Sign In Join 

You are here: [F] Forums / Prices Paid: Buying & Leasing Experiences / Honda Civic Lease Questions



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

What is this discussion about? Honda Civic, Car Leasing, Coupe, Sedan


Messages Page 79 of 83
1
...
76
77
78
79
80
81
82
83
Prev
Next
Last
Go To Msg #
Search This Discussion

#777 of 827
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 827
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 827
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 827
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 827
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 827
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.
#783 of 827
Re: Residual, Money Factor, Dealer Cash for 2009 Civic Sedan DX VP [vagabondchef] by th83
Sep 21, 2009 (9:43 pm)
Reply

Replying to: vagabondchef (Sep 21, 2009 5:46 pm)

Well, I ran the numbers through a lease calculator and unless there are other fees being rolled into the lease besides the $595 AHFC acquisition fee and/or your money factor is higher than the super-preferred rate of .00186, it looks like the base cap cost (aka the selling price) of the car is about $17431. That's around invoice price, which isn't too bad. But don't forget there is $750 in marketing support on the Civic right now, and it seems like your dealer is keeping most, if not all of it. If you could get them to lower the selling price by that amount (once again, I'm assuming that I have the correct information in regards to the money factor and fees, and therefore selling price), your lease payment would fall to $250.04, which is more appropriate for a 36-month/15k Civic LX lease with $0 cap cost reduction, I think.
 
That said, supply and demand plays a huge role in the price you're going to get on the car. If your dealer only has a few Civics on the lot, then you're probably not going to have much bargaining room. Still, it's worth a shot to try and haggle with them to get the selling price of the car down as much as possible. Lease payments are based on the negotiated selling price of the car, so ask them what the current selling price is and then ask them if that includes the $750 in marketing support. Let them know that you're aware of the marketing support. They're less likely to take advantage of a buyer who's well-informed.
 
I hope this helps...
#784 of 827
Re: Residual, Money Factor, Dealer Cash for 2009 Civic Sedan DX VP [th83] by vagabondchef
Sep 22, 2009 (9:23 am)
Reply

Replying to: th83 (Sep 21, 2009 9:43 pm)

Thanks for your reply, the dealer told me that that is the best that they can do and that the price of the car was $17500.00 and that includes throwing in all of the $1000.00 for marketing support. What do you think? Are there any other stageties I should try?
 
Thanks!!
#785 of 827
Re: Residual, Money Factor, Dealer Cash for 2009 Civic Sedan DX VP [vagabondchef] by th83
Sep 22, 2009 (6:02 pm)
Reply

Replying to: vagabondchef (Sep 22, 2009 9:23 am)

Are there any other dealers in your area that have the car that you want in stock? If so, then you could pit them all against each other and see who will go the lowest. If not, there may not be much you can do as that one dealer pretty much has the advantage in that situation. In my area, there are only a handful of new 2009 Civics around, so if I were looking to buy a Civic LX (my local dealer only has two sedans left), I would be at the dealer's mercy and wouldn't be able to bargain at all.
 
I blame the CFC program for ruining the great deals that people were getting before the program started. Fuel efficient and relatively inexpensive cars like the Civic received the biggest boost in sales, and as a result, dealer inventory is low and the dealers are still smug after all of the money they raked in in July and August. Had the CFC program not come along, dealers would have a lot more unsold cars on their lots and you could probably still get a Civic LX for under $16k. I, too, need a new car (my lease is up in two weeks!) and I'm not sure what I'm gonna do now because I had planned on getting a 2009 Civic but now I'm going to be paying a lot more than I would've had I went ahead and bought in June or July. Oh well...
#786 of 827
Re: Residual, Money Factor, Dealer Cash for 2009 Civic Sedan DX VP [th83] by vagabondchef
Sep 22, 2009 (6:42 pm)
Reply

Replying to: th83 (Sep 22, 2009 6:02 pm)

There are other dealers in the area but this one in Racine, Wisconsin has the most Civics LX sedans with over 50 of them in stock. I told the dealer today tht I would pay no more then $250.00 per month for 36 months with 15000 miles per year and $475.00 at delivery. They told me that they could make it work in some form or fashion. They asked me what time do I want to come in. You were right with the $250.00 per month that you figured out in your previous post.
 
Do you think I should do it? Is it a good deal? Let me know!!!
 
Thanks!!

Messages Page 79 of 83
1
...
76
77
78
79
80
81
82
83
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

You are here: [F] Forums / Prices Paid: Buying & Leasing Experiences / Honda Civic Lease Questions

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Learn More

2011 Honda Civic

2011 Honda Civic EX-L 4dr Sedan

More Pictures

DoMore

Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement