2018 Honda CR-V Lease Deals and Prices

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Comments

  • MichaellMichaell Moderator Posts: 264,417
    akito said:

    Thank you so much for the info you guys provide.
    Here is the break down I got for 2018 Honda CR-V EX.
    36 mos. / 12K miles
    MSRP: $28,045 + dealer addons
    Sale price: $25,023
    First Mo. Down: $294
    Mon. Pmt: $294
    Total payment over 36 mos.: $10,585

    Congrats! Thanks for sharing your deal details with us.

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  • kpow55kpow55 Member Posts: 3
    Hi Michaell - Can you tell me the MF, residual, and incentives for 2018 CRV EX-L 36/12 lease for zip code 35043? Thank you!
  • kyfdxkyfdx Moderator Posts: 267,637
    kpow55 said:

    Hi Michaell - Can you tell me the MF, residual, and incentives for 2018 CRV EX-L 36/12 lease for zip code 35043? Thank you!

    .00016 MF and 59% residual
    $1200 incentive

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  • kpow55kpow55 Member Posts: 3
    kyfdx said:

    kpow55 said:

    Hi Michaell - Can you tell me the MF, residual, and incentives for 2018 CRV EX-L 36/12 lease for zip code 35043? Thank you!

    .00016 MF and 59% residual
    $1200 incentive
    Thank you. Can you clarify how the $1200 incentive works exactly? Will they automatically include that discounted amount into our negotiated sales price or does it get subtracted after we've agreed on the sales price? Thanks again!
  • kyfdxkyfdx Moderator Posts: 267,637
    kpow55 said:

    kyfdx said:

    kpow55 said:

    Hi Michaell - Can you tell me the MF, residual, and incentives for 2018 CRV EX-L 36/12 lease for zip code 35043? Thank you!

    .00016 MF and 59% residual
    $1200 incentive
    Thank you. Can you clarify how the $1200 incentive works exactly? Will they automatically include that discounted amount into our negotiated sales price or does it get subtracted after we've agreed on the sales price? Thanks again!
    It's a Honda-to-dealer incentive. It will already be included in any offer they make you. Don't expect a further reduction, once you've agreed on a price.

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  • theman1971theman1971 Member Posts: 4
    Hi, I'm looking at a 2018 Touring AWD. Could I please get the MF, residual, and incentives zip code 60565 for a 36/12 lease? Thank you!
  • kyfdxkyfdx Moderator Posts: 267,637

    Hi, I'm looking at a 2018 Touring AWD. Could I please get the MF, residual, and incentives zip code 60565 for a 36/12 lease? Thank you!

    .00016 MF and 56% residual
    $1200 incentive

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  • jesuisfou7jesuisfou7 Member Posts: 8
    Hi, Can I get the MF, Incentives, and RV for the following trims in 20850 (36/12k):

    LX FWD/AWD
    EX FWD/AWD
    EX-L FWD/AWD

    Many thanks!
  • kyfdxkyfdx Moderator Posts: 267,637

    Hi, Can I get the MF, Incentives, and RV for the following trims in 20850 (36/12k):

    LX FWD/AWD
    EX FWD/AWD
    EX-L FWD/AWD

    Many thanks!

    .00016 MF
    56%
    59%
    59% residual

    $1200 incentive

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  • jesuisfou7jesuisfou7 Member Posts: 8
    Thanks for providing the info, below is a quote I just received for 2018 Honda CR-V EX-L AWD registered in Maryland:

    MSRP $31,945.00
    Sale $29,645.00
    Incentive $1,200.00 (lease cash)
    MF 0.00016
    RV 59% $18,847.55
    Gross Cap Cost $29,555.66
    Dealer Doc Fee $188.66
    MD Tags $327.00
    MD Taxes $1,718.02
    36 Month/12,000 Miles Per Year MD Lease
    DAS $353.15 (1st month payment)
    Monthly $353.15

    The other dealer say they can go slightly under $350. Please let me know what do you think.
  • Johann360Johann360 Member Posts: 4
    edited February 2019
    Hi guys!

    Brand new to this forum so I apologize if I’m doing this wrong.

    This is going to be kind of long, but here goes nothing!

    My fiancé walked into a dealership and with her being financially illiterate combined with questionable sales tactics that I won’t get into led to her thinking she was getting the best deal ever. 

    This is the info on the lease she signed - 
    Car - 2018 Honda CR-V LX
    Location - Washington (98225)
    36 months / 12k mile lease
    Value of car - $23,000
    Gross Cap Cost - $24,000
    Residual cost - $14,500
    Depreciation - $9,500
    Total Rent charge - $10,025
    Money Factor - .0073
    Amount towards principle - $260/month
    Rent charge/interest - $280/month
    tax - $50/month



    My question is, why is her money factor so high to the point where she is paying more in rent fees then towards the actual depreciation of the vehicle? 

