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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) 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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Replying to: ronbars (Feb 20, 2009 2:37 pm) 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 |
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Replying to: sexybeast (Feb 23, 2009 6:06 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Feb 25, 2009 3:01 am) the payment would be for a 2009 AWD LX- $637 drive off, 38 months x $336.29 tax included w/ nocharge for dealer trade
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Replying to: sexybeast (Feb 25, 2009 1:12 pm)  We've got a 42 mos lease on an '06 Pilot EX-L AWD for $369/mo (which includes 6% tax here in CT), $0 due at signing, and 1st mo free. The MSRP of that car was about $35K if I recall correctly. We're now looking at an '09 Odyssey but we're also planning on leasing an '09 Pilot and '09 CRV EX w/NAV at the same time with other family members. I'm hoping March will bring some better lease numbers or the power of leasing 3 cars at once will help! |
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Replying to: sexybeast (Feb 25, 2009 1:12 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Really new to trying to figure out whether or not I am getting a good lease deal, so any help would be appreciated. I read a bunch of posts on here yesterday so hopefully I am providing all of the right info. Here goes: CRV EX-L with Navigation 2 wheel drive 36 month term 12K miles/year Cost - $24,251 Residual 56% Money Factor .0025 Drive off $759 Monthly with tax $445 Is there anything else I should be asking? |
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