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2013 and earlier-Honda Civic Lease Questions
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Anyone have the Lease terms (MF, residual) for an 09 Civic LX-S 24 and 36 month 15k/yr?
If you've got the LX numbers, please post those as well.
Car_man
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When negotiating your price on this car, make sure to take the $1,250 dealer cash that is currently available on it into account. Whatever you do, don't make a $3,500 down payment on a lease. I always advise consumers not to make down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though the money payment for a zero down lease will be higher, that's the safest route.
Car_man
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Car_man
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Car_man
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The money factor and 36 month residual value for just the LX Sedan are exactly the same as they are for the LX-S, but its 24 month resid is 1% lower.
Car_man
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36 or 39 months 15k per year. and will there be any extra incentives?
Thanks for your help
?
Car_man
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You definitely don't want to lease this car for 39 months. Honda's special lease program on it is only available for up to 36 months. Its money factor nearly doubles for 39 month leases.
Honda is currently providing $750 dealer cash on the '09 Civic that is compatible with the aforementioned lease program.
Car_man
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Having said this, I can give you an idea of what this car's current lease program is like. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Honda Civic VP with 12,000 miles per year are .00186 and 55% for consumers who qualify for its top credit tier.
$14,999 is a very good selling price for this car. Its dealer invoice price is $16,428. If you're able to get it for $14,999 you are getting it for less than dealer invoice minus the $750 dealer cash that is currently available on it.
At lease signing, you will have to pay your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, Honda Finance's $595 acquisition fee, and any other required state taxes or fees.
Car_man
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This was at a dealer in Racine Wisconsin.
Is this a good deal? Should I do it. It seems good to me. Please advise, I need expert advice.
Thanks!!
Thanks.
That said, supply and demand plays a huge role in the price you're going to get on the car. If your dealer only has a few Civics on the lot, then you're probably not going to have much bargaining room. Still, it's worth a shot to try and haggle with them to get the selling price of the car down as much as possible. Lease payments are based on the negotiated selling price of the car, so ask them what the current selling price is and then ask them if that includes the $750 in marketing support. Let them know that you're aware of the marketing support. They're less likely to take advantage of a buyer who's well-informed.
I hope this helps...
Thanks!!
I blame the CFC program for ruining the great deals that people were getting before the program started. Fuel efficient and relatively inexpensive cars like the Civic received the biggest boost in sales, and as a result, dealer inventory is low and the dealers are still smug after all of the money they raked in in July and August. Had the CFC program not come along, dealers would have a lot more unsold cars on their lots and you could probably still get a Civic LX for under $16k. I, too, need a new car (my lease is up in two weeks!) and I'm not sure what I'm gonna do now because I had planned on getting a 2009 Civic but now I'm going to be paying a lot more than I would've had I went ahead and bought in June or July. Oh well...
Do you think I should do it? Is it a good deal? Let me know!!!
Thanks!!
One more question for you: Do any of those other dealerships have the color that you want? If they do, you can tell them that the dealership in Racine is willing to go $250/month with $475 out of pocket and see if they'd be willing to beat that. If they bite, tell the dealer in Racine what the other dealer offered and see if they'll beat that price. That's the best way to deal, in my experience.
Also, you might want to wait another week and buy on the last day of the month. They say that dealers get a bonus if they meet a certain sales quota, and they're usually willing to take a loss on a few cars to reach it. Who knows? You may be able to shave a few more dollars off your payment if you wait another week. If you can't wait that long, then the deal you have is good, and for all we know it may not get any better. And look at it this way, even if you settle on $250/month, that's still $23.50 less than what you'd be paying if you had accepted their first offer. That's not too shabby, eh?
Anyway, I was at a Honda dealership (near Boston) the other night and got a lease quote for a 2009 Honda Civic LX and was wondering what you think.
$136/month (including tax)
36 month lease
12,000 miles per year
$2,000 due at delivery (this includes a credit for my trade-in and all fees)
What do you think? I was wondering if I should negotiate the "due at delivery" for a little less (by asking for more for my trade-in, they kind of cut me short) and then asking for $0 at delivery and asking to differ it into the monthly payments.
Can you tell me what the money factor and residuals are for both an '09 & '10 Honda Civic EX?
Also, I know the new deals came out on 9/8, do you know when the October deals are starting and if there is a place you post these when they come out or do I just need to check back?
Thanks in advance.
Can you tell me what the money factor and residuals are for both an '09 & '10 Honda Civic EX?
Also, I know the new deals came out on 9/8, do you know when the October deals are starting and if there is a place you post these when they come out or do I just need to check back?
Thanks in advance.
Also forgot to say this would be for a 36 month, 12K mile lease.
Thanks again.
