2016 Honda Fit Lease Questions

MichaellMichaell ColoradoModerator Posts: 206,288
edited January 2016 in Honda
Ask your Fit lease questions, here!

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  • juanbotanasjuanbotanas Member Posts: 9
    Need Residual and MF for 2016 Honda Fit LX and EX. 36 months/12k miles. Los Angeles, CA.
  • kyfdxkyfdx Moderator Posts: 207,889

    Need Residual and MF for 2016 Honda Fit LX and EX. 36 months/12k miles. Los Angeles, CA.

    .00165 MF and 65% for either model.

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  • nsnsnsnsnsnsnsns Member Posts: 3
    Hello...Will you please post the RV and best available MF (assuming no markup) for the following?

    2016 Honda Fit LX CVT
    24 months / 10K mi (if 10K not offered, then 12K mi)
    Northern Virginia/Alexandria, VA/Fairfax County, VA

    Thank you!
    NS
  • MichaellMichaell ColoradoModerator Posts: 206,288
    nsnsnsns said:

    Hello...Will you please post the RV and best available MF (assuming no markup) for the following?

    2016 Honda Fit LX CVT
    24 months / 10K mi (if 10K not offered, then 12K mi)
    Northern Virginia/Alexandria, VA/Fairfax County, VA

    Thank you!
    NS

    24/12 - 71% and .00165. No 10K leases from Honda.

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  • nsnsnsnsnsnsnsns Member Posts: 3
    Many thanks!
  • lukeryanlukeryan Member Posts: 25
    Can I please have the MF and RV for EX 24 months and 36 months. Thanks!
  • kyfdxkyfdx Moderator Posts: 207,889
    lukeryan said:

    Can I please have the MF and RV for EX 24 months and 36 months. Thanks!

    .00165 MF and 69%/62% residual for 15K/yr

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  • seek_leaseseek_lease Member Posts: 22
    Could I please get the MF, RV, and any incentives (doubt there are any) for both an LX & EX for 36/12 in Kansas zip 66502? Thanks!
  • MichaellMichaell ColoradoModerator Posts: 206,288

    Could I please get the MF, RV, and any incentives (doubt there are any) for both an LX & EX for 36/12 in Kansas zip 66502? Thanks!

    .00165 and 64% for both trims.

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  • seek_leaseseek_lease Member Posts: 22
    Could I get the current month's numbers for both LX and EX for 36/12k for Kansas? Thanks!
  • MichaellMichaell ColoradoModerator Posts: 206,288

    Could I get the current month's numbers for both LX and EX for 36/12k for Kansas? Thanks!

    .00165 and 64% for both trims.

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  • seek_leaseseek_lease Member Posts: 22
    Michaell said:

    Could I get the current month's numbers for both LX and EX for 36/12k for Kansas? Thanks!

    .00165 and 64% for both trims.
    Huh, no difference from last month, I guess. Thanks!
  • keyjeykeyjey Member Posts: 50
    Looking to lease either Mazda3 hatchback or fit. Would appreciate if I can get some numbers for Fit EX or EX-L in Northern california. 12k miles, 2 or 3 yr lease
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    Looking to lease either Mazda3 hatchback or fit. Would appreciate if I can get some numbers for Fit EX or EX-L in Northern california. 12k miles, 2 or 3 yr lease

    62% or 56% and .00165 for both trims.

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  • keyjeykeyjey Member Posts: 50
    got following number from the dealer. How does it sound?

    EX-L with navi
    msrp - $22000
    selling price - $21991
    adjust cap - $21991
    residual - 62%
    MF - 0.00075
    Drive off - 700
    monthly payment - 275 (including tax)
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    got following number from the dealer. How does it sound?

    EX-L with navi
    msrp - $22000
    selling price - $21991
    adjust cap - $21991
    residual - 62%
    MF - 0.00075
    Drive off - 700
    monthly payment - 275 (including tax)

    My apologies; the MF for the Fit is indeed .00075 this month.

    Using the prices provided, I get a payment of $259/mo plus tax, so $275 is about right.

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  • keyjeykeyjey Member Posts: 50
    Michaell said:

    keyjey said:

    got following number from the dealer. How does it sound?

    EX-L with navi
    msrp - $22000
    selling price - $21991
    adjust cap - $21991
    residual - 62%
    MF - 0.00075
    Drive off - 700
    monthly payment - 275 (including tax)

    My apologies; the MF for the Fit is indeed .00075 this month.

    Using the prices provided, I get a payment of $259/mo plus tax, so $275 is about right.
    Thanks. Looks like I will need to adjust the config. I am trying get something on the very nominal price as this will be our second car for my wife to commute. Is it too ambitious if I target $150 monthly with a 1k down? Are there any small cars out there with similar prices?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    Michaell said:

    keyjey said:

    got following number from the dealer. How does it sound?

