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Honda Insight Lease Questions

101 messages,  Last post on Apr 12, 2013 at 9:03 AM

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

Messages Page 3 of 10

#21 of 101 Re: Help Leasing a 2010 Honda EX Insight [kyfdx] by azza1

Feb 21, 2010 (6:45 pm)

Replying to: kyfdx (Feb 21, 2010 2:10 pm)
kyfdx,
 
    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).
 
Thank you!

#22 of 101 Re: Help Leasing a 2010 Honda EX Insight [azza1] by countyslave

Feb 22, 2010 (5:14 am)

Replying to: azza1 (Feb 21, 2010 6:45 pm)
Hi
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.

#23 of 101 Re: current deal [HondaHonda765] by Car_man HOST

Feb 23, 2010 (4:18 am)

Replying to: HondaHonda765 (Feb 10, 2010 2:20 pm)
Hi Hi HondaHonda765. If you haven't leased your Insight yet, you're in luck...Honda just enhanced its lease program on it last week. It's now featuring a "zero due at signing" lease on this car.
 
Honda Finance's current buy rare lease money factor and residual value for a 36 month lease of a 2010 Insight EX with 12,000 miles per year are .00107 and 63%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
The numbers for an otherwise identical lease of a 2010 Civic EX-L Sedan without navigation are .00107 and 58%.
 
I'm not sure if Honda Finance offers leases with only 10,000 miles per year (if it does, I've never seen one).
 
There is currently a $1,150 cash incentive on leases of the Civic and $750 on the Insight.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#24 of 101 good internet price on 2010 Insight EX w/Navi? by 03minidrvr

Feb 27, 2010 (3:29 pm)

Hello wonderful forum people,
I just received an "internet price" from Honda of Oakland (California) for $21,699 for a 2010 Insight EX w/Navi. Since it's below MSRP and Edmund's invoice price of $21,790, it brings the Insight to the top of my list. Does this sound like a reasonable price for the current market?
 
I was also told a 36 month lease with 15K miles has a 59% residual value. The email also says ".00107 money factor or .00141 depending"
 
The plan is for my husband to test drive one tomorrow (I test drove one a couple months ago) so any quick advice would be greatly appreciated.
 
Thank you!
 
p.s. and thank you again to everyone who posts to the forums. I feel so much more empowered/informed when I talk to car salespeople now.

#25 of 101 Re: good internet price on 2010 Insight EX w/Navi? [03minidrvr] by usair

Feb 28, 2010 (4:48 am)

Replying to: 03minidrvr (Feb 27, 2010 3:29 pm)
wait until march end. Toyata announcng big rebates and everyone else will follow. Plus Insight is a very slow seller, they will have to do better if they want to move it. I am going to wait it out.

#26 of 101 Re: good internet price on 2010 Insight EX w/Navi? [03minidrvr] by jfershee

Feb 28, 2010 (12:54 pm)

Replying to: 03minidrvr (Feb 27, 2010 3:29 pm)
Honda is giving $750 dealer cash right now, so you should be able to get the price to $750 below invoice (or very close). At least in the Midwest, they will sell them at or very close to invoice minus dealer cash to get the moving. Good luck!

#27 of 101 Re: good internet price on 2010 Insight EX w/Navi? [03minidrvr] by countyslave

Mar 01, 2010 (3:57 am)

Replying to: 03minidrvr (Feb 27, 2010 3:29 pm)
Hi
For the record I have had my EX Insight for 3 weeks and best mileage was 58mpg from Daly City to San Jose on 101 steady 66mph about 100 mile round trip. Average since I bought it has been 46 mpg. big jump over my 07 Civic at 29 average.
 
That seems a rather high for the internet price but if you really think you need the nav (very poor nav at that as my 2 year old Tom Tom can run circles around the navigation feature, just no voice recognition etc, but I can read a map and in a pinch I can do a Mapquest before I leave home) keep in mind that many dealers use the internet as a hook to make you think your getting a "special" price and actually it is NO deal at all.
I went back to Marin Honda where I leased my 2007 civic EX from and they would do 21K for the Insight EX without nav and money factor at that time was .00141.
I showed those figures to Serramonte Honda and they went one better at $20230 and same money market value AND they threw in the wheel locks cargo liner, cargo cover and splash guards. Think this was about $400 in extras (should be standard along with carpet mats). I also purchased a extended 60K mile no deduct able warrenty and to be driven 15K a year for 3 years.
If you want to add accessories go to Ebay as genuine Honda parts are much cheaper even with shipping on the net, many are from Honda dealers that have internet parts sites.
 
Keep in mind Toyota is coming back with a vengeance to make up for lost sales and Honda is going to have to work to beat out Toyota this coming month. As of now you can get the Toyota for $250 a month and $1500 drive off so adding a their extended warrenty will put it about $265..very hard to beat.
 
If you are going to go over 15K a year on your Insight read your warrenty carefully as it is NOT a full 100% warrenty even for the first 36K miles. Suggest you go for the full extended warrenty for 5 years 60K miles and NO deductible (Honda no longer allows the extended warrenty to be prorated) as you do NOT want to be looking at a expensive repair job of anything on a Hybrid after the warrenty runs out.

#28 of 101 March residual and MF by azza1

Mar 06, 2010 (5:30 pm)

Hi CarMan,
 
   Can you please tell me what the March residual and money factor are on the 2010 EX and LX Insights (NY area), for 12k and 15k?
 
Thank you very much!

#29 of 101 Re: March residual and MF [azza1] by 67ty5

Mar 09, 2010 (7:58 pm)

Replying to: azza1 (Mar 06, 2010 5:30 pm)
Here is the quote that I received. I think its a bit pricey.
 
This is for a SPECIAL lease on a 2010 Honda Insight EX
 
12k miles per year/36 months
Moneyfactor .00132 (the amount of interest per month)
Residual (Option to buy at end of lease term) $13,866
 
Money Down: $395 (this is just for DMV registration)
Payment: $273 plus tax
                 $297.79 (with tax included)
 
===============================================
 
This is for a lease on a 2010 Honda Insight EX
 
15k miles per year/36 months
Moneyfactor .00132 (the amount of interest per month)
Residual (Option to buy at end of lease term) $13,426
 
Money Down: $395 (this is just for DMV registration)
Payment: $285 plus tax
                 $310.46 (with tax included)
 
I think I should ask for a lower moneyfactor. Is their anything else I should focus on?
 
Ideally I want to pay 0 down, get the first month free, for 250 a month to include 15K miles. Is this possible for an EX,

#30 of 101 Re: March residual and MF [67ty5] by azza1

Mar 13, 2010 (10:02 pm)

Replying to: 67ty5 (Mar 09, 2010 7:58 pm)
You cannot ask for a lower MF as it is one of the things that is not negotiable: it is what it is
However, when I plug in the MF you indicate, I get 276/month, with acquisition fee, delivery fee, and taxes included.

Messages Page 3 of 10

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