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2013 and earlier-Honda CR-V Lease Questions
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just got a deal for Honda CRV EX-L 4WD...299/= month (no down payment)...after much negociation... IS IT GOOD ..??
ALso what is the breakdown of the taxes and fees (i mean all in all) that i need to pay before I get the car..??? considering I want to pay all taxes and fees etc upfront...
Dealer told me DMV plates/ State tax/ Bank fees/ Destination fees/ tyre fees ....is there anything else...dont know how the total for is coming around 2800/=.....i am in NY...
Urban Titanium EX-L 4WD w/ roof rack
36 mo / 15k miles per year
Mass taxes @ 6.25%
Residual 58%
MF = .00059
Final cost, including all taxes/fees/registration:
$344.00/mo with $344.00 (first month) due at signing.
This pretty much equals the deal I got three years ago on my Accord EX-L 4cyl, so I consider myself happy.
Cheers
Thanks!
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0 down
815 (1st month payment + fees)
330+tax monthly
residual: 16180.75
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Any suggestions to negotiate a better deal will be appreciated.
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0 down
799 (1st month payment + fees)
330+tax monthly
residual: 16180.75 (60%)
4 oil changes @ the dealship
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Dealership name: Honda of Hayward
Did most of the nagotiations over the phone, compared with some other local dealers and then went over to the dealership.
One thing though: I went there almost at closing time and was at the dealership till about 11:30pm. They asked me to come back the next day so they could wash the car. But I believe they just wiped it or something the next day - what heck, the deal was over and papers signed, right? So please be careful or simply get a car wash yourself.
Cut this deal for a 36mo 12k/yr lease on EX-L 2WD w/o nav:
list price- $27,425
selling price- $25,566
MF- .00059
residual- $16,180.75
0 out of pocket
mo payment (including tax)- $325.79 (35 payments, 1st mo paid by Honda)
.00059 MF - April - Tier one super preferred
0-0-0-0 lease at $244/mo - True 0 OTD.
Boston Area honda - Silko, negotiated over the internet. They are the ones that are willing to deal, the other Boston area dealerships were much higher. Salesman did try to add doc fee and other fees, but I brought a printout of my negotiations with the online guy and had him very clearly spell out in the email the terms of the offer. After the usual song and dance with the sales manager, they agreed to honor the $244/mo.
I am about to sign a CRV HONDA LX 4wd.
280 a month 0 down, and only need to pay 600 upfront for 36 months. That included all fees. Buy back 14k.
If you know anywhere else that I can find a better deal, please refer to me to the proper person and dealer.
Thanks!!!!
DO you think he can lower it, or if I can ask for extra perks??
I put down total of $1680 OTD. This included first month payment. I now have 35 payments left of $300 even. This is 36month lease, 12k annually. Glacier Blue Metallic. Residual was 60% and money factor 0.00078. MSRP was $28675 and i negotiated down to $26679 (Base Cap Cost)
What you all think?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Clearly, this is an unusual situation. Any sense of a ballpark on what I could/should expect to receive? Thanks
Down: $900 (taxes)+dmv fees
Monthly:$270
Seems high, every dealer I went to says the same thing "We have a shortage due to the earthquake in Japan"
Anyone can help me out I would appreciate it. Sticker was $23,something (base model LX) no add ons.
Let me know thanks!
Agreed sell price: $24,349.88
Residual Value - $15,615
Doc Fee - $239.00
MF - .00068
Lease payment $310.13 for 36 months
I am in Westchester County New York, sales tax rate 7.375%
They have a gross cap cost of $25,766.79
I have tried all different combinations of different tax rates, with and without an advance payment, and I cannot come close to their cap cost.
Please help!!!
Thanks in advance and let me know if any addt'l info is needed.
Brian
Did you figure in sales tax on the cap cost reduction?
What model CR-V is this?
There is no cap cost reduction. I think taxes are included in the gross cap cost, but I am not 100% sure since I can't back into this cap cost no matter what combo of tax rate, $595 bank fee, $239 doc fee I use.
The doc fee is high, but the sell price is considerably lower than I can find locally in NY. The dealer is in MA.
Unless it's changed, the maximum dealer doc fee in NY State is $75. However, if you leased the vehicle in Mass., the $239 doc fee is probably legitiimate. You need to ask the dealer for a copy of their lease worksheet. This is a computer generated document that the dealer must submit to AHFC along with the lease agreement. The lease worksheet will tell you everything you need to know. Something is missing or not right with the numbers you provided. I get a payment of $312.44 including NY sales tax @7.375%.
If you need help, let me know at autoleasegeek@zoominternet.net
John
The AutoLeaseGeek
I'd ask them what (if any) amount is due at signing... Don't be surprised if it includes that doc fee and some other registration fees..
That looks like a pretty decent lease for a CR-V... historically, small SUVs have not been cheap to lease..
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Okay, here's what I've got and it does match the dealer...
Sell Price........................ 24,349.88
Amounts Capitalized
Acq Fee......................... 595.00
NY Tax 7.375%.......... 821.92**
Gross Cap..................... 25,766.80
Cap Reduction.............. 0.00
Adj Cap....................... 25,766.80
Residual..................... 15,615.00
Money Factor.............. 0.00068 Term......................... 36
Taxable Base Payment. .. 286.74
Payment (inclu Tax).... 310.13
You did say that this ia a sign and drive. However, the $239 doc fee is not included nor are the license/title/plate fees which you'll probably have to pay up front unless they're embedded in the sell price. If so, that's bad accounting on the part of the dealership. The sell price in virgin territory and should never be touched or adjusted in any way as it reflects the value of the vehicle.
