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Car_man
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Car_man
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Car_man
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May I get the money factor and residual (10k/yr)36 months for the Civic EX and EX with navigation. Also, what is the aquisition fee.
Thank you.
I'm looking to lease the 06 Civic Hybrid, no NAV, for 42 months, 12K mi/yr. I have excellent credit.
What would my payments be if I put no $$ down, paid $500 below MSRP, and was given their best tier (.00265?)? What would be the RV (I was told it would be a whopping 61%!)?
Thanks for your help.
Car_man
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Car_man
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Thanks!
I've been leasing Toyota Camrys from 1993 till 2001, and never had such a fee mentioned. The current leasing company claims it is now customary with any leasing of any car today.
$400 adds about $10 a month to our lease payment, which is still a good deal ($249)... But I'm just wondering about this "Turn-In Fee"....
Trade in: $11060
Private sale: $12413
Dealer: $13591
My question is, #1 am I better off buying it from Hondafinancial and selling, or #2 selling the right to hold my lease and having the buyer purchase the vehicle directly from Hondafinancial? It seems to me that option #2 entails paying sales only tax once, while option #1 entails me and the buyer each paying sales tax.
If I go with Option #2, how is this done? Thx
I can tell you MY numbers:
--Civic LX
--Zero $ down
--39 months (initially I thought I'm getting 36 months)
--12k miles per year
--$249 a month.
--But a $395 Turn-In fee, If I don't buy the car at the end of the lease. I was told it's customery now.
Got it thru a leasing company called Car Lease in Lincolnwood, IL. Their headquarters is in Dallas TX.
Never heard of such a thing. My sister leased an '06 Accord in January and there was no mention of this end-of-term fee. This is just a roundabout way of paying $259/mo. If you're happy with the deal at the end of the day, there's no reason to dwell on it. Congrats.
im looking for the code of a cd player(the original that comes with the car) , since mine doesnt let me do anything til i put the required code. If someone can help me with this i'll appreciate it. thanks.
Since this is a Civic leasing discussion, you might get better responses by posting your message here:
Honda Civic Owners: Problems & Solutions
regards,
kyfdx
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Did you get a good deal? Be sure to come back and share!
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Also, are these cars hard to find with Honda doing such a great job selling them?
Thanks.
TG :shades:
Car_man
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I need some urgent assistance if at all possible as I am planning on making my purchase tomorrow. Would you mind taking a look at my arrangement thus far?
I have negotiated a lease offer for a 2006 Nissan Maxima SE with all except navigation basically. msrp=$34,895
I have not negotiated an end price but they offered a lease payment of $399 for 36 mos, 12,000 mi. Only money down would be licence and title transfer and first month payment, totalling $535. They stated the money factor is .00095 and the residual is 54%. I am at the end of my lease for basically the same car and looking at a new one to lease. Does this look suspicious to you? What am I missing? You help is much appreciated!
Thank you!
Thanks, Josh
My sister is interested in leasing a 2006 Civic Sedan, either LX or EX, for 36 months with 12,000 miles per year. Could you please give me the LMF and residual values for each? It would be much appreciated!
Thanks,
Ben
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Car_man
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Owe $10,419 at end plus tax. NY state with 7 3/4% tax. Gap insurance incl. Honda finance. Civic EX for $314/month.
Payment of $305/month. 36month/12K. Does this sound right and is it a good deal or not?
Can get an '06 Accord LX for $275/month. RV= 57% MF= .00086.
MSRP of $21,525. Selling price $19,775.
"Your best lease on an LX is shown below. And this assumes Tier Zero or Tier One credit:
Quote No.: 56479 17) Protection Plans (W):
1) Contract Date: 04/18/06 18) Service Cont (W):
2) First Payment Date: 05/18/06 19) Maintenance (W):
3) Lease Institution: HONDAL70 20) AN VCP (W):
4) Stock Number: 21) Total Add Caps (W): $ 640.00
5) County (W): Adjusted Cap Cost: $ 17,632.00
22) Cash Cap Reduction:
6) M.S.R.P.: $ 17,660.00 23) Total Sales Tax: $ 995.04
7) Residual Adds (W):
8) Residual Value %: 59.00% Base Monthly Rental: $ 335.00
9) Mileage Penalty: 24) Security Deposit: $ 375.00
10) Residual Value: $ 10,419.40 25) Smog/Weight Fees(W:
11) Capitalized Cost: $ 16,992.00 26) Ttl Annual Fees (W: $ 174.00
12) Term: 36 27) Ttl Initial Fees(W: $ 36.75
13) Lease Money Factor: 0.00480 28) Amount Due At Start: $ 948.39
14) Customer Cash Down: 29) Ttl Working Cash(W:
15) Rebates: 30) One Pay Amount:
16) Total Trade (W): 31) Total Monthly Payment: $ 362.64"
This is a terrible money factor. It's equivalent to a 11.52% interest rate.
Can I please have the money factor and residual for a Honda Civic EX 15,000 miles / 36 month lease? This is for the Sedan.
Thanks,
Ben
In answer to your question, since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
To make sore that you are getting a good deal on your lease, you need to find out the selling price that you are being charged and the money factor that is being used to calculate your lease payment. As you have picked up from reading other posts, the selling prices of leased vehicles are negotiable, just as if you were paying cash or financing. Make sure that you are being charged a fair price for the car that you want to lease and that the dealer you are working with uses a Honda Finance's current 36 month buy rate lease money factor of .00265 to calculate your car's monthly payment. This factor assumes that you pay a security deposit and that you qualify for Honda Finance's "Super Preferred" credit tier.
Unfortunately, you may find that the Honda Civic costs more than you want to spend right now. The redesigned Civic has been very well received by the public. As a result, Honda is not currently providing any sort of lease support on it, like it has been forced to do with previous generations. Its current lease program for this car is not very good.
Car_man
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Car_man
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Nope. 24 months is typically higher, unless the manufacturer is offering some great 24-month incentives and not 36. Reason being the biggest depreciation years for all cars is the first 24 months. So, for instance, you might have 65% residual at 2 years vs. 58% for 3 years. In the 2-year lease, you are financing an average of 17.5% per year in depreciation, while in the 3-year lease, you are financing an average of 14% per year depreciation. Obviously, the 3-year lease will be lower if all else is equal (meaning equal MF).
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
2 payments left at 207 each.
New deal:
turn in old car - not responsible for payments
lease 2006 civic LX auto
323 at signing
61% residual
.0027 money factor (qualified for highest credit tier)
12k per year
278.65 a month (tax included - 6% in CT)
What do you guys think?
Thanks for any input
2006 Honda Civic EX Automatic Transmission
MSRP including destination: 19,810
Cap Cost 19,210
595.70 out of pocket
323.55/mo plus tax
15,000 miles per year
2006 Honda Civic LX Automatic Transmission
MSRP including destination: 17,860
Cap Cost 17,260
548.21 out of pocket
291.69/mo plus tax
15,000 miles per year
They did not tell me what money factor this was with, even though I asked.
Questions are
1. Any thoughts on how good/poor these quotes are?
2. Sounds like demand is solid for these, so are people right now able to negotiate the starting cost much below the $600 below MSRP they are quoting me?
I know what the innvoice and MSRP are for '06 civics. I am trying to figure out what the residual value will be on an '06 civic EX for a 48 month lease. I also wanna find out what the money factor is. I want to go in prepared to the dealer. this is my first time leasing. Can you help me???