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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 139 of 146

#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!

#1380 of 1446 Re: Low mileage lease [dholly] by Car_man HOST

Feb 03, 2013 (9:30 am)

Replying to: dholly (Jan 24, 2013 1:00 pm)
You're very welcome dholly.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1381 of 1446 Re: First Lease Honda Civic [fdg2390] by Car_man HOST

Feb 03, 2013 (9:32 am)

Replying to: fdg2390 (Jan 29, 2013 5:44 pm)
Greetings fdg2390. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
Someone definitely steered you in the right direction, the Civic is traditionally a solid, affordable vehicle. While the 2013 Civic is better than the less than well received 2012 model was, it is more expensive to lease right now as well.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1382 of 1446 Re: help with calculations [doogan3] by Car_man HOST

Feb 03, 2013 (9:36 am)

Replying to: doogan3 (Jan 31, 2013 6:13 pm)
Hi doogan3. Honda carried its January lease program over through the end of February, so unless it makes an unscheduled change the numbers should be the same. The money factor that you were quoted is likely for a zero due at lease signing deal. The factors for that sort of lease through Honda are typically .00010 lower than they are for a normal lease.
 
The residual value percentage for a lease with 12,000 miles per year is 2% higher than the residual value for a lease with 15,000 miles per year.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1384 of 1446 2013 Honda Civic Si Sedan lease by roadcrazy

Feb 17, 2013 (3:37 pm)

Car_man, can you please provide me with information on a 12,000 mile/year 36 month lease on a 2013 Civic Si Sedan? If it makes a difference Detroit, MI area. Thanks.

Messages Page 139 of 146

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