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2017 Honda CR-V Lease Deals and Prices

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  • rbirns1rbirns1 Member Posts: 311


    haggleman said:


    CRV EX-L AWD

    No Nav

    36/12





    In Alabama if it matters


    Of course Alabama matters.  Roll Tide! 
  • lesseefairlesseefair Member Posts: 132
    May I please have the brand-new July 6th MF and RV for a 2017 CR-V LX AWD, 36 mos/12k, for Wisconsin (53092)--including any possible dealer cash and/or lease cash?

    Thank you, kindly!
  • MichaellMichaell Moderator Posts: 240,121

    May I please have the brand-new July 6th MF and RV for a 2017 CR-V LX AWD, 36 mos/12k, for Wisconsin (53092)--including any possible dealer cash and/or lease cash?

    Thank you, kindly!

    .00200 and 62%

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  • lesseefairlesseefair Member Posts: 132
    Thank you. To confirm, the MF is .00200? 4.8%?
  • MichaellMichaell Moderator Posts: 240,121

    Thank you. To confirm, the MF is .00200? 4.8%?

    That is correct.

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  • hagglemanhaggleman Member Posts: 12
    edited July 2017
    CRV EX-L FWD
    No Nav
    36 month
    Residual % ?
    In Alabama

    As far as MF%, do you know what it would be for a one-payment lease?
  • kyfdxkyfdx Moderator Posts: 235,188
    haggleman said:

    CRV EX-L FWD
    No Nav
    36 month
    Residual % ?
    In Alabama

    As far as MF%, do you know what it would be for a one-payment lease?

    .00200 MF and 61% residual for 36/15.

    .00120 MF for one-payment lease

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  • ted1234ted1234 Member Posts: 4
    kyfdx said:

    haggleman said:

    CRV EX-L FWD
    No Nav
    36 month
    Residual % ?
    In Alabama

    As far as MF%, do you know what it would be for a one-payment lease?

    .00200 MF and 61% residual for 36/15.

    .00120 MF for one-payment lease
    How does honda one pay lease work? is it all 36 months worth of payments up front but with the lower .00120 MF? Any other advantages/disadvantages besides the lower MF? Do all Honda dealers have this option? Thanks!

  • MichaellMichaell Moderator Posts: 240,121
    ted1234 said:

    kyfdx said:

    haggleman said:

    CRV EX-L FWD
    No Nav
    36 month
    Residual % ?
    In Alabama

    As far as MF%, do you know what it would be for a one-payment lease?

    .00200 MF and 61% residual for 36/15.

    .00120 MF for one-payment lease
    How does honda one pay lease work? is it all 36 months worth of payments up front but with the lower .00120 MF? Any other advantages/disadvantages besides the lower MF? Do all Honda dealers have this option? Thanks!

    Lease payment is calculated with lower MF, then the payments are summed up and due at signing.

    No other pros or cons beyond the lower MF.

    All Honda dealers should be able to write up a lease with these parameters.

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  • mskibrowsingmskibrowsing Member Posts: 9
    edited July 2017
    CRV 2016 EX to CRV 2017 EX. We were trying for a key to key lease trade on our 2016 lease from Feb. 2016.. 12/38 with 16k miles....apprasided at $22k and was told the residual value on the 2017 was at 58% vs our 63% 2016. Connecticut. Thoughts?
  • MichaellMichaell Moderator Posts: 240,121

    CRV 2016 EX to CRV 2017 EX. We were trying for a key to key lease trade on our 2016 lease from Feb. 2016.. 12/38 with 16k miles....apprasided at $22k and was told the residual value on the 2017 was at 58% vs our 63% 2016. Connecticut. Thoughts?

    Getting out of a lease early can be expensive, even with a Honda.

    What you need are the payoff and trade values of your existing CR-V - then, you'll be in a better position to understand the numbers for the new deal.

    The 2017 CR-V is going to be expensive to lease, so long as the MF stays high (.00200 still, this month).

