1228 messages,
Last post on May 18, 2013 at 12:22 PM
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Honda CR-V, Car Leasing, Wagon, SUV
#1183 of 1228 Re: Please help with the numbers! :) [hawk600]
by Car_man HOST
Mar 03, 2013 (7:36 am)
Hi hawk600. Honda is scheduled to introduce a new lease program next week. In the meantime, Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V EX AWD with 15,000 miles per year are .00145 and 62% for consumers who qualify for its "Super Preferred" credit tier.
The only difference on a lease with 12,000 miles per year would be a 2% increase in the vehicle's residual value.
The selling price that you were quoted for this vehicle is excellent...even with the fees.
Car_man
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#1184 of 1228 Re: Lease or Buy? CRV EX-L AWD no Nav in MI [rayinsag]
by Car_man HOST
Mar 03, 2013 (7:41 am)
Hi rayinsag. As I mentioned in my previous post, Honda is scheduled to introduce a new lease program next week. In the meantime, its current buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V EX-L AWD with 12,000 miles per year are .00145 and 60% for consumers who qualify for its top credit tier.
The current lease program isn't terrible, but a finance rate of 1.9% on a vehicle that is not receiving any manufacturer support is though to beat. If you can afford the higher monthly payment, financing the CR-V might be the way to go.
As long as the 1.9% rate that you were quoted will still be around in next week, you may want to consider waiting to see what Honda's new March lease program for the CR-V is like. That puts you in a no-lose situation, if the lease program isn't any better...or is worse, you just go with the finance rate. If the new lease program is great, go with that.
Car_man
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#1185 of 1228 Re: Lease Deal CR-V LX [slupik]
by Car_man HOST
Mar 03, 2013 (7:43 am)
Hi slupik. Honda's February programs are scheduled to run through March 4th. So the new March programs won't be out until the 5th. At first glance, the payment that you were quoted looks attractive, but I would be able to give you a much more detailed analysis of this deal if you were able to provide me with this vehicle's selling price.
Car_man
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#1186 of 1228 Re: Please help with the numbers! :) [slupik]
by hawk600
Mar 03, 2013 (9:04 am)
Peters Honda, Nashua NH, look for Steve.
#1187 of 1228 Re: Please help with the numbers! :) [Car_man]
by hawk600
Mar 03, 2013 (9:07 am)
Thank you very much Car_man, you are great!
#1188 of 1228 Re: Please help with the numbers! :) [hawk600]
by Car_man HOST
Mar 06, 2013 (5:31 pm)
You're very welcome hawk600.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1190 of 1228 Re: Lease or Buy? CRV EX-L AWD no Nav in MI [Car_man]
by profitzone
Mar 09, 2013 (3:27 pm)
Hi Car man, - Any update on the current buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V EX-L AWD with 12,000 miles per year now that the March 5 lease program has been rolled out? Thanks in advance for your help.
#1191 of 1228 Re: Lease or Buy? CRV EX-L AWD no Nav in MI [profitzone]
by Car_man HOST
Mar 11, 2013 (4:20 pm)
Here you go profitzone. Honda Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V EX-L AWD with 12,000 miles per year are .00145 and 62% for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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#1192 of 1228 Good deal on 2013 CRV EX AWD?
by ko10
Mar 26, 2013 (4:36 pm)
Hello Car_man,
I'm about to lease a 2013 CRV EX AWD (no accessories):
- Negotiated sale price $24,200 + $830 delivery charge = $25,030 total
- 36 month, 12,000 miles / year lease
- 1st months lease payment + $1,970 for taxes, dmv fees, doc fee, bank fee due at closing
- No money down
- 0.00145 money factor & 64% residual from Honda finance, no exit fees, $1500 wear & tear allowance
- $287.20 lease payment / month
What do you think? Is it a good deal? Anything else I can try to negotiate? Do you think it is better to include the $1,970 for taxes, dmv fees, doc fee, bank fee due into the lease and pay about $60 more per month?
Thank you!