2016 Honda CR-V Lease Questions

anu_sharma

I got the following quote today for 2016 Honda CRV EX-L AWD.
$340/month with 0 down payment, 36month/12k miles per year, MSRP was around $30700 and selling cost $27300, residual 57%.
Is this a good deal? Thanks!

plutodite

Hello. May I please have MF/RV/incentives for '16 CRV FWD LX & EX. 36/10 & 36/12 in Phoenix. Much appreciated as always.

kyfdx

anu_sharma said:

I got the following quote today for 2016 Honda CRV EX-L AWD.
$340/month with 0 down payment, 36month/12k miles per year, MSRP was around $30700 and selling cost $27300, residual 57%.
Is this a good deal? Thanks!

What state and tax rate?
What is the adjusted CAP cost?

kyfdx

plutodite said:

Hello. May I please have MF/RV/incentives for '16 CRV FWD LX & EX. 36/10 & 36/12 in Phoenix. Much appreciated as always.

.00032 MF and 58% residual for 36/12. Either model.
No 10K/yr with Honda
$900 dealer cash $350 bonus lease cash

plutodite

kyfdx said:

Hello. May I please have MF/RV/incentives for '16 CRV FWD LX & EX. 36/10 & 36/12 in Phoenix. Much appreciated as always.

.00032 MF and 58% residual for 36/12. Either model. No 10K/yr with Honda $900 dealer cash $350 bonus lease cash

To be clear, the $900 dealer cash is lease-specific and should reduce the TMV deduced selling price? Or does the Edmunds TMV already take the dealer cash into account?

Michaell

plutodite said:

kyfdx said:

Hello. May I please have MF/RV/incentives for '16 CRV FWD LX & EX. 36/10 & 36/12 in Phoenix. Much appreciated as always.

.00032 MF and 58% residual for 36/12. Either model.
No 10K/yr with Honda
$900 dealer cash $350 bonus lease cash

To be clear, the $900 dealer cash is lease-specific and should reduce the TMV deduced selling price? Or does the Edmunds TMV already take the dealer cash into account?

The dealer cash is a factory to dealer incentive and not part of the TMV numbers. Use that knowledge to drive a better price.

max_max

Hi All,

Offered a deal for CRV AWD 2016 LX 12/36
MRSP $26,000
car value $22,374
accessories $499
down payment include first month $1550

monthly payment $225.23

purchase option after lease $15,106.10

is it a good deal?

Thanks

kyfdx

max_max said:

Hi All,

Offered a deal for CRV AWD 2016 LX 12/36
MRSP $26,000
car value $22,374
accessories $499
down payment include first month $1550

monthly payment $225.23

purchase option after lease $15,106.10

is it a good deal?

Thanks

Looks pretty good. What state? Tax rate?

max_max

kyfdx said:

max_max said:

Hi All,


Looks pretty good. What state? Tax rate?

MA,01545, tax 6.25% (included in the price with tag and reg)

kyfdx

max_max said:

kyfdx said:

max_max said:

Hi All,


Looks pretty good. What state? Tax rate?

MA,01545, tax 6.25% (included in the price with tag and reg)

Looks good.

frzgfrzg

Could I get lease information for a C-RV EX-L for zip 98012 (WA), 12k miles. And any lease specials right now for the dealership?

I started reach out via email to start the conversation, they tried to start with
$2k down - $356 a month / 12m
$4k down - $296 a month / 12m
$6k down - $239 a month / 12m

Needless to say, I don't think we're close yet.

MSRP of $30,745, 'autonation' price of $28,538.

Michaell

frzgfrzg said:

Could I get lease information for a C-RV EX-L for zip 98012 (WA), 12k miles. And any lease specials right now for the dealership?

I started reach out via email to start the conversation, they tried to start with
$2k down - $356 a month / 12m
$4k down - $296 a month / 12m
$6k down - $239 a month / 12m

Needless to say, I don't think we're close yet.

MSRP of $30,745, 'autonation' price of $28,538.

65% and .00175.

