2016 Honda Civic Lease Questions

Michaell

leroybrown72 said:

Hello,

Trying to decide on the best value Civic.

Im in Texas, and pretty set on a 36 mo / 12k lease.

Could I please have the MF / Residual on these trims?

EX, EX-T, EX-L, and Touring?

The Touring is probably a long shot, but sometimes the math is funny and works out. Thanks!

.00083 and 64% (EX), 62% (EX-T), 62% (EX-L) or 59% (Touring)

nvd425

hi. what is the residual and MF on a 2016 civic touring in NJ? 36 months and 15000 miles per year.

mwfromva75_

Looking for residual and MF for EX-T, 36/12 in VA, please.

Thanks in advance!

Michaell

nvd425 said:

hi. what is the residual and MF on a 2016 civic touring in NJ? 36 months and 15000 miles per year.

.00087 and 57%

Michaell

mwfromva75_ said:

Looking for residual and MF for EX-T, 36/12 in VA, please.

Thanks in advance!

.00083 and 64%

mia_mk7

Wanted to know if this is a good deal got quoted on a 2016 civic touring. Msrp 27,355 
Sale price 24,969.70
                 Rv 59%
               MF .00083
             595 aquisition fee 
           299 first month down 
           plus tag 
          299 a month 

121212121

mia_mk7 said:

Wanted to know if this is a good deal got quoted on a 2016 civic touring. Msrp 27,355 
Sale price 24,969.70
                 Rv 59%
               MF .00083
             595 aquisition fee 
           299 first month down 
           plus tag 
          299 a month 


That seems really low. Does this payment include sales tax, or are putting that down as well?

mia_mk7

leroybrown72 said:

mia_mk7 said:

Wanted to know if this is a good deal got quoted on a 2016 civic touring. Msrp 27,355 
Sale price 24,969.70
                 Rv 59%
               MF .00083
             595 aquisition fee 
           299 first month down 
           plus tag 
          299 a month 


That seems really low. Does this payment include sales tax, or are putting that down as well?

I'm putting down the first month plus the aquisition fee and tag transfer. 1266

seek_lease

Based on previous posts, I think I know the answer, but would you please provide the MF, residual, and any incentives for a 2016 Civic EX?
36/12k
Kansas 66502

kyfdx

seek_lease said:

Based on previous posts, I think I know the answer, but would you please provide the MF, residual, and any incentives for a 2016 Civic EX?
36/12k
Kansas 66502

.00083 MF and 64% residual

bigdozer

Please post the current MF(assume top tier credit) and residual of a 2016 Civic touring.
In NJ if that makes any difference.
Thank you.

mia_mk7

bigdozer said:

Please post the current MF(assume top tier credit) and residual of a 2016 Civic touring. In NJ if that makes any difference. Thank you.

.00083 59%

kyfdx

bigdozer said:

Please post the current MF(assume top tier credit) and residual of a 2016 Civic touring.
In NJ if that makes any difference.
Thank you.

.00083 MF and 59% residual for 36 mo, 15K/yr

mia_mk7

kyfdx said:

Please post the current MF(assume top tier credit) and residual of a 2016 Civic touring. In NJ if that makes any difference. Thank you.

.00083 MF and 59% residual for 36 mo, 15K/yr

What will it be for touring 36/10k miles a year or 12k 

Michaell

mia_mk7 said:

kyfdx said:

bigdozer said:

Please post the current MF(assume top tier credit) and residual of a 2016 Civic touring.
In NJ if that makes any difference.
Thank you.

.00083 MF and 59% residual for 36 mo, 15K/yr

What will it be for touring 36/10k miles a year or 12k 

61% for 12K

Honda does not offer a 10K per year option

pelequero

I have a dealership offering me a lease on an EX-T for $240 per month with a term of 36/10,000 miles. However, from what I've read on this forum, Honda doesn't offer 10,000 mile leases. Any idea where the disconnect may be? Seems like a decent price (essentially invoice plus bank/acquisition fee of $595 and tax 8.625%).

Michaell

pelequero said:

I have a dealership offering me a lease on an EX-T for $240 per month with a term of 36/10,000 miles. However, from what I've read on this forum, Honda doesn't offer 10,000 mile leases. Any idea where the disconnect may be? Seems like a decent price (essentially invoice plus bank/acquisition fee of $595 and tax 8.625%).

If this is in the greater NYC area, 10K leases may be available. If so, add 1% to the 12K residual.

iluvmysephia1

Michaell - for some reason I'm getting e-mails from this thread that are wanting me to peek in on this thread. Do you know how to stop that from happening from here on out?

Michaell

iluvmysephia1 said:

Michaell - for some reason I'm getting e-mails from this thread that are wanting me to peek in on this thread. Do you know how to stop that from happening from here on out?

What do these emails look like?

kyfdx

iluvmysephia1 said:

Michaell - for some reason I'm getting e-mails from this thread that are wanting me to peek in on this thread. Do you know how to stop that from happening from here on out?

Check your settings on your home page?

flcardio

First time leasing and just got a couple offers on a Civic EX-L (w/ Navi) today. I'll post what they have listed on their offer sheet:

1st offer 36/12k, no $ down:
Selling price: 24,535 (Sticker price was 24,700)
Adjusted price: 22,815
Doc fee: 697
Trade allowance: 2000 (trading in old car)
Tax 57
Non-tax fees: 797 (not sure what this is?)
"net price: 22,483
MF 0.00083
Residual 16,438
$265/month

2nd Offer: 36/12k, $1500 down
Similar numbers: adjusted price 22,815
Doc fee 697
trade-in 2000
Tax 114
nontax fees 797
$220/month

For both of these I get significantly less monthly payment when I plug the same numbers into a calculator. Am I missing something or are they doing something funny with the numbers?

The MF and Residual weren't printed on the sheet, I had to ask a couple times to get specific numbers for those.

Michaell

flcardio said:

First time leasing and just got a couple offers on a Civic EX-L (w/ Navi) today. I'll post what they have listed on their offer sheet:

1st offer 36/12k, no $ down:
Selling price: 24,535 (Sticker price was 24,700)
Adjusted price: 22,815
Doc fee: 697
Trade allowance: 2000 (trading in old car)
Tax 57
Non-tax fees: 797 (not sure what this is?)
"net price: 22,483
MF 0.00083
Residual 16,438
$265/month

2nd Offer: 36/12k, $1500 down
Similar numbers: adjusted price 22,815
Doc fee 697
trade-in 2000
Tax 114
nontax fees 797
$220/month

For both of these I get significantly less monthly payment when I plug the same numbers into a calculator. Am I missing something or are they doing something funny with the numbers?

The MF and Residual weren't printed on the sheet, I had to ask a couple times to get specific numbers for those.

.00083 and 61% for 36/12 on EX-L with navi. How is the trade allowance of $2000 being applied?

What state and tax rate is this?

flcardio

Ah, sorry. Florida, tax 7%

That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.

On the worksheet here's all that is listed:

Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67

And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.

kyfdx

flcardio said:

Ah, sorry. Florida, tax 7%

That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.

On the worksheet here's all that is listed:

Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67

And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.

So... a $1700 discount, but with a $700 doc fee. lol

Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax.
Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction.
Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.

Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.

One note.. looks like $24535 is the MSRP, not the selling price.

flcardio

kyfdx said:

flcardio said:

Ah, sorry. Florida, tax 7%

That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.

On the worksheet here's all that is listed:

Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67

And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.

So... a $1700 discount, but with a $700 doc fee. lol

Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax.
Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction.
Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.

Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.

One note.. looks like $24535 is the MSRP, not the selling price.

This is what I'm sort of confused about and let me know if I'm doing this right.

As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)

Am I not doing it correctly?

Michaell

flcardio said:

kyfdx said:

flcardio said:

Ah, sorry. Florida, tax 7%

That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.

On the worksheet here's all that is listed:

Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67

And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.

So... a $1700 discount, but with a $700 doc fee. lol

Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax.
Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction.
Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.

Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.

One note.. looks like $24535 is the MSRP, not the selling price.

This is what I'm sort of confused about and let me know if I'm doing this right.

As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)

Am I not doing it correctly?

Not sure where the disconnect is .. with those numbers, I get $216/mo with tax included

flcardio

Michaell said:

flcardio said:

kyfdx said:

flcardio said:

Ah, sorry. Florida, tax 7%

That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.

On the worksheet here's all that is listed:

Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67

And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.

So... a $1700 discount, but with a $700 doc fee. lol

Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax.
Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction.
Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.

Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.

One note.. looks like $24535 is the MSRP, not the selling price.

This is what I'm sort of confused about and let me know if I'm doing this right.

As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)

Am I not doing it correctly?

Not sure where the disconnect is .. with those numbers, I get $216/mo with tax included

Yea I'm not sure either because now I'm calculating a payment more than what you are.....

So as of now we're calculating about 220-230 for a lease on an estimated cap cost of 22540 with the above residual and MF... and this is with nothing down and no trade in. Not bad in my eyes but still much lower than what they are quoting me as they are saying 220/month WITH my $2,000 trade-in AND $1500 cash down.

I guess obviously I should focus on negotiating the lowest CAP cost and then from there they should be taking that 2,000 of the CAP price so in that case would be bring monthly payments down to around $176 from what I calculated.

Michaell

flcardio said:

Michaell said:

flcardio said:

kyfdx said:

flcardio said:

Ah, sorry. Florida, tax 7%

That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.

On the worksheet here's all that is listed:

Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67

And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.

So... a $1700 discount, but with a $700 doc fee. lol

Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax.
Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction.
Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.

Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.

One note.. looks like $24535 is the MSRP, not the selling price.

This is what I'm sort of confused about and let me know if I'm doing this right.

As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)

Am I not doing it correctly?

Not sure where the disconnect is .. with those numbers, I get $216/mo with tax included

Yea I'm not sure either because now I'm calculating a payment more than what you are.....

So as of now we're calculating about 220-230 for a lease on an estimated cap cost of 22540 with the above residual and MF... and this is with nothing down and no trade in. Not bad in my eyes but still much lower than what they are quoting me as they are saying 220/month WITH my $2,000 trade-in AND $1500 cash down.

I guess obviously I should focus on negotiating the lowest CAP cost and then from there they should be taking that 2,000 of the CAP price so in that case would be bring monthly payments down to around $176 from what I calculated.

I would suggest that you get the dealer to cut you a check for the trade equity - not a good idea to use it as down payment. If the new car is stolen or totaled, you lose that money.

kyfdx

flcardio said:

kyfdx said:

flcardio said:

Ah, sorry. Florida, tax 7%

That's what I was trying to figure out about how the trade allowance being applied. I didn't spend a lot of time talking through stuff as I just went for a test drive and they threw a couple offers out.

On the worksheet here's all that is listed:

Selling price: 24,535
Discount 1,720
Adjusted price 22,815
Total purchase 22,815
Doc fee 697
Taxable fees (estimated) 117.5
Trade allowance 2,000
Trade difference 21,629
Tax 114.17
Nontax fees 797
Net price 22,540.67

And with that and 1500 down they quoted 220/month. Something doesn't add up though this stuff is not my forte and I have had to do a lot of reading/researching to just get to this point of having an idea of what to look at.

So... a $1700 discount, but with a $700 doc fee. lol

Anyway, if we use $22540 for the CAP cost, the payment comes to $241/mo.+tax.
Assuming all fees are in that price, then the $1500 is $220/1st payment + $1300 Cap cost reduction.
Subtracting the $1300 from that, gives an adjusted CAP cost of $21240.

Using that number, I get $204/mo. Add 7% tax, and it looks pretty close to your $220/mo.

One note.. looks like $24535 is the MSRP, not the selling price.

This is what I'm sort of confused about and let me know if I'm doing this right.

As an example I just ran it again, using a CAP of 22540, a doc fee of 697 (added to the CAP), 36 months, residual 16438, MF 0.00083, 7% sales tax (this is with no trade allowance or down payment) and I'm getting $237/month (that's with tax) ($188/mnth depreciation, $15/month tax, $32/month finance charged)

Am I not doing it correctly?

The doc fee is already part of that CAP cost.. Don't add it in, again.

In reality, you are putting about $3200 down, then $220/mo. That's kind of pricy for a Civic. Have you shopped other dealers, to see if they will beat it?

four4rings

Are there numbers available on the 2016 Civic Coupe?
Looking for Residual and MF on both EX-T & EX-L 36/12
Thank you!!

kyfdx

four4rings said:

Are there numbers available on the 2016 Civic Coupe?
Looking for Residual and MF on both EX-T & EX-L 36/12
Thank you!!

I don't see an EX-T model for the coupe.

EX : 62% residual
EX-L: 60% residual
Touring: 57% residual

I think the coupe uses the same .00083 MF as the sedan.

samy364

Are residual values regional?
Can you provide numbers for Civic Sedan EX-L with Nav for 36/12?

Thanks!

samy364

samy364 said:

Are residual values regional?
Can you provide numbers for Civic Sedan EX-L with Nav for 36/12?

Thanks!

Sorry forgot to mention it was for Souther California

Michaell

samy364 said:

samy364 said:

Are residual values regional?
Can you provide numbers for Civic Sedan EX-L with Nav for 36/12?

Thanks!

Sorry forgot to mention it was for Souther California

Honda numbers are national.

