2018 Civic ex with Honda Sensing Lease

nani · April 22, 2018, 5:07pm

I got the following lease quote for 2018 Civic ex with Honda Sensing from AutoNation(Fremont, California).
MF : 00124
Res% : 56
MSRP : 24275
Selling Price : 19868.96
Down Payment : 3000
Dealer Contribution : 300
Vehicle Cost: 22635.01
Capital Cost: 17983.96
Lease Term: 36
Monthly Payment: 175.60

I have been to multiple dealerships in Bay Area, California and this is the best I have got so far.
Lease calculator shows 8 years. I am not sure if this is a good or bad deal. So, Please let me know if this deal looks fair

dmitry · April 22, 2018, 5:39pm

Solid deal. I would not recommend putting money down though.

nani · April 22, 2018, 5:43pm

Thanks.
Yeah I am thinking of not putting any down payment(Thanks to this forum, I learnt a lot about leasing).

Is it still a good deal if I end up buying the car after 3 years ?

dmitry · April 22, 2018, 5:57pm

Seems pretty solid to me. Honda keeps their value very well after many years.

z.wong · April 22, 2018, 6:23pm

Solid deal, sign it asap!

max_g · April 22, 2018, 11:47pm

If you want to buy it, buy it today. Otherwise you’re wasting a lot of money to lease it first (acq fee, higher APR, second reg/title, any forgone retail rebates, etc).

nani · April 23, 2018, 3:35am

I tried to get the same lease, a different manager was there and said he can’t do the same deal.
New Deal :
MSRP : 23130
Selling Price: 19500
DownPayment : 3000
Monthly : 193 (including tax)

Am not sure if I am getting the calculator right. Can someone help me?