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2014 Honda Civic Lease Questions
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Coupe: 53%
MF is .00021 with $800 lease cash for both body styles.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Trying to do with 36 months lease, 12,000 miles per year
Initially got an offer for 2015 Civic LX for $19,079 OTD and $17,500 OTD for 2014.
Isn't the out the door meaning it includes everything? like tax and doc fees and acquisition fees and so forth?
So I have used the edmunds.com and cars.com and the other company's lease calculator based on the information he had given me. He said residual value for 2015 was $12,699.70 and the money factor was 0.00026. And for 2014, Residual is $11,588.40 and the money factor is 0.00071.
With that information, I just punched everything in it since it is OTD which includes tax and all that stuff, so I just put OTD price in the vehicle price and nothing on the other. And here is what I have got.
Selling price: $19,079 OTD (Including everything acquisition fee, tax, documentation and every other fees)
Money Factor: 0.00026
Residual Value: $12,699.70
Monthly Payments: $186.31 (No down payments or up front or any other out of pocket cost).
Total lease price: $6,707
2014 Civic LX
Selling price: $17,500
Money factor: 0.00071
Residual Value: $11,588.40
Monthly Payments: $184.87 (No down payments or up front or any other out of pocket cost).
Total lease price: $6,655
However, when I e-mail him to confirm about this, he said those numbers are not feasible. The payment on the 2015 with no money out of pocket is actually closer to $206 and said those sites deal with generalized information. The selling price of the vehicle and the lease price are two very different things.
After this, he wanted me to talk with the general manager who suddenly changed the money factor and the residual value (Don't know how, I thought these are just fixed) and said for 2015, residual is $12,248.80, money factor is 0.00232. then he said I am looking at around $307. and for 2014, he said it is $207. So I told him that I think you are adding acquisition fee and the tax on top of the OTD price, but he said no. And I told him to explain where the $800 difference came from and he said he only follows with his system in front of him.
Can anyone tell me which site is giving me the exact amount for the lease calculation?
And if anyone can tell me what I should do from now, I would be very appreciated.
Thanks in advance.
2015 Civic LX residual is 61% for 36/12 and 58% for 2014 Civic LX. Residual cannot be modified by the dealer; these are fixed by Honda Finance.
We would need to know the MSRP of the two cars to attempt to model a payment. You can roll all the taxes, fees, etc, into the cap cost.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm trying to negotiate the best possible price for sell first before start talking about leasing and I want to make sure they are no lowering the price "using" the lease cash while I'm talking about buying the car. Are you aware of any other cash incentive that apply to sales ?
TIA
The $800 applies whether lease, finance or cash sale.. (2014 model) Sometimes the incentives are lease only, but in this case, it is a straight $800 manufacturer-to-dealer cash, no matter what.
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However Im sure for a lot of people it works. So down to numbers.
price:20,809
2300 due at signing
MF.00021
residual 13,176.80
GFV 56%
total payment 187.54
cap cost: 1625.29
My question is I drive quit a bit and how to avoid the cost of over mileage? If i take the lease to the term and then buy it at the residual cost would I have to pay the overage on mileage? Thats the only thing I'm worried about.
Thanks in advance
Jose
No.. if you buy out the lease, then there are no mileage charges.
1.9% APR up to 60 months, if you decide to buy, rather than lease.
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Ive heard all the horror stories about people owing thousands of dollars cuz of over milage and don't want to join the club. lol
Really.. if you can't stay within the mileage limits, you should buy the car to start with.
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2014 Civic LX.
MSRP: 19980 (including 790 destination)
Months/miles: 36/12
Selling Price(=NCC): 16766 (incl destination)
Residual Value: 11588
MF: .00021
drive off costs: 1049 (336 all DMV fees (registration etc), 80 Doc, 595 acq, 164 first months). NO down/cap cost reduction
9% sales tax
$164/month including tax
That is a great deal! Good job!
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2014 Civic EX.
MSRP: 21880 (including 790 destination)
Months/miles: 36/12
Selling Price(=NCC): 18504 (incl destination)
Residual Value: 12690
MF: .00021
drive off costs: ~1100 (336 all DMV fees (registration etc), 80 Doc, 595 acq, 185 first months).
