Hello Hackrs,
Here is the deal I got from my local dealer (Folsom Lake Honda in California):
MSRP: $23,175
Vehicle Price: $20,759.80 ($19,562 Car Price + 595 Acquisition Fee + 602.80 Drive off).
Residual; 59% (13,675.25)
Money Factor: 00060
Term: 36/12k miles per year
Base payment plus tax: $217.49 + $17.94 (8.25 sales tax) = $235.45 per month.
I know I am paying tax and interest on my Acquisition Fee & Drive off (which is about $126.64 in interest or extra $3.52 per month in terms of interest). To me it’s a small price to pay considering this is a lease after all and I am just following the principle of no down payment. I am just taking this a step further.