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2013 and earlier-Honda CR-V Lease Questions

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  • jmcbmwjmcbmw Posts: 62
    Hey Car_man, do you have the August 2013 lease rates (money factor, residual) for the 2013 CRV-EX L Navi in both FWD and AWD if different would be great. Also, 12K or how much to add or deduct for 15K miles. We are looking to get one this coming weekend. Any help from other members appreciated! Thanks a bunch!
  • I got another quote from a dealer...

    Sales price 23,891
    money factor .00128
    out of poc $750
    lease payments with Tax $297 12k miles
    buy out 15,949
  • Hi CarMan.

    Can you provided the money factor and residual for Alabama for a 36-month, 15,000 mile per year lease on a 2013 Honda CR-V with Navigation System?

    Do you have the same information for the 2014 year model?
  • We ended up getting the 36 month lease on a 2013 CRV EX-L Navi in Silver/Black (our first choice color) for:
    $788 Out of pocket includes 1st payment, CA DMV, $100 doc fee
    $350/month including 9% LA County Tax.
    .00128
    59% residual for 12K miles (I think you subtract 2% for 15K miles)
    included 4 splash guards and wheel locks.
    VERY Happy with Diamond Honda of Peunte Hills ask for Steve Chen in internet sales
  • kyfdxkyfdx Posts: 27,643
    I'm sorry.... I have very limited Honda information, this month, and nothing on CR-Vs..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Just picked up a 2013 EX 36/36k Honda Finance.

    26975 Sticker, 25035 Purchase price, $500 Honda Cash.
    Paid $595 deposition fee.
    .00058 MF
    61% residual
    $248 + taxes per month
  • lnylny Posts: 7
    I am thinking of buying my CR-V at lease end. Anyone have experience working with Honda Financial? Any problems with them ignoring the residual in the lease?
    Thank you
  • charles_guycharles_guy Posts: 55
    edited October 2013
    honda finance cannot ignore contract(lease) residual with theyre standard papers (new 10/13 lease has different damage an turnin fee but thats nother story (http://www.hondafinancialservices.com/leasing/benefits) previous lease buyout with honda finance in 2009 californnia was smooth except for what we did. not more money but it wasted time

    did not purchase drectly from honda finance but went thru dealer since used car interest was better thru them than local banks back then (if you have cash to pay following doesnt mean anything cause you just pay honda directly based on residual and state tax) but then we had to sit thru dealer stuff jus like we bought new car cause process is they "temp/agent" purchase back from honda finance (when they lease they sell car back to honda) guess they hoped to make money on paint protection and stuff. read on

    dealers stuff (hubby hates this stuff. no we dont want tire protection cause we just bought these tires and they have tire dealer warranty thank you etc) was all finance office crap. shoulda been 10 minutes most but it took 30 and he walked out. of course got car at residual (lease/contract price+state tax) but it was big time waste for him cause he hates this stuff but % saved a few dollars

    remember your buying a used when you buy at residual so get best finance interest bank/credit union% or just pay with savings if you have. if dealer is better% jus prepare for finance office crap like buying or leasing new. jus say no to all. if under 36kmiles you can still buy hondacare cheap on the web

    good luck :)
  • lnylny Posts: 7
    Has anyone ever purchased at lease end for less that the residual on the lease contract ?
  • jayp05jayp05 Posts: 3
    Hi I want to share the deal I got on 2014 CRV EX AWD in Alexandria VA.

    12K miles/36 months - 1K down payment - $287 monthly.
    MF: .00127 Residual value: 64%

    I think I did a good deal, hopefully it will help others looking for similar monthly payment.
  • gillbgillb Posts: 30
    Hi Everyone....getting ready to purchase my third CRV. I have a lease question that I'm always confused about.

    Advice has always been not to be drawn in by the "how much would you like to pay per month" tactic and negotiate the monthly lease cost but rather to negotiate the price of the car and then have the lease cost determined by that number.

