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2017 Honda CR-V Lease Deals and Prices

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Comments

  • Wouldn't the ACV in a total loss be the same regardless of the payoff? So you would just get cash back from the insurance company, obviously you could have a gap but that's the case even if you put 0 down right?

    Why would the dealer not like it?

    Thanks!
  • kyfdxkyfdx Everywhere, USAPosts: 126,124

    I saw on an earlier part of the thread Michaell explained that a single-pay lease is calculated at a lower MF, and payments are summed into one payment. I asked a dealer if I can just make a downpayment that is equal to almost the entire capitalized cost (selling price less residual), so no interest is calculated on that amount at all, and I have a very small payment ($10 or something) that is subject to interest. They said it won't help. Does the interest get calculated on cap cost reductions at the full MF, so it just gets treated as a prepayment of the interest? Thanks!

    That still wouldn't take your interest to zero. The money factor is multiplied by the sum of the residual and the adjusted CAP cost. Even if you pay all of the depreciation upfront, the money factor is still applied to an amount equal to twice the residual.

    You are paying finance charges on the full price of the vehicle, not the depreciation. After all, that's the amount the bank has to pay the dealer.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 117,606

    Wouldn't the ACV in a total loss be the same regardless of the payoff? So you would just get cash back from the insurance company, obviously you could have a gap but that's the case even if you put 0 down right?

    Why would the dealer not like it?

    Thanks!

    Nope - for a lease, the vehicle owner is the bank, not the lessee. The bank is made whole, and your up front money is gone.

    I suppose the dealer wouldn't mind - they are selling a car. The bank, OTOH, isn't collecting that much interest in your scenario.

    I guess I'm not entirely sure what it is you hope to gain by doing this. If the purpose is to skip paying interest, then simply buy the car with cash and skip the whole leasing or financing run around.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell, I have personally received a check back in a total loss just weeks after leasing, where I had equity in the lease because I had negotiated a very low price relative to the value at the time. I believe the insurance company writes a check to the bank up to the payoff and any excess to the lessee. Of course there can be no excess and the lessee has to make up a shortfall. 

    Kydfx thanks I forgot there is interest on the residual! 
  • MichaellMichaell ColoradoPosts: 117,606

    Michaell, I have personally received a check back in a total loss just weeks after leasing, where I had equity in the lease because I had negotiated a very low price relative to the value at the time. I believe the insurance company writes a check to the bank up to the payoff and any excess to the lessee. Of course there can be no excess and the lessee has to make up a shortfall. 

    Kydfx thanks I forgot there is interest on the residual! 

    That's rare, I'll admit, but it can happen.

    But, was there any up front cash from you in that particular transaction? Did you get that back?

    I would say that 99% of leases are upside down for the entire lease term, especially those where the residual has been inflated to artificially lower the payment (*cough*BMW*cough*).

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • No, no cash down - just a good deal on a very in demand car (prius V, in it's first year).

  • How is the residual value calculated? Is it off the sale price or MSRP?  What would a monthly payment be?
    Crv Ex AWD 
    12k/36month
    MSRP -$29,035
    Sale Price -$27,300
    Money down-$5000

    Is it $209/month??

  • Also follow up questions, with it being so close to the 2018 crv coming out is there any financial benefit to waiting for that?  Will the residual value go up to 65%??
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    rickjk91 said:

    How is the residual value calculated? Is it off the sale price or MSRP?  What would a monthly payment be?
    Crv Ex AWD 
    12k/36month
    MSRP -$29,035
    Sale Price -$27,300
    Money down-$5000

    Is it $209/month??

    Residual is a percentage of the full MSRP.

    .00200 MF and 63% residual

    If the full $5000 goes to CAP cost reduction (meaning you pay 1st payment and all other charges upfront, in addition to the $5000), then the payment would be $192.50 +tax

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lairdwdlairdwd Posts: 41
    anyone have any thoughts to what will happen to the MF on the 2017 when the 2018's come out? Or will they just keep them the same and offer lease cash/dealer cash to blow out the 17's ?
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    lairdwd said:

    anyone have any thoughts to what will happen to the MF on the 2017 when the 2018's come out? Or will they just keep them the same and offer lease cash/dealer cash to blow out the 17's ?

    I doubt it will change any time soon. Plus, the new model CR-V typically doesn't come out until late Fall, so it could be quite awhile. Don't expect big incentives, in any case.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • dachapadachapa Posts: 2
    Hi Michaell,

    New to the forums, and been doing some research on how to get best deals in a lease. Currently looking at the CRV EX 2017 here in Houston, TX. Looking for the MF (Tier 1/Tier 1+) and Residual for the 2WD EX for 36 mo/12K.

    If it helps, I'm planning to give $0 down. From what the guy said, they have a pretty high turnover rate, but not sure if true or sales tactic.

    Thank you!
  • MichaellMichaell ColoradoPosts: 117,606
    dachapa said:

    Hi Michaell,

    New to the forums, and been doing some research on how to get best deals in a lease. Currently looking at the CRV EX 2017 here in Houston, TX. Looking for the MF (Tier 1/Tier 1+) and Residual for the 2WD EX for 36 mo/12K.

    If it helps, I'm planning to give $0 down. From what the guy said, they have a pretty high turnover rate, but not sure if true or sales tactic.

    Thank you!

    63% and .00200

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hey Michaell -

    DC metro (VA and MD dealerships) CRV, EX-L NAVI (CVT) AWD.

    36/12.

    MSRP - 32,535 (seems high to me)
    Discount - 1,041
    Adjusted Price - 31,494 (Thinking I can get this down)
    7% tax
    I'm likely to put $2,000 down

    I'm looking for MF and residual, but also what that roughly breaks out to monthly if we rolls taxes into lease.
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    mikem2017 said:

    Hey Michaell -

    DC metro (VA and MD dealerships) CRV, EX-L NAVI (CVT) AWD.

