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Honda Civic Lease Questions

816 messages,  Last post on Nov 28, 2009 at 8:48 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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#705 of 816
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 816
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 816
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
#708 of 816
Re: 2009 HYBRID LEASE DEAL- no navi [alliecat1] by Car_man HOST
May 19, 2009 (2:19 am)
Reply

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

Hi alliecat1. I'm glad that you found this discussion so helpful. Thanks for taking the time to give back and share the details of your recent lease with everyone. Real world examples like this are always helpful for community members who are in the market for similar vehicles.
 
If you haven't already, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience too .
 
Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#709 of 816
Re: Honda si lease question [whatdidyousay] by Car_man HOST
May 19, 2009 (2:25 am)
Reply

Replying to: whatdidyousay (Apr 30, 2009 5:43 am)

Hi whatdidyousay. The dealer invoice price for the car that you are interested in is $21,020. If one subtracts the available $750 dealer cash from that it drops to around $20,270. Interestingly, the selling price that you were quoted...even after the addition of the dealer-installed options that you mentioned is even lower than that. If you can get this car for under $20,000 you are getting an outstanding deal.
 
The money factor and residual value that you were quoted are right in line with Honda Finance's current program for this model.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#710 of 816
Re: Leasing prices on 09 Civic LX-S, EX-L [jdw7460] by Car_man HOST
May 19, 2009 (2:31 am)
Reply

Replying to: jdw7460 (May 01, 2009 1:09 pm)

Hi jdw7460. I believe that the volume-based dealer cash programs that Honda was running in April are no longer available in May.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#711 of 816
Re: Civic LX AT Lease [Car_man] by ghetto2315
May 19, 2009 (11:35 am)
Reply

Replying to: Car_man (May 19, 2009 2:03 am)

Car_man, Thank you for that info. More than likely my family will be adding an 09 Civic LX Sedan to the family shortly because of the information you posted. An off-topic question, but do you know or can get residual % and MF for an 09 Nissan 370Z? I am in the market for one, Thank you!
#712 of 816
Civic EX Lease Question by ashley45_91
May 19, 2009 (7:55 pm)
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Hi, I would really appreciate some advice. I've never leased a car before but this just doesn't seem right. I don't have the paperwork yet or the specific numbers becuse this was just the initial offer.
 
I went to a dealer and was offerred this on a 2009 Civic EX:
36month lease with 15k miles/yr
$500 down
Rolling about $1300 debt from my current car
I'm pretty sure they said they were coming down to $15,900 from the list price of $19,775
(I also have really good credit)
 
with a $349/month payment
 
Please help!! Thank you!
#713 of 816
Re: EX Lease in South Florida [soloman37] by nickr1
May 20, 2009 (6:36 am)
Reply

Replying to: soloman37 (Apr 29, 2009 11:03 am)

Only the down payment and the monthly matter, correct. Some will "think about" and try to factor complicated, changing percentages of MF and residual but it's all nonsense if the dealer is jacking up the price of the car, forcing you to put too much down and giving you a high monthly offer. It's incredibly simple really, just add your down payment to the total monthly payments, that's your lease price, it's simply the total cash you give them for 36 months that matters.
 
I have found local NY Honda dealers to be difficult to work with as they offer no incentives or discounts and take maximum profit for themselves, that's their job after all, right? If a dealer says to you, "well, if you put more money down your monthly will be lower," you know it's time to head for the door.
 
You say you went to a couple of dealers, was the down and the monthly exactly the same between all dealers?
#714 of 816
Tough One: GX Lease details by newyork4me
Jun 01, 2009 (7:11 pm)
Reply
Hi Car_man,
 
I hope you are ready for a tough one! Would you happen to have the details (MF & residual) on a GX lease for 12k or 15k miles?
 
Thanks very much!

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