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2020 honda accord sport 2.0 lease deal good/bad?

zachrcrzachrcr Member Posts: 3
edited April 2020 in Honda
Hi all,

Trying to get into a new lease. here are the terms I was given after a lot of back and forth. Anyone know if this is decent or not?

2020 honda accord sport 2.0T 12/36k

msrp - 31990
discount - 3369
sale price - 28,621
acquisition fee - 595
cap taxes - 1059.56
gross cap cost - 29,216

residual - .58
residual amount - 18,554.20

advance payment 367.91

Final monthly payment 367.91

Any input would be great!

Comments

  • zachrcrzachrcr Member Posts: 3
    also fyi i am in syracuse, ny
  • MichaellMichaell ColoradoModerator Posts: 189,425
    zachrcr said:

    Hi all,

    Trying to get into a new lease. here are the terms I was given after a lot of back and forth. Anyone know if this is decent or not?

    2020 honda accord sport 2.0T 12/36k

    msrp - 31990
    discount - 3369
    sale price - 28,621
    acquisition fee - 595
    cap taxes - 1059.56
    gross cap cost - 29,216

    residual - .58
    residual amount - 18,554.20

    advance payment 367.91

    Final monthly payment 367.91

    Any input would be great!

    zachrcr said:

    also fyi i am in syracuse, ny

    .00087 and 58%
    $500 incentive (baked into your discount amount)

    Using the MSRP and gross cap numbers, I get $338/mo, which leads me to believe the taxes are also being added in for the payment quote.

    FWIW, in NY we do recommend you pay your taxes up front, and not roll them into the payment.

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