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Prices Paid: Buying & Leasing Experiences Honda Civic Lease Questions
827 messages, Last post on Dec 01, 2009 at 11:38 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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!
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Replying to: soloman37 (Apr 29, 2009 11:03 am) 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? |
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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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Replying to: ghetto2315 (May 19, 2009 11:35 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: ashley45_91 (May 19, 2009 7:55 pm) In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible and then have the dealer calculate your monthly payment using its buy rate lease money factor. On a 2009 Civic Sedan EX, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,000 dealer cash that is currently available on it. You cann look up the dealer invoice price over in the New Vehicle Pricing section of this site. This car's buy rate lease money factor is .00225 for consumers who qualify for its top aka "Super Preferred" credit tier. I see that you are considering rolling $1,300 in negative equity from your current car into your new lease. May I ask why you are doing this? You would be better off waiting until you were less upside down, or not at all, on your current vehicle to get something new. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: newyork4me (Jun 01, 2009 7:11 pm) As one might suspect, Honda is not currently providing any support on the Civic GX. As a result, if you were to lease one through Honda Finance right now, you would have to use its standard lease program. 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 Civic GX with 15,000 miles per year are .00290 and a terrible though not surprising 39%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The residual value for a lease with only 12,000 miles per year would be 2% higher. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jun 03, 2009 3:03 am) Yep, you can fill it up with a Phill (the home pump that connect to the nat. gas line) or you can do it at a select few CNG stations. There is one 3 miles from where I live, so it isn't that inconvenient, and I'm pretty sure I'd be the only person I know with a CNG car, so that makes it kinda fun. As a primary car, I doubt it would be too practical unless you live in CA (i live in the midwest), but as a city car it's not too bad.
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Replying to: Car_man (Jun 03, 2009 2:46 am)
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Replying to: Car_man (May 19, 2009 2:07 am)
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Replying to: newyork4me (Jun 03, 2009 11:13 am)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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