looks like you got a good deal there. what was your total OTD? i just got quoted a price of $18,640 for an EX coupe automatic. i haven't gotten into the lease particulars yet, but i was going to use your deal as a measuring stick.
Do you have Honda's latest interest rates that would apply on a 3 yr lease for a hybrid with NAV (you can assume best credit rating)? I think they change rates today. Any special regional deals (we are in NY)?
What is the residual value % they are using these days for the 2007 with NAV?
Logic tells me we should be buying this car but I'm shopping for my 25 year old and besides the fact that she's not earning a million dollars a year and has to manage her cash flow, who knows what she'll be doing or where she'll be in 3 years. So leasing may make sense.
We are just starting out in this process and kind of dreading the whole process. Thks in advance.
Hi, Does anyone know Honda's latest money factor & residuals for the Civic EX AT Coupe, 36 months, 12k/yr? Last month was .00155 & 63%, but this month is maybe .00300 & 63%???
I am going looking into leasing a 2007 automatic civic ex sedan w/ navi. I could really use some help to find out if I am getting a good deal. I am trading in my 2003 leased VW jetta, I will be rolling in $834 in negative equity. Maroone Honda of Hollywood is quoting me $500 down, 12,000 miles per year for 48 months @ 300 + tax. I wanted to be below $300 but every dealer I have spoke to isn't in that ball park at all. This is actually the best i've heard so far.
At the very least does anyone know the money factor used in south florida and the current residual on this model/trim.
I am really dreading going through the motions with the dealership, etc.. I would really like to have some extra knowledge before I go in.
Hi cesca1. Honda is not currently providing any cash incentives on the 2007 Civic. The selling prices of leased vehicles are negotiable, just as if you were paying cash or financing. The $1,411 difference between this car's MSRP and selling price that I mentioned is just the discount that one community member was able to negotiate on the Civic that they want.
You are correct, the higher a vehicle's residual value is, the lower its lease payment will be.
Greetings Sofia. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Hi sivicman. I would be happy to give you my opinion of this deal. It would be much easier for me to do so if you were able to provide me with this car's MSRP and selling price. These numbers will show me how much of a discount you are being given and they will enable me to use Honda Finance's actual lease program to estimate what your monthly payment should be.
Hi sbongiovanni. $500 over dealer invoice is a good selling price for a 2007 Honda Civic right now. That would put the selling price of an '07 Civic EX Sedan auto without navigation that has an MSRP of $20,105 at around $19,050. Using these prices, I estimate that a 36 month lease of this car with 15,000 miles per year through Honda Finance would have a zero down, pre-tax monthly payment of around $290. Unfortunately, as you can see this car will be much more expensive to lease today than when you leased your last Civic three years ago.
Hi wantacivic. Unfortunately, it appears as though Honda's lease program for the Civic is worse in July than it was in June. I do not believe that it is providing lease support on this model any longer. If this is the case and you were to lease a Civic through Honda Finance between now and September 4th, you would have to use its standard lease program. Honda Finance's current buy rate standard lease money factor for 36 month leases is .00290 for consumers who qualify for its top credit tier and pay a security deposit at lease signing. It's always possible that Honda will make an unscheduled enhancement to the Civic's lease program or introduce some dealer cash on it in August, but I wouldn't count on that happening.
Hi dmbst68. Not only was the special regional lease program that Honda was running on the Civic in June not expanded, I believe that Honda pulled the plug on it completely. According to what I have heard, Honda is not providing any support on the '07 Civic in July.
Hi chellired. Something seems off with the capitalized cost that you mentioned in your post. It looks too low. The dealer invoice price of an '07 Civic EX Sedan with a manual transmission and without navigation is currently $17,816. I don't see how one could get this car for several thousand dollars below that.
Anyhow, I hope that you pulled the trigger and leased your new Civic before its June program expired on July 5th. It does not appear that Honda is providing lease support on the Civic in July.
Hi chellired. The methods for calculating sales tax on leased vehicles vary from state to state. If you tell me what state you are in, I may be able to give you an idea of how tax should be calculated in your area, or at least refer you to a site that may have the information.
I have always found Honda Finance to be very lenient in the evaluation of the condition of vehicles at lease-end. Even in instances where it decides that a vehicle has excessive wear I believe that it will waive the first $500 or so. I doubt that you will end up having to pay anything.
