Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier-Honda CR-V Lease Questions

1232426282943

Comments

  • Hello dodgehappy. The easiest way for us to evaluate this deal is to look at this truck's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Let us know what this CR-V's selling price is and I'm sure that either myself or another helpful community member will gladly tell you what they think of this offer.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey swampdragon. These vehicles have completely different money factors, residual values. Furthermore, you never mentioned their selling prices either. The selling prices of leased vehicles are negotiable. Honda is currently providing a $1,200 dealer cash incentive on the Accord, but no cash on the CR-V. That money will make a big difference in the lease payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • The 1200 dealer cash is making a big difference in the lease.

    I was quoted 245.54 - with 755.54 down for the accord
    295.88 with 805.88 down for the CR-V

    If I wanted to put less down - then the monthly math would need to be adjusted.

    Another dealer was at $299 for the Accord - nothing down
    Honda is offering $250 with nothing down but on the Accord LX Model

    I might be oversimpligying things but why should I concerned about the dealer price and residual on a straightforward lease? I want to put nothing down and don't plan on keeping the vehicle at the end of the lease - I will look at the numbers for overage on the miles - no return fee - AHFC has a $1500 deductible on return also.
  • Hey swampdragon. The selling price for a leased vehicle matters because the lower your selling price is, the lower your car's monthly payment will be. I always advise consumers to shoot for a selling price that's as close to dealer invoice minus any available incentives as possible when leasing. Doing so pretty much guarantees that they are getting the best possible deal on the vehicle that they want.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Got an offer for 36 mo/ 12 k miles. New York
    MSRP $28525
    Cap Cost $26499 (with destination)
    Acquisition Fee $595
    MF 0.00080
    DMV/Title/Fee $300
    Residual Value $16259
    Total Out of Pocket Taxes etc $1500
    OTD Mo. Payment $339
    I'm to meet with saleman this week, anything else I should know, any advice, thoughts?
    Thanks
  • Hey all! What's the current MF for the CRV 4WD EX?
    Thanks!
  • Figured I'd share the offer I got from a dealer in Northern NJ yesterday on a 2011 LX AWD for 36m/12k lease.

    MSRP: 23,700
    Cap Cost: 22,300
    Residual: 60%
    MF: .0008
    Monthly Payment: 275

    Bank and DMV fees upfront (~$900). Taxes (7%) in the payment. This the first offer the dealer gave me without any negotiation. Seems like a fair deal...
  • delta737hdelta737h Posts: 603
    rostasteve,

    The 0.00080 MF and 60% residual factor applies to the 2010 CR-V LX 36/12k lease not the 2011 CR-V. AHFC is not offerring subvented financing for the 2011 CR-V.

    John
  • Thanks for the heads up John. The dealer made it clear that it was for a 2011. I wonder if this was an honest mistake on his part...
  • delta737hdelta737h Posts: 603
    edited October 2010
    rostasteve,

    My best guess is that it was an honest mistake. I just analyzed a lease for a 2010 CR-V from an Ohio dealer with an MF of 0.00080 and residual factor of 60% for a 12K/36 month lease. The dealer needs to double check their rate sheets. However, I'm not sure but I think the 2011 MF is 0.00200 and residual 62%.

    Good luck!

    John
  • logitraxlogitrax Posts: 10
    edited October 2010
    Just picked up a 2011 CRV EX AWD last night for my wife:

    MSRP 26,025
    Invoice 24,267
    Incentives 0
    Holdbacks 505 (Adjusted invoice = $23,762)
    Residual 66%
    Money Factor .00158
    Acquisition 895

    SALES PRICE 23,888
    ADJ. CAP COST 24,783

    277.57 payment + 26.23 tax = $303.80
    There's a $400 dispo fee at the termination, so the adjusted monthly cost is $314.91.

    We compared it against the 2010 EX with Honda's .0008 MF. Those #'s were:

    MSRP 25,875
    Invoice 24,128
    Incentives 0
    Holdbacks 502 (Adjusted invoice = 23,626)
    Residual 60%
    Money Factor .0008
    Acquisition 595

    SALES PRICE 23,697
    ADJ. CAP COST 24,221

    275.38 payment + 25.80 tax = $301.18

    So for a difference $12 per month, we went with the 2011 model so that my wife could drive off the lot in a black on black, which we've been unable to locate in the 2010 model. Plus, we got to stick with a salesperson/dealer I've stayed loyal to for my past 9 cars...which helps make it worth the extra cash!
  • Could anyone help me with November's residual and money factor for an EX-L CRV no nav??
  • Here you go, forschreiber. Honda Finance's November buy rate lease money factor and residual value for a 36 month lease of a 2011 CR-V EX-L without navigation with 15,000 miles per year are .00071 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Could anyone help me with November's residual and money factor for an CR-V EX-L without nav. with 12,000miles per year?

    Also, I really don't know much about this Lease Calculation thing. Can anyone review the deal I got at below, and tell me what I should be careful about when I meet a sales associate tomorrow to purchase a CR-V EX-L?

    2011 CR-V EX-L
    MSRP $27,895 + $780 (destination)
    Total out of pocket downpayment at $3,000
    Total out of pocket monthly payment of $299 for 35 months
    NYC tax rate is 8.875%

    Please help!
    I'm planning to buy this one tomorrow.
    Thank you so much in advance!
  • I think I got a good deal on this one. I have been calling several dealers, and waiting for the right offer. Saturday it was cold and rainy here in Indiana. I don't think the dealership was busy. The first dealer that I visited called to offer me a better deal than previously quoted. Here is what I ended up with.

