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Honda Civic Lease Questions

1448 messages,  Last post on May 24, 2013 at 12:34 PM

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

Messages Page 135 of 146

#1332 of 1448 Re: LX 4 door lease [dylrex] by zaxxon25

Nov 01, 2012 (10:17 am)

Replying to: dylrex (Oct 30, 2012 10:22 am)
Hey dylrex ... there was no cap reduction. $0 down.
 
http://www.herbchambershondaofburlington.com/new-car-specials.htm

#1334 of 1448 '12 Civic EX Lease in Chicago by mike_s5

Nov 14, 2012 (11:27 am)

Hi all...
 
I am looking to lease a '12 Civic EX or EX-L in Chicago. I noticed on the Honda website they are offering 0.9% on a 36 mo. lease. What should my monthly payment be with no money down on a good deal? What is the money factor, etc? Is it better to call a bunch of dealerships or use the Honda website for a quote, and what questions/info do I need so I don't get ripped off?
 
Thanks!

#1335 of 1448 Seattle: 2012 Civic EX by seagfs

Nov 15, 2012 (9:54 pm)

Got the following deal
 
- No money out of pocket at signing
- First month paid by Honda Financing
- 36 month lease 12K/year
 
Price - 219.24/month including tax.
Price Pre Tax - 199.62

#1336 of 1448 Re: '12 Civic EX Lease in Chicago [mike_s5] by seagfs

Nov 15, 2012 (9:59 pm)

Replying to: mike_s5 (Nov 14, 2012 11:27 am)
Got the following
 
199.62 before tax including title, license, acquisition fee on 12 Civic EX with 12K miles and 60% residual
 
And a $50 cash back certificate from Edmunds just for doing research on the site.
 
Use USAA buying service to start if you can, or Truecar if no USAA. The dealers call you and you just need to negotiate down on the car price from the price they quote.
 
And don't let the dealers screw with the other variables.. (money factor, residual, etc...)
 
Best advice, model what you think is a fair monthly rate after tax in Excel and just be prepared to call BS on the lease rate even though all dealers will say it is not up to them to change the money factor or residual..
Because , as I found out, even with a set price from USAA or Truecar, they still want to deal.

#1337 of 1448 24 month lease? by koctailz

Nov 19, 2012 (10:16 am)

It seems like all the lease deals here are for 36 months. I am interested in a 24 month lease of a Civic, does Honda Finance only do 36 month leases or are there other options for lease duration?

#1338 of 1448 Re: 24 month lease? [koctailz] by koctailz

Nov 20, 2012 (4:26 pm)

Replying to: koctailz (Nov 19, 2012 10:16 am)
ill reply to my own question. i inquired with a local dealer regarding 24 month lease on 12 Civic LX. He offered: $225/mo and $1999 due at lease signing. A laughable deal imo.

#1339 of 1448 Re: buy numbers for nov & dec? [Car_man] by berk6

Nov 24, 2012 (7:01 pm)

Replying to: Car_man (Oct 30, 2012 5:26 pm)
Hi. I am in the market for 2012 civic hybrid, but on a 24 month lease. do you know the current residuals and money factors? I reverse calculated the 36 month MF to be .0016 based on their current deal, but I've seen other people mention .00077. I also dont know the relationship between 36 and 24 month residuals. I would appreciate any help.

#1340 of 1448 Re: 24 month lease? [koctailz] by Car_man HOST

Nov 25, 2012 (8:03 am)

Replying to: koctailz (Nov 20, 2012 4:26 pm)
Hi koctailz. What you've found is not surprising. Most banks do offer 2 year leases of vehicles, however...short leases are usually much more expensive. The reason for this is that lease payments are composed of two main pieces, vehicles' depreciation and the interest that is being charged. New vehicles experience their most rapid depreciation over the first year of ownership. Longer leases are able to spread out this large depreciation hit out over a larger number of monthly payments than short leases are. If you really want to lease, you really should go with a 36-month term on this model.
 
i>Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1341 of 1448 Re: buy numbers for nov & dec? [berk6] by Car_man HOST

Nov 25, 2012 (8:05 am)

Replying to: berk6 (Nov 24, 2012 7:01 pm)
Hello berk6. Honda Finance's November buy rate lease money factor and residual value for a 24-month lease of a 2012 Civic Hybrid Sedan with 15,000 miles per year are .00030 and 62% for consumers who qualify for its top credit tier. This is for a model without leather or navigation.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 135 of 146

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