2016 Honda CR-V Lease Questions

Rivercar

What do you have for MF and residual CRV EX, EX-L and Touring in NY with 10,000 miles per year / 36 months?

Michaell

Rivercar said:

What do you have for MF and residual CRV EX, EX-L and Touring in NY with 10,000 miles per year / 36 months?

Honda does not offer 10,000 mile leases; 12,000 is the lowest mileage allowance.

I'll assume AWD as you are in NY.

.00080 MF

EX - 63%
EX-L - 62%
EX-L w/ Nav - 60%
Touring - 59%

botalara

I'm looking to lease a Honda CRV EX-L and am trying to figure out, if this quote sounds like a good deal and the numbers (MF etc) are correct.

Thank so much in advance!

Quote A:

MSRP is 29345
$338 plus tax
24 Month Residual = 19954.60 = 68%
Money factor is .00120
12000 miles yearly...( Honda does not have a residual for 10k Miles) 
Net Cap Cost  26,734.00
Drive Offs = 762.54

Michaell

botalara said:

I'm looking to lease a Honda CRV EX-L and am trying to figure out, if this quote sounds like a good deal and the numbers (MF etc) are correct.

Thank so much in advance!

Quote A:

MSRP is 29345
$338 plus tax
24 Month Residual = 19954.60 = 68%
Money factor is .00120
12000 miles yearly...( Honda does not have a residual for 10k Miles) 
Net Cap Cost  26,734.00
Drive Offs = 762.54

I confirm the .00120 MF and 24/12 residual of 68%.

I get $338.50/mo with your numbers, so bangon with the dealer quote. Only way to improve on it is to negotiate a lower net cap cost.

tjw7

hi, michael, the quote i got for a lease of a 2016 crv ex awd three yeart/15000 in nyc for $278 no money down inclusive of taxes. what do you think, thanks

Michaell

tjw7 said:

hi, michael, the quote i got for a lease of a 2016 crv ex awd three yeart/15000 in nyc for $278 no money down inclusive of taxes. what do you think, thanks

What are the MSRP and selling price? Need that info to model the payment.

36/15 numbers for EX AWD in NY are 61% and .00080.

glamamama

We are in NJ pricing out 36 mo lease deals on a Honda CRV EX AWD at various dealers. The best deal we have gotten so far is $179/mo with 2399 down plus 2472 fees (tax 880, dealer fee 498, DMV 350, bank fee 595) which includes first payment of 179. They includes 2 years of oil changes. The residual was .65 of MSRP which is 28,000. Is this a good deal? What else are we forgetting to ask or missing? We are hoping to (have not mentioned yet) possibly get a trade in which we will throw in at the end of final negotiations which is older SUV worth under $1,000. Thoughts? Thank you. 

tjw7

hi michael the otd price in nyc is

26,371.12. and the lease quote was $278, no money down all taxes included 3 years/15000 miles a 2016 crv awd ex

glamamama

glamamama said:

We are in NJ pricing out 36 mo lease deals on a Honda CRV EX AWD at various dealers. The best deal we have gotten so far is $179/mo with 2399 down plus 2472 fees (tax 880, dealer fee 498, DMV 350, bank fee 595) which includes first payment of 179. They includes 2 years of oil changes. 10,000 miles per year allowed. The residual was .65 of MSRP which is 28,000. Is this a good deal? What else are we forgetting to ask or missing? We are hoping to (have not mentioned yet) possibly get a trade in which we will throw in at the end of final negotiations which is older SUV worth under $1,000. Thoughts? Thank you. 

Hi we have been shopping around for a Honda CRV 

Michaell

tjw7 said:

hi michael the otd price in nyc is

26,371.12. and the lease quote was $278, no money down all taxes included 3 years/15000 miles a 2016 crv awd ex

And the MSRP?

Michaell

glamamama said:

We are in NJ pricing out 36 mo lease deals on a Honda CRV EX AWD at various dealers. The best deal we have gotten so far is $179/mo with 2399 down plus 2472 fees (tax 880, dealer fee 498, DMV 350, bank fee 595) which includes first payment of 179. They includes 2 years of oil changes. The residual was .65 of MSRP which is 28,000. Is this a good deal? What else are we forgetting to ask or missing? We are hoping to (have not mentioned yet) possibly get a trade in which we will throw in at the end of final negotiations which is older SUV worth under $1,000. Thoughts? Thank you. 

We don't recommend making a down payment on a lease; if the car is stolen or totaled, you lose that money. Better to negotiate your best selling price. The fees and taxes up front are different.

glamamama

Thank you. I understand now about upfront it is better to take that money and tack it onto the monthly fee. Does the rest of it look like a good deal? The dealership is saying it is 1500 under dealer invoice. 

