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2013 and earlier-Honda CR-V Lease Questions

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  • Absolutely johnscar8. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V EX-L 4WD with navigation and 15,000 miles per year are .00155 and 59%, for consumers who qualify for its top credit tier.

    Car_man
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  • Hi basamx. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 CR-V EX-L 4WD without navigation with 12,000 miles per year are .00155 and 62% for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
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  • Hi hawk600. Please see my previous post for the information that you're looking for.

    Using an MSRP of $29,525 and a selling price of $28,266, I estimate that this vehicle would have a zero down, pre-tax monthly payment of around $349. You can always give it a shot, but I think that you're a tiny bit low on your target payment.

    Car_man
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  • Hey funrevn. Honda Finance's October buy rate lease money factor and residual value for a 26-month lease of a 2012 CR-V EX-L 2WD with navigation and 15,000 miles per year are .00155 and 58% for consumers who qualify for its top credit tier.

    Car_man
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  • dhogue1dhogue1 Posts: 12
    Can someone tell me the money factor and residual on the above vehicle with 12K miles - 36 months. We are looking at leasing one tomorrow:
    Sale Price 28,550
    Doc Fee 250
    Acq Fee 595
    Gross Cap 29,547
    We were quoted a payment of $398 with 6.25% OH sales tax, $500 cash due at signing (first months payment and tags). How does this sound? Did I miss any important details?
  • dhogue1dhogue1 Posts: 12
    Ended up forgoing the NAV due to the complaints mentioned here and elsewhere. Summary of my deal here in Cincinnati, Ohio:
    2013 CR-V EXL AWD no NAV
    Selling Price 26,775
    Floor Mats 152
    Cargo Tray 83.75
    Total 27010.75
    Licence/Title Fees 67.75
    Acquisition Fee 595
    Doc Fee 250
    Sales Tax (6.25%) 767.93
    Cash out of pocket $500 (incl 1st pmt)
    Residual 62%, MF 0.0016 (no security deposit)
    36 payments of ~ $362
    For those interested, leased from Joe Morgan Honda. I got quotes from every dealer in Cincinnati and they blew away the competition. Great dealership. I would highly recommend.
  • Hi dhogue1. Honda Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V EX-L AWD with Navigation and 12,000 miles per year are .00155 and 61% for consumers who qualify for its top credit tier.

    Car_man
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  • Hi Car_man,

    Can you please provide the November lease numbers on 2012 and 2013 awd lx crv's. I'm looking for the resid and mf on 24 and 36 month leases with 12k mi per yr.

    Thanks
  • cmks02cmks02 Posts: 22
    Car_Man:

    I would like to know the November lease money factor and residual for a 2013 CR-V EX-L AWD, 10K and 12K miles per year.
  • Hi dolphin5. I'm still working on finding out the residual values, but those aren't as important anyhow because dealers do not have the ability to modify them.

    Honda Finance's November by rate lease money factor and residual value for 24 to 36 month leases of the 2013 CR-V is .00160 for consumers who qualify for its top credit tier.

    The money factor for an otherwise identical lease of a 2012 model is .00126.

    Car_man
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  • Hi cmks02. As I mentioned in my previous post I have not seen the residual values for Honda yet. Honda Finance's current buy rate lease money factor for the 2013 CR-V is .00160 for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • cmks02cmks02 Posts: 22
    Car_Man,

    Have you been able to find the November residual for 2013 AWD CR-V EX-L, 12000 miles per year??

    Can you also confirm the money factor? I was quoted .00150 today, not .00160 as you mentioned above.

    Thank you
  • I certainly have cmks02. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V EX-L AWD with 12,000 miles per year are .00160 and 67% for consumers who qualify for its "Super Preferred" credit tier. I believe that the factor drops slightly to .00150 on "Sign and Drive" aka nothing due at signing leases.

    Car_man
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  • Hi Car_man,

    Can you kindly post the residuals and MFs for both the 2013 Honda CR-V FWD LX and AWD LX for a 10K/year, 36 month lease?

    I always appreciate your help on these forums.

    Thanks,
    Mike
  • Car_man,

    Can you confirm the 67% residual for the ny metro area on a 36 month - 12k mi / yr lease on a awd crv EX-L. I'm being quoted 62% without anyone checking credit.

    Thanks
  • If you are a parent of young children (at least one under 12 years old) who owns the latest model Honda CR-V, Hyundai Santa Fe or Chevy Traverse, a reporter would like for you to fill out a survey, due by December 1, 2012, for use in a print publication. Please email PR@edmunds.com no later than Friday, November 30, 2012 for a copy of the survey.

    Karen-Edmunds Community Manager

  • mrvvrroommmrvvrroomm Posts: 6
    edited November 2012
    I am not seeing 67%. I'm seeing 62% for CRV AWD EXL at 36 months, 12K miles/year here in Minnesota.
  • Certainly Mike. Honda Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 CR-V FWD LX with 10,000 miles per year are .00160 and 64% for consumers who qualify for its top credit tier.

    The money factor for an LX AWD would be the same, but its residual value would be 65%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited November 2012
    Hi dolphin5. Vehicles' residual values don't have anything to do with your credit score. They're the same for all credit tiers. The residual value for a 36-month, 15,000 mile per year lease of a 2013 CR-V EX-L AWD without navigation is 67%. The residual value actually bumps 2% for lease with only 12,000 miles per year. I might have thought that the previous poster was looking for a 15k lease.

    Perhaps the dealer is talking about a 2012 model. The residual value for a 24-month lease of that would be around 62%.

    Car_man
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  • I was offered a lease for a 2013 LX-CRV AWD w/o navi for $320 a month (not including taxes), 36 month lease with one month free, is this a decent deal? Basically, this is the current Honda offer except that they upgraded to the AWD from the 2WD.

    Thanks, dealer is in metro NYC.
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