    I went into the dealership after the fact and they said that although her credit score is in the 700’s, her auto fico score is non-existent, and there is nothing they can do about her money factor rate.
    ”The dealer sets the rate” is what they said.

    If this is true, then why is that when I called/emailed every single Honda dealership within 100 miles they all said they they have never even heard of a money factor rate of .0073? I understand my fiancé not getting the best rate, but it’s not like she is the only first time car buyer ever.

    Why do I keep seeing MF rates on this thread that span from .00016 all the way to .002?

    How are you guys quoting MF’s for other people on this thread if it’s all dependent on their credit score? (Just curious)

    If Honda sets the rates (her lease is through Honda Financial), then what rate do they set it at for someone with a non-existent auto fico score?


    Thank you guys so much! Let me know if you have any questions you need from me in order to answer these more accurately!

  • kyfdxkyfdx Moderator Posts: 267,637

    Thanks for providing the info, below is a quote I just received for 2018 Honda CR-V EX-L AWD registered in Maryland:

    MSRP $31,945.00
    Sale $29,645.00
    Incentive $1,200.00 (lease cash)
    MF 0.00016
    RV 59% $18,847.55
    Gross Cap Cost $29,555.66
    Dealer Doc Fee $188.66
    MD Tags $327.00
    MD Taxes $1,718.02
    36 Month/12,000 Miles Per Year MD Lease
    DAS $353.15 (1st month payment)
    Monthly $353.15

    The other dealer say they can go slightly under $350. Please let me know what do you think.

    Your NET CAP has to be about $31,275 to get that payment.

    $29645
    +188
    +327
    +1718
    +595 (acq.fee)
    = $32473
    -$1200 incentive
    = 31273 (ta da!)

    That looks like a good deal, considering the high lease sales tax in MD, and only first payment DAS.

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  • kyfdxkyfdx Moderator Posts: 267,637
    Johann360 said:

    Hi guys!

    Brand new to this forum so I apologize if I’m doing this wrong.

    This is going to be kind of long, but here goes nothing!

    My fiancé walked into a dealership and with her being financially illiterate combined with questionable sales tactics that I won’t get into led to her thinking she was getting the best deal ever. 

    This is the info on the lease she signed - 
    Car - 2018 Honda CR-V LX
    Location - Washington (98225)
    36 months / 12k mile lease
    Value of car - $23,000
    Gross Cap Cost - $24,000
    Residual cost - $14,500
    Depreciation - $9,500
    Total Rent charge - $10,025
    Money Factor - .0073
    Amount towards principle - $260/month
    Rent charge/interest - $280/month
    tax - $50/month



    My question is, why is her money factor so high to the point where she is paying more in rent fees then towards the actual depreciation of the vehicle? 

    I went into the dealership after the fact and they said that although her credit score is in the 700’s, her auto fico score is non-existent, and there is nothing they can do about her money factor rate.
    ”The dealer sets the rate” is what they said.

    If this is true, then why is that when I called/emailed every single Honda dealership within 100 miles they all said they they have never even heard of a money factor rate of .0073? I understand my fiancé not getting the best rate, but it’s not like she is the only first time car buyer ever.

    Why do I keep seeing MF rates on this thread that span from .00016 all the way to .002?

    How are you guys quoting MF’s for other people on this thread if it’s all dependent on their credit score? (Just curious)

    If Honda sets the rates (her lease is through Honda Financial), then what rate do they set it at for someone with a non-existent auto fico score?


    Thank you guys so much! Let me know if you have any questions you need from me in order to answer these more accurately!

    The base MF for Tiers 1-8 is .00016
    The next rate down is .00067

    Did she take delivery?
    That is equivalent to a 17% interest rate, and I doubt Honda Finance would even write a lease like that.

    If this is accurate, she has seriously been taken advantage of.

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  • Johann360Johann360 Member Posts: 4
    kyfdx said:

    Johann360 said:

    Hi guys!

    Brand new to this forum so I apologize if I’m doing this wrong.

    This is going to be kind of long, but here goes nothing!

    My fiancé walked into a dealership and with her being financially illiterate combined with questionable sales tactics that I won’t get into led to her thinking she was getting the best deal ever. 

    This is the info on the lease she signed - 
    Car - 2018 Honda CR-V LX
    Location - Washington (98225)
    36 months / 12k mile lease
    Value of car - $23,000
    Gross Cap Cost - $24,000
    Residual cost - $14,500
    Depreciation - $9,500
    Total Rent charge - $10,025
    Money Factor - .0073
    Amount towards principle - $260/month
    Rent charge/interest - $280/month
    tax - $50/month



    My question is, why is her money factor so high to the point where she is paying more in rent fees then towards the actual depreciation of the vehicle? 

    I went into the dealership after the fact and they said that although her credit score is in the 700’s, her auto fico score is non-existent, and there is nothing they can do about her money factor rate.
    ”The dealer sets the rate” is what they said.

