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2013 and earlier-Honda Civic Lease Questions
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Thanks, Bill G
2017 Accord Sport CVT Mod Steel Metallic
.00019 and 58%
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cap 19167
adj 18817
flex cash 350 (usually 500 but dealer ran out of flex cash supposedly)
residual .59, $11655.45
0.00019
tax 6%
acquisition fee 595
no disposition fee
inception fee: $1285.50
$400 - new tag
$599 - dealer's fee
$60- rental surchage
$9.5 - tire fee, lemon law req
$218 first month's payment
the value i had negotiated was 17705 and suddenly when I was about to sign the lease, the value of the car was 18817... If I do the numbers, I could definitely get 200-400 off of my lease! Help anyone?
Bill
2017 Accord Sport CVT Mod Steel Metallic
12K/36 months
$252 per month payment
$1200 down including 1st mo. payment
NJ dealer
taking 2 months payments from my current lease
help me? i need to go back today to work out a deal. is this good?
Well, compared to what others, and myself have paid... it sucks.
Things must be tough in Jersey. Somewhere around $200-220 a month with nothing down is really good. The more you put down, the less monthly and total out of pocket should be.
Bill G
2017 Accord Sport CVT Mod Steel Metallic
I finally made up my mind and ready to take the delivery today with this:
2013 Civic Lx
$238 lease.
No down
No TTL.
3 year free service.
State: North Carolina.
So, Is this a good deal? Just curious
Bill
Forgot about you stating you have a trade involved - any positive or negative equity in the trade would have an affect on your deal.
2017 Accord Sport CVT Mod Steel Metallic
They paid $19100. My credit score is 725.
Bill G
2017 Accord Sport CVT Mod Steel Metallic
Bill
2017 Accord Sport CVT Mod Steel Metallic
This slipped my mind when I leased vehicle. Didn't know if this is usually lumped in with the monthly payment, or is not considered in payment.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
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Honda. Under estimated fees and taxes during lease term, it list $1,300 for title, registration, fees and taxes over the course of my lease. But does not specify property tax.
My total amount paid during lease, not counting above noted taxes , is $6,411. Which works out to $178 a month. Factoring the property tax, it works out to $214 a month for 36 months.
But, seems like property tax is treated like a seperate cost of leasing... as if you had bought the car outright. So I guess I did as well as I thought.
But, you have to keep in mind that the property tax is based on the value of the vehicle.. I leased a $54K MSRP car for $335/mo, a couple of years ago...
$335 isn't a very big lease payment, but the property tax was the same as if I'd purchased the car... about $800/yr (gulp)..
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2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Had I known the property tax still wouldn't have kept me from leasing, still needed a vehicle.
Finance guy didn't mention taxes was in addition to monthly payments. Guess he figured I should have known that. LoL
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I'm looking to lease a 2013 Honda Civic EX-L for 3 years and 36,000 miles.
Am I right that the best money factor being offered by Honda Financial is 1.42% or (.00059)?
What is a good residual for this model and trim? 61 percent? Do I include the destination charge when calculating the residual price?
Anyone use TrueCar to negotiate the lease deal?
Thanks,
Manny
$First month's payment down (nothing else due at signing)
$275/per month
Did you negotiate a price on the vehicle?
Did they tell you the money factor/interest rate?
Depending on your state, the money factor on "Zero due at signing" leases is either .00059 or .00009.
regards,
kyfdx
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Honda Civic EX-L (w/o navigation)
Does the 57% residual include the MSRP and Destination fee?
With those two figures the
Total Price is $23,055 (includes destination charge)
Sale Price is $20,828
Residual Value: $13,141.35
Depreciation amount is $7,140.65
Money factor: 0.00059
Sales tax: 8.875% (NYC)
I came up with $254.46 a month for 36 payments
Does that sound right? Am I missing anything? I know I don't have all the fees in there.
Your number is about right... You'll have an acquistion fee, doc fee (which is capped in NY.. under $100), and title/registration fees.. Also, tax in NY is based on the sum of payments plus any down payment.. then paid upfront (or added to the cap cost). This changes the tax calculation slightly, but not a lot...
If you roll everything in, with just 1st payment due at signing, you should be around $280-$285/mo. all in, given the numbers you provided..
regards,
kyfdx
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Does the 57% residual include the MSRP and Destination fee?
With those two figures the
Total Price is $23,055 (includes destination charge)
Sale Price is $20,828
Acquisition Fee: $595 (didn't see this listed on my last lease contract but I'll include anyway)
NY State Inspection Fee: $10
Dealer Doc Fee: $75
License and Title: $221.50 (moved from another state so needed new NY plates)
NYS Waste Tire Fee: $12.50
Adjusted Cap Cost: $21,742 (added all the fees listed above...this are the fees from my last lease)
Residual Value: $13,141.35
Depreciation amount is $7,140.65
Money factor: 0.00059
Sales tax: 8.875% (NYC)
I came up with a lease payment of $281.89 / month
Depreciation charge is $238.07
Finance Charge is $20.84
Sales Tax is $22.98
Sound about right? Can I just negotiate the acquisition fee into the sale price of the car? I think I may be able to lower this payment with reduced license and title fees since I can use the same plate on my current vehicle.
Is the residual the same on the EX?
Thanks for the verifying the numbers.
They can always add the acquisition fee to the CAP cost, but you won't get out of it..
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$1800 down/ 36 months and 12,000 miles per year for a month of $220 in New Jersey
Help me everyone!~
Thanks~
Has anyone else ever had this kind of experience? I'm still taken back by it. I go in there thinking that if I don't feel like haggling it'll be 210 a month plus NYC taxes (8.875%). The math isn't exact but it's approximate. So nothing down, besides maybe those incidental fees, and it'll be about $229 a month. I still can't believe it. And this is after going back and forth all day on the number for an EX model and an EX-L model. The EX was cheaper than the LX earlier today. I just had to let you guys know. I'm shocked.
Bill G
2017 Accord Sport CVT Mod Steel Metallic
Bill G
2017 Accord Sport CVT Mod Steel Metallic
At first, they weren't even going to give me $220 because I still have one payment left for my CR-Z and they said if they have to pay for my last payment the best they can do was $237 per month. Of course, I wasn't happy about it and keep going back and forth on the price to get $220. Do you think it is a good deal for $220 a month?
Bill
2017 Accord Sport CVT Mod Steel Metallic
What is the itemized details you need in order to know?
2013 Honda Civic EX- 4 Dr and 4 Cylinder Engine, 12,000 miles per year, 36 months, downpay $1800, I have the college grad specials for $220 a month. Where would I find the details? Thank you!
Bill
2017 Accord Sport CVT Mod Steel Metallic
2013 CIVIC EX-L w/NAVI
First month's payment due at signing.
$265 per month including everything
36K miles (12K/year)
Just the black/black beauty today. So far loving it.
Bill
2017 Accord Sport CVT Mod Steel Metallic
Thanks for the encouragement. The best offer I got from them was $215 a month w first month and the DMW fees. But they said they can't do it with Honda Financial. They need to go w a different finance company. Does this sound right? I'm emailing other dealerships. They're being evasive. I guess I need to expand the search further.
Thanks,
Manny
It's getting close to the end of the month, so that might help you a little.
Let us know how you make out.
Bill
2017 Accord Sport CVT Mod Steel Metallic
Thoughts?