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2013 and earlier-Honda Civic Lease Questions

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Comments

  • kyfdxkyfdx Posts: 35,127

    55% residual on the 2014 EX-L w/NAV. I don't have MF for this model.

    2013 Civic EX 36mo, 15K/yr lease

    .00011 MF and 54% residual

    The 2014 Civic likely has a pretty high money factor and few incentives... It may be a lot more to lease.

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  • g6leaserg6leaser Posts: 48
    edited January 2014

    2013 Civic EX 36mo, 15K/yr lease

    .00011 MF and 54% residual - Is this for COUPE or SEDAN, interested in SEDAN.

    Negotiated out the door price of $212.18/month for the EX with internet sales dept. - want to make sure math is right. When i do it I'm getting $220...

    MSRP 21,605 Sale price $19,100 - sister in law wants to put down $1,500.

    DMV 229.50
    NJ Tire Tax 7.50
    Doc Fee $399 (way high, right?)
    Acquisition Fee $595
    Tax $568.88

    something seems off to me here, kyfdx can you assist? As always - THANK YOU!!!
    -Note: they provided me the wrong residual before, that's why numbers are off.
    Now they are quoting $242/month - but when I run the numbers I get $233/month

  • kyfdxkyfdx Posts: 35,127

    Those numbers are for the sedan..

    All of the fees and taxes add up to around 1800, minus the $1500 from your sister and plus the first payment ($224).. so, I added $524 to the selling price to get a CAP cost of $19624..

    At that CAP cost, the payment is right around $224/mo, with $1500 due at signing (which would include the 1st payment) $1500 due at signing, then $224 for 35 more months.

    Yes, $399 seems like a high doc fee, but is that offset by a low selling price? I don't know, as I'm not actively shopping for a Civic.. you have to make that determination, yourself.

    regards,

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  • Thank you so much kydfx, when I run those same numbers I'm getting $224.47 + $15.71tax = $240.18 - am I included tax twice with my lease calculator? Is it $224.47 straight up?
    Thanks again!
    ER

  • kyfdxkyfdx Posts: 35,127

    I added in the tax you quoted in your first post. Which makes sense, as you pay the lease tax upfront in NJ (or, roll it in to the payment). So, the $224 should include tax.

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  • Thanks again kyfdx!

This discussion has been closed.
2013 and earlier-Honda Civic Lease Questions - Page 53 - Car Forums at Edmunds.com