2015 Honda CR-V Lease Questions

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  • MichaellMichaell Moderator Posts: 261,129
    Michael,

      here is another lease deal that I had in SoCal.  This is for a 2015 cr-v ex 2wd.  How does this lease offer look  to you?

    Our Pricing Breakdown
      
    $23,514.00Sale Price (includes $880 Destination Charge)
    +$1,882.728% Sales Tax
    +$8.75CA Tire Fee
    +$10.00CA Misc License Fee
    +$20.00Smog Abate Fee
    +$29.00CA Electronic Filing Fee
    +$80.00Documentation Fee
    +$297.00CA License Fee
    $25,841.47Total "Out-The-Door" Price (No Hidden Charges)

    Lease
    39 Mo - 12k miles/year$265.00/mo
    Due at Signing:
    First Month's Payment$265.00
    8% CA Tax on Payment$21.20
    Down Payment$0.00
    CA Tire Fee$8.75
    CA Misc License Fee$10.00
    Smog Abate Fee$20.00
    CA Electronic Filing Fee$29.00
    Documentation Fee$80.00
    CA License Fee$297.00
    8% CA Tax on Upfronts$1.60
    Total Due at Signing$732.55
     
    Payment inc. 8.00% tax$286.20/mo
    Click here for more 
    information on this lease
    Finance
    60 Months$441/mo
    Down Payment$0
    Finance Rate3.9%
     
    Payment inc. 8.00% tax$475/mo
    Click here for more 
    information on this deal


    Tax on a lease in CA is applied to the monthly payment, not charged up front. 

    Also need to know the MSRP

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  • gronniegronnie Member Posts: 3
    edited June 2015
    Hi, I am in Minnesota and plan to go look at 2015 CRVs tomorrow. Can someone please provide me the residual and MF for 12k /36 months and 12k / 39 months for the LX AWD and EX AWD models? Thanks!

    If it isn't too inconvenient, also curious for the EX-L and Touring models. I have no idea which model I want, and do like electronics and safety equipment, so could see myself going for one of these if it isn't more than another 50 dollars or so than the EX payment.
  • MichaellMichaell Moderator Posts: 261,129
    gronnie said:
    Hi, I am in Minnesota and plan to go look at 2015 CRVs tomorrow. Can someone please provide me the residual and MF for 12k /36 months and 12k / 39 months for the LX AWD and EX AWD models? Thanks! If it isn't too inconvenient, also curious for the EX-L and Touring models. I have no idea which model I want, and do like electronics and safety equipment, so could see myself going for one of these if it isn't more than another 50 dollars or so than the EX payment.
    Big difference in MF - .00051 for the LX but .00160 for all the other trims. 

    36/12 residuals:
    LX and EX 64%
    EX-L 63%
    Touring 60%

    subtract 2% for 39/12

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  • gronniegronnie Member Posts: 3
    Michaell said:


    gronnie said:

    Hi, I am in Minnesota and plan to go look at 2015 CRVs tomorrow. Can someone please provide me the residual and MF for 12k /36 months and 12k / 39 months for the LX AWD and EX AWD models? Thanks!

    If it isn't too inconvenient, also curious for the EX-L and Touring models. I have no idea which model I want, and do like electronics and safety equipment, so could see myself going for one of these if it isn't more than another 50 dollars or so than the EX payment.

    Big difference in MF - .00051 for the LX but .00160 for all the other trims. 

    36/12 residuals:
    LX and EX 64%
    EX-L 63%
    Touring 60%

    subtract 2% for 39/12

    Thanks for the reply.

    Man the MF for the LX is super tempting, but I really like my electronic goodies -- gonna be a tough decision.
  • mdchipmdchip Member Posts: 10
    I was hoping for better, but just signed lease on LX AWD CRV. Western New York.
    MSRP = 25,575
    Cap cost: 23,760.91
    Acquisition fee: 595
    Cap Taxes (8.75%): 830.32
    Gross Cap Cost: 25,186.73

    1st payment: 262
    Title/Reg/Fee/Tire: 157.50
    Total due at signing 419.50 (paid by dealer)

    Payment 262
    Term 36
    Annual Miles 12000

    Residual 64% = 16368
  • kyfdxkyfdx Moderator Posts: 263,785
    mdchip said:

    I was hoping for better, but just signed lease on LX AWD CRV. Western New York.
    MSRP = 25,575
    Cap cost: 23,760.91
    Acquisition fee: 595
    Cap Taxes (8.75%): 830.32
    Gross Cap Cost: 25,186.73

    1st payment: 262
    Title/Reg/Fee/Tire: 157.50
    Total due at signing 419.50 (paid by dealer)

    Payment 262
    Term 36
    Annual Miles 12000

    Residual 64% = 16368

    Looks like a pretty good deal. Congrats!

