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Prices Paid: Buying & Leasing Experiences 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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Do lease rates on Honda CR V's typically go down in late July/Aug when they are trying to unload the 09's? thanks |
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Replying to: ed1948 (Jun 15, 2009 12:51 pm) $273 for 36 months $999 down 12,000 mi/yr This is a closed end lease and I do not have the residual value they are leading. Opinions on out there on whether this is a good deal? Another dealer offered me the following terms on a CR-V EX-L $342 for 36 months $3,000 down 12,000 mi./yr This did NOT seem like a very good deal
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Replying to: gilmorej (Jun 18, 2009 6:56 pm) CR-V EX-L AWD? Navi? $342 x 36 = $12312 + $3000 = $15312 Is there $5000 difference between LX AWD and EX-L AWD Navi? It helps to compare apples to apples, and not oranges. Ask both dealers for qoutes on the same vehicle.
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Replying to: blueiedgod (Jun 19, 2009 8:44 am) |
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Small scenario for which I seek local wisdom  Ive got a CR-V that I am in mid-lease through Honda financial. I have kept it in excellent condition and am within mileage etc. Due to growing family needs, I would like to purchase a larger vehicle. Based on my market research (local sales, edmunds, kbb, nada, etc.) my CR-V is worth approximately $17-$17.5k in trade. I have been offered these figures as well from local dealerships in trade. My current payoff (residual + remaining payments) is $18500. I contacted Honda Financial and they said that if I used the vehicle as trade-in there would be no additional fees outside of the payoff amount. My lease contract also prevents me from selling the vehicle to a third party (or transferring the lease) so if I wanted to sell it I would probably have to buy it myself, pay TTL etc., then sell it...which would negate any equity I might gain from Private Party sale. Long story short. What do I need to consider when trying to use this vehicle in trade-in? Will the dealership payoff the full payoff and then add the difference from trade-in value to the vehicle I am purchasing? I can accept the ~$1k negative equity to get out of the lease and into something more suitable. Helpful cliffs: Leased CR-V payoff is $18500. Trade-In Value is $17500. Financing for new purchase has been lined up through my bank, not a dealership. I have several thousand for down payment. (or should I put this towards the lease to remove the negative equity?) Many thanks! |
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I am in the final stages of leasing the EX-L. What doe carman think of this deal? One time payment of $14,098.00, 36 month, 12K per year. Includes all taxes, doc fee, and registration. I am in a 6% sales tax state. looking to close the deal by first week of July. Thanks
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Replying to: gilroy34 (Jun 10, 2009 10:07 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: ed1948 (Jun 15, 2009 12:51 pm) It's difficult to say what Honda's July / August lease program will be like on the Civic. It certainly is possible that it will get better (there's significant room for it to enhance this model's money factors), but I can't guarantee that it will. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: sonoma34 (Jun 25, 2009 7:22 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: sonoma34 (Jun 25, 2009 7:22 pm) Works out to $391.60 per month. What do you think? |
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