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Honda CR-V Lease Questions

596 messages,  Last post on Dec 01, 2009 at 4:59 PM

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What is this discussion about? Honda CR-V, Car Leasing, Wagon, SUV

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#485 of 596 Re: CR V lease rates [gilmorej] by blueiedgod Jun 19, 2009 (8:44 am)
Replying to: gilmorej (Jun 18, 2009 6:56 pm) CR-V LX AWD $273x36 = $9828 + $999 = $10827   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. Replies to this message: gilmorej (Jun 19, 2009 9:42 am)
#486 of 596 Re: CR V lease rates [blueiedgod] by gilmorej Jun 19, 2009 (9:42 am)
Replying to: blueiedgod (Jun 19, 2009 8:44 am) You're right...I believe the difference is $5,000 is the MSRP. I have the exact same lease offer on the LX from two different dealers. I have asked the dealer that gave the EX-L lease quote exactly which vehicle he is talking about since there is a range of prices depending on options....
#487 of 596 Using Leased CR-V As Trade-In by irishdriver Jun 22, 2009 (2:06 pm)
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!
#488 of 596 Lease Deal CR-V AWD EX-L - Good Price? by sonoma34 Jun 25, 2009 (7:22 pm)
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 Replies to this message: Car_man (Jun 30, 2009 2:47 am) blueiedgod (Jul 02, 2009 9:01 am)
#489 of 596 Re: CRV EX-L residual [gilroy34] by Car_man HOST Jun 30, 2009 (2:38 am)
Replying to: gilroy34 (Jun 10, 2009 10:07 am) You're very welcome, gilroy34.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#490 of 596 Re: CR V lease rates [ed1948] by Car_man HOST Jun 30, 2009 (2:41 am)
Replying to: ed1948 (Jun 15, 2009 12:51 pm) Hi ed1948. Manufacturers do often get more aggressive with their lease programs as the model year progresses. The problem is that they are fighting an up hill battle because vehicles' residual values gradually decline as the model year progresses as well. The lower a vehicle's residual values are, the more expensive it is to lease. At some point, it becomes too expensive for manufacturers to provide attractive lease payments on leftover vehicles and they pull the plug on their special lease program.   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
#491 of 596 Re: Lease Deal CR-V AWD EX-L - Good Price? [sonoma34] by Car_man HOST Jun 30, 2009 (2:47 am)
Replying to: sonoma34 (Jun 25, 2009 7:22 pm) Hi sonoma34. The easiest way for me to evaluate a lease, particularly an advance pay lease such as this, is to look at the selling price that you are being charged for it. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is very difficult to tell how large a dealer discount you are being given. Let us know what the selling price is on this specific deal and I'm sure that either myself or another knowledgeable community member will be happy to tell you what they think,   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#492 of 596 Re: Lease Deal CR-V AWD EX-L - Good Price? [sonoma34] by blueiedgod Jul 02, 2009 (9:01 am)
Replying to: sonoma34 (Jun 25, 2009 7:22 pm) One time payment of $14,098.00, 36 month, 12K per year.   Works out to $391.60 per month. What do you think?
#493 of 596 09 CRV EX 2wd by sleepysoo Jul 03, 2009 (5:32 pm)
does anyone know the current residual on the 09 CRV EX 2wd? 36 month lease, 12k miles/year. I read on here that it was 60%, but when I got to the dealership, they told me it was 58%. And, from other posts, it seems like some people are quoted 56%? And, is $500 the only dealer incentives out there for the CRV?   and, is anyone negotiating the price of the car below invoice to get your final monthly payments? Or are you guys all at invoice or a little over?   thanks!!! Replies to this message: Car_man (Jul 16, 2009 2:16 am)
#494 of 596 Deal/No Deal by sonoma34 Jul 10, 2009 (7:22 am)
2009 Cr-V AWD Ex-L - One time lease payment. OTD = $12,323.74   Cap Cost = $25,609.00 Residual value = $17,052.52 amort amount. = $8,556.45 Rent Charge = $8556.45 Base Payment= $111.67.17 Sales Tax= $670.03 Reg/Title= $160.00 Doc.Fee= $326.54

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