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  • vuongnguyen114vuongnguyen114 Member Posts: 7
    Hi I am planning to lease a CRV EX. Can someone help me with the MF and residual for 12k/year 36 months. Thanks
  • kyfdxkyfdx Moderator Posts: 263,785
    vuo69 said:

    Hi I am planning to lease a CRV EX. Can someone help me with the MF and residual for 12k/year 36 months. Thanks

    .00165 MF and 64% residual

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  • vuongnguyen114vuongnguyen114 Member Posts: 7
    kyfdx said:

    vuo69 said:

    Hi I am planning to lease a CRV EX. Can someone help me with the MF and residual for 12k/year 36 months. Thanks

    .00165 MF and 64% residual
    Thank you
  • kapkanimdkapkanimd Member Posts: 136
    do any of the CRV models have the lower MF like last month? also looking 12k/36 mo as well. Thanks.
  • kyfdxkyfdx Moderator Posts: 263,785
    kapkanimd said:

    do any of the CRV models have the lower MF like last month? also looking 12k/36 mo as well. Thanks.

    Just the LX: .00040 MF and 63% residual

    .00165 MF for all other trims.

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  • joannejoannejoannejoanne Member Posts: 8
    edited July 2015
    Hi,
    I am looking for 10k/36m lease EX AWD in NJ.
    MF and RV is same with above? 0.00165 & 64%?
    Thank u!
  • MichaellMichaell Moderator Posts: 261,129

    Hi,
    I am looking for 10k/36m lease EX AWD in NJ.
    MF and RV is same with above? 0.00165 & 64%?
    Thank u!

    63% and .00165 for 36/12. If 10K leases are available, add 1% to the residual.

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  • joannejoannejoannejoanne Member Posts: 8
    edited July 2015
    Michaell said:

    Hi,
    I am looking for 10k/36m lease EX AWD in NJ.
    MF and RV is same with above? 0.00165 & 64%?
    Thank u!

    63% and .00165 for 36/12. If 10K leases are available, add 1% to the residual.
    Thank you.

    What if 39m/10k?
    Also, what is the difference between 39m and 36m lease terms? What should I know?

  • MichaellMichaell Moderator Posts: 261,129

    Michaell said:

    Hi,
    I am looking for 10k/36m lease EX AWD in NJ.
    MF and RV is same with above? 0.00165 & 64%?
    Thank u!

    63% and .00165 for 36/12. If 10K leases are available, add 1% to the residual.
    Thank you.

    What if 39m/10k?
    Also, what is the difference between 39m and 36m lease terms? What should I know?

    Subtract 2% from the residual to go from 36 months to 39 months. MF stays the same.

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  • mustgofastmustgofast Member Posts: 65
    What's the MF change for a 15k lease?
  • MichaellMichaell Moderator Posts: 261,129

    What's the MF change for a 15k lease?

    MF is the same regardless of miles per year. Residual changes based on miles.

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  • mustgofastmustgofast Member Posts: 65
    Sorry that was what I meant to ask. Is it a std -2% to go from 12k/yr to 15k/yr or is the CR-V different?
  • MichaellMichaell Moderator Posts: 261,129

    Sorry that was what I meant to ask. Is it a std -2% to go from 12k/yr to 15k/yr or is the CR-V different?

    2% delta between 12K and 15K residuals. Pretty standard for most manufacturers.

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  • mustgofastmustgofast Member Posts: 65
    thanks for the confirmation
  • crv_ravcrv_rav Member Posts: 6
    This is the first time I am leasing a car. Is the new CRV LX AWD offer on the Honda Website a good deal? This is the 4th offer on the webpage with just $260 due at signing with no down payment except usual fees. I think this is a national offer but it is what came up after entering the zip code. I am in NYC Metro area. From the first print, it says "Net capitalized cost includes $595 acquisition fee." Am I correct in understanding that when I go the dealer looking for this deal they won't try to charge me for this upfront? I have a very credit score above 720 with fairly high income. Does this mean I will most likely be not turned down for this offer? Would offering to pay 1 or 2 years worth of payments up front make any difference? Also, should this deal be used as a starting point for a better deal or is it very good offer already?

