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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 2 of 124

#2 of 1230 Honda CR-V AWD lease info by dmjjpy

Feb 14, 2006 (7:23 pm)

Could I please get the some lease info(residual, lease factor) on the CR-V? Looking to lease either 24 or 36 months with 12k or 15k.
  
Thanks in Advance!!

#3 of 1230 Be your own leassor by blueiedgod

Feb 15, 2006 (6:57 am)

I make my own leases as I please. The basic principle of leasing is that you pay for the depriciation, plus pay the leasing company to make profits for the pleasure. Why not take the middle man out and make the profits your self?
 
Examples:
 
1999 Civic EX, bought in September 1999 for $15,000, financed for 60 months at 4.9% (it was considered low rate then). Drove for two years, sold for about $12,500 (pay off was about $10,000). Total cost of "lease" $2,500 over 24 months = $104/month
 
2001 CR-V SE, bought for $23,000 in June of 2001, Financed for 60 months at 4.9%. Car got stolen, and found. Insurnace gave me $10,000 to fix. Fixed my self for $4000. Sold for $18,000 (theft recovery on the title) after a year and a half. Pay off was $18,000. If you don't count that I made $6000 on the insurance it cost me $278/month to "lease" But when you count the insurance money, the "lease" was free and I made $1000.
 
2002 Civic Si, bought for $14,500 in January of 2003, financed at 1.9% for 60 months. Sold in March of 2005 for $12,500 (pay off $8500). The cost of "lease" for 28 months is $71/month.
 
Right now I am "leasing" 2005 CR-V EX 5 man.
 
When you look at the whole picture, rather than just "what my monthly payment is going to be" you save more than traditional or baloon lease.

#4 of 1230 Re: Be your own leassor [blueiedgod] by dmjjpy

Feb 15, 2006 (12:00 pm)

Replying to: blueiedgod (Feb 15, 2006 6:57 am)
In the above examples, what were you monthly loan payments? Would they have been $100-$200 more then a lease payment?
 
And I'm not sure how you are getting your net montly costs??("loan montly payment" were calculated using Edmunds's Basic Loan Calculator)
 
1999 Civic EX
  loan monthly payment = 282.38
  total loan payments = 282.38 * 24 = 6777.12
  net payment = (6777.12 - 2500)/24 = 178.21(not 104)
 
2001 CR-V SE
  loan monthly payment = 432.98
  net payment = 432.98(not 278)
 
2002 Civic Si
  loan montly payment = 253.51
  total loan payments = 253.51 * 28 = 7098.28
  net payment = (7098.28 - 4000)/28 = 110(not 71)

#5 of 1230 Re: Honda CR-V: Lease Questions [kyfdx] by gollumandbilbo

Feb 15, 2006 (6:59 pm)

Replying to: kyfdx (Feb 14, 2006 5:58 pm)
Hello, do you know the current money factor and residual value for a 2006 Honda CR-V for an existing Honda customer with excellent credit? Assume 3 yr/15k lease.

#6 of 1230 Re: Be your own leassor [dmjjpy] by blueiedgod

Feb 16, 2006 (7:03 am)

Replying to: dmjjpy (Feb 15, 2006 12:00 pm)
In the above examples, what were you monthly loan payments? Would they have been $100-$200 more then a lease payment?
  
And I'm not sure how you are getting your net montly costs??("loan montly payment" were calculated using Edmunds's Basic Loan Calculator)
  
1999 Civic EX
  loan monthly payment = 282.38
  total loan payments = 282.38 * 24 = 6777.12
  net payment = (6777.12 - 2500)/24 = 178.21(not 104)
  
2001 CR-V SE
  loan monthly payment = 432.98
  net payment = 432.98(not 278)
  
2002 Civic Si
  loan montly payment = 253.51
  total loan payments = 253.51 * 28 = 7098.28
  net payment = (7098.28 - 4000)/28 = 110(not 71)
 
I think you are forgetting that my cash obtained from the sale of the vehicle was greater than the pay off amount.
 
Even if I did calculate it wrong, has anyone been able to lease a top of the line Civic for $110/month with no money down?

#7 of 1230 Re: Be your own leassor [blueiedgod] by dmjjpy

Feb 16, 2006 (11:05 am)

Replying to: blueiedgod (Feb 16, 2006 7:03 am)
> I think you are forgetting that my cash obtained from the sale of the vehicle was greater than the pay off amount.
 
No, I don't think I did forget. For the 2002 Civic example, I subtracted $4000(the difference between the sale price and the pay off amount) from the "total loan payments" in the "net payment" line.
 
Anyways, if anybody could post the lease info for a CR-V, it would be greatly appreciated!

#8 of 1230 Re: Be your own leassor [dmjjpy] by me3

Feb 16, 2006 (1:03 pm)

Replying to: dmjjpy (Feb 16, 2006 11:05 am)
(14500 - 12500)/28 = 71.43

#9 of 1230 Okay.. by kyfdx HOST

Feb 16, 2006 (1:10 pm)

Let's stick to actual questions about Civic leases...
 
No matter how good your purchase deals turned out to be..

#10 of 1230 Re: Okay.. [kyfdx] by stevedebi

Feb 16, 2006 (1:41 pm)

Replying to: kyfdx (Feb 16, 2006 1:10 pm)
"Let's stick to actual questions about Civic leases... "
 
Or maybe CR-V leases...

#11 of 1230 Re: Okay.. [stevedebi] by kyfdx HOST

Feb 16, 2006 (8:17 pm)

Replying to: stevedebi (Feb 16, 2006 1:41 pm)
LOL... yeah.. that too...

Messages Page 2 of 124

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