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2014 Honda CR-V Lease Questions

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  • e46guye46guy Posts: 3

    Do you have the MF and residuals for UT on AWD LX, EX and EX-L, 12K/36. Thanks in advance.

  • kyfdxkyfdx Posts: 29,134
    edited May 22

    @e46guy said: Do you have the MF and residuals for UT on AWD LX, EX and EX-L, 12K/36. Thanks in advance.

    Utah is in Region B, and has an MF of .00089

    Residuals are 62%/62%/60%. $750 lease cash

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  • skyqueenskyqueen Posts: 2

    Hi, Do you have the MF and residuals for AWD EX-L 12k/36mo in NJ?

  • kyfdxkyfdx Posts: 29,134

    @skyqueen said: Hi, Do you have the MF and residuals for AWD EX-L 12k/36mo in NJ?

    .00049 MF and 60% residual. $750 lease cash.

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  • johnpitjohnpit Posts: 9
    edited May 29

    Looking at a CR-V EX AWD in Wisconsin---Msrp is $27,125....dealer wrote up "agreed value"-$24,984 then it says additional gross cap $744 (what is this $744 added on? doesn't say) for net cap cost of $25,728....MF=00049....residual 62.00 ($16,817) 3 yr lease 12,000 miles for $268 plus $15 tax=$283 x 35 months...no money down except first payment due at signing....Does this sound like a pretty good deal? If not, what should I work on them lowering besides lowing the price? Thanks

  • kyfdxkyfdx Posts: 29,134

    @johnpit said: Looking at a CR-V EX AWD in Wisconsin---Msrp is $27,125....dealer wrote up "agreed value"-$24,984 then it says additional gross cap $744 (what is this $744 added on? doesn't say) for net cap cost of $25,728....MF=00049....residual 62.00 ($16,817) 3 yr lease 12,000 miles for $268 plus $15 tax=$283 x 35 months...no money down except first payment due at signing....Does this sound like a pretty good deal? If not, what should I work on them lowering besides lowing the price? Thanks

    Those are all the correct numbers. The $744? $595 of it is the acquisition fee. I'll guess that the other $149 is title/license fees. (they have to be somewhere, because you aren't paying them at signing).

    The calculations are right on the money.. The only way to go lower is a lower selling price.. There is $750 lease cash included in their discount, so the dealer discount is actually around $1400. It's certainly a low lease payment, relative to the MSRP. Is the selling price a good deal? I'm not sure. You can check to see what others are paying, here:

    http://forums.edmunds.com/discussion/16720/honda/x/2014-honda-cr-v-prices-paid-and-buying-experiences#latest

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  • vs77vs77 Posts: 13
    What is the mf and residual for a exl awd crv for il / Chicago region for 10k and 12k pa.
  • kyfdxkyfdx Posts: 29,134

    @vs77 said: What is the mf and residual for a exl awd crv for il / Chicago region for 10k and 12k pa.

    .00049 MF and 60% residual. $750 lease cash.. 36mo, 12K/yr.

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  • vs77vs77 Posts: 13

    thanks. i have recd the following quote for a EX-L AWD for 3 yr - 36K: MSRP - 29755 Sales price: 25,722. Residual: 17,865 MF: 0.0049 Monthly payment: 258 First payment (TTL + first monthly payment): 2,486 (tax ~ 7.25%)

    is this a good price? can i do better?

    i don't think he has included the 750$ lease cash into this. dealer pt is that he has given all in the sales price hence marked it down so much

  • kyfdxkyfdx Posts: 29,134

    Well.. the $750 lease cash is technically a dealer incentive.. so, any price they give you has it included... you just have to decide if that's a good price, considering that incentive.

    That looks like a pretty good deal, but it makes me glad I don't have to pay Illinois taxes on a lease. You can check the Prices Paid discussion for an idea of what others are paying. Just keep in mind that the incentive on a purchase is only $500, not $750.