    36/12.

    MSRP - 32,535 (seems high to me)
    Discount - 1,041
    Adjusted Price - 31,494 (Thinking I can get this down)
    7% tax
    I'm likely to put $2,000 down

    I'm looking for MF and residual, but also what that roughly breaks out to monthly if we rolls taxes into lease.

    .00200 MF and 62% residual
    Which state is is registered in?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdx said:

    mikem2017 said:

    Hey Michaell -

    DC metro (VA and MD dealerships) CRV, EX-L NAVI (CVT) AWD.

    36/12.

    MSRP - 32,535 (seems high to me)
    Discount - 1,041
    Adjusted Price - 31,494 (Thinking I can get this down)
    7% tax
    I'm likely to put $2,000 down

    I'm looking for MF and residual, but also what that roughly breaks out to monthly if we rolls taxes into lease.

    .00200 MF and 62% residual
    Which state is is registered in?

    DC. We're still fighting for that whole statehood thing :)
  • Hi - Are the MF and residuals changing as of Aug 29th? (I think prior was through Aug 28?) Any deals for Labor Day weekend? This is for 2017 Honda CRV Touring; FWD; 3 yr / 12k mile lease; MSRP is $33,435 and purchase price is $31,100; this is in Texas.

    I am also curious about MF, residual and monthly payments both for $0 down and for $2,000 down?

    Thanks!!!!!
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    mikem2017 said:

    kyfdx said:

    mikem2017 said:

    Hey Michaell -

    DC metro (VA and MD dealerships) CRV, EX-L NAVI (CVT) AWD.

    36/12.

    MSRP - 32,535 (seems high to me)
    Discount - 1,041
    Adjusted Price - 31,494 (Thinking I can get this down)
    7% tax
    I'm likely to put $2,000 down

    I'm looking for MF and residual, but also what that roughly breaks out to monthly if we rolls taxes into lease.

    .00200 MF and 62% residual
    Which state is is registered in?

    DC. We're still fighting for that whole statehood thing :)
    $435.58/mo. plus tax, with 1st payment and DMV upfront.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Everywhere, USAPosts: 126,124

    Hi - Are the MF and residuals changing as of Aug 29th? (I think prior was through Aug 28?) Any deals for Labor Day weekend? This is for 2017 Honda CRV Touring; FWD; 3 yr / 12k mile lease; MSRP is $33,435 and purchase price is $31,100; this is in Texas.

    I am also curious about MF, residual and monthly payments both for $0 down and for $2,000 down?

    Thanks!!!!!

    No.. the lease program runs through September 5th.
    .00200 MF and 60% residual

    $427/mo., with first payment, DMV and taxes upfront. (rolled in the acquistion fee)
    Texas taxes are very high on leases. About $2000

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • caltmancaltman Posts: 128
    May I have the MF and Residual for 12k/36mo 2017 Honda CR-V AWD in MN for:

    1. EX-L
    2. EX-L w/Navi
    3. Touring

    Thanks!
  • MichaellMichaell ColoradoPosts: 117,606
    caltman said:

    May I have the MF and Residual for 12k/36mo 2017 Honda CR-V AWD in MN for:

    1. EX-L
    2. EX-L w/Navi
    3. Touring

    Thanks!

    .00200 and 63% (EX-L), 62% (EX-L Nav) or 60% (Touring)

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Money factor and residual for crv exl fwd. Socal. Thanks! 36/12

  • First time here I wanted to share some numbers I got from the dealership in dallas, tx

    2017 Honda Accord SE 
    MSRP: 27190
    Selling price: 22500 plus tt&l
    36/12k
    monthly payment: 295

  • MichaellMichaell ColoradoPosts: 117,606
    ted1234 said:

    Money factor and residual for crv exl fwd. Socal. Thanks! 36/12

    .00210 and 62%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 117,606
    canv2000 said:

    First time here I wanted to share some numbers I got from the dealership in dallas, tx

    2017 Honda Accord SE 
    MSRP: 27190
    Selling price: 22500 plus tt&l
    36/12k
    monthly payment: 295

    This is the CR-V lease thread; the 2017 Accord lease thread can be found here:

    https://forums.edmunds.com/discussion/41875/honda/accord/2017-honda-accord-lease-deals-and-prices#latest

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • ikozikoz Posts: 5
    In Davis, CA
    2017 CRV EXL AWD
    MSRP: $ 31,535
    Sales: $30,442 + TT&L
    3YRS/12K per
    MF: 0.0021
    Residual: 62%
    Monthly: $460.81

    Is that a decent price for Northern CA and is monthly correct?
  • MichaellMichaell ColoradoPosts: 117,606
    ikoz said:

    In Davis, CA
    2017 CRV EXL AWD
    MSRP: $ 31,535
    Sales: $30,442 + TT&L
    3YRS/12K per
    MF: 0.0021
    Residual: 62%
    Monthly: $460.81

    Is that a decent price for Northern CA and is monthly correct?

    I get $408/mo plus tax with those numbers.

    You might want to check the "CR-V Prices Paid thread" to see if your selling price is competitive.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • ilanailana Posts: 22
    Hello
    Can you please provide MF and RV for exl awd in NJ
    Thank you
  • MichaellMichaell ColoradoPosts: 117,606
    ilana said:

    Hello
    Can you please provide MF and RV for exl awd in NJ
    Thank you

    What lease term and how many miles per year?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • ilanailana Posts: 22
    Michaell said:

    ilana said:

    Hello
    Can you please provide MF and RV for exl awd in NJ
    Thank you

    What lease term and how many miles per year?
    36/12 and 36/15

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