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2016 Honda Civic Lease Questions

lyndeanlyndean Member Posts: 17
edited November 2015 in Honda
OK, the new Civic has been available for a week or so now. Time to start posting some numbers. Looking at an LX or EX in Texas, 36 months and 12,000 miles a year. I think I've seen the residual should be 65%.

I know Honda isn't going to do any incentives on a brand new car, but any chance next months numbers will be any better than they are now? My current lease is up at the end of December, so I'm probably not going to be able to wait for the incentives to start showing up.
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  • kyfdxkyfdx Moderator Posts: 235,188
    lyndean said:

    OK, the new Civic has been available for a week or so now. Time to start posting some numbers. Looking at an LX or EX in Texas, 36 months and 12,000 miles a year. I think I've seen the residual should be 65%.

    I know Honda isn't going to do any incentives on a brand new car, but any chance next months numbers will be any better than they are now? My current lease is up at the end of December, so I'm probably not going to be able to wait for the incentives to start showing up.

    We don't have any numbers for the 2016 Civic. Sorry.

    The current program for all other models is scheduled to run through the end of the year, so seems unlikely they would add incentives or improvements in December (but not impossible).

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  • abstract724abstract724 Member Posts: 2
    Not sure if links are allowed here, but this might be of interest:

    http://www.civicx.com/threads/2016-honda-civic-sedan-lease-residual-values-as-of-11-12-15.665/
  • MichaellMichaell Moderator Posts: 240,063

    Not sure if links are allowed here, but this might be of interest:

    http://www.civicx.com/threads/2016-honda-civic-sedan-lease-residual-values-as-of-11-12-15.665/

    Links are allowed - thanks for providing this information!

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  • lyndeanlyndean Member Posts: 17
    edited November 2015

    Not sure if links are allowed here, but this might be of interest:

    http://www.civicx.com/threads/2016-honda-civic-sedan-lease-residual-values-as-of-11-12-15.665/


    That's where I saw the 65% residual. I called a dealer and verified it. They also said they were surprised that the 39 month lease has the same residual and were positive that would end after the end of December.
  • MichaellMichaell Moderator Posts: 240,063
    lyndean said:

    Not sure if links are allowed here, but this might be of interest:

    http://www.civicx.com/threads/2016-honda-civic-sedan-lease-residual-values-as-of-11-12-15.665/


    That's where I saw the 65% residual. I called a dealer and verified it. They also said they were surprised that the 39 month lease has the same residual and were positive that would end after the end of December.
    Honda will do this from time to time --- make the 39 month residual the same as the 36 month residual.

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  • properdavidproperdavid Member Posts: 7
    Does anyone know if MFs from 2015 model are still relevant? Trying to get an idea of what to expect when I go in and talk numbers tomorrow. SoCal specifically.
  • kyfdxkyfdx Moderator Posts: 235,188

    Does anyone know if MFs from 2015 model are still relevant? Trying to get an idea of what to expect when I go in and talk numbers tomorrow. SoCal specifically.

    .00022 MF, with $1200 or $1450 lease cash, depending on sedan/coupe and trim.

    Which one?

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  • properdavidproperdavid Member Posts: 7
    kyfdx said:

    Does anyone know if MFs from 2015 model are still relevant? Trying to get an idea of what to expect when I go in and talk numbers tomorrow. SoCal specifically.

    .00022 MF, with $1200 or $1450 lease cash, depending on sedan/coupe and trim.

    Which one?
    Sorry, I should have been more specific. I am looking to lease a 2016 Touring and I'm wondering if MFs for 2015 and 2016 models are similar or if the MF is model year dependent.
  • MichaellMichaell Moderator Posts: 240,063

    kyfdx said:

    Does anyone know if MFs from 2015 model are still relevant? Trying to get an idea of what to expect when I go in and talk numbers tomorrow. SoCal specifically.

    .00022 MF, with $1200 or $1450 lease cash, depending on sedan/coupe and trim.

    Which one?
    Sorry, I should have been more specific. I am looking to lease a 2016 Touring and I'm wondering if MFs for 2015 and 2016 models are similar or if the MF is model year dependent.
    2016 Touring is 58% for 36/15 and probably a .00165 MF (standard Honda rate).

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  • properdavidproperdavid Member Posts: 7
    Michaell said:

    kyfdx said:

    Does anyone know if MFs from 2015 model are still relevant? Trying to get an idea of what to expect when I go in and talk numbers tomorrow. SoCal specifically.

    .00022 MF, with $1200 or $1450 lease cash, depending on sedan/coupe and trim.

    Which one?
    Sorry, I should have been more specific. I am looking to lease a 2016 Touring and I'm wondering if MFs for 2015 and 2016 models are similar or if the MF is model year dependent.
    2016 Touring is 58% for 36/15 and probably a .00165 MF (standard Honda rate).
    Wow, that's a lot higher than some of the 2015 MFs. Will credit rating make a difference or is it higher simply because its a new model?
  • MichaellMichaell Moderator Posts: 240,063

    Michaell said:

    kyfdx said:

    Does anyone know if MFs from 2015 model are still relevant? Trying to get an idea of what to expect when I go in and talk numbers tomorrow. SoCal specifically.