    If this is true, then why is that when I called/emailed every single Honda dealership within 100 miles they all said they they have never even heard of a money factor rate of .0073? I understand my fiancé not getting the best rate, but it’s not like she is the only first time car buyer ever.

    Why do I keep seeing MF rates on this thread that span from .00016 all the way to .002?

    How are you guys quoting MF’s for other people on this thread if it’s all dependent on their credit score? (Just curious)

    If Honda sets the rates (her lease is through Honda Financial), then what rate do they set it at for someone with a non-existent auto fico score?


    Thank you guys so much! Let me know if you have any questions you need from me in order to answer these more accurately!

    The base MF for Tiers 1-8 is .00016
    The next rate down is .00067

    Did she take delivery?
    That is equivalent to a 17% interest rate, and I doubt Honda Finance would even write a lease like that.

    If this is accurate, she has seriously been taken advantage of.

    Hi !

    Thank you so much for responding to my post and especially in such a Timely manner.

    To answer your question, no, she did not take a delivery.

    If you would like to see the lease agreement, I can post pictures of it.


    I am trying to understand the base MF numbers you posted and I apologize if my questions may be all over the place, as I am still trying to getting an understanding of these things.


    So the base MF tiers 1-8 is .00016, what determines whether you get tier 1 or tier 8? Is that just dependent on your credit? So depending on your tier, the finance team can increase your rate to a certain extent?

    When you say the next rate down is .00067, is that the absolute worst rate you can qualify for? For instance, if you have absolutely no Auto Fico score, Honda will set your rate at .00067 and then the finance team will mark it up from here?

    Thank you so much for you help!
    In case you are curious, I have already secured a loan from my credit union and am about to buy this car outright, I am just trying to better understand what kind of interest hike the finance team put on my fiancé. I understand they have a job to do and a family to feed,but it seems that if that MF was a little bit lower I likely never would have noticed it as being odd.
  • MichaellMichaell Moderator Posts: 264,417
    Johann360 said:

    kyfdx said:

    Johann360 said:

    Hi guys!

    Brand new to this forum so I apologize if I’m doing this wrong.

    This is going to be kind of long, but here goes nothing!

    My fiancé walked into a dealership and with her being financially illiterate combined with questionable sales tactics that I won’t get into led to her thinking she was getting the best deal ever. 

    This is the info on the lease she signed - 
    Car - 2018 Honda CR-V LX
    Location - Washington (98225)
    36 months / 12k mile lease
    Value of car - $23,000
    Gross Cap Cost - $24,000
    Residual cost - $14,500
    Depreciation - $9,500
    Total Rent charge - $10,025
    Money Factor - .0073
    Amount towards principle - $260/month
    Rent charge/interest - $280/month
    tax - $50/month



    My question is, why is her money factor so high to the point where she is paying more in rent fees then towards the actual depreciation of the vehicle? 

    I went into the dealership after the fact and they said that although her credit score is in the 700’s, her auto fico score is non-existent, and there is nothing they can do about her money factor rate.
    ”The dealer sets the rate” is what they said.

    If this is true, then why is that when I called/emailed every single Honda dealership within 100 miles they all said they they have never even heard of a money factor rate of .0073? I understand my fiancé not getting the best rate, but it’s not like she is the only first time car buyer ever.

    Why do I keep seeing MF rates on this thread that span from .00016 all the way to .002?

    How are you guys quoting MF’s for other people on this thread if it’s all dependent on their credit score? (Just curious)

    If Honda sets the rates (her lease is through Honda Financial), then what rate do they set it at for someone with a non-existent auto fico score?


    Thank you guys so much! Let me know if you have any questions you need from me in order to answer these more accurately!

    The base MF for Tiers 1-8 is .00016
    The next rate down is .00067

    Did she take delivery?
    That is equivalent to a 17% interest rate, and I doubt Honda Finance would even write a lease like that.

    If this is accurate, she has seriously been taken advantage of.

    Hi !

    Thank you so much for responding to my post and especially in such a Timely manner.

    To answer your question, no, she did not take a delivery.

    If you would like to see the lease agreement, I can post pictures of it.


    I am trying to understand the base MF numbers you posted and I apologize if my questions may be all over the place, as I am still trying to getting an understanding of these things.


    So the base MF tiers 1-8 is .00016, what determines whether you get tier 1 or tier 8? Is that just dependent on your credit? So depending on your tier, the finance team can increase your rate to a certain extent?

    When you say the next rate down is .00067, is that the absolute worst rate you can qualify for? For instance, if you have absolutely no Auto Fico score, Honda will set your rate at .00067 and then the finance team will mark it up from here?

    Thank you so much for you help!
    In case you are curious, I have already secured a loan from my credit union and am about to buy this car outright, I am just trying to better understand what kind of interest hike the finance team put on my fiancé. I understand they have a job to do and a family to feed,but it seems that if that MF was a little bit lower I likely never would have noticed it as being odd.
    Honda has two credit tiers

    1-8 (score of 660 or higher), MF is .00016
    Tier 9 and lower (score of 659 or lower), MF is .00067

    So far as we know, Honda dealers either can't, or rarely, mark up the MF.