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  • mskibrowsingmskibrowsing Member Posts: 9
    we are basically a wash on the pay off and trade... so they were appraising it at 22k when we were at the lot. They were talking residual value was the culprit on not getting to the same payment.
  • MichaellMichaell Moderator Posts: 240,121

    we are basically a wash on the pay off and trade... so they were appraising it at 22k when we were at the lot. They were talking residual value was the culprit on not getting to the same payment.

    I don't think you can lease a 2017 CR-V for the same payment you have on the 2016.

    We've been seeing payments north of $350 from most folks.

    And, a higher residual should result in a lower payment, all things being equal.

    But, they're not - as noted, the 2017 MF is .00200. I'm sure the MF on your 2016 is much, much lower.

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  • mskibrowsingmskibrowsing Member Posts: 9
    thanks for the explanation...
  • russellhobbsrussellhobbs Member Posts: 12
    Hi, Can I get the MF and Residuals for the 2017 CRV AWD, ExL without Nav and Touring. This is 36/12. For MD, DC and VA.

    In your opinion do you think its better to lease or buy the new CRV at the moment?

    Thanks.
  • kyfdxkyfdx Moderator Posts: 235,188

    Hi, Can I get the MF and Residuals for the 2017 CRV AWD, ExL without Nav and Touring. This is 36/12. For MD, DC and VA.

    In your opinion do you think its better to lease or buy the new CRV at the moment?

    Thanks.

    .00200 MF and 63% residual.

    I wouldn't lease with money factors at this level.

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  • lairdwdlairdwd Member Posts: 56
    kyfdx said:


    .00200 MF and 63% residual.

    I wouldn't lease with money factors at this level.

    +1. I'm ready to re-up, but will not lease another honda at this MF. More power to them. We've got a lot of Americans that can afford an extra $120/month over peer vehicles. I'll be just as happy in a nice Subaru.
  • cheddieohcheddieoh Member Posts: 8
    Awesome forum! Hope you can help! 

    Mom's Lease is up in 5 wks (mid Aug). *HAS* a 2014 CRV-EX AWD: 36m/45k (has 41k) RV=$16,107. 
    *WANTS* new 2017 CRV-EX AWD, 36m/45k. FICO 800. In Ohio.

    * Saw the .0020 MF in prev posts for July. Is rate same for all credit levels? Expect to be same in Aug?

    * What is RV for 36/45?

    * Need 45k, but any advantage doing a 40m/45k to get her lease turnover (re-up) date to December in future yrs? Any positive impact on MF or RV? Thank you!


  • kyfdxkyfdx Moderator Posts: 235,188
    cheddieoh said:

    Awesome forum! Hope you can help! 

    Mom's Lease is up in 5 wks (mid Aug). *HAS* a 2014 CRV-EX AWD: 36m/45k (has 41k) RV=$16,107. 
    *WANTS* new 2017 CRV-EX AWD, 36m/45k. FICO 800. In Ohio.

    * Saw the .0020 MF in prev posts for July. Is rate same for all credit levels? Expect to be same in Aug?

    * What is RV for 36/45?

    * Need 45k, but any advantage doing a 40m/45k to get her lease turnover (re-up) date to December in future yrs? Any positive impact on MF or RV? Thank you!


    .00200 MF and 61% residual.

    If you do a longer term lease, you get more miles, and the residual goes down. I doubt Honda will do any sort of custom mileage allowance.

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  • madgeminimadgemini Member Posts: 6
    cheddieoh said:

    Awesome forum! Hope you can help! 

    Mom's Lease is up in 5 wks (mid Aug). *HAS* a 2014 CRV-EX AWD: 36m/45k (has 41k) RV=$16,107. 
    *WANTS* new 2017 CRV-EX AWD, 36m/45k. FICO 800. In Ohio.

    * Saw the .0020 MF in prev posts for July. Is rate same for all credit levels? Expect to be same in Aug?

    * What is RV for 36/45?

    * Need 45k, but any advantage doing a 40m/45k to get her lease turnover (re-up) date to December in future yrs? Any positive impact on MF or RV? Thank you!