    Anyone else find a better or more compelling deal in NYC Metro area? All I really care about is the AWD part because I have a treacherous commute during snowy weather.
  • MichaellMichaell Moderator Posts: 261,129
    crv_rav said:

    This is the first time I am leasing a car. Is the new CRV LX AWD offer on the Honda Website a good deal? This is the 4th offer on the webpage with just $260 due at signing with no down payment except usual fees. I think this is a national offer but it is what came up after entering the zip code. I am in NYC Metro area. From the first print, it says "Net capitalized cost includes $595 acquisition fee." Am I correct in understanding that when I go the dealer looking for this deal they won't try to charge me for this upfront? I have a very credit score above 720 with fairly high income. Does this mean I will most likely be not turned down for this offer? Would offering to pay 1 or 2 years worth of payments up front make any difference? Also, should this deal be used as a starting point for a better deal or is it very good offer already?

    Anyone else find a better or more compelling deal in NYC Metro area? All I really care about is the AWD part because I have a treacherous commute during snowy weather.

    Any national or regional deal is just OK. You should be able to beat it by negotiating for a better selling price.

    You can choose to pay the acquisition fee up front or add it into the cap cost for the lease.

    You shouldn't have a problem qualifying if your credit score is above 720.

    Prepaying your lease won't necessarily get you a better deal.

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  • mustgofastmustgofast Member Posts: 65
    Think there's a better deal out there than $317/mo 39/12k for the EX-L AWD?
    0 down / 0 security / 0 first month -- have this in hand if I want. Might want to add navi, but figure that's likely not a big jump.
  • MichaellMichaell Moderator Posts: 261,129

    Think there's a better deal out there than $317/mo 39/12k for the EX-L AWD?
    0 down / 0 security / 0 first month -- have this in hand if I want. Might want to add navi, but figure that's likely not a big jump.

    Engage as many dealers as you are willing to travel to .. get them to compete against one another. Best way to lower the lease payment is to negotiate a lower selling price.

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  • mustgofastmustgofast Member Posts: 65
    Not really an answer to my question. This was the product of that process. it's base rate MF and below invoice.
  • MichaellMichaell Moderator Posts: 261,129

    Not really an answer to my question. This was the product of that process. it's base rate MF and below invoice.

    Then I'm not sure how exactly you'd improve on it ... :smile:

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  • mustgofastmustgofast Member Posts: 65
    You never know when someone has found a lower price or something I missed... figured I'd ask.
  • MichaellMichaell Moderator Posts: 261,129

    You never know when someone has found a lower price or something I missed... figured I'd ask.

    What I've learned is that there is always someone who posts a lower price.

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  • mustgofastmustgofast Member Posts: 65
    Michaell said:



    What I've learned is that there is always someone who posts a lower price.

    Touche
  • grkm3grkm3 Member Posts: 2
    I had 3 local dealers compete and I got a crv exl 4wd for 26k 347 a month with absolutely zero down and not even first month payment on a 12k 36 month lease.
  • MichaellMichaell Moderator Posts: 261,129
    grkm3 said:

    I had 3 local dealers compete and I got a crv exl 4wd for 26k 347 a month with absolutely zero down and not even first month payment on a 12k 36 month lease.

    Congrats - enjoy the new Honda!

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  • jgalindo1224jgjgalindo1224jg Member Posts: 47
    What number would i be looking at 
    2015 crv lx awd
    msrp 25575
    sale price 23446 includes destination and doc fee

    2015 crv ex awd
    msrp 27675
    sale price 25412 includes destination and doc fee

    both would be 36 months 18k 
  • MichaellMichaell Moderator Posts: 261,129

    What number would i be looking at 
    2015 crv lx awd
    msrp 25575
    sale price 23446 includes destination and doc fee

    2015 crv ex awd
    msrp 27675
    sale price 25412 includes destination and doc fee

    both would be 36 months 18k 

    36/15 numbers:

    LX AWD - .00040 and 61%

    EX AWD - .00165 and 61%

    Honda charges up front for the extra miles, but I don't know at what rate - could be anywhere between .10-.25 per mile.

    Using the prices given, I get a pre-tax payment of $233.54 for the LX AWD and $306.74 for the EX AWD. This is before the deduction for the extra miles you are looking for.

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  • hotkristinhotkristin Member Posts: 34
    Trying to negotiate a lease for my sister. Looking at a 2015 Honda CRV LX
    MSRP: 25575
    Sale: 23446
    36 months 15,000 miles per year.

    Best offer I got from two dealers was 541 due at signing (first payment, tax, tags) and 277 a month....

