Join Date: Aug 2010
Location: Western MA
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Is this a good deal? $99/month
OK, here is my situation. I'm downsizing from my ($300/month) 2008 Honda CRV to something smaller and more fuel efficient, and I really need to lower my monthly payments. I've settled on the EX Sedan with premium leather package. They gave me $16K for my trade-in, but I owe $9K on it. So that is $7K difference. They are leasing me the EX for $99/month for 36 months. They must be using the part of the $7k for that and the rest is profit for them.
Is this still a good deal? Maybe I should buy it, but with the lease I can get rid of the car if it's a lemon. Plus, it's only 99/month!