$26,274 Adjusted Cap Cost (MSRP - Trade In)

Residual Value is $19175 on a 48month lease

Base Monthly Pmt is $309.24
NC Sales Tax (6%) is $18.56
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Total Monthly Pmt is $327.80

Using www.mjhb.com/lease I was able to find out that based on that info my:

Money Factor is .0355 which is equivalent to 8.52% APR

The dealership checked my equifax credit score, it was 672, and I do have an almost 7 year old bankruptcy but have reestablished my credit which is why my score is still close to 700. So I fall into the Tier B credit area.

Here are the figures from Honda's Lease Calculator. I'm sure that is assuming perfect, Tier A credit.

$26,274 Adjusted Cap Cost (MSRP - Trade In)

Residual Value is $19175 on a 48 month lease

Base Monthly Pmt is $273.34
NC Sales Tax (6%) is $16.40
__________________________
Total Monthly Pmt is $289.74

Using the same lease page, I was able to find out that based on that info Honda's Tier A:

Money Factor is .00276 which is equivalent to 6.62% APR

That means I am paying the equivalent of 1.9% more APR in my money factor with Tier B that what is being offered for Tier A. Over the lease, I will pay $1,826.88 more than a person with Tier A credit.

Does that sound like a good deal? The car will be here Friday, should I go ahead and get it? It's a Silverstone/Red.

 

sounds pretty badass i say go for it