2015 Honda Civic Lease Questions

Michaell

captaindoctor said:

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!

.00030 MF and $1000 lease cash.

36/12 residual for the LX is 60%.

National or regional lease specials usually have the lease cash built in to them.

You should be able to stack the college graduate incentive.

I don't see a disposition fee, but it doesn't mean there isn't one....

dannyg1904

Hello! I'd like to know the residual and MF for a 2015 Civic Si Sedan w/o nav in South Florida for a 36/15 lease, and any sort of lease cash? Thanks in advance!

kyfdx

dannyg1904 said:

Hello! I'd like to know the residual and MF for a 2015 Civic Si Sedan w/o nav in South Florida for a 36/15 lease, and any sort of lease cash? Thanks in advance!

.00030 MF and 59% residual. $1250 lease cash

mustang24fan

Hi guys, I am sure you can help me out. I got some great quotes for a sales price of the civic LX CVT Sedan, and now I am trying to find out my final lease cost. I did not tell any of the dealers this would be a lease, so the quoted price is cash. Could I use the lease cash ($1,000) on top? Sounds too good to be true.
Also, I have trouble figuring out all fees, etc.
This is what I found so far, but I want to make sure I am not missing anything:
Acquisition Fee: $595
Registration (per DMV): $206
Dealer Doc Fee: $80 (not sure)
Misc Fees Tire etc: $25 (total estimate)
And I found TTL on here, btu I am not sure if that is just the registration fee.

Thanks

kyfdx

mustang24fan said:

Hi guys, I am sure you can help me out. I got some great quotes for a sales price of the civic LX CVT Sedan, and now I am trying to find out my final lease cost. I did not tell any of the dealers this would be a lease, so the quoted price is cash. Could I use the lease cash ($1,000) on top? Sounds too good to be true.
Also, I have trouble figuring out all fees, etc.
This is what I found so far, but I want to make sure I am not missing anything:
Acquisition Fee: $595
Registration (per DMV): $206
Dealer Doc Fee: $80 (not sure)
Misc Fees Tire etc: $25 (total estimate)
And I found TTL on here, btu I am not sure if that is just the registration fee.

Thanks

California? .00030 MF and 58% residual for 36mo, 15K/yr

The $1000 is either lease or finance cash, so the price shouldn't change, though you'll have a $595 acquisition fee on the lease, and the tax will be on the payment, instead of on the selling price.

Michaell

mustang24fan said:

Hi guys, I am sure you can help me out. I got some great quotes for a sales price of the civic LX CVT Sedan, and now I am trying to find out my final lease cost. I did not tell any of the dealers this would be a lease, so the quoted price is cash. Could I use the lease cash ($1,000) on top? Sounds too good to be true.
Also, I have trouble figuring out all fees, etc.
This is what I found so far, but I want to make sure I am not missing anything:
Acquisition Fee: $595
Registration (per DMV): $206
Dealer Doc Fee: $80 (not sure)
Misc Fees Tire etc: $25 (total estimate)
And I found TTL on here, btu I am not sure if that is just the registration fee.

Thanks

It's possible that the selling price you've been quoted includes purchase incentives not available should you lease. If not, then the $1000 lease cash would apply.

TTL would apply on a purchase, but in CA the calculated lease payment would be subject to lease tax.

mustang24fan

I should have been a bit more precise I guess. I was trying to find out the actual added cost and fees.
I have all the info on residual and money factor, but when I run the numbers, based on the sales price they quote me and the above mentioned fees, my lease payments are $20 lower than what they quote, so there is somewhere around $750 and $1000 missing in the equation.
Here is what I have:
MSRP 20110
Sales Price quoted $16,385.
on 12k miles/36 months I come up with zero due at drive off and 36 payments of 154,79 plus tax, but they quote me 179/months.

Michaell

mustang24fan said:

I should have been a bit more precise I guess. I was trying to find out the actual added cost and fees.
I have all the info on residual and money factor, but when I run the numbers, based on the sales price they quote me and the above mentioned fees, my lease payments are $20 lower than what they quote, so there is somewhere around $750 and $1000 missing in the equation.
Here is what I have:
MSRP 20110
Sales Price quoted $16,385.
on 12k miles/36 months I come up with zero due at drive off and 36 payments of 154,79 plus tax, but they quote me 179/months.

