2017 Honda Accord LX Manual - Lease Deal

acallaro

Hey Everyone,

I just received this lease deal for a 2017 Honda Accord LX Manual. I'm looking for any advice as I've never leased a car so your input is appreciated.

-Zip Code: 19341
-36 months 12k miles per year

-MSRP: $23,330
-Adjusted Cap Cost: $21,326
-Net Residual: 52% ($12,131.60)
-MF: 0.000592
-Down payment: $575...this includes 1st months payment along with title fee, license fee, registration fee and documentation fee

Monthly Payment (includes tax): $299.90

For this being a 2017 LX model and manual transmission, I think this monthly payment seems high? Has the MF been marked up?

Wanted to get everyone's thoughts and recommendations in terms of what I should come back with for a counter-offer.

Ideally, I'd like to be closer to $225/month

kyfdx

acallaro said:

Hey Everyone,

I just received this lease deal for a 2017 Honda Accord LX Manual. I'm looking for any advice as I've never leased a car so your input is appreciated.

-Zip Code: 19341
-36 months 12k miles per year

-MSRP: $23,330
-Adjusted Cap Cost: $21,326
-Net Residual: 52% ($12,131.60)
-MF: 0.000592
-Down payment: $575...this includes 1st months payment along with title fee, license fee, registration fee and documentation fee

Monthly Payment (includes tax): $299.90

For this being a 2017 LX model and manual transmission, I think this monthly payment seems high? Has the MF been marked up?

Wanted to get everyone's thoughts and recommendations in terms of what I should come back with for a counter-offer.

Ideally, I'd like to be closer to $225/month

The money factor is just .00059
There are $3150 of incentives on this model

It looks like they pushed the price up, to just get you under $300/mo. With you paying the other fees upfront, the only thing in the adjusted CAP besides the sale price is the $595 acquisition fee. Subtracting that from the adjusted CAP, we get a sale price of $20,731. That's only $2600 under MSRP on a vehicle that comes with $3150 of incentives for the dealer.

$1500-$2000 lower selling price shouldn't be too hard to get
That would put you in the $238-$253/mo. range, including tax.