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Honda CR-V Lease Questions

599 messages,  Last post on Dec 02, 2009 at 5:56 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#439 of 599
Re: 2009 CRV EX-L no Nav [chuck68516] by iceyhotj
Feb 15, 2009 (11:52 am)
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Replying to: chuck68516 (Feb 15, 2009 9:18 am)

Thanks chuck68516!
 
Unfortunately (after much research) it looks like the Honda CR-V EX-L with no Nav is going to end up out of my price range for leasing and buying. I really don't want to spend more then about $300 or so a month on a car payment and that doesn't seem possible with this vehicle. In fact I'm not sure it's going to be possible with any small SUV. Guess a lot has changed from when I last leased a car (about 3 years ago). You would think with this economy and the unstable gas prices they would be more willing to deal. Oh well . . . thanks again!
#440 of 599
Am I paying too much 09 Honda CRV with Nav by dogcar7
Feb 16, 2009 (8:07 am)
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Looking at a 2009 CRV with Nav....about $29,500
Leasing for 36 months, with $5000 down for $350 month with tax.
Am I paying too much with that large a down payment ?
#441 of 599
CR-V EX Lease by sleepysue
Feb 16, 2009 (1:43 pm)
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hey guys..
 
just wanted to post some info on the deals i got, but couldn't take advantage from. I'm in southern california, in OC, and here are some numbers. Hopefully, this will help some of you when you go and buy!
 
2009 CRV EX:
 
Cap Cost: $22752
Residual: 60%
Money Factor: .00280
Term: 36 months
Drive off: $667.15 (1st month's rent and other misc. doc fees)
Total monthly payments: $345/month (that's including a 7.75% tax in my area).
 
this was with putting 0 down. i think this is a pretty decent lease, but b/c my trade in was soooo incredibly upside down, the financial burden of having to pay the negative on my trade-in was too much for me.
 
if I had taken this deal, would it have been a good one? i plugged these into my lease calculator, and the numbers don't match...my calculations came out a little higher, but this is what was offered...i have it on paper.
#442 of 599
Re: 2009 CRV EX-L no Nav [iceyhotj] by bigdadi118
Feb 16, 2009 (1:44 pm)
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Replying to: iceyhotj (Feb 15, 2009 11:52 am)

EXL is loaded so if you want the car payment to meet your budget, try the LX or EX model then.
#443 of 599
Re: Am I paying too much 09 Honda CRV with Nav [dogcar7] by djhalptert
Feb 16, 2009 (10:43 pm)
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Replying to: dogcar7 (Feb 16, 2009 8:07 am)

$5,000 down is preposterous on a lease. $5,000 down and a monthly payment of $350 is just down right absurd.
 
The problem is Honda has an incredibly high lease rate on the CR-V right now. I'd either buy it or find a competitor. The Subaru Forester is leasing for 3.84% vs the CR-V's 6.72%.
#444 of 599
Re: 2009 CRV EX-L no Nav [iceyhotj] by djhalptert
Feb 16, 2009 (10:53 pm)
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Replying to: iceyhotj (Feb 15, 2009 11:52 am)

It isn't the small SUV market that is out of whack. It is Honda. They are unwilling to offer attractive lease numbers on the CR-V right now.
 
If you are set on leasing, I would look at the Subaru Outback, Subaru Forester, Nissan Rogue, VW Tiguan. All of these vehicles have better lease rates than the CR-V.
#445 of 599
Re: 2009 CRV EX-L no Nav [djhalptert] by iceyhotj
Feb 16, 2009 (11:27 pm)
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Replying to: djhalptert (Feb 16, 2009 10:53 pm)

Thanks djhalptert! I test drove the Nissan Rogue and VW Tiguan but was very uncomfortable in both vehicles. Any opinion or thoughts on the Saturn Vue?
#446 of 599
Re: CR-V EX Lease [sleepysue] by stoopy
Feb 16, 2009 (11:52 pm)
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Replying to: sleepysue (Feb 16, 2009 1:43 pm)

I'm glad you passed on it. I don't think that is a very good deal anyway. You could pretty easily BUY that same Honda CRV EX for $40 more per month. It is pretty sad that a $22,000 car would lease for $345 a month. Most people could work an extra hour or two of overtime per month to more than cover the difference.
 
$345 a month is not a very attractive payment in my opnion. Total of 36 payments is $12,420. If you bought it, after 3 years you would only owe a little over $12K. Residual is supposed to be $15K. If you can't save $100 a month leasing vs buying, don't lease.
#447 of 599
Re: 2009 CRV EX-L no Nav [iceyhotj] by djhalptert
Feb 17, 2009 (12:08 am)
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Replying to: iceyhotj (Feb 16, 2009 11:27 pm)

If you didn't like the Tiguan or the Rogue, don't bother with the Vue. I am leaning towards the Subaru Forester right now. Although the interior is quite generic, the all wheel drive system and overall value outweighs the competition in my opinion. The interior size is way more comfortable too. Too bad the Outback is hideous. You can lease one for $270 per month with zero down.
#448 of 599
Re: 2009 CRV EX-L no Nav [djhalptert] by iceyhotj
Feb 17, 2009 (9:52 am)
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Replying to: djhalptert (Feb 17, 2009 12:08 am)

Hey djhalptert . . . Really $270 per month with zero down?! For how many months? I think my next stop this weekend will be to test drive the Subaru Forester. Thanks for the tip! I actually already test drove the Vue and liked it a lot but just didn't get into the numbers game (yet). I'm worried because it's GM . . .
P.S. I have a difficult time fitting into cars because I'm only 4'8".

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