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Honda Insight, Car Buying, Car Leasing, Hatchback
#1 of 101 Honda Insight Lease Questions
by kyfdx@Edmunds HOST
Mar 24, 2009 (6:05 pm)
Ask your Insight lease questions here!
#2 of 101 Initial Lease Offer 3-24-09
Mar 24, 2009 (6:18 pm)
Does anyone know what money factor they are offering? I know the Civics are at .00225, which roughly equates to 5.4% (x2400). I see as part of the lease offer they are 'assuming' that dealers will knock 10% off the MSRP. Interesting, since some of them might not for a little bit.
======Here is the initial offer====================
2010 Insight Featured Standard Lease
$229.00 per month for 36 months. $2,799.00 total due at signing.
Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
[Show Details] Show Details
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FEATURED LEASE: Closed-end lease for 2010 Insight LX Continuously Variable Transmission (Model ZE2H5AEW) for $229.00 per month for 36 months with a $1,975.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,799.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee, capitalized cost reduction with no security deposit. Security deposit waived in featured lease example. Total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.
Subject to limited availability. 03/24/2009 through 04/01/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2010 Insight LX Continuously Variable Transmission vehicles (Model ZE2H5AEW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $20,470.00 (includes destination) less the suggested dealer contribution resulting in actual net capitalized cost $18,435.99. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $8,244.00. Option to purchase at lease end $13,919.60. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 12,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 12,000 miles/year. See dealer for complete details.
#3 of 101 Re: Honda Insight Lease Questions [kyfdx]
Mar 24, 2009 (6:20 pm)
Got a lease quote this evening on an Insight LX (had 5-6 cars of different colors in stock)with no money down and $265.02 per month plus tax for 36 months and 15000 miles a year. Total due at delivery would be $502.78. I might do it, especially with rising gas prices. Is it a good deal?
#4 of 101 Re: Initial Lease Offer 3-24-09 [johngettler]
Mar 31, 2009 (2:42 am)
Hi johngettler. Not surprisingly, Honda is not currently providing any lease support on the all-new Insight. Honda Finance's current buy rate lease money factor for a 36 month lease of a 2010 Insight is .00310 for consumers who qualify for its top aka "Super Preferred" credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#5 of 101 Re: Honda Insight Lease Questions [vagabondchef]
Mar 31, 2009 (6:50 pm)
Sounds like a fair deal to me. How much tax do you pay on top of the $265.02?
Also confirm the "buy" price at the end of the lease.
#6 of 101 Re: Honda Insight Lease Questions [dodgeman07]
Apr 01, 2009 (6:30 am)
I will pay 6.1% tax on top of the payment for a total of $ 281.18.
Confirmation of the "buy" price is $9856.00 at the end of the lease. I'm going to see if I can get a better price.
Need to take the car for a Real-World test drive first.
#7 of 101 2010 Honda Insight LX - MFs and Residuals
Oct 07, 2009 (9:47 am)
Could you post the 24 month and 36 month MFs and Residuals for a 2010 Honda Insight LX?
Are there any specials on nonstandard durations, like 30 months, etc.?
#8 of 101 Re: 2010 Honda Insight LX - MFs and Residuals [r56mellowyell]
Oct 23, 2009 (2:26 am)
I certainly can, r56mellowyell. Here you go. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2010 Insight LX with 12,000 miles per year are .00183 and 70%, respectively for consumers who qualify for its "Super Preferred" credit tier.
The numbers for an otherwise identical 36 month lease are .00183 and 65%.
You can vehicles through Honda Finance for just about any term that you like 27 months, 30 months, 33 months, 39 months. The money factors for all of these terms are exactly the same as what I mentioned above.
Prices Paid: Buying & Leasing Experiences Forum
#9 of 101 $280 month EX
Nov 17, 2009 (11:03 am)
I am just checking that this is a reasonable deal prior to signing this weekend. $280 a month with $280 at signing and 35 payments of $280. No down payment. 12k / year. Includes 6% tax and all fees rolled in. Dealer is telling me that Honda has killer residuals (64%) and money factors (.00122) available right now but I haven't seen them elsewhere in print yet.
#10 of 101 Re: $280 month EX [discostew]
Nov 21, 2009 (3:43 pm)
That doesn't look too bad at all. The best offer I have so far is $293 per month. That's with zero down ($619 to title and first) payment, $22010 selling price, 36 months, 12,000 miles per year. No tax here in Oregon.
With the residual and MF you're quoting and assuming full MSRP ($22010), the monthly cost shoulds be around $264 per month before tax with zero down. Depending on how much tax is where you live, it looks like you're pretty close.