Ask them what the net cap cost is, and what fees were added to the sale price.

mustang24fan

These guys are crazy, said the cap cost is 17k but payments are higher. When I asked them how that could be, they said I would not know how to calculate it.
Finally found one honest guy in Torrance. Picked up car today. $0 drive off, zip, nothing nada and $166/ months.

Michaell

mustang24fan said:

These guys are crazy, said the cap cost is 17k but payments are higher. When I asked them how that could be, they said I would not know how to calculate it. Finally found one honest guy in Torrance. Picked up car today. $0 drive off, zip, nothing nada and $166/ months.

Congratulations !

isellhondas

Leasing a 2015 Civic LX is a no brainer! Low MF and such wonderful resale that residuals are high.

lawgirl06

Hi, I am looking for a lease for my sister and I know nothing about Hondas. This is what I'm getting so far. What is a good deal on these? I'm going to try to get the price down a bit more. In Ohio. Thanks!

Civic lx 20100 sell for 17110 residual .59
193.28 down (same as monthly)
35 month

SE – 20810, sell for 17810, residual .58
208.33 down (monthly)

He couldn't give me the MF which I thought a bit odd.

Michaell

lawgirl06 said:

Hi, I am looking for a lease for my sister and I know nothing about Hondas. This is what I'm getting so far. What is a good deal on these? I'm going to try to get the price down a bit more. In Ohio. Thanks!

Civic lx 20100 sell for 17110 residual .59
193.28 down (same as monthly)
35 month

SE – 20810, sell for 17810, residual .58
208.33 down (monthly)

He couldn't give me the MF which I thought a bit odd.

Couldn't, or wouldn't?

MF for the Civic in Ohio this month is .00030. With your numbers, I get a pre-tax payment of $154.55/mo for the LX and $168.41/mo for the SE.

gmanusmc

lawgirl06 said:

Hi, I am looking for a lease for my sister and I know nothing about Hondas. This is what I'm getting so far. What is a good deal on these? I'm going to try to get the price down a bit more. In Ohio. Thanks!

Civic lx 20100 sell for 17110 residual .59
193.28 down (same as monthly)
35 month

SE – 20810, sell for 17810, residual .58
208.33 down (monthly)

He couldn't give me the MF which I thought a bit odd.

Totally agree with Michael - no reputable dealer who wants to deal straight with customers would refuse to provide a money factor. Even If he did not have it at his fingertips, he couldn't ask someone who had the info? It's no different than asking about APR. Hope you have other dealers available.

lawgirl06

Totally agree with Michael - no reputable dealer who wants to deal straight with customers would refuse to provide a money factor. Even If he did not have it at his fingertips, he couldn't ask someone who had the info? It's no different than asking about APR. Hope you have other dealers available.

Right? He said he wasn't up on all the leasing lingo. I agree though, shouldn't be that difficult to get. The other dealer gave me this:
2015 Se msrp 20810 207.61x35 3600 0miles 36 month lease m factor .00020, residual 12331

I'm thinking they are both using similar MFs (although he had it at .00020 instead of .00030) because they are rolling the tax, title and fees into the lease. Are these numbers pretty standard for a lease?

Thank you both for your feedback!

Michaell

lawgirl06 said:

Totally agree with Michael - no reputable dealer who wants to deal straight with customers would refuse to provide a money factor. Even If he did not have it at his fingertips, he couldn't ask someone who had the info? It's no different than asking about APR. Hope you have other dealers available.

Right? He said he wasn't up on all the leasing lingo. I agree though, shouldn't be that difficult to get. The other dealer gave me this: 2015 Se msrp 20810 207.61x35 3600 0miles 36 month lease m factor .00020, residual 12331 I'm thinking they are both using similar MFs (although he had it at .00020 instead of .00030) because they are rolling the tax, title and fees into the lease. Are these numbers pretty standard for a lease? Thank you both for your feedback!

