My dad has an offer to lease a 2017 Honda CR-V touring. The negotiated price is 32651. MSRP is 34,246. He plans to roll everything including taxes, .0875 in NY, for a 36/12, and the monthly payment is 438. This monthly seems wrong to me, as in too low. Am I missing something? Thanks for you help in advance.
I get $411/mo with those numbers.
Get the adjusted cap cost, if everything is being rolled in.
I have a Honda dealer in Chicago who is insisting that their MF on a 36/12 is .0024. Has anyone seen a crazy MF like this?
I pointed out to them that the prices on their own website appear to based on a .0018. They couldn't understand how I reversed their website price to determine the MF...to me it seemed pretty easy algebra, but maybe I'm going about it wrong.
MSRP 31,435 Cap Cost 30,156 (doesn't include taxes or fees) Down Payment 2000 Adj Cap Cost 28,156 Term 36/12 Residual 20,432.75 (65%) Monthly Payment 301.99 (again, no taxes or fees) Calculated Depreciation Payment ((Cap Cost - Residual)/Term) = 214.53 Remaining Portion of Payment for Interest/Rent = 87.46
If the way to calculate the rent payment is (Adj Cap Cost + Residual)*MF, then as long as you know the rent payment, you can do Rent/(Adj Cap Cost + Residual) = MF
So it comes out to .0018.
I feel pretty confident about my math on this but maybe I'm missing something. Can someone correct me or confirm?
I have a Honda dealer in Chicago who is insisting that their MF on a 36/12 is .0024. Has anyone seen a crazy MF like this?
I pointed out to them that the prices on their own website appear to based on a .0018. They couldn't understand how I reversed their website price to determine the MF...to me it seemed pretty easy algebra, but maybe I'm going about it wrong.
MSRP 31,435 Cap Cost 30,156 (doesn't include taxes or fees) Down Payment 2000 Adj Cap Cost 28,156 Term 36/12 Residual 20,432.75 (65%) Monthly Payment 301.99 (again, no taxes or fees) Calculated Depreciation Payment ((Cap Cost - Residual)/Term) = 214.53 Remaining Portion of Payment for Interest/Rent = 87.46
If the way to calculate the rent payment is (Adj Cap Cost + Residual)*MF, then as long as you know the rent payment, you can do Rent/(Adj Cap Cost + Residual) = MF
So it comes out to .0018.
I feel pretty confident about my math on this but maybe I'm missing something. Can someone correct me or confirm?
I agree with your math. What payment does the dealer get with those numbers?
Honda dealers rarely mark up the MF - perhaps they are assuming a higher MF as they haven't run your credit yet.
The closest comparison I have is that the dealer gave me a monthly lease payment of ~$475 with $2500 trade-in based on $30,000 sale price. I can't get there using any type of math.
Without taxes and fees, their website says $2500 down would be $287.21. I asked them to explain why taxes and fees were adding almost $200 and they couldn't, which is when I pointed out that they were calculating a .0024 MF but their site is .0018. They even showed me "a document they don't usually show people" to show that the MF is .0024.
I asked them to confirm if the MF was because they hadn't run my credit (which is excellent) and they said "this is the standard MF". And I asked if the MF on the website was .0018 because it was a deal they could only offer online and they disputed that it was .0018. Ugh.
Needless to say, I walked out and I'll be working with another dealer.
Hi. I am in South Florida, Ft Lauderdale area. Can you please provide me with the money factor, residual value and any national, state or local Incentives for leasing the following:
2017 CRV LX
Can I see the figures for 36 months? I believe you advised they don't offer 10k miles lease, If so, please show me for 12k.
Hi. I am in South Florida, Ft Lauderdale area. Can you please provide me with the money factor, residual value and any national, state or local Incentives for leasing the following:
2017 CRV LX
Can I see the figures for 36 months? I believe you advised they don't offer 10k miles lease, If so, please show me for 12k.
Thanks in advance for your assistance.
Hello! Once again, Edmunds is partnering with Parents Magazine to help families find their perfect car. If you own one of the below vehicles and have children under the age of 12, we'd love to hear what you think of it. Here's a link to the survey - please give us your thoughts no later than March 1, 2017. Thanks for your help!
Hi, I'm in upstate NY. The dealer gave me these numbers. Should I look for a better deal? Also, when I do the algebra, the monthly payment is actually $282 (not $329 they gave me).
2017 Honda CR-V EX AWD
36-month lease, 12k/year.
MSRP: $28935
Agreed upon value: $27835
$3k down payment
Money factor: .002
Residual value: .65
Monthly payment: $329
Is it possible to negotiate under $300/month? Thanks.