    That discussion is here:
    http://forums.edmunds.com/discussion/16720/honda/x/2014-honda-cr-v-prices-paid-and-buying-experiences#latest

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  • tusharvktusharvk Posts: 9

    leased cr-v lx awd with 700 down and 35 payments 242. other dealers in the area did not offer to beat this deal. location indiana

  • johnpitjohnpit Posts: 9

    This may be a dumb question but do you have to pay state tax up front on a Lease? I know they quoted me $14.76 tax on a monthly lease of $268.....Don't you pay the tax at the end IF you purchase vehicle? Also...Working on a Lease...I currently recv'd a price of $24,400 for the CR-V EX* from another different dealer (in WI-see my post above). I'm wondering if this will lower my monthly payment of $268 from the last price offered of $25,728? They have a way of tweaking the numbers...we shall see when he sends me the monthly payment amount. This would be a great deal wouldn't it? Wonder if they change the residual % or amount higher on me to recoup more money on the back end? What trap should I watch out for if my monthly payment isn't any lower at the $24,400 price? Thanks

  • kyfdxkyfdx Posts: 29,134

    They can't change the residual, and I haven't seen a Honda dealer markup the money factor. They can play with the price, though ("Oh, that doesn't include destination").

    States tax leases in different ways.. I'm pretty sure that Wisconsin is a "tax the payment" state, which is what you want. Yes, if you buy the car out at the end of lease, you pay tax on it... but, that tax is just on the buyout price.

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  • johngtjohngt Posts: 14

    What is the June money factor and residual on a 2014 EX-L, 15k miles/year lease? Thank you!

  • MichaellMichaell ColoradoPosts: 5,545
    edited June 9

    @johngt said: What is the June money factor and residual on a 2014 EX-L, 15k miles/year lease? Thank you!

    2WD or 4WD? What lease term?

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  • johngtjohngt Posts: 14
    edited June 9

    Sorry. This would be 36 months on a 4WD model. Location is Ohio. Is the lease cash incentive still in effect?

  • MichaellMichaell ColoradoPosts: 5,545

    @johngt said: What is the June money factor and residual on a 2014 EX-L, 15k miles/year lease? Thank you! > This would be 36 months on a 4WD model. Location is Ohio. Is the lease cash incentive still in effect?

    With nav, 57%, without nav 58%.

    MF is .00049 with $750 lease cash.

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  • gotbirdflugotbirdflu Posts: 1

    Looking to lease a 2014 EX-L AWD (without DVD or Satellite Nav) in NJ with $0 down 18K a year/3yrs ASAP. Top tier credit. Any help as to a great monthly amount/dealership greatly appreciated.

  • MichaellMichaell ColoradoPosts: 5,545

    @gotbirdflu said: Looking to lease a 2014 EX-L AWD (without DVD or Satellite Nav) in NJ with $0 down 18K a year/3yrs ASAP. Top tier credit. Any help as to a great monthly amount/dealership greatly appreciated.

    Doesn't look like Honda sponsors 18K leases. See above posts for 36/15 lease terms.

    We would need to know both the MSRP and negotiated cap cost in order to calculate a payment.

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  • abkmaabkma Posts: 2

    We've narrowed down our choices to CRV EX-L AWD and a Subaru Forester 2.5i Touring. We're leaning for the CRV because inventory is more readily available and pricing seem to be more negotiable. We'll be leasing for the first time, and the Edmunds information has been so helpful. For Illinois, are the May deals that were in an earlier post still active (60% residual, .0049 MF, and $750 rebate cash) or have they changed for June?

  • kyfdxkyfdx Posts: 29,134

    Numbers haven't changed... the last update to Honda numbers was May 12th... they are good through July 7th.

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  • MichaellMichaell ColoradoPosts: 5,545

    @abkma said: We've narrowed down our choices to CRV EX-L AWD and a Subaru Forester 2.5i Touring. We're leaning for the CRV because inventory is more readily available and pricing seem to be more negotiable. We'll be leasing for the first time, and the Edmunds information has been so helpful. For Illinois, are the May deals that were in an earlier post still active (60% residual, .0049 MF, and $750 rebate cash) or have they changed for June?

    You didn't specify the lease term or miles per year, so I'll assume 36mo and 15K - residual is 58% and the MF is .00049 with $750 lease cash.

    Add 2% for 12K, and 3% for 10K per year.

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  • abkmaabkma Posts: 2

    Thank you! I got a slightly better deal than the Honda website calculator numbers, so I'm feeling pretty good about it. It was also pretty quick because they knew I had solid information to work from. I wouldn't have known about the lease cash without this forum. We are picking up the CR-V on Monday!

  • cheburchebur Posts: 1

    Does anyone have the MF and residuals for CR-V EXL with Nav for NY for 10 and 12.5 K. Thanks!

