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Honda Insight Lease Questions

kyfdxkyfdx Everywhere, USAPosts: 127,810
Ask your Insight lease questions here!

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Edmunds Moderator



  • Does anyone know what money factor they are offering? I know the Civics are at .00225, which roughly equates to 5.4% (x2400). I see as part of the lease offer they are 'assuming' that dealers will knock 10% off the MSRP. Interesting, since some of them might not for a little bit.

    ======Here is the initial offer====================

    2010 Insight Featured Standard Lease
    $229.00 per month for 36 months. $2,799.00 total due at signing.
    Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
    [Show Details] Show Details
    Request a Quote
    FEATURED LEASE: Closed-end lease for 2010 Insight LX Continuously Variable Transmission (Model ZE2H5AEW) for $229.00 per month for 36 months with a $1,975.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,799.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee, capitalized cost reduction with no security deposit. Security deposit waived in featured lease example. 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. 03/24/2009 through 04/01/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2010 Insight LX Continuously Variable Transmission vehicles (Model ZE2H5AEW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $20,470.00 (includes destination) less the suggested dealer contribution resulting in actual net capitalized cost $18,435.99. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $8,244.00. Option to purchase at lease end $13,919.60. 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.
  • Got a lease quote this evening on an Insight LX (had 5-6 cars of different colors in stock)with no money down and $265.02 per month plus tax for 36 months and 15000 miles a year. Total due at delivery would be $502.78. I might do it, especially with rising gas prices. Is it a good deal?
  • Hi johngettler. Not surprisingly, Honda is not currently providing any lease support on the all-new Insight. Honda Finance's current buy rate lease money factor for a 36 month lease of a 2010 Insight is .00310 for consumers who qualify for its top aka "Super Preferred" credit tier.

    Prices Paid: Buying & Leasing Experiences Forum
  • dodgeman07dodgeman07 Posts: 574
    Sounds like a fair deal to me. How much tax do you pay on top of the $265.02?

    Also confirm the "buy" price at the end of the lease.

    Good Luck!
  • I will pay 6.1% tax on top of the payment for a total of $ 281.18.

    Confirmation of the "buy" price is $9856.00 at the end of the lease. I'm going to see if I can get a better price.

    Need to take the car for a Real-World test drive first.
  • Car_man,

    Could you post the 24 month and 36 month MFs and Residuals for a 2010 Honda Insight LX?

    10,000 miles

    Are there any specials on nonstandard durations, like 30 months, etc.?

  • I certainly can, r56mellowyell. Here you go. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2010 Insight LX with 12,000 miles per year are .00183 and 70%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    The numbers for an otherwise identical 36 month lease are .00183 and 65%.

    You can vehicles through Honda Finance for just about any term that you like 27 months, 30 months, 33 months, 39 months. The money factors for all of these terms are exactly the same as what I mentioned above.

    Prices Paid: Buying & Leasing Experiences Forum
  • I am just checking that this is a reasonable deal prior to signing this weekend. $280 a month with $280 at signing and 35 payments of $280. No down payment. 12k / year. Includes 6% tax and all fees rolled in. Dealer is telling me that Honda has killer residuals (64%) and money factors (.00122) available right now but I haven't seen them elsewhere in print yet.
  • That doesn't look too bad at all. The best offer I have so far is $293 per month. That's with zero down ($619 to title and first) payment, $22010 selling price, 36 months, 12,000 miles per year. No tax here in Oregon.

    With the residual and MF you're quoting and assuming full MSRP ($22010), the monthly cost shoulds be around $264 per month before tax with zero down. Depending on how much tax is where you live, it looks like you're pretty close.
  • Tax is 6%. Too late now... I picked it up this morning!
  • Car man,

    Any chance you can share residual and lease factor for an Insight EX, 24 mo, 12K miles/yr and 36 mo, 12k mi/yr?

    Very much appreciate all your info. Thanks.
  • I'd be happy to help you out, jfershee. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2010 Insight EX without navigation with 12,000 miles per year are .00069 and 68%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36 month lease are .00069 and 63%.

