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Honda Civic Lease Questions

1452 messages,  Last post on Jun 11, 2013 at 4:27 PM

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

Messages Page 138 of 146

#1366 of 1452 Re: 2013 EX and EX-L Lease [Car_man] by mugenex6

Jan 14, 2013 (10:36 pm)

Replying to: Car_man (Jan 14, 2013 5:15 pm)
Hi Car_man, I'm very new to this lease stuff and I've read through a few pages but not able to understand completely on how to calculate the monthly payment. It's a little intimidating. I'm hoping you can assist me with my purchase?
 
I'm looking to get a 2013 Honda Civic LX. (Looking for cheapest Civic to keep payments as low as possible).
 
--Let's assume I've negotiated a price of 800 below invoice on the LX. 18423 - 800 = 17623. + TTL (I hope that's a good price)
--I live in Chicago (Cook County). I believe the tax rate is 8.25 for Cook County.
-- I am not looking to put anything down (Zero deposit, zero down)
-- Documentation fee = $170
-- 12,000 Miles a year (I'm open to 15,000 ofcourse)
-- 3 Years/36 month lease.
-- As you mentioned above Lease rate = .00155 and residual value = 61%.
 
How do all these numbers come together? How do I calculate the monthly payment out of these numbers? I hope you can help.

#1367 of 1452 Re: 2013 EX and EX-L Lease [mugenex6] by jipster

Jan 16, 2013 (12:29 pm)

Replying to: mugenex6 (Jan 14, 2013 10:36 pm)
Looking for cheapest Civic to keep payments as low as possible).
 
You'd save a couple grand by going with a new 2012.

#1368 of 1452 Re: 2013 EX and EX-L Lease [jipster] by mugenex6

Jan 17, 2013 (1:19 pm)

Replying to: jipster (Jan 16, 2013 12:29 pm)
I agree, but I like the new look so much more, and rear view camera standard on 2013 LX, and dont like any of the 2012 colors left in stock.

#1369 of 1452 Right on the 2013 by robtroxel

Jan 17, 2013 (1:34 pm)

There are very compelling reasons why Honda went back to the drawing board on the 2012 Civic so soon! You are right to go for the 2013 as the 2012 effort fell far short of the competition. We skipped over the 2012 Civic for an Acura ILX with no regrets. In the end, saving a couple of grand means not much when you are driving a cheaply implemented noisy 2012.

#1370 of 1452 2013 Honda Civic LX by awal1

Jan 17, 2013 (3:12 pm)

Hi I'm extremely new to buying/leasing any car at all. I will be going with my mom to cosign on a Honda Civic this weekend as my first car just cost too much in maintenance to warrant keeping. I was looking into leasing a Honda Civic LX sedan for 15,000 miles 36 months. I don't want to put anything down and want to include tax/title fees into the loan. My mom has top tier credit so I'm assuming I will have a lower rate. Does anyone have a ballpark estimate on what I should be paying for this or do I need to provide more information?

#1371 of 1452 Low mileage lease by dholly

Jan 18, 2013 (9:53 am)

Hello all,
 
Searched but came up empty handed on this question. I'm looking at low mile leases for a top tier senior citizen in upstate NY. Can I get the MF and residual please for a 2013 civic lx auto, 36 and/or 39 mo., 10k and/or 12k mi./yr
 
Thanks ever so much!

#1372 of 1452 Re: 2013 EX and EX-L Lease [mugenex6] by Car_man HOST

Jan 21, 2013 (1:40 pm)

Replying to: mugenex6 (Jan 14, 2013 10:36 pm)
Hi mugenex6. I'd be happy to work up a payment on this car for you. In order to do so I need both its selling price and MSRP. I will use the $17,623 that you me mentioned as the selling price and the $18,955 that is listed here at Edmunds.com as the MSRP.
 
According to my calculations, if you were to lease this car through Honda Finance right now for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $204.
 
Sales tax will add a decent amount to that in Illinois though. That is notoriously one of the worst states to lease in, tax-wise. You might be looking at another $40 per month in sales tax in your area. Ouch.
 
You can plug these numbers into the formula that is outlined in the following article to work up a payment on your own: Calculate Your Own Lease Payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1373 of 1452 Re: 2013 Honda Civic LX [awal1] by Car_man HOST

Jan 21, 2013 (1:44 pm)

Replying to: awal1 (Jan 17, 2013 3:12 pm)
Hi awal1. You're probably looking in the range of $220 or so per month before tax for a 36-month, 15,000 mile per year lease of this car. The exact payment will depend upon the selling price that you are able to negotiate.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1374 of 1452 Re: Low mileage lease [dholly] by Car_man HOST

Jan 21, 2013 (1:46 pm)

Replying to: dholly (Jan 18, 2013 9:53 am)
Here's the information that you're looking for, dholly.
 
Honda Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Civic Sedan LX auto with 12,000 miles per year are .00155 and 63% for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 39-month lease are .00155 and 61%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1375 of 1452 2012 Honda Civic cap cost vs purchase price by nitetalker

Jan 21, 2013 (7:54 pm)

I had an interesting experience at Roberts Honda in Downingtown, PA tonight shopping for a 2012 Honda Civic LX Sedan Automatic.
 
I was really only interested in leasing, but regrettably I failed to follow the often recommended strategy of negotiating the purchase price before mentioning leasing.
 
To make a long story short. the best I could do was
 
Buy
Purchase Price $16,883
6% PA sales tax $1,013
Title, tag $214
OTD $18,110
Down payment $0
Finance Honda special offer 60 pmts 0.9% = $308.91/mo.
 
Lease Honda special offer 0 down
money rate 0.00004
residual 58% of MSRP of $19,595 = $11,365.10
Initial Cap Cost $17,565
Acquisition fee $595
Net Cap Cost $18,160
35 payments $189.93 + 9% PA lease tax of $17.09 = $207.02/mo.
 
I walked away because of the $682 discrepancy between the Initial Cap Cost for leasing of $17,565 and the negotiated price for purchase of $16,883, plus I felt as though I was being bullied. The lease offer as advertised by Honda quotes a net cap cost, including the $595 acquisition fee, of $18,521.96, but notes that "Dealer contribution may vary and could affect actual lease payment." Here it seems that the dealer's offered net cap cost of $18,160 equates to a concession of $361 lower than the Honda lease program as advertised.
 
Am I unreasonable to think they can do better on the lease?

Messages Page 138 of 146

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