John
The AutoLeaseGeek
MSRP: $29,655
Price: $28,255
36 month lease w/12K per year
Super Preferred HFC customer
Money Rate: .00078
Residual: .58
Total out of pocket: $3,000.
Payment: $324 plus tax
Please let me know if this lease looks good, bad, or just ok...Thanks.
CR-V EX
Price: $21,576
Monthly: $286.03 (including taxes)
Due at signing: $759 - includes first month's payment, registration and doc fees.
I will be looking to buy something in the next day or so; your feedback is much appreciated.
Thanks,
John
I am sorry, this is suposed to be the cheapie LX model.sorry for the confusion.
Can you please help confirm the MF and residual for an LX and SE in So Cal? I am being told it is .00078 and 61%. If that is true, I cannot figure out these numbers for an LX
Cost: $21667
Down $397
Monthly: 276 plus tax
I guess I am missing some fees??? Any help is much appreciated.
I am looking to lease the CR-V EX model (no leather) in NY. I was given the following quote, and was wondering if anyone can tell me if I'd be getting a good deal...
$320 per month for 35 months
dealer pays 1st month payment
Zero down
price includes taxes
12,000 miles
Any feedback is greatly appreciated! Thanks!
Would you mind telling me which dealer you got the quote from.
Thx.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
$1800 total out of pocket for the inception fees: $125 reg; $299 documentation; $595 acquisition; $790 Destination.
12k miles/ 36 months $300/mo + tax
12K residual is 60% @ $17,343
I recently received the following quote for a 2011 CR-V LX AWD on a 36 month 12,000 mile/year lease.
MSRP: $23,725
cap cost before reductions: $22,687
money factor (this is the current Honda Financial promotion): 0.00078 = 1.872% APR
residual value: 0.62
downpayment: $1,500
my taxes are roughly 6% (state of MO)
acquisition fee: $595 (standard Honda fee)
dealer's "fee": $199 (seems standard across dealers)
adjusted net capitalized cost: $21981
total monthly payment with taxes/fees/acquisition fee/dealer's fee rolled into the lease: $251.49
Total payment made @ lease beginning: $1888.99 ($1,500 down + first month's payment + taxes)
I am now trying to get other dealer's to match this quote. They all have agreed to match it. The first dealer advertised it as a "special" but I realized that was because they were omitting the $595 + $199 fees from the lease and accounting for them as upfront payments in addition to the $1,500 downpayment. Calculated this way, their "advertised" special was $179 but this did NOT include taxes. The quote I provided is actually from a second dealer that agreed to provide something in writing. Even if I decide to go through with this deal, I'm definitely more likely to go there than the first place because at least they provided something in writing.
Later on, I realized that this deal is not so special, particularly after all other dealers I contacted were perfectly happy to match it.
How much wiggle room is there to bargain?
I have to say that trying to get ANY of these dealers to email me a quote has been EXTREMELY DIFFCULT. It's worse than pulling teeth. The first place I visited in person refused to provide me with anything written. They pulled out a business card to have me write down some of the information. They would not provide the MSRP or any of that until I kept bugging them. They said that this information was so "fluid." I brought in a Consumer Reports-produced tally sheet and the dealer said that it was bonkers and that it rarely matched how real life deals go so they didn't even bother filling it out for me. I was quite disappointed and left the dealership. I am trying my negotiating skills over the email now.
Most dealers would give me only the monthly payment over email. It's almost as if they are afraid to provide anything in writing. I wouldn't give out my phone # to anyone because I'm not wasting my time with phone conversation sales pitches from 8 dealers. And of course they all tried to set up "phone appointments" with me. I told them no and some of them stopped responding after that. This is so dishonest and ridiculous.
John
The AutoLeaseGeek
I am going to be firm and ask them to lower the capitalized cost price.
delta737h has helped a lot of us here on the forums over the years, and his advice is always solid!
The only thing I can add is to check out the the lease configurator at Weymouth Honda HERE (already set up for your 6% tax). You can probably use this info in your negotiations.
Let us all know how things go, ok? GOOD LUCK!
John
TheAutoLeaseGeek
I just want to make sure that the dealers don't flip out on me. I'm going to try and negotiate the cap cost down to $20,000. If they say no, I'll walk away.
I wish they had a law whereby dealers would be required to share all the lease calculations with the customer. Sort of like the 'truth-in-lending' statement with home mortgages.
I also read that in many cases, customers will negotiate the cap cost down but then the dealer will turn around and use the MSRP in the monthly cost calculations. They will hide that from the customer. That's why I want to get all the info from the dealers so that I can do the calculations myself.
Many thanks for your kind words.
All the Best,
John
Currently, the FRBB's Rgeulation M, governing leases, does not require money factors/interest rates to be disclosed. However, as part of your documentation package and, in addition to your lease contract, ask the dealer for a copy of the LEASE WORKSHEET which every Honda dealer must submit to AHFC. This is a computer genrated document that discloses all pertinient data that you'll need for all calculations and then some. The calculations are straight forward.
Good luck!
John
Trying to help my niece with a lease, and I'm wondering if you can provide me with the August Lease Rates (Residual & MF) for a Honda CR-V EX-L 2WD. Interested in both 12,000 and 15,000 miles per year for 36 months.
Thanks!
PostyTSX
The residual value for a lease with only 12,000 miles per year year would be 2% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Similar but slightly different: I'm looking for the EX-L 2WD w/NAV; 12,000 miles a year 36 month lease.
In California. What would the numbers be?
(It's been a few years since I've been here on Edmunds!)
Thanks!
she is getting $375 a month for Ex-L with Nav for 36 months 4wd, 12k miles/year
She currently has a lease with a few months left and thats going to offset taxes fees etc.
is that too high??? also is higher residual value better if you do not plan on buying the car at the end?
also, they didnt tell her
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum