One of my readers, Crystal from Northern California, recently emailed me requesting lease rates for the 09 Honda Fit. As some of you may have noticed, the Honda Fit isn’t on the list of promotions under the Honda website. A good reason for that is that the Fit is selling rather well due to the high cost of gasoline. In some parts, I am hearing a whopping $2000 over MSRP, but most sell it for about MSRP.  Now, I don’t have lease rates for the Fit right now, nor have I come across it since I started this website. I have been rather unless in terms of helping Crystal out here, so I am hoping that perhaps any of you reading this blog have had any luck getting a hold of these rates.

Here’s what Crystal has been able to find thus far:

ALL for 2009 Fit Sport, AT, 36mo, 12k/year

Dealer #1
MF=0.00280 residual value 64% with 36 months

Dealer #2
MF=0.00310 residual value 64% with 36 months

Dealer #3
MF=0.00280 residual value 64% with 36 months

Dealer #4
MF=0.00280 residual value 64% with 36 months

The consensus seems to be 64% for the residual and .00280 for the money factor. However, I am not sold on the money factor being .00280. For a 36 month lease, Honda seems to use .00270 as their “Super-preferred” rate, not .00280. That is the case with Acura as well. Then again, .00010 isn’t exactly a major markup either, so I don’t see why they would bother to mark it up so little if .00270 was indeed the case. There is also an outside chance that the rate could be .00255. If there are any readers who can help confirm this, that would be great.

Many thanks in advance.