Best Honda Deals: February 2010 Lease and Purchase
Last Updated: Feb. 03, 2010
The auto industry had a tough year, but December ended with a bang. In particular, Asian automakers saw the biggest increases in sales. In fact, Honda Motor Co. posted a 24 percent increase over December 2008, according to the latest sales figures. Business Week reports that Honda “moved ahead of Chrysler in annual U.S. sales for the first time, taking the No. 4 ranking.”
But good sales for Honda mean less negotiating room for car buyers. The automaker has announced its January/February lease and purchase deals, and there are far fewer than last month.
In December, buyers willing to finance could have gotten deals on a number of popular models, including the all-new Accord Crosstour, Insight hybrid, Civic sedan and Fit hatchback. Those deals aren't available in January.
Instead, Honda is offering lease deals on a few models through March 1. This is still good news – but only for people who want to lease. The cheapest deal is the Honda Civic, which is available for just $159 per month for 36 months if you lease a DX-VP model. Plus, Honda has lowered the amount due at signing from $1,899 to just $1,399. That makes the Civic a very affordable proposition.
Of course, if you’re shopping a lease on the Civic, you’ll want to compare it to the Toyota Corolla. Note that Toyota is offering lease deals on the Corolla for as low as $140 per month for 36 months, depending on the region you buy it in. The amount due at signing varies, and it’s likely to be more than what Honda is asking.
If you’d rather buy a vehicle, Honda is still throwing you a bone, but it’s a small one. The Honda Odyssey minivan and Pilot SUV are both available with 1.9 percent APR financing for 36 months or 2.9 percent APR for 60 months.
If you plan to buy a car any time within the next year, now is the time to act. Analysts are reporting that auto sales will recover slowly in 2010, which means incentives will gradually decline. Honda has already majorly scaled back its deals as compared to last month. So get in the showroom and start negotiating – this may not be a buyer’s market for long.
Don’t just limit yourself to these discounted Honda models. If you’re interested in other brands, check our overall car deals, which feature the best incentives on the market.
The best Honda deals for February 2010 are:
- MSRP: $27,695 - $40,095
- Invoice: $25,101 - $36,306
- MPG: 17 City / 23 Hwy
2009 Honda Pilot
Purchase Deal
Method: Finance Purchase
Deal: 1.9% APR for 36 months or 2.9% APR for 60 months
Notes: Only available on approved credit by Honda Financial Services through participating dealers. Honda Financial Services' standard credit criteria apply. Higher rates apply for buyers with lower credit ratings.
Expires: 03/01/10
- MSRP: $15,455 - $24,455
- Invoice: $14,250 - $22,505
- MPG: 25 City / 36 Hwy
2010 Honda Civic
Lease Deal
Deal: $159 per month for 36 months for DX-VP models; $179 per month for 36 months for LX models; $199 per month for 36 months for EX models
Due at Signing: $1,399 for DX-VP models; $1,799 for LX models; $1,899 for EX models
Miles: 12,000 per year
Notes: Higher lease rates apply for lessees with lower credit ratings. Excludes taxes, titles and fees.
Expires: 03/01/10
- MSRP: $19,800 - $23,100
- Invoice: $18,688 - $21,790
- MPG: 40 City / 43 Hwy
2010 Honda Insight
Lease Deal
Deal: $199 per month for 36 months for LX model
Due at Signing: $1,799
Miles: 12,000 per year
Notes: Higher lease rates apply for lessees with lower credit ratings. Excludes taxes, titles and fees.
Expires: 03/01/10
- MSRP: $21,055 - $31,305
- Invoice: $19,101 - $28,363
- MPG: 21 City / 31 Hwy
2010 Honda Accord
Lease Deal
Deal: $199 per month for 36 months for LX model; $219 per month for 26 months for EX
Due at Signing: $2,199 for LX; $2,599 for EX
Miles: 12,000 per year
Notes: Higher lease rates apply for lessees with lower credit ratings. Excludes taxes, titles and fees.
Expires: 03/01/10
- MSRP: $27,895 - $40,245
- Invoice: $25,282 - $36,442
- MPG: 17 City / 23 Hwy
2010 Honda Pilot
Lease Deal
Deal: $349 per month for 36 months for 2WD models
Due at Signing: $2,999
Miles: 12,000 per year
Notes: Higher lease rates apply for lessees with lower credit ratings. Excludes taxes, titles and fees.
Expires: 03/01/10
Purchase Deal
Method: Finance Purchase
Deal: 1.9% APR for 36 months or 2.9% APR for 60 months
Notes: Only available on approved credit by Honda Financial Services through participating dealers. Honda Financial Services' standard credit criteria apply. Higher rates apply for buyers with lower credit ratings.
Expires: 03/01/10
- MSRP: $21,545 - $29,745
- Invoice: $20,056 - $27,661
- MPG: 21 City / 28 Hwy
2010 Honda CR-V
Lease Deal
Deal: $249 per month for 36 months for 2WD models
Due at Signing: $2,099
Miles: 12,000 per year
Notes: Higher lease rates apply for lessees with lower credit ratings. Excludes taxes, titles and fees.
Expires: 03/01/10
- MSRP: $26,805 - $40,755
- Invoice: $24,297 - $36,903
- MPG: 16 City / 23 Hwy
2010 Honda Odyssey
Lease Deal
Deal: $299 per month for 36 months
Due at Signing: $2,499
Miles: 12,000 per year
Notes: Higher lease rates apply for lessees with lower credit ratings. Excludes taxes, titles and fees.
Expires: 03/01/10
Purchase Deal
Method: Finance Purchase
Deal: 1.9% APR for 24-36 months or 2.9% APR for 37-60 months
Notes: Only available on approved credit by Honda Financial Services through participating dealers. Honda Financial Services' standard credit criteria apply. Higher rates apply for buyers with lower credit ratings.
Expires: 03/01/10
- MSRP: $26,355 - $41,105
- Invoice: $23,890 - $37,219
- MPG: 16 City / 23 Hwy
2009 Honda Odyssey
Purchase Deal
Method: Finance Purchase
Deal: 1.9% APR for 24-36 months or 2.9% APR for 37-60 months
Notes: Only available on approved credit by Honda Financial Services through participating dealers. Honda Financial Services' standard credit criteria apply. Higher rates apply for buyers with lower credit ratings.
Expires: 03/01/10