  • johnpitjohnpit Posts: 9

    Is the MF and Residual for WI the same on a CR-V EX or a CR-V EXL 3 yr/12,000....was at .00049 and 61% for the EX....is it the same for the EXL? Will the negotiations be similar on both, such as trying to get $1000-$1700 below invoice price? Thanks

  • kyfdxkyfdx Posts: 29,134
    edited June 15

    @chebur said: Does anyone have the MF and residuals for CR-V EXL with Nav for NY for 10 and 12.5 K. Thanks!

    AWD? .00049 MF and 60% for 36mo, 10K/yr. $750 lease cash

    There is no 12.5K/yr program, but the 12K/yr residual is 1% lower.

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  • kyfdxkyfdx Posts: 29,134

    @johnpit said: Is the MF and Residual for WI the same on a CR-V EX or a CR-V EXL 3 yr/12,000....was at .00049 and 61% for the EX....is it the same for the EXL? Will the negotiations be similar on both, such as trying to get $1000-$1700 below invoice price? Thanks

    EX AWD: .00049 MF and 62% residual for 36mo, 12K/yr.

    EX-L AWD: .00049 MF and 60% residual for 36mo, 12K/yr.

    Negotiations should be similar... with maybe a little bigger discount from MSRP for the EX-L (as it's higher priced)

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  • johnpitjohnpit Posts: 9

    Working on lease for CR-V EX with msrp of $27,125.........From one dealer per numerous emails negotiating the price: "Msrp is $27,125 Sale Price $24,800 (incls destination fee) then figuring in 5.5% taxes and our doc fee of $259 your lease payment would be $282 monthly ($282 plus plates($89 transfer or $164 new plates) due at signing. This is based on a .00047 MF (did he mean .00049?), 62% residual, and buyout is $16,817.50.........Another dealer wrote up: Net cap cost $25,728, .00049 MF & 62% residual....both said $16,817.50 as buyout & both said lease is $282 per month.....This is on a 3 yr/12,000 lease.....Question is.....There is a price difference between the two of them of $928 so how can the lease amount be the same and the residual same?? What am I missing? Maybe the dealer did lower the MF to .00047**....Can someone help me out here please....Thanks

  • kyfdxkyfdx Posts: 29,134

    @johnpit said: Working on lease for CR-V EX with msrp of $27,125.........From one dealer per numerous emails negotiating the price: "Msrp is $27,125 Sale Price $24,800 (incls destination fee) then figuring in 5.5% taxes and our doc fee of $259 your lease payment would be $282 monthly ($282 plus plates($89 transfer or $164 new plates) due at signing. This is based on a .00047 MF (did he mean .00049?), 62% residual, and buyout is $16,817.50.........Another dealer wrote up: Net cap cost $25,728, .00049 MF & 62% residual....both said $16,817.50 as buyout & both said lease is $282 per month.....This is on a 3 yr/12,000 lease.....Question is.....There is a price difference between the two of them of $928 so how can the lease amount be the same and the residual same?? What am I missing? Maybe the dealer did lower the MF to .00047**....Can someone help me out here please....Thanks

    Your first dealer didn't give you the CAP cost, just the selling price. There is a $595 acquisition fee. I would guess that the .00047 is a typo, and either way, that wouldn't affect the monthly by more than just cents per month.

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  • kingfrog721kingfrog721 Myrtle BeachPosts: 2

    Leased the CRV White Pearl EX-L with NAV Mats, Cargo cover,mop and Glo, door protectors, Wheel locks, striping and tint.

    Terms MSRP $30025 Price $27114.19 Sales/ Use Tax $283 (Double TAX?) Licence Fee $39 DOC Fee $384 Aquisition Fee $595 Reg Free $43.00

    Gross Cap Cost 28458.19

    Amount Due $340 Cap reduction $17 Sales Tax 1st Payment $327 TOTAL $684 DOWN

    $28454.19 Gross Cap Cost Cap Cost reduction $340

    Residual Value $17818 Depreciation $10319

    "Rent" Charge $1471.88 (** Does this cover the entire cost of the car? Seemed high for a .00089 MF)**

    Base Payments $11771.87

    Monthly payment $327

    Seemed like a good deal but the interest rate seems high, They came back with a higher residual and cap cost. I made them drop it to what I agreed to over the phone, I don;t know why the residual changed from$18858 to $17818 unless they tried to play with numbers and get more "profit at the end of the deal. I thought the MF and residual was always the same on Honda leases

    Is the payoff on a lease the total of payments plus the residual? Anything else. I won;t have 16K miles on this after three years so I won't be turning it in , rather I will sell it myself.

    Cap Cost reduction $340

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