Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
2013 and earlier-Honda CR-V Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
This rate is based on NJ taxes of 7%.
I currently have the below offer:
EX-L w/o Nav 2WD
$1,000 down
36 months with 12/k miles
$359 a month with tax (in California)
Destination, DMV fees etc. rolled into the payment (i think)
Help!!!! is this a good deal??!!!! They are waiting for me as I type this!!!
Got my 2009 EX-L w/o Nav 4WD
$0 down
36 mo, 15k miles.
$350 month w/tax (MA 5%)
All fees rolled in.
Lean on them a bit more.
Initial Cap Cost: $26,418
$2000 down (incl down payment, first month, bank fee, DMV, Tax and License)
Lease end value %: 55%
Guarantee Lease End Value: $15,545.75
Base Monthly: $390.20
Total Monthly (incl my county tax in CA): $426.29
Should I negotiate the initial cap cost lower, or make sure they are including the dealer cash?
CR-V LX
MSRP $23,115
After Invoice/Incentive $21,000
Out of Pocket amount $1,291.42
Monthly Payment $302.42
Residual .61
Money Factor .0025
CR-V EX
MSRP $25,365
After Invoice/Incentive $23,000
Out of Pocket amount $1,347.76
Monthly Payment $358.76
Residual .61
Money Factor .0025
With the difference in MSRP and selling price at about 10%, the lease payment should only be 10% higher as well, or around $332/mo., not $358/mo.
It's possible the residual numbers on the EX are different, which would account for the discrepancy, but if they aren't, then the EX payment should be lower. I like the EX a lot, but not $56/mo. more... :surprise:
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Prices seem decent... CR-Vs have never had really low lease payments, historically..
The LX seems like a better deal, though if you want the goodies on the EX, that won't matter much...
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2wd LX
2wd EX
I've seen 61% on a few sites, but the advertised lease special on the Honda site works out to be 60%. I'm about to start working on some dealers and having accurate numbers will help. Also, the money factor I'm using is .0025, is this still correct?
Thanks.
When negotiating your lease on this model, make sure to take advantage of the $500 dealer cash that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
You are just the person I'm looking for! I'm currently looking at a 2009 CR-V EXL with navigation. The salesperson is quoting me a money factor of .00250 and a 56% residual. Is 56% correct? Wouldn't it be the 60% you mentioned for the other CRV leases?
Any help would be greatly appreciated!
2009 Honda CR-V
2009 Honda CR-V 4WD EX
24-month | 15k miles | residual 67% | .00250 base money factor
36-month | 15k miles | residual 59% | .00250 base money factor
48-month | 15k miles | residual 50% | .00305 base money factor
60-month | 15k miles | residual 40% | .00310 base money factor
2009 Honda CR-V 4WD EX-L
24-month | 15k miles | residual 64% | .00250 base money factor
36-month | 15k miles | residual 56% | .00250 base money factor
48-month | 15k miles | residual 47% | .00305 base money factor
60-month | 15k miles | residual 38% | .00310 base money factor
2009 Honda CR-V 4WD EX-L w/ Navigation
24-month | 15k miles | residual 62% | .00250 base money factor
36-month | 15k miles | residual 55% | .00250 base money factor
48-month | 15k miles | residual 46% | .00305 base money factor
60-month | 15k miles | residual 37% | .00310 base money factor
2009 Honda CR-V 4WD LX
24-month | 15k miles | residual 66% | .00250 base money factor
36-month | 15k miles | residual 59% | .00250 base money factor
48-month | 15k miles | residual 50% | .00305 base money factor
60-month | 15k miles | residual 39% | .00310 base money factor
Yes, it is 36 months at 12k miles. Is 56% correct? Car-man was talking about 60% residual for 36 month/12k leases on LX and EX. Would it drop this much for the EX_L w/nav?
Are there charts that correspond with 12k miles leases?
Thanks for the help!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
thanks
$273 for 36 months
$999 down
12,000 mi/yr
This is a closed end lease and I do not have the residual value they are leading.
Opinions on out there on whether this is a good deal?
Another dealer offered me the following terms on a CR-V EX-L
$342 for 36 months
$3,000 down
12,000 mi./yr
This did NOT seem like a very good deal
CR-V EX-L AWD? Navi? $342 x 36 = $12312 + $3000 = $15312
Is there $5000 difference between LX AWD and EX-L AWD Navi?
It helps to compare apples to apples, and not oranges. Ask both dealers for qoutes on the same vehicle.
Ive got a CR-V that I am in mid-lease through Honda financial. I have kept it in excellent condition and am within mileage etc. Due to growing family needs, I would like to purchase a larger vehicle.
Based on my market research (local sales, edmunds, kbb, nada, etc.) my CR-V is worth approximately $17-$17.5k in trade. I have been offered these figures as well from local dealerships in trade. My current payoff (residual + remaining payments) is $18500.
I contacted Honda Financial and they said that if I used the vehicle as trade-in there would be no additional fees outside of the payoff amount. My lease contract also prevents me from selling the vehicle to a third party (or transferring the lease) so if I wanted to sell it I would probably have to buy it myself, pay TTL etc., then sell it...which would negate any equity I might gain from Private Party sale.
Long story short.