The numbers for an otherwise identical lease of a 2009 Honda Civic EX Sedan are .00186 and 56%.
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
Honda's current lease program is scheduled to run through November 2nd. While it is possible that it will make an unscheduled revision to the Civic's lease program in October I would say that it is unlikely.
Car_man
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EDIT: Ahhhh, I see that in your next post you mentioned that you're interested in a lease with 12,000 miles per year. The residual values for 12k leases would be 2% higher than the ones that I mentioned above.
Does the $750 rebate only apply to the 2009's or does it include 2010's as well?
I was offered a 229 monthly payment, 12000 miles, 36 months. Cap cost is 18597,
Residual is 12043. Due at signing is 2149 includes cap reduction, taxes, tags and fees.
What do you all think?
Guy
Car_man
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thanks
Payments are $170/month, with $2000 out of pocket (includes tax title & fees)... (along w/ the $750 they gave me for my beautiful 99 saab (132k/m and needs a whole new exhaust system @ $1000). The lease is 12k/miles 36 months.
They gave me the ol' well you'll be the 20th car sold today and it's Columbus w/e so we can give you a great deal schpeal... and I bought it. I was really just going for a test drive.
However what made me sign was seeing a current offer on the internet at automobiles.honda.com/current-offers.aspx which offer a 2009 LX for $1999 down and $199/month (same lease terms).
How did I do? Thanks in advance either way!
What do you think abt Honda's current lease on the Civic VP?
Thanks
2010 Civic Sedan VP Featured Special Lease
$169.00 per month for 36 months. $2,499.00 total due at signing.
Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Show Details
FEATURED SPECIAL LEASE: Closed-end lease for 2010 Civic DX-VP Automatic Transmission (Model FA1F3AEW) for $169.00 per month for 36 months with a $1,735.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,499.00 total due at lease signing (includes first month's payment with no security deposit, AHFC upfront acquisition fee and capitalized cost reduction; 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. 9/23/2009 through 11/2/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2010 Civic DX-VP Automatic Transmission vehicles (Model FA1F3AEW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $17,915.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $15,563.68. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $6,084.00. Option to purchase at lease end $10,749.00. 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.
Thanks
JH
Thank you very much!
Car_man
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You can determine approximately how much it will cost you to get out of your Civic lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Car_man
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When negotiating your lease on this car, make sure to take advantage of the $750 dealer cash that is currently available on it.
The numbers for an otherwise identical lease of a 2010 model are .00186 and 60%.
Car_man
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We just got this quote by a dealer in northern New Jersey for a 2009 LX sedan with auto trans:
$1000 down at lease signing, $243/mo. for 36 months (with 12k mi/yr) including all taxes and fees.
We had started looking for an EX sedan but when the dealers came back with monthly payment amounts of $287 to $300, we decided to scale down to the LX sedan. Are these guys just trying to pull the ol' swindle? :confuse:
Seeing the other posts on this board, I don't think our offer is so good anymore. What do you guys think?
Thanks!
You were right - it was high so I went back to them and pushed for a better offer (thanks!) - here is what they came back with for the 2009 LX sedan:
Price $16,040
Cap cost: $0
Money factor: .00186
36 months with 12,000 miles per year = $229.43 per month with $1,258.43 total due at signing.
The monthly payment matches your payment, but why the difference in the down payment?? :confuse:
We decided to go with the 2009 Civic LX lease with $900 down and $232 a month. We didn't really have the time to haggle with the dealer anymore, so I put an end to the back and forth with the above numbers. Overall, the experience we had was good so no complaints here.
Thanks guys!!!
Can you please give me the Residual and Money Factors on the following 2 cars? I am trying to figure out a lease for 36 months/15,000 miles.
2010 Honda Civic LX Automatic Coupe
2010 Honda Civic EX Automatic Coupe
I am turning in a 2007 Honda Accord with the lease ending in December so I am pretty sure that I quality for the super-preferred term as a returning American Honda Finance customer.
Thanks!!
Seems like there is model change on civics next year?
I just leased a 2010 Civic LX-S in Brooklyn, NY for $226 including taxes/30 months, with 1499 down (includes all fees and the first month payment). Before I read your post I thought it was good! I tried to find out the price of the car but the dealer kept telling me it doesn't matter and that he could put any price down but that would change money factor, at the same time he refused to tell me what the money factor was. He told me I got Tier 1 credit (whatever that means) and that I am getting the car for a total of 18,405 but it was not anywhere in the papers. The residual factor is about 13k. I keep thinking that I got ripped off and got the car for MSRP, am I wrong? Also, the dealer told me that the car total price makes no difference and that all I am buying is monthly payments but it doesn't feel right. What do you think? Thanks!
I feel like I can do better. Thoughts??
Thanks in advance.