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Lease help

EctohitchEctohitch Posts: 3
edited January 2020 in Honda

Please provide:
RV/MF and Incentives
Zip: 06855
2020 Civic Sport hatchback and ex hatchback
36/12
36/15
Tagged:

Best Answer

Answers

  • The 2020 Silver Civic Hatchback came in from the trucking company with a scratch on the hood, it is currently being repaired. It will not be available for the delivery Tonight.

    2020 Civic Hatchback EX
    Lease 36 months - 12K miles yearly
    $2067.36 down and 35 payments of $253.93 (price includes CT sales tax)

    Price includes all fee's
    $253.93 1st month payment
    $599 Dealer Document fee
    $249 CT Vin Etch program
    $185 CT DMV (estimate)
    $595 Bank Aquisition fee
    $108.28 Up Front Taxes
    $77.15 Cap Cost reduction

    Price includes $1000 Honda dealer cash for Hatchbacks
    The money factor is .00126
    Residual $15,549.60

    The above price information is valid for delivery by 8 pm on 1/6/2020

    Is this is good offer? Should I be concerned about the scratch?
  • kyfdxkyfdx Posts: 184,684
    Ectohitch said:

    The 2020 Silver Civic Hatchback came in from the trucking company with a scratch on the hood, it is currently being repaired. It will not be available for the delivery Tonight.

    2020 Civic Hatchback EX
    Lease 36 months - 12K miles yearly
    $2067.36 down and 35 payments of $253.93 (price includes CT sales tax)

    Price includes all fee's
    $253.93 1st month payment
    $599 Dealer Document fee
    $249 CT Vin Etch program
    $185 CT DMV (estimate)
    $595 Bank Aquisition fee
    $108.28 Up Front Taxes
    $77.15 Cap Cost reduction

    Price includes $1000 Honda dealer cash for Hatchbacks
    The money factor is .00126
    Residual $15,549.60

    The above price information is valid for delivery by 8 pm on 1/6/2020

    Is this is good offer? Should I be concerned about the scratch?

    Have you seen the scratch?

    What is the MSRP?
    Selling price?

    $599 doc fee and $249 VIN etch are just garbage fees.
    But, it's the whole deal that counts.

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

    Edmunds Moderator

  • MSRP is $25080 and sell price is $22449.

    Haven’t seen the scratch but since they don’t know when the repair will happen they offered to get me a car from another dealership instead, same lease terms, same car.
  • kyfdxkyfdx Posts: 184,684
    Ectohitch said:

    MSRP is $25080 and sell price is $22449.

    Haven’t seen the scratch but since they don’t know when the repair will happen they offered to get me a car from another dealership instead, same lease terms, same car.

    Equals about $305/mo, with just first payment Due at Signing.

    $2631 discount, but $1000 of that is coming to the dealer from Honda
    +$599 doc fee and $249 etch, which adds no value to you.

    $2631
    -1000
    -848
    = $783 effective discount.

    I think you could do better (with the caveat that I'm not shopping for this vehicle).
    Have you shopped any other Honda dealers?

    I definitely wouldn't take the unit with the repair, if I could get a different one.

    Of course, we are past the deadline for last month's program, but this month's program appears to be identical.

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

    Edmunds Moderator

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