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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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#698 of 832
Re: Leasing prices on 09 Civic LX-S, EX-L [Car_man] by jdw7460
May 01, 2009 (1:09 pm)
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Replying to: Car_man (Mar 31, 2009 2:30 am)

Car_man, do you know if the additional volume-based dealer program that kicks in an additional $500 is still effective through 5/4/09 for Honda Civic Hybrid leases? This $500 is in addition to the nationally advertised $2000 dealer cash available on Civic Hybrids through 5/4/09. Just wondered if the extra $500 offer expired at the end of April (4/30/09).
#699 of 832
2009 Civic LX Sedan Lease Deal by bigmort
May 04, 2009 (6:55 pm)
Reply

Replying to: alliecat1 (Apr 29, 2009 10:17 pm)

I would also like to share my lease deal on the forum. Thank you everyone for all the helpful posts!
 
I was able to get the best lease price by receiving internet quotes from all the dealers in my area (Philadelphia), sending the lowest quote to the other dealers and asking if they could beat it and then repeating this two or three times. The deal I ended up with:
 
36 month/12K lease for $2000 down and $187/month with all taxes and fees included. I negotiated the selling price down to $16,200 from the MSRP of $18,200. The MF and residual from Honda were .00225 and 62%, respectively.
 
I think I got a pretty good deal. Also, the deal includes free oil changes for the length of the lease--just a little bonus.
 
Good luck everyone!
#700 of 832
Re: 2009 Civic LX Sedan Lease Deal [bigmort] by sd83srr
May 05, 2009 (9:06 pm)
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Replying to: bigmort (May 04, 2009 6:55 pm)

bigmort, was this deal for April or May? I am looking into the same car, but, due to my lease transfer, I have to wait until mid to end of May before I will be ready to purchase/lease. Thanks!
#701 of 832
Re: 2009 Civic LX Lease [bostonben] by ghetto2315
May 06, 2009 (8:25 am)
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Replying to: bostonben (Apr 25, 2009 8:15 pm)

Leased my 08 Si Coupe for $315.00 per month, for 36-months, and 20,000 miles per year. Paid $2,500.00 out of pocket, which includes tax, title and fee. Plus, I was upside down $900 on my trade! Free oil change for the life of my lease, free locking lug nuts, and free B1 and B2 service.
#702 of 832
Re: 2009 Civic LX Sedan Lease Deal [sd83srr] by bigmort
May 06, 2009 (6:48 pm)
Reply

Replying to: sd83srr (May 05, 2009 9:06 pm)

sd83srr-
 
I actually got in on the last day of a national deal that Honda was running. I negotiated the price below the deal ($2000 down, $189/month BEFORE taxes and fees), but the dealers were receiving incentives from Honda for leasing the Civic until May 4th.
 
The saleswoman who leased me my car told me that Honda is likely going to reduce their incentives for May and June, meaning the price of the less is going to go up. You should still be able to get close to $200/month, $2000 down for a 36month/12k lease if you shop around, though.
 
Good luck!
#703 of 832
2009 HONDA/CIVIC SEDAN LX AT Lease deal by 09kc3b
May 15, 2009 (7:13 am)
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Thanks to all for the information.
 
I just lease mine.
36 months/ 12K miles
Inception fee: $1220 including doc, registration and gov fee, first month payment.
Monthly payment $225 including tax (NJ)
#704 of 832
Re: 2009 HONDA/CIVIC SEDAN LX AT Lease deal [09kc3b] by sd83srr
May 15, 2009 (7:36 am)
Reply

Replying to: 09kc3b (May 15, 2009 7:13 am)

What price (out the door) are you getting them down to? I saw awhile back that someone got them to do $16,500 OTD. I think my best option is to finance the Civic LX because my commute is going to more than double in a few months. I don't want to have to worry about the mileage.
 
So, for those who have purchased a Civic LX in May, please let me know what you paid for - out the door.
 
Thanks in advance!
#705 of 832
Re: Civic LX AT Lease [bostonben] by Car_man HOST
May 19, 2009 (2:03 am)
Reply

Replying to: bostonben (Apr 27, 2009 1:54 pm)

Hey bostonben. Yes, Honda is currently providing support on 24 month leases of the 2009 Civic. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Civic Sedan LX with 15,000 miles per year are .00225 and 67%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#706 of 832
Re: Civic EX-L and Hybrid data [m2701] by Car_man HOST
May 19, 2009 (2:07 am)
Reply

Replying to: m2701 (Apr 29, 2009 6:05 am)

Hi Matt. Here's the latest on these cars' lease programs. According to the latest information that I have seen, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Honda Civic EX-L Sedan with 12,000 miles per year are .00225 and 59%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The numbers for an otherwise identical lease of an '09 Civic Hybrid are .00156 and 61%.
 
The above lease program is compatible with the $2,000 dealer cash on the '09 Civic Hybrid and the $750 dealer cash on the '09 Civic EX.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#707 of 832
Re: 2009 Civic LX coupe lease - April [rmayfield] by Car_man HOST
May 19, 2009 (2:14 am)
Reply

Replying to: rmayfield (Apr 29, 2009 10:10 am)

Welcome rmayfield. Even though you are new to leasing you did a very good job at getting all of the important information that you need to determine if this offer is a good deal.
 
The money factor that you were quoted is right in line with Honda Finance's current buy rate for this car. That is a good sign.
 
The other important variable here is this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If I was in the market for a 2009 Civic LX right now, I personally would shoot for a selling price of around $500 over dealer invoice, which would be equivalent to right around invoice once the $500 dealer cash that is available on this car is taken into account. The dealer invoice price of this model is $17,305.
 
As you can see, the price that you were quoted is excellent. It is right around invoice minus the available dealer cash. If you like this car, go for it. This is about as good a deal as you are going to get on it right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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