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Honda Civic Lease Questions

591 messages,  Last post on Aug 29, 2008 at 2:53 AM

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

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#206 of 591 Leasing 2007 Civic LX by breslinp Jan 09, 2007 (6:48 am)
I recently made a trip to Scott Honda, West Chester, PA.   I was looking for a new lease for my wife for a Civic LX. Her current lease which she started before we were married is about up so we went to her original salesman. (buy out option is $9150 with a trade in value of $10500) The salesman there give me a monthly payment of $310/month (no money down). When I asked what he is selling me the car for, he stated, "That doesn't figure into lease payments" I also asked for the current money factor, for which he replied, "What is that?" Are my questions valid?   I then insisted I needed to know the price of the car in case I wanted to buy it. This sent him into a 10 minute speech on why I should not buy a car. Finally he quoted me a car price of $18,355 (MSRP) then asked us to leave to think about it. I was calm during the whole procedings. Is it me, or is this a weird way to sell a car?   This was a little frustrating to me to begin car shopping. I'm going to try Conicelli Honda in Conshocken, PA. Hopefully, they will communicate with me better.   1 question: The currently leased car is slightly over the mileage. If we use the buy out option, are we responsible for the $0.15/mile fee as well? The lease terms are not clear in their writing on this.   Thanks everyone! Hope your car shopping goes well. Replies to this message: Car_man (Feb 06, 2007 4:14 am)
#207 of 591 2007 Lease Rates Civic EX by jicbulk Jan 09, 2007 (11:08 am)
Hi Car_man,   Looking at the Sedan with Man'l tranny and without NAV. Looking at 24 and 36 month terms with 12k mi/year. Can you tell me the residual and money factors (I figure I'm in the "Super Preferred" bracket....).   Thanks! -Jicbulk Replies to this message: Car_man (Feb 06, 2007 4:19 am)
#208 of 591 '07 Civic SI Coupe by jdillen Jan 14, 2007 (10:00 am)
MSRP: $21,685 Selling Price: $21,685   What are the residual and money factors for a 36 month lease? The kicker is that I need extra mileage (current lease is 20k miles/yr and that's what I'd need). How does that affect the residual and money factors? I'd assume it would just lower the residual value b/c of the additional mileage put on the car. Any info. would be much appreciated. Thanks!
#209 of 591 Lease Buy-outs by red7230 Jan 30, 2007 (4:24 pm)
Replying to: robsig (Oct 15, 2006 9:42 am) Hello... This is probably a dumb question, but I am going to ask anyway.   I have a 04 Civic lease ending in 9/1/07 I am currently over the miles and estimate that by the lease end I will be over by apprx. 25-30K miles.   I am thinking about buying out the car because it is good vehicle, I do not want to lease another car (I moved jobs a month after I got the lease which is why I am over) and I do not want to take out a new car loan. I would rather just pay the 8900 buyout.   So...Here is the question...   Is the lease buyout the AHFC a balloon payment or do they finance that amount? If not, I know the AAA offers a lease buyout loan...does anyone know how that works? Thanks SO MUCH for your help! Replies to this message: qbrozen (Jan 31, 2007 7:50 am) Car_man (Feb 06, 2007 4:22 am)
#210 of 591 Re: Lease Buy-outs [red7230] by qbrozen Jan 31, 2007 (7:50 am)
Replying to: red7230 (Jan 30, 2007 4:24 pm) you can do it any way you want. Send them a check or work out financing with them or another party. As long as they get their money, they don't care.
#211 of 591 am i getting ripped off? by melanie85 Feb 01, 2007 (8:23 pm)
so i went to a honda dealership tonight, and they offered me a 2007 civic ex coupe for $225 a month with $3000 down for 36 months/12k a year. Automatic transmission. Am I getting a good deal, or is this a ripoff? I am located in Long Island, NY.   the $3000 includes tax, title, blah blah blah. Replies to this message: qbrozen (Feb 02, 2007 9:02 am) Car_man (Feb 06, 2007 4:25 am)
#212 of 591 Re: am i getting ripped off? [melanie85] by qbrozen Feb 02, 2007 (9:02 am)
Replying to: melanie85 (Feb 01, 2007 8:23 pm) what is the purchase price? residual? money factor?
#213 of 591 Re: Leasing 2007 Civic LX [breslinp] by Car_man HOST Feb 06, 2007 (4:14 am)
Replying to: breslinp (Jan 09, 2007 6:48 am) Hello breslinp. Consumers who exercise their lease-end purchase option on their vehicles do not have to pay any sort of penalty for excess mileage or excess wear and tear.   Car_man Host Prices Paid Forum
#214 of 591 Re: 2007 Lease Rates Civic EX [jicbulk] by Car_man HOST Feb 06, 2007 (4:19 am)
Replying to: jicbulk (Jan 09, 2007 11:08 am) Hi Jicbulk. Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Honda Civic Sedan EX without navigation with 12,000 miles per year are .00380 and 73%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. As you can see, Honda's 24 month lease program for this car is terrible. If you really want to lease one, you would be much better off going with a 36 month lease. Its current 36 month, 12,000 mile per year numbers are .00275 and 63%. This is Honda's standard lease program, but at least it's not as bad as its24 month program.   Car_man Host Prices Paid Forum
#215 of 591 Re: Lease Buy-outs [red7230] by Car_man HOST Feb 06, 2007 (4:22 am)
Replying to: red7230 (Jan 30, 2007 4:24 pm) Hi red7230. I'm sorry to hear that you're so far over your vehicle's mileage allowance. Your question wasn't dumb at all. You should be able to finance its lease-end purchase option price either through Honda Finance or an independent bank. Place a call directly to Honda Finance to see what sort of interest rate they offer for you to finance your vehicle's purchase option price. If the rate is good, go for it. If not, check with some other banks or credit unions to see if you can beat it.   Car_man Host Prices Paid Forum

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