2016 Honda Civic Lease Questions

mostancarbuyer

I would like to purchase a 2016 Touring Civic Sedan Black, black for a family member today.

I don't have to purchase it, no extreme circumstances. Today is just convenient and toward the end of the month.

I can pay cash, finance or lease.

I've gathered:

MSRP - $27,335
Selling price - $24,598 - $25,260
Mf- .000375
Residual - 60%
39/12

In Texas

Credit is no issue.

Lexus and Mercedes typically have had tax credits in the past. Does Honda?

Am I off on anything?

Thanks for the help.

kyfdx

mostancarbuyer said:

I would like to purchase a 2016 Touring Civic Sedan Black, black for a family member today.

I don't have to purchase it, no extreme circumstances. Today is just convenient and toward the end of the month.

I can pay cash, finance or lease.

I've gathered:

MSRP - $27,335
Selling price - $24,598 - $25,260
Mf- .000375
Residual - 60%
39/12

In Texas

Credit is no issue.

Lexus and Mercedes typically have had tax credits in the past. Does Honda?

Am I off on anything?

Thanks for the help.

None of those numbers are correct for Honda Finance.

.00070 MF and 57% residual for 36/12 (55% for 39/12)

No idea on Texas tax credits for Honda. Check with the dealer.

omyangela

So I thought the $232/mo was for an EX but I was wrong. Here is the breakdown for 2016 Honda Civic EX. Could someone tell me whether this is a good price? This is from Autonation Hollywood, in Hollywood, FL. All fees, tax, registration are rolled into the payment options shown below.

Vehicle Price $21,875.00
AutoNation Savings - $2,268.59
AutoNation Price $19,606.41
Wheel Locks + $149.00
Vehicle Selling Price $19,755.41

Sales Tax (estimate) + $1,233.64
Tire/Battery/MVWEA + $8.50
Tag/Registration Fees (estimate) + $498.75
Dealer Service Fee + $699.95
Customer Deposit Edit
Balance Due (estimate) $22,196.25

Cash Down 36 months
12,000 Miles
$998 $235
$1,500 $221
$2,000 $206

Thank you in advance!

hightemplar

I'm looking to get 2016 Civic Sedan EX CVT (no Honda Sensing).

Is the deal below a good deal?

How much do I have to put down if I want monthly payments to be around $180?

Vehicle price $19,918
Residual Value:$14,875
27 months 10k miles
Down Payment is $1,119 include 1st month payment, tag/reg. etc
Monthly payment $241.89
NYC Area

Michaell

omyangela said:

So I thought the $232/mo was for an EX but I was wrong. Here is the breakdown for 2016 Honda Civic EX. Could someone tell me whether this is a good price? This is from Autonation Hollywood, in Hollywood, FL. All fees, tax, registration are rolled into the payment options shown below.

Vehicle Price $21,875.00
AutoNation Savings - $2,268.59
AutoNation Price $19,606.41
Wheel Locks + $149.00
Vehicle Selling Price $19,755.41

Sales Tax (estimate) + $1,233.64
Tire/Battery/MVWEA + $8.50
Tag/Registration Fees (estimate) + $498.75
Dealer Service Fee + $699.95
Customer Deposit Edit
Balance Due (estimate) $22,196.25

Cash Down 36 months
12,000 Miles
$998 $235
$1,500 $221
$2,000 $206

Thank you in advance!

Boy, I just love AutoNation.

Sales tax on a lease in FL is calculated against the monthly payment, not against the selling price.

So, your "balance due" amount is wrong.

And, they don't reference the acquisition fee, which is mandatory.

36/12 on the EX is .00070 and 62%.

If I take out the sales tax from the deal, I get $230/mo plus tax, assuming you pay the first payment and acquisition fee up front.

Michaell

hightemplar said:

I'm looking to get 2016 Civic Sedan EX CVT (no Honda Sensing).

Is the deal below a good deal?

How much do I have to put down if I want monthly payments to be around $180?

Vehicle price $19,918
Residual Value:$14,875
27 months 10k miles
Down Payment is $1,119 include 1st month payment, tag/reg. etc
Monthly payment $241.89
NYC Area

What is the MSRP?

You don't want to put money down on a lease - that money would be lost if the car is stolen or totaled.