With those prices, I get $323/mo before tax.

Don't negotiate the payment, negotiate the selling price.

And, limit your up front costs to just the first payment and DMV costs.

frzgfrzg

Thanks Michaell,
Can you clarify the $323? How much down is that? $0?

Michaell

frzgfrzg said:

Thanks Michaell,
Can you clarify the $323? How much down is that? $0?

Let's back up ... is this for a 2016 or a 2017? I gave you the 2017 numbers, although this is the 2016 thread.

So, ignore my calculations until I understand what year this is.

frzgfrzg

Sorry, this is for the 2016 C-RV EX-L. The #'s I posted in the thread are for the 2016. So lets start over, I'll just post what I originally had, sorry for the confusion!

Could I get lease information for a 2016 C-RV EX-L for zip 98012 (WA), 12k miles. And any lease specials right now for the dealership?

I started reach out via email to start the conversation, they tried to start with
$2k down - $356 a month / 12m
$4k down - $296 a month / 12m
$6k down - $239 a month / 12m

Needless to say, I don't think we're close yet.

MSRP of $30,745, 'autonation' price of $28,538.

Don't really care for 2017 or 2016, just figured I'd get a lot more wiggle room out of the 2016's with a newer model already out.

Michaell

frzgfrzg said:

Sorry, this is for the 2016 C-RV EX-L. The #'s I posted in the thread are for the 2016. So lets start over, I'll just post what I originally had, sorry for the confusion!

Could I get lease information for a 2016 C-RV EX-L for zip 98012 (WA), 12k miles. And any lease specials right now for the dealership?

I started reach out via email to start the conversation, they tried to start with
$2k down - $356 a month / 12m
$4k down - $296 a month / 12m
$6k down - $239 a month / 12m

Needless to say, I don't think we're close yet.

MSRP of $30,745, 'autonation' price of $28,538.

Don't really care for 2017 or 2016, just figured I'd get a lot more wiggle room out of the 2016's with a newer model already out.

No, the problem was on my side ... I didn't pay attention to the thread title and assumed 2017.

2016 EX-L numbers are either .00032 or .00072 (I don't know what region WA is in). 57% residual for 36/12 on the EX-L trim.

And, $900 dealer cash and $350 bonus lease cash, on top of the best deal you can negotiate.

So, using your given prices (assuming $0 down), I get $339/mo before tax using the higher MF.

Ask the dealer for the adjusted cap cost, and how they got that number from the selling price. Not much of a discount, once you factor in the incentives. I think you can do much better on the pricing.

And, ask for a full breakdown of the up front monies. We suggest you limit your out of pocket to just the first payment and DMV costs, and roll everything else into the lease.

caltman

May I get MF and Residual for 2016 CR-V Touring AWD for 15k/36mo in Minnesota please?

Michaell

caltman said:

May I get MF and Residual for 2016 CR-V Touring AWD for 15k/36mo in Minnesota please?

52% and either .00032 or .00072

$900 dealer cash and $350 bonus lease cash.

anu_sharma

Hi! Can I get the MF and residual value for 2016 Honda CRV EX-L AWD in Rochester NY? Thanks!

anu_sharma

Hi, I got this deal for 2016 Honda CRV exl awd -$329/month(including taxes and ding&dent insurance) with $0 down payment, 55% residual, 12k/36m, first month's amount includes everything like title cost, dealer cost etc. in Rochester NY. Is this a good deal? Thanks!

kyfdx

anu_sharma said:

Hi! Can I get the MF and residual value for 2016 Honda CRV EX-L AWD in Rochester NY? Thanks!

.00032 MF and 57% residual for 36/12.
$900 dealer cash + $350 bonus lease cash

kyfdx

anu_sharma said:

Hi, I got this deal for 2016 Honda CRV exl awd -$329/month(including taxes and ding&dent insurance) with $0 down payment, 55% residual, 12k/36m, first month's amount includes everything like title cost, dealer cost etc. in Rochester NY. Is this a good deal? Thanks!

The residual should be 57%, unless this is an EXL with NAV.

