What do you think of this quote for zip 01803? Please advise!

valmarvalmar Member Posts: 3
edited December 2018 in Honda
Ex model
cap cost 31.6k
net residual 20.3k

fees 1.3k
net drive off 1.7k

program miles 12k

cash down 0 -> lease $411
residual 58%
term 36 months

gap protection included

Comments

  • kyfdxkyfdx Moderator Posts: 207,831
    valmar said:

    Ex model
    cap cost 31.6k
    net residual 20.3k

    fees 1.3k
    net drive off 1.7k

    program miles 12k

    cash down 0 -> lease $411
    residual 58%
    term 36 months

    gap protection included

    $1300 in fees? Must be a big dealer fee in there.
    What is the MSRP?

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  • valmarvalmar Member Posts: 3
    MSRP is 35k.

    Fees include bank and doc.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 207,831
    valmar said:

    MSRP is 35k.

    Fees include bank and doc.

    Thanks!

    The calculated payment is correct.

    Pretty good deal for a vehicle that doesn't have a great lease program.

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  • valmarvalmar Member Posts: 3
    I see, thanks. 

    Why is it a good deal? Just trying to understand this a bit better. 
  • kyfdxkyfdx Moderator Posts: 207,831
    valmar said:

    I see, thanks. 

    Why is it a good deal? Just trying to understand this a bit better. 

    Pretty substantial discount for a popular vehicle (mitigated by a big dealer fee, somewhat)

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