Hi johnh7. Ooooh, you're interested in a fancy Civic :shades: . I have seen Honda's new lease program for this car. Unfortunately, I believe that Honda is no longer providing lease support on it. Through September 4th, Honda Finance's buy rate lease money factor and residual value for a 36 month, 15,000 mile per year lease of a 2007 Civic Hybrid with navigation are .00290 and 54%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Hi jacksdad. It appears as though Honda is no longer providing lease support on the 2007 Civic. As a result, if you were to lease one through Honda Finance right now, you would have to use its standard lease program. Its current buy rate standard lease money factor for 36 month leases is .00290 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The residual value for a 36 month lease of a 2007 Civic EX Coupe without navigation is 60%.
Hi carguy2006. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
As far as this car's current lease program goes, Honda Finance's buy rate lease money factor and residual value for a 48 month lease of an '07 Civic EX Sedan with navigation with 12,000 miles per year are .00275 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
I've read this forum and it's very informative and perhaps this type of question has been asked before and I couldn't find. I apologize if it has. I have a 2004 Honda Civic Sedan VP with 31,000 miles. My lease is up 8/15/07. When I originally leased this car my now-deceased father handled the dealer aspect, so I am lost this time. I received letters from Honda Finance saying I am pre-approved for $24,000 and the security deposit waived. My credit score is 680. However, since my lease end coincides with college tuition being due for my senior year,I will be strapped for cash and honestly cannot afford any money out of pocket (except initial lease payment). I have been worried about this -- since the security deposit is waived, can all the taxes (I live in Alabama), cap cost, etc just be added in so I have higher monthly payment, but no out of pocket? Another option is extending my current lease -- Honda Finance says I can for 6 months and by then I will have more cash hopefully. What do you think? I am trying to avoid embarrassment at the dealer when I can't pay anything but the initial payment. Is this even done?? :confuse: Any help would be much appreciated!
I am trying to avoid embarrassment at the dealer when I can't pay anything but the initial payment. Is this even done??
Yes, it is done all the time. As a matter of fact, you don't even have to pay the first payment up front, if you don't want to. It extends your lease by a month (meaning if you pay the first month up front, then you only have 35 months to go, as opposed to paying nothing up front and having 36 months to go), but not a big deal, of course.
How many miles per year did you take on that current lease? Sounds like you may be a bit under on miles (unless you took a 10k/year lease). If that is the case, there is a slight chance you have some equity in the car. I suggest finding out what the trade-in value is. You can either do that here on Edmunds on the Real-World Trade-in Values board or just take it to any dealer and ask them what they would give you for it. If the value is more than the buyout, then you have some equity to use against your new lease. If it is the same or less than the buyout, then just turn it in and start over again.
With a 680 credit score, you are not in bad shape. You won't qualify for the best rates out there, not not bad, either. I suggest looking at the great Accord lease deals. I don't know what you are paying now, or what you want to pay on your next lease, so I can't advise whether you should extend your current lease or not.
'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
gbrozen, Thanks so much for your quick responses. I did have a 36,000 mile lease so I am under by like 5,000 miles right now. It looks from this site the Real World Trade In is like $9200 and I know my pay off with Honda, if I were to purchase, is $8500. I currently pay $169 a month. I know that there are no Civic lease specials now. Boo! I did see the Accord at $199, but the $2000+ plus due at signing in the fine print turned me off. So are you saying that does not necessarily mean $2000 out of pocket on that day? Can you tell I know nothing about this? Any cons to extending a lease? I was kind of hoping a for a Civic lease special. What do you think? Thank you so much taking the time to answer!! Jill
The advertised offer of any lease deal is rarely the best deal you can get. So whereas the advertised deal may be $199/mo with $2k down, you MAY be able to negotiate for $199 with zero down.
Even if you couldn't eliminate that $2k down completely, you can roll it into the payment. So, let's say you settled for the advertised deal but didn't want to put any down, it would raise your monthly roughly $50 or so. This would be the case with any manufacturer.
However, keep in mind, that $199 does not take taxes or fees into account.
$169 is darned cheap, but you probably put a good amount down to get it that low.
I don't believe there would be any problem extending a lease. At $169/mo, I would seriously consider it. I would be clear as to what your payoff would be at the end, though. Make sure it is being reduced accordingly. If so, you never know, you may have more equity in the car in another 6 months.
'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
could you help me out here, please? I was offered a Civic LX 4D MT for $16,272 + TTF (in Florida). What would be a reasonable leasing payment for this car? I'm looking for either a 36mo or a 48mo lease with 0 down and I have a low-700 credit score
Hi Car_Man, kyfdx, or anyone else that can help me.
