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2013 and earlier-Honda CR-V Lease Questions

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  • I'm sorry, that should say 26,750 is the best offer I have
  • kyfdxkyfdx Posts: 66,697
    You pay the 6% use tax on any downpayment... then, the leasing bank collects 6% on each monthly payment..

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  • 2012 Honda CR-V EX-L with Navigation AWD

    Dealer 1: MSRP $30,605   SELLING PRICE $28,120.98   MFCTR .00195,  LEV%63,  LEASE END VALUE  19281.15,   PAYMENT 483.14 ,    483.14 OUT OF POCKET

    Dealer 2:MSRP $30,605
    Invoice $28,516.88
    Selling $27,996.35 (just add $161.39 doc fee, $25 ERT fee, Taxes, and license plates)
     
    Lease (12k/yr for 36mos and zero down): $497/mo @ .00195 money factor, with a residual value of $19,281.15
  • Here's my deal:

    2012 Honda CR-V EX-L with Navigation AWD
    MSRP $30,605 SELLING PRICE $28,120.98 MFCTR .00195, LEV%63, LEASE END VALUE 19281.15, PAYMENT 483.14 , 483.14 OUT OF POCKET

    Got the same numbers from four dealers but this one gave me the remote start, body side molding and all season mats included and installed.
    Pick it up next week.

    All done through email.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yes, nyrgoal99.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome tweety74.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Good question erikadeee. It just means that Honda is not providing any special lease rates on the CR-V right now. As a result, if you were to lease one through Honda Finance, you would have to use its standard lease money factor...which is currently .00195 for consumers who qualify for its top credit tier.

    That's not as attractive as the factors that are available on Honda models that have lease support, but it's not terrible either. It's equivalent to an interest rate of around 4.68%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for dmchicago1.

    Honda Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2012 CR-V EX-L 4WD with 15,000 miles per year are .00195 and 62%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • new_leasernew_leaser Posts: 4
    edited April 2012
    A local dealer is advertising a 27 mo lease on 2012 Honda CR-V LX AWD for $169/mo with $1995 down.

    I posted a similar message on another thread but saw this lease thread and had to ask.

    The low monthly payment is very attractive to me for a brand new vehicle but want to make sure I'm not missing anything here. Should I call or stay clear?

    Thanks.
  • gam5gam5 Posts: 1
    for a 36 month lease on a 2012 CR-V EX 4WD with 12000 miles per year what are the rates ... it it still .00195 and what about residual % is 62%, 63% or 64%?
    I assume the base 62% and depending on mileage it goes up?

    Thanks, Greg
  • ccnj1ccnj1 Posts: 11
    I have the Pilot right now on a 36 mo. lease. The dealer is willing to let me end my lease early without penalty. My Pilot is not in great shape after the kids destroyed the interior. It also has some small body damage and I need 4 tires. I went to the dealer yesterday, and they are willing to take the cPilot as is, but want me to put $2500 down to lease an Accord. I want the CRV (leather never again will I do cloth). I was quated $453 for CRV. If I do Accord, EXL would be $299, SE $225 and EX $259. I don't know what to do. Help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings new_leaser. That payment seems pretty low to me. If it's legit, go for it, but be careful. I'd love to know what this truck's MSRP and selling price are. Are they mentioned in the ad?

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gam5. Honda Finance's May buy rate lease money factor and residual value for a 36-month lease of a 2012 CR-V EX 4WD with 12,000 miles per year are .00195 and 65%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    You're right, residual values vary by trim level, term and mileage allowance.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ccnj1. First and foremost you have to figure out exactly what vehicle you want and how much you want to pay for it. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around for the lowest possible selling price on the new vehicle that you want. Once you arrive at a selling price that you are comfortable with, have the dealer calculate your monthly payment using its buy rate lease money factor.

    Treat your Pilot as a completely separate issue. Honda Finance automatically waives the first $1,500 in damage on returned leased vehicles. If you're truck is in worse shape than that, then you'd probably be better off paying it on your own rather than letting the dealer hold you hostage over it.

