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2013 and earlier-Honda Civic Lease Questions
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Comments
The numbers for an otherwise identical lease of a 2010 Civic Coupe EX without navigation are .00077 and 58%.
The numbers for a 36 month, 12k lease of a '10 Civic Coupe EX-L without navigation are .00077 and 56%.
If you opt to go with a sign and drive lease on any of these cars, their money factor will drop slightly to .00067.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Going with the sign and drive program actually lowers these cars' money factors by .00010.
If the person who is interested in leasing does not have good credit, they will not qualify for these "Super Preferred" tier factors. The money factors that they will have to use will be higher. I would never advise anyone to put a lease for someone else in their name, but that is the only way that someone with bad credit would be able to qualify for the best available rates.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Today at the dealership I was quoted $253 a month (taxes are built in) with $1194 due at signing (includes bank fee, first payment, DMV costs like plates, reg, insp etc.). The residual cost would be 13,000.
We began to negotiate a bit on true market value of the car (which would be about 20,264 with the original deal). Edmunds had indicated $17260 as the true market value, which the sales person kept saying would be a tremendous deal.
Can you tell me what cap cost is reasonable to shoot for and if the lease deal above could be better?
Edmunds.com lists this car's dealer invoice price as $17,666. If we subtract the $1,000 dealer cash and add back $500 for the dealer to that we arrive at a target price of $17,166.
Car_man
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---- I live in between rt. 22 and rt. 1 that should open up many dealerships. also if you don't like any dealerships please include so i do not go there.
btw thank you ghetto2315 for responding.
Also, what is the best deal that people are getting on an EX-L Sedan Automatic w/o navigation? What cap cost should I strive for? Thanks...
I got a 30 month lease on a Honda Civic LX sedan lease for $139.00 with $2000.00 at signing in December. :shades:
You know Honda has a current zero down, zero at signing, zero first moths payment promotion going on right now. But as far as the monthly payments, I bet my dealer can come up with a better/lower payment than Honda.com has advertised.
Did you want a sedan or coupe?
And did you want 10, 12 or 15K miles per year?
Oh yeah, and did you want a 24, 30or 36 month lease? Or just what you can get the best pricing on?
When your friend negotiates her deal, make sure she takes advantage of the $1,000 dealer cash incentive that is currently available on this car.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
LX - 16,297
LX-S - 16,836
EX-L - 19,348
I actually used all your information to get the exact same deal at the same dealership. I just want to thank you for taking the time out to post it all and help us out. If you don't mind can you please email me your name to zsid819@yahoo.com. The dealership is requesting it so that you can get some sort of incentive bc you technically directed us to that same deal. Would be much appreciated and thanks again for everything.
also what are the options they are adding because i kinda want the basic lx model.
Nothing down
No first payment
35 payments remaining
walked out without writing a check
price 16375
bogus appearance protection 199
doc fee 499
acquistion fee 595 (little high)
gross capitalized cost (after fees) 17721
residual @ 59% of MSRP(18900) = 11159
hope these numbers help others.:)
Purchase Price: $17,700
Monthly Payment w/ Taxes: $248
Monthly Payment w/o Taxes: $224
I don't have the specifics yet, but I will post those when I have them.
I don't know about the 61% residual...just from looking at these forums I had expected 59% for the LX and the dealership hit it right on.
I'm personally ok with the 59% residual because we plan on buying it at the end of the lease for my 16 year old.
and yes the doc fee is crazy...I've found that all the few dealerships we have here charge the same...I guess they figure if one does they all can and we don't have a whole lot of options here without having to travel to get a better deal.
Also, they gave me $6,000 cash for my 2003 Civic EX w/ 85,000 miles. This was about $700 over KBB trade-in value, so I guess you could move that $700 over and knock it off the cap cost which would bring it down to $17,000 even. I had to walk out of the dealership to get $6,000 for the trade-in. They called me back after I was halfway home.
MSRP: 22,765
Selling price: 20,500
Frieght+processing-$800
Tags: $200
Tax: 6%
I am being quoted $335 with 0 down, first payment paid. Seems high to me. Can someone calculate a lease payment for the SI?
First month payment - $800 including registration and everything else. 202.50 a month incl gap and taxes after that. Sound like a good deal?
