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Honda CR-V Lease Questions

589 messages,  Last post on Nov 25, 2009 at 5:41 PM

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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#51 of 589
Re: Lease on a CRV 2WD LX [Car_man] by brianb
Jun 13, 2006 (6:54 am)
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Replying to: Car_man (Jun 13, 2006 3:13 am)

Thanks for the help.
 
The MSRP is 20,300 but I had an offer for $17,800.
#52 of 589
Lease on a CRV 2WD EX by mokiavelli
Jun 18, 2006 (8:24 pm)
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I am in the San Diego Area. The MSRP is $23,100. I have been offered a price of $20,200. I am looking for a 3 year lease. Assuming excellent credit, what type of money factor and residual value should I be expecting? What type of payment amount am I looking at? Thank you for any help.
#53 of 589
Re: Lease on a CRV 2WD EX by juliefromjerzy
Jun 23, 2006 (3:11 am)
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Replying to: mokiavelli (Jun 18, 2006 8:24 pm)

Hi can you post the numbers for 2006 CRV EX 4wd, and the Special addition.
 I am looking for 36 months 15,000 miles a year no money down. I am in New Jersey. Thanks
#54 of 589
Re: Lease on a CRV 2WD LX [brianb] by Car_man HOST
Jul 03, 2006 (2:54 am)
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Replying to: brianb (Jun 13, 2006 6:54 am)

You're welcome, brianb. OK, according to my calculations, if you were to lease a 2006 Honda CR-V LX 2WD with an MSRP of $20,300 and a selling price of $17,800 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $205. Wow, that's a really low payment for this truck. I wonder if the price that you were quoted for it took the $750 dealer cash that is currently available on the '06 CR-V into account. This dealer cash is not compatible with Honda Finance's special lease program, so if the price that you were quoted was using the dealer cash the payment that I came up with is unrealistically low.
 
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#55 of 589
Re: Lease on a CRV 2WD EX [mokiavelli] by Car_man HOST
Jul 03, 2006 (3:02 am)
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Replying to: mokiavelli (Jun 18, 2006 8:24 pm)

Greetings mokiavelli. If you were to lease a 2006 Honda CR-V EX 2WD through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00144 and 59%, respectively assuming that you pay a security deposit and qualify for Honda Finance's "Super Preferred" credit tier (have a credit score of 710 or higher). Using the prices that you mentioned in your post, an MSRP of $23,100 and a selling price of $20,200, I estimate that your truck's zero down, pre-tax monthly payment should be around $232.
 
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#56 of 589
Re: Lease on a CRV 2WD EX [juliefromjerzy] by Car_man HOST
Jul 03, 2006 (3:04 am)
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Replying to: juliefromjerzy (Jun 23, 2006 3:11 am)

Here you go, juliefromjerzy. According to the latest information that I have seen, if you lease a 2006 Honda CR-V EX 4WD through Honda Finance on or before July 5th for 36 months with 15,000 miles peer year, its buy rate lease money factor and residual value should be .00144 and 59%, respectively.
 
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#57 of 589
2006 CRV Lease by hipmommee4
Jul 06, 2006 (6:30 pm)
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Greetings, I am "new" to leasing and having been following the posts to learn a thing or two. I always thought that down payment was required for leasing and I have seen a number of posts discouraging this, or trying to limit the amount down. Can someone clarify for the newbie? Isn't first/last payment and security deposit required? Or can all those things be added in, making it $0 down? My husband and I have excellent credit and a few months left on our current lease (through his employer) and are looking at the CRV EX for a 36 month, 15k mileage lease. Thanks!
#58 of 589
CR-V lease?? by mac06
Jul 26, 2006 (5:54 pm)
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I am interested in a 2006 cr-v sale price of 18000. The msrp is 21,495. How will my trade payoff affect my lease payment? Thanks, terry
#59 of 589
Re: 2006 CRV Lease [hipmommee4] by Car_man HOST
Jul 31, 2006 (3:48 am)
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Replying to: hipmommee4 (Jul 06, 2006 6:30 pm)

Welcome hipmommee4. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Down payments are absolutely not required on leased vehicles. Consumers can lease any vehicle that they want without making any sort of capitalized cost reduction. Many people think that down payments are required because most advertised lease payments include some sort of down payment. The reason why they do is the down payments make the monthly payment for the advertised vehicle look more attractive than the payment for a zero down lease. All you really have to pay at lease signing are your vehicle's first month's payment, security deposit, and acquisition fee. These are different than your making a cap cost reduction. You would be able to lease your car only having to pay the first month's payment at signing if you had the security deposit waived and the acquisition fee added into its capitalized cost. Let me know if you have any other questions.
 
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#60 of 589
Re: CR-V lease?? [mac06] by Car_man HOST
Jul 31, 2006 (4:08 am)
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Replying to: mac06 (Jul 26, 2006 5:54 pm)

Hi Terry. You really should treat your trade as a separate transaction from your new vehicle lease. Doing so makes it easier to analyze how good a deal you are getting on both your new and used vehicle. The impact that your trade will have upon your deal will depend upon how much your payoff is and how much the dealer that you are working with is willing to give you for your vehicle. If your vehicle's payoff is less than the dealer is giving you for it, you have equity that you can use as a capitalized cost reduction for your new lease or have the dealer cut you a check for. If your vehicle's payoff is higher than what the dealer you are working with is willing to give you for it, to trade in your vehicle you will either have to pay money out of your own pocket or roll your negative equity into your new lease.
 
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