Last post on Apr 12, 2013 at 8:03 AM
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Honda Insight, Car Buying, Car Leasing, Hatchback
#13 of 101 Re: Insight EX Lease [jfershee]
Feb 01, 2010 (3:46 am)
I'd be happy to help you out, jfershee. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2010 Insight EX without navigation with 12,000 miles per year are .00069 and 68%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36 month lease are .00069 and 63%.
Prices Paid: Buying & Leasing Experiences Forum
Feb 10, 2010 (1:20 pm)
Could *someone* (carman) supply me with the current Honda finance deals for 10,000 and 12,000 mile 36 month leases on the Insight EX and the Civic EX-L. Also, do both of these have $750 dealer cash right now on the lease and where can I find the invoices prices for these?
#15 of 101 Re: current deal [HondaHonda765]
Feb 10, 2010 (3:36 pm)
There wasn't any mention of a 750 dealer cash and I was told there is no 10,000 lease. The deals are on their website.
#17 of 101 Re: current deal [cluedweasel]
Feb 11, 2010 (5:10 pm)
So here is the current offer I was given from a dealer.... sound good or can I get a better deal?
2010 Insight EX, 36 month, 12k miles (top tier credit)
$250 per month (total including taxes)
First month plus 300$ up front (total out the door of $550)
no charge for mud flaps if they are already on the car, tank of gas, floor mats no charge.
#18 of 101 is this too much?
Feb 12, 2010 (5:24 am)
turning in a leased 97 civic EX with over miles (9000 miles)and still owing 3 payments for EX Insight with mudguards wheel locks, ($22010) dealer said 357 month includes tax etc on 36 month 15K miles year, with 5 year 60K mile warrenty NO deductable, Nothing else up front just pay the over milage (9K X $0.15) and pay off lease (3 mo at 272 month) total of $2166 out the door. hit up 2 other dealers and they could not match it. But reading all above is this really good? Think money factor was .00069 but could have been the .0141 didnt look that close as new at this. Credit is top tier. Picking up car today at Serramonte Honda here in Colma.
#19 of 101 Help Leasing a 2010 Honda EX Insight
Feb 21, 2010 (12:53 pm)
I live in NY and I am looking to lease a new EX Honda Insight for 36 months.
Using all the (wonderfully exhaustive) information I found on this site, I have come up with following calculation
INVOICE: 20,098 - 750 (dealer rebate) = 19,348
RESIDUAL: 0.63 (63%)
21,300 x 0.63 = 13,419
19,348 - 13,419 = 5,929 (cost of leasing before taxes and interest)
5,929 % 36 = 165
(21,300 + 19,348) x 0.00069 = 29 (interest per month)
165 + 29 = 194 (monthly payment before tax)
194 x 0.08875 = 18 (monthly tax)
600 (aquisition fee) % 36 = 16.21 + 1.50 (tax) = 18
165 + 29 + 18 = 230
I take this to be the monthly payment with EVERYTHING included, including aquisition fee.
Since I rounded everything up, I figure if I allow added $10 a month ($240), the dealer can made a $360 profit. That should be sufficient
Have I calculate everything correctly? Please let me know if I made any mistakes and if this is reasonable
PS: I am going to be handing back my 2007 Acura which was for 10k/per year. There is only 23k on it now.
Can it be an added negotiation boon for me that I am handing back this car to the dealership that leases me the new Honda?
#20 of 101 Re: Help Leasing a 2010 Honda EX Insight [azza1]
by kyfdx@Edmunds HOST
Feb 21, 2010 (1:10 pm)
If it helps.... the advertisement in my paper today (which looks to be the national ad) had the Insight LX CVT model with MSRP of $20,510, for $219/mo., with ZERO due at signing.. This is for 36 mo., 12K/yr..
Don't know about you, but I'd be happy with that.. You seem to have the numbers down pretty well.. If you need 15K/yr, add about $12/mo.. To adjust for the extra $800 in MSRP, add another $9/mo..
Looks like $240/mo. + tax, with zero due at signing, for 36mo/45K lease!
The Insight leases better than just about any other vehicle, right now.
(caveat... the EX may have a different lease program)
#21 of 101 Re: Help Leasing a 2010 Honda EX Insight [kyfdx]
Feb 21, 2010 (5:45 pm)
Thank you for commenting so quickly. I have not seen anything close to the advertised deal you are mentioning! Now that I look closer at the difference between EX and LX, it's not so much, unless I go for the Navi (which would get me a bluetooth, which I've found to be very, very convenient). Would you or anyone else by any chance have the money factor and residuals for EX with navi and an LX for 12/k? The numbers I calculated use Carman's info for 12k EX (it wasn't even 15k, but I don't need that much).
#22 of 101 Re: Help Leasing a 2010 Honda EX Insight [azza1]
Feb 22, 2010 (4:14 am)
When I was in the dealership leasing my EX for 36mo 45K miles Extended warrenty I saw the sales blurb for the .00069 on the mf on the EX and it was clearly expired on 2/2/2010.
Actuually the current one as of 2/2 was .00141.
There is a enough of a diff to warrant the extra 1K for the EX over the LX as you will get the traction and stablity control which is a BIG plus on this car, in a few years this safety device will become a required standard. The side mirror mounted turn signals (nice safety feature) and heated mirrors are a big plus along with the upgraded sound system and Cruise control which is what you will use a lot if you want to achieve high MPG, USB ( Ihave a flashdrive on mine for music) and Ipod connect along with alloy wheels are frosting but none the less for 1k more it is a real deal. The nav is a Extra on top of the EX it is not standard with it and adds nearly 1800 to the price of the car go upgrade the LX to the EX with Nav. I can read a map quiet fine and after having a 07 Civic with Nav I found it to be lacking on updates so in San Francisco bay area I found it sending me down the wrong way on streets and actually couldn't find my own house which has been there for nearly 60 years (my street was listed in the wrong city) and in one case the freeway had been changed 2 years earlier and it would have sent me onto a closed offramp.
Currently the EX is running about 22K here without nav and that is 1K over a Civic EX loaded which if you drive the Insight about 45K a year will more then pay for the gas savings over a Civic on a monthly bases, Civic does not even offer the traction and stablity control. Take a Insight down a windy road and push it just a little and you will really appreciate the diff in handling, really ties down that light backend and tendency to plow on corners, and on a wet road it can be a life saver. I took a LX out and really pushed it (salesman loved the ride though) and noted the diff in handling.
On the East Coast they may have a diff deal but Insight is a much in demand car here in Calif and its not so much of a buyers market in this area. My local dealer cannot touch that price and terms you have mentioned above. 219 a month with no drive out is only 20 more a month with a driveout of nearly 2400 on a LX insight here (199 and2400 at lease sighing here). What will hit you is if you drive over the 36 k miles and buy a extend warrenty as Honda does not prorate the extended warrenty anymore and you will pay for a full 5 year warrenty. You do NOT want to be stuck with a Hybrid that has the warrenty run out (note that it is no even 100% warrenty on the new car but has a deductible) and needs a major issue repair of some kind. Extended repair is available with 250 or 0 deductible I chose 0 as it is a VERY new car and no one really knows its future issues. Sorry to be so lengthy.