MSRP - 18,915
Selling price - 16,372
Resale: 60%
(In CA)
35 month left.
Please give me some advise..
THKS
I want to lease a Civic LX with auto trans for 10K miles per year for 36 months. Can you tell me Honda's money factor and residual values for the May leases?
Many thanks in advance.
Good deal? what do you think?
numbers are as follows:
CIVIC LX 2010 auto trans.
Sticker price 20,900 (they never gave me a lower negotiated price)
selling price same
Apparently they are taking my car at 8k but can only apply 4K to the lease (they tell me this amount is going to the lease start up fees??)
Supposedly I am getting a check for the remaining 4K
Tags & lic 376 + 14 doc.fee
lease term 36 mo.
money factor n/a (I know money factor * 2400 will give APR, but dont have it)
monthly lease amt. 298 incl tax.
IF I add 1500 more down to the lease contract I will pay 250 monthly incl tax.
I tried calculating the money factor but just could not get the lease charge amt.
I have read here lots of comments that no down was paid!
Could you help me with these? What do I ask the dealer?
Thanks a million!
numbers are as follows:
CIVIC LX 2010 auto trans.
Sticker price 20,900 (they never gave me a lower negotiated price)
selling price same
Apparently they are taking my car at 8k but can only apply 4K to the lease (they tell me this amount is going to the lease start up fees??)
Supposedly I am getting a check for the remaining 4K
Tags & lic 376 + 14 doc.fee
lease term 36 mo.
money factor n/a (I know money factor * 2400 will give APR, but dont have it)
monthly lease amt. 298 incl tax.
IF I add 1500 more down to the lease contract I will pay 250 monthly incl tax.
I tried calculating the money factor but just could not get the lease charge amt.
I have read here lots of comments that no down was paid!
Could you help me with these? What do I ask the dealer?
Thanks a million!
You should EASILY be able to negotiate a selling price under $19,000 for an LX w/ automatic transmission.
Do not put any money down from your trade in towards the lease. Make them write you a check for $8,000.
Unless the money factor and residual value have changed drastically from last month, you should be able to lease that car for $210 - $220 a month including taxes with no money down.
I am not aware as to what exactly does that "initial fees" of around 2700 mean? Could you enlighten me as to why is that high? and also what should the money factor be in this area? Thanks soooooo much for your guidance!
Still, you should be able to get $8,000 for your trade-in. The new lease offer is $1799 due at signing which includes first month's payment and capitalized cost reduction with no security deposit; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like. What are taxes, tile, registration like in your area?
It looks to me like you should get about $6,000 in cash back for your car, and your payment should be under $200 a month.
The money factor and residual for the 2010 Civic LX Sedan with automatic transmission are 0.00127 and 61%, respectively.This is based on AHFC's lease special running through July 6. According to Edmund's, there is a cash to dealer incentive of $1,000.
Kikita, you did not indicate your tax rate in Scottsdale and so I can't address this issue. You should be able to get a sell price under $16,500. Let's compute a reasonable base payment (excludes tax) based on the following information...
MSRP 19,155 (per AHFC) (Edmund's and KBB show 19,115)
MF 0.00127 (identical to the Accord LX Sedan Automatic in April for top tier credit)
RF 61%
RV 11,684.55 (61% x 19,155)
Sell Price 16,300 (includes $1,000 cash incentive)
AHFC Acq Fee 595
Gross Cap 16,895 (16,300 + 595)
Adj Cap 16,895
Term 36 months
Miles 12K
Judging from the MSRP, I'm guessing that there was a slight price increase which doesn't make much sense. At any rate, here's the base payment using the above info...
Payment = 0.00127 x (16895.00 + 11684.55) + (16895.00 - 11684.55) / 36
= 181.03
This excludes (a) tax and (b) dealer doc fee/license, reg., plate fees.
Also, blizzisu is correct. Have the dealer write you a check for $8,000. Do NOT put any money down (i.e., cap reduction)! First, a car is a depreciating asset and, second, God forbid if you total it in an accident, you're not likely to recover all of your down payment (cap reduction). I would pay licensing fees and any applicable dealer doc fees upfront.
Hope this helps!
John
PS: Try Bell or Tempe Honda if you haven't already done so.