Hi All. Noob here and frequent short term lurker as of late. Any recommendations on what I should be shooting for for a monthly payment with zero down on a 2017 Honda Accord Sport SE with an MSRP of $27,190? I’m on the RI/Mass border.
I stopped by a dealership today and their original offer was around $314 a month with only first payment plus doc ($349) & registration fee ($150) due for 12k/year 36 months. I think the cap cost was around $24k
Got them down to 248.15 /month (including sales tax) with them applying $500 customer cash down which covers first payment and most of the fees. Can’t remember what the capital cost was on the most recent offer of $248 which doesn’t have the capital cost on the sheet. They were throwing so much paper at me I didn’t notice it until I left.
Residual is 57% and money factor is .000590
Thanks