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

DKgeo34

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

Michaell

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.

ManualDevotee

May I please have the MF and residual for 2019 Accord Sport 2.0 36/12 in FL 32404?

Michaell

ManualDevotee said:

May I please have the MF and residual for 2019 Accord Sport 2.0 36/12 in FL 32404?

.00056 and 55%
$750 incentives