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Honda CR-V: Lease Questions

1228 messages,  Last post on May 18, 2013 at 12:22 PM

You are in the Honda CR-V Forum.

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

Messages Page 2 of 123

#11 of 1228 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...

#12 of 1228 Re: Okay.. [stevedebi] by blueiedgod

Feb 20, 2006 (7:56 am)

Replying to: stevedebi (Feb 16, 2006 1:41 pm)
"Let's stick to actual questions about Civic leases... "
  
Or maybe CR-V leases...
 
The point I was trying to make, there are no great leases of the late 90's when it was really cheaper to lease. These days, it is cheaper to buy. Unless there is some really hot lease program. Like BMW had a 325 for $199/month for 24 months with no money down a couple of years back.

#13 of 1228 Current Lease Program by fireboss2

Feb 21, 2006 (9:00 am)

Would appreciate current money factor and residual for the following: 2006 CR-V 2 Wheel Drive LX Auto
This will be the 36mo / 12k mi program.
How about Honda's acquisition fee? Thanks guys.

#14 of 1228 Lease Question by kingmob

Feb 22, 2006 (3:03 pm)

Hi - I have a question about my 2004 Honda CR-V lease. At the time I did it in 9/04 I had just come off a divorce and had a poor credit score (mid 500's). Now, my score is in the mid 700's and I am in a much, much better financial position. I like my car, but wondered what my options were... Can I trade it in and pay the penalty to get a lower payment? Or would it be too steep? Am I just stuck with my deal until the lease ends?
 
I do have the option of paying it off if I want. But it seems that I would save money by making the payments and just paying the residual at the end. Am I right in this assumption?
 
Thanks for any help.

#15 of 1228 Re: Honda CR-V AWD lease info [dmjjpy] by Car_man HOST

Feb 23, 2006 (3:53 am)

Replying to: dmjjpy (Feb 14, 2006 7:23 pm)
Wow, this is a popular discussion for one that is so new. Here's the info that you're looking for, dmjjpy. Honda is currently providing a special lease money factor of .00150 on all 2006 CR-V models for Super Preferred tier customers who pay a security deposit. This truck's residual values vary by trim level though. For now I will provide you with the resids for the '06 CR-V EX 4WD. Let me know if you want a different model. This truck's 24 month residual values are 68% with 15,000 miles per year and 69% with 12,000 miles per year. The numbers for 36 months are 59% for 15K and 61% for 12K.
 
Car_man
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#16 of 1228 Re: Honda CR-V: Lease Questions [gollumandbilbo] by Car_man HOST

Feb 23, 2006 (3:57 am)

Replying to: gollumandbilbo (Feb 15, 2006 6:59 pm)
Hi gollumandbilbo. I see that you are a Lord of the Rings fan. I enjoyed them myself. Honda is currently providing a special lease money factor of .00150 on all 2006 CR-V models for Super Preferred tier customers who pay a security deposit. Because you are an existing Honda Finance customer, you may be able to get your CR-V's security deposit requirement waived at for free. This truck's residual values vary by trim level though. For now I will provide you with the resids for the '06 CR-V EX 4WD. Let me know if you want a different model. This truck's 36 month residual value is 59%.
 
Car_man
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#17 of 1228 Re: Current Lease Program [fireboss2] by Car_man HOST

Feb 23, 2006 (4:05 am)

Replying to: fireboss2 (Feb 21, 2006 9:00 am)
Hi fireboss2. If you were to lease a 2006 Honda CR-V LX 2WD through Honda Finance right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00150 and 59%, respectively. Honda Finance charges an acquisition fee of $595 on every vehicle that it leases.
 
Car_man
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#18 of 1228 Re: Lease Question [kingmob] by Car_man HOST

Feb 23, 2006 (4:08 am)

Replying to: kingmob (Feb 22, 2006 3:03 pm)
Hi kingmob. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
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#19 of 1228 Re: Honda CR-V AWD lease info [Car_man] by soylentgreen

Feb 23, 2006 (6:52 am)

Replying to: Car_man (Feb 23, 2006 3:53 am)
Hi Carman,
 
Can you provide the residuals and MF for a CRV SE, 36 and 48 mos, 12k miles?
 
Thanks.

#20 of 1228 Re: Lease Question [Car_man] by kingmob

Feb 23, 2006 (11:55 am)

Replying to: Car_man (Feb 23, 2006 4:08 am)
Thanks for the info... that's basically what I had expected.

Messages Page 2 of 123

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