Wondering if the lease I was offered is a good deal

kareemhalemkareemhalem Member Posts: 2
edited April 2021 in Honda
New Jersey Dealership on a black 2021 Civic Sedan LX

Purchase Price: $19,233
36 Months, 10k miles
61% residual
1400 down

$214.38 monthly payment

Comments

  • kyfdxkyfdx Moderator Posts: 232,939
    edited April 2021

    New Jersey Dealership on a black 2021 Civic Sedan LX

    Purchase Price: $19,233
    36 Months, 10k miles
    61% residual
    1400 down

    $214.38 monthly payment

    What is the MSRP?
    Is $1400 the full amount Due at Signing?
    Adjusted CAP cost?

    .00079 MF and 61% residual
    $900 incentive

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  • kareemhalemkareemhalem Member Posts: 2


    What is the MSRP?
    Is $1400 the full amount Due at Signing?
    Adjusted CAP cost?

    .00079 MF and 61% residual
    $900 incentive


    MSRP is $22,005 and 1400 is the full amount due at signing
  • kyfdxkyfdx Moderator Posts: 232,939

    What is the MSRP?
    Is $1400 the full amount Due at Signing?
    Adjusted CAP cost?

    .00079 MF and 61% residual
    $900 incentive


    MSRP is $22,005 and 1400 is the full amount due at signing

    Adjusted CAP has to be approx $20.200 to get that payment.
    $977 over the selling price
    +$1186 extra upfront, over the 1st payment
    = $2163 of "other" charges

    $595 acq.fee
    $600 sales tax (est)
    $300 DMV (est)
    =$1495

    That leaves approx $668 unaccounted for.

    My estimates could be off, and I'm sure a NJ dealer has a big dealer/doc fee.

    I'd want an accounting of all the charges,

    The discount looks good, and it looks like a pretty good deal.

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