Rate this civic si lease

jnguyen498jnguyen498 Member Posts: 7
edited July 2019 in Honda
Hey guys! So this is my first time leasing a car and i’m wondering if this is a good deal. I live in the LA area.

MSRP: 25,195
Sales Price: 22,338
Money Factor: 0.00108
Miles/Year: 12,000
Residual: 62%
Sales Tax: 9.5%

Monthly payment with tax: 245
Drive-Off: 1,374

Thanks!

Comments

  • kyfdxkyfdx Moderator Posts: 207,899

    Hey guys! So this is my first time leasing a car and i’m wondering if this is a good deal. I live in the LA area.

    MSRP: 25,195
    Sales Price: 22,338
    Money Factor: 0.00108
    Miles/Year: 12,000
    Residual: 62%
    Sales Tax: 9.5%

    Monthly payment with tax: 245
    Drive-Off: 1,374

    Thanks!

    It looks good.

    Assume the drive-off is first payment, DMV, doc fee and $595 acquisition fee?

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  • jnguyen498jnguyen498 Member Posts: 7
    Yes those are the drive off fees. I heard that there is a $600 lease incentive in my area though, so should I try to reduce the price more? If that 600 lease incentive is applied I should be able to get down to 230 a month tax included.
  • jnguyen498jnguyen498 Member Posts: 7
    I want to apply the $600 incentive, but the dealer says the offer of 245 is good only till the end of the day.
  • MichaellMichaell ColoradoModerator Posts: 206,408

    I want to apply the $600 incentive, but the dealer says the offer of 245 is good only till the end of the day.

    The $600 is a dealer incentive, and is reflected in the offered price by the dealer.

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  • jnguyen498jnguyen498 Member Posts: 7
    Thanks for the feedback guys! Was actually able to reduce the drive off fees to 1332 with 245 a month.
  • kyfdxkyfdx Moderator Posts: 207,899

    Thanks for the feedback guys! Was actually able to reduce the drive off fees to 1332 with 245 a month.

    Congrats!

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  • fayda456fayda456 Archbald PaMember Posts: 2
    Hey everyone!
    First time leaser here - can you rate my deal from 7/20/19?
    2019 civic si sedan in zip 18403 (PA)
    36k/36mo
    $500 down including first month
    $273/month with tax

    I believe MF was .00108 & 62% residual.
  • kyfdxkyfdx Moderator Posts: 207,899
    fayda456 said:

    Hey everyone!
    First time leaser here - can you rate my deal from 7/20/19?
    2019 civic si sedan in zip 18403 (PA)
    36k/36mo
    $500 down including first month
    $273/month with tax

    I believe MF was .00108 & 62% residual.

    What is the MSRP?

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

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