I was offered a deal at the dealership for $279+tax with only first months payment and a 199 doc fee due at signing.
Here are the details they provided.
CR-V LX Lease special
36 months, 12,000 miles per year
279 / mo + tax
0 Down, 1st payment and 199 document fee due at signing.
Cap Cost - 24,429
Money Factor - .00064
Residual - 15,987
It seems like a really good deal, but I’m not sure entirely as I’ve gotten a Subaru Legacy ~$28000 lease for $260 a couple years ago
Hmmmm… something is missing… Assuming the adjusted cap = 24,429, I get a payment of…
0.00064(24,429 + 15,987) + (24,429 - 15,987) / 36 = 260.37
Here’s Honda’s national Ad…
Based on this Ad, I’ve determined the following…
MSRP = 26,645
Res Factor = 60%
Residual = 15,987
Sell Price = 25,741.78
Acquisition Fee = 595
Gross Cap = 26,336.78
Cap Reduction = 1,604
Net Cap = 24,732.78
Payment = 269
Base Money Factor = 0.00064
I would focus on getting the selling price down. Check edmunds and leasehackr to see what others are paying. Look at SP’s in your area. Check local dealer inventories. Try to get and idea of supply and demand in your locale.