    Whatever you do, you really shouldn't make a down payment when leasing. I always advise consumers to put as little money down as possible when leasing. Lessees who make large down payments risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. It's much safer to go with a zero down lease.

    Car_man
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  • verinoxverinox Posts: 38
    Hello,

    Could you please provide the May money factor and residuals for:
    CR-V EX-L AWD at 15,000 miles and 36 months
    CR-V EX AWD at 15,000 miles and 36 months

    Thank you!

    Patrick
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Patrick. Honda Finance's May 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 61%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of an EX AWD are .00195 and 63%.

    Car_man
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  • Carman have they changed for June?

    Am looking for an EX-L AWD 15k miles 36 mos. Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey tonystarks22. Honda Finance's June 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 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • putney1putney1 Posts: 24
    What is that in dollar amount?
  • abellosoabelloso Posts: 2
    Good evening Car_man,

    Can you please provide me with the numbers for a 36-month lease on a honda cr-v exl fwd with 12,000 miles per year? Thanks. Are there any current incentives I should be aware of? Thanks.
  • burgenburgen Posts: 2
    Hi Car Man,
    can you please provide the residual and money factor for a 24/30 months lease of a 2012 CR-V LX with 12,000 miles?

    thanks for the help,

    B.
  • jen71jen71 Posts: 1
    Hi-

    Can you please share the June money factor and residual for a 2012 Honda CRV EXL w/12,000 miles/36 months?
    Thanks!
  • tjw7tjw7 Posts: 21
    hi, just leased a 2012 crv awd ex ,three years,15,000 per year $342 with just first month and dmv registration in new york
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    That depends upon the car's MSRP and selling price. If you provide me with those numbers, or at least the MSRP and invoice price...which are available right here at Edmunds.com, I'd be happy to work up a sample lease payment for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi abelloso. Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 CR-V EXL FWD with 12,000 miles per year are .00195 and 62%, respectively for consumers who qualify for its top credit tier.

    Honda really isn't providing any support on the CR-V right now, it's lease program is so-so and there's no cash.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go burgen. Honda Finance's June buy rate lease money factor and residual value for a 24-month lease of a 2012 CRV LX AWD with 12,000 miles per year are .00195 and 72%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00195 and 65%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jen71. Honda Finance's June buy rate lease money factor and residual value for a 36-month lease of a 2012 CRV EXL AWD with 12,000 miles per year are .00195 and 63%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • camokatucamokatu Posts: 19
    I am currently leasing 2011 Honda CR-V. Got a call from dealership where I leased this car and was told, "We are in need of 2010-2011 Hondas so we can increase inventory of our used vehicles and want to buy out your vehicle." I was told that they would buy the car and get me 2012 car lease on the same car for same or lower price. Is this normal practice or something is hidden is this offer? I am 1.5 years into 3 years lease on this car.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi camokatu. this is a typical line that dealers drop on their former customers from time to time. While yes the dealer might indeed want to increase its inventory of used vehicles, they aren't going to necessarily going to be able to get you as good a deal on your next car as you would get by waiting until the scheduled end of your current lease, or close to it. Of course, it doesn't hurt to listen to them, but I would be very surprised if the dealer was able to get you out of your current lease a year and a half early and into a new CR-V for less than what you are paying right now...unless your current payment is absolutely terrible.

    Car_man
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  • camokatucamokatu Posts: 19
    Thanks Car_man,

    I figured that much, but I guess I am going to see what they say, may be I can switch leases for CR-V and Pilot. CR-V is my wife's car and I have Honda Pilot, which is also 1.5 years into a lease. I wanted to switch to something less gas hungry as we don't utilize Pilot for what it's worth so I was thinking Honda Accord. I read some rumors that 2013 is on its way, but can't find any concrete information - I think if it's going to come out it's going to be August-September 2012? I don't necessarily want 2013, but what do you lease prices for Accord EX manual transmission go for, given that 2013 is about to come out?
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