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Honda Accord Crosstour Lease Questions

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  • Help me understand the process of negotiating a lease. What does residual mean and money factor and how would I use those numbers to lease a cross tour? In the past, I've just leased cars based on the monthly payment, but I know there must be a better way. My lease is expiring in May & I'd like to lease a new crosstour at that time.
    Thanks.
  • Here's the information that you're looking for, vladrac. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Crosstour EX-L 2WD 4-cylinder with 15,000 miles per year are .00155 and 57% for consumers who qualify for its top credit tier.

    Car_man
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  • Hi ilana16. You definitely should check out the following informative articles on leasing 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.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • anelleanelle Posts: 3
    Leased a 2013 Crosstour EX-L, V-6 (w/out Navi) for $382/month. Includes 15000K miles per year, exteneded warranty (from 36K to 45K), free oil changes, windshield protection, paint and interior protection.

    Money factor 0.00074 (Equifax=698), $2500 down.

    Negotiated value $32250.

    I reside in Houston, TX
  • I reside in houston as well and was wondering which dealer this was? Looking to purchase this month. Thanks
  • slavar1slavar1 Posts: 1
    I'm in Northern NJ. I'm looking to lease 2013 Ex-l 4wdr crosstour with Navigation. Can anybody recommend any dealers around NY/NJ area. I've been working with some, but the lease quotes I was receiving are way to high.

    Thanks!
  • ilana16ilana16 Posts: 4
    I'm finding the same issue in Massachusetts. I have a 2010 and am looking to trade for a 2013. The price difference on a lease from 2010 to now is an increase of more than $100/month. YIKES!
  • happypilot1happypilot1 Posts: 6
    edited April 2013
    This might be a regional problem but I think it's more national in scope: Honda's just not dealing on the Crosstour whereas 2-1/2-3 years ago they were dumping them at 6-7K off MSRP

    I went back into an email quote I saved from 12/2010 for a 2010 2WD EX-L with an MSRP of more than $33k. The lease was based on a sale price of $26186, capitalized cost of 26781, MF of .0002 and the monthly payment before state tax was $243.88. This was a no hassle/no down payment offer.

    Would've probably tried to get them even lower except that we found in the test drive that rear vision was much less than we were comfortable with so the deal was a no go. Just hated passing on that kind of bargain.
  • birdlivsbirdlivs Posts: 18
    Hi Carman, My 2010 Crosstour lease is up soon and I'd like to look into another lease. Any udates on buy rates residuals, money factors and incentives for a 2013 EX-L 3/36k would be helpful. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure birdlivs. Honda Finance's July buy rate lease money factor and residual value for a 35-month lease of a 2013 Crosstour EX-L 4-cylinder 2WD with 12,000 miles per year are .00056 and 54% for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • birdlivsbirdlivs Posts: 18
    Thanks Carman, would that apply to the EX-L 6 cylinder as well?
  • birdlivsbirdlivs Posts: 18
    Thanks Carman, would that apply to the EX-L 6 cylinder as well? Did August Change?
  • birdlivsbirdlivs Posts: 18
    Thanks Carman, would that apply to the EX-L 6 cylinder as well? Did August Change?
  • Hi CarMan. Looking to lease a 2013 Crosstour EX-L V6 AWD w/ Navi 3/36K. Any udates on buy rates residuals, money factors and incentives for September would be helpful. Thanks!
  • kyfdxkyfdx Posts: 29,239
    Residual is 47%... MF is .00043

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  • dkgsxdkgsx Posts: 8
    edited October 2013
    Hi Car_man,

    What are the current 3-year lease rates for a 2013 FWD Crosstour EX-L w/Navi? I drive 8k miles per year . Are there 2014 MY rates available yet (same input)?

    TIA!
  • kyfdxkyfdx Posts: 29,239
    2013 FWD Crosstour EX-L w/Navi 36mo, 12K/yr lease
    The money factor is either .00033 or .00043

    I'm not sure of the residual, as I don't show that model, but it is definitely less than 55%...

    Sorry that I don't have better info for you...

    regards,
    kyfdx

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  • dkgsxdkgsx Posts: 8
    Thanks! What about the V6 model's residual (EX-L, navi, 2wd, 12k/yr)? If you don't have 2wd data, please quote AWD.

    Thanks again.
  • MSRP 28,060. Net cap cost 25,305.32, includes $595 acquisition fee. Residual $14,591.20. $300/month zero down. It appears happypilot1 had a much better deal in 2010 at $249 for a net cap cost car of 26,186. Carman, is it possible to negotiate a better deal with the dealer than $300/month? Thanks.
  • jawjetjawjet Posts: 1

    Looking to lease an awd crosstour 36 months, no money down I am a present honda customer with not great credit anybody know what I can expect in a lease???

  • Hi Car Man, I'm looking to buy an EX-L AWD and I have a few questions....Is the difference in features between the 2012-2013 models worth the price difference between the years? Also the options for the EX-L only differ in AWD or not, correct? I'm looking to buy a V6. And lastly....which is better..lease or finance? I have a NICE down payment, but shy of what I would need to purchase out-rite which is what I prefer..
  • kyfdxkyfdx Posts: 29,239

    @msalmondine said: Hi Car Man, I'm looking to buy an EX-L AWD and I have a few questions....Is the difference in features between the 2012-2013 models worth the price difference between the years? Also the options for the EX-L only differ in AWD or not, correct? I'm looking to buy a V6. And lastly....which is better..lease or finance? I have a NICE down payment, but shy of what I would need to purchase out-rite which is what I prefer..

    I'm not really up on the differences between the models, but you can research it here on Edmunds, using the tabs at the top of the page. You can't really lease a used car, at least not at any sort of favorable rate. If you are looking at 2012-2013 models, you should certainly plan on buying it.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

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