I'm leasing a new Honda Accord coupe 2015, I went in to talk to the guy about all the details. I'm trading in my old car. He appraised it at 9,500 bc it's been in 2 accidents. Both accidents were the cause of the other drivers
However the car is fixed and all damages were paid by the insurance. I also recondition vehicles for a living so it looks clean.
The car has 19,455 miles on it. 2012 version. I don't drive a lot so that's why I'm looking to lease.
Now I still owe $14.336 on the vehicle, but I made a deal with Honda on paying off my loan. Obviously there was negative equity but they said they would pay it fully if I leased. Now on my used car, my monthly payments were $420. On my new lease if I decide to do it, it would come out $425. No down payment, no acquisition fees, no security deposit, nothing, just my first lease payment of $425.
I want to know if this is a good deal or if something seems fishy. Also, if it is a reasonable deal, what questions should I ask the finance manager? Someone told me the most important question to ask is about the money factor (B Factor)? Is this true?
Any tips or advice would be great