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2019 Honda Civic Sedan LX, is this a good deal?

bdohioanbdohioan 43212Posts: 5
edited September 9 in Honda
Local dealer is offering $89/month, 36/12k, $3,999 down plus tax, title and doc. fees.

I know this is a heavy down payment but averaged out it's a total monthly payment of $211 after tax, which seems like a good deal for $20k car.

Any thoughts? Thanks

Comments

  • MichaellMichaell ColoradoPosts: 121,216
    bdohioan said:

    Local dealer is offering $89/month, 36/12k, $3,999 down plus tax, title and doc. fees.

    I know this is a heavy down payment but averaged out it's a total monthly payment of $211 after tax, which seems like a good deal for $20k car.

    Any thoughts? Thanks

    Right, but you still need to pay your fees and such.
    What ZIP code is this?

    We recommend only paying the first payment and registration costs, up front.

    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

  • bdohioanbdohioan 43212Posts: 5
    43212
  • MichaellMichaell ColoradoPosts: 121,216
    bdohioan said:

    43212

    .00089 and 57%
    $1200 incentives

    OH taxes the monthly payment, and collects the money up front. You can choose to roll it into the monthly payment however.

    Doc fee capped at $250
    Acquisition fee is $595
    Both should be added to the cap cost

    Ask the dealer for the cap cost and payment with only $300 due at signing.

    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

  • bdohioanbdohioan 43212Posts: 5
    Thanks for the help. Where are you getting the $300 figure from?
  • MichaellMichaell ColoradoPosts: 121,216
    bdohioan said:

    Thanks for the help. Where are you getting the $300 figure from?

    Estimated first payment and registration fees.

    Could be any amount

    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

  • bdohioanbdohioan 43212Posts: 5
    Is the only reasoning for reducing up front cost to avoid losing a big down payment if car is totaled or stolen?

    Doesn't down payment reduce cap cost and therefore total interest paid?

    I have excellent credit so I could probably get a low down payment if I understand the reasoning, but I'm new to leasing. Thanks.
  • kyfdxkyfdx Everywhere, USAPosts: 127,848
    bdohioan said:

    Is the only reasoning for reducing up front cost to avoid losing a big down payment if car is totaled or stolen?

    Doesn't down payment reduce cap cost and therefore total interest paid?

    I have excellent credit so I could probably get a low down payment if I understand the reasoning, but I'm new to leasing. Thanks.

    That's the main reason.

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

    Edmunds Moderator

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