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2013 and earlier-Honda CR-V Lease Questions

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  • sonoma34sonoma34 Posts: 5
    2009 Cr-V AWD Ex-L - One time lease payment. OTD = $12,323.74

    Cap Cost = $25,609.00
    Residual value = $17,052.52
    amort amount. = $8,556.45
    Rent Charge = $8556.45
    Base Payment= $111.67.17
    Sales Tax= $670.03
    Reg/Title= $160.00
    Doc.Fee= $326.54
  • jimbowhojimbowho Posts: 3
    My wife would like to LEASE a Honda CR V 4WD EX-L for 36 months with 15,000 miles a year. Only other option she needs is REMOTE STARTER.

    Given that we're willing to go out of pocket $2,000. (for 1st, sec deposit, mv and cap cost red) how much would you be willing to pay per month in the central/south Jersey area?

    THANK YOU VERY MUCH!

    JimboWHO
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, sleepysoo. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CR-V EX 2WD with 12,000 miles per year are .00210 and 57%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The $500 dealer cash that you mentioned is the only cash incentive that is available on this model at this time.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Help is on the way, JimboWHO. Let's work up a lease payment on the vehicle that you're interested in and see what we come up with. According to my calculations, if you were to lease a 2009 Honda CR-V EX-L 4WD that has an MSRP of $27,955 and a selling price of $26,052 (dealer invoice...the dealer keeps the $500 incentive) through Honda Finance right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment would be around $$387, assuming that you qualify for its "Super Preferred" credit tier.

    I don't believe that a remote starter is available on this vehicle as a factory-installed option. If so, then it probably cannot be residualized. That means that you would have to pay for the entire cost of the option over the life of the lease. Just divide the price of the option by 36 and add that the the payment above.

    Car_man
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  • jimbowhojimbowho Posts: 3
    Only one additional question - who's better than you ?!

    Thank you!

    JimboWHO
  • leedgatorleedgator Posts: 3
    Car_Man your thoughts?
    Live in S FLA where my wife and I traded in 2007 Accord EX-L w/ 4 Lease payments remaining, using Honda "roll ahead" program , for an '09 CR-V EX (no extra options)
    here's where we ended up...
    $500 Down (includes 1st month)
    $322.50/month
    36 Month
    12K Miles
    thoughts? advice for next time?
    Kind Regards,
    Rob
  • On the edmund lease calculator there is an option to input "Money Factor". What is the current rate for a CR-V 09' EX-L 2WD?
  • gzkazmigzkazmi Posts: 2
    Hello
    I need help. If someone can guide me I would really appreciate it. Since it's Honda days sale... are there any good deals on CR-V 09 for leasing??
    Also I went to a dealership in PA 2 weeks ago and we worked some numbers out. Please tell me if it is a good deal or if i can work him to bring my monthly payments lower.

    down payment $5000

    CR-V 2009 EXL 12k@yr
    36 months= 350

    CR-V 2009 EX
    36 months = $250
  • bigdadi118bigdadi118 Posts: 1,207
    My local dealer has lease special

    down payment $0

    CR-V 2009 LX 4x4 12kyr 3 yr lease
    36 months= 268
  • pilot25pilot25 Posts: 20
    I got a quote for 22,227. Not including any fees. What kind of lease payment can I expect to see for 36 month lease, 12k miles with no down payment? Thanks for any help
  • I was quoted the following yesterday, are these good rates?
    Car.........MSRP.....Selling.....Term .......PMT..Cash down
    CRV LX $23155 $20900 36 MO LEASE 309 W 680
    CRV EX $25405 $23000 36 MO LEASE 339 W 710
    PILOT LX $30205 $27200 36 MO LEASE 498 W 890
    48 MO LEASE 459 W 827

    These are all 12,000mi/yr, and include 6.5% sales tax, in the monthly payment and are all AWD models.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem jimbowho :blush: .

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Rob. The easiest way for me to evaluate this deal would be to take a look at the MSRP and selling price of the CV-V that you're interested in. Let us know what these numbers are and I'm sure that either myself or another knowledgeable community member will gladly give you their thoughts.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings car_neophyte. Honda Finance's current buy rate lease money factor for a 36 month lease of a 2009 Honda CR-V EX-L 2WD is .00210 for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gzkazmi. Honda's making a big deal about some special sale in its television commercials, but in reality its incentives...other than on the Accord and Civic...aren't very good right now. Its special lease money factor for the 2009 CR-V is currently .00210, which is equivalent to an interest rate of around 5%. That's not bad, but it's not much better than its standard money factor of .00285 (6.8%).

    Tthe first thing that I noticed about the deal that you mentioned in your post is the massive down payment that the dealer is asking you for. $5,000 is way too much money to put down on a lease. I always advise consumers to put as little money down as possible when leasing. Lessees who make large down payments risk losing part or all of them 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, you will be much safer going with a zero down lease.

    Car_man
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  • motoguy128motoguy128 Posts: 146
    There's not many deals right now because the CFC program depleated most of the inventories of the CR-V and Civic. Good old supply and demand... no need to discount a product that is in short supply?

