2014 Honda Civic Lease Questions

Karen_S · January 2014

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mikers1981 · December 2013

Any December numbers for the new 2014 would be appreciated. Ex-L and EX. 12k miles

kyfdx · December 2013

2014 Civic EX Sedan (non- NAV) 36mo, 12K/yr lease
61% residual EX-L residual is 59%

I'm sorry, but I don't have the money factor for the 2014 Civic...

regards,
kyfdx

Kirstie_H · January 2014

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dwynne · February 2014

Honda is running some cheap lease deals on left-over 2013 Civics - the EX and LX sedans and the LX coupe. My son, of course, wants an EX coupe. Anyone know the residual and MF on a 36/36 lease of a 2013 EX coupe?

Thanks

kyfdx · February 2014

@dwynne said:
Honda is running some cheap lease deals on left-over 2013 Civics - the EX and LX sedans and the LX coupe. My son, of course, wants an EX coupe. Anyone know the residual and MF on a 36/36 lease of a 2013 EX coupe?

Thanks

.00011 MF and 51% residual. $1000 lease cash

robhangdog823 · March 2014

I'm looking for a lease on a 2014 civic ex 36 mos 12k.
Does anybody have march numbers?
I received a quote but no sales price, residual, money factor.
In central NJ.
Monthly pymt 233-
Due at signing:
349- Doc fee
299- DMV
233- First Month

Doc fee seems high to me. I leased a Subaru a few months ago doc fee was 190-. I don't think there's a doc fee limit in NJ.

Thanks.

kyfdx · March 2014

@robhangdog823 said:
I'm looking for a lease on a 2014 civic ex 36 mos 12k.
Does anybody have march numbers?
I received a quote but no sales price, residual, money factor.
In central NJ.
Monthly pymt 233-
Due at signing:
349- Doc fee
299- DMV
233- First Month

Doc fee seems high to me. I leased a Subaru a few months ago doc fee was 190-. I don't think there's a doc fee limit in NJ.

Thanks.

.00030 MF and 61% residual.

edhaner · March 2014

Can someone poke holes in this deal? Was quoted 36mo/10K lease for $139/mo. This is with 0 down but paying all the taxes, dmv, and acq fees up front which is just over $1.6K. I was not given any cap cost or MF but does it even matter what they are if they are already telling me what the monthly pmt is? Can't find anything comparable online at other dealers...

kyfdx · March 2014

Which model?

audieddy · March 2014

Around here (MA), for a 2014 Civic LX the lowest mileage dealers say they can do is 12k. I tried for 10k, and no one would do it.

Best deal I have seen is $149 a month plus tax for 3yr/36k with out of pocket of $1300(acq fee, tax , title,reg, doc fee and first month payment including tax) . I got one dealer say they would to go to $138 + tax, but not sure that deal is "real". Unfortunately, looks like I need to hold off 1 more month before purchasing, as I don't need the car until end of April. Hoping this type of deal is still around.

edhaner · March 2014

Sorry, this was for the LX sedan. I actually just found another dealer doing less than $110 a month on LX sedan with 0 down + all fees up front. This is in NYC.

kyfdx · March 2014

@edhaner said:
Sorry, this was for the LX sedan. I actually just found another dealer doing less than $110 a month on LX sedan with 0 down + all fees up front. This is in NYC.

If they are quoting 10K/yr, then it's not a Honda Finance lease.. I'd be worried about a big "gotcha" there, somewhere..

leasehelp2014 · March 2014

I received a quote from a Honda dealer in Mississippi for a 2014 Civic LX sedan, 36 mo, 12k miles, zero money down with the following terms:
Initial Cap Cost: 18,200
LEV: 12,050.55 (61%)
MF: .00020
Honda Acquisition Fee of 595 (they said it was non-negotiable)
Termination fee of 350
Monthly payment of 209

Is this a good deal? Are there any points I should push back on?

socalcommuter · April 2014

Is this a good deal for the Greater Los Angeles area? I'm looking to lease within the next few days.

Cap cost: $17,509
Drive off: $528.99
35 monthly payments of $189.04 including tax.
12,000 miles/yr
Residual: $12,187

I forwarded this quote to another dealership and the rep said she keep the same number but make a it a "true no down." What's the difference between the two?

Do I need more information? Out of curiosity, will it be possible to negotiate down to $180/month including tax?

socalcommuter · April 2014

I forgot to add that it's for the 2014 Civic LX.

kyfdx · April 2014

That looks like a great deal.

As far as what the dealer means by a "true no down", you'd have to ask them. I would assume it means "$0 due at signing", but it could mean, "1st payment only due at signing"

zo0m1 · April 2014

sounds like a great deal, socalcommuter. which dealer? is this a manufactured subsidized lease? i'm looking for the same car.

zo0m1 · April 2014

@socalcommuter said:
I forgot to add that it's for the 2014 Civic LX.

