2016 Honda Civic Lease Questions

bammargera3176

Hello - I just leased a honda civic LX for 195/month. with tax it is around 209/month. Someone in my family was saying that leasing a brand new car is a bad idea because I will be paying around 1500 a year on excise tax. Is this true? I thought that the sales tax was around 6.25% for MA, but I'm not really sure where excise tax comes in. is that paid to the government at the end of the year?

Also - when I was signing the papers for my lease, the guys at honda were trying to sell me stuff to add onto my monthly payments such as honda lease insurance or whatever. I assume all of that is crap and that I shouldnt have gotten it? They were very pushy for it but I kept saying no.

Michaell

bammargera3176 said:

Hello - I just leased a honda civic LX for 195/month. with tax it is around 209/month. Someone in my family was saying that leasing a brand new car is a bad idea because I will be paying around 1500 a year on excise tax. Is this true? I thought that the sales tax was around 6.25% for MA, but I'm not really sure where excise tax comes in. is that paid to the government at the end of the year?

Also - when I was signing the papers for my lease, the guys at honda were trying to sell me stuff to add onto my monthly payments such as honda lease insurance or whatever. I assume all of that is crap and that I shouldnt have gotten it? They were very pushy for it but I kept saying no.

I don't know if MA has a personal property tax; I know I do in Colorado, and it's paid with the registration annually.

owoah323

keyjey said:

So I have got another quote from dealer here NorCal which is I think is good. Let me know how it is. I haven't been able to find anything better than this.

Thank you so much for sharing your leasing experience with us Keyjey. It really helped me understand what to expect when I begin the process. Really appreciated.

May I please have the MF and RV for both 12k/36mo & 15k/36mo on the Touring? I reside in SoCal. Not looking to pull the trigger yet, just curious to see the change in numbers once September rolls around.

Also, I've noticed that one major recommendation is to not apply a payment on the cap cost. Would paying upfront the title, doc, acquisition, and/or tax fees be advisable to lower the payment?

Thanks!

ryanshere22324

My local dealer has a "sign and drive" special.

2016 Honda LX CVT. MSRP 20275

$185 Monthly

36, 12.

excludes tax, license, title fees, registration, documentation fees.

1) @ 7% tax I should be at around $200/mnth plus $600 at signing (doc,registration) according to my math? Does that sound right?

2) Is this a good deal?

Thanks guys.

kyfdx

owoah323 said:

keyjey said:

So I have got another quote from dealer here NorCal which is I think is good. Let me know how it is. I haven't been able to find anything better than this.

Thank you so much for sharing your leasing experience with us Keyjey. It really helped me understand what to expect when I begin the process. Really appreciated.

May I please have the MF and RV for both 12k/36mo & 15k/36mo on the Touring? I reside in SoCal. Not looking to pull the trigger yet, just curious to see the change in numbers once September rolls around.

Also, I've noticed that one major recommendation is to not apply a payment on the cap cost. Would paying upfront the title, doc, acquisition, and/or tax fees be advisable to lower the payment?

Thanks!

.00083 MF and 57%/55% residual.

You want to pay the non-taxable fees upfront, so they don't get taxed within the monthly payment. But, acquisition fees are taxable, either way, so roll those in.

So, first payment, title/registration fees upfront, everything else rolled into the CAP cost.

kyfdx

ryanshere22324 said:

My local dealer has a "sign and drive" special.

2016 Honda LX CVT. MSRP 20275

$185 Monthly

36, 12.

excludes tax, license, title fees, registration, documentation fees.

1) @ 7% tax I should be at around $200/mnth plus $600 at signing (doc,registration) according to my math? Does that sound right?

2) Is this a good deal?

Thanks guys.

Yes, it's a good deal, if the acquisition fee is included.
What state is this?

nimeshparikh

Could you please provide MF and residual for the Honda Civic sedan EX with honda sensing 36 month/12k in NJ

Michaell

nimeshparikh said:

Could you please provide MF and residual for the Honda Civic sedan EX with honda sensing 36 month/12k in NJ

.00070 and 60%

ruaaas4

Could you please provide MF, residual & incentives for the Honda Civic sedan EX with and without sensing. 36 month/10k & 12K in Birmingham AL

Michaell

ruaaas4 said:

Could you please provide MF, residual & incentives for the Honda Civic sedan EX with and without sensing. 36 month/10k & 12K in Birmingham AL

Honda does not offer 10K lease terms.

