Car leasing is increasingly becoming a popular way of acquiring a car for use over several years. This is probably why nearly all car manufacturers provide lease deals currently. That said, Honda provides an incredible way for enthusiasts to acquire the Honda Civic using lease arrangements. If you are a Honda lover, read below to understand the latest on Honda Civic lease $59 deals currently available.
Apart from Honda CRV lease deals, the company is financing and offering lease specials for several 2019 lines of cars, minivans, and SUVs. Most financing deals from Honda charge interest rates from 1.9% to 3.9%. These figures are way below the nationally recognized average rates of 4.65%. Before heading to lease dealers, it is prudent that you search for the best leasing or financing dealers of various Honda Civic models.
Whereas this might not be the cheapest car to lease with no money down, monthly payments for individuals looking to lease Honda brand of vehicles will find these deals satiable. The monthly payments range between $169 and $389. Depending on your dealer, some may ask for upfront payment while others accept lease deals with no money down.
Why Choose Honda Civic
A key reason why Honda Civic remains popular, even more than the Hyundai sonata lease $99, is because it is made in a raft of body trims and styles. For instance, if your specialty of choice is on the Honda Civic hatchback lease, the LX is a perfect fit. If you need an affordable and cheerful model with inspiring chassis? Si or Sport are perfect choices. Similarly, for more horsepower, the extreme Type R is available.
Regardless of the trim you choose, Honda Civic engines displace either 1.5 or 2.0 liters. Lower spec coupes and sedans have the 2.0-liter engine. This gifts the models with 158 horsepower and 138-pound torque power. It also pairs with six-speed manual transmission to provide the much-needed power. The fuel economy of this model is estimated at 25 miles per gallon in a city, 36 miles per gallon on highways, and 29 mpg on combined city and highway carriers.
For some additional grunt, you can get Honda Civic lease deals with 1.5-liter engines. They are standard to all Honda hatchbacks and some coupes and sedans such as EX, EX-L, and Touring trims. These models are four-cylinder turbocharged, generating approximately 16-psi boost, 174hp, and 162-pound feet torque. Besides, they are paired with CVT, and gas mileage ranges from 32 to 36mpg.
For all 2019 models, Honda civic features a Honda Safety Sense, which is the marque’s standard of active safety features. This includes a multi-engine rear-view camera, lane departure warning, adaptive cruise control, road departure mitigation, forward collision warning, automatic emergency braking, and lane-keeping assistant. These features should keep you guided when searching for a perfect Honda Civic lease $59 deal.
Honda Civic Advertised Lease Deals
2020 is probably the best time to buy or lease Honda Civic models. This is because the company is offering $500 as a bonus for those coming from competing manufacturers such as Hyundai or other Honda models. There are also other additional lease deals that you would want to leverage. The bonus can be combined with the low APRs and affordable leases to get you a good car model.
That said, below are Honda Civic models with advertised lease deals you can try out.
|Honda Civic Model||Term length||Due at signing||Deal valid in||Mileage||MSRP|
|Honda 2.0 LX Sedan||36 months||$2199||Southern California||12k||$21,280|
|Honda 2.0 LX Coupe||36 months||$2599||Southern California||12k||$21,680|
|Honda 2.0 Sport Sedan||36 months||$2499||Southern California||12k||$22,980|
|Honda 1.5 LX Hatchback||36 months||$2199||Southern California||12k||$22,380|
|Honda 2.0 Sport Coupe||36 months||$2,899||Southern California||12k||$23,280|
|Honda 1.5T EX Coupe||36 months||$2899||Southern California||12k||$24,230|
|Honda 1.5T EX Sedan||36 months||$2499||Southern California||12k||$24,430|
|Honda 1.5T EX Hatchback||36 months||$2399||Southern California||12k||$24,680|
|Honda SI Sedan||36 months||$2399||Southern California||12k||$25,230|
|Honda Si Coupe||36 months||$2599||Southern California||12k||$25,230|
|Honda 1.5T EX-L Sedan||36 months||$2899||Southern California||12k||$25,630|
|Honda 1.5T Touring Sedan||36 months||$2299||Southern California||12k||$28,330|
Top Factors to Consider Before Leasing Honda Civic
If your mind is made upon the specific Honda Civic lease $59 deal you want to pursue; it is important that you understand several lease deals terminologies. Below are essential factors to look through before leasing Honda Civic.
Financing and Payment Options
Honda Civic lease deals also have financing options for those who need it. This is why you should check with the lease dealer on the financing option and lease specials acceptable by the dealership. Leasing with poor credit is difficult. Therefore, if you can’t get affordable financing terms, you can opt for either one of the three options outlined below.
First, you can wait and find ways to improve your credit score. You can decide to pay high down payments when beginning the lease. The rationale behind this is that making a higher down payment reduces the monthly payments. However, lease experts insist on making low down payment amount or get a zero down payment offer. However, this might not be applicable to those with poor credit. The third option is reducing your annual mileage. Using trade-in is another valuable option.
Length of Lease and Contract Terms
You should always consider how long you will lease the vehicle. Common Honda Civic terms are between two to four years. So to say, all the lease deals available and outlined above are for 36 months. However, this can be customized to suit individual needs. One key contract term is the mileage gap. Most manufacturers allow up to 15000 miles.
