Last post on Dec 05, 2013 at 4:17 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Civic, Car Leasing, Coupe, Sedan
#1468 of 1598 LX or EX automatic sedan lease
Jul 18, 2013 (2:31 pm)
Just posting what I’m considering for a one-pay 3yr/36k lease of either a 2013 Civic Sedan LX or EX. What I have so far …
All-inclusive* one-pay (after some Honda cash incentive): $6,007
Residual Value: $12,050
All-inclusive* one-pay (after some Honda cash incentive): $6,620
Residual Value: $13,179
* includes tax, title, tags, dealer doc fee, acquisition fee, depreciation, “rent”,etc.
I’ll post better detail if I execute tomorrow.
BTW, this would be my second lease after a ’12 Accord I leased last year (post #4670 on Accord lease forum) which was a great deal with end-of-model-run incentives. Being a savvier buyer than leaser, I recommend those who are similar and otherwise new to leasing evaluate it against buying the car and then consider the intangibles of the difference in cash flow and the ability to simply walk away without having paid tax on the full value of the car at the end of the lease term.
For example, for the Accord I leased last year I will have paid $7,739 over the lease term. With a residual value of $14,064 and tax on this residual of 7%, if I buy the car at the end of term I will have spent $22,787. Alternatively, if I had purchased and financed (all costs rolled in) for a typical 60 months at a rate of 3%, at the same point in time (36 months into the loan) I’d have paid $11,351 in P&I and owed a balance of $11,436. Paying off the loan then would have also totaled $22,787. In my case I preferred to lease which allowed me to preserve cash flow early and keep the option to walk away at lease-end hassle free or go ahead and buy without having paid too much versus purchasing/financing. Of course, a lower rate than 3% or a total cash buyer would save some money and may be inclined to choose the opposite. Bottom line is it’s not all apples-to-apples and includes much personal preference.
#1469 of 1598 EX Sedan 3yr/36k mi lease
Jul 19, 2013 (6:28 pm)
Just leased a 2013 Civic EX Sedan in silver with gray interior for 3yr/36k miles. Here are my numbers for the all-inclusive one-pay lease.
MSRP: $21,605 ($20,815 + $790 destination)
Sales Price: $19,100
One-Pay*: $6,620 (the only amount paid for the full lease term in a lump sum)
Residual at end: $13,180
* includes: depreciation, “rent” ($11.88), doc & acquisition fees ($250 & $595 respectively), Tax (Ohio 7%), Title ($15), Tags ($52.75) and extra capital cost reduction rebates provided by Honda (-$700) due to college grad program and ???
Upon first negotiating this lease, I asked for both sign&drive (i.e., 100% monthly payments) and one-pay (100% up front). Numbers I was initially given included $500 Honda cash. I then shopped two nearer dealers and got $158 better on the one-pay. I called my initial salesman and presented the “better” deal. He dropped $200. Then, having recently completed a Masters degree, I asked for an additional $500 from Honda for "college grad". This accounts for the extra $700 deducted from the one-pay to arrive at $6620.
Independent of my Honda lease I will also get a nearly $600 rebate from my Citibank Driver’s Edge Charter MasterCard. This is another trick that can be done when leasing. This card lets you earn $500 per year at a 2% rate on your charge use. You can build up $1500 maximum over a 3 year moving window and use it on a new or used car, lease or purchase. If you use it on a 3 year lease, and then re-establish a new credit balance and then purchase the car for residual, you can use it again on the same car! That is once for the lease and another time for the sale. At least I think I can? I’ll find out later.
#1470 of 1598 Re: EX Sedan 3yr/36k mi lease [gofish]
Jul 20, 2013 (1:26 pm)
Also just picked up same car in same colors on Long Island, NY. Silver EX in silver with gray interior, 3 years, 36k miles.
Paid taxes on the 36 monthly payments, bank fee of $595., and DMV fee upfront, total of $1500. Monthly payments are $159. I had visited 3 other local dealers and monthly payments ranged from $189 to $223 for the same deal. Other dealers told me that I was not going to get a Honda Finance lease but it was. They also said that no dealer was going to sell the car for a $2000 loss ( on paper ) but that is what they did.
#1471 of 1598 Re: EX Sedan 3yr/36k mi lease [mitch360]
Jul 20, 2013 (6:25 pm)
Good taste! The wheels on the 2013 EX's really look great in combo with the silver. I didn't like them so well with some of the dark paints I otherwise like. Congrats.
#1472 of 1598 Re: Honda Civic Lease Questions [smart231]
Jul 20, 2013 (6:44 pm)
If you are talking about an LX sedan with automatic, I like some others here had a 3yr/36k mi lease right at $195/mo all costs rolled-in. This was for OH where the common dealer doc fee is $250, tax is 7% and title/registration totals $67.50. This was per an advertised "0 plus $159/mo".
BTW - For 15K per year, miles were offered up front at $0.10 per mile, so an extra $900 would be capitalized in the payments. So perhaps $220+/mo in that case.
#1473 of 1598 Re: EX Sedan 3yr/36k mi lease [mitch360]
Jul 29, 2013 (11:30 am)
i am also in the market for a Honda Civic 2013. Which dealership did you use? Can you refer me, so I can get a similar price? the quotes I am getting are in the 200-250$ range
#1474 of 1598 Re: EX Sedan 3yr/36k mi lease [blueskyny]
Jul 29, 2013 (11:49 am)
Ask for A.K. at Huntington Honda. He uses his initials. The LX should run $139/month and the EX $159/month. Taxes , first payment, and fees should total $1500 down payment. Let me know how you did.
Jul 31, 2013 (5:22 am)
I just leased a 2013 Civic EX and here are the numbers.
Agreed upon price - $19,136
Net Cap Cost - $21,245.5
Residual = 0.61
$0 down and due at signing
$238/month for the remaining 35 months including everything.
I am in Texas so the tax here was on the whole price of the vehicle and goes in the net cap cost.
Also got a one year unlimited car washes thrown in to finalize the deal.
I am very happy with the deal and I definitely recommend the package from FightingChance.com
#1476 of 1598 Re: EX Sedan 3yr/36k mi lease [mitch360]
Aug 07, 2013 (9:31 am)
Was the Huntington Honda Civic LX/EX deal only for July 2013 or you think its still running? Definitely interested in picking up a civic asap.
#1477 of 1598 Re: EX Sedan 3yr/36k mi lease [tito210_nyc]
Aug 07, 2013 (9:39 am)
I have no idea but I would call A.K. and ask. I don't look at the ads anymore since I already leased the car. Good luck.