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Prices Paid: Buying & Leasing Experiences Honda CR-V Lease Questions
600 messages, Last post on Dec 05, 2009 at 5:22 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: djhalptert (Feb 16, 2009 10:53 pm)
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Replying to: sleepysue (Feb 16, 2009 1:43 pm) $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.
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Replying to: iceyhotj (Feb 16, 2009 11:27 pm)
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Replying to: djhalptert (Feb 17, 2009 12:08 am) P.S. I have a difficult time fitting into cars because I'm only 4'8". 
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Replying to: stoopy (Feb 16, 2009 11:52 pm) that money factor with honda is ridiculously high....compared to nissan which is .00158 (for the altima)...but its too bad i don't like nissan!! |
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Replying to: iceyhotj (Feb 17, 2009 9:52 am) I thought you meant you didn't like the interiors because they were small. Guess I was wrong! Watch out on the Vue lease. The dealer will be using an outside bank. GM is not leasing at this time. Outside banks CAN have competitve pricing but they can also have a lot of B.S. like disposition fees, etc. |
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Replying to: djhalptert (Feb 16, 2009 10:53 pm) It is not just Honda, it is the leasing in general. Manufacturers and leasing companies can't predict what will happen in 3-5 years and what resale values will be. So, they project the worst and adjust the leasing rates accordingly. Plus, anyone who jumps in on these leases is subsidizing the current vehicle returns which resale value dropped 50% in the last few months. With interests so low, and with good credit history, it is a nobrainer that financing is the way to go, if one does not have cash to buy it out right. As to the original complaint that he/she can no afford any SUV... look lower, EX-L is the top of the line. LX and Ex have the same engine and transmission, and the only difference is skin deep. A 2009 CR-V LX AWD should be selling around $20,000. With a $4,000 (20%) downpayment one could buy it for less than $300/month on a 60 month note. Even with just paying the fees and taxes, approx $2000, one could finance it for very close to $300/month. One thing to consider is that Honda does not have tiers when it comes to financing. you either qualify (FICO 700+) or don't. If you don't, then dealers will try to find financing on the side, but the rates are going to be higher than what Honda Finance Corporation offers. Good luck.
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Good afternoon all, Would someone be so kind to post the current residual and money factor for a 36/15 lease of a 2009 CR-V EX 2WD? Thank you!
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Replying to: blueiedgod (Feb 19, 2009 9:50 am) |
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| 2009 LX AWD, so how does $617 drive off with $345 a month for 39 months at 15k a year sound? i'm here in the Socal | |
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