Last post on Dec 05, 2013 at 7:00 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda CR-V, Car Leasing, Wagon, SUV
#1203 of 1303 Re: Lease Deal on 2013 CR-V LX AWD [bos2aus]
Apr 10, 2013 (3:02 pm)
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 think you'll have a tough time finding more miles than Honda's 120k
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.
The monthly payment ALWAYS feels like it could be lower!
(Since no one else has responded) Continuing this pleasant colloquy, let me see if I can assist.
I felt the same discomfort, bos2aus, when beginning the first seven years ago, but by it's conclusion was comfortable (if you go back to March/April 2006 posts in the Pilot leasing forum you'll have the process down. Look especially for analysis posts by Host Car_man, and delta737h..... the latter has a website autoleasegeek.com: invaluable, must-read info, especially his process recommendation for submitting formal "lease proposals" to dealers - the only way to go)
Many use the Weymouth lease calculator for ideas of decent lease numbers. Your capitalized number is 23069 (weymouth's 23280.70) and residual 15,422 (weymouth's 15020). Assuming your cap includes the 595 acq (based on your 500 up front/inception) should bring you to 267.94 + tax/fees for 15k/36. Weymouth currently shows a "first&fees" of 285+tax. Assuming you're in a state where tax is based on the monthly payment and includes 6%, you should be around 285/mo plus that 500 inception and secured a solid deal. You don't mention if there is a trade (even returning a current lease which may have some equity value) so this is important too. Depending on the competitiveness of your market, I believe you might achieve a lower payment. using autoleasegeeks approach "from the comfort of your home", but remember you'll still think like you could've gotten lower... Also, there's the time-cost/benefit ratio to consider.
Frankly, the big thing killing these CRV leases is this .00145MF (contrast this with the lower ones for Accord and Civic, not to mention Honda Finance's .00022 that was around in 4/2006 on some Pilot models added to big discounts from MSRP)
The key is to do one's homework (read, read, read), feel comfortable with the contract and then - if you choose to post your numbers back here to assist others - not read the pricing forums again for another three years
#1204 of 1303 Re: Lease Deal on 2013 CR-V LX AWD [contract_build]
Apr 10, 2013 (4:17 pm)
Wow. Great information. Lots of reading. Thanks again. I am in MA so the Weymouth calculator is very relevant. Turns out my feeling was right...went to another dealer and got what I was asking for.
The deal I signed for today:
CR-V LX AWD Twilight Blue (24875 MSRP)
$22639 gross cap cost
$270/mo (inc tax)
I doubt its the absolute lowest but I am now comfortable with it.
#1205 of 1303 Re: Lease Deal on 2013 CR-V LX AWD [bos2aus]
Apr 10, 2013 (5:36 pm)
WELL DONE bos2aus!
I just saw Weymouth is running an LX special till the 12th at 229/12k that, when acq and Mass. tax are factored in would be $261.19/mo + Inceptions of 261.19+239+125 (plus I guess some tax on the doc fee) and you got 3k miles more/year for less than nine dollars extra and way less than their standing 15k offer.
Now it's time to have a nice dinner and relax.
Many thanks for posting your info, for the nice colloquy, and we'll see you round here in another 35 months or so .
Oh, just one question: since the MF is high, did they make any downwards adjustment towards Accord/Civic territory?
#1206 of 1303 Re: Lease Deal on 2013 CR-V LX AWD [contract_build]
Apr 11, 2013 (12:17 pm)
Thank you. I am not sure what you mean by downward adjustment. Did they drop the monthly pymt because the MF was high? If that is what you're asking, I don't know. I didn't realize .00145 was high
#1207 of 1303 Re: LOWEST MILES LEASE [superchief20]
Apr 11, 2013 (3:16 pm)
Sounds good superchief20. See you then!
Prices Paid: Buying & Leasing Experiences Forum
#1208 of 1303 Re: Flex-Cash for a 2013 CR-V LX AWD lease? [contract_build]
Apr 11, 2013 (3:18 pm)
Hey builder. Dealers can use $750 in Flex Cash on the CR-V.
Prices Paid: Buying & Leasing Experiences Forum
#1209 of 1303 Re: Flex-Cash for a 2013 CR-V LX AWD lease? [Car_man]
Apr 11, 2013 (5:19 pm)
Thank you SO much for your prompt reply AND this specific confirmation!
Now it's all up to me
The MF is higher for the CR-V so I may wind up going with the Accord's lesser "rent charge" (when I compare the MF from April two years ago for the CR-V, .00145 is a bitter pill but it is what it is.)
Conversing with poster bos2aus in this forum was good confirmation of what can now be achieved in, at least, one of the US regions.
Wishing you a GREAT night Car_man and thanks again.
#1210 of 1303 Re: Lease Deal on 2013 CR-V LX AWD [bos2aus]
Apr 11, 2013 (5:11 pm)
Thank you for your reply bos2aus & I didn't mean to confuse: .00145MF is top tier/lowest currently, but if you look back two years ago April, the 2011 's MF was substantially lower just prior to the 2012/next generation release. Honda knows they've got a winner now and don't have to deal on MF.
Also, since the Civic&Accord have lower MF, I was just wondering if your doc showed "MF movement" towards theirs (.00111)
Looks like selling price adjustment may be the only way to go now.
Hey, thanks again and trust you'll enjoy your car
#1211 of 1303 Lease Deal on CR-V EX AWD
Apr 14, 2013 (1:15 pm)
Ok I was hoping some of you with more experience with leasing could help. I did a lot of research online and have gone to two dealers. As of today I have a car getting shipped in from a different location due to them not having the color we like. I have not seen any contracts yet but there is were we stand.
219 month total monthly price with everything included
3000 value trade in for our Honda Civic
they are giving 750 flex cash towards the deal so no out of pocket
I should be going back in on Wednesday to look at contracts, sign and drive away. Do these numbers sound good? Also what should I look for in the contract thats important and what can I negotiate at that point?
Thanks for any advice!
#1212 of 1303 Re: Lease Deal on CR-V EX AWD [dock20]
Apr 14, 2013 (4:43 pm)
I don't mean to be harsh, merely direct...
Since you did "a lot of research online", if only a half-hour or so of that was spent reading the forum(s) here then you KNOW we need much more info - ideally presented in a structured format (there are examples in the preceding pages or in the Prices Paid forum) to provide what you request. You also could've received a trade-in value from qbrozen over in the respective forum and shopped your Civic around to many dealers. You're going to sign Wednesday and you don't know the money factor, capitalized amount, etc.?????
Nonetheless, here's my feeling; the few numbers provided look VERY good for the dealer. 3000 trade plus 750 and you're at 219? RUN!