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Prices Paid: Buying & Leasing Experiences Honda CR-V Lease Questions
569 messages, Last post on Nov 11, 2009 at 3:10 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Could I please get the some lease info(residual, lease factor) on the CR-V? Looking to lease either 24 or 36 months with 12k or 15k. Thanks in Advance!!
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I make my own leases as I please. The basic principle of leasing is that you pay for the depriciation, plus pay the leasing company to make profits for the pleasure. Why not take the middle man out and make the profits your self? Examples: 1999 Civic EX, bought in September 1999 for $15,000, financed for 60 months at 4.9% (it was considered low rate then). Drove for two years, sold for about $12,500 (pay off was about $10,000). Total cost of "lease" $2,500 over 24 months = $104/month 2001 CR-V SE, bought for $23,000 in June of 2001, Financed for 60 months at 4.9%. Car got stolen, and found. Insurnace gave me $10,000 to fix. Fixed my self for $4000. Sold for $18,000 (theft recovery on the title) after a year and a half. Pay off was $18,000. If you don't count that I made $6000 on the insurance it cost me $278/month to "lease" But when you count the insurance money, the "lease" was free and I made $1000. 2002 Civic Si, bought for $14,500 in January of 2003, financed at 1.9% for 60 months. Sold in March of 2005 for $12,500 (pay off $8500). The cost of "lease" for 28 months is $71/month. Right now I am "leasing" 2005 CR-V EX 5 man.  When you look at the whole picture, rather than just "what my monthly payment is going to be" you save more than traditional or baloon lease.
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Replying to: blueiedgod (Feb 15, 2006 5:57 am) And I'm not sure how you are getting your net montly costs??("loan montly payment" were calculated using Edmunds's Basic Loan Calculator) 1999 Civic EX loan monthly payment = 282.38 total loan payments = 282.38 * 24 = 6777.12 net payment = (6777.12 - 2500)/24 = 178.21(not 104) 2001 CR-V SE loan monthly payment = 432.98 net payment = 432.98(not 278) 2002 Civic Si loan montly payment = 253.51 total loan payments = 253.51 * 28 = 7098.28 net payment = (7098.28 - 4000)/28 = 110(not 71)
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Replying to: kyfdx (Feb 14, 2006 4:58 pm)
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Replying to: dmjjpy (Feb 15, 2006 11:00 am) And I'm not sure how you are getting your net montly costs??("loan montly payment" were calculated using Edmunds's Basic Loan Calculator) 1999 Civic EX loan monthly payment = 282.38 total loan payments = 282.38 * 24 = 6777.12 net payment = (6777.12 - 2500)/24 = 178.21(not 104) 2001 CR-V SE loan monthly payment = 432.98 net payment = 432.98(not 278) 2002 Civic Si loan montly payment = 253.51 total loan payments = 253.51 * 28 = 7098.28 net payment = (7098.28 - 4000)/28 = 110(not 71) I think you are forgetting that my cash obtained from the sale of the vehicle was greater than the pay off amount. Even if I did calculate it wrong, has anyone been able to lease a top of the line Civic for $110/month with no money down?
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Replying to: blueiedgod (Feb 16, 2006 6:03 am) No, I don't think I did forget. For the 2002 Civic example, I subtracted $4000(the difference between the sale price and the pay off amount) from the "total loan payments" in the "net payment" line. Anyways, if anybody could post the lease info for a CR-V, it would be greatly appreciated!
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Replying to: dmjjpy (Feb 16, 2006 10:05 am) |
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Let's stick to actual questions about Civic leases... No matter how good your purchase deals turned out to be..
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Replying to: kyfdx (Feb 16, 2006 12:10 pm) Or maybe CR-V leases... 
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