Hi All - would love input on this deal:
'24 Honda Civic Sport (Hatchback)
Location: Illinois
MSRP: $27.445
Sale Price: $26,192
MF: .00198
Residual: 59%
Due at signing: $1923.00
Monthly: $329/mo
You don’t have correct MF in your calc…
Sorry, had some things incorrect, fixing it now.
If anyone asked whether you’d spend the purchase price of a Civic ($26k) to rent them for six years, you’d automatically say no, right?
You are right.
Unfortunately most cars cannot be hacked. The programs (RV, MF and rebates) just don’t allow it.
OTOH the Civic’s stellar value retention makes it an excellent purchase/finance candidate.