2015 Honda Civic Lease Questions

Michaell

medatudent said:

Thanks, but do you think the negotiated price is too high considering the factory invoice 18754 and the 900 dealer cash? I realize they need to make money but not sure how much. 

I don't track transaction prices .. you might want to check out the "Civic Prices Paid" or "Accord Prices Paid" discussions and see what @brian125 has to say.

ricesteamer

Created an account cause these threads helped me a bunch:

Just leased a 2015 Honda Civic LX Manual Transmission 24/12k at $16,400.
MSRP = 19,310
Money Factor = .00041
2 year RV = 66%
3 year RV = 60%

Title + Doc + Acquisition Fees = ~$1100
Utilized $900 dealer cash and $500 Honda Grad Program

No down, no first month payment, 23 payments for 24 mo at ~$213, with a $350 turn-in fee.
I believe 36/12k not changing anything else would be about $180/mo for 35 mo.

Though keep in mind I probably could have pushed the cap cost down a little bit--there also was another same model on the showroom (keep in mind--end of month and end of quarter) going for $16,166 but it wasn't the color I wanted. Also the sales guy was a solid dude, so I wanted to help him out even though the finance guy was kind of a prick.

kyfdx

ricesteamer said:

Created an account cause these threads helped me a bunch:

Just leased a 2015 Honda Civic LX Manual Transmission 24/12k at $16,400.
MSRP = 19,310
Money Factor = .00041
2 year RV = 66%
3 year RV = 60%

Title + Doc + Acquisition Fees = ~$1100
Utilized $900 dealer cash and $500 Honda Grad Program

No down, no first month payment, 23 payments for 24 mo at ~$213, with a $350 turn-in fee.
I believe 36/12k not changing anything else would be about $180/mo for 35 mo.

Though keep in mind I probably could have pushed the cap cost down a little bit--there also was another same model on the showroom (keep in mind--end of month and end of quarter) going for $16,166 but it wasn't the color I wanted. Also the sales guy was a solid dude, so I wanted to help him out even though the finance guy was kind of a prick.

Looks like you did well.. congrats!

davidesq

Can I get the standard info for 2015 Civic SE Automatic in NJ.

Also - any thought on the deal for the SE listed in Car Research above? ($159/mo, 36 mo., 12,000 mi,) + tax + tags. $2000 at signing. Basically seems identical to the offer I just got which was $179/mo with $2000 out the door (tax and tags pretty much account for the $20). The numbers seemed to add up based on the price and MF but wasn't sure if it seemed like a good deal. Always worry when I'm offered something that I see online but seems on par with the costs I'm seeing on TrueCar (which I know are usually a little higher than rock bottom but not bad).

Michaell

davidesq said:

Can I get the standard info for 2015 Civic SE Automatic in NJ.

Also - any thought on the deal for the SE listed in Car Research above? ($159/mo, 36 mo., 12,000 mi,) + tax + tags. $2000 at signing. Basically seems identical to the offer I just got which was $179/mo with $2000 out the door (tax and tags pretty much account for the $20). The numbers seemed to add up based on the price and MF but wasn't sure if it seemed like a good deal. Always worry when I'm offered something that I see online but seems on par with the costs I'm seeing on TrueCar (which I know are usually a little higher than rock bottom but not bad).

36/12 numbers for the Civic SE Sedan in NJ are 59% and .00041.

I'm sure that some of that $2000 at signing is used as cap cost reduction - we don't recommend that. You should be able to negotiate a better selling price than the ad and get a similar payment with less money out of pocket.

j_garforth

Could you please provide the RV and MF for a Civic EX-L for Ohio. Cleveland area.
3 year / 12k per year
Thank you !!

Michaell

j_garforth said:

Could you please provide the RV and MF for a Civic EX-L for Ohio. Cleveland area.
3 year / 12k per year
Thank you !!

58% and .00041

MZA212

Can you please provide numbers in S. Florida for Civic LX and EX 12k miles 36 month lease ? Also, can you please link me to an online lease calculator/ I am using leaseguide.com and the numbers are way apart.

kyfdx

mzia said:

Can you please provide numbers in S. Florida for Civic LX and EX 12k miles 36 month lease ? Also, can you please link me to an online lease calculator/ I am using leaseguide.com and the numbers are way apart.

.00041 MF and 60% residual.

No info on lease calculators, though we have one here on Edmunds.

MZA212

T

kyfdx said:

mzia said:

Can you please provide numbers in S. Florida for Civic LX and EX 12k miles 36 month lease ? Also, can you please link me to an online lease calculator/ I am using leaseguide.com and the numbers are way apart.

.00041 MF and 60% residual.

No info on lease calculators, though we have one here on Edmunds.

Thank you. Can you please provide the same for SE and EX models or are they the same ? Thanks in advance.

