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2013 and earlier-Honda Civic Lease Questions

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Comments

  • johntenjohnten Posts: 13
    He got the LX-S
  • utexas06utexas06 Posts: 43
    I was originally planning on getting the LX when I asked car_man but I opted for the LX-S instead. I don't believe the acquisition fee was added into Car_man's calculation.

    johnten, any luck on a Civic lease?
  • johntenjohnten Posts: 13
    Not yet. I had my heart set on a black LX but now it's gone. The color of my car is going to be a big deal to me. I'm looking online at inventory and seeing what I could live with. I might even downgrade to a VP. I'll figure it out this weekend.
  • mariasmarias Posts: 9
    Just leased a Civic LX automatic transmission:
    Cash Price for Vehicle: $16,021.51
    Pre-Delivery Serivce Charge: $799.00
    electronic Registration Filing Fee: 139.95
    Acquisition Fee: $595.00
    Third Party Private Tag Agency fee: $40.00
    Total Capitalized Cost: $17,555.46

    MF: .00059
    Residual 60%
    36 months

    Did I just make a mistake? And what the heck is Pre-delivery Service Fee which was pre-printed on the contract?
  • doctom2doctom2 Posts: 4
    Hello Car_Man,
    Would you kindly tell me the residual and money factor on an Si sedan, 12k/yr for a three yr lease?
    Thanks much
    Maleha
  • stiener1stiener1 Posts: 1
    edited April 2011
    I don't know the MSRP or residual value for the Honda I am going to lease, should I be concerned? I just negotiated on the lease price since I will not be buying the car. I went to 3 places to get this deal and negotiated one to dealer to the next. I also found the color black which believe me was not easy. I live in Northern NJ

    2011 Honda EX Automatic
    36 months/12k Miles
    35 Payments
    $0 down
    $0 Security Deposit
    $515 for all charges including title and registration
    $210 per month tax included
  • johntenjohnten Posts: 13
    Hi Utexas06. I hope you're still around. I think I'll be getting the coupe instead of the sedan.

    Can you or anyone else tell me what the current residual and money factor are for an LX coupe if they're different from the sedan? One dealer quoted me a 56% residual but with their "mileage adjustment" - whatever that is - it came out to 58%. I thought the residual would be the same.
  • csfkeycsfkey Posts: 1
    Just leased a Black 2011 Civic LX-S automatic transmission
    Price for Vehicle: $17580.00
    Acquisition Fee: $595.00
    DMV & 1st month payment: 683.04
    Added features: 325 (mud flaps and wheel locks)
    Total Capitalized Cost: $19183
    Payments: 295.35

    MF: .00210
    Residual 59%
    36 months

    I have only used my credit for about a year and was wondering if the money factor is about right. Also if the cap cost is usual for the LX-S. Thanks
  • raycervraycerv Posts: 2
    Please evaluate this lease offer:

    Dealer Offer: $17,092
    Residual: $11,583
    Payments: $201 including tax
    Due at Signing: $156 for tags / reg /etc
    Standard 3year 12,000 mile per year Honda lease

    My offer: $16,750 based on the truecar dealer cost greta price etc in our area

    Thanks for your help on evaluating this deal
  • nyccarguynyccarguy Stamford, CTPosts: 7,776
    edited April 2011
    Good morning carman. Do you have the April lease rates & money factors for a Civic EX-L w/ NAV for a 36 month lease with 12K per year? Thank-you.

    I'd also like the same numbers for a Civic LX-S?

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • contango1contango1 Posts: 2
    edited April 2011
    Recently leased this from Hamilton NJ Honda:
    what do you think, how does this look?

    Civic LX 4 door dark blue
    MSRP19,305 including destination
    12K per year
    30 months

    gross cap cost 16320.
    residual 12934. (seems high?)

    cap cost reduction 555.
    1st mo payment 109.
    registration 227.
    aquisition fee 595.
    upfront tax for lease 267.
    tire fee 7.50
    doc fee 249.

    total at signing $2010
    29 payments of $109./month

    total cost of lease $18222.
  • Hey All. Looking to lease a 2011 LX coupe this saturday. MSRP is $19,305 truecar price is showing me $15,305. With my calculations this will come out to an awesome deal, how do you approach with the truecar form? Are my calculations correct in that my payments are going to be around $150 with 0 down? Also what is the difference in the lx and the lx-s??
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Isellhondas, the phrase that I used, "pre-tax" implies that sales tax is not included. I did not roll the acquisition fee into the payment because many people, including myself, don't.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you're looking for Maleha. Honda Finance's April buy rate lease money factor and residual value for a 36 month lease of a 2011 Civic Sedan Si with 12,000 miles per year are .00057 and 59%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    When negotiating your lease on this car, make sure to take the $1,000 dealer cash that is currently available on it into account.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey nyccarguy. Honda Finance's April buy rate lease money factor and residual value for a 36 month lease of a 2011 Civic EX-L Sedan with Navigation and 12,000 miles per year are .00057 and 56%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2011 Civic Sedan LX-S are .00057 and 59%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • raycervraycerv Posts: 2
    Hi Car_Guy - Please advise:

    With a msrp of $19.300 and a sale price of $16,500, what will be the pre-tax monthly payments.

