Last post on Nov 12, 2013 at 8:19 PM
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Honda Accord Crosstour, Car Buying, Car Leasing, Hatchback, Sedan, Wagon
#103 of 174 Re: Accord Crosstour EX-L lease [Car_man]
Dec 21, 2010 (6:09 pm)
This site has provided great info for me, so I thought I would share my recent Crosstour Lease Acquisiton details for my two week old vehicle:
2010 Crosstour EX-L AWD No Navi
MSRP $ 35,020 (includes Mud Guards and Wheel Locks)
36 Month Lease 15,000 Miles/Year .20 per mile over
Only first payment due at delivery (all fees, taxes 8%, etc included in payment)
Monthly Payment $ 370.00
Based on Honda Finance Money Factor of .0002 and Residual of 53%, Capitalized Cost of Vehicle was around $ 29,670.
Probably could've done a little bit better, but needed a winter vehicle quickly and wanted an alternative to a full size SUV. So far am happy and the CT is serving its' purpose well. Felt that the price was fair. My opinion, but the only way to lease is -0- down, sign and drive. Probably not the right thread, but both the Crosstour, and my 10' Mazda CX-9, do not have low windshield washer fluid warning lights. Where I'm from, you go through six months of snow, slush, salt and rain and you use a gallon of the fluid a week! Just wondering.
#104 of 174 IF you want a 2010 Crossover, get one now!
Dec 22, 2010 (11:21 am)
The 2010 Crosstours are going fast (at least in mid-Atlantic region) and some color combos are now very hard to find or impossible to get (ie, Alabaster Silver). The deal on the 2010's is so good, if you are looking at this car seriously, NOW is the time to pull the trigger. Two weeks ago this car was sitting on lots and I should have signed then, but apparently there has been a “run” on the cars over the past week and inventory is getting sparse (at least in my area).
I “thought” I had a lease deal done last night on a $37,000 EX-L AWD/NAVI in Polished Metal (my 2nd preference) but found out today from my rep that the car had 2500 demo miles (this was a DX through my dealer whose counter-part at the other dealership “forgot” to disclose this even after my rep was assured twice that the car had no miles on it).
With 53% residual (AWD 2% lower than FWD) and .0002 money factor rate (that's less than 1/2 of 1 percent interest!), rolling ALL fees, charges, taxes, and tags into the lease ($30,448.50 Total Financed), with $0 money out of pocket (except first payment), I had a deal set at $370/month – not bad on a $37,000 MSRP car especially since the car was going to be DX’d from 100 miles in 24 hours.
I'll give kudos to my sales rep (top guy at his dealership and best service I have ever experienced in over 20 car leases or purchases I have done) - he worked with his GM and rewored a new deal to get me my first choice Alabaster Silver color in a 2011 EX-L AWD/Navi with the same $0 out of pocket, roll everything in the lease, 12k/year 36 month lease at $383/month.
I was quoted much higher ($100+ more/month) by other dealers on 2011s and although I could have gotten better deal on a 2010 with “available” colors or traveled 500 miles to pick one up (I could have done deal at $357/month on a 2010), I’d rather get the car in the configuration and color combo I want, and locally and I am very happy with the outcome.
The Crossovers represent one of the best lease deals of 2010 in my opinion (and as everyone in this forum knows)...because of the facebook response (poor social-media marketing execution by Honda apparently) and the fact Honda has not put much advertising behind the vehicles (perhaps after the facebook issue, executives pulled back their budget for the car?), this vehicle has been under the radar thus far.
Again, if you can find the color you want and want this car, I suggest do it now – the deal is in my opinion, the best one for 2010.
#105 of 174 Resideual on 2011 Crosstour
Dec 22, 2010 (11:30 am)
One more note...residual on 2011 AWD/EX-L Crosstours with Nav is 57% on 12k/year 36 month lease (assuming best credit level). I "believe" the Money Factor Rate is in .00080 - .00085 range...