Hi, I'm in upstate NY. The dealer gave me these numbers. Should I look for a better deal? Also, when I do the algebra, the monthly payment is actually $282 (not $329 they gave me).
2017 Honda CR-V EX AWD
36-month lease, 12k/year.
MSRP: $28935
Agreed upon value: $27835
$3k down payment
Money factor: .002
Residual value: .65
Monthly payment: $329
Is it possible to negotiate under $300/month? Thanks.
Hi, I'm in upstate NY. The dealer gave me these numbers. Should I look for a better deal? Also, when I do the algebra, the monthly payment is actually $282 (not $329 they gave me).
2017 Honda CR-V EX AWD
36-month lease, 12k/year.
MSRP: $28935
Agreed upon value: $27835
$3k down payment
Money factor: .002
Residual value: .65
Monthly payment: $329
Is it possible to negotiate under $300/month? Thanks.
What did you use for the adjusted CAP cost?
To get the adjusted CAP cost, I subtracted the down payment (3k) from the agreed-upon value (27835). So it's $24835.
Hi, I'm in upstate NY. The dealer gave me these numbers. Should I look for a better deal? Also, when I do the algebra, the monthly payment is actually $282 (not $329 they gave me).
2017 Honda CR-V EX AWD
36-month lease, 12k/year.
MSRP: $28935
Agreed upon value: $27835
$3k down payment
Money factor: .002
Residual value: .65
Monthly payment: $329
Is it possible to negotiate under $300/month? Thanks.
What did you use for the adjusted CAP cost?
To get the adjusted CAP cost, I subtracted the down payment (3k) from the agreed-upon value (27835). So it's $24835.
If $3000 is the total due upfront, then it can't all go to CAP reduction.
NC 2017 CRV EXL 36mo/12k miles MSRP 30,135 Money Down (incl first month): 1,850 Agreed Upon Value: 28,292.17 Title/Reg/Doc/Acq Fees: 1,502 Gross Cap Cost (value + fees): 29,804.17 Residual value: 19,587.75 (65%) MF: .0019 (Rent Charge: 95.91/mo) Monthly Payment: 350/mo
Good deal?
I get $378/mo before tax with those numbers.
Confirm the adjusted cap cost the dealer is using for the $350/mo quote.
And, I thought the MF was .00175 for the CR-V this month; could be .00190, but we don't have any documentation to confirm.
Below is the breakout the dealer gave me for this deal.
NC 2017 CRV EXL 36mo/12k miles MSRP 30,135 Money Down (incl first month): 1,850 Agreed Upon Value: 28,292.17 Title/Reg/Doc/Acq Fees: 1,502 Gross Cap Cost (value + fees): 29,804.17 Residual value: 19,587.75 (65%) MF: .0019 (Rent Charge: 95.91/mo) Monthly Payment: 350/mo
Good deal?
I get $378/mo before tax with those numbers.
Confirm the adjusted cap cost the dealer is using for the $350/mo quote.
And, I thought the MF was .00175 for the CR-V this month; could be .00190, but we don't have any documentation to confirm.
Below is the breakout the dealer gave me for this deal.
I backed into the MF from Rent Charge.
Adjusted Capitalized Cost: $28,368.22
---------
Agreed Upon Value: 28,292.17
Capitalized Fees: +1,512
Gross Cap Cost: =29,804.17
Capitalized Cost Reduction: -1,435.95
Adj. Cap Cost: = 28,368.22
Residual Value: -19,587.75
Depreciation & Amortization Amounts: =8,780.47
Rent Charge: +3,452.69
Total Base Payments: =12,233.16
/ 36 Month Lease
Monthly Base Payments: =339.81
Monthly Sales/Use Tax: +10.19
Total Monthly Payment: =350/mo
How are you calculating the rent charge? With a .00190 MF, I get $3280.32
((28,368.22 + 19,587.75)*.00190)*36
----
You are correct. So MF must be higher - around .002 on this deal.
I just helped my Mom lease a vehicle on Monday. We are in Florida. 2017 Honda CR-V EX-L, no navigation. Total out of pocket $678.95 (this was the first payment and tag transfer). Her monthly payment is $380.00 per month, including the tax. It is a 36 month/12K miles per year lease. Thanks Edmunds for the helpful information, as usual. I think it's a good and fair deal. Thanks
I just helped my Mom lease a vehicle on Monday. We are in Florida. 2017 Honda CR-V EX-L, no navigation. Total out of pocket $678.95 (this was the first payment and tag transfer). Her monthly payment is $380.00 per month, including the tax. It is a 36 month/12K miles per year lease. Thanks Edmunds for the helpful information, as usual. I think it's a good and fair deal. Thanks
Hi, Could i please have the RV and MF on both 2017 CRV EX-L 36/12 and 36/15 in Maine. Looking to negotiate a lease deal. Right now this is what they have given me for pricing...Which I know is not a good deal.
