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2013 and earlier-Honda Civic Lease Questions
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Too high for Honda that is. They may pay the price later. go for it!
2011 Honda Civic LX-S in Polished Metal
36 Month Lease
12,000 Miles a year
MSRP $19,905
Negotiated Selling Price: $16,866
Lease Acquisition Fee: $595
Doc Fee: $210
Adjusted Cap Cost: $17,671
TTL: $675 paid cash upfront
Residual: 59%
Money Factor: .00047
$0 First Payment, $0 Security Deposit, $0 Down.
Monthly Payment: $178.45
I printed out the certificate from Truecar. The price was great. How should I approach the negotiation? I'm afraid they might slap on a bunch of fees once they see the certificate.
Is the acquisition fee only in certain states? None of the quotes I received listed it. The only fees I was quoted were title and registration.
The $595 acquisition fee is non-negotiable and is required for the lease program. That is added to your low purchase price since it is likely below cost. Other than that there is a dealer doc fee that can range from $100-$400. I cannot stress enough that when you're reviewing the payment terms and contract review it with a fine tooth comb. Make sure the MSRP on the contract matches the sticker MSRP. They tried backing out the $750 destination charge and that affected the residual and made my payment $12 higher than it should have. Also make sure the negotiated selling price is explicitly stated on the contract before the acquisition fee and variable document fees. The contract won't show residual % or money factor but if you know the MSRP just take 60% and that will give you the residual $ value which should be on the contract. Other than that you'll pay taxes and registration.
I forgot about the dealer doc fees. I'm guessing that ones non-negotiable. So I'll have to bite the bullet on that one. Thanks for all the information. It's been a real help.
I just looked at the certificate again. It says the maximum documentation fee in CA in $55!
Seems like why bother even making a sale like that just to make little or no money.
You did great!
According to my calculations, if you were to lease a 2011 Honda Civic LX that has an MSRP of $19,305 and a selling price of $16,433 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $151.
Car_man
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Did you include sales tax?
johnten, any luck on a Civic lease?
Cash Price for Vehicle: $16,021.51
Pre-Delivery Serivce Charge: $799.00
electronic Registration Filing Fee: 139.95
Acquisition Fee: $595.00
Third Party Private Tag Agency fee: $40.00
Total Capitalized Cost: $17,555.46
MF: .00059
Residual 60%
36 months
Did I just make a mistake? And what the heck is Pre-delivery Service Fee which was pre-printed on the contract?
Would you kindly tell me the residual and money factor on an Si sedan, 12k/yr for a three yr lease?
Thanks much
Maleha
2011 Honda EX Automatic
36 months/12k Miles
35 Payments
$0 down
$0 Security Deposit
$515 for all charges including title and registration
$210 per month tax included
Can you or anyone else tell me what the current residual and money factor are for an LX coupe if they're different from the sedan? One dealer quoted me a 56% residual but with their "mileage adjustment" - whatever that is - it came out to 58%. I thought the residual would be the same.
Price for Vehicle: $17580.00
Acquisition Fee: $595.00
DMV & 1st month payment: 683.04
Added features: 325 (mud flaps and wheel locks)
Total Capitalized Cost: $19183
Payments: 295.35
MF: .00210
Residual 59%
36 months
I have only used my credit for about a year and was wondering if the money factor is about right. Also if the cap cost is usual for the LX-S. Thanks
Dealer Offer: $17,092
Residual: $11,583
Payments: $201 including tax
Due at Signing: $156 for tags / reg /etc
Standard 3year 12,000 mile per year Honda lease
My offer: $16,750 based on the truecar dealer cost greta price etc in our area
Thanks for your help on evaluating this deal
I'd also like the same numbers for a Civic LX-S?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
what do you think, how does this look?
Civic LX 4 door dark blue
MSRP19,305 including destination
12K per year
30 months
gross cap cost 16320.
residual 12934. (seems high?)
cap cost reduction 555.
1st mo payment 109.
registration 227.
aquisition fee 595.
upfront tax for lease 267.
tire fee 7.50
doc fee 249.
total at signing $2010
29 payments of $109./month
total cost of lease $18222.
Car_man
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When negotiating your lease on this car, make sure to take the $1,000 dealer cash that is currently available on it into account.