    EX-L with navi
    msrp - $22000
    selling price - $21991
    adjust cap - $21991
    residual - 62%
    MF - 0.00075
    Drive off - 700
    monthly payment - 275 (including tax)

    My apologies; the MF for the Fit is indeed .00075 this month.

    Using the prices provided, I get a payment of $259/mo plus tax, so $275 is about right.
    Thanks. Looks like I will need to adjust the config. I am trying get something on the very nominal price as this will be our second car for my wife to commute. Is it too ambitious if I target $150 monthly with a 1k down? Are there any small cars out there with similar prices?
    At that price range, you may want to consider the 2017 Hyundai Elantra SE or 2016 Civic LX.

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  • keyjeykeyjey Member Posts: 50
    Thanks. Will Elantra GT also come in that price range?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    Thanks. Will Elantra GT also come in that price range?

    Maybe. Though, be advised that the base 2016 E-GT is decontented.

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  • keyjeykeyjey Member Posts: 50
    Any lease numbers for this month? EX auto, 12k, 36 month in Norcal
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    Any lease numbers for this month? EX auto, 12k, 36 month in Norcal

    .00075 and 64%

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  • keyjeykeyjey Member Posts: 50
    edited June 2016
    Hi Michaell, 2 dealers gave me a quote of $199(including tax) on EX model, $1k drive off, 3 yrs? 12k miles. How does this sound?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    Hi Michaell, 2 dealers gave me a quote of $199(including tax) on EX model, $1k drive off, 3 yrs? 12k miles. How does this sound?

    Hard to say ... what is the MSRP and the selling price?

    What does the $1K drive off cover?

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  • keyjeykeyjey Member Posts: 50
    Here is what I got. Trying to get exact numbers


    fit.PNG 38.8K
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    Here is what I got. Trying to get exact numbers


    You gotta love AutoNation. They love to confuse the customers with stuff like this.

    First, the sales tax number isn't applicable for a lease - the sales tax is collected on the monthly payment.

    Next, no mention of the $595 bank fee for leases.

    What you want is the adjusted cap cost and what the "cash due" amounts actually cover.

    Then, we can plug in the numbers and get an accurate payment.

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  • keyjeykeyjey Member Posts: 50
    Still waiting on details from the manager. Btw is there special program from Honda that gives 0.00065 if you put 400 down?
  • keyjeykeyjey Member Posts: 50
    Just got the details from other dealer. Here is breakdown
  • MichaellMichaell ColoradoModerator Posts: 206,288
    keyjey said:

    Just got the details from other dealer. Here is breakdown

    I get the same payment .. if you are comfortable with the discount from sticker (MSRP = $19,435, selling price $17,999), then there isn't much else to do.

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  • rcld3rcld3 Member Posts: 39
    looking for 36mo/36K mile lease a 2016 Honda Fit in KY. Unsure about EX (MSRP 19430) or LX (MSRP 17525) models for now but just doing my research. I'd like the lease payment under $180 but w 0 due at signing so prob LX. Looks like I need to start w negotiating a sales price and get the MF and RV on both models. What do you need from me to get the MF and RV's? Any advice on how to determine a good sales price? Local Dealer currently advertising on website a deal on LX CVT w 1999 due at signing and 139/mo. so I'm hoping I can get a 0 due at signing deal.
  • MichaellMichaell ColoradoModerator Posts: 206,288
    rcld3 said:

    looking for 36mo/36K mile lease a 2016 Honda Fit in KY. Unsure about EX (MSRP 19430) or LX (MSRP 17525) models for now but just doing my research. I'd like the lease payment under $180 but w 0 due at signing so prob LX. Looks like I need to start w negotiating a sales price and get the MF and RV on both models. What do you need from me to get the MF and RV's? Any advice on how to determine a good sales price? Local Dealer currently advertising on website a deal on LX CVT w 1999 due at signing and 139/mo. so I'm hoping I can get a 0 due at signing deal.

    The 36/12 lease numbers for the Fit are .00165 and 64% for both the LX and EX.

    To calculate a payment, we need to know the MSRP and the adjusted capitalized cost (selling price plus any taxes and fees you are not paying up front).

    Use the "make / model / year" pull downs at the top of the page to link to the price tools.

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  • dmunizdmuniz Member Posts: 39
    Looking for money factor and residual for 36 months 36k miles lease for Honda Fit in Long Island NY. thanks
  • kyfdxkyfdx Moderator Posts: 207,889
    dmuniz said:

    Looking for money factor and residual for 36 months 36k miles lease for Honda Fit in Long Island NY. thanks

    .00075 MF and 63% residual for EX or LX trims. $200 lease cash.

