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2013 and earlier-Honda Civic Lease Questions



  • jipsterjipster Louisville, KentuckyPosts: 5,444
    why would you?

    You wouldn't if you had the choice. Seems to me that "special" lease terms are dictated by manufacturer i.e Honda, not the dealerships.
  • kyfdxkyfdx Posts: 72,846
    That's not exactly true... The bank (Honda Finance) sets the terms of the lease... money factor and residual...

    The dealer determines the selling price... and, if you have decent credit, downpayments are rarely required. This is key... the selling price is negotiable, just as if you were buying the car..

    Why do they advertise a lease with $2000 down? Payment buyers.. $2000 down and $139/mo. looks a lot cheaper than $0 down and $200/mo., but it's almost exactly the same.. The ads are just examples.. you can structure the lease with whatever downpayment (or none) that you desire... It won't affect the lease terms..

    The dealer doesn't care if you make a downpayment... he gets the selling price from the bank, either way.



    Prices Paid, Lease Questions, SUVs

  • jipsterjipster Louisville, KentuckyPosts: 5,444
    O.k. Thanks for the info and your patience. Very helpful.

    I guess I got a bit lucky on my Civic. Got a pretty good deal with not a whole lot of prior knowledge on the subject matter. :)
  • kyfdxkyfdx Posts: 72,846
    My first lease deal was one of my best ones.... just happened to stumble on to a nice car that wasn't selling well, that had a killer lease program... Just knowing the value of money helps a lot... I didn't know a lot about leasing..

    But, the 2nd one wasn't so great, and after that, I did a lot of research, and then... there is this Host thing that keeps me in the loop..

    It would be embarrassing to make a bad lease deal now... ;)

    Congrats on the new car!!


    Prices Paid, Lease Questions, SUVs

  • You're very welcome Kevin. I'm glad that you like it here.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi, can you provide me with information on a 15,000 mile/year 36 or 39 month lease on both a 2013 EX and EX-L Civic?
  • jipsterjipster Louisville, KentuckyPosts: 5,444
    Congrats on the new car!!

    Thanks. I really like my Civic.

    Would there be any advantage if I decided on the "buyout" now instead of in 3 years? If I bought from Honda would I get a standard "used car" rate instead of the zero or .9% they are offering now on new.. or any special rates on lease turn-in buyouts?
  • Hi the_dog. Honda Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Civic Sedan EX with 15,000 miles per year are .00155 and 61% for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical 39-month lease are .00155 and 59%.

    The numbers for the EX-L Sedan are exactly the same.

    Prices Paid: Buying & Leasing Experiences Forum
  • mugenex6mugenex6 Chicago ILPosts: 33
    Hi Car_man, I'm very new to this lease stuff and I've read through a few pages but not able to understand completely on how to calculate the monthly payment. It's a little intimidating. I'm hoping you can assist me with my purchase?

    I'm looking to get a 2013 Honda Civic LX. (Looking for cheapest Civic to keep payments as low as possible).

    --Let's assume I've negotiated a price of 800 below invoice on the LX. 18423 - 800 = 17623. + TTL (I hope that's a good price)
    --I live in Chicago (Cook County). I believe the tax rate is 8.25 for Cook County.
    -- I am not looking to put anything down (Zero deposit, zero down)
    -- Documentation fee = $170
    -- 12,000 Miles a year (I'm open to 15,000 ofcourse)
    -- 3 Years/36 month lease.
    -- As you mentioned above Lease rate = .00155 and residual value = 61%.

    How do all these numbers come together? How do I calculate the monthly payment out of these numbers? I hope you can help. :confuse:
  • jipsterjipster Louisville, KentuckyPosts: 5,444
    Looking for cheapest Civic to keep payments as low as possible).

