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Honda CR-V Lease Questions

596 messages, Last post on Dec 01, 2009 at 4:59 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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
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Replying to: dr973 (May 09, 2009 2:38 pm) 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
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Replying to: kyfdx (May 10, 2009 5:24 am)
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Replying to: dr973 (May 10, 2009 9:32 am) 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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Can anyone confirm the June 09 CR-V residuals for a 12k 36 month lease on: 2wd LX 2wd EX I've seen 61% on a few sites, but the advertised lease special on the Honda site works out to be 60%. I'm about to start working on some dealers and having accurate numbers will help. Also, the money factor I'm using is .0025, is this still correct? Thanks.
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| I like the new body style for the CRV, but was curious if they've lost any room in the interior? | |
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Replying to: goinggone (Jun 06, 2009 4:01 am) When negotiating your lease on this model, make sure to take advantage of the $500 dealer cash that is currently available on it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hi Car-man! You are just the person I'm looking for! I'm currently looking at a 2009 CR-V EXL with navigation. The salesperson is quoting me a money factor of .00250 and a 56% residual. Is 56% correct? Wouldn't it be the 60% you mentioned for the other CRV leases? Any help would be greatly appreciated! |
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Replying to: gilroy34 (Jun 09, 2009 1:20 pm) 2009 Honda CR-V 2009 Honda CR-V 4WD EX 24-month | 15k miles | residual 67% | .00250 base money factor 36-month | 15k miles | residual 59% | .00250 base money factor 48-month | 15k miles | residual 50% | .00305 base money factor 60-month | 15k miles | residual 40% | .00310 base money factor 2009 Honda CR-V 4WD EX-L 24-month | 15k miles | residual 64% | .00250 base money factor 36-month | 15k miles | residual 56% | .00250 base money factor 48-month | 15k miles | residual 47% | .00305 base money factor 60-month | 15k miles | residual 38% | .00310 base money factor 2009 Honda CR-V 4WD EX-L w/ Navigation 24-month | 15k miles | residual 62% | .00250 base money factor 36-month | 15k miles | residual 55% | .00250 base money factor 48-month | 15k miles | residual 46% | .00305 base money factor 60-month | 15k miles | residual 37% | .00310 base money factor 2009 Honda CR-V 4WD LX 24-month | 15k miles | residual 66% | .00250 base money factor 36-month | 15k miles | residual 59% | .00250 base money factor 48-month | 15k miles | residual 50% | .00305 base money factor 60-month | 15k miles | residual 39% | .00310 base money factor
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Replying to: bigdadi118 (Jun 09, 2009 2:34 pm) Yes, it is 36 months at 12k miles. Is 56% correct? Car-man was talking about 60% residual for 36 month/12k leases on LX and EX. Would it drop this much for the EX_L w/nav? Are there charts that correspond with 12k miles leases? Thanks for the help!
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