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Honda CR-V Lease Questions

582 messages,  Last post on Nov 21, 2009 at 6:19 PM

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

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#487 of 582 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 582 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 582 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 582 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 582 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 582 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 582 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 582 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
#495 of 582 CARMAN, help please ! by jimbowho Jul 14, 2009 (1:47 pm)
My wife would like to LEASE a Honda CR V 4WD EX-L for 36 months with 15,000 miles a year. Only other option she needs is REMOTE STARTER.    Given that we're willing to go out of pocket $2,000. (for 1st, sec deposit, mv and cap cost red) how much would you be willing to pay per month in the central/south Jersey area?    THANK YOU VERY MUCH!    JimboWHO Replies to this message: Car_man (Jul 16, 2009 2:25 am) jimbowho (Jul 16, 2009 5:46 am) Car_man (Aug 25, 2009 2:05 am)
#496 of 582 Re: 09 CRV EX 2wd [sleepysoo] by Car_man HOST Jul 16, 2009 (2:16 am)
Replying to: sleepysoo (Jul 03, 2009 5:32 pm) Here's the information that you're looking for, sleepysoo. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CR-V EX 2WD with 12,000 miles per year are .00210 and 57%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.   The $500 dealer cash that you mentioned is the only cash incentive that is available on this model at this time.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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