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Honda Accord Crosstour Lease Questions

kyfdxkyfdx Posts: 30,545
Ask your Crosstour lease questions here!

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  • Hello!
    What are the current RESIDUAL VALUES & Money Factors on a 36 month 12,000 mile/yr LEASE for:
    2010 Crosstour EX and EXL in 2wd??
    Zipcode is 89123 if that matters

    Is there any dealer/factory cash support for leasing?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello lasvegasrph. Honda Finance's March buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord Crosstour EX 2WD with 12,000 miles per year are .00137 and 63%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '10 Crosstour EX-L 2WD are .00137 and 61%.

    If you choose to go with a sign & drive lease, these cars' factors drop slightly to .00127.

    I don't believe that Honda is currently providing any dealer cash on the Crosstour.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • While shopping for AWD cars, I stopped by my local Honda dealer for crosstour. Car drives nice.
    Offer was as follows
    V6 EX L AWD with Navi
    MSRP 36xxx
    Lease 450/Month
    All other fees rolled into monthly payment
    So: 450 due at delivery
    Good deal?
  • Hi Car_man,

    Do you have the MF, Residual, monthly lease with 3K down for Crosstour EX-L (with and without the Nav system)?
    Thank you.
  • Do you mind if I ask how much down you put?

    Is the $450 include or exclude tax?

    Is this for 36 or 39 mo lease?

    Thank you.
  • O down
    $450 includes tax
    36 month lease
    12000 miles/ year
    Basically you go with $ 450 & drive home Accord CT.
  • drockholddrockhold Posts: 26
    I just leased a 2010 Honda Crosstour today from Alan Nott Honda in Lima, Ohio for my wife of 27 years. BTW-I love this website. I have used the information from this website for the last 5 car leases. Because of all the helpful tips and hints, I feel empowered before I start the negotiation process. My goal is to not "beat the dealer up" instead I want them to make a fair profit because I want no head aches or hassles IF an issue eve comes up. I also like the fact of free oil changes, valet service and a free loaner car. I figure "we" pay for it in some fashion. I was raised in the belief that ALL business is not obtained by price.

    Therefore,

    Here's the deal I agreed upon today.

    2010 Honda Crosstour EX-L
    All wheel drive
    Navigation pkg.
    36 months lease
    12000 miles per year
    MSRP $36930
    Invoice $33514
    Add-on for all Chrome Wheels $1200 (included in Lease)
    Aquisition fee $595
    Adjusted Cap Cost $37983
    Residual Amount $22988
    Money Factor .00137
    Residual Pct. .607
    Monthly Payment (includes tax) is $495.76
    Amount Due at Lease inception is $734.76
    (Amt due includes 1st months payment and doc fees, cap red and DMV fee)
    Free oil changes and Valet Service
    Free Loaner car for service and repair

    I was told by the finance manager that the zero down and drive and sign money factor was .00127. However, he worked it both ways and the numbers showed me that Honda adjusts the cap cost to make up the difference. Actually, the difference comes out to approximately $5.88 per month and I'd rather get the free stuff and goodies as a trade off.

    Regardless of semantics, my wife is happy as heck and if she's happy so am I.

    The experience was outstanding. Thank you once again for the great website here!
  • So we just left the dealership without making a deal because we weren't 100% satisfied with it but I wanted to get some of your opinions...here is what was proposed...

    36mo lease
    Accord Crosstour EX-L 2wd (with everything but Nav)
    Vehicle Price $33,280
    61% Residual or $20,301
    Mon Pymt incl taxes $487.20
    Zero Down

    Another piece of the puzzle is that the dealership is offering us $16,500 for our trade in.

    Thoughts??????
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I sure do, slc_nissan. Here you go. According to the latest information that I have seen, if you were to lease a 2010 Honda Accord Crosstour EX-L AWD without navigation through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00137 and 59%, respectively assuming that you qualify for its top aka "Super Preferred" credit tier.

    If you choose to go with a sign and drive lease with nothing due at signing, this vehicle's factor drops slightly to .00127.

    The addition of navigation slices 2% off of this vehicle's residual value.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    What a fantastic post. I'm glad that you find Edmunds.com so helpful. Thanks for taking the time to share the details of your lease, drockhold. If you haven't already, make sure to stop by the Dealer Ratings & Reviews section of Edmunds to share your thoughts on your recent dealer experience as well. Enjoy your new ride!

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tex18tex18 Posts: 82
    36mo lease
    Accord Crosstour EX-L 2wd (with everything but Nav)
    Vehicle Price $33,280
    61% Residual or $20,301
    Mon Pymt incl taxes $487.20
    Zero Down

    That seems high, what is the actual sale price of the vehicle. There are some who are getting 3-4K off MSRP. They aren't exactly flying off the lots.
  • thedrakethedrake Posts: 13
    What would be a Great lease price on this vehicle?
    36/mo 12K/yr $0/down
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited April 2010
    Hi thedrake. Let's work up a sample lease payment on this car for you and see what we come up with.

    According to my calculations, if you were to lease a 2010 Honda Accord Crosstour EX-L AWD with navigation that has an MSRP of $36,930 and a selling price of $34,000 (around $500 over invoice) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $411 assuming that you qualify for its top credit tier.