    I think they can do better....any input?

  • MichaellMichaell Moderator Posts: 261,129

    Trying to negotiate a lease for my sister. Looking at a 2015 Honda CRV LX
    MSRP: 25575
    Sale: 23446
    36 months 15,000 miles per year.

    Best offer I got from two dealers was 541 due at signing (first payment, tax, tags) and 277 a month....

    I think they can do better....any input?

    Lease numbers are .00040 MF and 61% for 36/15. Using your MSRP and sale price, I get a payment of $233.54/mo before tax.

    What state is this and what is the tax rate?

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  • hotkristinhotkristin Member Posts: 34
    Thank you Michaell.....we are in PA so tax rate is 9%. So basically I should be able to get her in a CRV for zero down 255-260 a month?

  • MichaellMichaell Moderator Posts: 261,129

    Thank you Michaell.....we are in PA so tax rate is 9%. So basically I should be able to get her in a CRV for zero down 255-260 a month?

    Yep.

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  • crv_ravcrv_rav Member Posts: 6
    edited August 2015
    Is this considered an excellent deal for CRX LX AWD? $237.57 per month plus tax (all fees included except $350 disposition at the end of the lease). 3 year/12,000. This was called "total out of pocket lease" and I think there is no payment first month.

    Lease Acquisition Fee +$595.00
    Registration Fee +$135.00
    Documentation Fee +$239.00
    First Month's Payment inc tax +$252.42
    Capitalized Cost $24,229.08
    Capitalized Cost Reduction
    (Down Payment) -$0.00
    Adjusted Cap Cost $24,229.08
    Residual Value -$16,112.25
    Depreciation $8,116.83

    Adjusted Cap Cost $24,229.08
    Residual Value $16,112.25
    Sum2 for Avg. Fin. $40,341.33
    Financed at 36 mo @ 0.00030 money factor3
    Finance Charge $435.60

    Down Payment $0.00
    Fees Due at Signing $0.00
    First Month's Payment Waived
    Total Due at Signing $0.00
  • MichaellMichaell Moderator Posts: 261,129
    crv_rav said:

    Is this considered an excellent deal for CRX LX AWD? $237.57 per month plus tax (all fees included except $350 disposition at the end of the lease). 3 year/12,000. This was called "total out of pocket lease" and I think there is no payment first month.

    Lease Acquisition Fee +$595.00
    Registration Fee +$135.00
    Documentation Fee +$239.00
    First Month's Payment inc tax +$252.42
    Capitalized Cost $24,229.08
    Capitalized Cost Reduction
    (Down Payment) -$0.00
    Adjusted Cap Cost $24,229.08
    Residual Value -$16,112.25
    Depreciation $8,116.83

    Adjusted Cap Cost $24,229.08
    Residual Value $16,112.25
    Sum2 for Avg. Fin. $40,341.33
    Financed at 36 mo @ 0.00030 money factor3
    Finance Charge $435.60

    Down Payment $0.00
    Fees Due at Signing $0.00
    First Month's Payment Waived
    Total Due at Signing $0.00

    Yes, looks like a good deal.

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  • ROMILROMIL Member Posts: 111
    edited August 2015
    Please post MF/Res for CR-V Touring FWD 36mo/15K.
    2018 Honda Accord Touring
    2017 Chrysler Pacifica Limited
  • MichaellMichaell Moderator Posts: 261,129
    ROMIL said:

    Please post MF/Res for CR-V Touring FWD 36mo/15K.

    57% and .00165

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  • hotkristinhotkristin Member Posts: 34
    crv_rav said:

    Is this considered an excellent deal for CRX LX AWD? $237.57 per month plus tax (all fees included except $350 disposition at the end of the lease). 3 year/12,000. This was called "total out of pocket lease" and I think there is no payment first month.

    Lease Acquisition Fee +$595.00
    Registration Fee +$135.00
    Documentation Fee +$239.00
    First Month's Payment inc tax +$252.42
    Capitalized Cost $24,229.08
    Capitalized Cost Reduction
    (Down Payment) -$0.00
    Adjusted Cap Cost $24,229.08
    Residual Value -$16,112.25
    Depreciation $8,116.83

    Adjusted Cap Cost $24,229.08
    Residual Value $16,112.25
    Sum2 for Avg. Fin. $40,341.33
    Financed at 36 mo @ 0.00030 money factor3
    Finance Charge $435.60

    Down Payment $0.00
    Fees Due at Signing $0.00
    First Month's Payment Waived
    Total Due at Signing $0.00


    This is the deal I am trying to get for my sister and I cannot get anyone in PA to budge on the deal. Where is this deal from? Does anyone know any PA dealers that would honor such a great deal?

