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kyfdx

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kyfdx
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2006 BMW 330Ci Coupe
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  • Re: 2017 Honda Civic Lease Questions






    Michaell said:












    kyfdx said:







    Hi, I'm a graduate student looking to lease a 2017 Civic Sedan EX-L with Navi, in Texas. I am extremely inexperienced with this stuff. I was offered a 3 year, 12k per year deal of 2000 down, $344 per month payment, and $14700 residual value. I then encountered this website and after plugging in the numbers in the leasehackr calculator, my monthly payment came to be about $200? Is this a fair price? What can I expect the residual percentage and the MF for that model in Texas? Also, if I were to take your suggested price/package to the dealer, wouldn't they simply turn me down for having a low price? How should I negotiate with them? If there is anything else you feel I should know, please let me know. Thank you for all your help! N.












    .00108 MF and 58% residual













    Lease calculators are hard to use, if you don't know all of the details, and how the calculator uses those details. For instance, in Texas, the full selling price is taxed, and that money is collected upfront. Very few lease calculators can account for that.













    Also, $2000 down and $2000 due at signing are not the same thing, and that has to be entered correctly, as well.













    Did the dealer that gave you the quote give you the MSRP and selling price?












    Thanks for your reply! I believe the MSRP is $25,800 while the selling price is around $22,000. I think he also said that taxes, registration, title, fees are around $3000, and can be capitalized along with the $22,000. Is that not possible in Texas? I tried the calculator and entered $22,000+$3,000=$25,000 as the selling price and got around $350 a month with zero down and in this case I think also zero due at signing correct? Is that an okay price? One more question I have is if a dealer insists on a few dealer accessories on top of the $22,000 stating that all cars they sell have these accessories, do I need to purchase them or can I convince them to remove those accessories as well?

    For simplicity, what numbers would you say I should plug into the calculator given my state of Texas and the numbers I've shared with you, and if I want to go for a zero dollar driveoff (nothing due at signing, no down payment)? Sorry if I'm using some terms incorrectly. I really appreciate the wonderful work you folks are doing here and look forward to your response. Thanks again!










    Yes, you can choose to add the taxes to the selling price and plug that into your lease calculator. In fact, that is our recommendation. If the car is stolen or totaled before the end of the lease, you won't lose the pre-paid portion of those taxes. Same with the fees.









    The only up front costs you should have are the first payment and any DMV or registration costs, as those generally aren't taxable.









    Get a specific breakdown of the $3000





    Edit: realized that I've counted title, registration, fees twice so changed the selling price to $22,000+6.25%tax=$23375. 



    Hello, thanks for your response. So I plugged in the MF, residual percentage, MSRP,  and then I entered $23,375 for the selling price, 36 months, 12k miles pear year, $900 for the acquisition fee, $500 college rebate (untaxed?) and $480 for the license/registration/documentation fees, all into the leasehackr calculator. But for the sales tax percentage, I entered zero because I already capitalized the tax when I set the selling price for $23,375. My drive off is $767 and monthly payment is $287. A few questions if you don't mind: 

    1. Did I do everything correctly with the calculator? Is this the price I should expect to pay or would I be able to negotiate anything better such as a better MF or lower acquisition and disposition fees?

    2. I should have a $500 college rebate. However I have seen you post $350 lease cash frequently. Do I get anything like that?

    3. I get a leasehackr score of 7.5 years and a lease cost of $10,397. Is this still a good deal or will I lose with a lease as opposed to a finance?

    4. Can I simply say no to the dealer accessories ($1500 extra) or does everyone pay for them regardless? I think the key for me to get a lower lease payment is to rid these extra charges but I'm not sure if that's a normal thing to do.

    5. Is the MF negotiable? I assume it depends heavily on the credit score. Is the 0.00108 number applicable to people with excellent credit scores or more for the average consumer?

    6. I heard security deposits or MSDs lower your MF. Is that an option for a Honda lease? I know they say zero security deposit at signing.

    Thanks again for your help! N.

    1) What CAP cost did you use? Instead of guessing, it's probably better to ask the dealer for the CAP cost they used. That's how you find out if they are adding charges.
    2) Lease cash is a dealer incentive. They aren't going to subtract it from a negotiated price
    3) We still don't have the numbers yet to comment.
    4) When negotiating the price, tell them you won't pay more for $1500 of useless accessories, that you can just negotiate with a dealer that doesn't add them. Just ignore them in your calculations, and make sure they aren't adding any numbers to the negotiated price.
    5) The base MF for this model is .00108 for top tier credit. Honda dealers don't markup money factors, so not much to worry about there, except for your credit tier.
    6) Honda does not have an MSD program.
  • Re: 2017 Toyota Highlander Lease Questions

    Numbers please for the Highlander XLE, Limited, and Limited Premium for WA? 24 and 36 @ 12K?
    Thanks!
    66%/63%/62% residual for 36 months
    Add 6% for 24 months
    Subtract 1% if FWD

    .00133 MF
  • Re: 2017 Honda Civic Lease Questions

    Hi, I'm a graduate student looking to lease a 2017 Civic Sedan EX-L with Navi, in Texas. I am extremely inexperienced with this stuff. I was offered a 3 year, 12k per year deal of 2000 down, $344 per month payment, and $14700 residual value. I then encountered this website and after plugging in the numbers in the leasehackr calculator, my monthly payment came to be about $200? Is this a fair price? What can I expect the residual percentage and the MF for that model in Texas? Also, if I were to take your suggested price/package to the dealer, wouldn't they simply turn me down for having a low price? How should I negotiate with them? If there is anything else you feel I should know, please let me know. Thank you for all your help! N.
    .00108 MF and 58% residual

    Lease calculators are hard to use, if you don't know all of the details, and how the calculator uses those details. For instance, in Texas, the full selling price is taxed, and that money is collected upfront. Very few lease calculators can account for that.

    Also, $2000 down and $2000 due at signing are not the same thing, and that has to be entered correctly, as well.

    Did the dealer that gave you the quote give you the MSRP and selling price?
  • Re: Car Buying Advice - 2017 Honda Accord EX-L Due to sign Monday. Here's Breakdown

    State Alabama I don't know the MR. Good deal or no? This is pic of the
    Vehicle price 29795.00 - auto nation savings 3924.02 = 25870.98


    The money factor is .00083, which is the base amount. (Honda dealers don't markup the money factor)
    There are $2000 of incentives on the Accord, but they are giving you nearly $4000 off MSRP, so that's good.

    Am I reading this right? Is the dealer covering your $943.50 in upfront money? So, ZERO due at signing?

    If so, this is a very good lease.
  • Re: 2017 Chrysler Pacifica Lease Questions

    hi, a dealer in miami is saying the money factor is 0.00092 and residual 50% for a pacifica 2017 Limited 36 month 12k miles.

    pacifica does have safetye teck package, 20" wheels and theater and sound group.

    is this correct?
    .00004 MF and 51% residual, through Chrysler Capital.

    Maybe, they are using a different bank.