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2018 Accord TRG 1.5T Lease price

Jason6651Jason6651 Posts: 2
edited January 12 in Honda
Hi all,

I am in the market for a new lease and wanted to run the first pricing that I received by the forum to see how much room I have to negotiate with. I am in Suffolk County, NY. This is for a 2018 model as stated in the title.

36/12k
MSRP $34,695
Money Factor .000720
Residual is %51
$0 down / $399 per month

Thank you!

Comments

  • kyfdxkyfdx Posts: 117,101
    Jason6651 said:

    Hi all,

    I am in the market for a new lease and wanted to run the first pricing that I received by the forum to see how much room I have to negotiate with. I am in Suffolk County, NY. This is for a 2018 model as stated in the title.

    36/12k
    MSRP $34,695
    Money Factor .000720
    Residual is %51
    $0 down / $399 per month

    Thank you!

    .00072 MF and 51% residual is correct.
    $2900 incentive on this model.

    What is the selling price and adjusted CAP cost associated with that quote?
    What is the exact amount Due at Signing?

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

    Edmunds Moderator

  • Jason6651Jason6651 Posts: 2
    edited January 14
    Thanks - took a little for the dealer to get back to me but here is the info
    Selling price $28,800
    Cap cost $17,694
    Due at signing $498.59 (Plus plates)
  • kyfdxkyfdx Posts: 117,101
    Jason6651 said:

    Thanks - took a little for the dealer to get back to me but here is the info
    Selling price $28,800
    Cap cost $17,694
    Due at signing $498.59 (Plus plates)

    $17694 is the residual, not the CAP cost.

    Adjusted CAP cost would have to be about $30,800 to get that payment.
    $2000 over their selling price

    $595 acquisition fee
    $1200 sales tax?

    Looks pretty close.. Ask for the adjusted CAP and the amounts used to get that number.

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

    Edmunds Moderator

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