What is the MSRP?
What is the selling price?
What is the actual total amount due at signing?
Ding and dent insurance is usually a good deal.. for the dealer.

anu_sharma

kyfdx said:

anu_sharma said:

Hi, I got this deal for 2016 Honda CRV exl awd -$329/month(including taxes and ding&dent insurance) with $0 down payment, 55% residual, 12k/36m, first month's amount includes everything like title cost, dealer cost etc. in Rochester NY. Is this a good deal? Thanks!

The residual should be 57%, unless this is an EXL with NAV.

What is the MSRP?
What is the selling price?
What is the actual total amount due at signing?
Ding and dent insurance is usually a good deal.. for the dealer.

It's EXL without NAV
MSRP: $30785
Selling Price: $27300
Total amount due at signing: $329.99

Is it worth to have a ding and dent insurance?

kyfdx

anu_sharma said:

kyfdx said:

anu_sharma said:

Hi, I got this deal for 2016 Honda CRV exl awd -$329/month(including taxes and ding&dent insurance) with $0 down payment, 55% residual, 12k/36m, first month's amount includes everything like title cost, dealer cost etc. in Rochester NY. Is this a good deal? Thanks!

The residual should be 57%, unless this is an EXL with NAV.

What is the MSRP?
What is the selling price?
What is the actual total amount due at signing?
Ding and dent insurance is usually a good deal.. for the dealer.

It's EXL without NAV
MSRP: $30785
Selling Price: $27300
Total amount due at signing: $329.99

Is it worth to have a ding and dent insurance?

Definitely 57% residual for 36/12.
.00032 MF

In my experience, the insurance sold in the F&I office is over-priced and mostly unnecessary.

If I add the acquisition fee to that selling price, I get $302/mo.+tax,
$329/mo. with just $329 due at signing looks pretty good.

iutodd

Please and thank you. MF and residual for an EX in MO? 36/12. I see $900 lease cash maybe?

Michaell

iutodd said:

Please and thank you. MF and residual for an EX in MO? 36/12. I see $900 lease cash maybe?

58% and .00032.

$900 dealer cash and $350 bonus lease cash.

iutodd

Thanks!

Tink2017

Could I get MF and residual for 2016 CRV SE AWD 36/12 for Indiana? Thanks

kyfdx

Tink2017 said:

Could I get MF and residual for 2016 CRV SE AWD 36/12 for Indiana? Thanks

.00072 MF and 58% residual
$900 dealer cash + $350 bonus lease cash.

murr8183

I'm looking for the MF and residual value on a 2016 CR V LX and for the same on the 2017 model.Thanks.

murr8183

murr8183 said:

I'm looking for the MF and residual value on a 2016 CR V LX and for the same on the 2017 model.Thanks.

Thats for Cook Co. IL

Michaell

murr8183 said:

murr8183 said:

I'm looking for the MF and residual value on a 2016 CR V LX and for the same on the 2017 model.Thanks.

Thats for Cook Co. IL

2016 - 56% and either .00032 or .00072 (don't know which region IL is in).

$900 dealer cash and $350 bonus lease cash

2017 discussion is here:

https://forums.edmunds.com/discussion/44005/honda/cr-v/2017-honda-cr-v-lease-questions#latest

jettglx1

NJ, Dealer has 1 CR-V EX left. They state MSRP is $28,295 and sale price of $22,819. All they say is payment on 12k/36month is mid to high 200.
Can I please get the residual and MF. NJ Tax is now 6.875%
Thank you,

Michaell

jettglx1 said:

NJ, Dealer has 1 CR-V EX left. They state MSRP is $28,295 and sale price of $22,819. All they say is payment on 12k/36month is mid to high 200.
Can I please get the residual and MF. NJ Tax is now 6.875%
Thank you,

58% and .00032

$900 dealer cash and $350 bonus lease cash, which I'm sure are reflected in the selling price.

jettglx1

Michaell said:

jettglx1 said:

NJ, Dealer has 1 CR-V EX left. They state MSRP is $28,295 and sale price of $22,819. All they say is payment on 12k/36month is mid to high 200.
Can I please get the residual and MF. NJ Tax is now 6.875%
Thank you,

58% and .00032

$900 dealer cash and $350 bonus lease cash, which I'm sure are reflected in the selling price.