Can't seem to get that deal from any dealers near Pasadena... Anyone care to share which dealers in LA offer good prices?

loveedmunds1 · April 2014

What kinds of fees do I have to pay when i lease a car? I went to a local Honda dealer in MA.
The dealer broke down all the numbers for me.
car's price 21,880
discount 2,200
price after discount 19,680
documentation fee 327.75
sticker fee 25
tax 22.05
Title&License 125
The total number is 20179.80

They offer $500 coupon toward down payment so after the coupon a 36 month lease with 0 down (actually $500 from dealer) 15,000 miles per year, the monthly payment is 243.

The dealer mentioned bank acquisition fee during talk but did not listed it on the final breakdown (just realized otherwise will ask them in showroom). I checked others posts about leasing a car. Never see those kinds of fees before. Does anyone who leased a car before give me some hints?

Thanks so much!

I am new to the lease.

Michaell · April 2014

@loveedmunds1 said:
What kinds of fees do I have to pay when i lease a car? I went to a local Honda dealer in MA.
The dealer broke down all the numbers for me.
car's price 21,880
discount 2,200
price after discount 19,680
documentation fee 327.75
sticker fee 25
tax 22.05
Title&License 125
The total number is 20179.80

They offer $500 coupon toward down payment so after the coupon a 36 month lease with 0 down (actually $500 from dealer) 15,000 miles per year, the monthly payment is 243.

The dealer mentioned bank acquisition fee during talk but did not listed it on the final breakdown (just realized otherwise will ask them in showroom). I checked others posts about leasing a car. Never see those kinds of fees before. Does anyone who leased a car before give me some hints?

Thanks so much!

I am new to the lease.

Many of the fees vary by state - the ones you list are what I would expect to see in MA. Most leases have an acquisition fee associated with them - but they may also be rolled into the capitalized cost of the lease.

What trim level are you looking at? Is this a sedan, hybrid or coupe?

loveedmunds1 · April 2014

thank you, Michael. it is a 2014 HONDA civic ex sedan

Michaell · April 2014

@loveedmunds1 said:
thank you, Michael. it is a 2014 HONDA civic ex sedan

Using the MSRP and selling price you've provided, and the residual value of 59% and MF of .0003, I get a pre-tax payment of $211.89

carworld · May 2014

Hello edmunds community!

Can you guys provide me with an explanation of what the money factor is? I want to Lease a Honda Civic 2014

This is the brief quote I was sent:

Your Internet Sale Price is *$17,761.00

Special Monthly Lease Payment *$159.00

As you can see, the sales person neglects to mention money factor or residual value.

Any help is greatly appreciated.

kyfdx · May 2014

The money factor is a substitute for an APR, and is used to calculate the finance charge portion of the lease.

carworld · May 2014

Thanks for the fast response.
What is do I have to look out for? Any tips?

I've read that the most important figure is the residual, however I'm concerned about fees (such as acquisition and disposal fees).

carworld · May 2014

else*

kyfdx · May 2014

@carworld said:
Thanks for the fast response.
What is do I have to look out for? Any tips?

I've read that the most important figure is the residual, however I'm concerned about fees (such as acquisition and disposal fees).

To be frank, you could write a book about the process of leasing..

But, reading these articles would be a good place to start:

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

carworld · May 2014

Thanks again!

Here's a quote:
HondaCivic Lx
$177 x 35 w/ $0 down + Tax Title License

Money Factor: .00030
Residual Value: $12188

Is this a good deal?

Michaell · May 2014

@carworld said:
Thanks again!

Here's a quote:
HondaCivic Lx
$177 x 35 w/ $0 down + Tax Title License

Money Factor: .00030
Residual Value: $12188

Is this a good deal?

MSRP? Selling price?

carworld · May 2014

The sale price I believe is around $17,761.00

zo0m1 · May 2014

anyone have any numbers for a 24 month lease on a civic LX or EX?

zo0m1 · May 2014

in SoCal

kyfdx · May 2014

@zo0m1 said:
anyone have any numbers for a 24 month lease on a civic LX or EX?

.00030 MF and 66% for 24mo, 15K/yr on either model. 36mo. residual is 59%.

$500 lease cash

zo0m1 · May 2014

Thanks! Does Honda do 12k leases? Do you know the residual on that for 24mo?

mikeset · May 2014

Looking for a honda civic lx lease in ny. honda.com showing me the lx for $0 first months payment, $210.00 per month for 35 months; $0 down payment, $0 security deposit. For well-qualified lessees.