    They might have been using a 3rd party lender or credit union for their leases.

    Redact any personal information, and post the deal quote here.

    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

  • kyfdxkyfdx Moderator Posts: 267,637
    @Johann360 In any case, run away from that dealer. Call them up and tell them you aren't taking the car. Any dealer that would saddle someone with a $570/mo. lease on a sub- $30K MSRP vehicle is not acting in good faith.

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

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  • Johann360Johann360 Member Posts: 4
    Michaell said:

    Johann360 said:

    kyfdx said:

    Johann360 said:

    Hi guys!

    Brand new to this forum so I apologize if I’m doing this wrong.

    This is going to be kind of long, but here goes nothing!

    My fiancé walked into a dealership and with her being financially illiterate combined with questionable sales tactics that I won’t get into led to her thinking she was getting the best deal ever. 

    This is the info on the lease she signed - 
    Car - 2018 Honda CR-V LX
    Location - Washington (98225)
    36 months / 12k mile lease
    Value of car - $23,000
    Gross Cap Cost - $24,000
    Residual cost - $14,500
    Depreciation - $9,500
    Total Rent charge - $10,025
    Money Factor - .0073
    Amount towards principle - $260/month
    Rent charge/interest - $280/month
    tax - $50/month



    My question is, why is her money factor so high to the point where she is paying more in rent fees then towards the actual depreciation of the vehicle? 

    I went into the dealership after the fact and they said that although her credit score is in the 700’s, her auto fico score is non-existent, and there is nothing they can do about her money factor rate.
    ”The dealer sets the rate” is what they said.

    If this is true, then why is that when I called/emailed every single Honda dealership within 100 miles they all said they they have never even heard of a money factor rate of .0073? I understand my fiancé not getting the best rate, but it’s not like she is the only first time car buyer ever.

    Why do I keep seeing MF rates on this thread that span from .00016 all the way to .002?

    How are you guys quoting MF’s for other people on this thread if it’s all dependent on their credit score? (Just curious)

    If Honda sets the rates (her lease is through Honda Financial), then what rate do they set it at for someone with a non-existent auto fico score?


    Thank you guys so much! Let me know if you have any questions you need from me in order to answer these more accurately!

    The base MF for Tiers 1-8 is .00016
    The next rate down is .00067

    Did she take delivery?
    That is equivalent to a 17% interest rate, and I doubt Honda Finance would even write a lease like that.

    If this is accurate, she has seriously been taken advantage of.

    Hi !

    Thank you so much for responding to my post and especially in such a Timely manner.

    To answer your question, no, she did not take a delivery.

    If you would like to see the lease agreement, I can post pictures of it.


    I am trying to understand the base MF numbers you posted and I apologize if my questions may be all over the place, as I am still trying to getting an understanding of these things.


    So the base MF tiers 1-8 is .00016, what determines whether you get tier 1 or tier 8? Is that just dependent on your credit? So depending on your tier, the finance team can increase your rate to a certain extent?

    When you say the next rate down is .00067, is that the absolute worst rate you can qualify for? For instance, if you have absolutely no Auto Fico score, Honda will set your rate at .00067 and then the finance team will mark it up from here?

    Thank you so much for you help!
    In case you are curious, I have already secured a loan from my credit union and am about to buy this car outright, I am just trying to better understand what kind of interest hike the finance team put on my fiancé. I understand they have a job to do and a family to feed,but it seems that if that MF was a little bit lower I likely never would have noticed it as being odd.
    Honda has two credit tiers

    1-8 (score of 660 or higher), MF is .00016
    Tier 9 and lower (score of 659 or lower), MF is .00067

    So far as we know, Honda dealers either can't, or rarely, mark up the MF.

    They might have been using a 3rd party lender or credit union for their leases.

    Redact any personal information, and post the deal quote here.
    Hi !

    Thank you very much for the reply.

    Unfortunately, the lease has already been signed.
    I am just trying to make sense of all this.

    The only good news is that I am in the process of buying the lease out myself in cash.
    Honda financial told me it at this time it will cost me $25,639.30 to buy the lease outright. So including the 2 payments my fiancé already made, that full price we are paying for the car (after sales tax) is about $26,819.

    Here is a copy of the meat and potatoes of the lease agreement-

    https://imgur.com/a/nHNGS76

    I apologize for the image being upside down, not sure how to fix it.

    Anyways, my next question is, assuming I purchase this car for an all in fee of $26,819, how much would it have been if I I just purchased this car in cash outright from the beginning without going through all this leasing stuff?
    The car is valued at $23,000 (according to the lease), would I be hypothetically pay that plus the sales tax (6.5%)? Or would I be paying the gross capitalized cost of $23,942 plus tax?