    .00022 MF, with $1200 or $1450 lease cash, depending on sedan/coupe and trim.

    Which one?
    Sorry, I should have been more specific. I am looking to lease a 2016 Touring and I'm wondering if MFs for 2015 and 2016 models are similar or if the MF is model year dependent.
    2016 Touring is 58% for 36/15 and probably a .00165 MF (standard Honda rate).
    Wow, that's a lot higher than some of the 2015 MFs. Will credit rating make a difference or is it higher simply because its a new model?
    MF is higher because it's a new model. Many of the new Honda products are using that MF as well (HR-V, CR-V other than LX trim, Pilot).

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  • spartan85spartan85 Member Posts: 55
    What is MF and residual for 2015 Civic EX-L 12k/yr for 36 months? Same for 2016 if numbers out yet.
  • kyfdxkyfdx Moderator Posts: 235,188
    spartan85 said:

    What is MF and residual for 2015 Civic EX-L 12k/yr for 36 months? Same for 2016 if numbers out yet.

    Sedan?

    .00022 or .00072 MF, depending on state.

    54% residual for 36 or 39 months.

    $1250 lease cash + $200 bonus lease cash.

    No 2016 numbers

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  • spartan85spartan85 Member Posts: 55
    Yes sedan in FL.
  • MichaellMichaell Moderator Posts: 240,063
    spartan85 said:

    Yes sedan in FL.

    MF is .00022 in Florida.

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  • spartan85spartan85 Member Posts: 55
    Thank you!
  • roughrider119roughrider119 Member Posts: 20
    kyfdx said:


    .00022 or .00072 MF, depending on state.

    54% residual for 36 or 39 months.

    $1250 lease cash + $200 bonus lease cash.

    No 2016 numbers


    Where can I get more info on the lease cash and bonus lease cash? I'm not seeing it in the Edmunds Incentives & Rebates section.
  • kyfdxkyfdx Moderator Posts: 235,188

    kyfdx said:


    .00022 or .00072 MF, depending on state.

    54% residual for 36 or 39 months.

    $1250 lease cash + $200 bonus lease cash.

    No 2016 numbers


    Where can I get more info on the lease cash and bonus lease cash? I'm not seeing it in the Edmunds Incentives & Rebates section.
    It's a dealer incentive, so you won't see it anywhere.

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  • roughrider119roughrider119 Member Posts: 20
    kyfdx said:



    It's a dealer incentive, so you won't see it anywhere.

    Is it only for specific models and year or for all 2015 and 2016 Hondas? Thanks.
  • kyfdxkyfdx Moderator Posts: 235,188

    kyfdx said:



    It's a dealer incentive, so you won't see it anywhere.

    Is it only for specific models and year or for all 2015 and 2016 Hondas? Thanks.
    It's specific to model and year, just like all the other lease variables.

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  • andres1973andres1973 Member Posts: 4
    Hi,

    What is the best purchase deal I can get this month in Miami, FL., for a 2016 Honda Civic EX w/ auto Transmission?

    What if I pay in cash? How much lower could I go?
  • kyfdxkyfdx Moderator Posts: 235,188

    Hi,

    What is the best purchase deal I can get this month in Miami, FL., for a 2016 Honda Civic EX w/ auto Transmission?

    What if I pay in cash? How much lower could I go?

    We don't track prices.

    Other members are discussing 2016 Civic pricing, here:
    http://forums.edmunds.com/discussion/38322/honda/civic/2016-honda-civic-prices-paid-and-buying-experience#latest

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  • billbossbillboss Member Posts: 23
    May I please have 2016 Honda Civic Sedan EX-T MF and residual numbers? I'm in Illinois looking for 3yr/10k or 2yr/10k, whichever is cheaper. Also, any incentives? Thank You!
  • MichaellMichaell Moderator Posts: 240,063
    billboss said:

    May I please have 2016 Honda Civic Sedan EX-T MF and residual numbers? I'm in Illinois looking for 3yr/10k or 2yr/10k, whichever is cheaper. Also, any incentives? Thank You!

    No 2016 Civic lease numbers yet .. perhaps next month.

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  • kevin_bkevin_b Member Posts: 4
    is the residual calculated off the List Price? Or Sale Price?
  • MichaellMichaell Moderator Posts: 240,063
    kevin_b said:

    is the residual calculated off the List Price? Or Sale Price?

    Residual is calculated off the bottom line number of the window sticker (MSRP + options + destination).

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  • dardenpauldardenpaul Member Posts: 6
    Hello, does anyone happen to know the RV and MF for both EX and EX-L, with 36m/10k? Thank you so much!
  • kyfdxkyfdx Moderator Posts: 235,188

    Hello, does anyone happen to know the RV and MF for both EX and EX-L, with 36m/10k? Thank you so much!

    .00083 MF and 64%/62% residual for 36/12. (no 10K for Honda).