    Any other advise to drive the best deal would be greatly appreciated. Thanks!
  • contango- this seems like an awesome deal... $2000 down and only 109 per month???!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi raycerv. According to my calculations, if you were to lease a 2011 Honda Civic Sedan LX that has an MSRP of $19,300 and a selling price of $16,500 through Honda Finance right now for 36 months with 15,000 miles per year, your zero cap cost reduction, pre-tax monthly payment would be around $164.

    Car_man
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  • I am having a difficult time getting the dealership to quote me a lease deal even near theses. I have a truecar form for a civic coupe lx manual for 14,900 which is an awesome deal. I am looking for for a 36 month 12,000 mile lease. Can someone help me with what the payments would be?
  • Car man, do you have the money factor and residual % for a 2011 Civic Coupe LX? Thanks!
  • This was off a newspaper ad special which they run pretty often. It's actually 555 down which is the cap cost reduction. My concern is the residual if I buy it at the end. This seems high. Anyone have feedback on this?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jdjgreenhair. I'd be happy to work up a lease payment on this car for you, but I need both this car's MSRP and selling price to do so. Let me know and I'll crunch some numbers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, msuspartans73. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Civic Coupe LX with 15,000 miles per year are .00057 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your deal on this car, make sure to take advantage of the $1,000 dealer cash that is currently available on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • I came across this link on lease trader:

    http://www.leasetrader.com/lease-specials/2011-Honda-Civic-LX-14229.xhtml

    $149 for a 3 yr lease. I wonder how much out of pocket is needed at closing?
  • cartergcarterg Posts: 1
    Hi Car Man,

    What would a current lease deal be for the 2011 Civic LX for 24 or 36 months with 15k miles annually?

    Thanks!
    Carter
  • sportflyer1sportflyer1 Posts: 13
    Hi car man
    Honda released their 05-03 to 6-02 feature lease on the Civic an LX auto for $189 /36 months, no security dep. and $2599 due plus tax & lic. $19504 msrp and $13,000 residual Plan to take advantage of our tier one credit, so what is the Money factor on this deal. Is it a great deal, good deal or average deal? Are they firm on this payment, or can we bring the msrp a few hundred off the msrp to lower the payment a few bucks?

    thanks
    sport flyer1
  • kc527kc527 Posts: 1
    Hi,

    I currently lease a 2008 Civic EX. The lease is up on August 1. I really like my Civic but don't wish to purchase it, so I'm looking into leasing another EX (I'm assuming the 2011, as I've heard production of the 2012 is limited for now). The car itself has a few scraps and bumps in addition to the tiny scratches of wear and tear of living in a big urban environment, and I'm assuming that it will cost me some penalties when I turn the car in.

    I have a few questions, as my 2008 civic was the first car I've leased, and I'm not sure what to expect when trading in a lease.

    First, is it possible to trade in my current lease early to a dealer if I lease a newer model for them, and if so, can I negotiate to have my remaining payments and/or damages subsidized? What is reasonable to negotiate?

    Second, given the earthquake, etc, would it be wiser to try to transfer a lease now or wait until later in the summer? In other words, will prices/money factors be going up or down? And what are the current money factors anyway? Are there any current deals that I should be aware of or be taking into consideration?

    Lastly, any thoughts on the value of a 2011 vs 2012?

    I'm kind of new at this (I'm a young grad student and my last lease was negotiated by my parents), so any help would be greatly appreciated.

    Thanks!
  • sportflyer1sportflyer1 Posts: 13
    I am planning to lease a 4 door lx, because it is the feature lease ( manufacturer supported lease). Seems like Honda is now only giving lease support on the 2012's here in Socal. They are offering 2.9% financing on the 2011. I have done an early trade before, man they really ding you on that, best thing is finish up the lease, 95% of Civics are made in North America and there should be an adequate supply of cars. It is the Japanese assembled cars that are problematic, because it takes a lot of elecricity to run a assembly plant, but less to run a parts factory
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Carter. This car's lease payment will depend upon what its selling price is. Let me know this car's MSRP and approximate selling price and I'll crunch some numbers for you.

    Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2011 Civic Sedan LX with 15,000 miles per year are .00260 and 66%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36 month lease are .00200 and 58%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited May 2011
    Hi sport flyer1. Honda Finance is not currently providing any lease support on the Civic. As a result, if you were to lease one through Honda Finance right now, you would have to use its standard lease program. Its current buy rate standard lease money factor for 36 month leases is .00200 for consumers who qualify for its top aka "Super Preferred" credit tier.

    A money factor of .00200 is equivalent to an interest rate of around 4.8%, which isn't bad but isn't amazing either.

    Normally I would say that a savvy consumer who is in an area that has a decent level of competition would be able to beat a manufacturers' advertised payment like this, but given how high gas prices are and the supply constraints as a result of the Japanese earthquake I actually think that amazing deals on the Civic are going to be hard to come by right now.

    Car_man
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This discussion has been closed.