    You'd save a couple grand by going with a new 2012.
  • mugenex6mugenex6 Chicago ILPosts: 33
    I agree, but I like the new look so much more, and rear view camera standard on 2013 LX, and dont like any of the 2012 colors left in stock.
  • robtroxelrobtroxel Posts: 103
    There are very compelling reasons why Honda went back to the drawing board on the 2012 Civic so soon! You are right to go for the 2013 as the 2012 effort fell far short of the competition. We skipped over the 2012 Civic for an Acura ILX with no regrets. In the end, saving a couple of grand means not much when you are driving a cheaply implemented noisy 2012.
  • awal1awal1 Posts: 1
    Hi I'm extremely new to buying/leasing any car at all. I will be going with my mom to cosign on a Honda Civic this weekend as my first car just cost too much in maintenance to warrant keeping. I was looking into leasing a Honda Civic LX sedan for 15,000 miles 36 months. I don't want to put anything down and want to include tax/title fees into the loan. My mom has top tier credit so I'm assuming I will have a lower rate. Does anyone have a ballpark estimate on what I should be paying for this or do I need to provide more information?
  • dhollydholly Posts: 16
    Hello all,

    Searched but came up empty handed on this question. I'm looking at low mile leases for a top tier senior citizen in upstate NY. Can I get the MF and residual please for a 2013 civic lx auto, 36 and/or 39 mo., 10k and/or 12k mi./yr

    Thanks ever so much!
  • Hi mugenex6. I'd be happy to work up a payment on this car for you. In order to do so I need both its selling price and MSRP. I will use the $17,623 that you me mentioned as the selling price and the $18,955 that is listed here at as the MSRP.

    According to my calculations, if you were to lease this car through Honda Finance right now for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $204.

    Sales tax will add a decent amount to that in Illinois though. That is notoriously one of the worst states to lease in, tax-wise. You might be looking at another $40 per month in sales tax in your area. Ouch.

    You can plug these numbers into the formula that is outlined in the following article to work up a payment on your own: Calculate Your Own Lease Payment.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi awal1. You're probably looking in the range of $220 or so per month before tax for a 36-month, 15,000 mile per year lease of this car. The exact payment will depend upon the selling price that you are able to negotiate.

    Prices Paid: Buying & Leasing Experiences Forum
  • Here's the information that you're looking for, dholly.

    Honda Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Civic Sedan LX auto with 12,000 miles per year are .00155 and 63% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are .00155 and 61%.

    Prices Paid: Buying & Leasing Experiences Forum
  • I had an interesting experience at Roberts Honda in Downingtown, PA tonight shopping for a 2012 Honda Civic LX Sedan Automatic.

    I was really only interested in leasing, but regrettably I failed to follow the often recommended strategy of negotiating the purchase price before mentioning leasing.

    To make a long story short. the best I could do was

    Purchase Price $16,883
    6% PA sales tax $1,013
    Title, tag $214
    OTD $18,110
    Down payment $0
    Finance Honda special offer 60 pmts @ 0.9% = $308.91/mo.

    Lease Honda special offer 0 down
    money rate 0.00004
    residual 58% of MSRP of $19,595 = $11,365.10
    Initial Cap Cost $17,565
    Acquisition fee $595
    Net Cap Cost $18,160
    35 payments @ $189.93 + 9% PA lease tax of $17.09 = $207.02/mo.

    I walked away because of the $682 discrepancy between the Initial Cap Cost for leasing of $17,565 and the negotiated price for purchase of $16,883, plus I felt as though I was being bullied. The lease offer as advertised by Honda quotes a net cap cost, including the $595 acquisition fee, of $18,521.96, but notes that "Dealer contribution may vary and could affect actual lease payment." Here it seems that the dealer's offered net cap cost of $18,160 equates to a concession of $361 lower than the Honda lease program as advertised.

    Am I unreasonable to think they can do better on the lease?
  • I've decided to take the lease offer of Piazza Honda in Limerick, PA:

    money factor 0.00004
    residual value 58% of MSRP of $19,595 = $11,365.10
    Initial Cap Cost $17,300.50
    Acquisition fee $595
    35 payments @ $182.57 + 9% PA lease tax of $16.43 = $199.00/mo.
    $0 due at signing

    I'm still wondering, though, why for this car it seems I could get a better price if I were to buy and take out a loan at 0.9%. Could it be because this is a particularly attractive lease? I've only leased once before, way back in the mid-'90s, and I don't recall the particulars ...
  • dhollydholly Posts: 16
    Thank you good sir! While we do wish a 10k mi. lease option was available, this may work for us.
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