They just responded back confirming the MF and Residual as you stated, thank you.
When I run the numbers through a Lease Calculator, I get monthly payment of $203.65
MSRP $28,295
Residual of 58% = $16,411.10
Sale Price = $22,819
MF .00032

Michaell

jettglx1 said:

Michaell said:

jettglx1 said:

NJ, Dealer has 1 CR-V EX left. They state MSRP is $28,295 and sale price of $22,819. All they say is payment on 12k/36month is mid to high 200.
Can I please get the residual and MF. NJ Tax is now 6.875%
Thank you,

58% and .00032

$900 dealer cash and $350 bonus lease cash, which I'm sure are reflected in the selling price.

They just responded back confirming the MF and Residual as you stated, thank you.
When I run the numbers through a Lease Calculator, I get monthly payment of $203.65
MSRP $28,295
Residual of 58% = $16,411.10
Sale Price = $22,819
MF .00032

I get the same payment.

However, you still have fees to deal with - dealer fee (likely $399 or so), acquisition fee of $595, and misc state mandated fees.

NJ also assesses tax on the sum of the payments, and collects the money up front. You can pay that amount at lease inception, or roll it into the selling price, at which point it will be subject to interest.

Our recommendation is to only pay the first payment and DMV costs up front, and add everything else into the selling price. If the car is stolen or totaled during the lease, you won't get a refund on those taxes you paid up front.

jettglx1

Michaell said:

jettglx1 said:

Michaell said:

jettglx1 said:

NJ, Dealer has 1 CR-V EX left. They state MSRP is $28,295 and sale price of $22,819. All they say is payment on 12k/36month is mid to high 200.
Can I please get the residual and MF. NJ Tax is now 6.875%
Thank you,

58% and .00032

$900 dealer cash and $350 bonus lease cash, which I'm sure are reflected in the selling price.

They just responded back confirming the MF and Residual as you stated, thank you.
When I run the numbers through a Lease Calculator, I get monthly payment of $203.65
MSRP $28,295
Residual of 58% = $16,411.10
Sale Price = $22,819
MF .00032

I get the same payment.

However, you still have fees to deal with - dealer fee (likely $399 or so), acquisition fee of $595, and misc state mandated fees.

NJ also assesses tax on the sum of the payments, and collects the money up front. You can pay that amount at lease inception, or roll it into the selling price, at which point it will be subject to interest.

Our recommendation is to only pay the first payment and DMV costs up front, and add everything else into the selling price. If the car is stolen or totaled during the lease, you won't get a refund on those taxes you paid up front.

Thanks for the input. Yes, no way around the bank fee, dealer fee and dmv fee. That payment I got was with tax on each payment, I understand what you are saying about paying the tax in each payment instead of upfront. Do you know if the Delivery/Prep fee is part of the MSRP? Do you know what credit score is needed to get the quoted money factor?

Michaell

jettglx1 said:

Michaell said:

jettglx1 said:

Michaell said:

jettglx1 said:

NJ, Dealer has 1 CR-V EX left. They state MSRP is $28,295 and sale price of $22,819. All they say is payment on 12k/36month is mid to high 200.
Can I please get the residual and MF. NJ Tax is now 6.875%
Thank you,

58% and .00032

$900 dealer cash and $350 bonus lease cash, which I'm sure are reflected in the selling price.

They just responded back confirming the MF and Residual as you stated, thank you.
When I run the numbers through a Lease Calculator, I get monthly payment of $203.65
MSRP $28,295
Residual of 58% = $16,411.10
Sale Price = $22,819
MF .00032

I get the same payment.

However, you still have fees to deal with - dealer fee (likely $399 or so), acquisition fee of $595, and misc state mandated fees.