And, why 27 months? 36 months has a better payment.

hightemplar

MSRP is $21,875

There is a chance I may not remain at my current job. If that is the case, I would not need a car for such a long term.
I understand money down on a lease is a risk but I will take the chance because of my finances.

I'm aiming for $200 or $180 monthly payments.

Michaell said:

hightemplar said:

I'm looking to get 2016 Civic Sedan EX CVT (no Honda Sensing).

Is the deal below a good deal?

How much do I have to put down if I want monthly payments to be around $180?

Vehicle price $19,918
Residual Value:$14,875
27 months 10k miles
Down Payment is $1,119 include 1st month payment, tag/reg. etc
Monthly payment $241.89
NYC Area

What is the MSRP?

You don't want to put money down on a lease - that money would be lost if the car is stolen or totaled.

And, why 27 months? 36 months has a better payment.

jimmypl

I would like to get the residuals and money factor, looking at leasing a 2016 Civic Coupe LX-P, MSRP 21685, Cap Cost 19232 (discount plus $1k down). This is for New Hampshire. I have a calculator for leases. 36 months/ 12k miles per year. Top tier credit. Thanks!

kyfdx

jimmypl said:

I would like to get the residuals and money factor, looking at leasing a 2016 Civic Coupe LX-P, MSRP 21685, Cap Cost 19232 (discount plus $1k down). This is for New Hampshire. I have a calculator for leases. 36 months/ 12k miles per year. Top tier credit. Thanks!

.00070 MF and 60% residual

jimmypl

Thank you!

Is there an acquisition fee? My math isn't adding up yet except the sales guy did say that they did not yet quote me the best money factor, so that might be part of it.

kyfdx said:

jimmypl said:

I would like to get the residuals and money factor, looking at leasing a 2016 Civic Coupe LX-P, MSRP 21685, Cap Cost 19232 (discount plus $1k down). This is for New Hampshire. I have a calculator for leases. 36 months/ 12k miles per year. Top tier credit. Thanks!

.00070 MF and 60% residual

omyangela

Michaell said:

omyangela said:

So I thought the $232/mo was for an EX but I was wrong. Here is the breakdown for 2016 Honda Civic EX. Could someone tell me whether this is a good price? This is from Autonation Hollywood, in Hollywood, FL. All fees, tax, registration are rolled into the payment options shown below.

Vehicle Price $21,875.00
AutoNation Savings - $2,268.59
AutoNation Price $19,606.41
Wheel Locks + $149.00
Vehicle Selling Price $19,755.41

Sales Tax (estimate) + $1,233.64
Tire/Battery/MVWEA + $8.50
Tag/Registration Fees (estimate) + $498.75
Dealer Service Fee + $699.95
Customer Deposit Edit
Balance Due (estimate) $22,196.25

Cash Down 36 months
12,000 Miles
$998 $235
$1,500 $221
$2,000 $206

Thank you in advance!

Boy, I just love AutoNation.

Sales tax on a lease in FL is calculated against the monthly payment, not against the selling price.

So, your "balance due" amount is wrong.

And, they don't reference the acquisition fee, which is mandatory.

36/12 on the EX is .00070 and 62%.

If I take out the sales tax from the deal, I get $230/mo plus tax, assuming you pay the first payment and acquisition fee up front.

So let's say the acquisition fee $595. My first payment would be $595+$230 PLUS $230+$13.8(6% tax) for 35 months. Total I'd be paying is $9371.80

The deal I got is $998 first payment which include first month payment and $235/mo for 35 months. This price is everything rolled in. Total would be $9223.

Whether Autonation calculated it incorrectly or not as long as I end up paying $9223 total I think it is a great deal. Right??

GHTech

Hi!

I am looking for the MF and Residual for a Honda Civic Sedan with Honda Sensing. The lease will be for 36 months with 12K/year in So. Cal (91344). Are the numbers the same for the Sedan without the Honda Sensing?

Thanks!

kyfdx

jimmypl said:

Thank you!

Is there an acquisition fee? My math isn't adding up yet except the sales guy did say that they did not yet quote me the best money factor, so that might be part of it.

kyfdx said:

jimmypl said:

I would like to get the residuals and money factor, looking at leasing a 2016 Civic Coupe LX-P, MSRP 21685, Cap Cost 19232 (discount plus $1k down). This is for New Hampshire. I have a calculator for leases. 36 months/ 12k miles per year. Top tier credit. Thanks!

