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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: Car_man (Apr 23, 2009 2:40 am) |
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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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Replying to: utlonghornut (Apr 23, 2009 10:44 pm) They can certainly do better than Honda's advertised lease offer. Go back a few posts are read mine regarding my recent lease. My pre-tax payment was $200 Call or email around, get the lowest selling price and then have them calculate the lease payment based on that price. The MF is .00225 and residual for 12K is 62%. Honda Finance's current promotions are good though 5/4.
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Replying to: dolsey01 (Apr 24, 2009 3:07 am)
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Replying to: Car_man (Apr 23, 2009 2:33 am) The most detailed lease offer I have received for a Civic LX AT is $190.84 all in per month with only fees and first month's payment due at signing. Details: Selling Price: $16,023 Term: 36 months Mileage: 12,000 miles per year Money Factor: .00225 Residual: 62 % Due at signing: $1243.09 (Acquisition $595; Tax on fee, $29.75; Title/Sticker/Plates/Doc Fee, $434; first month, $190.84) The lowest selling price I have recieved is $15,534 and I think I can get that down to $15,300. Based on the that, the monthly payment would go down to $175 tax included. Not bad! Note, this confirms the .00225 (not .0025) MF.
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Replying to: bostonben (Apr 26, 2009 1:23 pm) Curious to know if Honda is supporting a 24 month lease on the Civic LX AT. If so, do you know the MF and residual? Thanks.
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Hi Carman, I am considering a 36 month 12K mile lease on a Civic EX-L or Hybrid. I would greatly appreciate it if you could provide the current MF and residual. From other posts it looks like it might be .00225 and 62%? Also, can youo confirm if the above MF and residual can be combined with the current $2000 cash on the car? Thanks in advanvce -Matt
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Hello, I'm new to the leasing game and after just visiting my local Honda dealer in central NJ I came away from the dealership with this offer: My credit is 725 I wanted a no money down lease their proposal 0 down 36 months  260 per month Sticker price - 18,725 Selling price - 16,887 price adjustment (to cover 1st payment and fees) 667.00 adjusted selling price - 17,554 assignment fee - $595 up front tax 7% 652 Total cap cost - 18,802 money factor - .00225 I thought this price seemed a little high, if anyone could help me out, I would very much appreciate if I could show up at the bargaining table a little more prepared. Thanks!
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I have a couple of dealers who are offering me an EX 4dr sedan w/auto; 36 month lease; 12K miles per year; $2,000 out of pocket (which supposedly includes tags, any fees, and 1st month) for $215/month. That sounds like a good number to me, although if someone thinks otherwise, I'd like to hear. Why should I care about residual (happens to be $12,818 in both cases), or interest rate, or even price of car (around $19.5K)? However they make their calculations, as long as the quote holds up, does anything but the monthly really matter?
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Hi all. This forum was so helpful that i wanted to post my deal i got it from Gardena Honda in Los Angeles. i did alot of emailing for this and most dealers couldn't match or beat this for the hybrid: i know the drive off was higher than most are paying, but i'm happy with this price. it is for 36 months and 12k a year. I was looking for either an LX AT sedan, but i found that the hybrids were so close in price because of all of the dealer cash incentives. I paid $1100 total drive off (including first month, taxes, dmv fees, and $554 down) and $220/month including tax (9.25%) Cap Cost: $19802.33 61% residual money factor .00125 monthly: $201.37 Monthly with tax (CA 9.25%) $220.00 good luck all!!!! |
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