Car_man
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The numbers for an otherwise identical lease of a 2011 Civic Sedan LX-S are .00057 and 59%.
Car_man
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With a msrp of $19.300 and a sale price of $16,500, what will be the pre-tax monthly payments.
Any other advise to drive the best deal would be greatly appreciated. Thanks!
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
When negotiating your deal on this car, make sure to take advantage of the $1,000 dealer cash that is currently available on it.
Car_man
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http://www.leasetrader.com/lease-specials/2011-Honda-Civic-LX-14229.xhtml
$149 for a 3 yr lease. I wonder how much out of pocket is needed at closing?
What would a current lease deal be for the 2011 Civic LX for 24 or 36 months with 15k miles annually?
Thanks!
Carter
Honda released their 05-03 to 6-02 feature lease on the Civic an LX auto for $189 /36 months, no security dep. and $2599 due plus tax & lic. $19504 msrp and $13,000 residual Plan to take advantage of our tier one credit, so what is the Money factor on this deal. Is it a great deal, good deal or average deal? Are they firm on this payment, or can we bring the msrp a few hundred off the msrp to lower the payment a few bucks?
thanks
sport flyer1
I currently lease a 2008 Civic EX. The lease is up on August 1. I really like my Civic but don't wish to purchase it, so I'm looking into leasing another EX (I'm assuming the 2011, as I've heard production of the 2012 is limited for now). The car itself has a few scraps and bumps in addition to the tiny scratches of wear and tear of living in a big urban environment, and I'm assuming that it will cost me some penalties when I turn the car in.
I have a few questions, as my 2008 civic was the first car I've leased, and I'm not sure what to expect when trading in a lease.
First, is it possible to trade in my current lease early to a dealer if I lease a newer model for them, and if so, can I negotiate to have my remaining payments and/or damages subsidized? What is reasonable to negotiate?
Second, given the earthquake, etc, would it be wiser to try to transfer a lease now or wait until later in the summer? In other words, will prices/money factors be going up or down? And what are the current money factors anyway? Are there any current deals that I should be aware of or be taking into consideration?
Lastly, any thoughts on the value of a 2011 vs 2012?
I'm kind of new at this (I'm a young grad student and my last lease was negotiated by my parents), so any help would be greatly appreciated.
Thanks!
Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2011 Civic Sedan LX with 15,000 miles per year are .00260 and 66%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36 month lease are .00200 and 58%.
Car_man
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A money factor of .00200 is equivalent to an interest rate of around 4.8%, which isn't bad but isn't amazing either.
Normally I would say that a savvy consumer who is in an area that has a decent level of competition would be able to beat a manufacturers' advertised payment like this, but given how high gas prices are and the supply constraints as a result of the Japanese earthquake I actually think that amazing deals on the Civic are going to be hard to come by right now.
Car_man
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Thank You for replying to my post. Your second opinion is appreciated. I guessed that the money factor was approx. 0020 , making it an average deal, nothing worse. I just got back from the dealer a few hours ago and I have an appointment to do the deal next Saturday. We agreed that everything will be done according to the feature lease, nothing more nothing less. I will be paying MSRP then. They did not have my color pref. silver or very light blue today. It actually was relaxing negotiating with the feature lease, every trick they try to get you to pay more, you can counter with the fine print. but when all is done I will end up paying over $3200 OTD including first months lease payment
If that amount is less than $150, it's a decent deal. If it's closer to $100, that is about as good a lease deal as you can get. So, your MSRP is: $19,504. Your payment (including down payment) comes out to $261.
Your monthly payment per $10K of vehicle = $133
This is an OK deal. When Honda was doing their $0 $0 $0 promotion, I think the deals were around $120 per month
Here's the article explaining this method in more detail:
How to Quickly Figure Out if a Lease Deal is Good
What are residual and money factor for 36months/12K lease for 2012 Civic LX manual ?
I just got an offer for $17000 including destination. The dealer is in MA.
Thanks a lot in advance,
Alex
Residual for 36m/12k lease - %67
Money Factor for perfect credit: - 0.002
Regards,
Alex
%67 residual is for Automatic transmission. Manual is only %60.
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2012 Civic LX with 12,000 miles per year are .00200 and 67%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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