.00070 MF and 60% residual

$595 acquisition fee

kyfdx

GHTech said:

Hi!

I am looking for the MF and Residual for a Honda Civic Sedan with Honda Sensing. The lease will be for 36 months with 12K/year in So. Cal (91344). Are the numbers the same for the Sedan without the Honda Sensing?

Thanks!

Which trim? LX, EX, EX-T, EX-L?

GHTech

Hi kyfdx!

Honda Civic Sedan LX, and no Honda Sensing. Sorry about that.

GHTech

kyfdx

GHTech said:

Hi!

I am looking for the MF and Residual for a Honda Civic Sedan with Honda Sensing. The lease will be for 36 months with 12K/year in So. Cal (91344). Are the numbers the same for the Sedan without the Honda Sensing?

Thanks!

GHTech said:

Hi kyfdx!

Honda Civic Sedan LX, and no Honda Sensing. Sorry about that.

GHTech

.00070 MF and 62%/60% residual for nonsense/Sensing for the LX. 36/12.

GHTech

Thank you kyfdx.

omyangela

Okay so there wasn't a miscommunication with the 2016 Honda Civic EX as I originally thought. I would really appreciate it if someone could check these following numbers for me to see if I got a good deal in from Winter Haven, FL

Selling price $19,015
Residual 60%
MF 0.0007
Tax 7%

$235/mo for 35 months and $0 first payment. Everything including tax, new tag/registration, fees are rolled in. I will be paying a total of $8225 during the 36mo/12k lease.

Is this a good deal?

Also, will the price go down even more during labor day weekend? Thank you!

kyfdx

omyangela said:

Okay so there wasn't a miscommunication with the 2016 Honda Civic EX as I originally thought. I would really appreciate it if someone could check these following numbers for me to see if I got a good deal in from Winter Haven, FL

Selling price $19,015
Residual 60%
MF 0.0007
Tax 7%

$235/mo for 35 months and $0 first payment. Everything including tax, new tag/registration, fees are rolled in. I will be paying a total of $8225 during the 36mo/12k lease.

Is this a good deal?

Also, will the price go down even more during labor day weekend? Thank you!

Looks like a good deal.

No predictions what might happen over the weekend.

kittyclaw

May I get the MF and residual for a 2016 Honda Civic EX for 24/36 12k miles for upstate NY 12090. Do Honda dealerships do zero down? Can I get values for both with sensing and without? Thank you

hightemplar

I got another offer. Would this be a good deal for Civic EX-T?

MSRP $23,035
Vehicle price $21,697
Residual Value:$14,512.05
Net CAP cost $22,292
36 months 10k miles
Total Due at signing $1328.80
Monthly payment $241.87
NYC Area

kyfdx

kittyclaw said:

May I get the MF and residual for a 2016 Honda Civic EX for 24/36 12k miles for upstate NY 12090. Do Honda dealerships do zero down? Can I get values for both with sensing and without? Thank you

.00070 MF and 68%/62% residual.
Subtract 2% if equipped with Sensing.

kyfdx

hightemplar said:

I got another offer. Would this be a good deal for Civic EX-T?

MSRP $23,035
Vehicle price $21,697
Residual Value:$14,512.05
Net CAP cost $22,292
36 months 10k miles
Total Due at signing $1328.80
Monthly payment $241.87
NYC Area

The payment calculation is correct.
I assume the $595 acquisition fee is in the CAP cost.
What does the $1328.80 cover?

hightemplar

The $1328.80 covers 1st month, taxes, reg fee, title.

kyfdx said:

hightemplar said:

I got another offer. Would this be a good deal for Civic EX-T?

MSRP $23,035
Vehicle price $21,697
Residual Value:$14,512.05
Net CAP cost $22,292
36 months 10k miles
Total Due at signing $1328.80
Monthly payment $241.87
NYC Area

The payment calculation is correct.
I assume the $595 acquisition fee is in the CAP cost.
What does the $1328.80 cover?

kyfdx

hightemplar said:

The $1328.80 covers 1st month, taxes, reg fee, title.

kyfdx said:

hightemplar said:

I got another offer. Would this be a good deal for Civic EX-T?