.00083 and 61%

samy364

Michaell said:

samy364 said:

samy364 said:

Are residual values regional?
Can you provide numbers for Civic Sedan EX-L with Nav for 36/12?

Thanks!

Sorry forgot to mention it was for Souther California

Honda numbers are national.

.00083 and 61%

Thanks again Michaell!!

markonline007

Hi,
I'm just confirming the money factor and residuals on a 2016 Honda Civic Ex with Sensing with 15K miles a year for 36 months. From what I gather in the posts, I'm figuring its .00083 and 60%, is that right?

kyfdx

markonline007 said:

Hi,
I'm just confirming the money factor and residuals on a 2016 Honda Civic Ex with Sensing with 15K miles a year for 36 months. From what I gather in the posts, I'm figuring its .00083 and 60%, is that right?

That is correct

MikeTN74

Hi Mods,

I'm totally confused as I read through this thread. I've been negotiating with local dealers for awhile and their numbers are not even remotely close to what you have listed here.

I am looking at an EX-L with Honda Sensing in Nashville, 36/12 lease, top tier credit. "Online Price" for the car is $24,271. Although I should be able to get a little better price than that. Tn Sales tax is 9.25%

Based on what I have been reading in this thread, I should be getting offers for 0 due at signing and well under $300/month. However, the best offer I have at this time is 0 due at signing and $344/month.

Can any of you help with laying out potential reasons why my quote is so much different than what anyone else is talking about? I have no trade in vehicle, so no negative equity to roll into the quote.

Help with information to approach the dealer with at the end of the month to get the payment down to a reasonable offer would be greatly appreciated!!

Thanks!

kyfdx

MikeTN74 said:

Hi Mods,

I'm totally confused as I read through this thread. I've been negotiating with local dealers for awhile and their numbers are not even remotely close to what you have listed here.

I am looking at an EX-L with Honda Sensing in Nashville, 36/12 lease, top tier credit. "Online Price" for the car is $24,271. Although I should be able to get a little better price than that. Tn Sales tax is 9.25%

Based on what I have been reading in this thread, I should be getting offers for 0 due at signing and well under $300/month. However, the best offer I have at this time is 0 due at signing and $344/month.

Can any of you help with laying out potential reasons why my quote is so much different than what anyone else is talking about? I have no trade in vehicle, so no negative equity to roll into the quote.

Help with information to approach the dealer with at the end of the month to get the payment down to a reasonable offer would be greatly appreciated!!

Thanks!

What is the MSRP?

MikeTN74

kyfdx said:

What is the MSRP?

There are no dealer add ons to the Vehicle so the MSRP is $24,700 + 835 destination = $25535

Sales price listed above includes Destination.

Thanks.

Michaell

MikeTN74 said:

kyfdx said:

What is the MSRP?

There are no dealer add ons to the Vehicle so the MSRP is $24,700 + 835 destination = $25535

Sales price listed above includes Destination.

Thanks.

60% and .00083. Using your MSRP and selling price, I get a payment of $308/mo with tax included.

mia_mk7

Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them? 

Michaell

mia_mk7 said:

Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them? 

36/12 RV for Civic Touring is 59%. Dealers cannot modify the residual value; they are set by the bank.

mia_mk7

Okay so they are correct then? There is no 60% for 12/36 it is only 59% so what will the RV be for 15/36

Michaell

mia_mk7 said:

Okay so they are correct then? There is no 60% for 12/36 it is only 59% so what will the RV be for 15/36

57% for 36/15

kyfdx

mia_mk7 said:

Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them? 

You've changed your model. In the first question, it was EX-L with sensing, now asking about Touring?

mia_mk7

kyfdx said:

Where can I see that actual RV from Honda? The three dealers I went to keep saying that the RV for touring is 59% for 12/36 months. But here what you guys are saying is 12/36 months should be 60% and 15/36 should be 59%. But how can I prove that to them? 

You've changed your model. In the first question, it was EX-L with sensing, now asking about Touring?

Nope I have always been asking about touring sorry if you miss understood or confused me. But we got it all cleared up now. Thanks Michaell

mia_mk7

Just looked back on April 19 that's where I got confused. It says touring 36 months 15k miles year for 59% .00083 

mia_mk7

kyfdx said:

Please post the current MF(assume top tier credit) and residual of a 2016 Civic touring. In NJ if that makes any difference. Thank you.

.00083 MF and 59% residual for 36 mo, 15K/yr

etonic13

looking for the numbers in NY

2016 EX-T Civic Sedan with sensing

36/10
36/12