    Thank you guys so much for helping me get a better sense of all this!
  • Johann360Johann360 Member Posts: 4
    edited February 2019
    kyfdx said:

    @Johann360 In any case, run away from that dealer. Call them up and tell them you aren't taking the car. Any dealer that would saddle someone with a $570/mo. lease on a sub- $30K MSRP vehicle is not acting in good faith.


    Unfortunately, the lease has already been signed.
    It not too big of a deal because I'm just gonna pay for this car outright, but now my question is how much money we overpaid by signing up for this lease in the first place. Any chance you would be able to help me out by looking at the lease we already signed to figure out much this car would have been to just buy in cash outright?

    You can look at my response to Michaell for a more detailed description. I also have posted a picture of the lease agreement.


    Thank you so much for taking the time to help me answer some questions I have to makes sense of all this. It is much appreciated!
  • kyfdxkyfdx Moderator Posts: 267,637
    Johann360 said:

    kyfdx said:

    @Johann360 In any case, run away from that dealer. Call them up and tell them you aren't taking the car. Any dealer that would saddle someone with a $570/mo. lease on a sub- $30K MSRP vehicle is not acting in good faith.


    Unfortunately, the lease has already been signed.
    It not too big of a deal because I'm just gonna pay for this car outright, but now my question is how much money we overpaid by signing up for this lease in the first place. Any chance you would be able to help me out by looking at the lease we already signed to figure out much this car would have been to just buy in cash outright?

    You can look at my response to Michaell for a more detailed description. I also have posted a picture of the lease agreement.


    Thank you so much for taking the time to help me answer some questions I have to makes sense of all this. It is much appreciated!
    You are out about $560 in finance charges for the two months, plus the $595 for the lease acquisition fee.
    Plus any extra DMV charges to transfer the vehicle over to your name.

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  • SmarmySmarmy Member Posts: 6
    Johann360 said:
    @Johann360 In any case, run away from that dealer. Call them up and tell them you aren't taking the car. Any dealer that would saddle someone with a $570/mo. lease on a sub- $30K MSRP vehicle is not acting in good faith.
    Unfortunately, the lease has already been signed. It not too big of a deal because I'm just gonna pay for this car outright, but now my question is how much money we overpaid by signing up for this lease in the first place. Any chance you would be able to help me out by looking at the lease we already signed to figure out much this car would have been to just buy in cash outright? You can look at my response to Michaell for a more detailed description. I also have posted a picture of the lease agreement. Thank you so much for taking the time to help me answer some questions I have to makes sense of all this. It is much appreciated!
    I seriously hope you did not take delivery of the car!!  Call your state’s consumer affair board or the dealer licensing board and ask if you can back out if delivery was not taken.  You can also check with an attorney that is well-versed in the auto/dealer industry.

    In most states signing a contract without exchanging the item in the contract means nothing!!  Because nothing has been exchanged, the dealership has not fulfilled their part of the contract.  DO NOT TAKE DELIVERY UNTIL YOU HAVE CHECKED WITH THE PEOPLE I MENTIONED ABOVE.
  • kyfdxkyfdx Moderator Posts: 267,637
    Smarmy said:


    Johann360 said:

    kyfdx said:

    @Johann360 In any case, run away from that dealer. Call them up and tell them you aren't taking the car. Any dealer that would saddle someone with a $570/mo. lease on a sub- $30K MSRP vehicle is not acting in good faith.


    Unfortunately, the lease has already been signed.
    It not too big of a deal because I'm just gonna pay for this car outright, but now my question is how much money we overpaid by signing up for this lease in the first place. Any chance you would be able to help me out by looking at the lease we already signed to figure out much this car would have been to just buy in cash outright?

    You can look at my response to Michaell for a more detailed description. I also have posted a picture of the lease agreement.


    Thank you so much for taking the time to help me answer some questions I have to makes sense of all this. It is much appreciated!

    I seriously hope you did not take delivery of the car!!  Call your state’s consumer affair board or the dealer licensing board and ask if you can back out if delivery was not taken.  You can also check with an attorney that is well-versed in the auto/dealer industry.

    In most states signing a contract without exchanging the item in the contract means nothing!!  Because nothing has been exchanged, the dealership has not fulfilled their part of the contract.  DO NOT TAKE DELIVERY UNTIL YOU HAVE CHECKED WITH THE PEOPLE I MENTIONED ABOVE.

    Too late... already made two payments

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  • Mfairley01Mfairley01 Member Posts: 3
    Hi, 
       Could I get the MF, RV, and incentives for the below trims in 32820? Also, any specials for Presidents’ Day or just the February ones?

    LX FWD. 36/15
    EX FWD. 36/15
    EX-L FWD. 36/15
  • kyfdxkyfdx Moderator Posts: 267,637

    Hi, 
       Could I get the MF, RV, and incentives for the below trims in 32820? Also, any specials for Presidents’ Day or just the February ones?

