Last post on Dec 12, 2013 at 5:37 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda CR-V, Car Leasing, Wagon, SUV
Mar 27, 2013 (6:29 am)
Does Honda have a lease on this CRV EXL for a low mileage lease, such as 7500 miles a year?
If not, what is the lowest miles lease?
What are the cost factors?
#1194 of 1309 Re: Good deal on 2013 CRV EX AWD? [ko10]
Apr 07, 2013 (6:45 am)
Hello ko10. The money factor that you were quoted for the CR-V is right on the money. Let's take a look at the selling price.
The dealer invoice price of a 2013 CR-V EX AWD is $25,379. The selling price that you were quoted is lower than that, so it looks great.
If you like the vehicle, I personally don't see any reason not to go for it. I can go either way on the stuff that's due at lease signing. You definitely shouldn't pay a cap cost reduction and it certainly is best to roll as much as you can into your vehicle's payment so you don't lose out on it if your vehicle is totaled, but a ton of people pay things like the acquisition fee and other fees at signing and it's not the end of the world. Definitely never pay a cap cost reduction.
Prices Paid: Buying & Leasing Experiences Forum
#1195 of 1309 Re: LOWEST MILES LEASE [superchief20]
Apr 07, 2013 (6:47 am)
Hi superchief20. Most Honda Finance leases are with either 15,000 or 12,000 miles per year. I suspect that it offers leases with 10,000 miles per year. I have a feeling that it might not offer 7,500, but it doesn't hurt to ask.
Whatever mileage allowance you choose to go with, Honda Finance's current buy rate lease money factor for the 2013 CR-V would be .00145 for consumers who qualify for its top aka "Super Preferred" credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#1196 of 1309 Re: LOWEST MILES LEASE [Car_man]
Apr 07, 2013 (1:35 pm)
Thanks Car Man.
I will get back to you when I shop seriously in May.
#1197 of 1309 Flex-Cash for a 2013 CR-V LX AWD lease?
Apr 07, 2013 (3:13 pm)
Thanks again for the alert on the Accord in that car's respective forum. I just checked inventories my way and there are no CR-V FWD's.
I wish to know if there is any flex-cash on the AWD LX this month?
Have a great afternoon,
#1198 of 1309 Lease Deal on 2013 CR-V LX AWD
Apr 08, 2013 (3:37 pm)
Do you think this is a reasonable deal?
2013 CR-V LX AWD
36 months / 15k miles
Fees at signing: $503
Cap cost: $23,069
Money factor: .00145
Wear & tear allowance: 1500
Exit fees: unknown at the moment
#1199 of 1309 Re: Lease Deal on 2013 CR-V LX AWD [bos2aus]
Apr 09, 2013 (7:05 am)
Reading your post info in a typical way, it looks as if your doing 15k/year-45k/36 months?
Just remember that Honda's warranty (other than that powertrain stuff blah blah blah) only goes for 36k/3 years. You'll be left somewhat unwarranted.after a cumulative 36k...
Prob'ly not much risk but just something to keep in mind.
I like the idea of a template and you're thanked for using a legible format, but you'll probably want to delete the "exit fee" category as Honda Lease Trust leases don't have any termination fee, a big +!
Also, that $1500 damage credit (I just learned after reading the fine print) is separated into 3 "events" x 500. So, let's say you have one fender-bender for $1500: you'll be liable for $1000 and have another two "events" of 500 each remaining.
Hey, better than nothing huh?
#1200 of 1309 Re: Lease Deal on 2013 CR-V LX AWD [contract_build]
Apr 09, 2013 (7:04 am)
Yes, you read it right. Thank you for pointing that out! I missed it completely. We typically drive 12k/yr but wanted the extra miles as we anticipate this going up. Hopefully, the risk is small.
#1201 of 1309 Re: Lease Deal on 2013 CR-V LX AWD [bos2aus]
Apr 09, 2013 (7:58 am)
You're welcome bos2aus! Glad to help out.
We ran into this sorta "oversight" some years back with our 15k lease: all of a sudden it hit me a few months into the term. Wound up buying the 8yr/120k/$0 "cheap" over the web for a different Honda model after we got a little scared (also thought it would help in trade/resale at lease's end since it's transferable). Wound up buying the Pilot at residual and it turned out that darned warranty paid for itself after 80k (weird stuff with the rocker arms in the fwd Pilot).
Anyways, I now find it interesting how some manufacturer's stock lease offers are at 39 months when their general warranty - like Honda's - ends at 36k/36mos. I wonder why??????
Looking myself right now for a good lease payment on the CR-V - want 2WD but there are hardly any to be found n the NE and the AWD money factor is higher than an Accord or Civic so we'll see in the next two weeks. Really just looking for a here-to-there car so $$$ will be the deciding factor but you can't beat Honda Finance's 3x500 damage allowance and no termination fee!
Hey... have great day and enjoy the CR-V!
#1202 of 1309 Re: Lease Deal on 2013 CR-V LX AWD [contract_build]
Apr 09, 2013 (10:33 am)
Thanks for all of the helpful info. I think I am a believer in extended warranties now after having to get rid of my last two cars well before they reached 150k miles.
I am fairly new to leasing and find it somewhat confusing vs. purchasing. I am really not comfortable that the numbers I have are decent. It seems OK but feels like it could be lower. I'd rather not hand the dealer easy money.
This would be our first Honda, so far the shopping experience has been pretty good.
Good luck with your search