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2013 and earlier-Honda Civic Lease Questions
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Matt
Do you know what the buy rate lease money factor is for a civic SI. I got quoted for 400 above invoice for an Si in SoCal
Just got back from a MA dealer (Boch) and wanted to update you on my pricing and lease that I got. This may help you get some perspective on the deals out.
I'm paying $230 a month for 36 months w/ 15K miles this was with $619 due at signing (doc fees & first payment). To be honest I cannot remember for the life of me what the purchase price was exactly. I received a virtually identical quote from another huge dealer for $237 a month (w/ pretty much the same terms otherwise).
I called up Boch on the phone and was able to haggle down the original quote of $236 down 6 whole dollars. They kept saying that they were going to lose money and were selling it to me for below invoice. True or not, it was the closest I could get to the monthly price I wanted (w/o putting any money down). If you're getting a lease don't put any money down!!!
Hope that helps!
P.S. The other dealership that quoted me $237/mo was Herb Chambers.
Car_man
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Good luck in your quest for a new Civic and let me know if you have any other questions.
Car_man
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Do you know what the money factor are for a 2007 civic hybrid lease 36 month/12,000 miles.
--Sunil
I've been trying to shop arround for the 07 EX coupe MT or the 07 LX coupe MT, give me the best price U think I can beat below invoice i.e the LX 15500 or the EX 17700 or less, and I'm looking to buy not lease and what rate do u think the financers would give me with 6000 to 8000 down?
need ur insight soonest?
Lease term:
Lease payment:
Residual value:
mone factor:
How do I work with these variables to get the best deal
thanx
Car_man
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Car_man
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In short, the best way to get a good deal on a lease is to negotiate as low a selling price as possible on the car that you want 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 2007 Civic Coupe EX right now, I personally would shoot for a selling price of right around dealer invoice and I would make sure that the dealer I was working with used Honda Finance's buy rate lease money factor of .00270 (for consumers who qualify for its top credit tier and pay a security deposit at lease signing) to calculate my monthly payment.
Car_man
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The dealers around me are saying that honda is not offering the .00073 MF and 56% residual any more on the 2007 civic hybrid... that it ended Oct. 31st. They are giving me .003 and 54% respectively. Where can i find out for certain what the numbers are and how can i make them honor these numbers?
thanks,
-darin
pls give me a good bargain price, what are the invoices and how much can I beat below the invoice, I'll be going in as a cash buyer,
need ur responses as soon as possible
thanx
thank you
I'm looking to lease a 2008 Civic SI coupe for 36 months with 15k/year. Can anyone tell me the residual value and money factor?
Thanks!
So car man, before I go in there again armed with my cheque from the finance providers, let me know if my pricing's on the right track or if it could be lower, even considering end of year clearance and incentives.
thanks, look forward to your response
I am looking for 36 months / 36000 miles.
Thank you
Good luck there!
Should I wait until my lease is up on Jan. 15 or will it be okay to turn it in early? The Honda dealers told me it is okay.
Also after I have got quotes what else do I need to ask about or look closely at before I sign? I've read the Edmunds guide to leasing.
Here are the two quotes in Dallas for Civic LX Auto in Dallas Texas
Dealer 1
36 mo w/12K @ 295 month first payment as a down only.
Dealer 2
36 mo w/12K @ $276 + 1653.13 for TTL, 1st month Payment
36 mo w/12K @326 w/TTL rolled in per month
Money Factor .00285
If anyone can please advise I'd appreciate it since usually I have purchased my automobiles instead of leasing.
Just read the contract, and make sure there are no add ons, no hidden deal. You'll be fine, if it doesn't feel right, then its not right.
Now, as far as mileage, you may go 12k a year, but like me, I have gone about 4k over might projected mileage, therefore, I look at that as subtracting months off my contract, meaning, I will have to turn it in earlier to avoid the overage fees for the mileage. So my bill stub says I have 13months left on my contract, so I subtract the 4k, and I have about 10 months left. Don't be worried about that, The more mileage I go, the earlier I have to trade in. Be happy your driving a Honda, Try this with a Chevy product, and you'll get hit with fees and you'll be upside down!
Good Luck!! Let us know what you do!
Go for the first payment due!
2008 Honda Civic Coupe SI with tint wind deflectors for windows and moonroof, and fog lights.
328/month with 0 down and on a 60/month term
please keep in mind this is in Canadian currency? what do u guys think?? pleae respond ASAP
Thank you
I believe Honda has announced their December lease programs.
I'm in NJ. Can you tell me the following for a 2008 Civic Hybrid 24-month lease with 15k miles per year:
1) Money Factor
2) Residual
3) I've heard that you can have the bank fee waived, as it is a negotiable item...can you confirm that?
Thanks.
The downpayment is $2000, fees including ist payment is $1500 and the lease is $223 without tax and for 36 months with 12000 miles.
