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Prices Paid: Buying & Leasing Experiences Honda Civic Lease Questions
832 messages, Last post on Dec 03, 2009 at 10:20 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: gmoses (Oct 06, 2008 3:00 pm) To answer your question yes, you should definitely worry about residual and money factor. Most dealers are upfront and honest about them but it's best to get multiple quotes. You can call and ask to talk to a salesman or even email and he will give you the numbers 99% of the time, no questions asked. READ MY LAST POST ABOUT HOW TO CALCULATE A LEASE PAYMENT TO FULLY APPRECIATE HOW IMPORTANT THESE NUMBERS ARE. Get several quotes, in writing if necessary. Make sure they aren't adding in $1,000 worth of BS fees like window etching, paint sealant etc. They may give you the lowest sale price on the vehicle then add a couple of grand in bull crap fees to get their money back. Also, normally the only difference between a 12,000 mile per year lease and a 15,000 mile per year lease is the residual will be lower on the higher mileage lease. FOR EXAMPLE: If you are getting 50% on the 12K the 15K will be 48% or so. |
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why is honda's money factor so high? its about 6.5% when everyone else is like 2% lower.
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Replying to: Car_man (Oct 06, 2008 4:15 pm)
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Replying to: t_c (Oct 11, 2008 9:04 am) The only logical explanation is that Honda obviously doesn't want a lease program. It is WAY smarter to buy a Honda vehicle due to Honda's inability to offer any lease support on their vehicles. Don't be a fool. Buy them.
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Replying to: djhalptert (Oct 14, 2008 6:28 pm)
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Replying to: jmcbmw (Oct 15, 2008 5:01 pm) |
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Replying to: jmcbmw (Oct 11, 2008 11:12 am) The money factor for an otherwise identical lease of an '09 Coupe and Hybrid are 58%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Oct 15, 2008 5:42 pm)
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Replying to: jmcbmw (Oct 15, 2008 9:12 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Oct 16, 2008 3:23 am) But don't you think its kind of backwards as to what is really going on in the finance market? I mean the rates are going down that banks pay, but yet their raising their rates higher.....? So really whats happening is that the Honda Fiance is making a wider yeild spread on their money. And this might be due to the fact that their sales are dropping so fast that they might need to profit in other areas... Well I don't know. I'm still trying to decide if I should lease a Civic or Accord... what does everyone think? I mean from what I'm seeing its like a $20 a month difference for the Accord.
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