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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

#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!

    #62 of 71 Re: Car_man... Thank you for all of the information these past years! [Car_man] by turbo5spd

    Oct 12, 2011 (4:19 pm)

    Replying to: Car_man (Jul 13, 2011 4:43 pm)
    Hi Car_man - could you provide the money factor and residual on a Fit Sport with manual transmission for 3 years, 12K and 15K miles/year? Thanks!

    #63 of 71 Re: Car_man... Thank you for all of the information these past years! [turbo5spd] by Car_man HOST

    Oct 17, 2011 (4:50 pm)

    Replying to: turbo5spd (Oct 12, 2011 4:19 pm)
    I'd be happy to help you out, turbo5spd. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2011 Fit Sport without navigation with 15,000 miles per year are .00185 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
     
    The residual value for a lease with only 12,000 miles per year would be 2% higher.
     
    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum

    #64 of 71 2012 Honda Fit Leasing Options by truthnlabeling

    Feb 23, 2012 (2:14 pm)

    Car_man,
     
    Might you educate me on some aspects of leasing?
     
    I am interested in leasing a new Honda Fit but want to minimize monthly cash flow requirements while still preserving ability to buy the car at end of lease term at a price that in the end is not terribly different than purchasing the car at outset (that orig lease costs plus payments plus later purchase price is ~equal to new car purchase price).
     
    Creditworthiness for this discussion is best available. I need 15k miles/yr. Is state sales tax dealt w differently in different states? This could originate in florida or illinois. Are there differences aside from differences in state sales tax in the respective places?
     
    Might you help?
     
    Thanks,
     
    TNL

    Messages Page 7 of 8

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