    I think Honda allows the option of extending the lease month-to-month after it fully matures? That might be an option to get to a hopefully better time of the year to get into a new lease.
  • hondagalnychondagalnyc Member Posts: 4
    Wonderful information, my husband and I own a 2012 CR-V that we purchased outright so our payments were lower. With a baby and now on maternity leave, my income is not available to help and we wanted to lease to cut down on monthly costs. We drive cross-country to visit my family so we wanted a new vehicle for reliability. We looked at the 2017 CR-V Ex-L.

    Imagine my surprise when I got quoted $440/month for 36 months (actually, he said it was 39 months -- huh ?), 15K miles, AND $2K down. The salesman said the money factor was .0021 because the Fed had hiked rates (is that true ?). He said if we went with an EX model we're looking at $400/month give or take.

    Are these payments reasonable ? High ? Average ?
  • kyfdxkyfdx Moderator Posts: 235,188

    Wonderful information, my husband and I own a 2012 CR-V that we purchased outright so our payments were lower. With a baby and now on maternity leave, my income is not available to help and we wanted to lease to cut down on monthly costs. We drive cross-country to visit my family so we wanted a new vehicle for reliability. We looked at the 2017 CR-V Ex-L.

    Imagine my surprise when I got quoted $440/month for 36 months (actually, he said it was 39 months -- huh ?), 15K miles, AND $2K down. The salesman said the money factor was .0021 because the Fed had hiked rates (is that true ?). He said if we went with an EX model we're looking at $400/month give or take.

    Are these payments reasonable ? High ? Average ?

    The vehicle is very popular. It's not a good value to lease, IMO.

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  • rbirns1rbirns1 Member Posts: 311
    My son just leased one last night. EX-L FWD, 39/12, taxes rolled into payment, $394 per month. First month, DMV, tax on $500 new grad incentive, and security deposit on delivery. Maybe not a great value relative to competing vehicles, but it's what he wants and it's affordable to him, so it's all good.
  • hondagalnychondagalnyc Member Posts: 4
    kyfdx said:

    Wonderful information, my husband and I own a 2012 CR-V that we purchased outright so our payments were lower. With a baby and now on maternity leave, my income is not available to help and we wanted to lease to cut down on monthly costs. We drive cross-country to visit my family so we wanted a new vehicle for reliability. We looked at the 2017 CR-V Ex-L.

    Imagine my surprise when I got quoted $440/month for 36 months (actually, he said it was 39 months -- huh ?), 15K miles, AND $2K down. The salesman said the money factor was .0021 because the Fed had hiked rates (is that true ?). He said if we went with an EX model we're looking at $400/month give or take.

    Are these payments reasonable ? High ? Average ?

    The vehicle is very popular. It's not a good value to lease, IMO.
    But is $441 a month for 39 months outside the range or about right ? Dealer says the reddish color we want is in low supply so not to wait too long. Apparently, other dealers can pull it off their lot if they get an order.
  • MichaellMichaell Moderator Posts: 240,121
    rbirns1 said:

    My son just leased one last night. EX-L FWD, 39/12, taxes rolled into payment, $394 per month. First month, DMV, tax on $500 new grad incentive, and security deposit on delivery. Maybe not a great value relative to competing vehicles, but it's what he wants and it's affordable to him, so it's all good.

    Congrats to your son - that's a pretty decent price for the CR-V.

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  • MichaellMichaell Moderator Posts: 240,121

    kyfdx said:

    Wonderful information, my husband and I own a 2012 CR-V that we purchased outright so our payments were lower. With a baby and now on maternity leave, my income is not available to help and we wanted to lease to cut down on monthly costs. We drive cross-country to visit my family so we wanted a new vehicle for reliability. We looked at the 2017 CR-V Ex-L.

    Imagine my surprise when I got quoted $440/month for 36 months (actually, he said it was 39 months -- huh ?), 15K miles, AND $2K down. The salesman said the money factor was .0021 because the Fed had hiked rates (is that true ?). He said if we went with an EX model we're looking at $400/month give or take.

    Are these payments reasonable ? High ? Average ?

