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Prices Paid: Buying & Leasing Experiences Honda CR-V Prices Paid and Buying Experience
9459 messages, Last post on Nov 30, 2009 at 11:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I have been strongly considering the CRV and comparing it with the Ford escape Hybrid. After deciding on the CRV for the cost savings and minimal mileage differences, I went back to look at the CRV a second time. The girl who helped me spoke to the boy who had helped me on the prior visit. (and they are just kids.) When she came back to me , she said I had been here before. I confirmed this and explained I was looking again at the CRV. She led me to them and asked if I wanted to sit in one. I told her I wanted to drive it, (I was not very impressed the first time but I thought I'd give it a second try). She coyly smiled and said well if you are going to buy a car today then you can drive it,or else you can only take a short little drive but we don;t want to run up the miles. I was so irate!! does honda want to sell these cars or not? they just lost my purchase, they may have sold me a car yesterday but making a test drive contingent on buying a car is ridiculous, especially when making such a large investment!
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Replying to: aprilc (May 15, 2008 12:41 pm) |
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Replying to: newcarconfused (May 13, 2008 5:09 pm) Let me try to address your concerns. The residual is always a percentage of the MSRP, although, sometimes the MSRP is adjusted as a result of dealer add-ons and so, to be precise, the residual is calculated as follows... Residual Value = Residual Factor x Adjusted MSRP No add-ons or other adjustments means that MSRP = Adjusted MSRP. The residual factor is non-negotiable and is set by the fund provider; not the dealer. Your money factor is not correct. The protocol for money factors is of the form 0.00XXX. In the future, you may want to check your residual/money factors by visiting www.leasecompare.com and requesting the "buy" rate or, what is sometimes referred to as the "base" rate. This rate is reserved for those with outstanding credit. Also, there are no reserve levels associated with this rate which means the dealer doesn't profit. Here are the residual/buy rates from leasecompare... American Honda Captive (AHFC) Lease Programs – May 2008 Listed below are the current manufacturer (captive) lease programs. 2008 Honda CR-V LX 4WD – 5/14/08 24 Month – Residual 70% of MSRP – .00335 Base Rate 36 Month – Residual 61% of MSRP – .00235 Base Rate 48 Month – Residual 52% of MSRP – .00220 Base Rate 60 Month – Residual 43% of MSRP – .00230 Base Rate 2008 Honda CR-V EX 4WD – 5/14/08 24 Month – Residual 70% of MSRP – .00335 Base Rate 36 Month – Residual 61% of MSRP – .00235 Base Rate 48 Month – Residual 52% of MSRP – .00220 Base Rate 60 Month – Residual 43% of MSRP – .00230 Base Rate 2008 Honda CR-V EX-L 4WD – 5/14/08 24 Month – Residual 66% of MSRP – .00335 Base Rate 36 Month – Residual 60% of MSRP – .00235 Base Rate 48 Month – Residual 51% of MSRP – .00220 Base Rate 60 Month – Residual 40% of MSRP – .00230 Base Rate 2008 Honda CR-V EX-L w/Navigation 4WD – 5/14/08 24 Month – Residual 65% of MSRP – .00335 Base Rate 36 Month – Residual 58% of MSRP – .00235 Base Rate 48 Month – Residual 49% of MSRP – .00220 Base Rate 60 Month – Residual 39% of MSRP – .00230 Base Rate Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms The RV and MF is not a function of selling price and, therefore, remains fixed regardless of the sell price. The best way to negotiate with a car dealer is DON'T!!! You have to be in control of the deal. Do not allow them to dictate the terms on ANYTHING... YOU do that! Be sure you get the base rate. Ask three different dealers and, I'll guarantee that 90% of the time, you'll get three different answers. So how can you be sure? Check the forums as suggested above. If the residual factors/MF aren't published, ask. You determine sell price! Check the forums to see what others are paying. Also, check edmunds for pricing information including invoice pricing. Pricing is predicated on supply and demand, so you'll need to do some research. If you're interested, I can send you a one-page lease proposal guaranteed to save time, money, and eliminate aggravation. Basically, it requires that you have completed all your research. Payments are calculated as well as all pertinent lease contract numbers. I always insist that the contract match my lease proposal numbers and I always hold the dealer accountable; otherwise, the lease proposal is worthless. You can contact me at diffeq  zoominternet.net Good luck! John
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Replying to: tdiidman (May 01, 2008 6:49 am) So for now, Honda has eased up on the requirement. Although, in the future they may make dealers physically inspect each vehicle before putting a VSC on it, which will by default eliminate internet purchases of VSC's. |
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| Does anyone know how to circumvent listing a phone # on the "Request a Quote" section on the Honda website? I do not want 10 dealerships calling my house. As has been mentioned on here before I would love to negotiate via email. | |
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Replying to: colfaxwolf (May 15, 2008 7:53 pm) I don't know how the honda website quote process is set up but I used the Edmunds.com site (going through TMV pricing until you get to page to request quotes). In the form you can select dealers and indicate a preference for being responded to by email only. I did get email replies that allowed me to reply to those dealers by email and you can write back to them emphasizing that you will be doing pricing by email (with offer to meet them once you get closer to decision). The Edmunds form does require a phone number and being that these are dealers, you will probably get a call or two, even though you asked for email correspondence only. I'm not sure you can get around that. A few of them will email you and call shortly afer to "verify that you got the email". You really can't fault them for this. They probably feel their chances increase by establishing personal contact with you and want to ensure that you've test driven the car or want to get you into the dealership. What I did was let most of the calls bounce to answering machine and just reply by email letting them know you can't talk on the phone (for whatever reason). They all will call on the first day or two after your request so you will only have to screen your calls for a short time. They key is establishing the email dialogue with the internet sales type person and sticking with the email. If you do pick up the phone and get one of them, politely get them off the phone and let them know you will be using email for pricing. Once they understand that, they seem pretty good about sticking with it. It actually seems that the dealers are accustomed to internet/email shopping now and several of them just right into the email pricing without any problem, although they will try to call to check in and say hello. It looks like all the dealers have assigned internet sales people and these reps seem to know that customers have the preference you have. At least this was my experience. I found it to be a great processs personally compared to going onsite to the dealerships. Good luck. |
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Replying to: thebigfudge (May 13, 2008 1:16 pm) http://townhall-talk.edmunds.com/direct/view/.ef11a94/7079
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Replying to: nhlfan79 (May 16, 2008 5:59 am) |
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Replying to: colfaxwolf (May 15, 2008 7:53 pm) 
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Replying to: colfaxwolf (May 15, 2008 7:53 pm) Not sure I understand. "Request a quote" means that you want a quote on an exact model. To get that you have to contract a dealer. Honda can't give you a quote - they don't sell to customers, they sell to dealers. If you want to know the cost, can't you just build one on line?
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