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Honda CR-V Lease Questions

600 messages,  Last post on Dec 05, 2009 at 5:22 PM

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What is this discussion about? Honda CR-V, Car Leasing, Wagon, SUV


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#244 of 600
2008 CR-V EX AWD Lease Price by cjconnor
Oct 28, 2007 (5:35 am)
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This is the deal the dealership is willing to give me on a new 2008 CR-V EX AWD in Columbus, OH. Also, we are trading in a gas-guzzling 2006 Honda Pilot 4WD (averages 15 mpg, so we are downsizing and hoping for an overall average of 20 mpg on the CR-V). We owe 23500 and the dealer will give us $21800. This was the best appraisal we got from 7 different dealerships. So with that said, here is the breakdown:
-2008 CR-V EX AWD - $23900 (about halfway between MSRP and Invoice)
-$0 down (except first month's payment)
-39 month lease. We wanted a 36, but the 39 actually shaved off over $20 on the monthly payment, and 3 months past warranty is, to me, no issue.
-15K miles per year
-Residual is 62% (residual for 36 month was the same)
-$420/month
We actually got a 0.0023 Money Factor, which seems to be lower than most I have researched.
Anyone with information on whether or not they think this is a good deal considering the trade-in and not placing any money down (which I would never do on a lease), and also if the 39 mo. vs the 36 mo. is a good choice to save over $20 per month, it would be greatly appreciated as we plan on signing the papers and picking up on Monday.
Thanks!
#245 of 600
2005 honda crv se by sam91
Oct 28, 2007 (7:04 am)
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I AM CURRENTLY LEASING 2005 HONDA CRV MY LEASE IS GOING TO EXPIRE IN MARCH 2008 .THE DEALER IS OFFERING ME 15900$ INCLUDING TAX +600$ DEALERS FEE I WANT TO ASK U IS THIS A GOOD DEAL TO GO WITH OR SHOULD I BUY A NEW CRV WHEN THE LEASE EXPIRE OR WAIT TILL MARCH TO GET A BETTER OFFER.THIS 15900$ OFFER IS FOR NEXT WEEK.
#246 of 600
Looking for Advice in Buying Vs. Leasing 2008 Honda CRV by shamcc
Oct 29, 2007 (9:14 am)
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Hi there -
I am interested in buying a Honda CRV in the near future (less than 30 days). I have a trade-in of a 2002 VW Passat that I think is better of being traded in to the dealer versus sold privately. I should get about $3K for it. Does that automatically put me in the "buy" camp - as I don't like to put money down on a lease. Are there other options? If I had to go this route, about what could I expect my monthly payments to be for a 3 year (would consider a few more if it makes it easier / cheaper). Any advice? I appreciate it! Being female - any advice in car buying is appreciated! It's a jungle out there! ShaMcc
#247 of 600
Re: 2008 CR-V EX AWD Lease Price [cjconnor] by esomniac
Oct 29, 2007 (9:31 am)
Reply

Replying to: cjconnor (Oct 28, 2007 5:35 am)

Hi CJ,
 
If I were you, I'd be hesitant. The thing is that I'm in Mass and I'm getting internet quotes of $20K-21K for an 08 CR-V. Now, I'm getting quotes on an LX so that may have a big part to do w/ it, but for a lease I'm also getting quotes of $300 a month. Not $420.
 
You may want to separate the two transactions - getting rid of your lease and buying the new vehicle.
 
Just my thoughts.
 
Good luck.
#248 of 600
Wanted to share my research on CR-V leases in Boston area by esomniac
Oct 30, 2007 (8:55 pm)
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Hi Everyone,
 
So I just got back from Boch after signing up for a 08 Civic LX ( 230/mo, 15K mi/yr, 36 months).
 
Oh ya, did I mention this was after lusting after an CR-V for the last week or so?
 
Anyway, I spent the last week contacting more than 18 dealers around Greater Boston and a few in New Hampshire via email. Based on this research, this may provide some insight into what dealers are doing or willing to do in terms of pricing for the CR-V.
 
Email requests for quotes from dealers lead to internet only deals for an 08 CR-V LX (4wd). Internet prices were $20371 to mid $21K or so.
 
The per month payments were mostly around $300/mo, $315/mo, $330/mo, some all the way up to $350 or more!
 
Finally, I picked up the phone and the best deal I could've gotten was through Boch for $277/mo plus $671 due at signing. Nothing down. I wish I could've afforded it...The price was based on below invoice (a couple hundred buck apparently) - I think it was $20,567 w/ a money factor of .0028.
 
Hope that helps you guys still in the market.
#249 of 600
2008 Honda CRV 15K MF and Residual by lfahome
Nov 02, 2007 (9:12 am)
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I'm in the market for a 2008 CRV and have requested quotes from local dealers. I'd be very interested in knowing the residual and MF for a 2008 CRV AWD. I'd like to know this for both 12K and 15K miles.
 
Also, I have a question regarding the security deposit and disposition fee. I've included a link below which I've found very useful in helping me figure out the payment.
 
http://www.edmunds.com/advice/leasing/articles/48365/article.html
 
What I'd like to make sure is whether I need to include the security deposit and disposition fee as part of the net capitalized cost. I'm referring to #4 (in the link above) which is the "Invoice price of car minus incentives (net capitalized cost)".
 
Thanks!
#250 of 600
MF and Residual: 2008 CR-V EX-L AWD by jpauto
Nov 04, 2007 (6:00 pm)
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Hi,
 
I will be deciding between a CR-V and the Pilot and would greatly appreciate the November 2008 money factor and residual for this car (2008 CR-V EX-L AWD - no nav) to aid in figuring out how they lease out. Looking for 36 months and 12k miles per year.
 
Thanks!
#251 of 600
Re: 2008 CRV LX Residuals and Money Factor [friendlyleaser] by Car_man HOST
Nov 12, 2007 (3:56 am)
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Replying to: friendlyleaser (Oct 09, 2007 7:47 am)

Hi friendlyleaser. Honda is not currently providing any lease support on the 2008 CR-V. As a result, if you were to lease one through Honda Finance you would have to use its standard lease program. Its current buy rate lease money factor for 36 month leases is .00270 for consumers who qualify for its top credit tier and pay a security deposit at lease signing. Honda Finance's current 36 month, 15,000 mile per year residual value for the '08 CR-V LX AWD is 62%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#252 of 600
Re: 2008 CRV Residuals and Money Factor [shtirlets] by Car_man HOST
Nov 13, 2007 (2:10 am)
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Replying to: shtirlets (Oct 19, 2007 7:06 am)

Hi Leonid. Through November 30th, Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda CR-V LX 4WD with 12,000 miles per year are .00270 and 64%, respectively for consumers who qualify for its top credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical lease of an '08 CR-V EX 4WD are .00270 and 64%. The numbers for an otherwise identical lease of an '08 CR-V EX-L 4WD are .00270 and 63%. I believe that 12,000 miles per year is the lowest mileage allowance that Honda Finance leases vehicles with.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#253 of 600
Re: 2008 CRV-4WD EX-L Residuals and Money Factor [shtirlets] by Car_man HOST
Nov 13, 2007 (2:26 am)
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Replying to: shtirlets (Oct 22, 2007 2:17 pm)

Hey Leonid. See my previous post for an answer to your question.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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