    If we add the acquisition fee to this vehicle's capitalized cost, as one would have to do on a $0 $0 $0 $0 lease, the payment increases to around $428.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jjonesjjones Posts: 5
    Car_Man
    Looking to lease a 2010 Accord Crosstour 2wd EX MSRP $30380 need 15K for 36 months no money down live in Dublin Ohio sales tax rate is 7% what should my monthly payment be with sales tax ? Need to lease by 4/30/10 can someone help.
    Thanks J. Jones
  • jjonesjjones Posts: 5
    Car_Man
    I forgot to enclude my credit scores FICO 798
    Thanks again, J. Jones
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi J. Jones. Let's work up a sample payment for you and see what we come up with.

    According to my calculations, if you were to lease a 2010 Honda Accord Crosstour EX 2WD that has an MSRP of $30,380 and a selling price of 28,100 ($500 over invoice) through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $325, assuming that you qualify for its top aka "Super Preferred" credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • lfa1lfa1 Posts: 1
    I am in the market for a Crosstour EX-L AWD. My dealer is offering $479 for 15k with zero due at signing. They are sending me the figures but am hoping you can let me know what I should expect to see and what is a fair monthly payment. Thanks!
  • keankean Posts: 11
    I'm Also looking for Accord CT EXL AWD.or with nav and so far one dealer give us $424/mo - $618due at signing and $497/mo - $691 due at signing respectively with 12k mi/yr. Everything included on these offer. Is it a good deal or I still wait from some other dealer. Problem was only this dealer emailed me back and some just want me to go to dealership.
  • ilana16ilana16 Posts: 4
    I am looking to lease a 2010 crosstour awd EX-L - NO Nav. My best offer at the moment is: $850 down (incl. tax), $324 fees due at signing, and 36 payments of $384 including tax. This is a 36 month 15K lease. Thoughts? Should I be able to get it better? This looks like a total over 36months of $14,998.
    I really don't know how to use money factor or residual value in the negotiation.
    Thanks for help in advance.
  • automilerautomiler Posts: 1
    edited May 2010
    I have 2 verbal estimates from 2 local dealers with FAR different pricing. Both were on a EX-L AWD non-nav. With $2000 down one quote was $370/mo and the other $460/mo (add tax to both). Something isn't right there. I would think they all pay the same. What is a good/fair price for a EX-L AWD at 12k miles per year and $0-2k down? Thanks.
  • jj316jj316 Posts: 24
    Got quoted a price with nav $339 per month 36 months just tax 339 and 595 bank fee.upfront. 12k per year.
  • cliffpozcliffpoz Posts: 60
    can you tell me where you got this great deal. I was quoted over $100 more?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi lfa1. The easiest way for me to evaluate specific leases is to look at the selling prices that were used to calculate their payments. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a dealer discount one is being given and in turn if there is any room left to negotiate.

    Let us know what this vehicle's selling price is and I'm sure that either myself or another helpful community member will gladly let you know what they think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • datographdatograph Posts: 4
    Car_man, I am looking at an EX-L, 2WD, with Nav on a 3yr lease with 15k miles per year (in Los Angeles, CA). Can you post current money factor and residual? Many thanks.

    datograph
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi datograph. Honda Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord Crosstour EX-L 2WD with Navigation and 15,000 miles per year are .00158 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • datographdatograph Posts: 4
    Many thanks for the quick reply, Car_man. That's a big help.

    Regards,

    datograph
  • wtalbotwtalbot Posts: 14
    I haven't seen anyone bring up the lease offer from Honda on a 2010 EX 2WD, $309.00 per month, 36 months, $2299.00 total payment due at signing.

    I am trading in a 2007 Honda Accord EX-L Coupe lease for a new one.

    A couple questions.....
    Is there an easy way for me to firgure out the deal with less money down or if I wanted to add leather or nav?
    Is there anything I need to watch for on the trade in? Can they rip me off somehow?
  • Hello Car_man,

    Thanks for taking the time to answer all the questions you have been given. It is a great help. I just leased a 2010 Crosstour EX-L (no nav or real time awd). Under AHFC tier 1, what would be the approx. payment for sign and drive 36-12000 at invoice? 6% michigan sales tax, transfer plates. I have a feeling I am going to hate your answer as I thought I got a great deal. I believe they may have hidden extra finance charges (jacked the money factor up). My cap cost seemed correct. Finally, if you are in the business, what rights do I have to rescind? I just purchased Sat. night and they were shoving me into the car. He told me he was into hold back. I am paying $429 with tax but includes wheel locks, mud guards, and cargo tray (probably $300 in items). I greatly appreciate your response! Thanks again!!
  • wtalbotwtalbot Posts: 14
    I have been reading back in this thread and have noticed the lease prices all over the place. To try and simply this, could you possibly list the money factor and residual for the 2010 EX, EX-L, and EX-L w/ Nav all 2WD, 36 month. That should cover all 2 WD's. Is there a place to find these numbers or do we just ask for them here? Which one or both of the numbers change if you move from 12k to 15k miles? When figuring the down payment can you just divide it by 36 months and thats how much it affects the payment?
  • peterson6peterson6 Posts: 5
    Hi car man,

    i got a quote from honda dealer at Orange county, CA.

    2WD EX L with navi .
    36 mo, 15K per year, no down, DMV fee only, 477/mo w/o tax (orange county, CA).
    Any input will be helpful, thanks a lot!
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