I'm looking to lease a Honda Civic EX for 36 months 12,000 miles in New York City with $0 down payment, with total-out-of-pocket including 1st month payment, tax of 8.375%, bank fees, and title and registration (I have asked around and my TOP seems to be around $1600). I'm hoping someone can tell me what the MF and the residual are for the Civic EX with these specifications. I have thoroughly read everything about making a lease proposal but I'm unable to complete it because I do not know what those numbers would be. Please help out!
Greetings Csaba. Unfortunately, Honda is not currently providing any lease support on the 2007 Civic, so its program is not very good. Let's work up a sample lease payment on the car that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2007 Honda Civic LX Sedan with a manual transmission that has an MSRP of $17,555 and a selling price of $16,272 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $242 assuming that you qualify for its top credit tier and pay its security deposit and acquisition fee requirements at signing. The payment for an otherwise identical 48 month lease would be around $226.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi jaygil. Unfortunately, Honda is not currently providing any incentives on the Civic. As a result, if you want to lease one through Honda Finance, you will have to use its standard lease program. This program varies by trim level, term, and mileage allowance. I would be happy to give you an idea of what it is like for the car that you are interested in if you let me know what these variables are.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi solic. Are you saying that this dealer is offering to sell you this car at invoice. If so, this is an excellent deal as long as the dealer is also using its buy rate lease money factor to calculate your monthly payment.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi Steve. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Honda Civic EX Sedan without navigation with 12,000 miles per year are .00290 and 61%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Good luck in your negotiations and let me know if you have any other questions. Don't forget to stop back and let us all know how everything turns out.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi Car_man. I want an awesome deal on a 2007 red Civic Coupe EX with manual transmission. I am considering leasing in order to keep my payments down. However, I got hosed on my last lease and I want to ensure that doesn't happen again. I have an average credit rating and I'm thinking 36 months, 12,000 miles, zero down, as low a payment as possible. Would the money factor and residual value you quoted for steve_nyc apply for "my" version of the Civic? Also, the dealerships keep saying that its hard to find the particular car I am looking for, like that's an excuse to charge me MSRP. What's a fair cap cost for this particular model?
Hello, Can someone tell me what I should be expecting for monthly payments on this lease: 2007 Coupe EX w/o Nav, AT 15k miles/year 36 mo lease $3000 down payment
I'm looking to lease an 08 Civic Sedan LX. I'm curious if you know what I can expect to look for. I can be a pretty shrewd negotiator, but I need to know what people are able to get for deals. I'm looking for a 36 month lease, 15k/yr and I'mnot going to be putting any money down. If you can let me know places to look for such information I'd greatly appreciate it.
Hi goffos. The residual values for leases are the same, regardless of your credit rating. However Honda Finance's money factors vary by credit score. All of the money factors that I have mentioned in this discussion are for consumers who qualify for Honda Finance's top aka "Super Preferred" credit tier. Consumers need a credit score of 710 or higher to qualify for this tier. If your score is not that high, you will have to use Honda Finance's "Preferred" tier rates (709 - 660) or its "Standard" tier rates (659-610).
Honda just introduced a new special lease program on the 2008 Civic, but it is only available in certain states. If you tell me what state you are in, I can tell you what the money factor should be for this car in your area right now.
It is difficult for me to say whether you are interested in a difficult to find trim level or not. If the Coupe EX with a manual transmission is indeed difficult to find then the dealer definitely has a reason to charge you more than they would for a more common model. If I was in the market for this car right now, I personally would shoot for a selling price of around $500 over invoice. You should be able to get an idea of how much you will have to pay for this car by stopping by the following discussion and seeing how much other community members have paid for theirs lately: "Honda Civic Prices Paid and Buying Experience".
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi atfryar. Honda just introduced a new special lease program on the 2008 Civic for the month of October, but it doesn't have any sort of special program on the 2007 model. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Honda Civic EX Sedan with navigation and 12,000 miles per year are .00275 and 58%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical 48 month lease are .00260 and 49%.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi oblivion989. Honda just introduced a new special lease program on the 2008 Civic in certain states for the month of October. You definitely should compare the cost of leasing an unsupported 2007 Civic with the cost of leasing a 2008 model if you are in one of these states. Let me know where you like and I'll tell you if you are.
I see that you are considering making a $3,000 down payment on your lease. I always advise consumers against making large down payments when leasing. Those who make them risk losing them if their vehicles are totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease, even though it means that your monthly payment will be a little higher.
