2016 Honda Civic Lease Questions

lyndean

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.

kyfdx

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).

abstract724

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/

Michaell

abstract724 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/

Links are allowed - thanks for providing this information!

lyndean

abstract724 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.

Michaell

lyndean said:

abstract724 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.

properdavid

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.

kyfdx

properdavid 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?

properdavid

kyfdx said:

properdavid 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.

Michaell

properdavid said:

kyfdx said:

properdavid 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).

properdavid

Michaell said:

properdavid said:

kyfdx said:

properdavid 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?

Michaell

properdavid said:

Michaell said:

properdavid said:

kyfdx said:

properdavid 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).

spartan85

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

kyfdx

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

spartan85

Yes sedan in FL.

Michaell

spartan85 said:

Yes sedan in FL.

MF is .00022 in Florida.

spartan85

Thank you!

roughrider119

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.

kyfdx

roughrider119 said:

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.

roughrider119

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.

kyfdx

roughrider119 said:

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.

andres1973

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?

kyfdx

andres1973 said:

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

billboss

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!

Michaell

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.

kevin_b

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

Michaell

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).

dardenpaul

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

kyfdx

dardenpaul said:

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

jnachbar

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!

Michaell

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

erdoran

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!

kyfdx

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.

erdoran

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.

erdoran

Thanks!! had asked about 70% then figured out it's a 2 yr lease.

adamt3

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

kyfdx

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.

qwazr

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!!!

Michaell

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.

julio91

Hello,

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

kyfdx

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

goldfishtx

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

Michaell

goldfishtx said:

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

tj11119

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

Michaell

tijuana19 said:

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

.00083 and 62% or 60%

99gx

39k /12k civic touring March lease numbers?

Thanks

Michaell

99gx said:

39k /12k civic touring March lease numbers?

Thanks

57% and .00083

adamt3

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

Michaell

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.

pedhagandham

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?

Michaell

pedhagandham said:

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?