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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

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


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#679 of 832
Re: [usair] by jeanrosenf
Apr 16, 2009 (2:37 pm)
Reply

Replying to: usair (Apr 06, 2009 2:10 pm)

what dealer did you get the $229. from? thanks.
#680 of 832
Re: 2009 Civic Hybrid Lease - April [jeanrosenf] by jeanrosenf
Apr 16, 2009 (2:38 pm)
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Replying to: jeanrosenf (Apr 15, 2009 8:11 am)

Dealer?
#681 of 832
Re: 2009 Civic Hybrid Lease - April [jeanrosenf] by usair
Apr 16, 2009 (6:22 pm)
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Replying to: jeanrosenf (Apr 16, 2009 2:38 pm)

southpint honda in Durham NC
#682 of 832
Re: March Numbers [dolsey01] by dolsey01
Apr 22, 2009 (12:21 pm)
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Replying to: dolsey01 (Apr 03, 2009 12:54 pm)

Just wrapped up a 36M12K lease on a Civic LX Sedan Auto
 
Selling price: $16038
MF .00225
Residual 62%
 
Payment $214 including 7% sales tax.
 
Total out of pocket = $214 first month plus BS $439 dealer fee + tags = $750. I live in MA but this deal was for my Mother in Florida. I could not believe ALL the surrounding dealers get this BS dealer fee and it ranges from $400-600. In Mass, I was complaining about $149 doc fee but I guess we have it good here.
 
Maybe not the best deal but it did it all over email and it saved me a plane ticket and car rental for a weekend so I am pretty happy. Probably the easiest lease I have negotiated and the second one in the last 3 months.
#683 of 832
Re: March Numbers [dolsey01] by Car_man HOST
Apr 23, 2009 (2:32 am)
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Replying to: dolsey01 (Apr 03, 2009 12:54 pm)

Hey dolsey01. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Civic Hybrid with 15,000 miles per year are .00250 and 59%, respectively.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#684 of 832
Re: 2009 Civic Hybrid Lease - April [vorare] by Car_man HOST
Apr 23, 2009 (2:33 am)
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Replying to: vorare (Apr 07, 2009 6:44 am)

Yes, vorare, the dealer cash incentives that you mentioned are indeed still available in April. Shoot for a selling price as close to dealer invoice as possible and then have the dealer subtract the available dealer cash.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#685 of 832
Re: Civic LX Lease [aschmitty] by Car_man HOST
Apr 23, 2009 (2:40 am)
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Replying to: aschmitty (Apr 08, 2009 8:27 am)

Hi aschmitty. Honda Finance's current buy rate lease and residual value for a 36 month lease of a 2009 Civic Sedan LX with 12,000 miles per year are .00250 and 62%, respectively. I haven't seen the residual values for leases of Honda division vehicles through Honda Finance with only 10,000 miles per year. It might now lease Honda models with that few miles. If it does, its 10k residuals are likely 1% higher than its 12k resids.
 
When negotiating the capitalized cost for your lease, make sure to take advantage of the total of $1,000 dealer cash that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#686 of 832
Re: March Numbers [dolsey01] by Car_man HOST
Apr 23, 2009 (2:43 am)
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Replying to: dolsey01 (Apr 22, 2009 12:21 pm)

The Civic is a heck of a car for $214 per month including tax with nothing down. You did a good thing by helping your mother out. Thanks for sharing the details. It sounds like the dealer was fairly easy to work with. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of this site and tell others about your experience with them.
 
I hope that your mother enjoys her new ride.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#687 of 832
Re: Civic LX Lease [Car_man] by dolsey01
Apr 23, 2009 (7:21 am)
Reply

Replying to: Car_man (Apr 23, 2009 2:40 am)

From my post above, my MF on a Civic LX was .00225 and Honda right now is not offering any leases less than 12K.
#688 of 832
2009 Civic LX Lease by utlonghornut
Apr 23, 2009 (10:44 pm)
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I am new to the leasing game and not really sure how I should handle it. I went to the dealership today and discussed leasing or purchasing a new Civic LX. They knocked down the price on the 2009 Civic LX 4D Sedan from $18,255 (MSRP) to $16,500, which seemed like a fair offer to me. We started talking about leasing and he made me the offer of $0 down, $249 per month. Seemed like a good deal to me but I guess it's a manufacturer's deal right now, so maybe I should go lower?
 
Just wanted some advise on how to go about this: should I call around other dealers and try to negotiate a lower price? Is this overpaying or would it still be considered a good deal? Also, I am sure this is pretty obvious, but this is my first new car purchase, so any general advice about how to approach this would be greatly appreciated.
 
Thanks!

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