MSRP $23,035
Vehicle price $21,697
Residual Value:$14,512.05
Net CAP cost $22,292
36 months 10k miles
Total Due at signing $1328.80
Monthly payment $241.87
NYC Area

The payment calculation is correct.
I assume the $595 acquisition fee is in the CAP cost.
What does the $1328.80 cover?

Looks good.

bammargera3176

So I leased a 2016 honda civic last month with MSRP 20,075. i got a deal for $210 with tax, which is for 15K/year. I realized that the 15K limit is actually way too much and i want to reduce it to 12k/year. Am i able to change this in the middle of the lease?

Also, how the heck did I get 210 with tax a month when I see everyone else getting 230-245? I didn't even negotiate, that was the first offer they gave me and i took it

gmanusmc

bammargera3176 said:

So I leased a 2016 honda civic last month with MSRP 20,075. i got a deal for $210 with tax, which is for 15K/year. I realized that the 15K limit is actually way too much and i want to reduce it to 12k/year. Am i able to change this in the middle of the lease?

Also, how the heck did I get 210 with tax a month when I see everyone else getting 230-245? I didn't even negotiate, that was the first offer they gave me and i took it

No - it's a legal agreement - you will not be able to change the terms in the middle of the term. With less miles, you might have some positive equity at the end of the lease.

bammargera3176

what does that mean? will i be able to get some money back then?

kyfdx

bammargera3176 said:

what does that mean? will i be able to get some money back then?

If you trade the car, you may be able to realize some equity.

But, you can't change the lease... just drive and enjoy.

scottsol

How does this deal strike you? This is on a 2016 Civic Touring in Los Angeles.

Michaell

scottsol said:

How does this deal strike you? This is on a 2016 Civic Touring in Los Angeles.

I'm within pennies of that payment. If you're comfortable with the discount from sticker, no reason not to pull the trigger.

sonstmmc

Hi,

I'm new to these forums so I'm not sure if I know what I'm talking about. I'm currently looking to lease a Honda Civic Sedan LX or EX. I live in the NYC area. How do I know I'm getting a good deal. I understand that usually people don't pay the MSRP price but that's about it. I want to lease either the LX or EX for 36 months with either 10,000 or 12,000 miles per year. Is it worth it to put a down payment on a car? I know it decreases monthly payments but is it possible to keep monthly payments low without a down payment? So many questions but some guidance would be appreciated.

Thanks

Michaell

sonstmmc said:

Hi,

I'm new to these forums so I'm not sure if I know what I'm talking about. I'm currently looking to lease a Honda Civic Sedan LX or EX. I live in the NYC area. How do I know I'm getting a good deal. I understand that usually people don't pay the MSRP price but that's about it. I want to lease either the LX or EX for 36 months with either 10,000 or 12,000 miles per year. Is it worth it to put a down payment on a car? I know it decreases monthly payments but is it possible to keep monthly payments low without a down payment? So many questions but some guidance would be appreciated.

Thanks

I would suggest you begin your research by looking at the articles at this link:

http://www.edmunds.com/car-leasing/

The current Honda lease numbers expire today, so unless you plan on making a deal, I'll hold off sharing the numbers until the new ones are available. Hopefully, later this week.

z8coupedriver

Hi Michael, by any chance, do you have RV and MF for Civic EX 36/12 post labor day sale? Thanks!

kapkanimd

I am not sure if the numbers change for different models, but I see people posting them so just in case; do you have the newest numbers for 24/36mo 12k mi for an EX-L (with and without nav if that makes a difference as well)? Any incentives for these as well? Thank you so much in advance.

kyfdx

We don't have the new Honda programs, yet. Hopefully, in the next couple of days.

roboman2

Does this make sense?
2016 Civic Ex MSRP $21,875 - negotiated $19,464
$2,000 down
residual 61% 36mths 12k
monthly payment $200
located in CT
when I plug the numbers into a lease calculator I get a lower monthly payment.

gmanusmc

roboman2 said:

Does this make sense?
2016 Civic Ex MSRP $21,875 - negotiated $19,464
$2,000 down
residual 61% 36mths 12k
monthly payment $200
located in CT
when I plug the numbers into a lease calculator I get a lower monthly payment.

