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Car Buying Advice - 2017 Accord EX-L Lease
jimmyyterry
Member Posts: 1
Looking at trading in my current lease on 2014 Accord EX-L, 36 month lease, 12K/yr mileage. Dealer in Maryland offered same $0 down, $0 first month, $0 security that we did for my current lease on a new 2017 Accord EX-L, same terms. He quoted me $394.84/month/36 month/12K year doing the 0/0/0 lease. Current lease is $380/month. His residual on the 2017 EX-L is $16,310.25, MSRP $29,795. Does that sound like a decent enough deal or should I keep shopping around? Thanks for any help.
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kyfdx
Moderator Posts: 237,189
.00083 MF and 55% residualjimmyyterry said:Looking at trading in my current lease on 2014 Accord EX-L, 36 month lease, 12K/yr mileage. Dealer in Maryland offered same $0 down, $0 first month, $0 security that we did for my current lease on a new 2017 Accord EX-L, same terms. He quoted me $394.84/month/36 month/12K year doing the 0/0/0 lease. Current lease is $380/month. His residual on the 2017 EX-L is $16,310.25, MSRP $29,795. Does that sound like a decent enough deal or should I keep shopping around? Thanks for any help.
$1000 dealer cash + $1000 bonus lease cash.
With that residual, the MSRP would have to be $29,655.
To get that payment, the adjusted CAP cost would have to be $29,150, if tax is paid upfront. Do you live in MD, or another state?Edmunds Price Checker
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