    Using Honda's online lease vs. buy calculator, I determined that leasing would be just as if not more expensive than just doing a 60 mo. purchase. Both with $0 down. the lease, even requires the first payment up front...not with a loan. Wiht a 5.15% APR through my credit union, a lease didn;t make any sense... evne if I want to turn around and trade it in within 4 years.

    I think Honda is getting conservative on it's residuals. I think they are anticipating high inflation (increasing the cost of money), but a saturated used car market in the future. Especailly if gas prices take off again, even getting 26mpg, might not be so great if msot new vehciles being sold offer between 32-40mpg.
  • montiymontiy Posts: 3
    I am considering to lease in the next few days. Per Edmunds, the MSRP price listed for this is $28.945. We have been to a few dealrs who quote $459 + tax for 36 months and a trade-in value of $2000 for my old car.

    Is this a good deal , or i can get better ?

    I know CFC has exhausted the CRV from the market, but i hear they are coming with the 2010 in the coming week or so , which might bring the cost of the 2009 down. Is this true.
  • blueiedgodblueiedgod Posts: 2,797
    I am considering to lease in the next few days. Per Edmunds, the MSRP price listed for this is $28.945. We have been to a few dealrs who quote $459 + tax for 36 months and a trade-in value of $2000 for my old car.

    Is this a good deal , or i can get better ?

    I know CFC has exhausted the CRV from the market, but i hear they are coming with the 2010 in the coming week or so , which might bring the cost of the 2009 down. Is this true.


    Take the $459 multiply by 36 months and add $2000. You will come up with $18524 in rent for the privilige of driving the car for 3 years.

    You decide whether it is worth it, or not.
  • gzkazmigzkazmi Posts: 2
    ok my dealer is quoting the following lease of a CRV LX 4WD
    2500 down is 289 month including taxes... and 0 down for 367!
    MSRP 23523
    3 yr lease 12000 miles

    I am going to go on Monday to have a final talk... can anyone give me their opinion as to is this a good deal? Can i work him to bring the numbers down a little bit more? If there is anyone that had a better deal I'll love to know. This was at Piazza Honda in drexel hill, PA
  • blueiedgodblueiedgod Posts: 2,797
    ok my dealer is quoting the following lease of a CRV LX 4WD
    2500 down is 289 month including taxes... and 0 down for 367!
    MSRP 23523
    3 yr lease 12000 miles

    I am going to go on Monday to have a final talk... can anyone give me their opinion as to is this a good deal? Can i work him to bring the numbers down a little bit more? If there is anyone that had a better deal I'll love to know. This was at Piazza Honda in drexel hill, PA


    The first is better by $300 over the life of the lease, probably due to less finance charge due to the downpayment.Otherwise, they are identical.
  • Car_man,

    Could you post the October 24 month and 36 month MFs and Residuals for a 2009 CR-V assume 10,000 miles

    Thanks!
  • can you supply october 2009 numbers on a LX CRV 2010, AT base model,
    that is residual value and money factor, minimum milage for 36 or 39
    months. TNX for help
  • Need help, dealer wont tell me the october rate and residual on the 2010 CR-V AWD EX-L w/navi, 36 month/12k miles. Thank you in advance.
  • jayriderjayrider Posts: 3,322
    If he won't tell you the info -- lease elsewhere.
  • ^Definitely I am but unfortunately that's 3 dealers now that give me either the sales price or the monthly lease price but not both so i can't figure it myself and all wont give me the 2010 numbers out right. It is against the law and I get the runaround. I want to get the deal done by the end of the month so any help would be great, I have looked everywhere.
  • blueiedgodblueiedgod Posts: 2,797
    I have looked everywhere.

    Not on Honda website, I guess....

    Current offers

    FEATURED SPECIAL LEASE: Closed-end lease for 2009 CR-V 2WD LX Automatic Transmission (Model RE3839EW) for $239.00 per month for 36 months with a $1,615.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,449.00 total due at lease signing (includes first month's payment with no security deposit, AHFC upfront acquisition fee and capitalized cost reduction; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.

    Subject to limited availability. 9/9/2009 through 11/2/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 CR-V 2WD LX Automatic Transmission vehicles (Model RE3839EW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $21,955.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $19,135.90. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $8,604.00. Option to purchase at lease end $12,514.35. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 12,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 12,000 miles/year. See dealer for complete details.
  • jayriderjayrider Posts: 3,322
    Check out the zero down lease at bommarito honda st. louis,mo. Last ad had an awd crv price -- check their website and specials/weekly ad. There is a big honda dealer in louisville ky that has a site with lots of info not the factors. Register with ridewithg.com and ask for the #'s.
  • Honda's website has the current specials and figures on the 09, there are none on the 10'. I tried ride with G, there is no post up about it but as suggested I will register and ask on the forums there. I will post what I find.
  • Here you go, r56mellowyell. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2009 CR-V LX AWD with 12,000 miles per year are .00174 and 64%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The numbers for an otherwise identical 36 month lease are .00174 and 58%.

    I'm not sure if Honda Finance offers 10,000 mile per year leases on Honda division vehicles, but if it does its residual values for those are probably 1% higher.

    Car_man
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  • I'd be happy to help you out, anweisz. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 CR-V LX 4WD with 15,000 miles per year are .00270 and 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical 39 month lease are .00270 and 58%.

    Car_man
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This discussion has been closed.