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Honda Civic Lease Questions

1452 messages,  Last post on Jun 11, 2013 at 4:27 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 118 of 146

#1165 of 1452 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 1452 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 1452 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 1452 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

#1169 of 1452 Re: 2012 Civic LX featured lease [sportflyer1] by sportflyer1

May 15, 2011 (5:52 am)

Replying to: sportflyer1 (May 08, 2011 6:48 pm)
After crunching the numbers I felt that Honda's standard lease is okay for a lease, but a lot more expensive than just buying, I think it was about $2,000 more if you buy the car after 3 years. So I decided to purchase, Honda dealers were only giving a few hundred dollars of MSRP, saying that it is a supply problem. Also owned VW's over the years and I am familiar with which versions are of acceptable reliability. Test drove a 2011 Volkswagen Golf 2.5, was impressed with its quality etc. They had few cars available around the area. the Golf is low volume compared to the Jetta, but they got us the car of our color choice shark blue metallic w/blue tooth and $100 over invoice, 2.9 % interest for 60 months and paid me exactly what I wanted for my trade. Thank you Forum for warning me that Honda does not discount.

#1170 of 1452 Re: 2012 Civic LX featured lease [bobash] by sportflyer1

May 17, 2011 (7:41 pm)

Replying to: bobash (May 14, 2011 2:25 pm)
Thanks for the guide on leasing, the original reason I was interested in leasing was to get a price guide that would prevent the Honda dealers from trying to charge me higher than MSRP on a 2012 Civic. I felt that purchasing a car after the lease, I would have spent extra on acquisition fees, and also on the disposition fee, and the sales tax tack on to the interest. Buying is better, the 2012 Civics interior especially the seats are so plain they look like they came of a 2005 Ford Focus. I bought a VW Golf this weekend at invoice price and low 2.9% interest. The interior looks and feels like it came off an Audi.

#1172 of 1452 36m/12K Lease numbers for 2012 Civic LX Manual by alex177

May 19, 2011 (1:36 pm)

Hi Car_man,
  
What are residual and money factor for 36months/12K lease for 2012 Civic LX manual ?
 
I just got an offer for $17000 including destination. The dealer is in MA.
  
Thanks a lot in advance,
Alex

#1173 of 1452 Re: 36m/12K Lease numbers for 2012 Civic LX Manual [alex177] by alex177

May 19, 2011 (3:45 pm)

Replying to: alex177 (May 19, 2011 1:36 pm)
Forgot to mention MSRP: $18,605 (17,855 + 750)

#1174 of 1452 Re: 36m/12K Lease numbers for 2012 Civic LX Manual [alex177] by alex177

May 20, 2011 (6:55 am)

Replying to: alex177 (May 19, 2011 3:45 pm)
Answering my own question:
 
Residual for 36m/12k lease - %67
Money Factor for perfect credit: - 0.002
 
Regards,
Alex

Messages Page 118 of 146

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