Last post on Jun 26, 2013 at 3:01 PM
You are in the Honda Fit
What is this discussion about?
Honda Fit, Car Leasing, Car Buying, Hatchback
#22 of 73 Re: Lease? DON'T. [jimmy5150]
Dec 03, 2006 (11:40 pm)
I am also considering to lease a honda fit because I might need a car for no more than two years. with information on the internet and different suggestions from friends, I am now so confused. Which way is better, to lease one or to buy one then sell it? Is lease kind of similar to having a car loan? Thank you for your help.
#23 of 73 Re: Lease? DON'T. [bmb33]
Jan 04, 2007 (4:55 am)
Hi bmb33. Sometimes leasing makes more sense than buying if a manufacturer is providing lease support but no other special promotions on the vehicle that you want. BMWs are often an example of this. Unfortunately, Honda is not currently providing any lease support on the Fit. As a result, if you were to lease one through Honda Finance, you would have to use its standard lease program which is nothing great. There's nothing wrong with leasing this car. Theoretically one would come out about the same if they had leased it for two years or financed it and sold it at the end of two years. So whether you want to lease or buy is more a matter of personal preference than anything.
Prices Paid Forum
#24 of 73 Re: Lease? DON'T. [Car_man]
Jan 04, 2007 (3:42 pm)
as long as you keep the miles low.
#25 of 73 Re: Lease? DON'T. [bmb33]
Feb 10, 2007 (11:59 am)
If you only are needing the car for 2 years, I would lean towards leasing it. If you get a 60 month loan, you would probably be upside down in the loan 2 years. You would not have the trouble or expense on a private sale (remember, in 2 years the redesigned Fit might be available). At the end of 2 years, you would owe nothing (provided no excess damage or miles).
#26 of 73 Re: Honda Fit: Lease Questions [Car_man]
Mar 19, 2007 (10:45 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
#27 of 73 Re: Honda Fit: Lease Questions [gustavonetto]
Apr 05, 2007 (2:26 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%.
Prices Paid Forum
#28 of 73 Does it make sense to lease for 18 months?
Jul 27, 2007 (1:41 pm)
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?
#29 of 73 Re: Does it make sense to lease for 18 months? [newcarny]
Oct 03, 2007 (2:21 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
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 73 info on 2008 sport AT
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.