Michaell

glamamama said:

Thank you. I understand now about upfront it is better to take that money and tack it onto the monthly fee. Does the rest of it look like a good deal? The dealership is saying it is 1500 under dealer invoice. 

There is an active "Prices Paid" discussion for the CR-V ....

http://forums.edmunds.com/discussion/38165/honda/cr-v/2016-honda-cr-v-prices-paid-and-buying-experiences#latest

tjw7

So that listed price
includes:

25,020

+ 2,220.53
(taxes)

+ 360 (DMV

which brings the total to
$27,588

glamamama

Thanks. I am new to the forum. I appreciate your advice.

tjw7

hi, i just received a lease quote with all fees $267, 3 years/15000 miles in nyc. it sounds very low ,to good to be true? this quote was lower than my previous quote from another dealer for $278 what do you think ? its for a 2016 crv awd ex

Michaell

tjw7 said:

hi, i just received a lease quote with all fees $267, 3 years/15000 miles in nyc. it sounds very low ,to good to be true? this quote was lower than my previous quote from another dealer for $278 what do you think ? its for a 2016 crv awd ex

What is the MSRP and selling price. Is there any money due at signing?

tjw7

2016​ Honda​ CR-V ​
MSRP
$27,295
E-Price
$25,930
APR
Starting as low as 0.9%
​ this is for a lease of 3 years/15000 miles 2016 awd ex crv all fees taxes are included for $267 per month in new york cityu.. make sense. ? thank you

Michaell

tjw7 said:

2016​ Honda​ CR-V ​
MSRP
$27,295
E-Price
$25,930
APR
Starting as low as 0.9%
​ this is for a lease of 3 years/15000 miles 2016 awd ex crv all fees taxes are included for $267 per month in new york cityu.. make sense. ? thank you

How much is due at signing?

What trim level are you looking at? FWD or AWD?

tjw7

no money down,awd

Michaell

tjw7 said:

no money down,awd

What trim level? LX, EX, EX-L?

tjw7

hi, the lease of $267 monthly /15000 miles for three years 2016 crv ex awd no money down msrp MSRP
$27,295
E-Price
$25,930
APR
is it a good deal? thanks ted

Michaell

tjw7 said:

hi, the lease of $267 monthly /15000 miles for three years 2016 crv ex awd no money down msrp MSRP
$27,295
E-Price
$25,930
APR
is it a good deal? thanks ted

There are two MF for the CR-V, based on the state you live in.

One gives me a payment of $309/mo, the other $292/mo, both before tax, when I use the prices you've given me.

Your deal looks pretty good by comparison.

inyod44

Hi Michael

Could you provide me with the MF and Residuals for the following 2016 Honda CRV for Los Angeles?

EX FWD 36/12K
EX-L FWD 36/12K

Michaell

inyod44 said:

Hi Michael

Could you provide me with the MF and Residuals for the following 2016 Honda CRV for Los Angeles?

EX FWD 36/12K
EX-L FWD 36/12K

.00080 and 63% (EX) or 62% (EX-L)

papu2020

Looking to lease Honda CRV 12K miles, for 3 years in NJ, Can I know what's the residual Value for LX , EX , EXL and Money Factor for 800+ credit score. Also I am puzzled, will a dealership try to hide the real value of these number. DO one has to negotiate these numbers with the dealer.

chuckster12

Hello from Denver,
looking for MF and residuals for both EX awd and EXL awd no navigation 36/12 and 36/15.
Honda has some aggressive finance offers, so I wanted to compare with lease terms.
thanks!

bama_lg

Looking at a 2016 Honda CR-V fwd Touring model in Alabama. What is the money factor and residual for 36 month and 15k per year?

Michaell

papu2020 said:

Looking to lease Honda CRV 12K miles, for 3 years in NJ, Can I know what's the residual Value for LX , EX , EXL and Money Factor for 800+ credit score. Also I am puzzled, will a dealership try to hide the real value of these number. DO one has to negotiate these numbers with the dealer.

I will assume AWD for all three.

63% for LX and EX; 62% for EX-L

.00080 MF for all three.

MF can be marked up for extra profit, but the residual values are set by the bank.

Michaell

chuckster12 said:

Hello from Denver,
looking for MF and residuals for both EX awd and EXL awd no navigation 36/12 and 36/15.
Honda has some aggressive finance offers, so I wanted to compare with lease terms.
thanks!

.00120 and 61% (EX) or 60% (EX-L) for 36/15. Add 2% for 12K

Michaell

bama_lg said:

Looking at a 2016 Honda CR-V fwd Touring model in Alabama. What is the money factor and residual for 36 month and 15k per year?

