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2013 and earlier-Honda Civic Lease Questions



  • jipsterjipster Louisville, KentuckyPosts: 5,511
    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: 104,228
    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.


    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jipsterjipster Louisville, KentuckyPosts: 5,511
    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: 104,228
    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!!

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 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: 5,511
    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: 5,511
    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.
  • This is my first lease and was told Honda Civic would be an ideal model aswell as economical. I have no certain preference on the specific model of the lease.

    I will be leasing in South Florida and aiming for a 36 month lease with optimally near zero down.

    Where should I begin? Or what are ideal prices for this month, preferably in South Florida.
  • Hello,

    I am also trying to lease a civic and have a couple of questions. I hope someone can help.

    when speaking to dealer today, in ref to 2013 lx sedan base model, i was quoted a MF of 0.001450 & 63% residual. (This was for Jan - apparently it will change over next couple of days for Feb.) I notice this is marginally better than what was listed here. Given that this is suppose to be std across the country - any idea why it was better. Do dealers actually have leverage on this?

    How do you calculate the difference from 12000 Vs 15000 miles. All I can get from any dealer ( no matter whether its toyota, honda, etc) is just add another $20-30. What is the formula to calculate this. The basic formula I use to calculate a lease is from this page I cannot from the life of me find out what variable to change for when its a 15000 Mile lease.

    Appreciate the help. good luck to all in their quest for a deal!
  • You're very welcome dholly.

    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings fdg2390. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Someone definitely steered you in the right direction, the Civic is traditionally a solid, affordable vehicle. While the 2013 Civic is better than the less than well received 2012 model was, it is more expensive to lease right now as well.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi doogan3. Honda carried its January lease program over through the end of February, so unless it makes an unscheduled change the numbers should be the same. The money factor that you were quoted is likely for a zero due at lease signing deal. The factors for that sort of lease through Honda are typically .00010 lower than they are for a normal lease.

    The residual value percentage for a lease with 12,000 miles per year is 2% higher than the residual value for a lease with 15,000 miles per year.

    Prices Paid: Buying & Leasing Experiences Forum
  • roadcrazyroadcrazy Posts: 31
    edited February 2013
    Car_man, can you please provide me with information on a 12,000 mile/year 36 month lease on a 2013 Civic Si Sedan? If it makes a difference Detroit, MI area. Thanks.
  • I figured I should post the deal i got today @ Brewster Honda, in NY. I found them straight to the point, realistic and willing to negotiate & get my business. Thanks to Car Man who answered questions here and on other model forums while i decided what to do. I left the specifics in the office but in a nutshell this is what I recall:

    15K miles
    36 Months
    MF was ~ around .000137 (Approx .33%)
    County Tax 7.375
    Put down First Month and DMV + $200

    The rest if the # are in my office and I can post tomorrow if any one is interested. Started at $219 with just First Month & DMV. Ended up paying $200/month on the nose with an addl $200 down

    Hope this helps others out there in NY. I went to 5 other Honda dealers in the area and none of them were even close to meeting the starting numbers @ Brewster Honda. I think the closest one was $239 with taxes/title/bank (~$1600) down. As I said - the starting Numbers from these guys told me they wanted to do business.

  • Thanks for the information, what trim level is that for? Do you have the MSRP?
  • Wow either Florida is really different or I am getting the biggest run around ever. I have been getting lease rates in the $279 area for 36 months/12,000 with zero at signing. I have top tier credit and have been leasing 2 cars every 3 years thru honda financial for over 10years in PA. I just moved to FL with my PA lease ending in a month. Lowest price I got was 18,423. Has anyone gotten a Honda Civic LX in southwest FL recently?

    Also as this is the last week for the current deals, CarMan do you think it is better to wait for the March deals?
  • I will get all the details today - I left them in my office last night.

    Honestly, I spent the last 3 days going from dealer to dealer, between hyundai , Toyota & Honda. In the end, I knew that @ $200 / month with with little to nothing down was where i needed to be. So Once They were willing to meet my numbers, I did not really focus on the specifics.
This discussion has been closed.