I have been working with a dealer to come up with a lease that I’m willing to pay. I signed up at Edmunds and was told MF should be 0.00105 and Incentive cash is $800. The dealer included the $800 in the Adjusted price already.
Any way I work the numbers in the hackr calc I can’t get to the payments listed on the quote. At best, the monthly in the hackr calc is off by $5 which is no big deal. First problem is that I’m pretty sure the dealer bumped the MF to 0.00125.
My end-goal is to be able to know my numbers are accurate so that I can come back with a new Cap Cost number and know that the monthly payment I calculated will be the same that the dealer give me so that if the dealer accepts my number I don’t look like a fool if my number somehow doesn’t get me the price I need.
first thing to do is get rid of the $1400 of unnecessary BS extras; if not, then you need to find another dealer that doesn’t pack their deals with useless crap
since you are in SoCal, plenty of Honda dealers to shop…GL
For sure. I already indicated I would not accept the add-ons. I’m going to hit up other dealers for sure but I just need to make sure my math is right. This is what I want to get back to them.
Is this the standard Sonic printout, they seem to like that one. I’d really insist on helium fill, oh man 3M etch package, that must be much more better than the standard profit system. These dealers, they never stop trying this crap.
Firstly, stop negotiating with this dealer. They are slime. All that crap they add-on is deceptive and you can count on the rest of your buying experience with them to be similar.
I’ve had my best luck putting together a quote using the lease calculator with a very generous discount, taking a screenshot and sending it out to all the dealers in my area asking them to match. You can then negotiate once they get back to you. Don’t waste your time with dealers that aren’t straightforward.
If I were in your shoes I’d shoot for $250/month with first month, doc and registration up front (~$800). That’s roughly a 12% dealer discount.
Also, great choice in vehicle. I have the EX in Aegean blue and I love it. It’s too bad the heated seats is no longer included in the EX package. In Cali probably not a big deal, but here in Chicago I’d probably go for an EX-L.
I’m definitely pushing the price but it never hurts to try. That price is 13.5% off sticker. What would be a reasonable max discount? I figure the $800 is Honda money so it does affect the dealer so I’m just focused on getting their price down then adding in the Honda incentive.
This dealer is in San Juan Capistrano and their tax is 7.75.
Great suggestion! My discounted price of $20885 is 13.5% off their sticker price. The $24145 supposedly is base price of 23310 (advertised on their website) plus destination of $835.
My goal is absolutely in the $250 range but getting a dealer to give in to a 13.5% discount is pushing it - I think. I figure I might get 10-12%. I can live with 12% but that’s about my limit. The hackr calc puts me at $266 if I’m taking 12% from 24145 with no add-ons and including tax and non tax fees. I don’t know what non-tax fees are. I probably should have asked but this dealer has pretty much shut me down so I’m on to the next.
I’m sold on the numbers in your shared calc but I assumed I need to add tax and non tax fees from the lease quote to the final price. That adds about $430 to the final. I guess that’s my mistake for assuming the fees on the form were mandatory or even part of the monthly calc.
If you input the dealer provided numbers in the hackr calc it never comes out to the right monthly price. Any idea what they are doing to get to the $334 monthly?
It almost seems like they are doing a zero drive off with all the doc fees, taxes, etc lumped into the total but I never asked for a zero drive off and they didn’t indicate that was the case.
My fear is I’ll use the calculator wrong and the dealers will sneak something in that I didn’t account for.
Everything was verbal and they did not want to send me the breakdown. Since they did not want to discount the car further and did not fall within the 1% rule i did not pursue the deal.
I went to Norm Reeves of Cerritos and talked to there internet sales department. She did not want to email the numbers for fear of me using it to leverage a deal with another dealer. But since I was coming down from San Diego to LA I assume she was not going to jerk me around.
Speaking of scammy dealers. I went on Edmunds and got the MF, Residual, and LC for the car I’m trying for. I don’t have any reason to disbelieve the info from Edmunds as it seems many others are going there for the same info.
Anyhoo I had a dealer tell me today “You do not get the untaxed incentive because it is NOT a public rebate.”
I did some research and there is something called a Manufacturer to Dealer rebate. Is that what the dealer means or is he just trying to take me for a ride?
Hondas are great cars but unfortunately in SoCal at least have an absolutely terrible dealer network. Yeah let me go ahead and get that nitrogen for $100 boss. That sounds like a deal to me, you know, cuz I’m just an ignorant idiot who likes to feel like he got a good deal on the price only to have a shitty deal overall.