MSRP $19,980.00 (includes destination, excludes tax, license, title fees, registration, documentation fees, options, insurance and the like). Total monthly payments $7,350.00. Option to purchase at lease end $12,187.80.

Some people were saying they got much cheaper deals in NY. Could someone direct me to those deals?

10,000 miles a year is fine for me as well...

Thanks!

kyfdx · May 2014

@zo0m1 said:
Thanks! Does Honda do 12k leases? Do you know the residual on that for 24mo?

Add 2% to the residual to go from 15K/yr to 12K/yr.

mikeset · May 2014

looking to get a lease asap cause my car was stolen and no comprehensive

should have excellent credit...

any help is much appreciated

found this deal, http://www.hillsidehonda.com/2014-honda-civic-specials.htm

is that any good?

Michaell · May 2014

@mikeset said:
looking to get a lease asap cause my car was stolen and no comprehensive

should have excellent credit...

any help is much appreciated

found this deal, http://www.hillsidehonda.com/2014-honda-civic-specials.htm

is that any good?

I'd have them provide the MSRP and selling price of the Civic, and a detailed break out of the up front costs.

mikeset · May 2014

okay will do! thanks

mikeset · May 2014

So, I spoke to them over the phone and they were quite reluctant to give the information over the phone. This is what I have:

MSRP $19,980
Selling Price $18,131

Up front costs:
Destination = $790
Bank = $595
DMV = $300-400
1st months payment, which is probably greater than $110/month due to being able to roll the doc and taxes into the monthly payments...

Michaell · May 2014

@mikeset said:
So, I spoke to them over the phone and they were quite reluctant to give the information over the phone. This is what I have:

MSRP $19,980
Selling Price $18,131

Up front costs:
Destination = $790
Bank = $595
DMV = $300-400
1st months payment, which is probably greater than $110/month due to being able to roll the doc and taxes into the monthly payments...

Yeah, I'm not seeing how they get to the $110/mo. Using your MSRP and selling price with the standard Honda Finance MF of .0003 and residual of 62%, I get a pre-tax payment of $168.69 for 36 months.

I'm wondering if this is a program through a different finance company. Ask them what residual and MF they are using to get to the $110 number.

mikeset · May 2014

I believe it is in-house financing.

Honda only offers financing for 12k/yr I thought.

Let's see if they will give me that information via phone/email.

mikeset · May 2014

Was not able to get that information from them yet, but I did call another place after I found their special:

http://www.huntingtonhondacars.com/Newspaper-Specials/

They said they are looking to move cars in the month of may and will beat the other dealers price.

So what I have from them (over the phone) is:

msrp 19,980
selling price 18,131

residual 12,387
MF 00300 (can that be right?)

bank $595, tax 273, dmv $60, first month 110 (since they are matching the other dealer)

mikeset · May 2014

ended up getting it for $128/month including taxes and everything

paid $1300 out of pocket for first month, bank, doc, etc

kyfdx · May 2014

Congrats on the new car!

billykokomo · May 2014

Hi -

I am considering a 36 month lease, 15K per year, on a 2014 Civic Si Sedan - MSRP is $23,780 including destination. What is the AHFC current money factor and residual value percentage? Does the Edmunds True Market Value include current incentives?

Michaell · May 2014

@billykokomo said:
Hi -

I am considering a 36 month lease, 15K per year, on a 2014 Civic Si Sedan - MSRP is $23,780 including destination. What is the AHFC current money factor and residual value percentage? Does the Edmunds True Market Value include current incentives?

59% for an Si without Nav, 57% if Nav is included.

MF is .00030 and there is $800 lease cash available this month.

gamer3 · May 2014

Help please.

Planning to lease a 2014 Honda Civic EX (not EX-L)
600 due at signing
235 monthly

Is it good in California ?
Anyone who has leased please comment.

Honda Special in Cali is 169 a month with 2899 due at signing.

Michaell · May 2014

@gamer3 said:
Help please.

Planning to lease a 2014 Honda Civic EX (not EX-L)
600 due at signing
235 monthly

Is it good in California ?
Anyone who has leased please comment.

Honda Special in Cali is 169 a month with 2899 due at signing.

What is the lease term and miles per year? MSRP and selling price?

The California special is OK - the amount due at signing is pretty high, as that includes some cap cost reduction, which is something you don't want to do. If the car is stolen or totaled, you are out that money.

gamer3 · May 2014

Thank you for your response.
Its 36 mo/36 K,
MSRP - 21880 and SP 19300

@Michaell said:
The California special is OK - the amount due at signing is pretty high, as that includes some cap cost reduction, which is something you don't want to do. If the car is stolen or totaled, you are out that money.

2014 Honda Civic Lease Questions

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