Help with lease calculations

jayhova1776jayhova1776 Member Posts: 15
edited July 2019 in Honda
Hi all,
My wife and i are looking to lease an Accord sport. These are the numbers they have giving us. 07753
The dealer info they gave us with $1,000 down for 36/12 would be $378.03 per month.

Retail: $31,630
Saving: $3,080
Selling: $28,550
Sub-total: 28,550

Fees: $948
Sales Tax: $1,941.86 (Finance Tax 6.625% , Supplemental Titling Fee 0.4000%, Tire Tax $7.50 (because NJ))
Net Sales Price: $31,440.71

MF: .00056
Res: $17,712.80

Dealer includes destination fee in the sales price.

I'm new to the lease calculator, can someone kindly run the numbers to see how it compares to what the dealer gave us?

Comments

  • MichaellMichaell ColoradoModerator Posts: 206,226

    Hi all,
    My wife and i are looking to lease an Accord sport. These are the numbers they have giving us. 07753
    The dealer info they gave us with $1,000 down for 36/12 would be $378.03 per month.

    Retail: $31,630
    Saving: $3,080
    Selling: $28,550
    Sub-total: 28,550

    Fees: $948
    Sales Tax: $1,941.86 (Finance Tax 6.625% , Supplemental Titling Fee 0.4000%, Tire Tax $7.50 (because NJ))
    Net Sales Price: $31,440.71

    MF: .00056
    Res: $17,712.80

    Dealer includes destination fee in the sales price.

    I'm new to the lease calculator, can someone kindly run the numbers to see how it compares to what the dealer gave us?

    I'm just a couple dollars higher, if I use $30,441 as the adjusted cap cost (net sales price less your $1000).

    Quote looks to be about right.

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  • kyfdxkyfdx Moderator Posts: 207,864

    Hi all,
    My wife and i are looking to lease an Accord sport. These are the numbers they have giving us. 07753
    The dealer info they gave us with $1,000 down for 36/12 would be $378.03 per month.

    Retail: $31,630
    Saving: $3,080
    Selling: $28,550
    Sub-total: 28,550

    Fees: $948
    Sales Tax: $1,941.86 (Finance Tax 6.625% , Supplemental Titling Fee 0.4000%, Tire Tax $7.50 (because NJ))
    Net Sales Price: $31,440.71

    MF: .00056
    Res: $17,712.80

    Dealer includes destination fee in the sales price.

    I'm new to the lease calculator, can someone kindly run the numbers to see how it compares to what the dealer gave us?

    That isn't the proper tax amount for a lease.

    Ask the dealer for Adjusted CAP cost that applies to the lease deal, not the Net Sales Price.
    And, a breakdown of the $948 in fees.

    And.. almost every state has a tire tax. ;)

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  • jayhova1776jayhova1776 Member Posts: 15
    That isn't the proper tax amount for a lease.

    Ask the dealer for Adjusted CAP cost that applies to the lease deal, not the Net Sales Price.
    And, a breakdown of the $948 in fees.
    *** on their email***
    $399 Documentation Fee
    9.85 Online processing fee
    NJ MVC fees

    And.. almost every state has a tire tax. ;)
    </blockquote
    :(

    Thanks for the info mods! I know I've been posting all over the place from Subaru to Volkswagen to Honda! Just trying to find the best vehicle with the best deal for our financial situation. We greatly appreciate your time.
  • kyfdxkyfdx Moderator Posts: 207,864

    That isn't the proper tax amount for a lease.

    Ask the dealer for Adjusted CAP cost that applies to the lease deal, not the Net Sales Price.
    And, a breakdown of the $948 in fees.
    *** on their email***
    $399 Documentation Fee
    9.85 Online processing fee
    NJ MVC fees

    And.. almost every state has a tire tax. ;)

    Also, missing from their price - $595 lease acquisition fee

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

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  • jayhova1776jayhova1776 Member Posts: 15
    kyfdx said:

    That isn't the proper tax amount for a lease.

    Ask the dealer for Adjusted CAP cost that applies to the lease deal, not the Net Sales Price.
    And, a breakdown of the $948 in fees.
    *** on their email***
    $399 Documentation Fee
    9.85 Online processing fee
    NJ MVC fees

    And.. almost every state has a tire tax. ;)

    Also, missing from their price - $595 lease acquisition fee

    The lease acquisition fee is added the to the Sale Price $28,355.00 + $595.00 = the Cap Cost $28,955.00
  • kyfdxkyfdx Moderator Posts: 207,864

    kyfdx said:

    That isn't the proper tax amount for a lease.

    Ask the dealer for Adjusted CAP cost that applies to the lease deal, not the Net Sales Price.
    And, a breakdown of the $948 in fees.
    *** on their email***
    $399 Documentation Fee
    9.85 Online processing fee
    NJ MVC fees

    And.. almost every state has a tire tax. ;)

    Also, missing from their price - $595 lease acquisition fee
    The lease acquisition fee is added the to the Sale Price $28,355.00 + $595.00 = the Cap Cost $28,955.00

    And, yet... you list the price as $28550 above.. ;)

    Math only works if you have all of the numbers in one place.

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

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  • jayhova1776jayhova1776 Member Posts: 15
    I wish i could just upload the form/email. I’m learning these leasing/financial terminology, so trying to answer your questions while deciphering the lease information is bit challenging.
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