hey guys. a local dealership is offering a what seems to be a pretty good deal on a 2012 cvic base model lease. i need something small and this is perfect for my mom for around the town driving.
They are advertising $0 down payment, $0 first payment , $129 per month and all you have to pay is for Tax , tltle , tag dmv fees etc. ...
any input would be very much appreciated
Hey guys finally had the time to stop at one of the local dealers, seems like ill have to do some more shopping around to get a better deal. The deal with $0 down is just too expensive, all the fees would come close to about $3600 and the payment would be around $120 per month. Another deal they offered me was with paying some fees and first payment and that would put me at $198 per month. Lastly the sign and drive with no money down no first payment puts me at $218 per month. I think thats way too much for a base model bone stock civic. Like i said ill have to visit other dealers and compare some quotes.
$0 cash out of pocket and $218 a month sounds like a pretty killer deal... I had a family member shopping for a honda recently and they tend to not leave much on the deal if they know you are walking out the door. You may be able to get another 5-10 bucks (who knows as Honda dealers tend to be a bit vague on terms and finding the lease info can be tough, unlike BMW, MB, VW etc... that tend to have more internet savvy buyers who publish info as they find it) but to have a brand new car for a bit over $200 with no investment from you up front seems pretty good.
Mercedes Benz of Foothill Ranch
some updates :
Went to a different dealership and this deal seems pretty good to me:
- $119 per month and a little under $2k with all the fees and whistles for 27 months. Or another option they gave me was put down $1500 and payment would be $149 a month. The $119 a month with $2k in fees comes out to cheaper in the long run, im gonna go back to original dealership i went to and tell them about this and see what they can do for ... any thoughts guys >?
The dealer is the problem, most dealers advertise a monthly payment and a fine print to get you into the dealer. Most will try to lease you the car with a much higher payment than what they advertise, in reality you can go even lower than what's advertised.
Know what the MSRP of the car is and the invoice, as well as what people are paying around your area, in a lease, you can negotiate selling price. Know what the car's residual value is as well as the money factor, these are set by the bank, in this case Honda Financial or whatever Honda's bank is. The residual and money factor cannot be negotiated but the dealer can mark it up. Also know what the fees and taxes are where you are buying, dealers also try to put BS fees and mark them up if they give you a very good selling price or something else; I would never pay over $1k in fees, taxes, title, tag, etc when leasing. On a Civic, this is what you should pay at inception and remember the $129 will be plus tax. There are many little details to leasing, or you can just find a good, reputable dealer which will not play those silly games.
This is a good place to start:
GTI MKVI | My flickr Photostream
Ended up taking the deal with $119 per month with $2k in fees for 27 months, but when they tried to do it that offer had expired. New offer was better for me i think :
$99 per month
$2050 in fees for 39 months , i only get 10k in miles per yr but its for my mom and i highly doubt she will be going over.