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Prices Paid: Buying & Leasing Experiences Honda Civic Prices Paid and Buying Experience
9208 messages, Last post on Dec 04, 2009 at 11:38 AM
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Replying to: mantras (Jan 25, 2008 12:44 pm)
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Here is the deal. I am in the market to lease an 08 Civic LX Sedan. I have been in communication with a sales man and he offered me a 36 month lease with $500 down at $244 a month. I then replied and asked him to provide me with the break down of the numbers like would be on a Regulation M form. His response was instead of an email, a phone call and on the message machine he said that people just go by monthly payment, and that they just punch the numbers into the computer to get the numbers, and they really dont matter. What should be my next response? For $500 down at $244 a month is not an outrage, but I need to see the money factor. Im new to all this, is there a way i can find these with just the numbers he gave me? So far they are: Selling Price for LX Auto Sedan $16,895. $500 Down Payment for first month and motor vehicle fee's. 36 Months $244 a month. Any help would be great, thanks.
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Replying to: dndcollect (Jan 28, 2008 9:57 am) Just buy My recent offer in Chicagoland for 2008 LX Sedan Automatic $17,800 OTD I expect to get even better offer toward the end of the month. I bought one of my cars Nissan AltimaGXE 2000 for $16,500 OTD on December 31,1999 I sold it (51000 miles) a few days ago for $7,600 I only invested $400 for gaskets and injector beside the periodic oil change
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Replying to: vgur (Jan 28, 2008 10:21 am)
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Replying to: dndcollect (Jan 28, 2008 9:57 am) Q: How to tell when are car salesman is lying? A: His lips are moving! (insert rim shot here)  It's just a joke! Seriously, the reason the dealer wants to play payments with their customers is that why the customer has no idea if they are getting the best deal or not. They figure "I can afford $244 so I will sign the papers". Invoice is $16,984 including destination, so if your price invoice destination and dealer fees that is a nice price. The lease deal shown on the Honda web page is for a Civic LX AT and figures out to a 63% residual with a 0.00207 MF. I don't know if your payment includes tax or not and if so what the rate is, but $244 per month (no tax) equates to a net cap cost of $18,156. If your tax is in the payment and was 6% then the net cap cost would be $17,694. Any GOOD dealer I have dealt with has no problem breaking down the numbers to make the customer happy. Dennis
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Replying to: dwynne (Jan 28, 2008 10:27 am)
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Replying to: dndcollect (Jan 28, 2008 10:37 am) MSRP $18,395.00 Total Cap Cost $17,360.24 Residual Value (61%) 11,220.95 Adjusted Residual Value 11,588.85 Money Factor .002070 Motor Vehicle Fees 118.50 Down Payment 500.00 Payments: 36 X $240.06 including tax
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Replying to: tiff_c (Jan 27, 2008 2:44 pm) The best offers in Chicagoland Cook County so far based on this forum data is I belive $17,750 OTD ( All money you pay including taxes Dealer figure it out for you You don't care of what it is) for New 2008 Civic LX Sedan Automatic
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Replying to: pissy (Jan 27, 2008 9:06 pm) Please let us know what is your best OTD deal and what county? |
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Replying to: dndcollect (Jan 28, 2008 10:24 am) Otherwise you can not convince me why should you lease You are buying for 18000 your return in 7 years will be around 50% back $9000 for Japanese cars Figure out how much you pay for leased car in 3 years with no returns but risk and back charges in case of damage or other crap written in contract
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