    Prices Paid: Buying & Leasing Experiences Forum
  • Could *someone* (carman) supply me with the current Honda finance deals for 10,000 and 12,000 mile 36 month leases on the Insight EX and the Civic EX-L. Also, do both of these have $750 dealer cash right now on the lease and where can I find the invoices prices for these?
  • There wasn't any mention of a 750 dealer cash and I was told there is no 10,000 lease. The deals are on their website.
  • You can get invoice prices from the Edmunds website under the "New Cars" section. The Insight EX pricing is available here;

    The $750 dealer cash is available on all Insight models; setzip=97702&state=OR
  • So here is the current offer I was given from a dealer.... sound good or can I get a better deal?

    2010 Insight EX, 36 month, 12k miles (top tier credit)
    $250 per month (total including taxes)
    First month plus 300$ up front (total out the door of $550)
    no charge for mud flaps if they are already on the car, tank of gas, floor mats no charge.
  • countyslavecountyslave Posts: 5
    edited February 2010
    turning in a leased 97 civic EX with over miles (9000 miles)and still owing 3 payments for EX Insight with mudguards wheel locks, ($22010) dealer said 357 month includes tax etc on 36 month 15K miles year, with 5 year 60K mile warrenty NO deductable, Nothing else up front just pay the over milage (9K X $0.15) and pay off lease (3 mo at 272 month) total of $2166 out the door. hit up 2 other dealers and they could not match it. But reading all above is this really good? Think money factor was .00069 but could have been the .0141 didnt look that close as new at this. Credit is top tier. Picking up car today at Serramonte Honda here in Colma.
  • azza1azza1 Posts: 9
    edited February 2010

    I live in NY and I am looking to lease a new EX Honda Insight for 36 months.
    Using all the (wonderfully exhaustive) information I found on this site, I have come up with following calculation

    MSRP: 21300
    INVOICE: 20,098 - 750 (dealer rebate) = 19,348
    RESIDUAL: 0.63 (63%)
    MF: 0.00069

    21,300 x 0.63 = 13,419
    19,348 - 13,419 = 5,929 (cost of leasing before taxes and interest)
    5,929 % 36 = 165
    (21,300 + 19,348) x 0.00069 = 29 (interest per month)
    165 + 29 = 194 (monthly payment before tax)
    194 x 0.08875 = 18 (monthly tax)

    600 (aquisition fee) % 36 = 16.21 + 1.50 (tax) = 18

    165 + 29 + 18 = 230

    I take this to be the monthly payment with EVERYTHING included, including aquisition fee.

    Since I rounded everything up, I figure if I allow added $10 a month ($240), the dealer can made a $360 profit. That should be sufficient

    Have I calculate everything correctly? Please let me know if I made any mistakes and if this is reasonable

    Thank you!!

    PS: I am going to be handing back my 2007 Acura which was for 10k/per year. There is only 23k on it now.
    Can it be an added negotiation boon for me that I am handing back this car to the dealership that leases me the new Honda?
  • kyfdxkyfdx Everywhere, USAPosts: 127,810
    edited February 2010
    If it helps.... the advertisement in my paper today (which looks to be the national ad) had the Insight LX CVT model with MSRP of $20,510, for $219/mo., with ZERO due at signing.. This is for 36 mo., 12K/yr..

    Don't know about you, but I'd be happy with that.. You seem to have the numbers down pretty well.. If you need 15K/yr, add about $12/mo.. To adjust for the extra $800 in MSRP, add another $9/mo..

    Looks like $240/mo. + tax, with zero due at signing, for 36mo/45K lease!

    The Insight leases better than just about any other vehicle, right now.

    (caveat... the EX may have a different lease program)


    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • azza1azza1 Posts: 9

    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!
  • 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.
  • 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.

    Prices Paid: Buying & Leasing Experiences Forum
  • 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.
  • usairusair Posts: 23
    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.
  • 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!
  • 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.
  • azza1azza1 Posts: 9
    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!
  • 67ty567ty5 Posts: 4
    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,
  • azza1azza1 Posts: 9
    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.
  • 67ty567ty5 Posts: 4
    Thanks for the reply

    If the money factor is not negotiable then why has everyone else on this board listed different money factors? I dont get it.

    Yeah I dont get their numbers either. I think I am going to ask them to break down the cost for me again. Best,
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