Note that leasing contracts can be challenging to understand. That in mind, you should learn and understand key contract terminologies to make the process seamless. If you are not familiar, begin your search by checking out some of the common lease terms to comprehend the costs, fees, and terms of the lease. Among the common terms, include;
- Gross capitalized cost – it is the sticker value of the vehicle. Don’t agree immediately with this value. Instead, try negotiating.
- Adjusted capitalized cost – it is the actual price you will pay for the vehicle lease. It amounts from the gross capitalized price subtract down payment made, negotiated discounts, and trade-in option if any.
- Residual value – this describes the estimated value of the leased car after the lease period. A vehicle with a high residual value means that it depreciated less. This translates to low payments. This value is often given after the end of the lease period.
- Money factor – these are the interests paid during the lease period. It is charged based on residual value and adjusted capitalized cost.
- Monthly premiums – these are the monthly payments payable every month for the lease. It results from summing up depreciation, sales tax, and finance charges.
Possibility of Ending Lease Early
There is a possibility that you will return the leased car earlier than agreed. If that happens, what options do you have? Such mistakes, commonly due to ignorance, can cost you thousands as termination fees. Most, if not all, lease agreements state that you will have to pay for the entire amount owed even if you return the leased car before the lease period lapses. Therefore, prematurely returning the leased car is a recipe to financial deep.
Before leasing, always read thoroughly the termination penalties stated in the dealer’s terms and conditions. Other options present the possibility of ending your lease deal prematurely. The first scenario is a situation where another person is willing to take over your lease terms and subsequent payments for the remaining period. Note that changing lease details are tedious and time-consuming.
You can as well work with companies that specialize in selling lease deals to prospective buyers at a fee. Another option is if your lease dealer could also be willing to trade in the current vehicle with another Honda model if you want some change. You can as well opt to purchase the vehicle completely from the leasing dealership. Regardless of the option, always understand the terms and conditions to the later.
Being approved for Honda Civic lease deal is difficult if you have a less than stellar credit. That aside, leasing directly affects your credit score. Car leasing is not different from applying for a car loan. Making a lease application immediately triggers credit inquiry, which has a significant effect on your credit score.
Additionally, opting for Honda Civic lease increases credit utilization, thus decreases your credit score. As you may know, the only way to increase your credit score is by making timely repayments. Leasing is considered an installment loan, and making high utilization of credit cards with installment loans affects the credit score. Therefore, you should avoid late or skipped payments at all costs.
Leasing Risks Involved
Leasing and renting are similar terms used interchangeably but with a slight difference. Like rented vehicles, you should observe top-notch maintenance procedures for leased vehicles. Always be cautious when using the vehicle to minimize avoidable wear and tear that may attract extra fees.
That aside, Honda Civic lease deals have additional fees such as drive off and return fees. Drive off fees are the charges paid upfront when making the lease agreement. It includes the first month’s monthly premium. Return fees are payable at the end of the lease period. Other charges include mileage fees for those who exceed the agreed mileage cap. To save on cost, always be on the lookout and avoid possibilities of attracting additional unnecessary fees.
Common Mistakes to Avoid When Leasing Honda Civic
As mentioned, leasing procedures and terminologies can be confusing. Such is why most people make costly mistakes when leasing their vehicles of choice. Below are common mistakes you should avoid.
Ignoring GAP Insurance
Before hitting the road with a leased vehicle, make sure that you have GAP insurance. This covers the difference between the amount owed to the leasing agency and the total value of the vehicle. GAP insurance comes in handy in case the car gets totaled before the lease period expires.
Apart from monthly payments, mileage is another important aspect to ascertain when searching for Honda lease deals. As mentioned, going beyond the agreed mileage attracts a fine. Therefore, always bargain for extra mileage if you doubt you can exceed the contract mileage. Besides, study your driving habits before leasing the car.
Leasing comes with strict terms, and maintenance procedures are one of them. You should maintain the vehicle to its best condition. Avoid unnecessary wear and tear as it may cost you some additional fees once the lease period expires.
Frequently Asked Questions
How much does it cost to lease a Civic?
Putting a specific figure on the exact cost to lease a Honda Civic is impossible. This is because the total cost is dependent on your choice of vehicle, vehicles’ adjusted capitalized cost, money factor, monthly payments, and depreciation. You can also benefit from lease deal specials and offers available.
Does Honda have a loyalty program?
Yes. Honda has special loyalty programs for 2020. The company provides cap cost reduction or down payment discounts on lease or purchase of new vehicles.
Can you lease with no money down?
Yes. It is possible to get Honda Civic lease no money down. You should be on the lookout for Honda dealers who offer such services to prospective customers. Always be cautious about their terms and conditions for payments.
The Bottom Line
There are many reasons why people opt for leasing deals to purchases. Well, leasing is a short-term purchasing option or a lengthy car rental where you pay for monthly premiums for an agreed period. You should then return the vehicle once the agreed period lapses. There are several benefits and drawbacks of leasing Honda Civic. For instance, it is beneficial as you can get a new Honda Civic model any time with low payments. On the contrary, you will be required to make monthly payments to sustain your lease agreement. If you find a car leasing a better option, and a fan of Honda Civic, this guide outlines the best lease deals available for 2020.