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Honda CR-V Lease Questions

1230 messages,  Last post on May 22, 2013 at 4:13 PM

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

Messages Page 75 of 124

#737 of 1230 Re: CRV Lease [colleen178] by blueiedgod

Jul 29, 2010 (9:43 am)

Replying to: colleen178 (Jul 28, 2010 1:50 pm)
Just went to dealer and they pi$$ed me off! Tried to give me $16,200 for my 2007 CRV with 29K. Then they wanted me to give them $3600 dp for a monthly payment of $252. Residual value was 63% which made buy out $16K+ at end of lease. They should have offered me at least $17,400 for my trade and I think residual should have been 57% plus they were charging me full price for car. I got mad at finace guy and walked out. He was a jerk. My salesman is a good guy and I felt bad for him. Finance guy killed the deal. I'm going to another Honda dealer today or tomorrow, hope to do better. Any words of advice from anyone before I go to the next dealer? Thanks!
 
Let me get this straight. You have leased a 2007 CR-V, right? And you are trying to buy it out?
 
Why are you going to dealers?
 
Your lease agreement should state what your buy out is at the end of the term, unless it does not allow you to purchase it at the end of the lease term.
 
Is it LX, EX? 2WD, AWD? What state are you in?

#738 of 1230 Re: CRV Lease [blueiedgod] by colleen178

Jul 29, 2010 (10:08 am)

Replying to: blueiedgod (Jul 29, 2010 9:43 am)
I was there to trade my 2007 CRV EX for a 2010 CRV EX 4WD. I'm in NYS.

#739 of 1230 Re: CRV Lease [colleen178] by blueiedgod

Jul 29, 2010 (12:54 pm)

Replying to: colleen178 (Jul 29, 2010 10:08 am)
I was there to trade my 2007 CRV EX for a 2010 CRV EX 4WD. I'm in NYS.
 
Do you own the 2007?
 
Are you leasing the 2010?
 
What is wrong with 2007 that you want out of it into the same 2010?

#740 of 1230 Re: CRV Lease [colleen178] by delta737h

Jul 29, 2010 (3:41 pm)

Replying to: colleen178 (Jul 27, 2010 7:55 pm)
Colleen178,
 
It's really difficult to tell whether or not you got a good deal. From the data you provided in post #733, the 2007 CR-V selling price appears to have been 24,000 and the gross cap 24,595 (24,000 + 595 acq fee). I have no idea what a competitive selling price on a 2007 CR-V would have been three years ago. My best guess is that it appears reasonable. Your money factor was 0.00300 which equates to 7.20%. Don't know what market rates were back then but it seems kind of high. Did you have Tier 1 credit?
 
I can't comment on the 5,128 that they gave you for your trade because I have no idea what your trade was worth.
 
I can tell you that all the calculations appear to be done correctly including the NY sales tax calculation at 8.00%.
 
John

#741 of 1230 2010 Honda CR-V EX Lease by frog22

Jul 29, 2010 (7:09 pm)

Last week I leased a 2010 4WD Honda CR-V EX w/ 12,000 miles per year, 36 months.
 
 I put only taxes, DMV fees and first month's payment down (about $1400), and the payments are $275 a month.
 
This is my first Honda and only my second lease. How'd I do?

#742 of 1230 Re: 2010 Honda CR-V EX Lease [frog22] by CapeCod

Jul 30, 2010 (11:58 am)

Replying to: frog22 (Jul 29, 2010 7:09 pm)
New to leasing so I may ask 'foolish' questions...
Should I be putting more $$$$ into the down payment of a lease to lower the monthly rate or is that counter productive???
Post # 741 shows a $275 payment with only $1400 down!
What would the Money factor for that deal work out to?
Toyota is offering me .ooo2 MF which I think is good...
so it probably means they are beating me somewhere else, right???
BTW I am torn between RAV, CR-V, or Prius ???

#743 of 1230 Re: CRV EX lease [veno12] by Car_man HOST

Aug 03, 2010 (4:49 am)

Replying to: veno12 (Jul 17, 2010 1:47 pm)
Hi veno12. You never mentioned what this vehicle's selling price is. This is a very important number to know when leasing. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price, it is more difficult to tell how large a dealer discount you are being given, and in turn if there is more room left to negotiate. Let us know what this number is and I'm sure that either myself or another knowledgeable community member will tell you what they think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#744 of 1230 CRV EX-L 4WD MF and Residuals by r56mellowyell

Aug 03, 2010 (10:46 am)

Car Man:
 
Could you post the residuals and MF's on a 2010 CR-V EX-L 4WD. 12,000 miles lease for both 24 and 36 months. If it matters, I'm in California.
 
Thanks,

#745 of 1230 2010 Honda CRV EX-L Navi 4WD Lease by supera

Aug 03, 2010 (5:24 pm)

Hi,
 
Pl let me know if I got a good deal. This is for the 2010 CRV EX-L 4WD with Navi. State is NJ (7% tax). This is for 24 month lease/12,000 miles/yr. Have Tier A credit.
 
Agreed Value of car - $28404
 
Gross Cap Cost - $29764
Cap Reduction - $2266
Adj Cap Cost - $27498
Residual Value - $19841
Depreciation - $7657
Rent Charge - $1556
Months - 24
Total Monthly Payment - $375 (includes tax)
 
Paid the following out the door
Cap Cost reduction - $2260 +
First Monthly Payment - $375 +
Registration Fees - $191 +
Doc Fee - $249

#746 of 1230 Re: 2010 Honda CR-V EX Lease [CapeCod] by Car_man HOST

Aug 04, 2010 (2:33 am)

Replying to: CapeCod (Jul 30, 2010 11:58 am)
Welcome CapeCod. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
In answer to your specific question, it is in your best interest to put as little money down as possible when leasing. Consumers who make large down payments on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it's much safer to go with a zero down lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 75 of 124

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