For a 3yr/36k mile lease on the 2017 CR-V EXL we can offer a sign and drive lease at $457.66/mo + $19/mo for 45k mile. With $2,000 down that number would drop to $393.77. With $3,000 down, just $362.96/mo.
A 2yr/24k mile lease would be $554.84/$460.11/$414.32 respectively with the same down payments, and again roughly $19/mo more for a 30k mile 2yr lease.
This is based on MSRP of $31,395 Purchase price of $30,600 ( this is the price they offered, I haven't responded to it yet) I will not be putting any money down
Hi, Could i please have the RV and MF on both 2017 CRV EX-L 36/12 and 36/15 in Maine. Looking to negotiate a lease deal. Right now this is what they have given me for pricing...Which I know is not a good deal.
For a 3yr/36k mile lease on the 2017 CR-V EXL we can offer a sign and drive lease at $457.66/mo + $19/mo for 45k mile. With $2,000 down that number would drop to $393.77. With $3,000 down, just $362.96/mo.
A 2yr/24k mile lease would be $554.84/$460.11/$414.32 respectively with the same down payments, and again roughly $19/mo more for a 30k mile 2yr lease.
This is based on MSRP of $31,395 Purchase price of $30,600 ( this is the price they offered, I haven't responded to it yet) I will not be putting any money down
Any and all advice is welcome!!
.00200 and 65% / 63%
Using your prices, I get $385/mo plus tax for 36/12
Ask the dealer for the adjusted cap cost, and how they got to that number from the selling price.
Hi, Could i please have the RV and MF on both 2017 CRV EX-L 36/12 and 36/15 in Maine. Looking to negotiate a lease deal. Right now this is what they have given me for pricing...Which I know is not a good deal.
For a 3yr/36k mile lease on the 2017 CR-V EXL we can offer a sign and drive lease at $457.66/mo + $19/mo for 45k mile. With $2,000 down that number would drop to $393.77. With $3,000 down, just $362.96/mo.
A 2yr/24k mile lease would be $554.84/$460.11/$414.32 respectively with the same down payments, and again roughly $19/mo more for a 30k mile 2yr lease.
This is based on MSRP of $31,395 Purchase price of $30,600 ( this is the price they offered, I haven't responded to it yet) I will not be putting any money down
Any and all advice is welcome!!
.00200 and 65% / 63%
Using your prices, I get $385/mo plus tax for 36/12
Ask the dealer for the adjusted cap cost, and how they got to that number from the selling price.
Hi, Could i please have the RV and MF on both 2017 CRV EX-L 36/12 and 36/15 in Maine. Looking to negotiate a lease deal. Right now this is what they have given me for pricing...Which I know is not a good deal.
For a 3yr/36k mile lease on the 2017 CR-V EXL we can offer a sign and drive lease at $457.66/mo + $19/mo for 45k mile. With $2,000 down that number would drop to $393.77. With $3,000 down, just $362.96/mo.
A 2yr/24k mile lease would be $554.84/$460.11/$414.32 respectively with the same down payments, and again roughly $19/mo more for a 30k mile 2yr lease.
This is based on MSRP of $31,395 Purchase price of $30,600 ( this is the price they offered, I haven't responded to it yet) I will not be putting any money down
Any and all advice is welcome!!
.00200 and 65% / 63%
Using your prices, I get $385/mo plus tax for 36/12
Ask the dealer for the adjusted cap cost, and how they got to that number from the selling price.
What is the tax rate?
The tax rate is 5.5%
$406/mo with tax included.
Still a long way away from the numbers the dealer is quoting. Getting the adjusted cap cost will help explain the difference.
Can I get the 3/36 MF and RV for the 2017 CR-V EX and EX-L without nav in New York City? Also, the dealer quoted us a sign & drive price (only 1st month's payment and DMV fees up front, all dealer fees and taxes included in the monthly figure) of $315 for an EX w/o nav for 39 months/30K miles (and 'about' $10/month more for 36K). He said they don't offer a straight 36 month lease because the banks give them better terms on 39. Should I be suspicious of anything? Is there a any down side to the longer term (other than having to stretch the mileage over 3 more months)? Is there a residual figure for 39 months? If not, how would I use the 36 month figures? Lastly, are the Honda numbers regional or national? Thanks so much for all the help!