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  • 59burst59burst Member Posts: 9
    edited August 2016
    Could I please have the numbers on a Honda Fit LX and EX Automatic in CA for 24mo/12k?

    Thanks a lot!
  • MichaellMichaell ColoradoModerator Posts: 206,288
    59burst said:

    Could I please have the numbers on a Honda Fit LX and EX Automatic in CA for 24mo/12k?

    Thanks a lot!

    69% and .00075. $200 lease cash.

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  • 59burst59burst Member Posts: 9
    Michaell said:

    59burst said:

    Could I please have the numbers on a Honda Fit LX and EX Automatic in CA for 24mo/12k?

    Thanks a lot!

    69% and .00075. $200 lease cash.
    Thanks Michaell, are the numbers the same for both the LX and EX trims?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    59burst said:

    Michaell said:

    59burst said:

    Could I please have the numbers on a Honda Fit LX and EX Automatic in CA for 24mo/12k?

    Thanks a lot!

    69% and .00075. $200 lease cash.
    Thanks Michaell, are the numbers the same for both the LX and EX trims?
    They are.

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  • aeternitatisaeternitatis Member Posts: 4
    Moderators - Would you please let me know current 24/12 and 36/12 numbers in Maryland for an EX-L with Navi? Also, is it true (as several dealers have told me) that Honda doesn't offer Fit leases for fewer than 12k miles/year? Many thanks
  • MichaellMichaell ColoradoModerator Posts: 206,288

    Moderators - Would you please let me know current 24/12 and 36/12 numbers in Maryland for an EX-L with Navi? Also, is it true (as several dealers have told me) that Honda doesn't offer Fit leases for fewer than 12k miles/year? Many thanks

    36/12 EX-L - .00075 and 61%

    $200 lease cash

    Correct - Honda does not offer 10K leases on any of their models - though we have heard they will do it in the greater NYC area.

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  • phdhuskyphdhusky Member Posts: 106
    So now I am helping a coworker buy a new car. Looking for numbers in CT for LX and EX manual 36/15k.
  • MichaellMichaell ColoradoModerator Posts: 206,288
    phdhusky said:

    So now I am helping a coworker buy a new car. Looking for numbers in CT for LX and EX manual 36/15k.

    .00075 and 61% for both trims. $200 lease cash.

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  • directrpepdirectrpep Member Posts: 37
    hi there.
    Can i get numbers for:

    Honda Fit EX in Los Angeles?
    12k/3 years are there other options? Longer term?
  • MichaellMichaell ColoradoModerator Posts: 206,288

    hi there.
    Can i get numbers for:

    Honda Fit EX in Los Angeles?
    12k/3 years are there other options? Longer term?

    .00075 and 63%.

    36 months is the sweet spot for Honda leases.

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  • lisa2017lisa2017 Member Posts: 4
    Hello,

    May I please have the residual and MF for 2016 Honda EX with CVT and EX-L? 36 months/12k miles in the greater Seattle, WA area.

    If you can provide the same for 2017, that would be great.



  • MichaellMichaell ColoradoModerator Posts: 206,288
    lisa2017 said:

    Hello,

    May I please have the residual and MF for 2016 Honda EX with CVT and EX-L? 36 months/12k miles in the greater Seattle, WA area.

    If you can provide the same for 2017, that would be great.

    2016 - 63% (EX) or 62% (EX-L) and .00075. $200 lease cash

    No 2017 Fit lease numbers at this time.

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  • lisa2017lisa2017 Member Posts: 4
    Thank you! Much appreciated.
  • hudsonhawk31hudsonhawk31 Member Posts: 3
    'Afternoon Michaell,
    May I please request the residual and MF for 2016 Honda Fit EX & LX Trims?
    36 months/12k miles in the Jacksonville, FLA (32256) or Orange Park, FLA (32065) areas.
    Appreciate your time & with best regards, -T
  • MichaellMichaell ColoradoModerator Posts: 206,288

    'Afternoon Michaell,
    May I please request the residual and MF for 2016 Honda Fit EX & LX Trims?
    36 months/12k miles in the Jacksonville, FLA (32256) or Orange Park, FLA (32065) areas.
    Appreciate your time & with best regards, -T

    .00075 and 63% for both trims. $200 lease cash.

    Honda numbers expire today.

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  • hudsonhawk31hudsonhawk31 Member Posts: 3
    Thank you sir for the most timely response. Have a good day.
  • robbiek99robbiek99 Member Posts: 4
    Hi Mods,

    May I please request the October residual and MF for the 2016 Honda Fit EX?

    36 months /12K miles.

    Thanks!
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