    My confusion comes in when there is a Honda Finance lease special which might specify dollars or no dollars down, interest rate and specific monthly cost. So now what do you do? Does the actual purchase price of the vehicle matter and if so why? Is there a scenario where I can actual beat a Honda Finance lease special by negotiating a lower price on the car?
  • 2014 EXL AWD
    The best I've found in NJ is:
    $700 at signing.
    $350/month x 35 months
    (both figures include all taxes / fees)
    Sound like a good deal?
  • I'm in Massachusetts with a high (780) credit score. I'm a total newbie to leases and interested in leasing a 2014 CR-V LX AWD. The local Boston dealers haven't been able to match the price from Weymouth Honda, which is exactly what was given by their lease calculator here:
    http://www.weymouthhonda.com/lease

    Before I pull the trigger, I thought it would be good to see what folks here think about the lease terms. Here's what I'm being offered:

    2014 CR-V LX AWD
    $25,025 MSRP
    $23,522 Net cap cost
    $800 Down payment
    0.00127 Money factor
    36 months lease term
    $249/mo Monthly payment

    With MA 6.25% tax, this adds up to:
    $1479 at signing (down payment, fees, first month's payment)
    $264/mo

    I've been told that the only real variable here is the net cap cost (ie. negotiated price of the car). Please let me know how this deal looks to you experts out there... or, if it doesn't look great, what would a good deal look like? Thank you for your help!
  • gillbgillb Posts: 30
    I'm no expert but it looks pretty much like the American Honda Finance Lease Special. I can tell you that I just turned in a 2010 CRV-EX that was on a three year lease and had absolutely no problems with Honda. They are professional and reasonable and the terms are the terms. What's especially nice is their $1500 "forgiveness money" I can't remember what they actually call it. Its on the back of the lease agreement.

    Closed end lease for 2014 CR-V 5 Speed Automatic AWD LX (RM4H3EEW) available from September 27, 2013 through November 4, 2013, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $25,025.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $23,187.61. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $8,964.00. Option to purchase at lease end $16,016.00. Must take new retail delivery on vehicle from dealer stock by November 4, 2013. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.
  • Thanks Gillb. That's helpful to hear.... sounds like it's no special deal but not a bad deal either. Anyone else have any thoughts on these lease terms from Weymouth Honda?
  • It seems like the Honda dealers are really sticking to the Honda website deals. I test-drove the same vehicle you're looking at and the sales person literally pulled up the website to show me a quote. I won't be ready to buy for probably another 2 months so I really didn't push. I requested another quote via email from a dealer and again got the deal from the website.

    My advice would be to get other dealers involved and try to get them to compete for your business. See if you can get someone to knock off a few hundred bucks off sales price. Truecar.com says invoice for that vehicle is $23,554 so they're supposedly selling it close to invoice assuming there are no rebates/incentives thrown in. I get the impression that it's such as a popular car that the Honda dealers just don't feel a need to discount it much but funny things happen when you add competition to a market.
  • gillbgillb Posts: 30
    Hi All....would sure appreciate latest information on a 36 month, 12,000 mile per year lease in the state of Florida. My credit rating is at the top of the rankings.

    Thanks
  • kyfdxkyfdx Posts: 27,643
    2014 CRV EX 2WD (?) 36mo, 12K/yr lease
    .00083 MF and 60% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • gillbgillb Posts: 30
    Thanks so much!
  • mixremixre Posts: 2
    Hey everyone, great info thanks in advance.

    Does anyone have #'s on a lease they've gotten for a 2014 CRV EX in NY they could share? (650 credit score so not top tier)

    Looking for 3yr 36k, really just trying to stay around or ideally under $300 for the payment so I wanted to hear of similar experiences. I'm not particularly nit-picky about getting a stellar deal I just want the car already, and I know I'm not supposed to go into the dealer with that attitude :)

    Thanks!
This discussion has been closed.