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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 8 of 8

#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
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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

#65 of 71 Re: 2012 Honda Fit Leasing Options [truthnlabeling] by Car_man HOST

Mar 11, 2012 (3:23 pm)

Replying to: truthnlabeling (Feb 23, 2012 2:14 pm)
Hi truthnlabeling. Yes, the methods for calculating sales tax and the rates that are charged vary from state to state. Florida is a much better state to lease in than Illinois, tax-wise. Illinois and Texas are notorious for being the worst states to lease in.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#66 of 71 2012/2013 Fit Lease question by oldfogie

Aug 03, 2012 (3:59 pm)

Hi Car_man: could I please get the MF and residual for a 36-month lease of a 2012 or 2013 Base 5-speed automatic (super-preferred credit tier, 12K or 15K miles/year) in New Jersey?

#67 of 71 Re: 2012/2013 Fit Lease question [oldfogie] by Car_man HOST

Aug 12, 2012 (7:11 am)

Replying to: oldfogie (Aug 03, 2012 3:59 pm)
I'd be happy to oldfogie. Even though Honda is not currently providing any support on the Fit, its standard lease program on it actually isn't too bad.
 
Honda Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Fit with 15,000 miles per year are .00185 and 59%, respectively for consumers who qualify for its top credit tier.
 
If you were to lease this car with 12,000 miles per year, its residual value would be 2% higher.
 
I haven't seen any info on the 2013 Fit yet.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#68 of 71 2013 Honda Fit by missy2r2

Nov 08, 2012 (5:32 pm)

Just curious if someone could post the current money factor and residual value for the 2013 Honda Fit. The lease would be for 60 months 15,000 miles per year. I would greatly appreciate it. Thank you so much.

#69 of 71 Re: 2013 Honda Fit [missy2r2] by Car_man HOST

Nov 25, 2012 (8:20 am)

Replying to: missy2r2 (Nov 08, 2012 5:32 pm)
Hi missy2r2. 60-month leases typically aren't a very good idea. Manufacturers usually don't provide support on leases that are longer than 36 months or slightly longer. That's not an issue on an unsupported vehicle like the Fit, however you are still locking yourself into driving a Fit under a restrictive contract for a very long period of time. Over the course of five years, your life situation could change causing you to want a larger vehicle or your commute could change causing you to go way over your mileage allowance. 60-month leases are so uncommon that I personally don't even keep tabs on the details for them.
 
I can give you an idea of what the numbers for a 4 year leases of a fit would be like. Honda Finance's November buy rate lease money factor and residual value for a 48-month lease of a 2013 Fit with 15,000 miles per year are .00180 and 52% for consumers who qualify for its top credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#70 of 71 2013 Fit base model lease by bconway52

Dec 25, 2012 (8:32 pm)

Could someone give me the current residual and money factor for a 2013 Fit base model for a 36month, 10k mile lease?
 
Thanks!

#71 of 71 Re: 2013 Fit base model lease [bconway52] by Car_man HOST

Dec 28, 2012 (7:54 am)

Replying to: bconway52 (Dec 25, 2012 8:32 pm)
Here's the information that you're looking for bconway52.
 
Honda Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2013 Fit Base with 10,000 miles per year are .00155 and 63% for consumers who qualify for its top aka "Super Preferred" credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 8 of 8

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