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Honda Insight Lease Questions

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Comments

  • spohiospohio Posts: 13
    Car_Man,
    could you tell me what kind of numbers to expect for leasing a 2010 insight? MF, residuals, 15k
  • spohiospohio Posts: 13
    still looking for lease info on 2010 Insights. I see a few leftovers at local dealers and I am wondering what kind of money factor and residual i should expect.
  • spohiospohio Posts: 13
    gottainsight,
    do you know what percentage they used for a residual value on the lease?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi spohio. Honda isn't providing lease support on the 2010 Insight any longer. As a result, if you were to lease one through Honda Finance, you would have to use its standard lease program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Insight LX with 15,000 miles per year are .00200 and 54%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your lease on this car, make sure to take advantage of the $1,500 dealer cash that is currently available on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • zoranzoran Posts: 68
    Hi Car_MAN when will car be out? any expected changes significant? or plug in hybrid?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi zoran. I believe that the 2012 Insight is supposed to be very similar to the 2011 version. It will not be a plug-in model. I don't know exactly when it is scheduled to arrive at dealers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • zoranzoran Posts: 68
    Thanks a lot. 2012 models are expected this spring so hopefully soon! Insight , civic hcfa, new civic hybrid, will wait along with Prius plug in, and little Xd based model:)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome zoran. Just in case you're interested, given the shortage of parts from Japan and the high gasoline prices right now Honda recently decided to pull the plug on its support for Hybrid models.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • zoranzoran Posts: 68
    :(, what does that mean? if any thing goes wrong, then they cant fix it? and wont bring out 2012 models?
  • mamac3mamac3 Posts: 3
    Hi - I just received the following lease offer from the dealer but I can't seem to make the numbers work.

    MSRP 24,015
    price 22,314

    residual 63%
    MF .00192

    36 month lease - $799 out the door (1st payment, tax and registration, title etc)

    The dealer is quoting $339 a month and I think it should be closer to $300 a month.

    How does this lease look to everyone? Would it be wiser to wait a few months until things settle in Japan or does it even matter?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey zoran. I think that you misinterpreted what I meant by support. I meant that Honda is not currently providing any support in terms of special incentives to buy or lease an Insight right now. Honda is still selling and servicing them as usual. The 2012 models may end up being delayed slightly, but they are coming.

    Sorry for the confusion.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mamac3mamac3 Posts: 3
    Car Man - I understand that Honda just pulled the plug on all support for the 2011 insight as well. Do you think we will see it come back before the 2012's get released? The mf on these looks pretty bad right now so not sure if I wait it out or move onto another model. (At this point the leaf lease is the same as the insight lease- and the money saved on gas will pay for the charger installation) - what's a girl to do?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey mamac3. Of course, it's always difficult to predict exactly what automakers will do with their future programs, but I personally highly doubt that we will see any support on the Insight until the Japanese automakers get their plants straightened out and gas prices drop significantly.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • zoranzoran Posts: 68
    any idea, when and any change
  • ariknycariknyc Posts: 12
    A local honda dealer has a bunch of 2011 New Insightes in stock. They want $19000 for them. Can I get some advice? Are these worth buying, should I work the price down? If I buy it, I will probably need to put over 30K miles per year on it with mostly highway miles. I figure I will run it at 55-60 MPH in eco mode with cruise control and I hope to get maximum MPG for it. It comes with the 150,000/10year warranty on the hybrid and the regular 3/36K B2B warranty.

    Help me out folks, what's a good price fo these, what should I look out for. THanks.
  • rosenbj1rosenbj1 Posts: 11
    Hi Car_man:
    Would you be able to post the current residual and money factor for a 2012 Insight EX for 36m/36k? I was reading that earlier years have lost leasing support, is it the same for 2012? Thanks

    -Jonathan R
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello Jonathan. What you heard is correct. Years ago Honda had to provide support on the Insight because it couldn't give them away. Now that gas prices are significantly higher Honda doesn't have to provide support on it any more.

    Honda Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Insight EX with 12,000 miles per year are .00185 and 61%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • oojasoojas Posts: 6
    Hey Let me know if this is a good deal. Brooklyn Dealer

    Honda Sports MSRP 24980
    taxes 289
    aqui 595
    36 month lease with 935 taxes upfront

    He told me that with 0 down i will be paying 270 a month for 36 month lease

    is this a good deal?
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