I need to know what this car's MSRP and selling price are in order to calculate a lease payment on it for you. You never mentioned what either of these variables are, so for now I will make some assumptions. According to my calculations, if you were to lease a 2007 Honda Civic EX Coupe without navigation, but with an automatic transmission that has an MSRP of $20,145 and a selling price of $19,090 ($500 over dealer invoice) through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $291 assuming that you qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hey jimmiequest. The best way to get a good deal on the car that you are interested in is to negotiate as low a selling price as possible and then have the dealer that gives you that price calculate your monthly payment using its buy rate lease money factor. If I was in the market for a Civic right now, I personally would shoot for a selling price of $500 over dealer invoice. You should be able to get an idea of how much you will have to pay for this car by checking out how much other community members have paid for similar vehicles in your area lately in the following discussion: "Honda Civic Prices Paid and Buying Experience".
Honda recently introduced a special lease program on the 2008 Civic, but it is only available in certain states. I would be happy to tell you exactly what this car's current program is like in your area if you tell me what state you are in.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi sjl2. Honda is not providing any lease support on the 2007 Honda Civic. If you were to lease a 2007 Civic Coupe LX through Honda Finance right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value would .00275 and 59%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Honda just introduced a special lease program on the 2008 Civic, but it is only available in certain states. Its new special buy rate lease money factor and residual value for a 36 month lease of a 2008 Civic Coupe LX with 12,000 miles per year are .00207 and 62%, respectively. If you tell me what state you are in, I will be happy to tell you if this special program is available in your area. If it is not, then you will have to use a money factor of .00275.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I have an offer from a dealer in CT to lease a 2008 civic ex - 18,000 miles per year lease - 3 years - lease payment would be $252.00 per month - including all taxes etc. is this a good deal?????? I need an answer by Monday 10/8!!!!
can you find out if Honda is providing any special lease on a 08 Civic Si? i know that they have a very good program on the 07 Hybrid, 0.00073 and 56% for 12k/36mo but i am actually interested in the Si model if payment is similar since the Si has a lower MSRP than the Hybrid. I also know that the residual on the Si is always very high due to the high resale value.
also, you've mentioned that they have special lease on 08 LX or EX models, can you find out if the program is available in SoCal?
Hi don83. The best way to evaluate leases is to look at their selling prices. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I would be happy to give you my opinion of this deal if you tell me what this car's selling price is.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi hpoohh. The new regional special lease program on the 2008 Honda Civic is available in select states in the Eastern U.S. Unfortunately, it is not available in Southern California. In your area, Honda is offering 2.9% to 4.9% conventional financing instead of the special lease program.
Honda is running a special lease on the 2007 Civic Hybrid, but not on any other Civic models in your area right now. As a result, if you want to lease a Honda Civic Si through Honda Finance right now, you will have to use its standard lease program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Civic Sedan Si without navigation with 12,000 miles per year are .00275 and 64%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Many thanks for the reply - the selling price of the civic ex is $19,745.00 - the residual valuewould be $11.590 - what do you think? I'm going there on Wed.! thanks Don83
I'm looking at leasing either an 07 or 08 Civic EX sedan MT, 36k miles for 36 months. I believe there are special lease rates for certain states (I am in RI). I would like to keep my payments around, if not under, $250/month with as little down as possible. I should qualify for the best credit tier. Any advice? I need to get this done asap. Thanks.
Comments
$209 was my payment quote for 12K miles. Sorry for any confusion!
looks like you got a good deal there. what was your total OTD? i just got quoted a price of $18,640 for an EX coupe automatic. i haven't gotten into the lease particulars yet, but i was going to use your deal as a measuring stick.
Agreed selling price of $18987.21.
No money down.
Money factor .00155
Dealer threw in mud guards & wheel locks.
Honda's new incentives come out 7/6 if you should decide to wait.
What is the residual value % they are using these days for the 2007 with NAV?
Logic tells me we should be buying this car but I'm shopping for my 25 year old and besides the fact that she's not earning a million dollars a year and has to manage her cash flow, who knows what she'll be doing or where she'll be in 3 years. So leasing may make sense.
We are just starting out in this process and kind of dreading the whole process. Thks in advance.
Does anyone know Honda's latest money factor & residuals for the Civic EX AT Coupe, 36 months, 12k/yr? Last month was .00155 & 63%, but this month is maybe .00300 & 63%???
Thank you.
At the very least does anyone know the money factor used in south florida and the current residual on this model/trim.
I am really dreading going through the motions with the dealership, etc.. I would really like to have some extra knowledge before I go in.
Am I getting a decent deal ??????
You are correct, the higher a vehicle's residual value is, the lower its lease payment will be.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Anyhow, I hope that you pulled the trigger and leased your new Civic before its June program expired on July 5th. It does not appear that Honda is providing lease support on the Civic in July.
Car_man
Host
Prices Paid Forum
I have always found Honda Finance to be very lenient in the evaluation of the condition of vehicles at lease-end. Even in instances where it decides that a vehicle has excessive wear I believe that it will waive the first $500 or so. I doubt that you will end up having to pay anything.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
As far as this car's current lease program goes, Honda Finance's buy rate lease money factor and residual value for a 48 month lease of an '07 Civic EX Sedan with navigation with 12,000 miles per year are .00275 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man
Host
Prices Paid Forum
They definitely have lost me as a customer. So much for going green.
I have a 2004 Honda Civic Sedan VP with 31,000 miles. My lease is up 8/15/07. When I originally leased this car my now-deceased father handled the dealer aspect, so I am lost this time. I received letters from Honda Finance saying I am pre-approved for $24,000 and the security deposit waived. My credit score is 680. However, since my lease end
coincides with college tuition being due for my senior year,I will be strapped for cash and honestly cannot afford any money out of pocket (except initial lease payment). I have been worried about this -- since the security deposit is waived, can all the taxes (I live in Alabama), cap cost, etc just be added in so I have higher monthly payment, but no out of pocket?
Another option is extending my current lease -- Honda Finance says I can for 6 months and by then I will have more cash hopefully.
What do you think? I am trying to avoid embarrassment at the dealer when I can't pay anything but the initial payment. Is this even done?? :confuse:
Any help would be much appreciated!
Yes, it is done all the time. As a matter of fact, you don't even have to pay the first payment up front, if you don't want to. It extends your lease by a month (meaning if you pay the first month up front, then you only have 35 months to go, as opposed to paying nothing up front and having 36 months to go), but not a big deal, of course.
How many miles per year did you take on that current lease? Sounds like you may be a bit under on miles (unless you took a 10k/year lease). If that is the case, there is a slight chance you have some equity in the car. I suggest finding out what the trade-in value is. You can either do that here on Edmunds on the Real-World Trade-in Values board or just take it to any dealer and ask them what they would give you for it. If the value is more than the buyout, then you have some equity to use against your new lease. If it is the same or less than the buyout, then just turn it in and start over again.
With a 680 credit score, you are not in bad shape. You won't qualify for the best rates out there, not not bad, either. I suggest looking at the great Accord lease deals. I don't know what you are paying now, or what you want to pay on your next lease, so I can't advise whether you should extend your current lease or not.
'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
Thanks so much for your quick responses. I did have a 36,000 mile lease so I am under by like 5,000 miles right now. It looks from this site the Real World Trade In is like $9200 and I know my pay off with Honda, if I were to purchase, is $8500. I currently pay $169 a month. I know that there are no Civic lease specials now. Boo! I did see the Accord at $199, but the $2000+ plus due at signing in the fine print turned me off. So are you saying that does not necessarily mean $2000 out of pocket on that day? Can you tell I know nothing about this?
Any cons to extending a lease? I was kind of hoping a for a Civic lease special. What do you think? Thank you so much taking the time to answer!! Jill
The advertised offer of any lease deal is rarely the best deal you can get. So whereas the advertised deal may be $199/mo with $2k down, you MAY be able to negotiate for $199 with zero down.
Even if you couldn't eliminate that $2k down completely, you can roll it into the payment. So, let's say you settled for the advertised deal but didn't want to put any down, it would raise your monthly roughly $50 or so. This would be the case with any manufacturer.
However, keep in mind, that $199 does not take taxes or fees into account.
$169 is darned cheap, but you probably put a good amount down to get it that low.
I don't believe there would be any problem extending a lease. At $169/mo, I would seriously consider it. I would be clear as to what your payoff would be at the end, though. Make sure it is being reduced accordingly. If so, you never know, you may have more equity in the car in another 6 months.
'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
could you help me out here, please? I was offered a Civic LX 4D MT for $16,272 + TTF (in Florida). What would be a reasonable leasing payment for this car? I'm looking for either a 36mo or a 48mo lease with 0 down and I have a low-700 credit score
Thanks
Csaba
Thank you
Honda Si Coupe 2007
Invoice price $20182
Lease 36 months/12 miles
Zero down-payment
$388 per month
So what do you think!?
Thanks
I'm looking to lease a Honda Civic EX for 36 months 12,000 miles in New York City with $0 down payment, with total-out-of-pocket including 1st month payment, tax of 8.375%, bank fees, and title and registration (I have asked around and my TOP seems to be around $1600). I'm hoping someone can tell me what the MF and the residual are for the Civic EX with these specifications. I have thoroughly read everything about making a lease proposal but I'm unable to complete it because I do not know what those numbers would be. Please help out!
Thanx
Thanx
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
Good luck in your negotiations and let me know if you have any other questions. Don't forget to stop back and let us all know how everything turns out.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks!
Can you please post the money factors and residuals for September for the following Civic?
2007 - 4 door, AT, navigation
12K miles
36 month
48 month
Thanks!!!
Can someone tell me what I should be expecting for monthly payments on this lease:
2007 Coupe EX w/o Nav, AT
15k miles/year
36 mo lease
$3000 down payment
I'm looking to lease an 08 Civic Sedan LX. I'm curious if you know what I can expect to look for. I can be a pretty shrewd negotiator, but I need to know what people are able to get for deals. I'm looking for a 36 month lease, 15k/yr and I'mnot going to be putting any money down. If you can let me know places to look for such information I'd greatly appreciate it.
Money factors and residual on 36 mo/12K lease? Thanks.
Honda just introduced a new special lease program on the 2008 Civic, but it is only available in certain states. If you tell me what state you are in, I can tell you what the money factor should be for this car in your area right now.
It is difficult for me to say whether you are interested in a difficult to find trim level or not. If the Coupe EX with a manual transmission is indeed difficult to find then the dealer definitely has a reason to charge you more than they would for a more common model. If I was in the market for this car right now, I personally would shoot for a selling price of around $500 over invoice. You should be able to get an idea of how much you will have to pay for this car by stopping by the following discussion and seeing how much other community members have paid for theirs lately: "Honda Civic Prices Paid and Buying Experience".
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I see that you are considering making a $3,000 down payment on your lease. I always advise consumers against making large down payments when leasing. Those who make them risk losing them if their vehicles are totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease, even though it means that your monthly payment will be a little higher.
I need to know what this car's MSRP and selling price are in order to calculate a lease payment on it for you. You never mentioned what either of these variables are, so for now I will make some assumptions. According to my calculations, if you were to lease a 2007 Honda Civic EX Coupe without navigation, but with an automatic transmission that has an MSRP of $20,145 and a selling price of $19,090 ($500 over dealer invoice) through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $291 assuming that you qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Honda recently introduced a special lease program on the 2008 Civic, but it is only available in certain states. I would be happy to tell you exactly what this car's current program is like in your area if you tell me what state you are in.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Honda just introduced a special lease program on the 2008 Civic, but it is only available in certain states. Its new special buy rate lease money factor and residual value for a 36 month lease of a 2008 Civic Coupe LX with 12,000 miles per year are .00207 and 62%, respectively. If you tell me what state you are in, I will be happy to tell you if this special program is available in your area. If it is not, then you will have to use a money factor of .00275.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I have an offer from a dealer in CT to lease a 2008 civic ex - 18,000 miles per year lease - 3 years - lease payment would be $252.00 per month - including all taxes etc. is this a good deal?????? I need an answer by Monday 10/8!!!!
please help! DSL
can you find out if Honda is providing any special lease on a 08 Civic Si?
i know that they have a very good program on the 07 Hybrid, 0.00073 and 56% for 12k/36mo but i am actually interested in the Si model if payment is similar since the Si has a lower MSRP than the Hybrid. I also know that the residual on the Si is always very high due to the high resale value.
also, you've mentioned that they have special lease on 08 LX or EX models, can you find out if the program is available in SoCal?
thank you and i appreciate your help
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Honda is running a special lease on the 2007 Civic Hybrid, but not on any other Civic models in your area right now. As a result, if you want to lease a Honda Civic Si through Honda Finance right now, you will have to use its standard lease program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Civic Sedan Si without navigation with 12,000 miles per year are .00275 and 64%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Many thanks for the reply - the selling price of the civic ex is $19,745.00 - the residual valuewould be $11.590 - what do you think? I'm going there on Wed.! thanks Don83
Car_man - can you provide the details?
MSRP: $23,235 (without Navigation)
Invoice: $21, 673
Selling Price: $21,300
Per your advice, I'll only put down what's required by Honda to get the best rate.
Thanks.