What do I need to consider when trying to use this vehicle in trade-in? Will the dealership payoff the full payoff and then add the difference from trade-in value to the vehicle I am purchasing? I can accept the ~$1k negative equity to get out of the lease and into something more suitable.
Helpful cliffs:
Leased CR-V payoff is $18500.
Trade-In Value is $17500.
Financing for new purchase has been lined up through my bank, not a dealership.
I have several thousand for down payment. (or should I put this towards the lease to remove the negative equity?)
Many thanks!
What doe carman think of this deal?
One time payment of $14,098.00, 36 month, 12K per year. Includes all taxes, doc fee, and registration. I am in a 6% sales tax state. looking to close the deal by first week of July.
Thanks
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
It's difficult to say what Honda's July / August lease program will be like on the Civic. It certainly is possible that it will get better (there's significant room for it to enhance this model's money factors), but I can't guarantee that it will.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Works out to $391.60 per month. What do you think?
and, is anyone negotiating the price of the car below invoice to get your final monthly payments? Or are you guys all at invoice or a little over?
thanks!!!
Cap Cost = $25,609.00
Residual value = $17,052.52
amort amount. = $8,556.45
Rent Charge = $8556.45
Base Payment= $111.67.17
Sales Tax= $670.03
Reg/Title= $160.00
Doc.Fee= $326.54
Given that we're willing to go out of pocket $2,000. (for 1st, sec deposit, mv and cap cost red) how much would you be willing to pay per month in the central/south Jersey area?
THANK YOU VERY MUCH!
JimboWHO
The $500 dealer cash that you mentioned is the only cash incentive that is available on this model at this time.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I don't believe that a remote starter is available on this vehicle as a factory-installed option. If so, then it probably cannot be residualized. That means that you would have to pay for the entire cost of the option over the life of the lease. Just divide the price of the option by 36 and add that the the payment above.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thank you!
JimboWHO
Live in S FLA where my wife and I traded in 2007 Accord EX-L w/ 4 Lease payments remaining, using Honda "roll ahead" program , for an '09 CR-V EX (no extra options)
here's where we ended up...
$500 Down (includes 1st month)
$322.50/month
36 Month
12K Miles
thoughts? advice for next time?
Kind Regards,
Rob
I need help. If someone can guide me I would really appreciate it. Since it's Honda days sale... are there any good deals on CR-V 09 for leasing??
Also I went to a dealership in PA 2 weeks ago and we worked some numbers out. Please tell me if it is a good deal or if i can work him to bring my monthly payments lower.
down payment $5000
CR-V 2009 EXL 12k@yr
36 months= 350
CR-V 2009 EX
36 months = $250
down payment $0
CR-V 2009 LX 4x4 12kyr 3 yr lease
36 months= 268
Car.........MSRP.....Selling.....Term .......PMT..Cash down
CRV LX $23155 $20900 36 MO LEASE 309 W 680
CRV EX $25405 $23000 36 MO LEASE 339 W 710
PILOT LX $30205 $27200 36 MO LEASE 498 W 890
48 MO LEASE 459 W 827
These are all 12,000mi/yr, and include 6.5% sales tax, in the monthly payment and are all AWD models.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Tthe first thing that I noticed about the deal that you mentioned in your post is the massive down payment that the dealer is asking you for. $5,000 is way too much money to put down on a lease. 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 them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you will be much safer going with a zero down lease.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Using Honda's online lease vs. buy calculator, I determined that leasing would be just as if not more expensive than just doing a 60 mo. purchase. Both with $0 down. the lease, even requires the first payment up front...not with a loan. Wiht a 5.15% APR through my credit union, a lease didn;t make any sense... evne if I want to turn around and trade it in within 4 years.
I think Honda is getting conservative on it's residuals. I think they are anticipating high inflation (increasing the cost of money), but a saturated used car market in the future. Especailly if gas prices take off again, even getting 26mpg, might not be so great if msot new vehciles being sold offer between 32-40mpg.
Is this a good deal , or i can get better ?
I know CFC has exhausted the CRV from the market, but i hear they are coming with the 2010 in the coming week or so , which might bring the cost of the 2009 down. Is this true.
Is this a good deal , or i can get better ?
I know CFC has exhausted the CRV from the market, but i hear they are coming with the 2010 in the coming week or so , which might bring the cost of the 2009 down. Is this true.
Take the $459 multiply by 36 months and add $2000. You will come up with $18524 in rent for the privilige of driving the car for 3 years.
You decide whether it is worth it, or not.
2500 down is 289 month including taxes... and 0 down for 367!
MSRP 23523
3 yr lease 12000 miles
I am going to go on Monday to have a final talk... can anyone give me their opinion as to is this a good deal? Can i work him to bring the numbers down a little bit more? If there is anyone that had a better deal I'll love to know. This was at Piazza Honda in drexel hill, PA
2500 down is 289 month including taxes... and 0 down for 367!
MSRP 23523
3 yr lease 12000 miles
I am going to go on Monday to have a final talk... can anyone give me their opinion as to is this a good deal? Can i work him to bring the numbers down a little bit more? If there is anyone that had a better deal I'll love to know. This was at Piazza Honda in drexel hill, PA
The first is better by $300 over the life of the lease, probably due to less finance charge due to the downpayment.Otherwise, they are identical.