    Same numbers for 39/12

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  • jnachbarjnachbar Member Posts: 8
    Hello, looking for MF and Residual for Honda Civic Sedan LX 6MT, 36 month 15K/yr. Minnesota Dealers, WI resident...Thanks Really want a hatchback but will have to wait if that's what I do!
  • MichaellMichaell Moderator Posts: 240,063
    jnachbar said:

    Hello, looking for MF and Residual for Honda Civic Sedan LX 6MT, 36 month 15K/yr. Minnesota Dealers, WI resident...Thanks Really want a hatchback but will have to wait if that's what I do!

    62% and .00083

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  • erdoranerdoran Member Posts: 62
    What's most recent MF & residual for 2016 Civic LX for 36/36k, 39 mo/39k and 24/24? And how picky is Honda about credit? This is the same college student who is exploring Elantras at the same time - nothing really negative, and some deferred student loan debt shown on credit report as "paying on time". Thanks!
  • kyfdxkyfdx Moderator Posts: 235,188
    erdoran said:

    What's most recent MF & residual for 2016 Civic LX for 36/36k, 39 mo/39k and 24/24? And how picky is Honda about credit? This is the same college student who is exploring Elantras at the same time - nothing really negative, and some deferred student loan debt shown on credit report as "paying on time". Thanks!

    .00083 MF and 70%/64%/64% residual for 24/36/39 months.

    Every bank is picky about credit. Lower credit tiers result in higher money factors.

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  • erdoranerdoran Member Posts: 62
    Thanks!! Reason for asking is last weekend a family member with 640 FICO score got a Ford lease at promotional rate with $0 down, totally legit deal. It was a repeat lease and she has history with Ford, but I don't think her FICO for her first Ford lease was any better.
  • erdoranerdoran Member Posts: 62
    edited February 2016
    Thanks!! had asked about 70% then figured out it's a 2 yr lease.
  • adamt3adamt3 Member Posts: 14
    I am looking for the most recent lease rates in western PA for an EX and an EX-T- MF and Residual

    36/12 and 39/12
  • kyfdxkyfdx Moderator Posts: 235,188
    adamt3 said:

    I am looking for the most recent lease rates in western PA for an EX and an EX-T- MF and Residual

    36/12 and 39/12

    .00083 MF and 64% residual for all.

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  • qwazrqwazr Member Posts: 12
    I am looking for MF and Residuals for a 2016 Civic Sedan Touring for 36/10 and 12...plus 39/10 and 12. Many thanks!!!
  • MichaellMichaell Moderator Posts: 240,063
    qwazr said:

    I am looking for MF and Residuals for a 2016 Civic Sedan Touring for 36/10 and 12...plus 39/10 and 12. Many thanks!!!

    .00083 and 59% for both 36/12 and 39/12.

    Honda does not offer 10k leases.

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  • julio91julio91 Member Posts: 158
    Hello,

    whats the the money factor and residual for a 2016 Civic LX for 36/12 with excellent credit in the state of Florida. 
  • kyfdxkyfdx Moderator Posts: 235,188
    julio91 said:

    Hello,

    whats the the money factor and residual for a 2016 Civic LX for 36/12 with excellent credit in the state of Florida. 

    .00083 MF and 64% residual

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  • goldfishtxgoldfishtx Member Posts: 7
    Could you please give me MF and residuals for 36/12 and 36/15 leases on the ex-t and ex-l in Texas? 
  • MichaellMichaell Moderator Posts: 240,063

    Could you please give me MF and residuals for 36/12 and 36/15 leases on the ex-t and ex-l in Texas? 

    36/15 numbers - .00083 and 62% (EX-T) or 60% (EX-L). Add 2% for 12K

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  • tj11119tj11119 Guest, Member Posts: 136
    Any update on March's lease numbers for a 36/39 12k EX-L socal? thanks!
  • MichaellMichaell Moderator Posts: 240,063
    tijuana19 said:

    Any update on March's lease numbers for a 36/39 12k EX-L socal? thanks!

    .00083 and 62% or 60%

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  • 99gx99gx Member Posts: 133
    39k /12k civic touring March lease numbers?
    Thanks


  • MichaellMichaell Moderator Posts: 240,063
    99gx said:

    39k /12k civic touring March lease numbers?

    Thanks


    57% and .00083

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  • adamt3adamt3 Member Posts: 14
    Looking for updated lease rates - Pittsburgh, Pennsylvania
    EX and EX-T - 12k/36 and 12k/39
  • MichaellMichaell Moderator Posts: 240,063
    adamt3 said:

    Looking for updated lease rates - Pittsburgh, Pennsylvania
    EX and EX-T - 12k/36 and 12k/39

    36/12 numbers:

    .00083 and 64% for both trims. Subtract 2% for 39 months.

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  • pedhagandhampedhagandham Member Posts: 4
    I am getting 64% residual, 0.00083 Money factor with $237 monthly payment(incl taxes) for a 36 month/12k lease on Civic EX-T. Is it a good deal?
  • MichaellMichaell Moderator Posts: 240,063

    I am getting 64% residual, 0.00083 Money factor with $237 monthly payment(incl taxes) for a 36 month/12k lease on Civic EX-T. Is it a good deal?

    Would need to know the MSRP and adjusted capitalized cost to run the numbers.

    Also, what state and tax rate is this?

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