    LX FWD. 36/15
    EX FWD. 36/15
    EX-L FWD. 36/15

    .00016 MF
    54%/57%/57% residual
    $1200 incentive

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  • ConsiglieriConsiglieri Member Posts: 59
    Thanks for providing the info, below is a quote I just received for 2018 Honda CR-V EX-L AWD registered in Maryland: MSRP $31,945.00 Sale $29,645.00 Incentive $1,200.00 (lease cash) MF 0.00016 RV 59% $18,847.55 Gross Cap Cost $29,555.66 Dealer Doc Fee $188.66 MD Tags $327.00 MD Taxes $1,718.02 36 Month/12,000 Miles Per Year MD Lease DAS $353.15 (1st month payment) Monthly $353.15 The other dealer say they can go slightly under $350. Please let me know what do you think.
    I spoke with several MD dealers who will do that deal for about $325 per month, possibly better. 
  • shrey_mehtashrey_mehta Member Posts: 32
    Can you tell me the MF, residual, and lease incentives for a 2018 CRV EX 36/12 lease for zip code 95129? Thanks!
  • MichaellMichaell Moderator Posts: 264,417

    Can you tell me the MF, residual, and lease incentives for a 2018 CRV EX 36/12 lease for zip code 95129? Thanks!

    .00016 and 59%
    $1200 incentive

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  • kpow55kpow55 Member Posts: 3
    Hi Michaell - Hoping to finalize '18 CR-V deal soon but have a few questions ...
    1. Do you know if a Honda financed lease includes Gap Insurance?
    2. Can a dealer inflate the MF & refuse to give Honda's special advertised rate?
    3. Do Honda leases have a disposition fee?
    As always, thank you for the help.
  • kyfdxkyfdx Moderator Posts: 267,637
    kpow55 said:

    Hi Michaell - Hoping to finalize '18 CR-V deal soon but have a few questions ...
    1. Do you know if a Honda financed lease includes Gap Insurance?
    2. Can a dealer inflate the MF & refuse to give Honda's special advertised rate?
    3. Do Honda leases have a disposition fee?
    As always, thank you for the help.

    1) Yes
    2) On subvented rates (like this one), we don't think a Honda dealer is allowed to mark up the rate.
    3) Yes.. I don't know the amount, but it's likely $350. (paid at the end of the lease)

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  • casey17648casey17648 Member Posts: 13
    Wondering if you could tell me the MF and RV and incentives for a 36/10 lease on a 2018 CRV EX? Thanks!
  • MichaellMichaell Moderator Posts: 264,417

    Wondering if you could tell me the MF and RV and incentives for a 36/10 lease on a 2018 CRV EX? Thanks!

    36/12 (10K not available from Honda)
    .00016 and 59%
    $1200 incentive

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  • casey17648casey17648 Member Posts: 13
    Thanks Michaell! I wasn't aware incentives could vary depending on location - does that $1200 change at all for ZIP 59102? Thanks for all your help.
  • kyfdxkyfdx Moderator Posts: 267,637

    Thanks Michaell! I wasn't aware incentives could vary depending on location - does that $1200 change at all for ZIP 59102? Thanks for all your help.

    No.. Honda programs are national.

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  • alexa1234alexa1234 Member Posts: 3
    edited February 2019
    Hello, could you please give me the money factor and residual value for a 2019 Honda CR-V LX at 12,000 miles for 36 months? And also at 15,000 miles for 36 months? In the Dallas-Fort Worth area in Texas.
  • MichaellMichaell Moderator Posts: 264,417
    alexa1234 said:

    Hello, could you please give me the money factor and residual value for a 2019 Honda CR-V LX at 12,000 miles for 36 months? And also at 15,000 miles for 36 months? In the Dallas-Fort Worth area in Texas.

    36/15
    .00016 and 54%
    $1200 lease cash

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  • alexa1234alexa1234 Member Posts: 3
    Michaell said:

    alexa1234 said:

    Hello, could you please give me the money factor and residual value for a 2019 Honda CR-V LX at 12,000 miles for 36 months? And also at 15,000 miles for 36 months? In the Dallas-Fort Worth area in Texas.

    36/15
    .00016 and 54%
    $1200 lease cash
    What does $1200 lease cash mean? Also, would there be any difference for a 36/12?
  • MichaellMichaell Moderator Posts: 264,417
    alexa1234 said:

    Michaell said:

    alexa1234 said:

    Hello, could you please give me the money factor and residual value for a 2019 Honda CR-V LX at 12,000 miles for 36 months? And also at 15,000 miles for 36 months? In the Dallas-Fort Worth area in Texas.

    36/15
    .00016 and 54%
    $1200 lease cash
    What does $1200 lease cash mean? Also, would there be any difference for a 36/12?
    Add 2% for 12K

    Lease cash is a factory to dealer incentive; use the knowledge of it to negotiate your best price.

