Howdy, Stranger!

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





Honda Accord Crosstour Lease Questions

1356

Comments

  • Thank you car_man.

    I'm not sure if I should ask it here, or in a different thread, but the 3rd (and final) car I'm thinking of is a

    Toyota Venza 3.5L v6 AWD with the $5,660comfort package (with moon roof)

    I'm dying to know how that leases given all the bad press toyota has gotten. Are they giving these things away?

    The layout of the forums confuses me a bit, but let me hunt around for a venza lease thread.

    Thanks again,
    Mike
  • You're very welcome, Mike.

    Let me know if you don't find the Venza thread and I'll be happy to point you in the right direction.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_Man,

    I was wondering if there has been any change in the lease figures for the Crosstour EX-L w/Navi 2wd and EX-L w/Navi 4wd for October. I'm looking at 36 months 12K miles.

    Thanks.
  • 36 months, 12k/year, $0 due, $269+ tax. Silly leases. Check it out.
  • Hi car_man

    I'm interested in leasing a 2010 Crosstour EX-L AWD. 12k miles per year. The dealer is pushing a FWD and quoted a residual of 57% and a MF of .00048, both of which are great for a 2010 model. Can you tell me what the MF and residual would be if I moved up to an AWD model. Thanks.
  • Leased a 2010 Crosstour EX-L 2WD with Navi last weekend. Agreed upon price was $29,172. Added acquisition fee to sale price for cap cost. Monthly payment is $312 a month and I paid first/sales tax (3% of sale price)/doc fee and registration fees.

    Live in VA.
  • Here's the latest information for you, artiefufkin.

    Honda Finance's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Crosstour EX-L 2WD with Navigation and 12,000 miles per year are .00058 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of a 2010 Crosstour EX-L 4WD with Navigation are exactly the same.

    When negotiating your lease on this car, make sure to take advantage of the $1,200 dealer cash that is currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Eddie. Interestingly, the numbers for the Crosstour EX-L 2WD and AWD are exactly the same.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Does anyone know when the 2011 Crosstours will be available for purchase. I read on a couple of places online that the 2011 will be available with a 6-speed transmission. When I went to my local dealer, the salesman was very adamant that no such change is expected, and the 2011s will not be in any showroom until February 2011, and instead tried to pressure me into a 2010.

    Does anyone know if this is correct?

    http://www.autoguide.com/auto-news/2010/05/2011-honda-accord-crosstour-to-get-im- proved-fuel-economy.html
  • Thanks Car_man,

    I thought those were the numbers. I actually leased the car about 10 days ago and used those to calculate my payment.
  • That article was based on speculation back in May on Temple of Vtec. The 2011 Crosstour will be virtually identical to the 2010.
  • What was the lease price and numbers ? Can we ask?
  • It's posted above in post 68.
  • AXM23AXM23 Posts: 64
    What exactly was your total out of pocket? And your taxes are 3% of the cost of the whole car and not just the portion of the lease?

    Thanks.
  • artiefufkinartiefufkin Posts: 13
    edited October 2010
    Total out of pocket was $1,647.75. That amount is first month, doc fee, tax and registration fees.

    Unfortunately, VA is a state that charges sales tax on the gross sales price of the car and the doc fee regardless of whether you buy or lease.
  • AXM23AXM23 Posts: 64
    That is a great deal. The selling price is like $1300 under invoice after the Honda cash back. How did you manage that?
  • Most likely went into holdbacks. When I got my Crosstour EX, I paid $26,000, which is $1,666 under invoice (there was $1,200 Honda incentive + $590 holdbacks).
  • robp2robp2 Posts: 4
    I am looking for 36 month 1 pay lease for a Crosstour AWD EXL with Nav and 12000 miles a year for November. A dealer is quoting 53% and .00001 and a price of $33,200. Is the residual and factor correct? The price sounds high based on USAA's car buying service
  • artie where did you get this deal? in VA as well, NOVA specifically.
  • Deal was with Pohanka in Fredericksburg. Got an initial price through Truecar from them. Before going in, I got an e-mail from the sales manager saying that the price was now lower. I brought the e-mail with me and asked what the new price was. I assumed a $200 reduction and they offered $150 which I accepted.
  • I was offered today a lease for $349 incl. tax. 36 mths and no cash down. Crosstour EXL no nav. Alot of incentives avail price was $27500. I have never leased before. Don't even know questions to ask. this seems too good to be true. there must be a catch! They have a bunch on the lot, no black though. Said they just want to move them.
    I am in St. Pete, FL
  • Hi robp2. The residual and money factor that you were quoted are about right. The resid is spot on and the factor is actually .00020.