#106 of 174 Re: IF you want a 2010 Crossover, get one now! [audiblitzr]
Dec 27, 2010 (12:31 pm)
This is a terrific story of dealership and customer perseverance and congratulations on the low $$$ on that 2011(?) lease! Yes, it seems like, according to Zag, the prices in the mid-Atlantic - certainly the D.C. area - are the lowest in the country by far, at least for the 2010's.
If it's not too much trouble, would you provide some of the raw numbers that you're final lease was based upon, something like:
Amounts Financed (Capitalized)
Sales Tax %
Gross Capitalized Cost
Capitalized Cost Reduction
Adjusted Capitalized Cost
Cost of Money/Term
Term (months) 36
Estimated Charges Payable at Lease Origination
Amount Due at Lease Signing
Monthly Lease Payment
Also, what was your dealer and location? We're looking to get one of the last remaining Crosstours in our area in the next few days before the new year.
Thanks in advance if you can accommodate.
#107 of 174 Re: IF you want a 2010 Crossover, get one now! [contract_build]
Dec 28, 2010 (1:50 pm)
I'm being quoted $328/mo sign and drive on an EX-L 4WD and $280/mo sign and drive on an EX 2WD in the mid-atlantic region. Both for 36mo/36k.
Think I'm going to pull the trigger. It's been 7 years since I've leased a car - anything else I should be wary of?
Dec 31, 2010 (7:54 am)
Car Man: My husband and I are going to be negotiating a lease on a Crosstour EX-L FWD (no nav) over the weekend. Is the $1700 in incentives still going to be in effect after December 31st?
Thanks and Happy New Year.
#109 of 174 2011 Civic LX Lease, 36 month lease, 12,000/yr
Dec 31, 2010 (8:13 am)
Advice on a lease deal. 2011 Civic LX Lease for $189/month (nothing down, incl license, tax, fees), for 36 months, 12,000/yr. I do not understand all the RV and MF #s, and selling price. The $189.00 per month all inclusive sounds reasonable. However, when I asked how much I could buy the Civic for when the lease was up the amount they quoted me was $11,786.10. With 189 per month for 36 months I pay $6,804. Then after 36 months having to pay $11,786, for a total of $18,590, sounds like a bad deal. Can't you buy a 2011 Civic LX for under or right under $17,000. Any assistance is greatly appreciated. Thanks
#110 of 174 Re: 2011 Civic LX Lease, 36 month lease, 12,000/yr [propel]
Jan 02, 2011 (1:04 am)
Then after 36 months having to pay $11,786, for a total of $18,590, sounds like a bad deal. Can't you buy a 2011 Civic LX for under or right under $17,000. Any assistance is greatly appreciated. Thanks
I think you are missing a few things in your comparison. In you lease number, you did not mention what is the drive off? And in you lease payment, you pay for the "rent" or the interest cost of owning the car.. If you buy the car, what is the interest that you will pay in those 3 years? And if you are in a state where the lease payment include tax, that may change the comparision as well... In a lease, you will pay an addition fee call "acquisition fee" that is not include in a purchase. But if you live in California where sales tax is calculated in lease payment instead of car sales price, you save about 1/2 the sales tax (roughly) for a 3 yr 12K lease.
#111 of 174 Re: 2011 Civic LX Lease, 36 month lease, 12,000/yr [topgun7]
Jan 02, 2011 (9:12 am)
The drive off in this lease is nothing down, sign and drive, with $189 payments for 35 months (12,000/year). The $189 payment includes all taxes and fees. After the 36 months, to buy the car the price is set at $11,786. Just trying to get input if this is a fair lease?
#112 of 174 Re: Lease after January 1st [luckybrand1212]
Jan 03, 2011 (5:40 pm)
Happy New Year to you as well, luckybrand1212. Honda's December incentives are scheduled to run through January 4th.
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