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Prices Paid: Buying & Leasing Experiences Honda Civic Lease Questions
812 messages, Last post on Nov 02, 2009 at 10:15 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: ghetto2315 (Jun 04, 2009 10:28 am) "Nissan 370Z Lease Questions" Honda's lease program for the 2009 Civic is exactly the same in June as it was in May. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: danny14 (Jun 06, 2009 6:40 am) Yes, the residual value percentage is applied to the full MSRP of the vehicle that you are interested in, including the destination charge and the MSRPs of any options that can be residualized. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jun 09, 2009 2:46 am) Could you post the current (through end of June) MF and residual numbers for the gas powered Civic LX, EX an EX-L (if different), and the numbers for the new Honda Insight? There is no lease/purchase forum for the Insight yet. I want to run the numbers and compare all 3 options. Thank you!
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