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2013 and earlier-Honda CR-V Lease Questions

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  • ceejkceejk Posts: 1
    Car_man,
    I would very much appreciate if you could provide the March Money Factor and Residual for a 36 Month Lease on a Honda CR-V EX-L AWD non-Nav for 15,000 miles per year. If the numbers are different for with Nav, I'd appreciate those as well. Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tweety74. The dealer invoice price of the CR-V that you are interested in is $27,126, so you're at only $475 over dealer invoice...which is a good deal.

    According to my calculations, if you were to lease a 2012 CR-V EX-L AWD that has an MSRP of $29,105 and a selling price of $27,601 through Honda Finance right now for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $340, assuming that you qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out jazzmews24. Honda Finance's March buy rate lease money factor and residual value for 36-month lease of a 2012 CR-V EX-L AWD with 12,000 miles per year are .00195 and 64%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for ceejk. Honda Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2012 CR-V EX-L AWD with 15,000 miles per year are .00195 and 62%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
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  • tweety74tweety74 Posts: 5
    Hi Carman,

    I ended up getting a 48 month lease for the 2012 crv EXL for $376 with NYC taxes included. Given the $27,601 selling price I was given, would you be able to work up a payment for me. I put down $163.

    Just wondering because the 48 month option came up at the very end of my transaction and there was no change in my payment.

    Thanks!
    Tweety74
  • supersundsupersund Posts: 12
    Hi CarMan,

    The dealer quoted me .00185 MF and 62% residual ($18,200.10) on a 36-month, 12k mile a year lease. Is this correct?

    Also, for the residual, is it the percentage or the amount that is locked in? For example, if I negotiate the price of the car down close to invoice, will they go with 62% of that new amount? Or will the residual stay $18,200.10, no matter the actual purchase price of the car?

    Lastly, .00185 seems high to me. When I bought my Acura TSX a few years ago, I recall paying far less interest. Do you think Honda ever offer leases with lower MF?
  • supersundsupersund Posts: 12
    Actually, i think they quoted me .00195 MF.
  • ersoerso Posts: 2
    I am leasing a 2012 CRV EX, 36 month lease, 15k miles per year.
    Is it worth it to purchase prepaid maintenance at $20 per month? Thanks in advanced for feedback and suggestions
  • packer3packer3 Posts: 277
    Bad, 48 month lease it's not good, do the math you could have bought and gained more equtity at the end. I dont what any body says when you go past the 3/36 warranty your going to pay big time if something goes wrong. One gurantee you will have is your going to be replacing the tires and brakes.
  • The money factor quoted should have been .00195. It is quit possible that Acura Financial Services had a lower money factor a few years ago. The CR-V is selling very well without sub-vented rate incentives on it. That's why Honda has little incentive to put huge incentives on it so soon after it's release. As for the residual of $18,200.10. That will not change. The 62% is based off of MSRP. By negotiating, all you are doing is reducing the price the lease is based off of, which in turn decreases the depreciation(spread between price and residual) over the term of the lease.
  • Thank you, Car man, for the info.
  • neil22neil22 Posts: 27
    Is Honda offering any lease incentives on the CRV for March/April
  • I dont think this is a good deal but I want some advice

    MSRP:$26,455
    Discounted to:$25,081
    Tax Included: $1,223

    Payment options

    371 x 36 months, 0 Down
    171.31 x 36 months, $6446.17 down

    12K miles
    Residual $17460
    4.8% financing on lease

    My feeling is that the 4.8% is high, and I dont understand the tax. 1,200 seems really high, plus I have a vehicle worth 9-10K to trade in that I do not think they factored in.

    Thoughts? What should I be getting this car for?

    Also, anyone have experience with Honda One-Pay on leases
  • Anyone use the Honda One-Pay Lease? I have a car worth 9-10K so I am thinking about One-Paying the entire lease as it will only be another 2K-2.5K

    Thoughts?

    I am thinking of saving the $1,500 in financing they will charge with 4.8%
  • What is the dealer invoice on the CRV EX MSRP $26,455?

    Anyone?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey tweety74.

    According to my calculations, if you were to lease a 2012 CR-V EX-L AWD that has an MSRP of $29,105 and a selling price of $27,601 through Honda Finance right now for 48-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $341, assuming that you qualify for its top credit tier.

    Very interesting, the payment is basically the same as it would be for a 36-month lease.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi supersund. the money factor that you were quoted is correct. Vehicles' residual values are based upon a percentage of their full MSRPs, including the destination charge...not their selling prices.

    Honda definitely offers leases with lower money factors, but the CR-V was recently redesigned and Honda has not needed to provide much support on it yet.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome jazzmews24.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi neil22. Unfortunately, Honda's MArch lease program is not very attractive. Its current money factor is .00195 for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi nyrgoal99. This vehicle's dealer invoice price for a 2012 CR-V EX AWD is $24,668.

    http://www.edmunds.com/honda/cr-v/2012/options.html?trim=ex&sub=suv&style=101418- 828

    Car_man
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  • Car Man,

    Does that include destination charges?
  • tweety74tweety74 Posts: 5
    Thanks for the info carman.
  • Hi Car Man (or any others that can answer this question)...What do you mean when you say since the CRV is new, there is no lease support? I saw this mentioned in a previous post. Thanks.
  • kyfdxkyfdx Posts: 66,697
    It means that there are no incentives provided within the lease structure... the money factor reflects prevailing interest rates and the residuals are realistic..

    Which usually means that the monthly lease cost will be nothing to write home about and maybe even extra expensive...

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • tjw7tjw7 Posts: 21
    edited March 2012
    hi c.m.have been negotiating for a crv awd ex 2012 and this is what i got as of today what are your thoughts,please..2012 Honda CRV EX. my main goal is to lease for 36 months at 15000miles per year. what should be the monthly lease if this price seems ok. thanks tj

    PRICE: $24,299
    NYS Tax 8%: (zip: 12792) $1,943.92
    NYS WASTE TIRE FEE: $12.50
    NYS INSPECTION: $37.00
    DMV PLATES: $140.00
    DOC FEE: $75.00

    TOTAL: $26,507.42
    thanks tj
  • Anyone know the April MF and residual for the 2012 CR-V EX-L?
  • I emailed a couple of dealerships a few days ago for a quote for this vehicle and was quoted the same MF and residual that was used in March (0.00195 and 64%) for 12K 36 month lease
  • Does anyone know where I can find whether I pay taxes on the entire sales price of the car or tax on the lease payment when leasing a car in Michigan? I have searched all over google and can't seem to find a straight forward answer. I'm going to lease my 3rd vehicle and thought with my previous 2 leases that I just paid taxes on the lease payment (use portion). However, when I put the sales price I was quoted into a lease calculator and just have it apply taxes to the use portion, i'm getting a lower payment than the dealer quoted me; however, when I calculate the payments based on paying taxes on the sales price of the car the montly payment seems to be closer to what the dealer quoted me. I'm wondering if the state law changed since my last lease??? I found some official document from the dmv but I didn't understand the document. Hoping someone out there knows (or knows of a resource that is clear and has state by state what the taxes are). Thanks in advance!
  • That's about what I've been quoted.

    I'm having a hard time understanding that the best I seem to be able to get on a 36 month lease with 12000 miles is $485/month.

    That's zero down and Chicago taxes.

    Anyone do better in my area?
  • for what model? That seems really high, but I know Illinois has higher taxes.

    What is your sale price before taxes? The best quote I got (albeit michigan) is 27,650 (which includes destination fee) for EX-L AWD (no nav or RES).
This discussion has been closed.