Honda does discount the MF if you do a $0 due at signing lease. 

lawgirl06

Thanks, Michaell!

freshwater

Looking at 2015 EX-L ( Coupe or Sedan) in Illinois. 36/12 and Zero down.
Need MF and Residual %.
Also how Close they get to Invoice price. I am trying to get to 19.5k or lower on EX-L. MSRP is $23.6k
I need EX-L because it has Heated seats others EX dont offer Heated Seats.
I am seeing 200/m on zero down and 35 payments on the Honda Web sites.

kyfdx

freshwater said:

Looking at 2015 EX-L ( Coupe or Sedan) in Illinois. 36/12 and Zero down.
Need MF and Residual %.
Also how Close they get to Invoice price. I am trying to get to 19.5k or lower on EX-L. MSRP is $23.6k
I need EX-L because it has Heated seats others EX dont offer Heated Seats.
I am seeing 200/m on zero down and 35 payments on the Honda Web sites.

.00030 MF and $1450 lease cash.

57% residual for sedan, 54% for coupe.

With the $1450 lease cash, you should be able to get well under invoice.

jmulherin

Good Evening, I was hoping I might get a little help seeing if this is a good offer?

2015 Honda Civic Si Sedan, no navi
MSRP $23910.00
Less Discount $3014.76
Plus Admin Fee $599.00
Plus Tag/Title $34.00
Plus 5% Sales Tax

Lease offer based on the above:
36 payments of $239.60 ($239.60 due at signing plus 35 more payments of the same amount)
12,000 miles/year
Residual $14346.00

Thank you so much for your help!

kyfdx

jmulherin said:

Good Evening, I was hoping I might get a little help seeing if this is a good offer?

2015 Honda Civic Si Sedan, no navi
MSRP $23910.00
Less Discount $3014.76
Plus Admin Fee $599.00
Plus Tag/Title $34.00
Plus 5% Sales Tax

Lease offer based on the above:
36 payments of $239.60 ($239.60 due at signing plus 35 more payments of the same amount)
12,000 miles/year
Residual $14346.00

Thank you so much for your help!

There is $1450 lease cash on this model. 60% residual.

Money factor depends on which region. What state are you in?
Either .00030 or .00076 (possibly .00010 less on either, as you have a $0 Due at Signing lease)

jmulherin

Whoa, thanks for the quick reply. $1450.00 is crazy.

I live in Maine. Sorry, I should have included that beforehand.

Michaell

jmulherin said:

Whoa, thanks for the quick reply. $1450.00 is crazy.

I live in Maine. Sorry, I should have included that beforehand.

Maine gets the .00030 MF ... or .00020 for $0 down leases.

Using your numbers, I get a payment of $225.28/mo after 5% tax. I would confirm with the dealer what the net cap cost is ... might be another fee or two in there.

kyfdx

jmulherin said:

Whoa, thanks for the quick reply. $1450.00 is crazy.

I live in Maine. Sorry, I should have included that beforehand.

Also.. .considering the big incentives, you might look for a little lower purchase price.

jmulherin

Thank you very much for your input. Great to know about the MF. I didn't ask them, and they didn't run my credit, so I'm not too worried there. They've been crazy above-board with me, so hopefully just a quick conversation will clear it up.

They're bending over backwards to get me the color I prefer, so I think I'll leave the price alone. It's low enough

You've both been a huge help. Once I sign for the car I'll report in with the final numbers. Thanks!

psanders

Hello -
Can you please tell me the July 2015 money factor
and residual value for a 36-month lease (12,000 miles
per year) on a Honda Civic 4DR SE in Southern California?
Thank you.
psanders

Michaell

psanders said:

Hello -
Can you please tell me the July 2015 money factor
and residual value for a 36-month lease (12,000 miles
per year) on a Honda Civic 4DR SE in Southern California?
Thank you.
psanders

.00030 and 58%. $1000 dealer cash and $200 lease cash.

psanders

Thank you, Michaell!
psanders

raylight152

Hi all,

After 6 hours at the dealership, I signed off on a new 2015 Honda Civic LX lease. Can anyone please tell me if the following terms of the deal are good?

