Civic 2012 lease end options

qwertycl

Can't seem to get any decent lease deal lately.

Question if anyone has dealt with this. I spoke to Honda Financial and they gave me the option of extending my current Civic Lease for current payments of $75 (I paid down a lot at the start which I learned never to do again).

They also stated my current damage inspection is valid for 120 days and if I return prior to 120 days a new assessment will not be required. I am currently at $900 damages out of my $1,500 waiver.

Is it a decent idea to extend the lease until mid-August and then they start to dump 2015 models on better deals? I'm worried about being out of warranty but that is no different than a 39 month lease. I am currently under 20,000 miles so that's not an issue.

Opinions?

Mr_Shiftright

So what are your plans for August to replace this car?

qwertycl

Mr_Shiftright said:

So what are your plans for August to replace this car?

Buys me time now to find a decent deal. Hoping towards end of summer they start to dump 2015 stock and better deals come around. I can't find any decent deals now at all - Accord LX for $250, CRV for $269 - dealers won't negotiate a cent even after pricing out the lease with their sell price, term, MF and residual.

As for model, possibly CR-V. I'm just weary or being out of warranty and getting stuck with a crazy bill. Car is barely being driven any longer, at most once a week on Sunday. Only has 18,000 miles after 36 month. However it's due for inspection so worried something comes up (then again, a 3 year old 18,000 mile Civic should have no issues).

Just wondering if this is a dumb option to pursue.

Michaell

qwertycl said:

Mr_Shiftright said:

So what are your plans for August to replace this car?

Buys me time now to find a decent deal. Hoping towards end of summer they start to dump 2015 stock and better deals come around. I can't find any decent deals now at all - Accord LX for $250, CRV for $269 - dealers won't negotiate a cent even after pricing out the lease with their sell price, term, MF and residual.

As for model, possibly CR-V. I'm just weary or being out of warranty and getting stuck with a crazy bill. Car is barely being driven any longer, at most once a week on Sunday. Only has 18,000 miles after 36 month. However it's due for inspection so worried something comes up (then again, a 3 year old 18,000 mile Civic should have no issues).

Just wondering if this is a dumb option to pursue.

Paying $75/mo for a lease? Nah, I think it's the right strategy ... there should be some blow out deals later this summer as the 2016's start to arrive.

qwertycl

Michaell said:

Paying $75/mo for a lease? Nah, I think it's the right strategy ... there should be some blow out deals later this summer as the 2016's start to arrive.

That's what I was thinking. Extend it to August prior to needing a new damage inspection [don't like the sound a another inspector reassessing the same damages and having a different and higher opinion] hoping for dealers clearing out 2015 stock at the time.

$75 + $6.65 tax. Tough to say no. I guess I'm just paranoid regarding the warranty and getting stiffed with a huge bill when returning the car. Then again, I did my routine oil changes, only put 18,000 miles on the car in 3 years and only drive it once a week on Sundays. So don't really envision tires/breaks/battery issues that they could tack onto me...

kyfdx

qwertycl said:

Michaell said:

Paying $75/mo for a lease? Nah, I think it's the right strategy ... there should be some blow out deals later this summer as the 2016's start to arrive.

That's what I was thinking. Extend it to August prior to needing a new damage inspection [don't like the sound a another inspector reassessing the same damages and having a different and higher opinion] hoping for dealers clearing out 2015 stock at the time.

$75 + $6.65 tax. Tough to say no. I guess I'm just paranoid regarding the warranty and getting stiffed with a huge bill when returning the car. Then again, I did my routine oil changes, only put 18,000 miles on the car in 3 years and only drive it once a week on Sundays. So don't really envision tires/breaks/battery issues that they could tack onto me...

It's a Honda... no worries.

Most of our Honda leases were all 36mo, 15K/yr, so we were frequently out of warranty. Never had an issue.