    The vehicle is very popular. It's not a good value to lease, IMO.
    But is $441 a month for 39 months outside the range or about right ? Dealer says the reddish color we want is in low supply so not to wait too long. Apparently, other dealers can pull it off their lot if they get an order.
    Would need to know the MSRP and the adjusted cap cost to tell you if it's a good deal.

    See the post above yours - EX-L FWD just leased for $394/mo. You tell me if your $441/mo quote is good by comparison.

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  • hondagalnychondagalnyc Member Posts: 4
    edited July 2017
    Would need to know the MSRP and the adjusted cap cost to tell you if it's a good deal.
    See the post above yours - EX-L FWD just leased for $394/mo. You tell me if your $441/mo quote is good by comparison.


    Why are MSRP and adjusted cap cost important ? A dealer can tell me they are both at ridiculously low or high levels...that just makes the monthly lease payment they gave me either very very bad (if the MSRP/cap cost is low) or very very good (if they are high). I mean, if they tell me the CV-R sells for $40,000 (MSRP or cap cost), then $441 would be pretty good. If they tell me the CV-R can be bought outright for $20,000 then the number quoted is insane. Obviously, if those prices were legit you'd want to buy the 2nd quote and avoid the 1st one.

    Right ?
  • MichaellMichaell Moderator Posts: 240,121

    Would need to know the MSRP and the adjusted cap cost to tell you if it's a good deal.
    See the post above yours - EX-L FWD just leased for $394/mo. You tell me if your $441/mo quote is good by comparison.

    Why are MSRP and adjusted cap cost important ? A dealer can tell me they are both at ridiculously low or high levels...that just makes the monthly lease payment they gave me either very very bad (if the MSRP/cap cost is low) or very very good (if they are high). I mean, if they tell me the CV-R sells for $40,000 (MSRP or cap cost), then $441 would be pretty good. If they tell me the CV-R can be bought outright for $20,000 then the number quoted is insane. Obviously, if those prices were legit you'd want to buy the 2nd quote and avoid the 1st one.

    Right ?

    The lease payment is highly dependent on how much of a discount you can negotiate from sticker.

    It's just math - with all the numbers, we can tell you exactly what the payment should be. Helps identify junk fees, too.

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  • hondagalnychondagalnyc Member Posts: 4
    Michael, can't we assume that most of the time dealerships (at least regionally) are pretty close in MSRP or cap cost ? How much could they differ ? I know there are differences based on dealer cost structure, volume, location, etc.....but do you really find the "cost" of a vehicle on the sticker varying that much within a 20-30 mile radius, outside of maybe moving from an area like ours (NYC) to the suburbs ?
  • kyfdxkyfdx Moderator Posts: 235,188

    Michael, can't we assume that most of the time dealerships (at least regionally) are pretty close in MSRP or cap cost ? How much could they differ ? I know there are differences based on dealer cost structure, volume, location, etc.....but do you really find the "cost" of a vehicle on the sticker varying that much within a 20-30 mile radius, outside of maybe moving from an area like ours (NYC) to the suburbs ?

    Dealer cost doesn't vary much, but sale pricing can vary by thousands. It's not really important for you to know the actual dealer cost. What you want is the lowest sale price. There is no easy way to get that without competitive shopping.

    If you want an easy deal, just pay the first dealer's asking price. ;)

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  • auxiliaryauxiliary Member Posts: 2
    I went to the dealer today even though I knew I was not walking out with a new crv and I was right. Honda marketing mailed me they wanted my car but only been Leasing  for 1 year, I knew it was too soon. Looking to get out of a 16 crv ex lease and into 17 crv ex lease. My pay off didn't make sense for them to make money and they wanted more. They had me walk and then the owner came out to talk. Wanted $2000 down payment to get my payments the same. I pay $329 before taxes, my 6th lease and I always do about $400 down payment  for first month. Another dealer quotes me $349 before tax ,$349 down, 12k/36 , but they didn't know I was in a lease. I walked out with $10 target GC, woot woot....see them next year I told them. 
  • MichaellMichaell Moderator Posts: 240,121
    auxiliary said:

