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Honda Accord Crosstour Lease Questions

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  • gatorinmngatorinmn Posts: 6
    Hi Carman,

    Can you please provide the current money factor and residuals for a 2011 Crosstour EX-L AWD with navigation on a 36 month lease at 15,000 miles per year? How much different is the residual with 12,000 miles per year? Thanks!
  • gwynnersgwynners Posts: 1
    I have a 2009 Accord EX and wish to trade it in on another. 2011 Crosstour EXL. I was quoted 1,000 down and 425/mos x36 mos. With the current 0 down, $320/mos deal I see on Honda....I am looking for input. Understanding that this is for EX and I want an EXL still think that $100/mos more adds up to more that the difference in price between the two vehicles. Plus, with the 1,000 down, it would appear that my trade in is less than what KBB shows as trade in value.

    My current lease trade in value is 17, 500 and current Accord has 24, 103 miles. It is in very good condition and based on KBB trade in value in "good" condition is well over 18K. Is the above information quoted by the dealer not on the up and up?

    Also, be interested in hearing from others on best way to approach. Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello gatorinmn. Through July 5th (today) Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a 2011 Accord Crosstour EX-L AWD with 15,000 miles per year are .00077 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    As I mentioned, Honda is scheduled to introduce a new incentive program some time tomorrow. Please feel free to check back with me for an update on what the new program is like.

    Car_man
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  • j_smith1j_smith1 Posts: 14
    Car_man,

    Could you post the July residual and money factor for ex-l awd 36mo 12k? Any lease incentives?

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I sure can, j_smith1. Honda's July buy rate lease money factor and residual value for a 36 month lease of a 2011 Accord Crosstour EX-L AWD with 12,000 miles per year are .00049 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Honda is currently providing a $1,500 dealer cash incentive on this vehicle that is compatible with the aforementioned lease program.

    Car_man
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  • j_smith1j_smith1 Posts: 14
    Car_man,

    Could you confirm that those numbers are correct for NY state? Dealer is giving me 54% and .00039 and telling me there are no incentives...

    Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi j_smith1. This is a national program. Does the unit that you are interested in have navigation? If so, that would explain the difference. The residual values for Accord Crosstours that have Navigation are 2% lower than those without.

    Car_man
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  • littlemamamialittlemamamia Posts: 2
    edited September 2011
    So i went to the honda dealership in edison, nj today and got pricing for a 36 month/ 12k 2011 Crosstour EX-L AWD w/ nav and these were the numbers i got which seem incredibly high. Id like to know what consumers who leased the same car paid or what numbers i should be pushing for ( i.e what points i should be bringing up on why the cost should be lower). They actually told me they would be losing $950 with these numbers.

    * $0 down
    *$1,561 in fees (including acquisition) upfront
    *$488/month

    I am in the NJ/NYC area, but im not sure if that makes a difference. Please help!
  • In WV, I leased a 2011 Accord Crosstour EX-L AWD (without NAVI) when we had almost leased a CR-V EX (with a sunroof), for $300 per month, 36 months and 12000 miles. We went from the CR-V to the cross tour for all the extra that the Crosstour EX-L gave us; it looked too good a deal to miss. This is what our terms for the crosstour are
    $354 per month
    $354 down (including plate, etc.)
    36 months, 12000 miles.

    I know now in november 2011, this is probably too late to help you, littlemamamia. But it might still help.
    At the end of the lease, we can purchase it for about 19,800$ or some price similar. Now, Car-man, we got a good, probably an excellent deal, have we not? Please comment. Thanks.
    K.
  • Car Man,

    I am no car leasing expert. I am looking to lease a 2-wheel drive 2012 Crosstour with Navi. I live in the West Palm Beach Florida area. My thoughts are to lease it for 36 months with 12,000 miles per year included. I am planning to put down $3000. There is a high likelihood that I will want to buy the car at the end of the lease. Should I go for just 10,000 miles per year? Can you help me with the details I will need to know to help me know whether I am getting a very good deal. I have a pretty good credit score of around 705.
  • Hi delrayjay. Let me begin by saying that it really isn't a good idea to put so much money down when leasing. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they paid at signing 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.

    Going with a lower mileage allowance than you expect to actually drive really won't save you any money in the long run. This is because while the monthly payments for vehicles with low mileage are lower, their end-of-term purchase option prices are higher. If I was in your position, I would go with the mileage allowance that I really thought that I would use. This would give me the option of keeping the car or returning it at lease-end if you don't want to buy it for some reason, such as it give you trouble, is in an accident, etc...

    Car_man
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  • 2012 Honda Crosstour 2-wheel drive with Navigation

    MSRP is $35,955
    $500 Hondo promo coupon
    36 month term
    12,000 miles/year
    Lease payment is $438.88 including Florida sales tax

    At signing I need to put down first month payment of $438.88 plus Florida new car registration of approx $300
  • Dear Car_Man,

    Can you tell me what the November money factor and residuals are on this vehicle for a 10,000 or 12,000 lease?

    MSRP is $31,500

    I see the Honda deal for $259 but I don't want to put $3,199 down at signing.

    I am in the DFW area.

    Thanks,
    David
  • Hi David. According to the latest information that I have seen, Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Crosstour EX 2WD with 12,000 miles per year are .00058 and 59%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • Hi Car_Man,

    You gave the December numbers for the 2012 Crosstour EX 2wd above. Would the MF and the residual change for the EX-L 2wd? If so what would they be? 36 month and 12k a year stay same.

    Thanks,

    Jeff
  • ridge3ridge3 Posts: 4
    Hello Car_man

    New to the site but impressed by the advice direction you give here--thanks!
    I am considering 2012 Crosstour V6 AWD EX-L for 15,000 mile/year lease. Could you provide the current MF and residual through Honda? Appreciate it.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Welcome ridge3. Thanks :shades: . Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Crosstour EX-L AWD with 15,000 miles per year are .00084 and 53%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your deal, make sure to take advantage of the $1,250 cash incentive that General Motors is currently providing on this vehicle.

    Car_man
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  • vladracvladrac Posts: 8
    edited June 2012
    How about current rates for 2012 crosstour EXL 2 WD with 15,000 miles?
    I see the deal for the V6 EX is $330 with $0 down.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Sure vladrac. Honda Finance's June buy rate lease money factor and residual value for a 36-month lease of a 2012 Accord Crosstour EXL V6 2WD with 15,000 miles per year are .00084 and 52%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your deal on this vehicle, make sure to take advantage of the $2,000 dealer cash that is currently available on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • solepolesolepole Posts: 4
    Hi Car_Man!

    I was wondering if you could give me the MF and Residual for a 2012 Honda Crosstour EX (4-cyl, 2WD base model), as well as the EX V6 (also 2WD Base model). 12k miles year. Also, do you know if Honda has any pull-ahead programs running currently, or any sort of loyalty incentives?

    Thanks very much!
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