Can I get the 3/36 MF and RV for the 2017 CR-V EX and EX-L without nav in New York City? Also, the dealer quoted us a sign & drive price (only 1st month's payment and DMV fees up front, all dealer fees and taxes included in the monthly figure) of $315 for an EX w/o nav for 39 months/30K miles (and 'about' $10/month more for 36K). He said they don't offer a straight 36 month lease because the banks give them better terms on 39. Should I be suspicious of anything? Is there a any down side to the longer term (other than having to stretch the mileage over 3 more months)? Is there a residual figure for 39 months? If not, how would I use the 36 month figures? Lastly, are the Honda numbers regional or national? Thanks so much for all the help!
.00200 and 65% for both EX and EX-L. Subtract 2% for 39 months.
Our numbers are from Honda Finance; confirm that your dealer is using them as well.
We would need to know the MSRP and selling price to figure the payment.
I am looking to lease 2017 CRV touring 3/15000. I have been quoted 60% residual, 0.002 money factor. Also, I was quoted $31,345 purchase price. I am in westborough, MA. Are this usual numbers? I saw 0.00175 MF with 65% residual on this thread,
I am looking to lease 2017 CRV touring 3/15000. I have been quoted 60% residual, 0.002 money factor. Also, I was quoted $31,345 purchase price. I am in westborough, MA. Are this usual numbers? I saw 0.00175 MF with 65% residual on this thread,
I agree with the 60% and .00200 MF - we got updated information on the MF.
So I test drove the touring model. Decided to go with EXL no NAV. Can I please get residual and MF for 36 month 15000 miles /year. I was given 0.002 and 63%. Thanks
So I test drove the touring model. Decided to go with EXL no NAV. Can I please get residual and MF for 36 month 15000 miles /year. I was given 0.002 and 63%. Thanks
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.
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.
36/15 numbers - .00200 and 62% (EX-L NAV) or 60% (Touring)
Hi, Looking to get MF and Residual for 10,000/year on a Touring (FWD) and AWD. I browsed the above and didn't see a response for that combo, hope you can help! thanks!
Comments
Get the adjusted cap cost, if everything is being rolled in.
.00175 and 62% for Touring AWD 36/12
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I pointed out to them that the prices on their own website appear to based on a .0018. They couldn't understand how I reversed their website price to determine the MF...to me it seemed pretty easy algebra, but maybe I'm going about it wrong.
MSRP 31,435
Cap Cost 30,156 (doesn't include taxes or fees)
Down Payment 2000
Adj Cap Cost 28,156
Term 36/12
Residual 20,432.75 (65%)
Monthly Payment 301.99 (again, no taxes or fees)
Calculated Depreciation Payment ((Cap Cost - Residual)/Term) = 214.53
Remaining Portion of Payment for Interest/Rent = 87.46
If the way to calculate the rent payment is (Adj Cap Cost + Residual)*MF, then as long as you know the rent payment, you can do Rent/(Adj Cap Cost + Residual) = MF
So it comes out to .0018.
I feel pretty confident about my math on this but maybe I'm missing something. Can someone correct me or confirm?
Honda dealers rarely mark up the MF - perhaps they are assuming a higher MF as they haven't run your credit yet.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Without taxes and fees, their website says $2500 down would be $287.21. I asked them to explain why taxes and fees were adding almost $200 and they couldn't, which is when I pointed out that they were calculating a .0024 MF but their site is .0018. They even showed me "a document they don't usually show people" to show that the MF is .0024.
I asked them to confirm if the MF was because they hadn't run my credit (which is excellent) and they said "this is the standard MF". And I asked if the MF on the website was .0018 because it was a deal they could only offer online and they disputed that it was .0018. Ugh.
Needless to say, I walked out and I'll be working with another dealer.
2017 CRV LX
Can I see the figures for 36 months? I believe you advised they don't offer 10k miles lease, If so, please show me for 12k.
Thanks in advance for your assistance.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
They probably have one.
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Here's a link to the survey - please give us your thoughts no later than March 1, 2017.
Thanks for your help!
SURVEY LINK: https://goo.gl/forms/wN9bw9FtPqRb2j4a2
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Subaru Outback (2015-17)
2017 Honda CR-V EX AWD
- 36-month lease, 12k/year.
