Just leased a Civic LX, opinions on deal?

Well,

Without seeing all of the necessary numbers, it's not really possible to really analyze your deal. Assuming you got a 2012 Civic LX sedan, you would be at 60% residual and .00130 money factor. A coupe has the same money factor but 57% residual.

What was the actual price of the car (including destination, excluding everything else)? What is the total of extra costs you paid excluding your down payment?

Without running any numbers and just judging by what you wrote, i'm guessing they got you for 500-1500 extra by confusing you with the changes. BTW, you mentioned not wanting to pay interest but .00130 MF is equivalent to 3.12% interest. Not the best, but not horrible considering you're only paying it on the % of the car you're paying for.

An hour of research on edmunds could have gotten you all the info you needed to make a good deal. You would know what the car is selling for in your area and could have used one of the many lease calculators on the net to see exactly what you should be paying.

Analyzing the deal now that it's done will do no good except maybe to teach you a lesson for next time. I'd recommend just living with this deal and familiarizing yourself with leasing for the next time.

Contrary to other posters opinions, leasing CAN be an excellent option. With the right negotiated deal, you do a few things: preserve your cash, shift the risk to the finance company (Honda Finance leases have built in gap insurance), keep your options open (you can transfer your lease at anytime, or assuming you got a great deal often sell the car near the end and pocket the difference).

I lease all my cars, and generally end up paying about $100/mo to drive them when the term is over. I sell them generally 2-4 months before the term is up and keep the extra cash. Combine that with the low risk and other investments I can do with the cash I didn't put down on the car it's a win for me.

FYI, my lease deal with Honda carried a 58% residual and .00033 MF (.792% interest). I paid around 500 under invoice, and there was an additional $1000 factory-dealer incentive on the car. No out of pocket and i rolled the first payment in so a true sign and drive. If things go as planned, i'll drive this thing for 2 1/2 years, pay almost nothing for maintenance, and sell it and pocket a couple thousand at the end. The point is, once you know what to look for everything else falls into place. Don't worry about this deal, enjoy your new car and educate yourself before leasing the next one.

Quote from qwertyaas : How, as a follow-up to my previous post about buying a used Sentra, I decided to lease a Civic instead. Although for some reason, I have a sour taste in my mouth from dealing with the dealership... So here's what happened. Last night I just went to sign a lease for a Civic LX. Total down with taxes, registration and fees was $4,460. Monthly payments are $75. Total is around $7,100 for the 36 months. Question on the fees as for some reason I have a sour taste in my mouth on how the dealer was. When I called and asked first, I was told we would just pay $1,500 down, $895 bank fee (which is high I'm assuming...), $770 destination (legit) and tax (paid down full tax) and DMV. Later they add $370 for admin. After agreeing, they bring us to the lease person which lets us know we aren't with Honda Financial due to our low payments but some obscure bank that isn't all too great, and charges a $500 disposition fee. We switched to Honda Financial, went from 39 months to 36 months but paying the same total. Shouldn't the Bank fee with Honda Financial be $595? In the end, if I take my total divided by 36 months, it's $197 a month but I still have a sour taste in my mouth. Did I just get had for extra bank fees, admin fees? Edit: removed irrelevant part and fixed a couple numbers. I called and they agreed that bank fees with Honda Financial should be $595, as opposed to the original bank they had me under (which was $895). We'll see if they act on that. The rest I'm fine with as I knew what I was paying going in.