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Prices Paid: Buying & Leasing Experiences Honda CR-V Prices Paid and Buying Experience
9467 messages, Last post on Dec 05, 2009 at 9:32 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I have been looking over this site for months and have haggled with a couple of dealers. One of them dropped out of the race and said if the other dealership could give me that price, then go there. So this is the LEASE quote 2005 CRV EX Black Manual 36 months-12K miles a year Total Cap Cost 21642.62 which includes the assignment fee of 595 which apparently is standard from the honda dealership. Money Factor 0.002350 Residual 13899.00 payments are 298.62 for 36 months Inception Fees(due at signing including first payment) 495.62 I live in NH and haven't seen much from there... Also I of course am still trying to haggle via email... Can dealers negotiate any with the miles alloted per year? I want 15K but don't want to pay much more. Thanks for any info regarding this.. 
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Replying to: dawner (Apr 19, 2005 3:13 pm) you should look at the Lease board also here at Edmunds to get some feedback. I can tell you that my payment is that and I purchased the V. good thing about purchase is that you can usually sell for more than you owe, therefore putting some money into your pocket for the next vehicle downpayment.
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Replying to: dawner (Apr 19, 2005 3:13 pm) The residual will be 2% of MSRP lower, if you go up to 15K mileage. (56% vs. 58%, I think) I don't remember the exact MSRP, but figure the residual to go down about $480, which will raise the payment by about $12/mo. + tax.. Well worth it, if you need those miles... regards, kyfdx |
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Replying to: dawner (Apr 19, 2005 3:13 pm) That looks like a pretty good lease deal. Something you might want to consider is the fact that you will have to keep up with all of the scheduled maintenance in order to be in compliance with the lease. If you 'think' you need more miles, definitely negotiate the lease for more miles. It's better to have some left over at the end of the lease than to pay like 15 cents per mile for every mile you are over the limit (it adds up really fast). Another interesting tidbit. I'm not saying that you will be in this situation, but there are instances where at the end of your lease, the car might actually be worth more than your payoff. This is more of a possibility with vehicles that hold their value well (like Hondas,Toyotas, and Lexus). You have to consider the market in which you live. I just paid off a lease on a Lexus IS-300 because I knew that I could get more for it than the payoff (and taxes). I was in a situation where even if I traded it into a dealership, I would make a little bit. As it turned out, I sold to a private party and managed to get $3500 out of the deal when all was said and done. And yes, I bought a new CR-V  My advice is if you are planning on having the car long term, definitely just buy (consider the fact that most Hondas get 150K miles plus without too much trouble). If you only want it for the short term the lease isn't a bad deal. At the end of the lease, check to see what the vehicle is worth (market conditions as well as Kelley Blue Book), but don't enter into the lease assuming that you will be able to get any money out of the car in the end. Good luck. Greer
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I recently bought an 05 CR-V EX, 5 speed for about $200 less than the TMV price. At the finance office they offered me the Hondacare warranty for $1500 with no negotiation. I turned that down, but my internet salesman, who is new, said that he could get me the Hondacare for $1295. He also stated that he would consider matching a lower price. Pls send me names and prices of dealers who sell the warranty for less. Thanks, bbear
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Replying to: bbear (Apr 20, 2005 6:43 am) Here is my thinking: First of all, ANY option that they offer you in the finance office is excessively jacked up in price. The backend is where dealerships make most of their profit on the cars that they sell. Secondly, Hondas are known for their reliability. When the finance woman asked me if I wanted the warranty I said, "Why would I want the extra warranty? I'm buying a Honda because they are reliable and cost less to maintain." I read a GREAT article online (I can't find it now though) written by a guy who worked at a car dealership after he was laid off from a tech job. He gave all of the details of how the car dealership works, what on average the various positions make at the dealership, and what extras are not worth buying. It made me decide not to buy any extras offered in the finance department ever again. In the writer's opinion, and in mine, simply a waste of money. But, to each his own. If I could find the article, I'd post the link. Greer |
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Replying to: bbear (Apr 20, 2005 6:43 am) Also, you can buy the 7yr/100K warranty from a dealer on-line for under $1100.. Just take an hour and read through that discussion.. all of the info is in there.. regards, kyfdx |
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Replying to: bshel (Apr 19, 2005 4:41 pm)
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Replying to: jgreer (Apr 20, 2005 5:48 am) |
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| Is leasing a car for four years that bad? The money per month would be easier on my pocket with 4 instead of 3. I know the warrenty will change but aren't Honda's reliable? | |
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