- MSRP: $28935
- Agreed upon value: $27835
- $3k down payment
- Money factor: .002
- Residual value: .65
- Monthly payment: $329
Is it possible to negotiate under $300/month? Thanks.Edmunds Price Checker
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2017 CRV EXL
36mo/12k miles
MSRP 30,135
Money Down (incl first month): 1,850
Agreed Upon Value: 28,292.17
Title/Reg/Doc/Acq Fees: 1,502
Gross Cap Cost (value + fees): 29,804.17
Residual value: 19,587.75 (65%)
MF: .0019 (Rent Charge: 95.91/mo)
Monthly Payment: 350/mo
Good deal?
Confirm the adjusted cap cost the dealer is using for the $350/mo quote.
And, I thought the MF was .00175 for the CR-V this month; could be .00190, but we don't have any documentation to confirm.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$595 acquisition fee
1st payment
NY tax ($800-$1000?)
$75 doc fee
DMV fees
Ask for the adjusted CAP cost, and see what's left over for CAP reduction.
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Below is the breakout the dealer gave me for this deal.
I backed into the MF from Rent Charge.
Adjusted Capitalized Cost: $28,368.22
---------
Agreed Upon Value: 28,292.17
Capitalized Fees: +1,512
Gross Cap Cost: =29,804.17
Capitalized Cost Reduction: -1,435.95
Adj. Cap Cost: = 28,368.22
Residual Value: -19,587.75
Depreciation & Amortization Amounts: =8,780.47
Rent Charge: +3,452.69
Total Base Payments: =12,233.16
/ 36 Month Lease
Monthly Base Payments: =339.81
Monthly Sales/Use Tax: +10.19
Total Monthly Payment: =350/mo
Below is the breakout the dealer gave me for this deal.
I backed into the MF from Rent Charge.
Adjusted Capitalized Cost: $28,368.22
---------
Agreed Upon Value: 28,292.17
Capitalized Fees: +1,512
Gross Cap Cost: =29,804.17
Capitalized Cost Reduction: -1,435.95
Adj. Cap Cost: = 28,368.22
Residual Value: -19,587.75
Depreciation & Amortization Amounts: =8,780.47
Rent Charge: +3,452.69
Total Base Payments: =12,233.16
/ 36 Month Lease
Monthly Base Payments: =339.81
Monthly Sales/Use Tax: +10.19
Total Monthly Payment: =350/mo
How are you calculating the rent charge? With a .00190 MF, I get $3280.32((28,368.22 + 19,587.75)*.00190)*36
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
((28,368.22 + 19,587.75)*.00190)*36
----
You are correct. So MF must be higher - around .002 on this deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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VA
2017 CRV LX AWD
36mo/12k miles
MSRP 26,285
Money Down: 2500 (not including 1st month)
Monthly Payment: 259/mo
That's all the information I have. Should I ask dealer for the CAP?
And, ask the dealer for a full breakdown of the $2500 up front cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking to negotiate a lease deal. Right now this is what they have given me for pricing...Which I know is not a good deal.
For a 3yr/36k mile lease on the 2017 CR-V EXL we can offer a sign and drive lease at $457.66/mo + $19/mo for 45k mile. With $2,000 down that number would drop to $393.77. With $3,000 down, just $362.96/mo.
A 2yr/24k mile lease would be $554.84/$460.11/$414.32 respectively with the same down payments, and again roughly $19/mo more for a 30k mile 2yr lease.
This is based on MSRP of $31,395
Purchase price of $30,600 ( this is the price they offered, I haven't responded to it yet)
I will not be putting any money down
Any and all advice is welcome!!
Using your prices, I get $385/mo plus tax for 36/12
Ask the dealer for the adjusted cap cost, and how they got to that number from the selling price.
What is the tax rate?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Still a long way away from the numbers the dealer is quoting. Getting the adjusted cap cost will help explain the difference.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Also, the dealer quoted us a sign & drive price (only 1st month's payment and DMV fees up front, all dealer fees and taxes included in the monthly figure) of $315 for an EX w/o nav for 39 months/30K miles (and 'about' $10/month more for 36K). He said they don't offer a straight 36 month lease because the banks give them better terms on 39. Should I be suspicious of anything? Is there a any down side to the longer term (other than having to stretch the mileage over 3 more months)? Is there a residual figure for 39 months? If not, how would I use the 36 month figures?
Lastly, are the Honda numbers regional or national?
Thanks so much for all the help!
Our numbers are from Honda Finance; confirm that your dealer is using them as well.
We would need to know the MSRP and selling price to figure the payment.
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Are this usual numbers? I saw 0.00175 MF with 65% residual on this thread,
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
No incentives at this time.
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige