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Honda Civic Lease Questions

1453 messages,  Last post on Jun 20, 2013 at 3:57 AM

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

Messages Page 124 of 146

#1231 of 1453 Honda Lease Newbie Questions by brownmaxxx

Feb 13, 2012 (8:20 am)

Thanks in advance for the help and sorry for the newbie questions. I've read a lot over the past few days and I have searched for answers.
 
I am looking to lease a 2012 Civic EX Navi or EX-L Navi (undecided about the leather seats - could go either way), although most of my questions are probably more generic to Honda than to the specific vehicle.
 
1) Is a $595 acquisition fee standard on all Honda leases? Is this ever waived? Is this ever marked up by dealers?
 
2) Does Honda have a standard Disposition fee? How much? Is it reasonable to expect this to be waived if I re-lease with Honda? Is this up to individual dealer or is it set by the manufacturer?
 
3) What types of things should I be aware of for how Honda classifies excessive wear and tear? Anything that stands out as unusual or different from other companies? Should I expect to pay fees if the tires are worn out at 36,000 miles? Etc.
 
4) Is gap insurance included as standard in Honda leases?
 
5) Does Honda allow the money factor to be bought down with a security deposit?
 
6) Does Honda offer 10K mile leaes? How would this impact the residual factor?
 
7) I had one salesman tell me that the Civic lease would include some of the features of luxury car leases, such as oil changes and other light maintenance (perhaps tire rotations, etc.). Another salesman at the same dealership a few days later said no way. What do you think about this? If this is real, is it a Honda thing or is it just something this dealership might offer as a promotion? The first guy made it sound like it was a standard part of the Honda lease contract.
 
8) Given an MSRP of $24,225 (EX-L Navi), does a selling price of $22,100 seem like a great deal? I have seen it suggested on other web sites that anything under about $22,500 would be fantastic as this is allegedly somewhere around the factory invoice price.
 
Thanks a bunch for your help!

#1232 of 1453 Re: Honda Lease Newbie Questions [brownmaxxx] by robtroxel

Feb 14, 2012 (11:12 am)

Replying to: brownmaxxx (Feb 13, 2012 8:20 am)
Well first, Don't do it! I just returned from the Chicago auto show where I visited the Honda display. The reps there were already in damage control about the crappy interior, namely the dash that looks like a fiber glass nightmare! (Not the only thing to hate) Of course we busted the reps chops about it and to his credit he spent time to tell the truth by saying the "Revisions" coming this fall will fix alot of the short comings seen now. If you can wait, you will get something much better than the current Civic. Otherwise, look elsewhere! There was a day when the Honda was the best game in town, but that disappeared the the great competition which has surpased Honda. Can you imagine, rear seat heaters in a Hyundia Elantra? They are kicking the Civics butt all over the place. Take a look at that car on one of the Fords. All far better choices.
 
Good Luck but please take your time. PS I don't think you can get a 10 K yearly lease with Honda credit.

#1233 of 1453 Re: Car Man -- Help on Civic EX Navi Lease [dan36124] by Car_man HOST

Feb 16, 2012 (5:56 pm)

Replying to: dan36124 (Feb 09, 2012 11:54 pm)
You're welcome dan36124. The rules for sales tax vary from state to state. I know that the value of the trade is definitely subtracted from the sales tax in my state on a lease, but your state may be different.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1234 of 1453 Re: Car Man -- Help on Civic EX Navi Lease [Car_man] by dan36124

Feb 16, 2012 (10:52 pm)

Replying to: Car_man (Feb 16, 2012 5:56 pm)
Interesting. One more mysterious rule and bunch of numbers for a dealer to confuse ya with! I have to find out for sure what happens on a lease, since it's pretty likely I'm leasing whatever I get.
 
Also, one other question. Is there any place to look for residuals and money factors for everybody at a glance rather than needing to post here and wait? Sometimes it can take a little while to get a response, that's all. Are these buy lease rates and residuals posted anywhere all together?? Thanks so much for your help. I think I'm going to post on the Hyundai boards for some info there!

#1235 of 1453 Re: Honda Lease Newbie Questions [brownmaxxx] by Car_man HOST

Feb 21, 2012 (4:34 pm)

Replying to: brownmaxxx (Feb 13, 2012 8:20 am)
Hi brownmaxxx. Here's some of the answers that you're looking for.
 
Honda Finance charges a $595 acquisition fee on every vehicle that it leases. This charge cannot be waived. you have to either pay it at signing or roll it into your vehicle's capitalized cost to make it part of the payment. Dealers are sometimes allowed to mark up banks' acquisition fees.
 
I don't believe that Honda Finance charges a disposition fee, but I am not 100% positive that is the case. This charge is set by the bank that you are leasing through, not the dealer. Almost every time a lessee leases another vehicle from the same bank the disposition fee is waived if there was one.
 
Honda Finance is usually fairly lenient in evaluating vehicles for excess wear and tear. Excessive tire wear is one of the things that they look at.
 
Gap insurance is automatically included on Honda Finance leases.
 
I do not believe that it allows lessees to make additional security deposits to buy down their money factor.
 
I don't think that Honda Finance allows 10,000 mile per year leases on Honda division vehicles, but if it does its 10k residual values would be 3% higher than its 15,000 mile per year residuals and 1% higher than its 12,000 mile per year residuals.
 
Honda does not include free scheduled maintenance on its vehicles. You can get a pre-paid maintenance contract, but you will have to pay for it.
 
The selling price that you mentioned would indeed be a good deal on this car.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1236 of 1453 Re: Car Man -- Help on Civic EX Navi Lease [dan36124] by Car_man HOST

Feb 21, 2012 (4:36 pm)

Replying to: dan36124 (Feb 16, 2012 10:52 pm)
You're very welcome dan36124. I am not aware of any resource that provides accurate information on manufacturers' current lease programs to the general public.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1237 of 1453 Civic LX Lease by mitch053

Feb 23, 2012 (9:44 pm)

Just leased a Civic LX in NJ and I think I did ok. 36 months, 12k miles/year, $1999 at signing plus tax, tags, registration, $139/month. Does this sound ok?

#1238 of 1453 2012 Civic Coupe Lease Price by kelvs

Feb 24, 2012 (11:44 am)

Hi everyone,
 
I'm looking to lease a 2012 Civic Coupe EX in Southern California. 12k miles a year, 36 mos. and no downpayment. The Dealer offered $230 including tax with no down on an LX (I was looking for an LX a week ago but decided to get a EX now). I'm wondering if I could get an EX for the same price or even lesser on another dealer? Mom (co-signer) has excellent credit. Appreciate your help.

#1239 of 1453 2012 civic sedan w/navi leasing, bad? by jason115

Feb 24, 2012 (3:41 pm)

just got a quote from honda dealer for 2012 honda civic EX with navigation and sunroof. Since my credit isn't that good(around 720). They offer me $3000 for DP, $370 monthly payment(include TAX) for 35 months leasing term, and the residual price is $13500 at the end of lease. How is this sounds? how bad of this deal?

Messages Page 124 of 146

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