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Honda Civic Lease Questions

1445 messages,  Last post on May 13, 2013 at 11:25 AM

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What is this discussion about? Honda Civic, Car Leasing, Coupe, Sedan

Messages Page 117 of 145

#1159 of 1445 Re: 2011 Civic Coupe LX [msuspartans73] by Car_man HOST

Apr 24, 2011 (3:47 pm)

Replying to: msuspartans73 (Apr 22, 2011 6:47 am)
Here's the information that you're looking for, msuspartans73. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Civic Coupe LX with 15,000 miles per year are .00057 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
When negotiating your deal on this car, make sure to take advantage of the $1,000 dealer cash that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1160 of 1445 Lease trader anyone bought off of here? by rrich49132

Apr 27, 2011 (5:59 pm)

I came across this link on lease trader:
 
http://www.leasetrader.com/lease-specials/2011-Honda-Civic-LX-14229.xhtml
 
$149 for a 3 yr lease. I wonder how much out of pocket is needed at closing?

#1161 of 1445 Re: 2011 Civic Coupe LX [Car_man] by carterg

Apr 29, 2011 (1:51 pm)

Replying to: Car_man (Apr 24, 2011 3:47 pm)
Hi Car Man,
 
What would a current lease deal be for the 2011 Civic LX for 24 or 36 months with 15k miles annually?
 
Thanks!
Carter

#1162 of 1445 2012 Civic LX featured lease by sportflyer1

May 04, 2011 (5:41 pm)

Hi car man
Honda released their 05-03 to 6-02 feature lease on the Civic an LX auto for $189 /36 months, no security dep. and $2599 due plus tax & lic. $19504 msrp and $13,000 residual Plan to take advantage of our tier one credit, so what is the Money factor on this deal. Is it a great deal, good deal or average deal? Are they firm on this payment, or can we bring the msrp a few hundred off the msrp to lower the payment a few bucks?
 
thanks
sport flyer1

#1163 of 1445 Trading in a 2008 EX lease for a new EX by kc527

May 06, 2011 (12:41 pm)

Hi,
 
I currently lease a 2008 Civic EX. The lease is up on August 1. I really like my Civic but don't wish to purchase it, so I'm looking into leasing another EX (I'm assuming the 2011, as I've heard production of the 2012 is limited for now). The car itself has a few scraps and bumps in addition to the tiny scratches of wear and tear of living in a big urban environment, and I'm assuming that it will cost me some penalties when I turn the car in.
 
I have a few questions, as my 2008 civic was the first car I've leased, and I'm not sure what to expect when trading in a lease.
 
First, is it possible to trade in my current lease early to a dealer if I lease a newer model for them, and if so, can I negotiate to have my remaining payments and/or damages subsidized? What is reasonable to negotiate?
 
Second, given the earthquake, etc, would it be wiser to try to transfer a lease now or wait until later in the summer? In other words, will prices/money factors be going up or down? And what are the current money factors anyway? Are there any current deals that I should be aware of or be taking into consideration?
 
Lastly, any thoughts on the value of a 2011 vs 2012?
 
I'm kind of new at this (I'm a young grad student and my last lease was negotiated by my parents), so any help would be greatly appreciated.
 
Thanks!

#1164 of 1445 Re: Trading in a 2008 EX lease for a new EX [kc527] by sportflyer1

May 06, 2011 (7:29 pm)

Replying to: kc527 (May 06, 2011 12:41 pm)
I am planning to lease a 4 door lx, because it is the feature lease ( manufacturer supported lease). Seems like Honda is now only giving lease support on the 2012's here in Socal. They are offering 2.9% financing on the 2011. I have done an early trade before, man they really ding you on that, best thing is finish up the lease, 95% of Civics are made in North America and there should be an adequate supply of cars. It is the Japanese assembled cars that are problematic, because it takes a lot of elecricity to run a assembly plant, but less to run a parts factory

#1165 of 1445 Re: 2011 Civic Coupe LX [carterg] by Car_man HOST

May 08, 2011 (5:09 pm)

Replying to: carterg (Apr 29, 2011 1:51 pm)
Hi Carter. This car's lease payment will depend upon what its selling price is. Let me know this car's MSRP and approximate selling price and I'll crunch some numbers for you.
 
Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2011 Civic Sedan LX with 15,000 miles per year are .00260 and 66%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 36 month lease are .00200 and 58%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1166 of 1445 Re: 2012 Civic LX featured lease [sportflyer1] by Car_man HOST

May 08, 2011 (5:16 pm)

Replying to: sportflyer1 (May 04, 2011 5:41 pm)
Hi sport flyer1. Honda Finance is not currently providing any lease support on the Civic. As a result, if you were to lease one through Honda Finance right now, you would have to use its standard lease program. Its current buy rate standard lease money factor for 36 month leases is .00200 for consumers who qualify for its top aka "Super Preferred" credit tier.
 
A money factor of .00200 is equivalent to an interest rate of around 4.8%, which isn't bad but isn't amazing either.
 
Normally I would say that a savvy consumer who is in an area that has a decent level of competition would be able to beat a manufacturers' advertised payment like this, but given how high gas prices are and the supply constraints as a result of the Japanese earthquake I actually think that amazing deals on the Civic are going to be hard to come by right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1167 of 1445 Re: 2012 Civic LX featured lease [Car_man] by sportflyer1

May 08, 2011 (6:48 pm)

Replying to: Car_man (May 08, 2011 5:16 pm)
Hi Car_man
 
Thank You for replying to my post. Your second opinion is appreciated. I guessed that the money factor was approx. 0020 , making it an average deal, nothing worse. I just got back from the dealer a few hours ago and I have an appointment to do the deal next Saturday. We agreed that everything will be done according to the feature lease, nothing more nothing less. I will be paying MSRP then. They did not have my color pref. silver or very light blue today. It actually was relaxing negotiating with the feature lease, every trick they try to get you to pay more, you can counter with the fine print. but when all is done I will end up paying over $3200 OTD including first months lease payment

#1168 of 1445 Re: 2012 Civic LX featured lease [sportflyer1] by bobash

May 14, 2011 (2:25 pm)

Replying to: sportflyer1 (May 04, 2011 5:41 pm)
I've read that if you want to quickly figure out whether a lease deal is good or not, you have to figure out the monthly payment per $10K worth of vehicle.
 
If that amount is less than $150, it's a decent deal. If it's closer to $100, that is about as good a lease deal as you can get. So, your MSRP is: $19,504. Your payment (including down payment) comes out to $261.
 
Your monthly payment per $10K of vehicle = $133
 
This is an OK deal. When Honda was doing their $0 $0 $0 promotion, I think the deals were around $120 per month
 
Here's the article explaining this method in more detail:
 
How to Quickly Figure Out if a Lease Deal is Good

Messages Page 117 of 145

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