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Honda Fit: Lease Questions

71 messages,  Last post on Dec 28, 2012 at 7:54 AM

You are in the Honda Fit Forum.

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

Messages Page 7 of 8

#52 of 71 Deal review by saravah

Nov 30, 2010 (1:11 pm)

Hi folks,
 
I am thinking of leasing a Honda Fit and, as I'm a first-time leaser, I've done a lot of research but wanted to see if anyone could kindly weigh in on the deal.
Here are the numbers from a CT dealer:
 
MSRP: $17,160 (Honda Fit Sport Manual)
Selling price: $15, 739
Acq fee: $595
Money factor: .00033
Residual: 59%
 
No money down, but I will pay the following up front:
Dealer's conveyance fee: $399 (legal in CT)
Title & Reg: $155
 
So, for 36-mo lease at 12,000 miles
Base monthly= $181.22 + 10.87 tax
 
If any one has any thoughts, please share asap!! I would like to buy the car today if it's a good deal.

#53 of 71 Re: Deal review [saravah] by sooznd

Dec 04, 2010 (10:31 am)

Replying to: saravah (Nov 30, 2010 1:11 pm)
saravah- i don't know much about leasing, but after reading the post prior to yours with a monthly payment of $93 vs. your $181, I wonder if they are offering you a good deal.

#54 of 71 Re: Deal review [sooznd] by saravah

Dec 04, 2010 (10:51 am)

Replying to: sooznd (Dec 04, 2010 10:31 am)
Thanks, but not necessarily. The other deal required $2000 down so that would inevitably change the monthly payment. Furthermore, the former post didn't mention what model they were leasing--could have been the base Fit but I can't be sure so it makes comparisons difficult. In any case, I've decided to go for a different make/model but thanks for the input!!

#55 of 71 Car_man... Thank you for all of the information these past years! by contract_build

Dec 05, 2010 (1:28 am)

Dear Car_man,
 
I wish to thank you in advance of any information you (or kyfdx) might provide to my questions on this leasing forum (as well as some other Honda car leasing forums I'll post a question on).
 
Car_man, because of your essential information 4-1/2 years ago here on Carspace/Edmunds, we were able to negotiate, in April 2006, a 3 year/15k lease on the then current year 2006 Honda Pilot EX-L that:
 
  • We got priced down to $28,139.48, and, thusly
  • Cost us only $358.14/month
  • Had a residual of only $16,197.50... so we bought the Pilot at the end of our lease!!!

    • We're currently looking to lease another Honda - somewhat more mileage oriented - and wish to know if you have any December figures for the 2010 or 2011 Fit?
     
    My wife and I are looking at the Fit Sport-5 spd/manual ($17,160 msrp) 12k/15k residuals and the money factor(s) for the Honda Financial leases.
     
    Once again, THANK YOU!
     
    Sincerely, builder

    #56 of 71 Re: Car_man... Thank you for all of the information these past years! [contract_build] by Car_man HOST

    Dec 07, 2010 (5:27 pm)

    Replying to: contract_build (Dec 05, 2010 1:28 am)
    Hey builder. Honda Finance's December buy rate lease money factor and residual value for a 36 month lease of a 2010 Fit with 15,000 miles per year are .00033 and 57%, respectively for consumers who qualify for its top credit tier.
     
    I haven't seen anything on the 2011 Fit yet.
     
    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum

    #57 of 71 Re: Car_man... Thank you for all of the information these past years! [Car_man] by poleris

    Mar 17, 2011 (5:35 am)

    Replying to: Car_man (Dec 07, 2010 5:27 pm)
    Hi Car_man,
     
    Could you look up the money factor and residual value for a 24 month lease of a 2010 Fit Sport with 12,000 miles per year?
     
    Also, does the residual value depend on mileage? Is there a good tool or table to calculate residual value for different Fit years?
     
    Thanks,
    Edwin

    #58 of 71 Re: Car_man... Thank you for all of the information these past years! [poleris] by Car_man HOST

    Mar 27, 2011 (4:09 pm)

    Replying to: poleris (Mar 17, 2011 5:35 am)
    Hello Edwin. Honda Finance's March buy rate lease money factor and residual value for a 24 month lease of a 2010 Fit Sport with 12,000 miles per year are 0.00011 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
     
    Yes, vehicles' residual values vary depending upon what mileage allowance you want.
     
    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum

    #59 of 71 Re: Car_man... Thank you for all of the information these past years! [Car_man] by j_smith1

    Jun 27, 2011 (12:55 pm)

    Replying to: Car_man (Mar 27, 2011 4:09 pm)
    Car_man,
     
    Can you post June money factor and residual for 2011 Fit Sport 5 speed manual 3 years/36k? Any rebates or dealer cash on this car in NY?
     
    Thanks!

    #60 of 71 Re: Car_man... Thank you for all of the information these past years! [j_smith1] by Car_man HOST

    Jul 13, 2011 (4:43 pm)

    Replying to: j_smith1 (Jun 27, 2011 12:55 pm)
    Hi j_smith1. Honda finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Fit Sport with 12,000 miles per year are .00185 and 62%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
     
    Honda is not providing any incentives on the Fit right now.
     
    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum

    #61 of 71 leasing a fit with 15k miles/year by guswoman

    Sep 01, 2011 (6:47 pm)

    I'm a first time leaser and am having trouble findout out specifics on this. Is it possible to lease a 2011 Fit sport for 3 years/45K miles (15K/year)? If so, what increase should I expect in the monthly payment?
     
    Thanks in advance for any info you can share!

    Messages Page 7 of 8

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