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Honda Fit Lease Questions

45 messages,  Last post on Sep 04, 2009 at 2:41 AM

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What is this discussion about? Honda Fit, Car Leasing, Car Buying, Hatchback

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#26 of 45 Re: Honda Fit: Lease Questions [Car_man] by gustavonetto Mar 19, 2007 (10:45 am)
Replying to: Car_man (May 03, 2006 1:46 am) I got an offer for a Honda Fit sport AT for $15,900. My credit score is above 740 but even them the dealer is saying that Honda isn't lowering its APR. He's asking for 7.7%? I think it's too high? anybody could give a peace of advice? Thanks, Guga Replies to this message: Car_man (Apr 05, 2007 2:26 am)
#27 of 45 Re: Honda Fit: Lease Questions [gustavonetto] by Car_man HOST Apr 05, 2007 (2:26 am)
Replying to: gustavonetto (Mar 19, 2007 10:45 am) Hi Guga. Honda is not currently providing any special financing rates on the 2007 Fit. You really would be better off getting pre-approved to finance this car on your own by a local bank, credit union, or a bank that conducts business on-line before going back to the dealer. Getting pre-approved to finance this car serves two purposes. One it gives you an idea of what sort of interest rate you qualify for and two it often motivates dealers to try to beat the rate that you already have. With your credit score, you should be able to do better than 7.7%.   Car_man Host Prices Paid Forum
#28 of 45 Does it make sense to lease for 18 months? by newcarny Jul 27, 2007 (1:41 pm)
Hi,   I am moving out of NYC for 18 months and need a car, but most likely the car will just be a pain in the neck if I bring it back to the city after that. I like the Honda FIT and think I'd rather be driving a new car than a junker.   Is it possible to lease for 18 months, and if so, does it make sense? Would I be able to lease with the option to buy?     Replies to this message: Car_man (Oct 03, 2007 2:21 am)
#29 of 45 Re: Does it make sense to lease for 18 months? [newcarny] by Car_man HOST Oct 03, 2007 (2:21 am)
Replying to: newcarny (Jul 27, 2007 1:41 pm) Hi newcarny. Unfortunately I believe that 24 months is the shortest term that Honda Finance leases vehicles for. to be honest with you, it will be expensive to drive a brand new car for only 18 months regardless of whether you purchase or lease it. New vehicles experience their highest rate of depreciation during the first year of ownership. You may want to consider purchasing a used vehicle and driving it around until you need to go back to the city. By going used you can avoid that nasty huge initial depreciation hit.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#30 of 45 Press Request by KarenS HOST Oct 03, 2007 (11:38 am)
A reporter with a large finance magazine is hoping to talk to consumers who just purchased or looking to purchase a more fuel-efficient car for their daily commute. Please reply to ctalatiedmunds.com no later than Monday, October 8, 2007 with your daytime contact info.
#31 of 45 info on 2008 sport AT by anti2 Oct 14, 2007 (8:25 am)
I'm looking for the money factor and residual on a 2008 fit sport AT. MSRP is 16705, with no extra sealer options. I'm interested in a 36 or 48 month term with 12k miles/year. Thank you Replies to this message: Car_man (Nov 15, 2007 3:03 am)
#32 of 45 Re: info on 2008 sport AT [anti2] by Car_man HOST Nov 15, 2007 (3:03 am)
Replying to: anti2 (Oct 14, 2007 8:25 am) Greetings anti2. Here is the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Fit Sport with 12,000 miles per year are .00270 and 57%, respectively for consumers who qualify for its top credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical 48 month lease are .00255 and 48%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#33 of 45 Fit Lease money factor and residual? by mr2freak Jan 10, 2008 (7:12 pm)
Hello   I'm hoping to find out the current 36 month money factor and residual for a fit sport AT.   Would like to do a 36 month 10-12k mile lease. What should I expect out the door?   Thanks! Replies to this message: dwynne (Jan 10, 2008 8:01 pm) Car_man (Jan 23, 2008 2:18 am) mr2freak (Jan 24, 2008 11:43 am) Car_man (Feb 26, 2008 2:28 am)
#34 of 45 Re: Fit Lease money factor and residual? [mr2freak] by dwynne Jan 10, 2008 (8:01 pm)
Replying to: mr2freak (Jan 10, 2008 7:12 pm) Honda has no trouble selling Fits, so they have no lease specials on them. As CarMan posted the standard lease rate is a whopping 0.00270 or higher on them. You can get a better rate (but a lower residual) through a 3rd party lease bank via your dealer or online at www.leasecompare.com or any other lease broker.   The car just does not lease well due to a low (relative) residual and the high MF. Right not you could probably lease a Pilot, Odyssey, Element, Ridgeline or even a Civic for less per month than a Fit sport would cost you. If you just have to have a fit, then I would just buy it. Check the lease "specials" online at Honda and they will show good deals (which you can make better by negotiating a lower price) on all the models and nothing for the Fit.   Dennis
#35 of 45 confused by mr2freak Jan 11, 2008 (1:36 am)
Thanks for the reply. I kinda figured the lease would be rotten and I'm starting to wonder why Honda is able to sell the fits? I love the little thing but theres cheap money right now ($199 camry ect) and I cant see the sense paying msrp and a 6% loan on tier 1.   Are people buying the car with cash or large trade in's so they can put 200k on them? Or altruistic earth bunnies paying more to pollute less? Replies to this message: dwynne (Jan 11, 2008 8:12 am)

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