Is this feasible?

nobo123

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?  

kyfdx

nobo123 said:

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?

59% residual for 36/12

I can't really follow your math. What selling price or adjusted CAP cost are you using?

Example:
$24695 MSRP
-$500 discount
-$1600 lease cash
+$595 acq.fee
$23190 adjusted CAP cost
$254/mo.+tax and DMV/doc fees
$254 X 36 = $9144

$9144
+200 DMV (est)
+$75 doc
+$950 tax (est)
$10,369 total..

That's with a $2100 discount, including the lease cash..
So, another $400 off, and you are under $10K..

kyfdx

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?

nobo123

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?