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Honda CR-V Lease Questions

569 messages,  Last post on Nov 11, 2009 at 3:10 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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#464 of 569
Re: Is this a good lease? [AXM23] by hondalicious
Mar 19, 2009 (6:47 am)
Reply

Replying to: AXM23 (Mar 18, 2009 12:57 pm)

i signed a lease in October 2008 on one of the first 09s shipped in from Hamamatsu, Japan. CRV EXL (no nav) for $350 out of pocket, $350 a month for 36 months, all fees rolled in. 15k miles per year. This rate is based on MA tax of 5%.
#465 of 569
URGENT!!!! CR-V EX-L 2WD by iceyhotj
Apr 12, 2009 (4:03 pm)
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Hi,
I currently have the below offer:
 
EX-L w/o Nav 2WD
$1,000 down
36 months with 12/k miles
$359 a month with tax (in California)
Destination, DMV fees etc. rolled into the payment (i think)
 
Help!!!! is this a good deal??!!!! They are waiting for me as I type this!!!
#466 of 569
Re: URGENT!!!! CR-V EX-L 2WD [iceyhotj] by hondalicious
Apr 12, 2009 (5:53 pm)
Reply

Replying to: iceyhotj (Apr 12, 2009 4:03 pm)

Nope.
 
Got my 2009 EX-L w/o Nav 4WD
$0 down
36 mo, 15k miles.
$350 month w/tax (MA 5%)
All fees rolled in.
 
Lean on them a bit more.
#468 of 569
Help on Lease for CR-V EXL by crv_buyer
Apr 24, 2009 (7:25 pm)
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Help! Is this a good deal to lease a 2WD CR-V EX-L w/ NAV for 36 mo, at 15k mi?
  
Initial Cap Cost: $26,418
$2000 down (incl down payment, first month, bank fee, DMV, Tax and License)
Lease end value %: 55%
Guarantee Lease End Value: $15,545.75
Base Monthly: $390.20
Total Monthly (incl my county tax in CA): $426.29
  
Should I negotiate the initial cap cost lower, or make sure they are including the dealer cash?
#469 of 569
Re: Help on Lease for CR-V EXL [crv_buyer] by stoopy
Apr 26, 2009 (1:45 am)
Reply

Replying to: crv_buyer (Apr 24, 2009 7:25 pm)

MSRP is $28,265 if your residual is $15,545.75. That means your sale price is a whopping $442 off sticker. You need to get AT LEAST $2,000 off sticker without putting any money down. You could lease a BMW 3 Series fully loaded for $426. It's ridiculously high.
#470 of 569
Help!! CR-V Lease Evaluation by dr973
May 09, 2009 (2:38 pm)
Reply
I am considering leasing a 2009 CR-V (LX or EX).. Below are the qoutes for a 12K mile/year lease that I received for each model from a reputable dealer in Northern NJ that I have dealt with in the past. Credit score is in the high 700's / low 800's. Not sure how to exactly evaluate the below or how to go about negotiating a better deal on either one. Is there any room to do so? Any feedback would be greatly appreciated.
 
CR-V LX
MSRP $23,115
After Invoice/Incentive $21,000
Out of Pocket amount $1,291.42
Monthly Payment $302.42
Residual .61
Money Factor .0025
 
CR-V EX
MSRP $25,365
After Invoice/Incentive $23,000
Out of Pocket amount $1,347.76
Monthly Payment $358.76
Residual .61
Money Factor .0025
#471 of 569
Re: Help!! CR-V Lease Evaluation [dr973] by kyfdx HOST
May 10, 2009 (5:24 am)
Reply

Replying to: dr973 (May 09, 2009 2:38 pm)

Are you sure the EX has the same residual and money factor? Because, with the selling price of each car being about the same percentage off MSRP, the difference between lease payments should be about the same percentage as the MSRP difference..
 
With the difference in MSRP and selling price at about 10%, the lease payment should only be 10% higher as well, or around $332/mo., not $358/mo.
 
It's possible the residual numbers on the EX are different, which would account for the discrepancy, but if they aren't, then the EX payment should be lower. I like the EX a lot, but not $56/mo. more...
 
regards,
kyfdx
#472 of 569
Re: Help!! CR-V Lease Evaluation [kyfdx] by dr973
May 10, 2009 (9:32 am)
Reply

Replying to: kyfdx (May 10, 2009 5:24 am)

Actually, I believe the residual may be .59 on the EX.
#473 of 569
Re: Help!! CR-V Lease Evaluation [dr973] by kyfdx HOST
May 10, 2009 (5:16 pm)
Reply

Replying to: dr973 (May 10, 2009 9:32 am)

Given the monthly payments, that sounds probable...
 
Prices seem decent... CR-Vs have never had really low lease payments, historically..
 
The LX seems like a better deal, though if you want the goodies on the EX, that won't matter much...

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