  • steverstever Guest Posts: 52,454
    edited August 2015
    A leasing expert is looking for a new car shopper in the Seattle area who needs help navigating the leasing process. The expert will help you go through the leasing process from start to finish for free in exchange for taking a few pictures and/or video of the experience with leasing a new car using an iPhone app. If interested, please send an email to stever@edmunds.com.
  • roofilzroofilz Member Posts: 2
    edited August 2015
    Hi, I've been quoted $300/mo for a 35 mo lease with first payment due at time of signing for the below, in Texas.

    Car: 2015 CR-V LX - no additional options.
    12k Miles per year
    $24,325 MSRP
    $23,098 Sales price
    $1,783 TT&L
    $15,325 residual at end of 36 months (63%)
    GAP included
    2 free years oil changes

    Considering the leasing specials out there, does this sound fair? Is there a worksheet still available for plugging numbers in myself? Sorry - haven't done this much.

    All help is much appreciated!
  • MichaellMichaell Moderator Posts: 261,129
    roofilz said:

    Hi, I've been quoted $300/mo for a 35 mo lease with first payment due at time of signing for the below, in Texas.

    Car: 2015 CR-V LX - no additional options.
    12k Miles per year
    $24,325 MSRP
    $23,098 Sales price
    $1,783 TT&L
    $15,325 residual at end of 36 months (63%)
    GAP included
    2 free years oil changes

    Considering the leasing specials out there, does this sound fair? Is there a worksheet still available for plugging numbers in myself? Sorry - haven't done this much.

    All help is much appreciated!

    Are you planning to pay the taxes and other fees up front or are you adding them into the sales price?

    Texas leases are expensive because the entire selling price is subject to sales tax.

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  • roofilzroofilz Member Posts: 2
    Michaell said:

    roofilz said:

    Hi, I've been quoted $300/mo for a 35 mo lease with first payment due at time of signing for the below, in Texas.

    Car: 2015 CR-V LX - no additional options.
    12k Miles per year
    $24,325 MSRP
    $23,098 Sales price
    $1,783 TT&L
    $15,325 residual at end of 36 months (63%)
    GAP included
    2 free years oil changes

    Considering the leasing specials out there, does this sound fair? Is there a worksheet still available for plugging numbers in myself? Sorry - haven't done this much.

    All help is much appreciated!

    Are you planning to pay the taxes and other fees up front or are you adding them into the sales price?

    Texas leases are expensive because the entire selling price is subject to sales tax.
    They would be added in from what I can tell. Only money out of pocket is the first payment of 300.
  • MichaellMichaell Moderator Posts: 261,129
    roofilz said:

    Michaell said:

    roofilz said:

    Hi, I've been quoted $300/mo for a 35 mo lease with first payment due at time of signing for the below, in Texas.

    Car: 2015 CR-V LX - no additional options.
    12k Miles per year
    $24,325 MSRP
    $23,098 Sales price
    $1,783 TT&L
    $15,325 residual at end of 36 months (63%)
    GAP included
    2 free years oil changes

    Considering the leasing specials out there, does this sound fair? Is there a worksheet still available for plugging numbers in myself? Sorry - haven't done this much.

    All help is much appreciated!

    Are you planning to pay the taxes and other fees up front or are you adding them into the sales price?

    Texas leases are expensive because the entire selling price is subject to sales tax.
    They would be added in from what I can tell. Only money out of pocket is the first payment of 300.
    It looks like $300/mo, if it includes your taxes and fees, is a decent price.

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jayb82jayb82 Member Posts: 19
    edited August 2015
    Hi,
    Can you please provide MF and residual for AWD in NJ for these models with 10,000 miles?
    EX
    EX - L
    LX
    Touring
    Thanks in advance
  • kyfdxkyfdx Moderator Posts: 263,785
    jayb82 said:

    Hi,
    Can you please provide MF and residual for AWD in NJ for these models with 10,000 miles?
    EX
    EX - L
    LX
    Touring
    Thanks in advance

    What lease term?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jayb82jayb82 Member Posts: 19
    kyfdx said:

    jayb82 said:

    Hi,
    Can you please provide MF and residual for AWD in NJ for these models with 10,000 miles?
    EX
    EX - L
    LX
    Touring
    Thanks in advance

    What lease term?
    36 months
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