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Honda Civic, Car Leasing, Coupe, Sedan
#1213 of 1452 Honda Special Lease Question
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
#1214 of 1452 Re: Honda Special Lease Question [ophirido]
by kyfdx@Edmunds HOST
Dec 19, 2011 (8:23 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
#1215 of 1452 Re: Honda Special Lease Question [kyfdx]
Dec 20, 2011 (6:53 am)
Thanks for quick reply - any other idea for the difference? A money factor of 0.00085 seems too good... 2%
#1216 of 1452 2012 civic ex lease
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 1452 Lease Termination/New Lease Question
Jan 24, 2012 (10:49 am)
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?
#1218 of 1452 Re: Lease Termination/New Lease Question [vorare]
Jan 27, 2012 (6:07 pm)
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.
#1219 of 1452 Re: Lease Termination/New Lease Question [dannymargulies]
Jan 28, 2012 (6:09 am)
Follow Danny's advise. You will pay dearly otherwise.
#1220 of 1452 residuals for ex-l nav and ex no nav?
Jan 30, 2012 (2:31 pm)
Could you please let me know the current money factor and residual rates for the:
civic ex-l with navigation - 4 dr sedan
civic ex without navigation - 4 dr sedan
Thank you very much!!!
#1221 of 1452 Residual and MF for LX Sedan
Feb 02, 2012 (9:00 am)
Could you please provide the 36MO/12K MF and residual for the LX Sedan . Trying to negotiate a lease for my elderly mother and need to make sure she is getting the best deal.
I have this for the EX but need to confirm for the LX
36 Month – Residual 62% of MSRP – .00081 Base Rate
Thanks so much!
#1222 of 1452 Car Man -- Help on Civic EX Navi Lease
Feb 05, 2012 (2:09 am)
Hi there. I'm 99% ready (and a little sad) to trade in my 2010 Acura TL and jump into a 2012 Civic EX with Nav. Gotta save some money. MSRP would be 22755. I believe one quote I got was selling price of 21,028. I can figure the financing, but if you could give me the 12 and 15k residuals for 36 months and money factor for top tier credit it would be greatly appreciated!
Also since my trade will be worth more than the new car, I won't have to pay sales tax on the Civic right? This is New Jersey. I know you generally pay the difference....(New car worth 30g, trade in worth 10g, you pay tax on 20g).......So no tax makes sense here right?
I'd really appreciate the info. Looking to do something this week. Thanks!