    I went to the dealer today even though I knew I was not walking out with a new crv and I was right. Honda marketing mailed me they wanted my car but only been Leasing  for 1 year, I knew it was too soon. Looking to get out of a 16 crv ex lease and into 17 crv ex lease. My pay off didn't make sense for them to make money and they wanted more. They had me walk and then the owner came out to talk. Wanted $2000 down payment to get my payments the same. I pay $329 before taxes, my 6th lease and I always do about $400 down payment  for first month. Another dealer quotes me $349 before tax ,$349 down, 12k/36 , but they didn't know I was in a lease. I walked out with $10 target GC, woot woot....see them next year I told them. 

    Exiting a lease early without some sort of cash out of pocket on your part is rare.

    Good on you to walk. The lease deals on the CR-V can only get better. Be patient.

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  • good_boy_1234good_boy_1234 Member Posts: 81
    edited July 2017

    Would need to know the MSRP and the adjusted cap cost to tell you if it's a good deal.
    See the post above yours - EX-L FWD just leased for $394/mo. You tell me if your $441/mo quote is good by comparison.


    Right ?

    -------

    Both numbers above are overpriced. 440 with 2 grands down for EX-L -even with navigation- is way over priced! I got EX-L, with Nav, All wheel drive for less than $400 per month, ZERO down payment, no hidden fees on signing (just first month + DMV fees + document fees of $210ish).

    According to many people, mine is a solid deal, however, need to confess that I spent over a week moving between dealers and negotiate!
  • MichaellMichaell Moderator Posts: 240,121

    Would need to know the MSRP and the adjusted cap cost to tell you if it's a good deal.
    See the post above yours - EX-L FWD just leased for $394/mo. You tell me if your $441/mo quote is good by comparison.

    Right ?

    -------

    Both numbers above are overpriced. 440 with 2 grands down for EX-L -even with navigation- is way over priced! I got EX-L, with Nav, All wheel drive for less than $400 per month, ZERO down payment, no hidden fees on signing (just first month + DMV fees + document fees of $210ish).

    According to many people, mine is a solid deal, however, need to confess that I spent over a week moving between dealers and negotiate!

    That's the trick - get the dealers to compete against themselves to get you the best price, and therefore, the best payment.

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  • zeetwentyfourzeetwentyfour Member Posts: 13
    What makes the money factor so high on this? Or any car in general?
  • MichaellMichaell Moderator Posts: 240,121

    What makes the money factor so high on this? Or any car in general?

    Short answer - greed.

    Somewhat longer answer - popular vehicles will always cost more to buy or lease. My guess is that when all the type on the new CR-V dies down - whenever that is - the MF will drop, as well.

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  • lairdwdlairdwd Member Posts: 56
    > What makes the money factor so high on this

    Yeah, good question. But I think a lot of Americans have some extra cash to blow and don't really care about an extra $120/month (or more) on a lease payment. Honda doesn't care either... That is, of course until all the loans start going belly up since the auto industry is all in again on subprime.

    It's usually the prime crowd that want a deal and will go elsewhere. Not sure what to make here.
  • kyfdxkyfdx Moderator Posts: 235,188
    It's just supply and demand. The CR-V is in demand, so no incentives needed. That money factor is only for top tier customers, so I don't think Honda Finance has anything to worry about.

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  • tsinoytsinoy Member Posts: 24
    Hello- what is the MF, RV for CRV EX and EXL FWD 36/36 in Atlanta, GA? Any Honda incentives?
  • MichaellMichaell Moderator Posts: 240,121
    tsinoy said:

    Hello- what is the MF, RV for CRV EX and EXL FWD 36/36 in Atlanta, GA? Any Honda incentives?

