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2014 Honda CR-V Lease Questions
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Hi Guys,
I am in DC Metro and looking at a CRV LX 2WD. I found a dealer offering "no money down" for 199/mo for 36 months. The residual is around $13,400. The fine print is as follows: $0 Due at Signing Lease Offers: Lease with $0 down payment, $0 first month’s payment, $0 security deposit. Excludes tax, title, license, and $499 dealer processing fee, on approved HFS super preferred credit. Mileage charge of $0.15/mile over 36,000 miles for vehicles under $30,000 and $.20/mileover 36,000 miles for vehicles over $30,000. What should I be pushing the dealer for in this deal? The rep said what will be due at signing will equal around 2,500. Should I push for a lower amount at signing, or lower monthly payments, etc.? Any help will be appreciated.
Secondly, I cannot afford this car at OTD prices if I want a reasonable loan length (i.e. 36-48 months). So assuming I pay 2,500 for the fees/charges outlined above, I would have paid 9,700 at the end of the lease contract, and then in a position to purchase what is likely a well-maintained (I don't drive much) three year old CRV with under 36,000 miles for approximately 13,400 or so. I can afford 13,400 over 36-48 months of financing, but not OTD as brand new. Does it make sense to look at it this way? Am I missing something? Won't I end up paying OTD costs anyway or just under/over by the time the car is paid off? (e.g lease money and post-lease finance money = OTD)
That's a 7-year plan to payoff a new CR-V. Why not just get an 84-month loan?
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I was trying to pay something equivalent over seven years to what I would now OTD, and as you know an eight year loan would mean paying more money over the long run.
Anyway it's looking less likely that I can pay something roughly equivalent to OTD by leasing then buying once everything is said and done. Probably have to revisit buying unless any of you have a different opinion. Thanks for the feedback.
Hi, can I get MF and RV for 2014 CR-V LX AWD in Missouri?
Thanks!
Sorry, 36 months, 12K/year.
Thanks again.
61% and .00078 MF. $750 lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks twice, Michaell!
Just arrived home with 2014 Alabaster Silver CRV AWD EX-L on Long Island, NY. Upfront paid tax, DMV registration fee, first payment, document fee, and bank fee totaling $2066. Monthly payment for Honda Finance lease is $269/month for 36 months, 10,000 miles/year. Dealer started at $349/ month but we worked it down. I had a RAV4 coming off lease next month and they purchased it from me and is paying Toyota the payoff. I guess they will make some money selling the Toyota on their used car lot. Saves me from paying the disposition fee and some damage that I would be charged for.
Congrats... sounds like a good deal. Enjoy it!
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Hi,
I am in Brooklyn, NY and I aminterested in three versions of the 2014 CR-V:
EXL AWD
EXL AWD, Rear Entertainment
EXL AWD, NAV
What would the money factor and the residual value be for a 36 month lease at 12k miles a year?
Thanks,
Greg
EXL and EXL RES have the same RV at 59%. Subtract 1% for EXL NAV.
MF for all three is .00039 with $750 lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi, can I get RV and MF for 2014 CRV FWD LX and EX. 36 month lease in Southern California with 12k miles. Thanks!
LX and EX - 60%. .00039 MF and $750 lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks! With a target OTD price (capitalized cost) of $21,000 - $750 lease cash and $500 down, it looks like my payments will come up to $223.55 per month + tax.
One dealer I have been talking with offered $219 w/ tax per month with $500 down. Trying to get him to go down to $215. Will it hurt me if the RV is higher than 60% other than I'll have to pay more if I wanted to buy the car at the end of the lease? I'd prefer a higher RV to push the monthly payments down.
RV is not negotiable - it is set by Honda finance and is based strictly on the trim level, lease term and miles per year.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello,
Could you please tell me the MF and residual for LX, EX, and EX-L in Pennsylvania?
Thanks!!
What lease term and how many miles per year?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36 months, 12000 miles per year. Thanks!
>
AWD?
LX and EX have the same residual at 61%. EX-L residual is 59%
MF is .00039, and there is $750 lease cash available this month.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Yes AWD. One dealer gave the following number.
MSRP-$27300
Price-$24900
Cap Cost-$25495
First payment and plate-$574.81
MF: 0.00039
Monthly Payment-$288
I didn't get Residual value for EX AWD but I guess it is 61%. My calculation using lease calculator is bit lower than 288. Could you verify this?
Thanks!
I get a pre-tax payment of $262.05. What is the tax rate where you live?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It is 10%. So their calculation is correct. Thank you very much for your help!
I had made a separate thread but this might be a better place to ask. Does this look like a good deal on a 2014 CR-V 2WD LX AT? I am in the Miami area.
$230/month; $0 down; $1255 in fees at signing including DMV fees/tag fees; 12000 miles per year limit
Not enough information ... what are the MSRP and negotiated selling price? What is the lease term?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Lease term is 36 months; the MSRP is 23950. I'm not sure what the negotiated selling price is, but I know it's below the MSRP. First car for a female recent college grad, just very unfamiliar with the process.