Capitalized Cost

Agreed upon value ($18085.88)
Capitalized cost reduction: $390.68
Adjusted capitalized cost: $19300.15
Resident value: $11864.90
Base monthly: $215.88; w/tax: $230.99
Acquisition Fee: $595
Dealer fee: $699.95
Total due at lease (down payment):$1000
36 months/12k miles


Much appreciated!
-R

kyfdx

raylight152 said:

Hi all,

After 6 hours at the dealership, I signed off on a new 2015 Honda Civic LX lease. Can anyone please tell me if the following terms of the deal are good?

Capitalized Cost

Agreed upon value ($18085.88)
Capitalized cost reduction: $390.68
Adjusted capitalized cost: $19300.15
Resident value: $11864.90
Base monthly: $215.88; w/tax: $230.99
Acquisition Fee: $595
Dealer fee: $699.95
Total due at lease (down payment):$1000
36 months/12k miles


Much appreciated!
-R

$699 dealer fee? Are you in Florida?

What is the MSRP?

raylight152

Hi kyfdx. Yes, I am in FL. MSRP is $20,110. Thank you for your expertise!

kyfdx

raylight152 said:

Hi kyfdx. Yes, I am in FL. MSRP is $20,110. Thank you for your expertise!

The calculations are correct for the MSRP and CAP cost given..

It's water under the bridge now, but considering the $1200 in incentives on this model and that whopping $700 dealer fee, I would have wanted a bigger discount...

Still.. a nice car for not a lot of money.

raylight152

Do you think I could have done $0 down payment and $230 a month? to add,my credit is in the top tier (740)

jmulherin

You guys were a great help, thank you so much! This is where I ended up:

2015 Honda Civic Si Sedan / Regular Tires / No Navi
MSRP $23910.00
Less Discount $3500.00
Plus Admin Fee $599.00
Plus Tag/Title $34.00
Plus Acquisition $599.00 (Turns out they were being straight about the MF before, I had forgotten to add this in)
Plus 5% Sales Tax

Lease offer based on the above w/ top tier credit:
$0.00 due at signing, 35 payments of $226.65 thereafter
12,000 miles/year
Residual $14346.00

Even if this isn't a rock-bottom deal, I'm happy with it; and it is bright-freaking orange. Sweet.

Thanks again!

Michaell

jmulherin said:

You guys were a great help, thank you so much! This is where I ended up:

2015 Honda Civic Si Sedan / Regular Tires / No Navi
MSRP $23910.00
Less Discount $3500.00
Plus Admin Fee $599.00
Plus Tag/Title $34.00
Plus Acquisition $599.00 (Turns out they were being straight about the MF before, I had forgotten to add this in)
Plus 5% Sales Tax

Lease offer based on the above w/ top tier credit:
$0.00 due at signing, 35 payments of $226.65 thereafter
12,000 miles/year
Residual $14346.00

Even if this isn't a rock-bottom deal, I'm happy with it; and it is bright-freaking orange. Sweet.

Thanks again!

That's a pretty great price for a nice car. Hope the same deals exist when my current lease is up next year.

jmulherin

The dealer I worked with has been great so far; really above board. They tried to make a reasonable profit off the line (which is their job after all), and took negotiating well (which I couldn't have done without your help!)

I know this isn't the place to advertise by any means, but if anyone in the northeast needs a friendly, reasonable Honda dealer, I'd be happy to share contact information privately. I was very happy with how I was treated.

Thanks again!

Michaell

jmulherin said:

The dealer I worked with has been great so far; really above board. They tried to make a reasonable profit off the line (which is their job after all), and took negotiating well (which I couldn't have done without your help!)

I know this isn't the place to advertise by any means, but if anyone in the northeast needs a friendly, reasonable Honda dealer, I'd be happy to share contact information privately. I was very happy with how I was treated.

Thanks again!