NO down/cap cost reduction*
9% sales tax
$185/month including tax
*The strange thing was that when I went down there, the guy said he needed to roll in acq to the lease but then I'd pay that amount as a cap cost redux. Seems unnecessary. Can't I just pay acq up front instead of rolling it in and then paying 595 to reduce the cap cost back down to 18504??
It's basically the same deal as the first one, with the same lease program, just a more expensive car, resulting in a higher payment.
The acquisition fee thing makes no difference... You still write one check for the same amount, and it doesn't change the net cap cost.
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I am in NY area.
Thanks so much!
Base MF for NY is .00021. $800 lease cash.
With your MSRP and selling price, I get a pre-tax payment of $207.98/mo for 36/15.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
So I negotiated the price I wanted $19,500, plus $800 cash from Honda which brings the total to $18,700. I know the residual is 12,252 and the MF is .00021. I calculated my payments to be 185.60 based on the lease formula.
My question is the "fees" that are included in the lease agreement and due up front. I know I need to pay first months payment. My previous Honda agreement which is now ending had a $369 doc fee and a 310 registration fee. Is that what I should expect again? So total out of pocket up front should be about $865?
Also, I live in NY but am buying from a NJ dealership so I am bit confused about the taxes? NY requires taxes to be paid up front, but Jersey does not. I am assuming then that I will pay about $558 up front (6448 * 8.65%). Does that sound right? This would bring my total up front cost to $1423.
Last question...there are two lines on the Honda lease agreement, one that says "The agreed upon value of the vehicle is " and one that says "Gross cap cost"..should the amount on those two lines be the agreed upon price (18,700). I am asking because on my previous agreement, those two lines had different amounts listed and neither was the agreed upon price.
Thank you so much. I am determined to get it right this time!!
Both NY and NJ calculate lease taxes for the entire lease up front - there should be no difference based on the state you get the car in.
I would agree that the values should all match .. if they don't, ask the dealer what they believe the values to be then come back and ask us.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Also, I think NYS caps doc fees at $75, so maybe you'd get a better deal in-state?
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2014 and 2015 Honda Civic EXL 12K/36 months
Residual Value
MF
Rebates and Incentives
2014: .00021 or .00071 MF and 56% residual. $800 lease cash.
Money factor depends on which state.
No 2015 info available.
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Thanks.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
.00089 MF
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I went in with numbers prepared for a 2014 Civic EX 36/15K...MV .00021 and RV 56%.
Dealer came back with MV .00001 (better!) but RV 54%. This changed my numbers quite a bit.
Here's the deal being offered: MSRP 21,880, Negotiated Price-19700 plus acq fee 595 = $20,295. Total out of pocket: 230 first month payment, 734.85 NY taxes, and 217.50 DMV fees = $1182.35. Monthly payment $230.
I also have one payment left on my previous lease ($260) which was incorporated into the deal.
Is that a good deal?
With the numbers you've provided (MSRP, cap cost, MF and residual), I get a pre-tax payment of 235.87, so your quote of $230 seems pretty strong.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you !
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Great Thank you! and Im assuming this is for the 2015 Models ? as well is the residual and MF is the same for EX-L model ?
2015 LX and EX - 60% for 36/12. Deduct 2% for EX-L.
.00041 or .00089 MF - I don't have the state list for which MF applies to Florida.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Florida is in Region A: .00041 MF
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MSRP
Residual
MF (New Jersey)
2014: .00011 MF and 56% residual. $1000 lease cash.
2015: .00041 MF and 60% residual.
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I'm trying to lease 2015 Civic EX-L (no navi). Can you tell me if it's a good deal for Los Angeles area?
$1,500 due at signing
$207/month including tax
Thanks
MSRP
Selling Price
Lease Term and Miles Per Year
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP: $23,660
Selling Price: I'm not sure...
Area: Los Angeles, CA
Lease Term: 3 years, 12,000 miles/year
Thanks!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you!
Over 36 months 10k per year. The price comes to be 179$ a month. sign off fees are around 1150$ if I remember, Thats first month, bank fee, doc fee, dmv fees. based on MF and RV is this a good deal or is there more room ? thanks
What state is this, and what is the tax rate?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4