    2011 CRV SE FWD
    15,000 miles per year for 36 months
    I paid only the first payment of $259.04 on Saturday (Including 7% sales tax)
    I have 35 more payments of $259.04.
    I think this is a good deal. Can anyone top this?
  • Hi bythehudson. Honda Finance;s November buy rate lease money factor and residual value for a 36 month lease of a 2011 CR-V EX-L AWD with 12,000 miles per year are .00071 and 60%, respectively for consumers who qualify for its top credit tier.

    The easiest way to evaluate the deal that you were quoted would be to take a look at this truck's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is much more difficult to tell how large a dealer discount you were given and in turn if there is any room left to negotiate. Let us know what this number is and Im sure that either myself or another knowledgeable community member will gladly tell you what they think.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I'm interested in leasing a 2011 CR-V EX AWD in NJ. I do not want to put more than $1,000 to $1,500 down. Does anyone have a suggestion as to what a great monthly payment would be under these circumstances? I'd like to have an idea before I go in and negotiate. Also, would waiting until the end of the month make much of a difference? Finally, would waiting until December (or the end of it) give me even more of a negotiating advantage? Thanks!
  • To clarify, I would also like a 15k/year lease. Thanks!
  • Okay folks - so I wound up leasing a 2011 CR-V SE 4WD because I could not justify the price difference for a moonroof. Here is my deal; 36 months/15,000 miles per year, $500 down (includes first monthly payment) and 285 per month, inclusive of taxes. How did I do?
  • steevosteevo Posts: 340
    Car_man,
    Do you have the mf and residual for same WITH Nav?
    Thanks,
    Steve

    "Here you go, forschreiber. Honda Finance's November buy rate lease money factor and residual value for a 36 month lease of a 2011 CR-V EX-L without navigation with 15,000 miles per year are .00071 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum"
  • steevosteevo Posts: 340
    The numbers are the same for the CR-V with Nav. I just worked out a deal for my wife on a CR-V EX-L with Nav using those numbers. We agreed on 29000 for the CR-V EX-L Nav using the above .00017 and 58% for 36 months and 15000 miles. Also Honda is forgiving the final 2 payments on her Pilot Lease which we will now turn in when we pick up the CR-V. There is a 595 bank fee and a 75 dollar Doc fee.
  • packer3packer3 Posts: 277
    Great people great deals my third Honda. Leased 2008 Accord LXP with 3 payments left, I brought it back and got into 2011 CR-V SE AWD, 12M miles $700.0 down $265.00 per mth 36 mth. Mohamad down there is a great guy to deal with.
  • Hey all,

    First time thinking of a lease but got complicated when trying to factor in a trade so i'm thinking better without, sell myself. Is that smart?

    I'm looking for a 3yr/12k miles, no money down except nec stuff. But what is that?
    Getting all kinds of crazy fees that i think are bogus! What should be the only fees?
    And, in NY vs NJ (live border) are there different fees? I heard no doc fee NY?

    Had some jerk try to tell me the glass etching fee was Honda req? Yeah right, walked out, when he said they put door pads on all the doors too.

    Lastly, how do you know how to compute the lease, tries Edmunds calc, didn't work at all. Are these fixed by Honda? I want to negotiate the price first and down but how do i know they did it accurately?

    Thx a lot!
    ps
    The deals i did get so far, several, with little haggle was $349/mo inc tax (down is 1st, dmv, doc.) Putting money down isn't a good idea, i know that much w/lease.

    I also got a trade offer $325w/tax and a check back for $2400. They were giving me $4000 for my mint 2000 civic.
  • steevosteevo Posts: 340
    Use the MF and Resdiual values in this forum. Then plug your numbers in to the lease calculator found at leaseguide.com.
    Your deal sounds decent to me. My deal is 377 a month including tax but I am getting Nav and 15000 miles. My doc fee in LI was 75 dollars. Also they are charging tax on the bank fee and the doc fee, said its a new NYS thing. Also NYS tire disposal fee of 12.50, wtf is that I am not disposing I am buying!.
  • drz05drz05 Posts: 1
    Hi,
    Can anyone help me with the money factor and residual for November for the 2011 CR-V SE AWD?
    Thanks!
  • lenamcdearmidlenamcdearmid Posts: 9
    edited November 2010
    This is the deal I have currently

    2011 Honda CR-V EX-L with navigation

    Lease is 36 months at $375 with tax. No money down or due at signing.
    MSRP is 29425
    Residual is 59%
    Money Factor is .00017
    Cap cost is $27,719.62

    I live in 30067

    Is this deal a good one? Considering finalizing this today
  • steevosteevo Posts: 340
    Looks like a good deal to me, especially if that price includes the bank fee and the first payment, but even if not its a good deal. I assume that is a 2WD truck. You can see my deal a few posts back..
  • I am assuming all fees/cost/payment is included. Basically i bring no money at close. Thanks !!
  • packer3packer3 Posts: 277
    Screw the factor, your getting beat by $50. a month. Plus the fact your monthly payment will be over $280.00 per mth.with the taxes and MV
  • So you believe that my package 2011 honda cr-v ex-l with nav for $375 a month is too high? no money at all out of pocket?

    I have contacted several dealers around here and no one can come close to that with no money down, for the package that i wanted.
This discussion has been closed.