civic Hatchback Sport M/T
MSRP: $22,645
Negotiated Price: $20,476
Doc Fee: $80
Taxes: $1,799
Lic&Fees: $334.75
MF: Tier 1 (unsure of MF)
RV: ???
Lease Cash: ???
Monthly Cost (tax included): $310.59 ($1K down), $280.91 ($2k down), $251.23 ($3k down), $221.55 ($4k down)
Here are the monthly's I got doing my own lease calculation using the following
RV: 58%
MF:0.0105
Sales Tax: 7.75%
Lease Cash: $800
Acquisition Fee: $595
Other Fees: Same as above
Monthly (tax included): $254 ($0 down), $220 ($1k down), $189 ($2k down), $158 ($3k down), and $127 ($4k down)
$22,130 MSRP
$19,599 Sell Price (11% discount)
.00105 Money Factor
57% Residual Value for 3/12k Lease
$1000 Lease Cash
$883.75 Non-tax fee ($595 Acquisition Fee + $288.75 DMV Fees)
$0 down - $290/month
$1,500 down - $244/month
$2,500 down - $214/month
(All of these don't include doc fee, tax, non-tax fee, and first month payment, which are out of pocket at signing)
Am I doing my math wrong, or are these monthly payments way high? Needless to say, I did not accept the offer.
2) The lease cash is a Honda-to-dealer incentive. You won't be able to deduct that from any offered price, though it isn't clear if their selling price is for purchase or lease.
So, try it again, adding the $595 fee, and ignoring the lease cash.
Or, just ask the dealer for the adjusted CAP.
Or... find another dealer. $1000 upfront + $310/mo. would be a terrible deal for a $23K MSRP vehicle.
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36/12
.00105 MF
$1200 lease cash
56% residual
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Thank you.
36/12
.00105 MF
LX: 57% residual. $1200 lease cash
EX: 58% residual. $1000 lease cash
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Also, are there any special financing promotions?
Thanks!
May I please get the latest MF, residual (and any other incentives) for a 2018 Civic Sedan EX-L, CVT with Navigation, 10/36 (if they offer it in my area; 11795) and 12/36?
Also, would you happen to know when the 2019 Civic’s will arrive in dealerships?
Thanks in advance.
36 months is best
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.00105 MF
54% residual
$1000 lease cash
If 10K/yr is available, add 1%
No info on 2019 model
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Three times now with different dealerships I've been given all information (MSRP, selling price, MF, RV, Incentives) but when I ask for the CAP cost, all of three of them have either given an excuse, deflected by trying to get me on the phone or come in-person, or go total radio-silence.
Am I not understanding something?
If you're ready to pull the trigger, go into the dealer and make an aggressive offer on the sales price. When they give you a payment, that's the time to ask for the CAP cost, and a full breakdown of how they got there from the selling price.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00105 MF
LX: 57% residual. $1000 lease cash
Sport: 58% residual. $800 lease cash
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