Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
I'm in the market and need current leasing/incentives data.
Thanks.
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Insight EX with 15,000 miles per year are .00126 and 61%, 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 $750 dealer cash that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP: 22,050 EX MODEL
Money factor: .00126
Residual: 13,891
Nothing Down, only first payment and out the door.
Terms: 36 months with 12k miles for $264/month tax are included in the price
second dealership did this
MSRP: 21,300 EX MODEL
Money Factor: Same
Residual: Same
Nothing Down, Only first payment and out the door
Terms: Same at $291 per month and taxes are included in the price...
Ok so now here is my question? What can i negotiate them down to? what are people getting in the state of New Jersey? With no money down can i get them at $220/month for the same terms and on the BASE EX model?
Thank you very much forumers this really helps when i go to the dealership.
Yes sir man
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Any Idea what to expect in the leasing area for July?
Had planned on dealing now, but if no deals will wait til Aug. My area is east Ohio. Which does not appear to have much of a selection available.
Please fill me in on what my possibilities are,re: leasing Insight now>
Many Thanks
Yes sir man
I notice this morning that Honda has added a 36 Mo $179 per month with $1999. due at signing. I really didn't want to come up with the $1999. deal, but will if absoutely necessary.
Going to the Dealer Monday. Can you provide me with some sort of ammo for the talk? What should I expect. I want the EX Model.
Thanks for your time and expertise.
Yes Sir Man
The Gross Cap Cost was: 22327.00
The agreed upon value of the vehicle (as shown on the contract) is 21240.00
They gave me $3607 for my trade
The residual value is 12176.00 + the rent charge of 1176.84 = 7181.84 for base payments
I'm from Texas, and we have an 8.25% sales tax
The car is costing me $199.47 per month.
When they first estimated the monthly payment to be in the $195-199 range I was satisfied, and they told me that they had reduced the the value of the MSRP to get to that number, but upon closer inspection, I'm not sure if I'm paying sticker price for the car.
did i get ripped off?
You haven't provided enough information (e.g., money factor, adjusted cap cost) for anyone to validate the payment. The MSRP has nothing to do with selling price and is only used to calculate the residual value. So, here's what I suggest...
Ask the dealer for their LEASE WORKSHEET. This is a computer generated document that will tell you everything you need to know and then some. The beauty of this document is that it always tells the truth so that there is no misunderstanding or confusion. Please feel free to email it to me at
diffeq@zoominternet.net
and I'll be happy to analyze it for you.
All the Best,
John
To give you an idea of what its current program is like, Honda Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2010 Insight EX with 15,000 miles per year are .00104 and 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
In addition to this special lease program, Honda is providing $750 dealer cash on this car. These two programs are compatible.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
As far as the advertised payment that you saw goes, manufacturers usually include some sort of down payment in their advertised leases. They do so to make the monthly payment, the number that most consumers focus on first, look more attractive. Consumers like yourself can and should lease any vehicle that they want without making any sort of capitalized cost reduction. It is in your best interest to pay as little money at signing as possible on your lease.
Honda Finance requires lessees to pay their vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment (when it's not waived), and a $595 acquisition fee at signing. The acquisition fee can even be added to your vehicle's capitalized cost to make it part of your car's monthly payment if you want.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks again Yes sir man
Thanks for the information on current lease programs.
Does Honda offer 48 month leases at 12K and 15K per year?
If so could you provide the money factor and residual % for each option on a 48 month loan?
I am getting some very good pricing on Insights considering the $750 dealer cash and I am considering a lease - I'd like to have as much information as possible before I go to a dealer in person.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
If I recall correctly, you were considering getting an Insight EX. Just a heads up, Honda just introduced new bonus cash, something like $750, on the Insight LX. That cash might convince you to switch trim levels.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I found out that the subsidized leases were only on the 36 month term (makes sense from Honda's point of view - they want to get you back in in 3 years for another new car, not 4).
I found the same info as you posted from two different dealers.
I did go with an Insight EX - picked it up on Saturday. Already have about 600 miles on it (busy week). I got 42.2 MPG calculated on the first fill up after driving around all weekend to the mountains and into Philadelphia.
So far on my somewhat congested suburban commute (23 miles each way with about 17 of that on highways that tend to get slow/stop periodically at rush hour) I'm getting just about 50MPG each day round trip. I'm looking forward to seeing what the calculated first tank of strictly commuting MPG is.
I ended up with the 36 month lease on the Insight EX. I'm very happy so far.
Thanks again for your help.
Ted
Can you share the details of your lease (eg. how much down and monthly pmt)?
Thanks!
Xavier
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Honda Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2010 Insight LX with 12,000 miles per year are .00085 and 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of a '10 Insight EX are .00085 and 61%.
I'm not sure if Honda Finance offers 10,000 mile per year leases on Honda division vehicles, but if it does its residuals for that mileage allowance would likely be 1% higher.
When negotiating your lease on these cars, make sure to take advantage of the $1,500 in cash incentives that is currently available on the LX and $750 on the EX.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP 22010
Transaction cost- 20010
Money Factor- .00038
Residual- Both 59%
Pre Tax- 208.30
I'm guessing he meant sell price where he put transaction cost, no?
Is this a decent lease offer? Any help would be greatly appreciated.
first of all, THANK YOU car-man for this awesome forum that's just a wealth of informaton.
i'm looking to lease an Insight LX. 15k/yr, 36-mo. Does anyone have info on lease specials for November on the EX or LX for Southern Cal?
thanks!
Honda Finance's November 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 .00048 and 57%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers are the same for the EX.
Honda is currently providing $1,500 dealer cash on this car that is compatible with this lease program.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
3year.. 12k/year.
The numbers for an otherwise identical lease of an '11 Insight LX are exactly the same.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
$225/mo. $132 due at signing.
Price included 7% NJ tax, $595 acquisition, $295 Motor Vehicle, $199 doc fee, $30 Tire tax.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
And this is for a 2011 BASE model!
This is my first potential lease, and I am totally clueless on how to negotiate it. It seems like if I start haggling one part of the lease, they will just adjust another part of it to get their way! I have one dealership willing to sell me a 2011 Insight Base for $17,312 but I have no idea where to go from there with the negotiations. I asked him what the money factor and residual value would be on a 36 month lease (via email) if I decided to take that route.
Somebody please help!
could you tell me what kind of numbers to expect for leasing a 2010 insight? MF, residuals, 15k
do you know what percentage they used for a residual value on the lease?
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
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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?
Sorry for the confusion.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Help me out folks, what's a good price fo these, what should I look out for. THanks.
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
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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?
24/12,000 (if offered)
36/12,000
It doesn't look like anyone has posted or responded in this forum in 2 years, but I'm hoping for the best... LOL
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4