No problem mentioning the dealer and salesman name here in the forum - just no contact information, please.

jmulherin

Noted. Thanks for letting me know!

raylight152

What was your down payment, jmulherin?

jmulherin

Nothing. $0 due at signing and 35 payments of $226.65 thereafter, including sales tax. Total cost for 36 months: $7932.75.

raylight152

Thats a fantastic deal jmulherin. You should be my representative next time I negotiate a lease I leased an LX for $1000 down, $230 a month including sales tax. Lesson learned!

tar4

What do you think? Lease is for a Civic Coupe Exl-Nav in CA. I have 840 credit. "Monthly payment of $249 includes taxes, $703 due on approved credit. Includes 2 years of maintenance FREE - (3 oil changes and 2 tire rotations)"

kyfdx

tar4 said:

What do you think? Lease is for a Civic Coupe Exl-Nav in CA. I have 840 credit. "Monthly payment of $249 includes taxes, $703 due on approved credit. Includes 2 years of maintenance FREE - (3 oil changes and 2 tire rotations)"

.00030 MF and 52% residual. $1450 lease cash.

I'd love to see a breakdown of the CAP cost, because that's cheaper than the calculations, which is surprising.

I think you can get a better deal on an SI coupe, but those might be stickshift only?

jmulherin

raylight152 said:

Thats a fantastic deal jmulherin. You should be my representative next time I negotiate a lease I leased an LX for $1000 down, $230 a month including sales tax. Lesson learned!

That's still not bad. It's a good price for a good car. Knowing Honda resale values, you may very well be able to sell yours at the end of the lease and recoup a portion of your money, or even dive out of the lease early if you really want something different. You can do WAY worse than a sub $250 payment with only a grand down, no matter what you drive.

Enjoy your car!

tar4

kyfdx said:

tar4 said:

What do you think? Lease is for a Civic Coupe Exl-Nav in CA. I have 840 credit. "Monthly payment of $249 includes taxes, $703 due on approved credit. Includes 2 years of maintenance FREE - (3 oil changes and 2 tire rotations)"

.00030 MF and 52% residual. $1450 lease cash.

I'd love to see a breakdown of the CAP cost, because that's cheaper than the calculations, which is surprising.

I think you can get a better deal on an SI coupe, but those might be stickshift only?

@kyfdx here is the revised breakdown with cap cost. Unfortunately, the bottom numbers are cut off Btw, I can only drive auto...trust me!

kyfdx

As in the other quote for the Accord, they are now showing you every number. Looks like a good quote.. Pick the one you like the best.

tlabarbera

Hi Kyfdx,

I was hoping to find out the money factor and residual for a Civic EX-L, 36month lease for 10K and 12K miles?

Thanks for your help!

Michaell

tlabarbera said:

Hi Kyfdx, I was hoping to find out the money factor and residual for a Civic EX-L, 36month lease for 10K and 12K miles? Thanks for your help!

57% for 36/12. No 10k leases for Honda. 

What at state is this? There are two regions, each with a different MF. 

isellhondas

This may be a old age Civic they are stuck with so they are willing to take a hit.

It's a coupe....not good sellers at all compared to sedans.

It's an EX with leather....really a car few people want.

It has NAVI...Since most smart phones have this they are even less popular than in the past.

So, yes, it this car fits the bill, I would jump ALL OVER it!

Another thing to consider is the fact since the 2016's are almost due to arrive, the residuals on the 2015's
will continue to drop.

That Civic is a car few stores would order. Hopefully they really have one in stock!

tar4

isellhondas said:

This may be a old age Civic they are stuck with so they are willing to take a hit.

It's a coupe....not good sellers at all compared to sedans.

It's an EX with leather....really a car few people want.

It has NAVI...Since most smart phones have this they are even less popular than in the past.

So, yes, it this car fits the bill, I would jump ALL OVER it!

Another thing to consider is the fact since the 2016's are almost due to arrive, the residuals on the 2015's
will continue to drop.

That Civic is a car few stores would order. Hopefully they really have one in stock!

@isellhondas it's a 2015 so I was hoping for a great lease at $248 mo vs 2016 price (can I do better?). I'm not into leather, just want XM radio and I believe the Navi is the only one that has it. Here is the bottom half of the statement I received today (I'm not sure why they can't give me the whole statement, it's very confusing to me). Sorry for the the last two, I can't seem to delete them.