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2017 Honda CRV; Touring; FWD; 3 yr / 10k mile lease; MSRP is $33,435 and purchase price is $31,434; this is in Texas.
I am curious about MF, residual and monthly payments both for $0 down and for $1,000 down.
Also, do you know if Honda is offering the dealers any incentives through July 5th? I don't see any published consumer incentives of the CRV Touring.
THANK YOU SO MUCH!!!
No incentives on the CR-V
Adding $595 for the acquisition fee and 6.25% sales tax on the full amount gives a CAP cost of $34,030.
$488/mo, with first payment and DMV fees upfront.
Figure $30/mo less for every $1000 extra upfront.
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Chicago/Wisconsin area. Planning to finalize the lease this Monday (tomorrow).
Any help is greatly appreciated as I want to get done with it tomorrow!
At the moment, the high MF and low discounting on the CR-V makes leasing pretty expensive.
If you can provide us with the MSRP and the adjusted cap cost, we can run the numbers for you.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
- What is the best Lease amount for term of 36m/10k miles
- Is it advisable to go with one time lease payment option
- Does money factor come into play if I am going with one time lease payment option
- Is residual value calculated at the price of actual MSRP or discounted MSRP provided by the dealer.
- In case of going with the lease should calculation be done on basis of actual MSRP or reduced MSRP provided by dealer
Net Vehicle price: $26,795
Accessories: 229
Then after further negotiation he said he will be able to make it down to $380 per month if I take it on Monday, but was over the phone so I couldn't get the new net vehicle price and accessories based on the new $380 per month offer, so not sure if there is a way to extrapolate from the numbers in $395 per month deal above.
In addition, based on all of these, is it reasonable to ask for $400 per month for the higher trim EX-L model (extrapolating from the lower trim EX $380 deal which is extrapolated from the EX $395 deal)? In other words, if the dealer was lenient to go low for $380 per month for the EX, would it be reasonable to ask him to go down to $400 per month for the higher trim EX-L mode?
Thanks again and my apologies for asking too much!
PS: Noticed that you mentioned that leasing is expensive now. How much I would save if I buy it now rather than buying it after 3 years (buy-out)? I am not quite sure if I want to keep it or not, it will be my first car in my name!
would having a down payment decrease the money factor/real costs or just the same amount subtracted from monthly payments?
In other words, if I had to pay $400 inclusive per month for 36 months with zero down payment, would the monthly payment go lower than $372.2 if I put $1000 as down payment? If it doesn't go lower, then what's the point of down payment?
Lastly, I noticed that you mentioned the current program ends on 7/5, does that mean you recommend to wait for after 7/5 to lease? Would be there a dramatical change (>$300) in price?
Honda doesn't offer big discounts for one-pay leases, but yes, there is still a money factor involved.
Residual percentage is applied to the full MSRP on the Monroney sticker. The bottom number, including all options and destination. Not the selling price, or including any addendums from the dealer.
You calculate the residual using the full MSRP, but the CAP cost is calculated using the selling price.
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The current lease program on the CR-V is not that great. Waiting until July 6th will bring a new program. It might not be any better, but it certainly wouldn't be worse.
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adjusted cap cost 28889.95
residual value 17939.70
Amount due at lease signing: 803.92 (including first payment of 384 and plates/other fees).
What do you think?
By the way, I know you stressed on having residual value static and don't change, However, I got different offers from dealers with different residual values. This dealer RV is 17939.7 as mentioned above, while other dealer RV is $18582.4! Both have the same monthly payments. Not sure which I need to go with then? Which RV would be better for me?
The dealer cannot modify the residual; it is set by the bank.
If you read back through the last few pages of this thread, I think you'll find the $384 is in line with what others have reported as their payment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Lastly, good to hear that $384 monthly inclusive is in line with others (though I couldn't find such posts). Based on your expertise, what's the lowest monthly inclusive rate you have seen/heard of for EX AWD with zero down payment?
And, can't answer the first one, either, as something seems fishy with one of those quotes. If you can post the details of those deals, we might be able to explain what's going on, but otherwise we'd just be guessing.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
--Dealer one:
Adjusted cap cost: 28889.95
RV: 17939.70
--Dealer two:
Adjusted cap cost: 27087.8
RV: 18582.4
What's going on here? Which one is better in case I decide to keep after 3 years? Or these RV values won't be detrimental after 3 years?
On a separate note, in case I decide to lease a higher trim EX-L AWD with Nav, how much is the RV and how to calculate it from the percentage and MF you usually provide? State of Wisconsin
Thanks so much!!
I'd guess one dealer is quoting 12K/yr and the other is quoting 15K/yr.
Do you have the MSRP of these vehicles? That's how you make sure you are getting apples to apples comparisons.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Cap cost: $30649.09 including nano care for paint protection interior and exterior and maintenance every 6 months
RV: 19785.35
Amount due at lease signing: 831.26 (including first payment)
Monthly payment: $406 including tax (if I take out paint protection and maintenance, it will be $380 or less per month including tax).
- No down payment.
- According to the dealer, it's a losing deal for him.
- I hope this is a good deal
- State of Wisconsin
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Not your issue to worry about their profit - go enjoy your new Honda!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm curious what the current MF is in CA for CRV EX and EX-L (12k/36).
Is there a typical pattern where it tends to dip at a particular time of year?
No patterns.
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Can you guys help me!?
I'm in the market for CR-V Touring 2017 for lease.
Best price so far:
MSRP $33,295
New Offer: $30,489
36mo. 12k per year
0 down
Zip 90723
Can you give me a realistic payment?
and depreciation in those 3 years.
Not an expert here, but after extensive research on honda lease for CR-V EX and EXL, I won't expect anything less than $420 without tax zero down payment for touring AWD, not sure if others have managed to get lower rates
Adding $595 for the acquisition fee
$402/mo.+tax
1st payment and DMV/doc fees due at signing.
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Just curious if you have the July lease numbers yet please. 36/15 EX-L with Navigation in Wisconsin. Hoping that .00200 MF drops off a bit this month. Thanks.
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Where did you get your CR-V and what were your final numbers?
Is the new offer amount what you were able to get the car down to? If so that's a good price! Where is this at? Trying to get that same model (Touring) for around that price (30k) in Southern California.
(every $1000 upside down you are adds about $28/mo to the payment on a 36 month lease)
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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No Nav
36/12
EX AWD
12k year/36 months
massachusetts
thanks!
I'd love to know the July MF & Residual for:
EX-L AWD (no Navigation)
12K/ 36 Months
New York
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Honda does not offer 10K/yr
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