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Honda CR-V Lease Questions

601 messages,  Last post on Dec 08, 2009 at 3:27 AM

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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#447 of 601
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 601
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".
#449 of 601
Re: CR-V EX Lease [stoopy] by sleepysue
Feb 17, 2009 (12:10 pm)
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Replying to: stoopy (Feb 16, 2009 11:52 pm)

thanks! well, now i'm glad my trade-in value sucked! lol...i think i'm going to just hold off for several more months and see what happens.
 
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!!
#450 of 601
Re: 2009 CRV EX-L no Nav [iceyhotj] by djhalptert
Feb 17, 2009 (12:11 pm)
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Replying to: iceyhotj (Feb 17, 2009 9:52 am)

$270 was for a Subaru Outback Special Edition Wagon for 36 months. You can lease a Forester Premium Package for around $320. If it's just all wheel drive you want, you can get a Subaru Legacy Special Edition for $220 a month on a 24 month lease. I sound like I work for them.
 
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.
#451 of 601
Re: 2009 CRV EX-L no Nav [djhalptert] by blueiedgod
Feb 19, 2009 (9:50 am)
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Replying to: djhalptert (Feb 16, 2009 10:53 pm)

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.
 
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.
#452 of 601
Money factor & residual - 09 CR-V EX 2WD by ronbars
Feb 20, 2009 (2:37 pm)
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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!
#453 of 601
Re: 2009 CRV EX-L no Nav [blueiedgod] by tedspread
Feb 23, 2009 (2:15 pm)
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Replying to: blueiedgod (Feb 19, 2009 9:50 am)

FYI - AHFC DOES have credit tiers. Dealers are not allowed to "mark up" a money factor or interest rate when there is a special program (subvented rate or MF). So when there is a special program, dealers will always try to get you the best rate you qualify for. If there is no special program program, they are allowed to mark them up.
#454 of 601
by sexybeast
Feb 23, 2009 (6:06 pm)
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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
#455 of 601
Re: Money factor & residual - 09 CR-V EX 2WD [ronbars] by Car_man HOST
Feb 25, 2009 (2:57 am)
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Replying to: ronbars (Feb 20, 2009 2:37 pm)

Greetings ronbars. Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CR-V EX 2WD with 15,000 miles per year are .00280 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier and pay a security deposit at lease signing.
 
When negotiating your lease on this vehicle, make sure to take the $500 dealer cash that is currently available on it into account.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#456 of 601
Re: [sexybeast] by Car_man HOST
Feb 25, 2009 (3:01 am)
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Replying to: sexybeast (Feb 23, 2009 6:06 pm)

Hey you sexybeast you. The best way to evaluate this lease is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are being given. Let us know what the selling price is and either myself or another helpful community member will be glad to let you know what they think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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