    .00200 and 63% for both EX and EX-L

    No incentives on the CR-V

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  • bluecrown100bluecrown100 Member Posts: 3
    Hello,
    Can I get the residual value and MF for CRV LX and EX AWD, for 24 months in St. Louis, MO?
    Thanks for your time
  • MichaellMichaell Moderator Posts: 240,121

    Hello,
    Can I get the residual value and MF for CRV LX and EX AWD, for 24 months in St. Louis, MO?
    Thanks for your time

    .00200 and 67% (LX) or 68% (EX), for 24/15

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  • andreasandersandreasanders Member Posts: 30
    Hi there,

    Can I get the MF and residual for 2017 CRV EX-L AWD, 36/12K, in Philadelphia? Also, I don't hear much talk of the Touring trim...not worth the extra cash? Any difference between MF and residual at that trim level?

    Also, last question...does your credit rating affect the MF in any way? Sorry for all the questions, I am very new to this (have been living in Europe, biking for the past 5 years!)

    Thank you in advance!
  • kyfdxkyfdx Moderator Posts: 235,188

    Hi there,

    Can I get the MF and residual for 2017 CRV EX-L AWD, 36/12K, in Philadelphia? Also, I don't hear much talk of the Touring trim...not worth the extra cash? Any difference between MF and residual at that trim level?

    Also, last question...does your credit rating affect the MF in any way? Sorry for all the questions, I am very new to this (have been living in Europe, biking for the past 5 years!)

    Thank you in advance!

    .00200 MF and 63% residual
    Touring residual is 3% lower.


    .00200 is for top tier credit. As your credit score goes down, that rate will go up.

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  • aschugeraschuger Member Posts: 55
    What is the MF and residual for a 2017 Honda CR-V EX for 36 months/15k miles per year in California?

    Thanks in advance for the help
  • MichaellMichaell Moderator Posts: 240,121
    aschuger said:

    What is the MF and residual for a 2017 Honda CR-V EX for 36 months/15k miles per year in California?

    Thanks in advance for the help

    .00200 and 61%

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  • jphonda34jphonda34 Member Posts: 1
    I was hoping to get some insight on a lease for a 2017 Honda CR-V EX AWD in NY

    Monthly payment $326.59 (36 months and 12,000 miles a year)
    Down payment is $2000 and a $500 college graduation bonus
    MSRP is $29,035
    Selling price is $26,987
    MF is .00200
    Residual is $18,292

    Thank you for your time.
  • MichaellMichaell Moderator Posts: 240,121
    jphonda34 said:

    I was hoping to get some insight on a lease for a 2017 Honda CR-V EX AWD in NY

    Monthly payment $326.59 (36 months and 12,000 miles a year)
    Down payment is $2000 and a $500 college graduation bonus
    MSRP is $29,035
    Selling price is $26,987
    MF is .00200
    Residual is $18,292

    Thank you for your time.

    I get $332.08/mo with those numbers.

    Your quote is in the ballpark - my guess is that some of the $2000 down is being used to lower the selling price

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  • sandycohensandycohen Member Posts: 7
    I saw on an earlier part of the thread Michaell explained that a single-pay lease is calculated at a lower MF, and payments are summed into one payment. I asked a dealer if I can just make a downpayment that is equal to almost the entire capitalized cost (selling price less residual), so no interest is calculated on that amount at all, and I have a very small payment ($10 or something) that is subject to interest. They said it won't help. Does the interest get calculated on cap cost reductions at the full MF, so it just gets treated as a prepayment of the interest? Thanks!
  • MichaellMichaell Moderator Posts: 240,121

    I saw on an earlier part of the thread Michaell explained that a single-pay lease is calculated at a lower MF, and payments are summed into one payment. I asked a dealer if I can just make a downpayment that is equal to almost the entire capitalized cost (selling price less residual), so no interest is calculated on that amount at all, and I have a very small payment ($10 or something) that is subject to interest. They said it won't help. Does the interest get calculated on cap cost reductions at the full MF, so it just gets treated as a prepayment of the interest? Thanks!

    A one-pay lease is calculated like any other lease payment, just with the reduced MF. Then the payments are summed up and you pay that amount.

    Are you suggesting you put up $15K (or whatever) as cap cost reduction to have a tiny payment, that is subject to interest? I can see why the dealer has no interest in doing that, but I don't think it can't be done.

    Just not a good idea - if the car is stolen or totaled, you are out that up front money.

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