57% and .00120

chuckster12

Michaell said:

chuckster12 said:

Hello from Denver,
looking for MF and residuals for both EX awd and EXL awd no navigation 36/12 and 36/15.
Honda has some aggressive finance offers, so I wanted to compare with lease terms.
thanks!

.00120 and 61% (EX) or 60% (EX-L) for 36/15. Add 2% for 12K

Thanks! No love for Colorado with the lower money factor☹️

Michaell

chuckster12 said:

Michaell said:

chuckster12 said:

Hello from Denver,
looking for MF and residuals for both EX awd and EXL awd no navigation 36/12 and 36/15.
Honda has some aggressive finance offers, so I wanted to compare with lease terms.
thanks!

.00120 and 61% (EX) or 60% (EX-L) for 36/15. Add 2% for 12K

Thanks! No love for Colorado with the lower money factor☹️

Nope; CR-V's are quite popular here....

uno_ru6

Hello, could you please share the MF/RV for AWD LX, EX, EX-L please? Many thanks!

uno_ru6

For 36/12 and 36/10.

jeepguy18

What are your thoughts about this offer for the CRV LX

In Massachusetts, zero down.
MSRP $25775, Net Cap Cost $24800, Residual 63% (16,2380), MF: .00120

36 month, 12K miles per year

Thanks

kyfdx

uno_ru6 said:

Hello, could you please share the MF/RV for AWD LX, EX, EX-L please? Many thanks!

uno_ru6 said:

For 36/12 and 36/10.

36/12 (Honda doesn't offer 10K/yr)

63%/63%/62% residual.

MF is either .00080 or .00120, depending on your state.

kyfdx

jeepguy18 said:

What are your thoughts about this offer for the CRV LX

In Massachusetts, zero down.
MSRP $25775, Net Cap Cost $24800, Residual 63% (16,2380), MF: .00120

36 month, 12K miles per year

Thanks

What is the payment?

jeepguy18

$305 with tax

Michaell

jeepguy18 said:

$305 with tax

If the tax rate is 6.25%, then I'm within pennies of that quote.

uno_ru6

kyfdx said:

uno_ru6 said:

Hello, could you please share the MF/RV for AWD LX, EX, EX-L please? Many thanks!

uno_ru6 said:

For 36/12 and 36/10.

36/12 (Honda doesn't offer 10K/yr)

63%/63%/62% residual.

MF is either .00080 or .00120, depending on your state.

Thanks so much! I'm in Washington, would it be 0.00080 or 0.00120?

Michaell

uno_ru6 said:

kyfdx said:

uno_ru6 said:

Hello, could you please share the MF/RV for AWD LX, EX, EX-L please? Many thanks!

uno_ru6 said:

For 36/12 and 36/10.

36/12 (Honda doesn't offer 10K/yr)

63%/63%/62% residual.

MF is either .00080 or .00120, depending on your state.

Thanks so much! I'm in Washington, would it be 0.00080 or 0.00120?

.00120 in either WA or DC

timeless61

Can you provide money factor and residual for CRV EX 12k / 36 months in PA, 18411?

thanks,

Michaell

timeless61 said:

Can you provide money factor and residual for CRV EX 12k / 36 months in PA, 18411?

thanks,

I'll assume AWD.

.00080 and 63%

jalwaaa

rv & mf for 36/10 & 36/12 for honda crv touring in texas ?

Michaell

jalwaaa said:

rv & mf for 36/10 & 36/12 for honda crv touring in texas ?

.00120 MF and 60% / 59%

chea89

Hi; Looking to lease a CRV EXL AWD in NY as we get closer to the end of April. Can you provide the MF and residual for 36/12 please.
What selling price should I be aiming for?
Also, does Honda have a lease termination fee as part of the lease deal?
thanks--Charlie

Michaell

chea89 said:

Hi; Looking to lease a CRV EXL AWD in NY as we get closer to the end of April. Can you provide the MF and residual for 36/12 please.
What selling price should I be aiming for?
Also, does Honda have a lease termination fee as part of the lease deal?
thanks--Charlie

62% and .00080.

Yes, every manufacturer has a disposition fee at lease end. Usually a few hundred dollars.

jog1151

My daughter just leased a 2016 Honda CR-V EX, no navigation system, in NJ for $300.00 a month, no money down, 36 months, 12k. How can I tell if this is a good deal, or a fair deal? Appreciate any info.

Michaell

jog1151 said:

My daughter just leased a 2016 Honda CR-V EX, no navigation system, in NJ for $300.00 a month, no money down, 36 months, 12k. How can I tell if this is a good deal, or a fair deal? Appreciate any info.

We would need to know the MSRP and adjusted cap cost in order to evaluate the deal.