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Honda Civic Lease Questions

1445 messages,  Last post on May 13, 2013 at 11:25 AM

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

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

Messages Page 137 of 146

#1354 of 1445 Re: 2012 Honda Civic LX lease [jipster] by kyfdx HOST

Dec 13, 2012 (10:31 pm)

Replying to: jipster (Dec 13, 2012 10:21 pm)
Sorry... I just gave you the math.... It's true and accurate..
 
The total cost of a lease with a $2000 downpayment is only $108 less than without the downpayment (once you add back in your $2000 upfront payment)...
 
A lease isn't magic.. it's just an alternative form of financing.. It works the same way with a purchase loan..
 
If you borrow $30,000 for 3 years at 3.5%, your total cost (including interest) is $31,646
 
If you make a $2000 downpayment, and borrow $28,000, your total cost is $31,536 (including the downpayment) ... for a whopping difference of $110..
 
regards,
kyfdx

#1355 of 1445 Re: 2012 Honda Civic LX lease [kyfdx] by jipster

Dec 14, 2012 (7:58 am)

Replying to: kyfdx (Dec 13, 2012 10:31 pm)
Why then would my deal at Bob Montgomery Honda be $1,160 less over the term of the lease, than the exact same car, same mileage limits, as one at Sam Swope Honda . The only difference being zero down at Sams?
 
Again...why put the 2 grand down if the whopping difference, over 3 years, is only $110 compared putting nothing down?

#1356 of 1445 Re: 2012 Honda Civic LX lease [jipster] by kyfdx HOST

Dec 14, 2012 (8:56 pm)

Replying to: jipster (Dec 14, 2012 7:58 am)
Why then would my deal at Bob Montgomery Honda be $1,160 less over the term of the lease, than the exact same car, same mileage limits, as one at Sam Swope Honda . The only difference being zero down at Sams?

 
Bob Montgomery gave you a better deal? Leases aren't etched in stone.... the deal depends on the selling price of the vehicle...
 
Again...why put the 2 grand down if the whopping difference, over 3 years, is only $110 compared putting nothing down?
 
Exactly my point... why would you?

#1357 of 1445 Re: 2012 Honda Civic LX lease [kyfdx] by jipster

Dec 14, 2012 (9:35 pm)

Replying to: kyfdx (Dec 14, 2012 8:56 pm)
why would you?
 
You wouldn't if you had the choice. Seems to me that "special" lease terms are dictated by manufacturer i.e Honda, not the dealerships.

#1358 of 1445 Re: 2012 Honda Civic LX lease [jipster] by kyfdx HOST

Dec 14, 2012 (9:53 pm)

Replying to: jipster (Dec 14, 2012 9:35 pm)
That's not exactly true... The bank (Honda Finance) sets the terms of the lease... money factor and residual...
 
The dealer determines the selling price... and, if you have decent credit, downpayments are rarely required. This is key... the selling price is negotiable, just as if you were buying the car..
 
Why do they advertise a lease with $2000 down? Payment buyers.. $2000 down and $139/mo. looks a lot cheaper than $0 down and $200/mo., but it's almost exactly the same.. The ads are just examples.. you can structure the lease with whatever downpayment (or none) that you desire... It won't affect the lease terms..
 
The dealer doesn't care if you make a downpayment... he gets the selling price from the bank, either way.
 
regards,
kyfdx

#1359 of 1445 Re: 2012 Honda Civic LX lease [kyfdx] by jipster

Dec 15, 2012 (12:24 pm)

Replying to: kyfdx (Dec 14, 2012 9:53 pm)
O.k. Thanks for the info and your patience. Very helpful.
 
I guess I got a bit lucky on my Civic. Got a pretty good deal with not a whole lot of prior knowledge on the subject matter.

#1360 of 1445 Re: 2012 Honda Civic LX lease [jipster] by kyfdx HOST

Dec 15, 2012 (3:44 pm)

Replying to: jipster (Dec 15, 2012 12:24 pm)
My first lease deal was one of my best ones.... just happened to stumble on to a nice car that wasn't selling well, that had a killer lease program... Just knowing the value of money helps a lot... I didn't know a lot about leasing..
 
But, the 2nd one wasn't so great, and after that, I did a lot of research, and then... there is this Host thing that keeps me in the loop..
 
It would be embarrassing to make a bad lease deal now...
 
Congrats on the new car!!

#1362 of 1445 Re: 2012 Honda Civic LX lease [ktaylor111] by Car_man HOST

Dec 28, 2012 (7:49 am)

Replying to: ktaylor111 (Dec 13, 2012 3:51 pm)
You're very welcome Kevin. I'm glad that you like it here.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1363 of 1445 2013 EX and EX-L Lease by the_dog

Jan 02, 2013 (4:09 pm)

Hi, can you provide me with information on a 15,000 mile/year 36 or 39 month lease on both a 2013 EX and EX-L Civic?

Messages Page 137 of 146

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