>
Thanks - if I use the MSRP you've provided and assume a selling price of $1500 below sticker, in conjunction with the 60% residual for 36/12 on the 2WD LX and the standard MF of .00039 in Florida, I get a pre-tax payment of $238.80/mo.
If your quote of $230/mo is inclusive of sales tax, it seems to be a very solid deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It isn't inclusive, so the total monthly payment would be around $243/month including tax. Trying to get dealers to be up-front throughout this process has been so difficult!
Dealers are often in the business of obscuring the real information. We're here to help level the playing field. Once you show them you are a knowledgeable buyer, they should open up to you.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for MF and residual value for 2014 Honda CR-V AWD 36 mo 12k miles. Connecticut / New England area.
.00039 and $750 lease cash.
Which trim level? RV ranges from 58% to 61%.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi, can I get the MF and residual value on a 12k mile/36 month lease for 2014 Honda CR-V 2WD EX-L without navigation?
The mods do great work here, thank you.
58% residual and either .00039 or .00078 MF. $750 lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
@michaell I might be missing something obvious but would you mind clarifying what determines "either .00039 or .00078" for the MF?
Also, the $750 lease cash, that should be considered a reduction to the capitalized cost of the car and be shown as a separate line item on the invoice or is that part of negotiating the selling price of the car?
Lastly, I've noticed people provide their location, I'm in Miami, does that affect the residual and/or MF? If so, you have answered my requests for this information on a few different cars and I'm wondering if I should be asking again, now that I know the location is relevant? lol
Thank you for your help.
The MF is based on the state - for Florida, the MF is .00039.
The lease cash works like a rebate - negotiate your best deal (use the pricing tools at the top of the page), then deduct the $750.
Alternatively, you can use it to offset some of the upfront costs of the lease - taxes and fees.
Some manufacturers have regional numbers, others are national.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi there... looking at AWD LX; best I've been able to come up with so far is a 3/yr cost of $9575 (starting with MSRP of 25200, sale price 22388, 15k/yr, 59% residual, and .00039 mf).
This was Hugh Chambers near Boston, but I am in CT. Started out as an ad-lease (209x36 +$29 down, TTL). Hope this helps, we should be signing tomorrow. That is, unless the mods have some more advice!
Using your numbers, I get a pre-tax payment of $223.42/mo. Not sure how this is better than the ad terms, other than you may not have any money down.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello!
I have a deal on the table with the following info. This is my first time leasing, so any input is welcome. It's much better than some of the other local dealers have quoted, even after negotiation, but like I said... first timer here.
2014 Honda CR-V LX AWD
Located in NJ
MSRP 25200 - Sale Price 22899
12k/36mo
$2229 down - includes taxes, tags, fees, 1st month's payment
Monthly Payment - $229
RV is 61% for 36/12, and MF is .00039. With your MSRP and selling price, I get a pre-tax payment of $224.01. $180 difference over the life of the lease is not that big of a deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you so much for the quick response!!
hello...i have a lease offer on the table for a new CR-V AWD EX-L in NJ. MSRP is 29,950. Purchase price is 27,100
Lease details are $1499 down covering first month's payment, fees, etc. Monthly payment is $285.
I think this is pretty good deal, but first time leasing so wanted to ask and check.
forgot to mention that lease is only for 10K miles a year.
.00039 MF and 60% residual. $750 lease cash.
I get about $271/mo. So, it depends what your $1499 is covering? 1st payment ($285), acquisition fee ($595), NJ title/registration ($400), Doc fee? ($300?). That is pretty close...
So, then you have to add in sales tax.. Looks like you are right on the money
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kyfdx: thanks so much for the feed back...went to go pick up the car today
I have an offer of 1,500 down total, and 220/mo payments for 36 months. Vehicle is 2wd LX with MSRP of 23,950 and residual of 58%. Any thoughts on the strength of this offer? State is MD and tax is 6%.
What is the selling price and how many miles per year? Not enough information to fully evaluate your offer.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for the question! 12,000 miles per year. By selling price, you don't mean the residual or MSRP, right?
No, I mean the negotiated price for the vehicle. You should easily get $1000 or more below the published invoice price, even on a lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
To be honest I don't think that came up during discussions. I figured it would be around 23,311, which is the amount I'd pay for the vehicle if I bought it at 36 months, minus fees and taxes on the purchase of the vehicle three years from now. Any tips on how to get this information out of the dealer in ways most beneficial to me? I assumed knowing the residual and getting the total cost of the car closer to what you'd pay in a purchase deal was one way to approach leases.
If you head over to the CR-V Prices Paid discussion, you'll find lots of information and expertise you can tap into.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks, will definitely check everything out. But for a lease, and pardon my ignorance, what is crucial about the purchase price? I thought it was all about the monthly payments, residual, and money down, plus getting out of all the gratuitous fees both before and after the lease is complete.