36/12 - .00070 and 62% (EX) or 60% (EX w/ Sensing)

mike_aaa

Having trouble locating a white civic ex sedan with sensing in my area (ny,Nj). Could you post the numbers for an ExT with sensing 36/12. Thanks

Michaell

mike_aaa said:

Having trouble locating a white civic ex sedan with sensing in my area (ny,Nj). Could you post the numbers for an ExT with sensing 36/12. Thanks

Same MF, 60% residual.

dagsy

Hi, can you help me with the quote they gave me?
Here is the lease details on the Civic LX Sedan.

Cap Cost = $20,454.13
Residual Value = $12570.50
Money Factor = .00070

and there's this:

PURCHASE OPTION
Vehicle Price: $20,275.00
Savings: - $1,873.00
Price: $18,402.00

Sales Tax (estimate): + $1,534.34
Tag/Registration Fees (estimate): + $101.00
Title Fee: + $95.00
Other: + $15.00
Documentation Fee: + $169.27
Electronic Filing: + $25.00
Balance Due (estimate): $20,341.61


LEASE OPTIONS
Cash Due 36 months
12,000 Miles
$0 $243
$500 $226
$1,000 $210

seems high for a base model

thanks

dagsy

dagsy said:

Hi, can you help me with the quote they gave me?
Here is the lease details on the Civic LX Sedan.

Cap Cost = $20,454.13
Residual Value = $12570.50
Money Factor = .00070

and there's this:

PURCHASE OPTION
Vehicle Price: $20,275.00
Savings: - $1,873.00
Price: $18,402.00

Sales Tax (estimate): + $1,534.34
Tag/Registration Fees (estimate): + $101.00
Title Fee: + $95.00
Other: + $15.00
Documentation Fee: + $169.27
Electronic Filing: + $25.00
Balance Due (estimate): $20,341.61


LEASE OPTIONS
Cash Due 36 months
12,000 Miles
$0 $243
$500 $226
$1,000 $210

seems high for a base model

thanks

oops forgot, Chicago suburbs area
thanks

Michaell

dagsy said:

dagsy said:

Hi, can you help me with the quote they gave me?
Here is the lease details on the Civic LX Sedan.

Cap Cost = $20,454.13
Residual Value = $12570.50
Money Factor = .00070

and there's this:

PURCHASE OPTION
Vehicle Price: $20,275.00
Savings: - $1,873.00
Price: $18,402.00

Sales Tax (estimate): + $1,534.34
Tag/Registration Fees (estimate): + $101.00
Title Fee: + $95.00
Other: + $15.00
Documentation Fee: + $169.27
Electronic Filing: + $25.00
Balance Due (estimate): $20,341.61


LEASE OPTIONS
Cash Due 36 months
12,000 Miles
$0 $243
$500 $226
$1,000 $210

seems high for a base model

thanks

oops forgot, Chicago suburbs area
thanks

36/12 lease numbers on the Civic LX are .00070 and 62%.

With the MSRP and Balance Due prices, I get $239/mo, assuming $0 down. Rolling in the taxes and fees is adding almost $54/mo to your payment, before the rent charge is applied. If you pay the $1900 or so up front, your payment will be a lot smaller ($184/mo).

this1neguy

Looking at a modern steel metallic EX in suburb area of Flint, MI. Priced at $20,389. Got two offers for a 36/12: $1000 with $240/mo or 0 down $270/mo. Haven't tried to negotiate on them as of yet; any estimate of what I should be aiming to get them down to?

kyfdx

this1neguy said:

Looking at a modern steel metallic EX in suburb area of Flint, MI. Priced at $20,389. Got two offers for a 36/12: $1000 with $240/mo or 0 down $270/mo. Haven't tried to negotiate on them as of yet; any estimate of what I should be aiming to get them down to?

What is the MSRP?

this1neguy

kyfdx said:

What is the MSRP?

I knew I was forgetting something! Sorry. It's listed on their site at $21,875 MSRP with an "our price" at $20,389.

Michaell

this1neguy said:

kyfdx said:

What is the MSRP?