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  • alexa1234alexa1234 Member Posts: 3
    Michaell said:

    alexa1234 said:

    Michaell said:

    alexa1234 said:

    Hello, could you please give me the money factor and residual value for a 2019 Honda CR-V LX at 12,000 miles for 36 months? And also at 15,000 miles for 36 months? In the Dallas-Fort Worth area in Texas.

    36/15
    .00016 and 54%
    $1200 lease cash
    What does $1200 lease cash mean? Also, would there be any difference for a 36/12?
    Add 2% for 12K

    Lease cash is a factory to dealer incentive; use the knowledge of it to negotiate your best price.
    Sorry to bombard you with questions, but if the base LX has an MSRP of $25, 245 could you tell me what a good agreed upon price could be?
  • MichaellMichaell Moderator Posts: 264,417
    alexa1234 said:

    Michaell said:

    alexa1234 said:

    Michaell said:

    alexa1234 said:

    Hello, could you please give me the money factor and residual value for a 2019 Honda CR-V LX at 12,000 miles for 36 months? And also at 15,000 miles for 36 months? In the Dallas-Fort Worth area in Texas.

    36/15
    .00016 and 54%
    $1200 lease cash
    What does $1200 lease cash mean? Also, would there be any difference for a 36/12?
    Add 2% for 12K

    Lease cash is a factory to dealer incentive; use the knowledge of it to negotiate your best price.
    Sorry to bombard you with questions, but if the base LX has an MSRP of $25, 245 could you tell me what a good agreed upon price could be?
    Nope.

    But, Edmunds can help you with that:
    https://www.edmunds.com/tmv.html

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  • JDimoJDimo Member Posts: 16
    Hello -

    Could I please have the incentives and MF/Residual for the following 2018 CR-V models? My zip code is 60601 (Chicago).

    36 mos./10k miles

    EX-L AWD

    Touring AWD

    Thanks!
  • kyfdxkyfdx Moderator Posts: 267,637
    JDimo said:

    Hello -

    Could I please have the incentives and MF/Residual for the following 2018 CR-V models? My zip code is 60601 (Chicago).

    36 mos./10k miles

    EX-L AWD

    Touring AWD

    Thanks!

    36/12
    .00016 MF
    59%/56% residual for EXL/Touring
    $1200 incentive

    10K/yr is not offered

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  • JDimoJDimo Member Posts: 16
    kyfdx said:

    JDimo said:

    Hello -

    Could I please have the incentives and MF/Residual for the following 2018 CR-V models? My zip code is 60601 (Chicago).

    36 mos./10k miles

    EX-L AWD

    Touring AWD

    Thanks!

    36/12
    .00016 MF
    59%/56% residual for EXL/Touring
    $1200 incentive

    10K/yr is not offered
    Thanks very much! Is the residual any higher for the EX AWD?
  • MichaellMichaell Moderator Posts: 264,417
    JDimo said:

    kyfdx said:

    JDimo said:

    Hello -

    Could I please have the incentives and MF/Residual for the following 2018 CR-V models? My zip code is 60601 (Chicago).

    36 mos./10k miles

    EX-L AWD

    Touring AWD

    Thanks!

    36/12
    .00016 MF
    59%/56% residual for EXL/Touring
    $1200 incentive

    10K/yr is not offered
    Thanks very much! Is the residual any higher for the EX AWD?
    59% for EX

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  • JDimoJDimo Member Posts: 16
    Hello -

    My local dealership is offering the following quote on a 2018 CR-V Touring model at 36/12k. I think their numbers are pretty far off, since I'm coming up with a much lower monthly payment using the same numbers. Am I wrong?

    MSRP: $34,150
    Discount: $3,119.50
    Adjusted Price: $31,030.50
    Fees: ~$1000
    Tax: $1137
    Total Capitalized Cost including all fees and tax: $33,178.31

    $408/month including tax with a $1000 cash down payment.

    He claims he's applying the .000163 MF and 56% residual, but I'm coming up with a monthly payment of $405/month including tax with zero cash down payment when I run the numbers in the Edmunds calculator.

    Who's right?

    Thanks!
  • kyfdxkyfdx Moderator Posts: 267,637
    JDimo said:

    Hello -

    My local dealership is offering the following quote on a 2018 CR-V Touring model at 36/12k. I think their numbers are pretty far off, since I'm coming up with a much lower monthly payment using the same numbers. Am I wrong?

    MSRP: $34,150
    Discount: $3,119.50
    Adjusted Price: $31,030.50
    Fees: ~$1000
    Tax: $1137
    Total Capitalized Cost including all fees and tax: $33,178.31

    $408/month including tax with a $1000 cash down payment.

    He claims he's applying the .000163 MF and 56% residual, but I'm coming up with a monthly payment of $405/month including tax with zero cash down payment when I run the numbers in the Edmunds calculator.

    Who's right?

    Thanks!

    How long ago did you get this offer? We aren't showing any lease programs for the 2018 model in March?

