Is $3000 DAS too much?

Ask the Hackrs
1

First time leasing a car, do you guys mind taking a look at my deal and telling me if it’s good?

Somehting tells me $3000 DAS is too high, but I’m not sure.

Much Appreciated,

$3000 DAS / 36m/12K / $333/mo

2

IMHO Zero DAS is what you want. Zero to me means first month’s Payment Plus plates. Anything over that is at a loss on a lease

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3

Yea this deal includes $1,100 downpayment.

So ideally, there would be no downpayment correct?

According to calculator my monthly payment goes up to $367 without it.

Thanks for your guidance.

4

In my opinion that would be correct. are you saying 1100 Down plus taxes and fees or ?

5

Yes $1100 DP

plus:

1st Month Payment: $367 (without dp)
Upfront Fees: $1,280
Upfront Taxes: $150

6

I would see what the numbers looks like with Zero based on your Calc the payment would go up by about 30 Dollars that’s 1100 over 36 months. you would prob be better off putting that money elsewhere IMHO

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7

i am not pro. it seems like a decent deal though

8

From what I hear from every car person is do not put money down in a lease. It would be a total loss for you if your car totals

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9

Thank you,

As far as paying the fees and taxes upfront tho? Is that wise?

10

In my opinion yes. You are anyways going to pay it. Why accrue interest unnecessarily

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11

Btw which vehicle is this

12

Honda Ridgeline RTL-E

13

What do you guys know about acquisition fees? How negotiable are they?

14

You could contact one of the brokers (maybe @Jeff_BeachCitiesAuto) to see what he can offer. I don’t recall ever seeing a Honda Ridgeline mentioned here, so it’s hard to compare.

Structurally, it looks like this could be a decent lease (high RV, relatively low MF, a hefty discount off MSRP).

There is no “ideal” w/ a downpayment or DAS. It’s mainly about what you’re comfortable w/. Only $1K is going to cap cost reduction in your calc, so it’s not like you would lose much, in the unlikely event of a total loss.

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15

There is no right or wrong answer here. Some like to roll everything in and some prefer to pay these up front.

On a $40k Honda with a relatively low MF, personally speaking I would just roll everything in and do a sign and drive. But that’s just me.

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16

Oh, just realized you might be posting a deal from a well-respected broker here? If so, then the deal is probably pretty good…

17

Yea its from Lease Ninjas

18

They aren’t negotiable. They’re set by the captive / lessor bank.

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19

$3K DAS is pretty normal – lots of signed deals on this site have around that much DAS – You can see them in the “signed” section of the site.

20

Deals can be tailored however it’s needed. In this case, it looks to be a $3k DAS and some down involved.

What you should be doing is evaluating the deal as a whole. If the DAS and/or downpayment are reduced, that just means other levers will be adjusted (i.e. monthly goes up).

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