Did you add in the 595 acquisition fee and any other dealer/govt fees that might apply?
Use the correct money factor?

Michaell

roboman2 said:

Does this make sense?
2016 Civic Ex MSRP $21,875 - negotiated $19,464
$2,000 down
residual 61% 36mths 12k
monthly payment $200
located in CT
when I plug the numbers into a lease calculator I get a lower monthly payment.

.00070 MF. Confirm the adjusted cap cost - if higher than the negotiated price, find out what's been added or not covered from the $2000 due at signing.

taxi_driver

MF/Residual for 36mo/15k on Civic Touring and Civic EX-L (with adjustments for trim levels) in Southern Cal please!

Potentially looking to lease with minimum drive-off, curious if this could be done around 3-400/mo.

dangerousbri

Have the numbers changed for September? Looking for res/mf on an EX-T coupe 3/36 and 3/45 in socal.


Also are there any new unpublished dealer incentives? Thanks!

Michaell

taxi_driver said:

MF/Residual for 36mo/15k on Civic Touring and Civic EX-L (with adjustments for trim levels) in Southern Cal please!

Potentially looking to lease with minimum drive-off, curious if this could be done around 3-400/mo.

.00070 and 54% Touring or 57% EX-L. $250 lease cash.

Michaell

dangerousbri said:

Have the numbers changed for September? Looking for res/mf on an EX-T coupe 3/36 and 3/45 in socal.

Also are there any new unpublished dealer incentives? Thanks!

.00070 MF

I don't see an EX-T trim level for the coupe

$250 lease cash

julio91

Good morning; may I have the mf and residual for 2016 and 2017 Honda Civic Ex (automatic/sedan)
In Miami, Florida for :
24 months /12k and 15k 
36 months / 12k and 15k 
As well as any incentives for each model year.

@kyfdx

@Michaell

Michaell

julio91 said:

Good morning; may I have the mf and residual for 2016 and 2017 Honda Civic se (automatic/sedan)
In Miami, Florida for :
24 months /12k and 15k 
36 months / 12k and 15k 
As well as any incentives for each model year.

@kyfdx

@Michaell

No SE trim level on 2016 Civc

2017 discussion is here:

http://forums.edmunds.com/discussion/42866/honda/civic/2017-honda-civic-lease-questions/p1?new=1

julio91

My apologies meant to put "EX"

@Michaell

Michaell

julio91 said:

Good morning; may I have the mf and residual for 2016 and 2017 Honda Civic Ex (automatic/sedan)
In Miami, Florida for :
24 months /12k and 15k 
36 months / 12k and 15k 
As well as any incentives for each model year.

@kyfdx

@Michaell

2016

.00070 and 66% (24/15) or 59% (36/15)

Add 1% for 12K on 24 months or 2% for 12K on 36 months

$250 lease cash

roboman2

Looks like they added acquisition fee of $595 and dealer fee of $499 to the adjusted cap cost. What's a dealer fee?

roboman2 said:


Does this make sense?
2016 Civic Ex MSRP $21,875 - negotiated $19,464
$2,000 down
residual 61% 36mths 12k
monthly payment $200
located in CT
when I plug the numbers into a lease calculator I get a lower monthly payment.
.00070 MF. Confirm the adjusted cap cost - if higher than the negotiated price, find out what's been added or not covered from the $2000 due at signing.

Michaell

roboman2 said:

Looks like they added acquisition fee of $595 and dealer fee of $499 to the adjusted cap cost. What's a dealer fee?

roboman2 said:

Does this make sense?
2016 Civic Ex MSRP $21,875 - negotiated $19,464
$2,000 down
residual 61% 36mths 12k
monthly payment $200
located in CT
when I plug the numbers into a lease calculator I get a lower monthly payment.
.00070 MF. Confirm the adjusted cap cost - if higher than the negotiated price, find out what's been added or not covered from the $2000 due at signing.

Dealer fee, unfortunately, is another way for them to profit off the customer. Ideally, you'd like to negotiate that fee away with a lower selling price.

The $1100 of fees will add about $30-31/mo before tax to the payment.

the_genius

Hi Michael, Can i know the MF and residual for 2016 Honda Civic Ex (automatic/sedan)
In Princeton, NJ and this is for
12K - 24 months and 36 months
Any incentives currently being offered for this model?