I knew I was forgetting something! Sorry. It's listed on their site at $21,875 MSRP with an "our price" at $20,389.

.00070 and 62% for 36/12 on the EX. With your prices, I get $213/mo before tax.

What is the adjusted cap cost? If higher than the "our price" price, find out what been added.

this1neguy

Michaell said:

.00070 and 62% for 36/12 on the EX. With your prices, I get $213/mo before tax.

What is the adjusted cap cost? If higher than the "our price" price, find out what been added.

Is that with 0 down? Just curious because I talked to another dealer that said even 230/mo 0 down was far below what they could possibly offer (not taking that at face value or anything, just thinking about it for negotiating purposes).

Michaell

this1neguy said:

Michaell said:

.00070 and 62% for 36/12 on the EX. With your prices, I get $213/mo before tax.

What is the adjusted cap cost? If higher than the "our price" price, find out what been added.

Is that with 0 down? Just curious because I talked to another dealer that said even 230/mo 0 down was far below what they could possibly offer (not taking that at face value or anything, just thinking about it for negotiating purposes).

I simply used the numbers provided. My guess is that the adjusted cap cost is higher than the selling price to account for taxes and fees that are being rolled into the payment.

bnguyen1991

What's the numbers for 36/15k for a Civic EX in So Cal?

Michaell

bnguyen1991 said:

What's the numbers for 36/15k for a Civic EX in So Cal?

.00070 and 60%

armhonda

What's the numbers for 36/12k for a Civic EX-T in So Cal? Thanks.

Michaell

armhonda said:

What's the numbers for 36/12k for a Civic EX-T in So Cal? Thanks.

.00070 and 62% (w/o Sensing)

ykp1234

Any idea of when the current program/numbers will change and, if so, what they will be?

kyfdx

ykp1234 said:

Any idea of when the current program/numbers will change and, if so, what they will be?

The new program starts on 09/07. No idea what the new numbers will look like.

armhonda

Michaell said:

armhonda said:

What's the numbers for 36/12k for a Civic EX-T in So Cal? Thanks.

.00070 and 62% (w/o Sensing)

Thanks. What about EX-L?

civicext

Hello, may I have the following lease numbers

Ohio
Civic EX-T w/sensing (MSRP 24,035)
24 mo, 36 mo
12K and 15K

Thank you for your help.

kyfdx

armhonda said:

Michaell said:

armhonda said:

What's the numbers for 36/12k for a Civic EX-T in So Cal? Thanks.

.00070 and 62% (w/o Sensing)

Thanks. What about EX-L?

60% residual

kyfdx

civicext said:

Hello, may I have the following lease numbers

Ohio
Civic EX-T w/sensing (MSRP 24,035)
24 mo, 36 mo
12K and 15K

Thank you for your help.

.00070 MF

66%/65% residual for 24 months
60%/58% residual for 36 months

jimmyburke

Hi, this forum has been a great help! I was wondering if anyone had the MF and residual from a Civic LX CVT with sensing in SoCal.

Thanks much!

jimmyburke

jimmyburke said:

Hi, this forum has been a great help! I was wondering if anyone had the MF and residual from a Civic LX CVT with sensing in SoCal.

Thanks much!

And I should add, this is for the sedan.

Michaell

jimmyburke said:

jimmyburke said:

Hi, this forum has been a great help! I was wondering if anyone had the MF and residual from a Civic LX CVT with sensing in SoCal.

Thanks much!

And I should add, this is for the sedan.

What lease term and how many miles per year?

MF is .00070

armhonda

I been offered to lease 2016 Civic EX-T (w/o sensing), 36/12K, for 20000$ + fee, and taxes 0.0007% money factor and 62% residual. Wonder if Its a good deal for SoCal (Los Angeles) ?
Thanks.

tj11119

I think that is a solid deal for socal.

ykp1234

Numbers on EX-L and EX-L with Sensing, please?

jimmyburke

Michaell said:

jimmyburke said:

jimmyburke said:

Hi, this forum has been a great help! I was wondering if anyone had the MF and residual from a Civic LX CVT with sensing in SoCal.

Thanks much!

And I should add, this is for the sedan.

What lease term and how many miles per year?

MF is .00070

Thanks for the info, length is 36 months, mileage is 12k.

