- #537 of 579
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Re: CARMAN OR KYFDX- 2008 HONDA CIVIC EX w/o leather or Navi [Car_man]
by kerb
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May 10, 2008 (11:31 am)
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Replying to: Car_man (May 08, 2008 4:24 am)
HI CARMAN, thanks for your response. My apologies for not advising that I was requesting figures for an '08 Civic EX (w/o leather or Navi) Coupe. Could you kindly provide same for a 36/12 and 36/15? Also, are there any incentives/rebates to consumer and/or marketing support to the dealer? Thx. a million!
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- #538 of 579
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Re: CARMAN OR KYFDX- 2008 HONDA CIVIC EX w/o leather or Navi [kerb]
by Car_man HOST
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May 13, 2008 (2:21 am)
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Replying to: kerb (May 10, 2008 11:31 am)
You're welcome, kerb. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Civic Coupe EX without leather or navigation with 15,000 miles per year are .00165 and 58%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The money factor for an otherwise identical lease with only 12,000 miles per year would be the same, but its residual value would be 2% higher.
I don't believe that Honda is currently providing any cash incentives on the '08 Civic.
Car_man
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- #539 of 579
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CARMAN- opinion please
by oldbob
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May 19, 2008 (2:42 pm)
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2008 Civic EX manual trans. Based on a sales price of $17606 in NY, what is your current estimate for a lease, rolling sales tax and acquisition fee into payments. I believe NY sales tax would be 8.25%
Thanks for any input.
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- #540 of 579
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Honda Civic EX-L w/Nav Price/Residual - 24 months only!
by djbeatsg
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May 20, 2008 (6:04 am)
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Hi I have the following quote so far:
ex-l w/nav coupe
msrp: $23,095
invoice: $21,500
price:$20,800 - includes destination/handling.
Great deal I hope, I'm going to work out the lease today but it is hard to get the residual value for 24 months on this model. It's the highest end civic ex, and one person here said their RV was 73% on 24 months. That matches the forum on leasecompare.com, but some generic calculators still calculate at 63% resid which does not make sense because some people got 36 month leases with 63% residual value and I highly doubt a car's depreciation stops in the 3rd year?
Any idea what it should be? And what is the MF on ex right now with 680 fico.
What else should I look for? They say all I'll pay will be lic, doc and ca tire fees.
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- #541 of 579
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Re: Honda Civic EX-L w/Nav Price/Residual - 24 months only! [djbeatsg]
by hondamattnj
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May 20, 2008 (8:14 am)
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Replying to: djbeatsg (May 20, 2008 6:04 am)
Civic EX-L Nav Coupe 24 month Residual
12,000 miles - 69%
15,000 miles - 68%
A 680 FICO falls under the AHFC "Preferred" category.
- .00238 MF
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- #542 of 579
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Re: Honda Civic EX-L w/Nav Price/Residual - 24 months only! [hondamattnj]
by djbeatsg
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May 20, 2008 (11:42 pm)
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Replying to: hondamattnj (May 20, 2008 8:14 am)
Now the problem is figuring out if i can get rid of junk fees like the $595 added to the net cap cost (maybe acquisition?!) and security deposit ($400?!)
I have 680 and a dealer started by telling me .0038 or something ridiculous (thats like over 9.5%) and he was busy with someone else closing a deal so we decided we'll wait and shop another dealer. Any ideas what is negotiable in those areas?
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- #543 of 579
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Re: Honda Civic EX-L w/Nav Price/Residual - 24 months only! [djbeatsg]
by gforce11
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May 23, 2008 (2:21 pm)
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Replying to: djbeatsg (May 20, 2008 11:42 pm)
acq fee isn't really a junk fee since the bank gets it. security deposit lowers your MF. Usually necessary if your credit score isn't high enough to get "super preferred" tier. If your credit is 680, then you are probably tier 2, which is why you need a security deposit. May be able to negotiate the doc fee tho.
At .0038, I would write off that dealership completely. They are taking advantage of you. Civic EX Coupe is around .00165, I can't imagine the sedans being any more than that.
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- #544 of 579
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Re: Honda Civic EX-L w/Nav Price/Residual - 24 months only! [gforce11]
by jdunnisher
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May 23, 2008 (3:18 pm)
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Replying to: gforce11 (May 23, 2008 2:21 pm)
Civic Sedans are currently at .00190 for tier 1 through AHFC.
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- #545 of 579
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Re: Honda Civic EX-L w/Nav Price/Residual - 24 months only! [jdunnisher]
by shinng
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May 24, 2008 (12:08 am)
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Replying to: jdunnisher (May 23, 2008 3:18 pm)
Correct me if I'm wrong, but if the published rates are generally for tier 1 credit, how does one factor in tier 2, tier 3, etc for the money factor? Is there a rule of "add + XX%" for each tier above tier 1? I do not have tier 1 or tier 2 credit and want to make sure that when I get quotes from dealers, I am not getting hosed on the money factor just because I do not have tier 1. It's easy to compare tier 1 money factor rates as it's posted everywhere on the boards, but it seems impossible to find out the money factors for tier 2,3, etc.
Any help is appreciated.
Thanks.
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- #546 of 579
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Re: Honda Civic EX-L w/Nav Price/Residual - 24 months only! [shinng]
by dwynne
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May 24, 2008 (7:22 pm)
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Replying to: shinng (May 24, 2008 12:08 am)
Unfortunately, there is no "rule of thumb" to know what the rate is once you move past the top tier. Most Honda dealers do not mark up the lease rates, so the odds are good you will get the rate that Honda offers based on your score. You can also compare deals from more than one Honda dealer and see if they offer you the same rate, then you know it is likely the proper one.
Dennis
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