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  • JDimoJDimo Member Posts: 16
    edited March 2019
    kyfdx said:

    JDimo said:

    Hello -

    My local dealership is offering the following quote on a 2018 CR-V Touring model at 36/12k. I think their numbers are pretty far off, since I'm coming up with a much lower monthly payment using the same numbers. Am I wrong?

    MSRP: $34,150
    Discount: $3,119.50
    Adjusted Price: $31,030.50
    Fees: ~$1000
    Tax: $1137
    Total Capitalized Cost including all fees and tax: $33,178.31

    $408/month including tax with a $1000 cash down payment.

    He claims he's applying the .000163 MF and 56% residual, but I'm coming up with a monthly payment of $405/month including tax with zero cash down payment when I run the numbers in the Edmunds calculator.

    Who's right?

    Thanks!

    How long ago did you get this offer? We aren't showing any lease programs for the 2018 model in March?
    I got that offer last Tuesday, so it would have been in February. Do you think they'd still honor it this month if the car is still available?

    Also, do you have any thoughts re the quality of the deal?
  • MichaellMichaell Moderator Posts: 264,417
    JDimo said:

    kyfdx said:

    JDimo said:

    Hello -

    My local dealership is offering the following quote on a 2018 CR-V Touring model at 36/12k. I think their numbers are pretty far off, since I'm coming up with a much lower monthly payment using the same numbers. Am I wrong?

    MSRP: $34,150
    Discount: $3,119.50
    Adjusted Price: $31,030.50
    Fees: ~$1000
    Tax: $1137
    Total Capitalized Cost including all fees and tax: $33,178.31

    $408/month including tax with a $1000 cash down payment.

    He claims he's applying the .000163 MF and 56% residual, but I'm coming up with a monthly payment of $405/month including tax with zero cash down payment when I run the numbers in the Edmunds calculator.

    Who's right?

    Thanks!

    How long ago did you get this offer? We aren't showing any lease programs for the 2018 model in March?
    I got that offer last Tuesday, so it would have been in February. Do you think they'd still honor it this month if the car is still available?

    Also, do you have any thoughts re the quality of the deal?
    I don't know if it will be valid, now that the lease programs for the 2018 CR-V have ended.

    But, if the dealer is willing to honor it, I'd take it.

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  • alexgarn17alexgarn17 Member Posts: 8
    Hello,

    Could you please tell me if this is a nice deal or not?

    2018 CRV EX-L model Black color with no money down

    MSRP 31,945
    Final Price - 29,122
    Government fee - 29.25
    Proc-Doc Fee - 599
    Total due at signing 496.33
    RV - 18,209
    MF .0025MF
    12k miles and 36mo.

    Monthly payment will be 496.33, I'm in area 89148 thank you!
  • kyfdxkyfdx Moderator Posts: 267,637
    edited March 2019

    Hello,

    Could you please tell me if this is a nice deal or not?

    2018 CRV EX-L model Black color with no money down

    MSRP 31,945
    Final Price - 29,122
    Government fee - 29.25
    Proc-Doc Fee - 599
    Total due at signing 496.33
    RV - 18,209
    MF .0025MF
    12k miles and 36mo.

    Monthly payment will be 496.33, I'm in area 89148 thank you!

    $500/mo for a $32,000 MSRP vehicle is not a good deal, no matter the car or location.

    2018 CR-V lease support has disappeared. If you didn't lease by last month, you missed your chance.

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  • alexgarn17alexgarn17 Member Posts: 8
    kyfdx said:

    Hello,

    Could you please tell me if this is a nice deal or not?

    2018 CRV EX-L model Black color with no money down

    MSRP 31,945
    Final Price - 29,122
    Government fee - 29.25
    Proc-Doc Fee - 599
    Total due at signing 496.33
    RV - 18,209
    MF .0025MF
    12k miles and 36mo.

    Monthly payment will be 496.33, I'm in area 89148 thank you!

    $500/mo for a $32,000 MSRP vehicle is not a good deal, no matter the car or location.

    2018 CR-V lease support has disappeared. If you didn't lease by last month, you missed your chance.
    Okay, it's better off for me to just buy instead of lease correct?
  • kyfdxkyfdx Moderator Posts: 267,637

    kyfdx said:

    Hello,

    Could you please tell me if this is a nice deal or not?

    2018 CRV EX-L model Black color with no money down

    MSRP 31,945
    Final Price - 29,122
    Government fee - 29.25
    Proc-Doc Fee - 599
    Total due at signing 496.33
    RV - 18,209
    MF .0025MF
    12k miles and 36mo.

    Monthly payment will be 496.33, I'm in area 89148 thank you!

    $500/mo for a $32,000 MSRP vehicle is not a good deal, no matter the car or location.

    2018 CR-V lease support has disappeared. If you didn't lease by last month, you missed your chance.
    Okay, it's better off for me to just buy instead of lease correct?
    Definitely

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