hi,

anyone have any idea if there's any upgrade cost dealer can add if want to switch from '12 civic to '13 civic.

i'm leasing a '12 civic right now. just want to get some idea about the switch before i go to the dealership.

thanx

 

I don't know, just ask them

But why?

 

It's very expensive to do this. There's no such thing as "upgrading". What you end up doing is trading the '12 as a used car and using that money to pay off the lease contract. But it will practically always take a lot more to pay off than it is worth. So you have to add the difference to the deal for the new car and get a new contract based on that higher price, which means higher payments.

 

I never figured out the reason to lease. Everything I know about leasing unless your a company that has fleet where an individual saves any money or even breaks even vs buying.

 

thanx for your response. yeah, it looks like gotta scratch the switching idea.

all i can say right now is, f****** honda.

i'm self employed. i can show the car's payment as business expense. and also, i want to drive new car after every few years. if i finance and want to trade in the car for a new one, i'm afraid i'll always feel like the dealer is giving low trade-in value. that's just me

 

If you're self employed and want to take the payments for a business expense, then buy a new Civic. The payment will be higher than your lease payment and that should be to your favor at tax time. Also, after 3 years or so, if you trade in for a new vehicle, you'll own some equity in your current vehicle and you'll have some trade in value. With your lease, when you turn it in you have absolutely nothing that's yours. Your money has been thrown away!
Duane

 

I guess the world is different today. When I was in business the point was to put as much of the money I made in my pocket, not others. But then again I retired at 48 years old & have been comfortably retired for the last 14 years. So I guess I'm out of touch with reality.

 

the last update.

the price my dealer offered was $403/month, no down payment for the 2013 civic touring. right now i'm paying $370/month for the ex-l + navi. my goal was to get it for $390/month.

me and wife made up our mind not to go for the 2013 even if they offer me $390/month, instead save the extra $30 for the rest of my lease period and use it for the future car.

 

$403 or $390 a month?

straight robbery

 

I guess I need to start a car finance company.