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Honda Civic Lease Questions

1446 messages,  Last post on May 20, 2013 at 7:28 PM

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

Messages Page 122 of 145

#1210 of 1446 2012 Honda Civic LX 4dr Automatic lease [Car_man] by yeo24

Dec 04, 2011 (6:52 pm)

Replying to: Car_man (Sep 26, 2011 3:31 pm)
Hi Car Man,
 
I'm looking to lease a 2012 Honda Civic LX 4dr Automatic vehicle. I've called a few places and got rough quotes for the lease, and the best deal I got was $530 out the door with $216.40/month for 36 months (36k miles). I don't want to put any money down, but am willing to pay for the registration fees and all that upfront if that method saves me a couple hundred dollars. Do you think that is a good deal? What do you believe is a good deal in terms of financing this vehicle? Thank you!

#1211 of 1446 Re: 2012 Civic EX-L [kcarnes92] by Car_man HOST

Dec 06, 2011 (5:19 pm)

Replying to: kcarnes92 (Dec 04, 2011 2:55 pm)
Hi kcarnes92. Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Civic EX-L Sedan with 12,000 miles per year are .00185 and 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
Vehicles' residual values are based upon a percentage of their full MSRP including the destination charge.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1212 of 1446 Re: 2012 Honda Civic LX 4dr Automatic lease [yeo24] by Car_man HOST

Dec 06, 2011 (5:21 pm)

Replying to: yeo24 (Dec 04, 2011 6:52 pm)
Hi yeo24. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If you were able to provide us with this car's selling price, we would be able to see how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know and we'll tell you what we think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1213 of 1446 Honda Special Lease Question by ophirido

Dec 19, 2011 (7:27 pm)

Hi Car Man and others,
 
Can anyone explain the breakdown of the lease advertised on Honda's web-site?
 
2012 Civic Sedan Automatic LX Featured Special Lease
$0 down payment
$0 security deposit
MSRP $19,425.00 (includes destination).
Actual net capitalized cost $19,511.76 (includes $595 acquisition fee)
Option to purchase at lease end $12,237.75 - I assume it means "Residual"
 
Honda web-site advertises this as $230.00 per month for 35 months ($0 first months payment)
 
Please help explain the following:
 
1. When calculate residual from the above it turns out %63 not %61 posted on this forum.
 
2. When calculate monthly using above numbers it turns out 266.54 not 230
 
Thanks.

#1214 of 1446 Re: Honda Special Lease Question [ophirido] by kyfdx HOST

Dec 19, 2011 (8:23 pm)

Replying to: ophirido (Dec 19, 2011 7:27 pm)
1) Different trim levels often have different residuals. The lower the trim level, the higher the residual (usually)
 
2) Different trim levels often have different money factors, as well.. Reverse engineering that payment, I'd put the money factor on that lease somewhere between .00085 and .00090
 
Regards,
kyfdx

#1215 of 1446 Re: Honda Special Lease Question [kyfdx] by ophirido

Dec 20, 2011 (6:53 am)

Replying to: kyfdx (Dec 19, 2011 8:23 pm)
Thanks for quick reply - any other idea for the difference? A money factor of 0.00085 seems too good... 2%

#1216 of 1446 2012 civic ex lease by honda_ig

Jan 14, 2012 (8:33 pm)

Just leased a 2012 civic EX for $190 a month including all the fees and tax and $1000 down for 36 months 12k miles a year. Is this a good deal?

#1217 of 1446 Lease Termination/New Lease Question by vorare

Jan 24, 2012 (10:49 am)

Hi,
 
I need some advice, and this seems like the best place to ask. I'm going to be helping a relative with her negotiations on a new lease. Her current lease expires in April for a 2009 Honda Civic Hybrid. The complication is that there's some damage to the car that I'm almost certain will go beyond the normal "wear and tear." Specifically, there's a small amount of damage on the rear driver's side from a parking garage mishap.
 
She hasn't had a repair estimate done yet, but she's really hoping to find a way to have the damage cost taken care of as part of starting a new lease. So I guess the questions are as follows:
 
1) If she's willing to lease a new car from the dealer, how likely is the dealer to waive the cost of the damage as part of the negotiation? I've read that dealers sometimes waive excess wear and tear, but I'm not sure how that works or how to go about negotiating it.
 
2) If the dealer will NOT waive the damage, is there any chance that they would roll the cost of the repair into her new lease?
 
Thanks!

#1218 of 1446 Re: Lease Termination/New Lease Question [vorare] by dannymargulies

Jan 27, 2012 (6:07 pm)

Replying to: vorare (Jan 24, 2012 10:49 am)
vorare,
 
It depends how much damage there is. As for rolling costs into the new lease, it can theoretically be done with a small amount and excellent credit.
 
I have seen car dealers in this spot say they will "waive" the additional damages on the car you're turning in, only to make up for it on the price of the new car being leased.
 
The best thing for you to do is get the current vehicle appraised by several dealers (including, if you want, the dealer you plan to get the new car from--you can even give them the last option for your convenience, and as a courtesy).
 
THEN, separately, research what you should be paying for the new car being leased, and negotiate until you get to that number (or as close as you are comfortable with/have time for).
 
By treating the two transactions separately, it will be easier for you to get maximum value for each (whatever that happens to be).
 
Please let me know if you have any questions.
 
Regards,
Danny

#1219 of 1446 Re: Lease Termination/New Lease Question [dannymargulies] by robtroxel

Jan 28, 2012 (6:09 am)

Replying to: dannymargulies (Jan 27, 2012 6:07 pm)
Follow Danny's advise. You will pay dearly otherwise.

Messages Page 122 of 145

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