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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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#773 of 832
Re: September Residual, MF and Dealer Cash Update [ghetto2315] by Car_man HOST
Sep 04, 2009 (2:33 am)
Reply

Replying to: ghetto2315 (Sep 02, 2009 8:22 am)

Honda's August lease program for all models is scheduled to run through September 8th. Please feel free to check back with me on the 9th, or shortly thereafter and I will be happy to fill you in on the details of the new program.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#774 of 832
Re: September LX-S Lease Terms? [loud0g40oz] by Car_man HOST
Sep 04, 2009 (2:38 am)
Reply

Replying to: loud0g40oz (Sep 03, 2009 6:05 pm)

Hi loud0g40oz. Through September 8th, Honda Finance's buy rate lease money factor and residual value for a 24 month lease of a 2009 Civic LX-S Sedan with 15,000 miles per year are .00195 and 66%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The numbers for an otherwise identical 36 month lease are .00195 and 58%.
 
The money factor and 36 month residual value for just the LX Sedan are exactly the same as they are for the LX-S, but its 24 month resid is 1% lower.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#775 of 832
Re: September Residual, MF and Dealer Cash Update [Car_man] by ghetto2315
Sep 04, 2009 (8:15 pm)
Reply

Replying to: Car_man (Sep 04, 2009 2:33 am)

Car_man, on Labor Day Monday, the 7th, my mother is scheduled to sign the paperwork for an 09 Civic LX Auto and using the $1,000 dealer cash available. Now I doubt that Honda will discontinue the $1,000 dealer cash, but do you think it may get better for the September program (maybe $1,500)? If so, I'll have her hold out until the 9th. My gut feeling is that I don't foresee a change.
#776 of 832
current residual for civic LX coupe(Car_man) by cg62
Sep 08, 2009 (7:49 am)
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Car_man can you tell me what the current lease factors on a Civic LX Coupe
 
36 or 39 months 15k per year. and will there be any extra incentives?
 
Thanks for your help
 
?
#777 of 832
Residual, Money Factor, Dealer Cash for 2009 Civic Sedan DX VP by mannydom
Sep 08, 2009 (11:57 pm)
Reply
Car_Man...can you help me prepare to negotiate for my 2009 civic dx vp?...before 9/8/09, i received a internet quote for $14,999...i'm in chicago suburbs...not sure if offer will still stand after 9/8...i have credit approval from honda financial services up to $27K...not sure why that much...can i call honda FS and ask them for current residual and MF and expect an answer?...my variables are 36 months, 12,000 miles, no down payment...are my expectations realistic?...what do i expect to fairly pay at signing?...should i even think about identical 2010 model?...sorry, lots of questions but i'm sure a lot of us will benefit from the answers...thanks in advance...
#778 of 832
Re: September Residual, MF and Dealer Cash Update [ghetto2315] by Car_man HOST
Sep 15, 2009 (2:39 am)
Reply

Replying to: ghetto2315 (Sep 04, 2009 8:15 pm)

Honda is only offering $750 dealer cash on the 2009 Civic in September, so there was no advantage to waiting to get one.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#779 of 832
Re: current residual for civic LX coupe(Car_man) [cg62] by Car_man HOST
Sep 16, 2009 (1:39 am)
Reply

Replying to: cg62 (Sep 08, 2009 7:49 am)

Hi cg62. Honda Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2009 Civic Coupe LX with 15,000 miles per year are .00186 and 54%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
You definitely don't want to lease this car for 39 months. Honda's special lease program on it is only available for up to 36 months. Its money factor nearly doubles for 39 month leases.
 
Honda is currently providing $750 dealer cash on the '09 Civic that is compatible with the aforementioned lease program.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#780 of 832
Re: Residual, Money Factor, Dealer Cash for 2009 Civic Sedan DX VP [mannydom] by Car_man HOST
Sep 16, 2009 (1:51 am)
Reply

Replying to: mannydom (Sep 08, 2009 11:57 pm)

Hi mannydom. Banks usually will not disclose money ffactor and residual value information directly to consumers. If you ask Honda Finance for this info, they'll probably tell you to consult your local dealer.
 
Having said this, I can give you an idea of what this car's current lease program is like. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Honda Civic VP with 12,000 miles per year are .00186 and 55% for consumers who qualify for its top credit tier.
 
$14,999 is a very good selling price for this car. Its dealer invoice price is $16,428. If you're able to get it for $14,999 you are getting it for less than dealer invoice minus the $750 dealer cash that is currently available on it.
 
At lease signing, you will have to pay your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, Honda Finance's $595 acquisition fee, and any other required state taxes or fees.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#781 of 832
Need Advice!!! for 2009 Civic Sedan LX Auto Lease by vagabondchef
Sep 21, 2009 (5:43 pm)
Reply

Replying to: Car_man (Sep 16, 2009 1:51 am)

Just got a lease quote for 36 months 15000 miles a year for $273.50 per month including tax (5.6%) with total due at delivery of $494.50. (1st months payment, (273.50, Dealership fee, $132.00, Title and registration fee, $89.00) for a Civic LX Sedan auto in any color.
 
This was at a dealer in Racine Wisconsin.
 
Is this a good deal? Should I do it. It seems good to me. Please advise, I need expert advice.
 
Thanks!!
#782 of 832
Re: Residual, Money Factor, Dealer Cash for 2009 Civic Sedan DX VP [Car_man] by vagabondchef
Sep 21, 2009 (5:46 pm)
Reply

Replying to: Car_man (Sep 16, 2009 1:51 am)

Is a lease for $273.50 a month for 36 months with 15000 miles per year and $494.50 due at delivery a good deal on a 2009 Civic LX Auto Sedan in any color. I need advice ASAP.
 
Thanks.

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