Please help me understand this a bit more because I think they tried to rip me off.
I just walked away from a 2017 Honda Accord CVT Hybrid that was advertised for 229 per month (before taxes) and $2,699 down.
After taxes and fee's, I expected a payment of $260- $270 However my dealership wanted $303 and I couldn't get a clear answer to why.
What dealership offered: http://ift.tt/2xn5HRT
(I wrote in blue what Honda offers on their hondafinancialservices website which I also pasted the fine print below (http://ift.tt/2eNoZV7)
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Dealership is adding 595$ acquisition fee, even though the Honda terms say that's included in the price. I need clarification on this - does the Net Cap cost includes the $595 fee in itself, or does it include an extra $595 fee?
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Dealership is also charging almost $3000 more for cap cost ($25,385) vs Honda's advertised ($22,651.49)
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But the bottom line is the total lease payments of $9,964.44 vs Honda's advertised $8,244
I'm trading a 99 Honda accord for $300 - Which is fine. It's a car that's been sitting around for years and looks like crap.
The fine print from Honda:
Closed end lease for 2017 Accord Hybrid CVT Hybrid (CR6F3HEW) available from September 6, 2017 through October 31, 2017, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $30,480.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $22,651.49. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $8,244.00. Option to purchase at lease end $14,935.20. Must take new retail delivery on vehicle from dealer stock by October 31, 2017. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.
Submitted September 10, 2017 at 01:10AM by financeacar http://ift.tt/2xnhkIo