NJ also assesses tax on the sum of the payments, and collects the money up front. You can pay that amount at lease inception, or roll it into the selling price, at which point it will be subject to interest.

Our recommendation is to only pay the first payment and DMV costs up front, and add everything else into the selling price. If the car is stolen or totaled during the lease, you won't get a refund on those taxes you paid up front.

Thanks for the input. Yes, no way around the bank fee, dealer fee and dmv fee. That payment I got was with tax on each payment, I understand what you are saying about paying the tax in each payment instead of upfront. Do you know if the Delivery/Prep fee is part of the MSRP? Do you know what credit score is needed to get the quoted money factor?

The destination charge is part of the MSRP; if there is a delivery or prep fee, it is likely assessed by the dealer and not part of the factory sticker.

I don't have the specific scores for Honda, but probably 700+ or 720+ to get the best MF

iutodd

Michaell said:

iutodd said:

Please and thank you. MF and residual for an EX in MO? 36/12. I see $900 lease cash maybe?

58% and .00032.

$900 dealer cash and $350 bonus lease cash.

Is it 57% for an EX-L?

tk900

Hello,

Could you please provide the MF / Residual and any incentives for an 2017 Honda CR-V LX FWD in Maryland - 2yrs/10k, 12k, 15k?

Thanks

Michaell

tk900 said:

Hello,

Could you please provide the MF / Residual and any incentives for an 2017 Honda CR-V LX FWD in Maryland - 2yrs/10k, 12k, 15k?

Thanks

No 10K allowance from Honda.

Either .00032 or .00072 (don't know which applies to MD) and 64% / 63%

$900 dealer cash and $350 bonus lease cash.

kyfdx

iutodd said:

Michaell said:

iutodd said:

Please and thank you. MF and residual for an EX in MO? 36/12. I see $900 lease cash maybe?

58% and .00032.

$900 dealer cash and $350 bonus lease cash.

Is it 57% for an EX-L?

Yes

flydiane1000

Hi. Can I please get the MF/Residual for a 2017 CR-V for Long Island? I'm interested in either the EX-L or Touring both AWD and turbo engine with navigation. Also and incentives at this time? Thank you.

Michaell

flydiane1000 said:

Hi. Can I please get the MF/Residual for a 2017 CR-V for Long Island? I'm interested in either the EX-L or Touring both AWD and turbo engine with navigation. Also and incentives at this time? Thank you.

The 2017 CR-V lease thread is here:

https://forums.edmunds.com/discussion/44005/honda/cr-v/2017-honda-cr-v-lease-questions#latest

flydiane1000

Thanks.

bulgokee

Please provide the MF and RV for an EX-L, 12/36.
What are the latest incentives?

Thanks.

Michaell

bulgokee said:

Please provide the MF and RV for an EX-L, 12/36.
What are the latest incentives?

Thanks.

55% and, er - what state? There are two MF for the CR-V, this month.

$900 dealer cash and $750 bonus lease cash.

bulgokee

Michaell said:

bulgokee said:

Please provide the MF and RV for an EX-L, 12/36.
What are the latest incentives?

Thanks.

55% and, er - what state? There are two MF for the CR-V, this month.

$900 dealer cash and $750 bonus lease cash.

PA

Michaell

bulgokee said:

Michaell said:

bulgokee said:

Please provide the MF and RV for an EX-L, 12/36.
What are the latest incentives?

Thanks.

55% and, er - what state? There are two MF for the CR-V, this month.

$900 dealer cash and $750 bonus lease cash.

PA

.00032

leon911

Hello Friends,

i am a bit confused on this and hence posting here. went to a dealer for CRV EXL trim.

Here is what he gave me:
MSRP = 31435
SP=31235
FEES: 351.78+80+595 = 1026.68
rv: at .65 = 20433
Gross Cap cost: 31910
cash cap red: 2000
net cap cost: 30805
amount paid by customer 2000
_____

he gave me a number of 2000 down and 447.07
isnt this too high a cost for a lease? he is not offering any rebates or discounts at all. says its in high demand. wondering what i am doing wrong.