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2013 and earlier-Honda Civic Lease Questions
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Comments
I know this is a great price for the Civic but it's looking like the Elantra is going to lease cheaper.
Car_man
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I was quoted for a honda civic LX for 36 month 12k/yr lease
170 a month, with ~1800 down which was just for tax up front,dealer/doc fees and first months payment.
How does this sound?
Thanks!!
edit 1: this was for NYC area
http://automobiles.honda.com/current-offers-detail.aspx?ModelName=Civic%20Sedan&- offerid=68636&modelid=FB2F5DEW
Well i should say 512.86 was my out of pocket (fees, 1st month)
Car_man
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residual $11,940.00
Net Cap Cost $16,930.17
36 mo at 170.62 + tax 9.38 = $180
12000 miles
I can not find papers... will update.
2013 Civic EX-L
$1300 Up front. This upfront covers all fees, docs, title, tire tax, first month, sales tax, bank fee and any other annoying fee.
36 months 12K miles per year
$262 per month OTD again sales tax included
Is this really the best Honda NJ can offer. The car is a $24,555 MSRP!
Advice is needed and will be considered
You need to work on them more!. Most important - find out the selling price. I think the you should be able to get them to go about 700 under invoice.
I was shopping today and was offered 209 a month with 1800 down (out the door) for an EX. I think I can get this well below 200.
Good luck
I'm in the market for a car, and my local Honda dealership has what looks to be a great lease deal. Can anyone look at this and see if it's not a good deal?
3 yr/36,000
$169/month with $3000 due at signing. $3000 covers tax, title, registration, dealer fees, etc.
I was told that the only thing I need to know is $3000 covers everything including first month, then $169 every month after.
Residual is $12,500. The car is priced at $19,775 I believe, but I haven't tried talking them down yet. Will talking them down get my monthly payments down lower than $169? I was told if I put another $1000 down, it would bring my payments down to $149.
Recently, I was quoted for a 2013 Honda Accord EX-L 4 cy as follows
$1300 upfront covers all fees and everything
36 mo 12 k
OTD including sales tax $329.99 per month
When I said no the sales manager became angry. Angry at me because I said not to his offer.
What next?
Edited:I was responding to another poster Mike.
Doc Fee--$279.00
Tire Tax--$7.50
Registration fee--$245.00
1st month--$206.00
Some add bank fee/lease acquisition fee--$595.00
You had Honda Fin pre approved so they waived the fee
Since you got $206.00 OTD you worked it down to 193.00 per month plus taxes.
That is very good!
Name of dealer for Jersey girls?
Initially they quoted me a .002 because they thought I would be approved for a higher money factor. I was not. Based on the .002 money factor, here is what they quoted but the numbers did not match up when I ran them through a lease calculator (I didn't do this at the dealership). They did give me a copy of the lease statement:
$19,755 MSRP
$1,298.08 dealer discount
$18,457.92 Total Price (which seems reasonable based on what Edmunds TMV & TrueCar provides)
Fees:
$240.60 registration
$299 Vehicle Admin Fee (??)
$595 Bank Fee (BS fee that they shouldn't charge, I was not charged this on my original lease from 2010).
$1126 Total Drive Off (although when you add all 3, you get $1,134.60. Also there is no mention of first month's payment which should be included.) But they are giving me a $500 dealer credit so my out-of-pocket is $626.
$19,404.29 Adjusted Cap Cost (here is where I think they are scamming me; why is this higher than the $18,456 sale price?)
$12,445 Residual Value.
$257 monthly (they said tax is included but it says no tax on the paper they gave me.)
With the new .00355 money factor, the payment goes to about $303 (they actually took 1 1/2 days to get back to me because Honda Financial was backlogged). Is this true? I find it hard to believe in today's world that it took 1 1/2 days to get an answer from Honda Financial (they put this through Fri around 11:00am; I got a call around 3:00pm Sat). I ran the figures through my lease calculator with the new .00355 MF and got $296 monthly payment (again scamming me with fake numbers).
However, my current 2010 Civic LX has less than 28,000 miles. the book value is more than residual value so I will negotiate the equity to use as a down payment. I spoke to this dealer in Dec and they said the car was worth less than residual which is BS. I checked 3 sites and all confirmed higher trade-in value.
I know I can get maybe $600 equity (difference between trade-in value and residual value). That would bring my payment to about $278.
Hopefully they will give in as the dealer will make at least $2000 profit on the car that I am returning in addition to selling me a new lease car.
What are your thoughts? Any suggestions, tips?? Thanks.
Car_man
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If I was in the market for a new Civic right now, I personally would shoot for a selling price of a couple hundred dollars over invoice.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Anyone comment if this is a deal or not? Really is appreciated.
Don't think I want to turn in to insurance.
Considering the identical 1150 estimates, looks like you're in the clear regarding just these.
1. Only deal with manufacturer subsidized leases. Negotiating a lease on your own will often end up being very expensive.
Current Honda leases specials.... http://automobiles.honda.com/current-offers.aspx
2. Ask if Gap Insurance is included in the payments... if not, ask it be included.
3. You can transfer lease contracts, very useful if you encounter financial hardship during your lease. Some services that help you with this http://www.leasetrader.com and http://www.swapalease.com
4. You can also trade-in or sell leased cars. But you'll be responsible for the full price of the car. So if there are any negative equity, you will be responsible.
5. If you foresee going over 12,000 mile/year limit, then you can purchase miles beforehand at a discount.
Don't have direct experience with this amount of lease "wear", just what I understand after reading the back of my contract so if someone does a correction is requested.
Same poster failed to provide such information in a 2008 post and wanted to be emailed..........check their posting history.
It's bad luck but if theres a plus it's that they do give something towards this (not aware of others that do) and at the end of the lease theres no disposition fee.
Is there any flexcash for the civic?
Looking for an lx or if I can swing it an ex. Is there a difference for buying or leasing if there is any flexmoney for either the lx or the ex?
Your information will be very appreciated!
Examples:
- $1500 damage x 1 = leasee owes $1000
- $1000 damage x 1 = leasee owes $500
- $500 damage x 3 = leasee owes $0
- $1500 damage x 5 = someone else should drive.
So one bigger collision and you'll owe the amount greater than 500. Three separate small ones of less than 500 and you're ok.
With 1100, owing 600, you might want to let it ride unless your insurance won't take a hit with declaration. A lot of other companies have a 400 or so fee at leases's end anyway at termination. Regardless, you still have 2 x 500 more............
http://www.legendleasing.com/Civic_LX
Is it a good deal compared to dealers or can I get dealer to give me better.
Sorry, meant to write that the owner absorbs the excess beyond $500... in the above example, we'd pay the amount beyond and including 500.01.........
Don't know if it would be better to repair now, or wait till end of lease to see if anything else happens.
They thought I was going, nice jolt and crunch. Thought no damage initially when looking at rear bumper. Took to body shop, does have a small crease/dent. NOTICEABLE.But, not bad. Thought $200-$300. It's $599! Have to remove rear bumper and repaint. Other driver gave me Insurance info, Safe Auto. I called, it's lapsed. :sick:
So, if repair was $100 less Honda would pay for. Don't know if they would require I fix as hardly NOTICEABLE.
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Car_man
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