Thanks again!

armhonda

Just an quick update,got the car today, after hours of negotiation 20637$ for EXT with bunch of dealer add on accessories. 62% residual and 0.0007 money factor, 1200$ down payment lease 219$ tax include(in SoCal). Thanks for help!

Michaell

armhonda said:

Just an quick update,got the car today, after hours of negotiation 20637$ for EXT with bunch of dealer add on accessories. 62% residual and 0.0007 money factor, 1200$ down payment lease 219$ tax include(in SoCal). Thanks for help!

Congrats! Enjoy the new Civic.

dangerousbri

Looking for 2016 EX-T coupe numbers residuals. MF is .0007? If they are the same as the 4 door sorry for asking again.

Southern California

2/24
2/30
3/36
3/45

kyfdx

dangerousbri said:

Looking for 2016 EX-T coupe numbers residuals. MF is .0007? If they are the same as the 4 door sorry for asking again.

Southern California

2/24
2/30
3/36
3/45

.00070 MF

66%/65%
60%/58%

mikenj1109

Morning, everyone. I am new to this site, and the forums, so if my question is best answered in another area I'd appreciate if you could steer me in the right direction.

My current 2013 Civic EX lease is almost up, and I've been talking to several dealers about leasing a new 2016 Civic EX-T. While I have the purchase price negotiated already, I need some idea of the Money Factor and assumed Residual Value to determine my monthly payment, which the dealership won't give me until I'm actually there to do the paperwork. And yes, I understand credit score plays a key role, but my score with each of the three reporting agencies is 784 or better, which I understand would be "Tier 1" with most (all?) dealers.

Specifically, the car I'm leasing is a 2016 Civic EX-T, 36 months, 12,000 miles per year.

Thank you in advance,

Michaell

mikenj1109 said:

Morning, everyone. I am new to this site, and the forums, so if my question is best answered in another area I'd appreciate if you could steer me in the right direction.

My current 2013 Civic EX lease is almost up, and I've been talking to several dealers about leasing a new 2016 Civic EX-T. While I have the purchase price negotiated already, I need some idea of the Money Factor and assumed Residual Value to determine my monthly payment, which the dealership won't give me until I'm actually there to do the paperwork. And yes, I understand credit score plays a key role, but my score with each of the three reporting agencies is 784 or better, which I understand would be "Tier 1" with most (all?) dealers.

Specifically, the car I'm leasing is a 2016 Civic EX-T, 36 months, 12,000 miles per year.

Thank you in advance,

.00070 and 62% for 36/12.

A 784 score will get you that base MF I just quoted.

bimer320

hi would like to know 2016 civic LX 6 speed MF Res 24m 12k 36m12k tnx location long beach,CA

Michaell

bimer320 said:

hi would like to know 2016 civic LX 6 speed MF Res 24m 12k 36m12k tnx location long beach,CA

68% or 62% and .00070

bimer320

Ok MT 6 speed are way too many shifts on the 405... forget it
can you please provide mf and res for EX-L w/o sensing 36m 12k
tnx.

Michaell

bimer320 said:

Ok MT 6 speed are way too many shifts on the 405... forget it
can you please provide mf and res for EX-L w/o sensing 36m 12k
tnx.

Same MF of .00070 but 36/12 residual drops to 60%

omyangela

Hello,
I am also new to this forum but have been following the posts. I am going to lease a 2016 Honda Civic EX-L, 12k, 36mo, for $232/mo including all fees, registration, tax, etc. This is in winter haven, FL. I have 750+ credit and I will just pay $232 and be able to drive out. Is this a good deal?

Michaell

omyangela said:

Hello,
I am also new to this forum but have been following the posts. I am going to lease a 2016 Honda Civic EX-L, 12k, 36mo, for $232/mo including all fees, registration, tax, etc. This is in winter haven, FL. I have 750+ credit and I will just pay $232 and be able to drive out. Is this a good deal?

.00070 and 60% for EX-L 36/12

We would need to know the MSRP and adjusted cap cost (selling price plus fees) in order to model the payment.

But, without knowing the details, $232/mo does look strong. I leased a VW Jetta SE last weekend for $233/mo with everything included, and that included some costs rolled over from my old lease.