    As far as the selling price goes, the dealer invoice price of this car is $33,585. If you subtract the $1,200 dealer cash that is available on it right now from that it drops to $32385. That puts you at around $800 over invoice. Given the fact that there's additional back-end money available out there, I wouldn't be surprised if you were able to beat this price by a couple hundred dollars...but it's not terrible.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Great Info and thank you. Have a lease quote on Crosstour AWD w/Navi. 427/Month/36 Months/15,000 Miles Year. Only First Payment Due at Delivery. All fees, taxes, etc included in lease. Based on the residuals and money factor, seems like about a 32,000 negotiated price. Does this sound like pretty good deal?
  • Q1: Looking for a smell test from you experts out there. Looking to purchase in next few weeks. I've added $1,321 in extras. Suspect the dealer will add-on install. fee, although how much effort does it take to throw in a Cargo Tray? Quotes for vehic. plus extras and dest. charge coming in between $33,401 and $33,733 (DNI sales tax, doc fees, etc.). How much more can I push?

    Q2: I'm turning in a leased 2008 Lexus RX350 w/19,700 miles, excellent condition. $26,152 buyout. Same car w/33,000 miles is selling for $29,900 and $33,000 at used car lots. How much equity should I expect the delear to credit me on the above transaction?
  • With all due respect, why do you want to buy a Cargo tray? The tray is poorly designed for this car. By putting the tray in, you make it more difficult to access the storage compartments underneath the floor. You can flip the panels over to the hard surface if you want to protect that area.

    Don't be surprised if you are offered far less than the buyout for your old car. In most cases, the dealer will offer you fair book value for your car even if it's in pristine condition. And since you are leasing current car, the dealer has less incentive to buy it for top dollar since he could probably buy the same car at the auction house for much less after you turn it in.
  • You're welcome, nr4pac. The dealer invoice price of a '10 Accord Crosstour AWD with Navigation is $33,585. When we subtract the available $1,200 dealer cash from that, it drops to $32,385. The selling price that you were quoted is right around that, so it is a good deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jfn1000jfn1000 Posts: 22
    edited November 2010
    Carman,

    would you happen to know the money factor and residuals from Honda Financial for the 2010 Crosstour EX-L (no nav) FWD for 24 months, and both 12k & 15k miles/yr. Thanks
  • In response to my previous post, visited the dealer today, and money factor for 2010 Crosstour EXL FWD was .0002, and residual was 61% based on 12k miles 24 month lease.

    I leased the advertised loss leader (only 1 avail in stock) at $149./ month + 999 cap reduction + 595 Acq fee + 295 doc fee + 125 title/registration + sales tax. Total down was $2270 with 23 future payments of $149 + tax.

    Dealer claims to be taking significant loss.
  • I certainly do, jfn1000.

    Honda Finance's November buy rate lease money factor and residual value for a 24 month lease of a 2010 Crosstour EX-L FWD with 15,000 miles per year are .00020 and 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    When negotiating your lease on this car, make sure to take advantage of the $1,200 cash incentive that is currently available on leases of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Soxfan, you may want to check out some of the advertised speacials dealers have in either the globe or boston.com, presuming you are in the Boston area. I leased mine for next to nothing (149 + tax, with 2270 drive away cost for 24 months for EXL 2wd, no nav) - see post above), which required a discount of approx. 8600 from MSRP. Other dealers I talked to wouldn't touch deal as my dealer in Dedham had only one 2wd EXL and was offering as a loss leader, but I would guess you could get a discount in the range of $7000 or more in establishing the base capitalized cost for the lease. By the way, all other things being equal, lowest monthly payment based on my vehicle's selling price was for a 30 month lease, followed by 24 month lease, then 36 month deal. Good luck shopping. Love the vehicle so far. Wasn't considering car until I saw the low price ad.
Sign In or Register to comment.