Is this a decent deal? The lease is in Massachusetts.
I have a slightly interesting experience of leasing a 2008 Civic LX Sedan [Manual] in Atomic Blue just yesterday.
I went into a NJ dealership which had the color I wanted with the following internet quote(from another dealership which didn't have the color in the lot)
$15,655 - price of car
$635 - destination
$197 - documentation fee
$44.50 - license if transferring and financing
$7.50 - tire tax
------------
$16,539 w/o tax = $16290+$249 in fees w/o tax
sales tax = 7% in NJ
I calculated my lease(24 month at 15k miles/year using MF=0.0027 and residual=70%) with base cap cost=$16,290. I added $595(bank fee) to get adj cap cost of $16,855. Monthly payment was calculated as $250.78 + $17.55 tax = $268.33 total. MSRP was $17,595 and residual value is $12,317. $249 in fees and $268.33 1st payment = $517.33 due upon signing.
Here is what I actually got at the dealership:
$268.87/month total + $360 due opon signing.
The weird thing was that they listed $268.87(1st payment), $462.83 tax, $184.50 registation, $8.30 online reg., $159 doc fee, $7.50 tire tax for a total of $1,091 due upon signing. They then subtracted $731 as being paid by dealership, for a total of $360 due upon signing. The residual was $12,668(slightly higher than my original calculation)
I took the deal. I saved $157.33 at signing(compared to original calculations) but am paying an extra $0.54 a month and have a slightly higher residual value in case I buy the car at lease end. I have 23 payments to go.
What do you think of the deal? Anybody ever see something similar to "dealership to pay $731.00 of inception fees" on a lease? If they didn't include tax in the calculation of my monthly payment, it means they probably used a higher MF. It all worked out in the end since my payment is approximately the same.
It only took an hour to drive out once I told the dealer which car I wanted.
Could I have done better since this was December?
Thanks,
keblue
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
2007 Civic Hybrid with Navigation
$23,150 negotiated price
$2500 down (first month's payment, tax, license, acquisition, $1275 cap reduction)
.00073 money factor
$12,971 residual
36 months and 12k/year
Monthly payment $274/without tax
I want a 2008 Civic LX automatic. Sticker is 18,400 or so and I'm sure I'll work it down. I was just wondering what an estimated payment a month would be becasue I'm new to leasing. I would probably put little down, probably just the first months payment or any other fee. I would want it for 36 months and 12,000 miles a year.
Thank you very much.
He finally came back with
36 month 12k miles term
249+ tax, 0 due at signing...they will even pay first month. So I only would have to pay for 35 months on the term... I haven't taken it yet. i want to see if they can go lower.
Does anybody know the MF and Residual of a 36 month lease?
Thanks
The deal calls for me to trade in my 2000 Civic valued at $4000, $0 payment at start of lease and then $225 per month for 35 months and a buy out at $12.8k.
I saw a posting for a 2008 Civic LX with $600 down and 35 months at $230 which seemed particularly low in comparison to my offer even if the EX-L costs $1200 more if you were buying.
I appreciate your help here. Your posting was very helpful to me as I have been negotiating my lease in the Boston area. What I am confused about is some of the math.
I am looking to lease a 2008 Civic EX-L which is say $1500 more to buy
Over 36 months if the whole $1500 were to be paid out that would add $40 per month
Your deal was $230 per month and $600 down
My deal is $225 per month but I am putting $4500 down
Something seems wrong ?
You can get a 36 month lease for 215 a month (including tax) and putting 1324.33 drive off. My buddy got that deal from Rick Case Honda. I actually saw his contract and couldn't believe it.
Car_man
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Car_man
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Car_man
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Let's work up a sample lease payment on the car that you are interested in and see what we come up with. The MSRP and dealer invoice price of a 2008 Honda Civic Sedan LX with an automatic transmission are $18,395 and $16,985, respectively. Let's assume that you are able to get this car for $500 over dealer invoice. Using these prices, I estimate that your zero down, pre-tax monthly payment for a 36 month lease with 12,000 miles per year would be around $224, assuming that you qualify for Honda Finance's "Super Preferred" credit tier and pay a security deposit at lease signing. This lease payment would only be available if you are in one of the states that Honda is running its regional special lease offer in. If you tell me where you live, I can let you know if this program is available in your area.
Car_man
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I am living in the LA area near Santa Monicata, and I am ready to lease a new Honda 2 dr lx AT coupe. Does anybody know of any good deal better than what Honda's Promotion of $1999 down, monthly for 36 mths of $199, residual of 11588.85 for a 4dr LX AT? The dealers I have checked with says the promotion is only for the 4 dr. One even has the cheek to structure the deal such that I am on the losing end by over $2200...I walked away.
I need to get a car by Wed evening ( 3 days time) so any help is highly appreciated.
Thank you.