MSRP: 28,680
Selling Price: 26,265
Gov’t Fee: 316
Proc/Doc Fee: 749
Gross Cap Cost: 28,412 (acquisition, 1st month and tax included)
Cash Cap Reduction: 2,500
Adjusted Cap Cost: 25,912
DP: 2,000
12,000 Miles
36 months
Monthly: 299
Good deal?
First time leaser here
Thank you
Need more and clearer data. What is the actual amount due at signing? Money Factor? How do the numbers for RV and MF compare to what you learned on Edmunds was the buy rate?
Thanks for replying
Actual amount due: 2,000
MF: 0.00137
RV: 18,068
Buy Rate: 27,094
Effective $346/mo for something without leather or pleather, yeah no
I believe you have misunderstood what buy rate is
The buy rate is the lowest interest rate (money factor) that the bank (In this case, Honda Financial) allows. Dealers are allowed to mark it up for additional profit, or the bank may mark it up to approve the loan if your credit doesn’t meet their standards. 00137 checks out as the buy rate money factor according to Edmunds. Do you qualify for Honda loyalty? That’s an extra $1,000 incentive. Alternately there is a conquest program worth $500 this month if you own a 2010 or newer Toyota, Scion, Nissan, Hyundai, Kia, Subaru, Ford, Chevrolet, GMC, Jeep, Mazda and Volkswagen vehicle.
Hoping some can help on an existing offer I have for a 2020 Honda CR-V EX AWD in 98003
Offer is for a lease of 36 months & 12K miles for $0 downpayment
| Sales Price | $27,779.00 |
|---|---|
| Doc Fee | $150.00 |
| License Fee | $470.00 |
| Residual | $19,013.40 |
| Depreciation Value | $8,765.60 |
| Lease Money Factor | 0.00127 |
| APR | 3.05% |
| Term | 36.00 |
| Interest | $59.43 |
| Depreciation Payment | $243.49 |
| Sales Tax | $31.02 |
| Base Payment | $333.93 |
However, dealer #'s are slightly higher at $366/month or $322+tax which also includes a $595 acquisition fee
Is this a good deal?
Do a search and find recent CRV deals like the EXL posted recently
Seems high. What is the MSRP?
It’s $30,155 MSRP
Do you have loyalty?
No I don’t. No loyalty and no car trade-in.
What’s the MSRP? What rebates do you qualify for? Conquest, Loyalty, etc?
PNW is tough for Honda. I’ve gotten very competitive pricing from Honda of Bellevue, so I’d talk to them if you are not yet.
Conquest? U dont need to trade in ur car for conquest. Jist need to show proof that you have it in household. Conquest is $500 and there is another $500 memorial weekend dealer incentive on the CRV.
I don’t own a car so no incentives qualify for me. I’ll ask about memorial $500. Otherwise, is this a decent deal?
Edit: see you posted MSRP.
Seems high, frankly. Have you shopped a couple other dealers to check pricing? I’d shop Bellevue, Lynnwood, and Klein in Everett.
It’s $30,155 MSRP
I have all over, that was the best price I could get.
Well. Then you have you answer. It’s the best deal for the area on this car. You can try and grind it out a bit further, but sounds like you’ve hit as far as dealers are willing to go.
Have you confirmed from Edmunds what the MF and residual is to make sure it’s not marked up?
Maybe ask if they’ll take the $500 Memorial Day cash off and call it good if this is the exact vehicle you want?