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Car_man
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Smart Shopper / Prices Paid Forums
Car_man
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Car_man
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not sure if this is the right category for this type of question. But here it is, I am interested in buying a 2006 civic. I will be in NY for 4-5 wks and is moving to CA. I don't mind driving the car to CA, but what would be some of the advantages and disadvantages of buying in NY versus in CA. thanks for any inputs.
Can you provide lease info on a 2006 Civic Si w/manual transmission, for both 24 month and 36 months with 12k miles a year? I'm curious what the residual and money factor are; I can calculate a payment for myself once I've got that info. Thanks!
Here is the lease on the 2006 Honda Civic EX sedan automatic for 36 months with 12,000 miles a year on approved credit:
Drive off: $666.24
Monthly payments tax included: $381.78.
Please let us know if you need more information
For $50 more I could lease another Volvo w/ 15K miles a year.
Car_man
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Car_man
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I'm interested in leasing an 06 Civic LX 4 door automatic with an MSRP of 18060. What are the residual value and money factor?
I've got excellent credit and am interested in a 48 month lease. What is a fair monthly payment? (Even though Civics may not be the best bet for leasing).
Thank you!
I have always leased cars that have had dealer incentives. It appears that leasing is not favorable at this time for the 2006 Civic EX Manual, but if I were to lease for 36 months, 12,000 miles a year, zero down ( I have an excellent credit rating) what can you tell me regarding its actual cost, buy rate lease money factor and residual? And should I be looking at lease companies other than Honda's? Also, Is there a place I can go that explains how to arrive at the actual monthy costs using the money factor?
Thanks,
Steve
Car_man
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Quick follow up question to your posting above - I was quote a lease price today on a 2006 civic LX of $264 a month, with $1800 due at signing (based on a purchase price of $17,500) - this is a 36 month lease, with 12k miles a year. The dealer sold me hard on american honda, saying they were much more forgiving about wear and tear, although another leasing company did have a slghtly lower monthly payment. I'm not sure exactly what the money factor is (can't recall at the moment, but could find out). does this sound like a decent price for this car? or would i be better of financing it? thanks!
I shopped around at 6 different Honda dealers and this was the best monthly price- this car is brand new. I was told as high as $335 by some places, but was able to get three dealerships to commit on $290, so I would suggest noone pay more than that with the above terms. What does everyone else think about this deal?
Thanks,
Mike
Please clarify what you mean by "with the $1500 damage deductible at the end".
The following is what I've been offered by my Honda dealer. I'm not sure if this is an ok deal.
2007 Civic EX Automatic with Navigation
Price: $20,165 (dealer swears this is as low as he can go but I wasn't sure so I walked out for the time being)
money factor: .00214
monthly payment: $314.52
term: 36 months
Does this sound reasonable? Or should I be looking at the Accord at this point?
thanks so much
Car_man
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The money factor that you were quoted for this car is lower than Honda Finance's current buy rate for it. This means that your lease is being run through an independent bank instead of through Honda Finance. Given the lack of lease support on Civics, it is not surprising that an independent bank would have a more attractive program on it right now. Let's calculate how much it would cost to lease this car through Honda Finance for the same of comparison. According to my calculations, if you were to lease a 2007 Honda Civic EX Sedan with navigation with an MSRP of $21,260 and a selling price of $20,165 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $297. With only 12,000 miles per year, this car's payment would drop to around $287.
Car_man
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In SoCal, how would I be able to get the new civic down to a price like that^^^?
Thank you in advance sir,
RJsd5
2006 Honda EX Sedan Auto:
MSRP - 17,510
Destination - 595
Total Vehicle Price - 18,105
Agreed Upon Value - 17,200
AHFC Acqusition Fee - 595
Dealer Doc Fee - 45 (couldn't get him to budge)
Gross Cap - 17,840
Cap Reduction - 326.87
Term - 36
Residual 11,107
Base Payment - 266.91 (before sales tax)
I calculated my money factor at .00303, which seems high as I am a prior AHFC customer with excellent credit. Dealer wouldn't budge on the money factor. I closed the deal on 8/25, and took delivery on 9/9.
Also, I had to execute lease on 8/25, although I didn't receive car (in shipment) till 9/9. I've never done that before - is that common and should I avoid that in the future?
Your help is very much appreciated and I shudder at the thought of walking into a car dealership without these numbers.
Too, we are also considering a 2006 Mini Cooper or a 2007 Mazda MX-5 Miata so if those numbers become available then maybe they could be posted in those forums. In any event, thank you for considering this request for Civic numbers.
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Was curious if anyone had experience with the following situation.
I am well over my lease in an 04 Honda Civi EX (about 30k).
Does anyone know if Honda "forgives" the miles if you were to lease or buy a new car from them?
thx!
Car_man
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2007 civic auto ex
I believe my car is worth around $12,000. If I wanted to buy the Honda Civic at the end of the lease, I owe about $9,000.00. That leaves $3,000 equity. My question is, would the Honda Dealer give me the extra $3,000 torwards the Honda Fit?
If I financed it then took it to another dealer I believe they would give me the $3K torwards another car.
Thanks.
With zero down payment, money factor of 0.00214, terms of 3 years and a cap price of $20165, assuming the residual value is 64%, and 7% sales tax,the monthly payment should be $291.48
If the residual value is less than what I've mentioned, then it sounds like a good deal.
I've been researching a lot about this car, and seems that it all comes down to two things , "residual value" , and "money factor".
So, would you please let me know what are the current numbers for the above two things.
Thanks
Nick
I've been trying to find out myself. It doesn't seem like there are any current advertised lease specials on the Civic. Therefore, I would expect the money factor to equate to about a 6.5% interest rate or .002696. The Black Book 36 month residual is 57.9%.
Al
I had an odd offer I had initially disregarded. I finally got this dealership to confirm their offer and it turned out to be the best of the bunch. I leased a Civic LX Sedan for 24 months/12,000 miles per year at $250.12 plus sales tax of 7.75% totaling $269.50. The complete drive-off was just the payment of $269.50. They gave me the option of either 36 or 24 months at the same price.
The dealership was using a better money factor of .00215 and a slightly lower residual. The better money factor allowed the profit on the car to absorb the title, license, acquisition fee, and doc fee.
I was really expecting a monkey wrench to blow up the deal after dealing with a jerk at a different dealership the night before. It went smoothly with the dealership not trying to back load the deal in any way. I was really pleasantly surprised.
I could easily see the extra profit to the dealership with the lower money factor, but the monthly rate was lower than everyone else and my drive off was only the 1st payment. I was happy and had no interest in beating the dealer up for a few more dollars per month.
I realize this is not the deal of the century, but I am very satisfied. Looking back it now appears the dealers only want to use American Honda rates for leasing. The key was finding a dealership willing to work outside the American Honda programs.
Could you provide me with the lease rates on a Civic Ex sedan with navi. I'm looking at a 24 or 36 month lease with 15,000 miles per year.
If possible, could I get the coupe rates as well?
Thanks.
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