Honda Car Forum

"xyz" <xyz@abc.com> wrote in message
news:105stjgfa3knscd@corp.supernews.com...
> My Mother is in the market for a new car and we have been looking at the
04
> Honda Civic VP Sedan (no other options). She only Drives about 6000 to
7000
> miles per year and is very gentle on her cars. She has a relatively low
> income and plans to retire in three years. She has had a string of bad
luck
> lately with her 93 Escort which only has 65000 miles on it. She has lost
> faith in it and is afraid to drive it much longer. She is attracted to
the
> Idea of having a new car every three or four years and not worrying about
> break down costs. I've been trying to help her find the best deal but I'm
> not very savvy on buying new cars. Most of my experience is with buying
> used cars from private owners. She wants payments under $200. We have
been
> told that she is a good candidate for leasing. I have a hard time
trusting
> the Sales person at the dealership especially since leasing terms are
Greek
> to me. I have been studying up on the subject over the past few days but
> I'm still far from confident in my negotiating skills. The dealer gave us
a
> quote of $142.70 (tax included) per month for a 36 month lease with $2000
> down and $8195 due at the end of the lease. To purchase the care and
> finance it with $2000 down they want $247 per month for 60 months which
> figures out to a total price of $16820 in my book. These are all of the
> numbers I have at this time.
>
> 1. Does this sound like a good deal?

dunno

> 2. Do you think leasing is right for my mother?

for her? sure. and at the end of the lease, YOU can buy it for $8195. if you
think it would be worth it

> 3. Are Honda's Leases usually fair?

mine was, but i kinda got suckered into it. my residual was $6500, so i
bought the car (cash) at the end of lease. still have it and love it. would
i lease again? nah.

> 4. Should she put money down? Considering that when the lease is up she
wont
> want to plop down another $2000 or...
> 5. Will the residual value be high enough to allow her to move on to
another
> lease without a down payment?

the residual is what shed have to pay end of lease to buy the car and keep
it.
>
> Sorry for all of the questions, but that's what's going on in my head.
I'm
> sure there's a few questions that I forgot. I hope some of you can help
me.
> Thanks in advance for any help
>
>
> --
> John
> jwel@core.com
>
>