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2013 and earlier-Honda CR-V Lease Questions

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  • OK thanks. $430 makes sense with my lease calculator. I hope I can get a price similar to that. Couldn't see it getting to $401. Just getting ready to get serious as my current lease expires Dec. 1. Hoping the money factors might improve a bit in Nov or Dec too....but maybe that is asking for too much. Any leads on dealers selling for msrp - 1895 appreciated.
  • jayriderjayrider Posts: 3,194
    I mentioned overstock -- check on line for crv awd exl
  • I am about to lease my first automobile and was hoping for some help. I have been shopping the 2010 CRV EX 4WD and think I have finally gotten a good price. Please let me know your thoughts as I'm going back to the dealership in the next couple of days. I live in northern NJ.

    42 months 12,000 miles yr
    2850 down with all taxes, fees and first month
    322 per month

    Sound good?
  • jayriderjayrider Posts: 3,194
    You will be 6 months out of warranty -- most folks who lease stay within the original warranty. If you get an ext warranty it may cost as much as a 36 month lease. Figure 430 for zero down 3 year 12k miles. Tax extra. That's getting close to the lease #'s on an acura mdx base.
  • Jayrider,

    No good on that deal? This is my first time buying or leasing a car. Is it bad to risk those 6 months with no warranty? What should I be asking for when I negotiate? I want this car but dont want to get ripped off or tricked. Thanks very much for the help.
  • jayriderjayrider Posts: 3,194
    just get the 36 month deal. payments will be higher -- The deal is what it is -- no great lease deals on much of anything.
  • joejoe01--In my view, I think you can do better. Without even negotiating my dealer is discounting $1500 off MSRP for a 2010 EX-L. With current lease deals, I can get that vehicle for $400/mo for 12,000 miles a year, with nothing down except tax and fees. I have not dealt on an EX but I would think the deals would not be that much different which should equate to something like $335/mo for 36months/36k miles...again with nothing but tax and fees down.
  • blueiedgodblueiedgod Posts: 2,803
    I am about to lease my first automobile and was hoping for some help. I have been shopping the 2010 CRV EX 4WD and think I have finally gotten a good price. Please let me know your thoughts as I'm going back to the dealership in the next couple of days. I live in northern NJ.

    42 months 12,000 miles yr
    2850 down with all taxes, fees and first month
    322 per month

    Sound good?


    What would it cost to finance it for 60 moths with the same $3000 down?
  • jayriderjayrider Posts: 3,194
    $491 -- 26k 5% includes taxes. Much better to buy.
  • actually moved forward with the lease today. i put down 2000 and got the 322 per month. if a month or two down the road i want to buy it can i do that? Im guessing thats a no and Im locked in for the full term of the lease? i wish i knew more about this stuff....
  • jayriderjayrider Posts: 3,194
    Never 2nd guess yourself -- you did as well as you could. The great leases don't exist anymore. Including mine. Enjoy your crv and the lower payments, 3 years from now you can buy or walk away.
  • Take advantage of what leasing provides you....the ability to "try" a vehicle for 3 years and then buy it if you want or walk away of you don't. Given the history and track record of CRV resale values, I am guessing your residual buy-out in 3 years could be $2000-$3000 below what the vehicle is actually worth.
  • thanks for the help jayrider..... its greatly appreciated. I love the new ride.
  • blueiedgodblueiedgod Posts: 2,803
    actually moved forward with the lease today. i put down 2000 and got the 322 per month. if a month or two down the road i want to buy it can i do that? Im guessing thats a no and Im locked in for the full term of the lease? i wish i knew more about this stuff....

    Read the leasing documents about early termination. Almost all of them require the complete payment. SO, if you leased at $322 for 42 months, your total payment is $13,524.

    If a couple months down the road you decide to sell, upgrade, whatever, you are still on the hook for the remainder of that $13,524. i.e. $13,524 - 2x$322 = $12,800.

    And so on...
  • bigdadi118bigdadi118 Posts: 1,207
    After you leased the CRV and you can buy out the car
    (1) by yourself if you want to keep
    (2) by dealer if you want to switch to another car.
  • I heard its never a good deal to buy the car after leasing it..... is this true??
  • That is definitely not a true statement. You never say never. It depends. When your lease ends, decide if you would like to keep the vehicle. If you would AND the residual buyout is roughly equivalent (or less) than the vehicle value, but it. Otherwise walk away.
  • jayriderjayrider Posts: 3,194
    If you buy your lease you will pay more than if you purchased it. You pay sales tax twice. That is one reason why it's not a great way to buy. The other consideration is that your buyout may be more than the going rate for similar cars. The leasing company rarely negotiates so you have to decide how much your knowledge of the car is worth. Of course sometimes the buyout is way less than market prices so that makes the buyout a better idea. If you are a leaser at heart -- then you won't buy because you want a new ride every 3 years. So never is not accurate.
  • blueiedgodblueiedgod Posts: 2,803
    After you leased the CRV and you can buy out the car
    (1) by yourself if you want to keep
    (2) by dealer if you want to switch to another car.


    Chances are it will cost more than buying outright in the first place.
  • The sales tax issue is also a "depends"...on your state of residence. I pay sales tax on my lease payments only, and then separately on the buy out, if I choose to purchase.
This discussion has been closed.