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Need advice on lease quotes for 2019 Honda Accord/Civic...

DKgeo34DKgeo34 Long Island, NYPosts: 1
edited June 7 in Honda
I got more information from the salesman about the details for the lease (which I should mention is via email communication). My current lease is coming to an end. I have 8K unused miles, which from what I understand, won't give me any leverage. I heard some companies rollover unused miles if you're getting another lease with them. Not sure if Honda does this.

Here’s the 2019 Honda Accord EX-L details:
  • $382/month, $0 down. 36 months, 10K miles/year. And first payment, tax, DMV fees.
  • MSRP: $30,120
  • Selling price: $28,567
  • Residual: $17,382.40
  • Money Factor: 0.001180
Here’s the quote I received for the 2019 Honda Civic EX-L:
  • $290/month. $0 down. 36 months, 10K miles/year.
  • MSRP: $24,600
  • Selling price: $23,769
  • Residual: $15,567.20
  • Money Factor: 0.001080
I should also mention I’m waiting for another dealership to counter. My FICO scores range from 754-802. The quoted prices are just the initial quotes. I haven’t done any negotiating. Also, I’ll be leasing the car on Long Island, NY, which from what I understand, is notorious for not giving the best deals.

What’s your advice/opinion?

Thanks

Comments

  • MichaellMichaell ColoradoPosts: 124,182
    DKgeo34 said:

    I got more information from the salesman about the details for the lease (which I should mention is via email communication). My current lease is coming to an end. I have 8K unused miles, which from what I understand, won't give me any leverage. I heard some companies rollover unused miles if you're getting another lease with them. Not sure if Honda does this.

    Here’s the 2019 Honda Accord EX-L details:

    • $382/month, $0 down. 36 months, 10K miles/year. And first payment, tax, DMV fees.
    • MSRP: $30,120
    • Selling price: $28,567
    • Residual: $17,382.40
    • Money Factor: 0.001180
    Here’s the quote I received for the 2019 Honda Civic EX-L:
    • $290/month. $0 down. 36 months, 10K miles/year.
    • MSRP: $24,600
    • Selling price: $23,769
    • Residual: $15,567.20
    • Money Factor: 0.001080
    I should also mention I’m waiting for another dealership to counter. My FICO scores range from 754-802. The quoted prices are just the initial quotes. I haven’t done any negotiating. Also, I’ll be leasing the car on Long Island, NY, which from what I understand, is notorious for not giving the best deals.

    What’s your advice/opinion?

    Thanks
    I confirm the MF and residuals.

    How much is due at signing for those quotes? $0 down and $0 due at signing are not the same thing.

    If $0 due at signing, you'll need to ask the dealer for the adjusted cap cost for each vehicle - and, a careful accounting of how they reached that number from the selling price.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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