Michaell

mzia said:

T

kyfdx said:

mzia said:

Can you please provide numbers in S. Florida for Civic LX and EX 12k miles 36 month lease ? Also, can you please link me to an online lease calculator/ I am using leaseguide.com and the numbers are way apart.

.00041 MF and 60% residual.

No info on lease calculators, though we have one here on Edmunds.

Thank you. Can you please provide the same for SE and EX models or are they the same ? Thanks in advance.

Same MF; subtract 1% for SE residual.

MZA212

Thank you very much for your quick responses. I really appreciate the help. Do you know if there are any customer loyalty benefits Honda offers on leases ?

Michaell

mzia said:

Thank you very much for your quick responses. I really appreciate the help. Do you know if there are any customer loyalty benefits Honda offers on leases ?

None that I know of that are lease specific - use the "car research" tab at the top of the page to see all customer incentives.

MZA212

Hi, Please tell me if the May numbers are available? Thank you

Michaell

mzia said:

Hi, Please tell me if the May numbers are available? Thank you

The Honda numbers are valid until May 11th.

MZA212

Thanks. Do you think it might be worth waiting for Memorials Day Specials or is that just a myth ?

Michaell

mzia said:

Thanks. Do you think it might be worth waiting for Memorials Day Specials or is that just a myth ?

Hard to predict what the numbers will look like when they are released. 

megacycle

Do you have the current numbers for the 2015 Civic LX, auto, coupe for 36mo, 10k or 12k mi/yr?

megacycle

megacycle said:

Do you have the current numbers for the 2015 Civic LX, auto, coupe for 36mo, 10k or 12k mi/yr?

... in Massachusetts

Michaell

megacycle said:

megacycle said:

Do you have the current numbers for the 2015 Civic LX, auto, coupe for 36mo, 10k or 12k mi/yr?

... in Massachusetts

36/12 numbers - 57% and .00041. Honda does not support 10K leases.

megacycle

Michaell said:

megacycle said:

megacycle said:

Do you have the current numbers for the 2015 Civic LX, auto, coupe for 36mo, 10k or 12k mi/yr?

... in Massachusetts

36/12 numbers - 57% and .00041. Honda does not support 10K leases.

Are the new numbers out yet? (you mentioned above that previous MF/RV were effective until May 11).
If so, could you provide this info for 2015 LX / SI manual coupes for 36mo/12k term. By the way, are residual values different for manual v. automatic transmission car?

Michaell

megacycle said:

Michaell said:

megacycle said:

megacycle said:

Do you have the current numbers for the 2015 Civic LX, auto, coupe for 36mo, 10k or 12k mi/yr?

... in Massachusetts

36/12 numbers - 57% and .00041. Honda does not support 10K leases.

Are the new numbers out yet? (you mentioned above that previous MF/RV were effective until May 11).
If so, could you provide this info for 2015 LX / SI manual coupes for 36mo/12k term. By the way, are residual values different for manual v. automatic transmission car?

New numbers to be released tomorrow ... if we're lucky, we'll have them then. Otherwise, perhaps later in the week.

MZA212

Hopefully they are better, my dealer just quoted me $240 on and EX (MSRP $21,980) sign n drive 0 due for 35 months remaining 36k miles. Funny thing is he gave me the sale price of 18988 but then added $1196 tax ... which I know is wrong for Florida where we are not taxed for the whole car in the beginning. If I get him to agree on today's numbers. With $900 inceptions and $900 dealer cash evens out the inceptions, I should be able to get it at $184.60. I know that is almost impossible but hey, he posted me the sales price so lets see. I will be happy as long as its under $190.

MZA212

Please post new numbers when available for
Civic EX 12k/36m S. Florida and info on any lease cash.
Thank you.

Michaell

mzia said:

Please post new numbers when available for
Civic EX 12k/36m S. Florida and info on any lease cash.
Thank you.

If we're lucky, we'll see the new numbers later today. If not, then we should get them in the next day or two.

megacycle

I was quoted 57% RV and .00030 MF on a Civic LX coupe for a 36mo/12k lease.

Michaell

megacycle said:

I was quoted 57% RV and .00030 MF on a Civic LX coupe for a 36mo/12k lease.

Similar but not identical to the previous numbers.

megacycle

Michaell said:

megacycle said:

I was quoted 57% RV and .00030 MF on a Civic LX coupe for a 36mo/12k lease.

Similar but not identical to the previous numbers.

That's right. The money factor is a bit better this month (0.00030 vs. 0.00041)

MZA212

megacycle said:

Michaell said:

megacycle said:

I was quoted 57% RV and .00030 MF on a Civic LX coupe for a 36mo/12k lease.

Similar but not identical to the previous numbers.

That's right. The money factor is a bit better this month (0.00030 vs. 0.00041)

What about the $900 dealer cash incentive which was there till May 11th ?

MZA212

I have used Weymouth Honda's calculator for a number of years now for lease rates on Hondas... What I noticed is, that their MF changes for sign and drive lease from !st and fees due deals. The sign n drives is usually 0.00010 less than the other. I have noticed it for over a couple of months now. Could that be right ?

Michaell

mzia said:

I have used Weymouth Honda's calculator for a number of years now for lease rates on Hondas... What I noticed is, that their MF changes for sign and drive lease from !st and fees due deals. The sign n drives is usually 0.00010 less than the other. I have noticed it for over a couple of months now. Could that be right ?

That is correct for Honda Finance.

Michaell

mzia said:

megacycle said:

Michaell said:

megacycle said:

I was quoted 57% RV and .00030 MF on a Civic LX coupe for a 36mo/12k lease.

Similar but not identical to the previous numbers.

That's right. The money factor is a bit better this month (0.00030 vs. 0.00041)

What about the $900 dealer cash incentive which was there till May 11th ?

We don't have any current Honda information, so cannot confirm or deny the continuation of any dealer cash.

MZA212

Dealer just called me. Dealer cash is now $1000. However he states the MF is 0.00041. for the EX 12k/36month S.FL.
Also, they want to charge, 699.95 dealer fee plus 599 dealer fee and then a 371 inception fees.... can they charge all of the above ? I am ok with one. not all

Michaell

mzia said:

Dealer just called me. Dealer cash is now $1000. However he states the MF is 0.00041. for the EX 12k/36month S.FL.
Also, they want to charge, 699.95 dealer fee plus 599 dealer fee and then a 371 inception fees.... can they charge all of the above ? I am ok with one. not all

The $599 is probably the bank or acquisition fee - this is imposed by Honda Finance and cannot be waived. $700 dealer fee is pure profit (but typical) and you should be able to negotiate some or all of that away with a lower selling price. Not sure what the $371 represents ... ask the dealer for a full accounting.

MZA212

I just sent you the picture of the full accounting by personal message.
Please see thanks!

MZA212

Attached

MZA212

Any advice ?

Michaell

mzia said:

Any advice ?

Looks good.

MZA212

So you mean $238 is a good price ? Aren't they supposed to take the lease cash out after the gross capitalized cost ?

Michaell

mzia said:

So you mean $238 is a good price ? Aren't they supposed to take the lease cash out after the gross capitalized cost ?

When I ran your numbers, I got a payment over $250/mo, so your quote of $238 with taxes looks good by comparison.

MZA212

Thank you. Can you confirm the new numbers please ?

Michaell

mzia said:

Thank you. Can you confirm the new numbers please ?

I can't at this point .. still waiting for them.

megacycle

Can a dealer collect use tax on documentation, registration and acquisition fees? (in MA)

kyfdx

mzia said:

Please post new numbers when available for
Civic EX 12k/36m S. Florida and info on any lease cash.
Thank you.

.00030 MF and 60% residual. $1000 lease cash

kyfdx

megacycle said:

Can a dealer collect use tax on documentation, registration and acquisition fees? (in MA)

Yes on document and acquisition...

True registration fees that are remitted to the government are not taxable, unless you live in a state that taxes the monthly lease payment and roll them into the CAP cost.

ravforme1

Looking for Civic Si Sedan (MSRP $23,910) residual and MF on 36/12 in Oregon. Lease cash? Also, can you provide the different tiers of MF just in case I don't qualify for top tier?

Thanks!

ravforme1

ravforme1 said:

Looking for Civic Si Sedan (MSRP $23,910) residual and MF on 36/12 in Oregon. Lease cash? Also, can you provide the different tiers of MF just in case I don't qualify for top tier?

Thanks!

Also, does Honda apply a different MF whether you choose zero at signing vs 1st pmt and fees at signing or any other variation?

Michaell

ravforme1 said:

ravforme1 said:

Looking for Civic Si Sedan (MSRP $23,910) residual and MF on 36/12 in Oregon. Lease cash? Also, can you provide the different tiers of MF just in case I don't qualify for top tier?

Thanks!

Also, does Honda apply a different MF whether you choose zero at signing vs 1st pmt and fees at signing or any other variation?

61% for SI w/o Nav; 59% if Nav equipped.

.00076 MF; .00066 if $0 due at signing.

Anything above 660 credit qualifies you for top tier; add .00080 if between 610 and 659.

mjsohel

Hi,
Can anyone suggest a good dealer with aggressive pricing in the Dallas, TX area?

I am moving to Shreveport, LA but will be willing to go Dallas if I can get a better deal.

captaindoctor

Previous lurker, appreciate these threads greatly.

Looking to lease a 2015 Civic CVT LX in Southern California. Would love to have residual value and MF on a 36/12k lease. Any lease cash available?

I also have a few quick questions on Honda lease incentives. Do these pre-built offers already have any available lease cash added in (ie I cannot further use utilize lease cash)? Can I apply a grad discount to the Honda incentives? I'm not able to find a clear answer, is there a standard disposition / return fee for Honda?

Thank you for your time!