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Honda Civic Lease Questions

1446 messages,  Last post on May 20, 2013 at 7:28 PM

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

Messages Page 138 of 145

#1370 of 1446 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 1446 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 1446 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 1446 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 1446 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 1446 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?

#1376 of 1446 Follow-up to 1375: Got a better lease deal elsewhere by nitetalker

Jan 23, 2013 (6:28 am)

I've decided to take the lease offer of Piazza Honda in Limerick, PA:
 
money factor 0.00004
residual value 58% of MSRP of $19,595 = $11,365.10
Initial Cap Cost $17,300.50
Acquisition fee $595
35 payments $182.57 + 9% PA lease tax of $16.43 = $199.00/mo.
$0 due at signing
 
I'm still wondering, though, why for this car it seems I could get a better price if I were to buy and take out a loan at 0.9%. Could it be because this is a particularly attractive lease? I've only leased once before, way back in the mid-'90s, and I don't recall the particulars ...

#1377 of 1446 Re: Low mileage lease [Car_man] by dholly

Jan 24, 2013 (1:00 pm)

Replying to: Car_man (Jan 21, 2013 1:46 pm)
Thank you good sir! While we do wish a 10k mi. lease option was available, this may work for us.

#1378 of 1446 First Lease Honda Civic by fdg2390

Jan 29, 2013 (5:44 pm)

This is my first lease and was told Honda Civic would be an ideal model aswell as economical. I have no certain preference on the specific model of the lease.
 
I will be leasing in South Florida and aiming for a 36 month lease with optimally near zero down.
 
Where should I begin? Or what are ideal prices for this month, preferably in South Florida.

#1379 of 1446 help with calculations by doogan3

Jan 31, 2013 (6:13 pm)

Hello,
 
I am also trying to lease a civic and have a couple of questions. I hope someone can help.
 
when speaking to dealer today, in ref to 2013 lx sedan base model, i was quoted a MF of 0.001450 & 63% residual. (This was for Jan - apparently it will change over next couple of days for Feb.) I notice this is marginally better than what was listed here. Given that this is suppose to be std across the country - any idea why it was better. Do dealers actually have leverage on this?
 
How do you calculate the difference from 12000 Vs 15000 miles. All I can get from any dealer ( no matter whether its toyota, honda, etc) is just add another $20-30. What is the formula to calculate this. The basic formula I use to calculate a lease is from this page http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html. I cannot from the life of me find out what variable to change for when its a 15000 Mile lease.
 
Appreciate the help. good luck to all in their quest for a deal!

Messages Page 138 of 145

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