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Is this feasible?

nobo123nobo123 NYCPosts: 2
edited April 2018 in Honda

I am hoping to pick up a 2018 HR-V EX AWD this summer by way of a One-Pay Lease. I’ve tried researching a bit but I don’t know if my plan is feasible.

Me: Youngish, great credit but slightly thin credit file, around 10001

Aim Payment: 23,500

Aim Residual: 14,570

Aim MF: .005

Total Payment: 190.35

Total Lump Sum Payment: 6,852.60

Would these parameters be a good negotiation goal?

With accompanying fees and such, could I pay less than $10,000 out the door?  

Best Answer

Answers

  • kyfdxkyfdx Posts: 148,714
    nobo123 said:

    I am hoping to pick up a 2018 HR-V EX AWD this summer by way of a One-Pay Lease. I’ve tried researching a bit but I don’t know if my plan is feasible.

    Me: Youngish, great credit but slightly thin credit file, around 10001

    Aim Payment: 23,500

    Aim Residual: 14,570

    Aim MF: .005

    Total Payment: 190.35

    Total Lump Sum Payment: 6,852.60

    Would these parameters be a good negotiation goal?

    With accompanying fees and such, could I pay less than $10,000 out the door?  

    .00120 MF and 57% residual for 36/15
    $1600 lease cash
    (.00040 MF w/one-pay)

    What is the MSRP?
    What term and mileage allowance?

    What state/tax rate?

    What does "around 10001" mean?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • nobo123nobo123 NYCPosts: 2
    MSRP is 24,695 (according to Edmunds and similar at True Car)
    The MSRP IS 23,920 on the national website.
    My ideal terms are 36/12

    Am I missing something? A MF of .00040 would give me monthly payments of 155.0846
    That total is lower than the national offer for the LX.

    I mean that I live near and will be purchasing in the 10001 zip code: NYC with a state sales tax of 8.875%.

    Could I still get out of the door without dropping more than $10,000?
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