We are looking for a reliable family car and landed on the CR-V Hybrid. Went into a dealer today and got down to this before walking away to think it over. Any thoughts on what I can ask for or is this a decent deal?
This is not a car to lease since it holds value really well, buy itâŚespecially with how they cranked up the MF.
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Buy this suv. Not a leasable vehicle.
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Does Honda allow fart car leases?
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Thanks for answering! We got another 30 off and picked it up yesterday.
Did you end up paying the highly marked up MF?
Yes, I had two dealers state it was the lowest, but it seems like I left something on the table. What should I have pushed for?
your âsolutionâ post is ai spam
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Whether the MF is marked up or not is immaterial. It only matters when youâre hacking a car and exchanging markup for discount.
What you really need to do now is look for the best financing deal and buy out this lease within a month or two.
Literally the worst thing you can do is buyout at the end of the lease with a used car loan (or return it and lease again)
Thanks for your thoughts. I understand that people on here are experts, but no one is answering the actual question I had (except a bot I guess). Other than the first person pointing out that this is not a good car to lease, what are people adding that is helpful? Maybe this is the price you pay for going to the internet for advice, but itâs disheartening. Iâve been on this forum for years, learned a lot and have had times where I spent weeks negotiating with 3-4 dealers, Iâve sourced a car from 3,000 miles away looking for the best deal, etc. At this point in my life, I want to lease a car because I have 3 young kids, the car is for my nanny, and I donât think we will need it after 3 years. We had an older car that caused a million headaches and I chose the CRV for safety and reliability, not because it was the âbestâ leaseable car. I get that itâs not the most savvy financial decision. But itâs where Iâm at, and Iâm completely fine paying a little more for something that is convenient for my family. I want a decent LEASE deal and that was the question I asked. Anyway, sorry for the long rant, this is all a moot point as I got the car yesterday. Appreciate everyone who took the time to respond.
in this case âthis is a bad lease, you should buy itâ is the correct answer. some cars just donât lease well given all the variables inherent in leasing. did i understand correctly that you saved an additional $30 a month off the initial offer you shared?
also post this in signed if you get a chance, itâs good to have honda data
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Hi Fobi - glad you got your car and it seems to be what you want now.
Before you jump into a showroom to get quotes on your next ride, you may want to ask some questions first and get to the details you were looking for. This forum doesnât work very well when people just show up and say âwhat do you think of this deal.â Getting a good lease is more of a mindset; not just looking at numbers on an offer sheet or contract.
In this case, the marked up money factor (0.00245 instead of buy rate 0.0015) feels insignificant, but is worth almost 2.3% APR. If you were shopping for a car loan and Bank A quoted you 4.99% and Bank B quoted you 6.99%, youâd take Bank A every single time. This would be worth almost $2,000 of interest for a 36 month borrowing period.
Thatâs all people were trying to tell you about the money factor⌠it takes effort to negotiate that down. Of course if you ask for the buy rate, the dealership will initially tell you âno.â The sales people are trained how to push back with you and earn their commission. This is why itâs about mindset. If you want to lease, then you need to know how to play the lease game.
If you are open to financing instead of leasing, then there are other things you can do to ensure a great deal. Leasing isnât great for everyone, and buying isnât great for everyone. Lessons learned for next time.
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This is the exact information that would have been helpful to have! Agreed on lessons learned, thank you for responding.
What? You received and ignored lots of information. In fact, I told you they cranked up MF in first post and you didnât try to educate yourself at all. Dealers love customers like that and you paid thousands for it.
The reason why people were suggesting to finance instead of to lease is b/c, even if you sell at the 3-yr mark, a car like a CR-V hybrid would likely retain its value so well that you mightâve ended up w/ a lower total cost of ownership vs. leasing.
Sometimes, posters will still prefer to lease for cash flow reasons; if that was your situation, that wouldâve been helpful to know up front.
Regarding the marked up MF, thatâs not necessarily a big deal, as long as you negotiate the selling price to compensate for that. I havenât done a search of the Marketplace to see if there are CR-V hybrids listed.
And all of the above is probably why you didnât get many concrete responses. Itâs hard to know what a good deal is when we donât see a lot of relevant deals and when brokers who might know havenât necessarily seen your post.
If you do add your deal to Signed Deals & Tips, that info will be helpful to other posters.
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Cranked up MF, marked up MF. I donât see that as educational. So yes, the MF is high, what should it be? How do I get that information? Iâm happy to do additional work, it seemed like people were more interested in being snarky or telling me to buy than helping me lease. I asked Max, what should the MF have been, his response, itâs immaterial. Sorry this was frustrating, but I was actually trying to understand. I maybe should have done more research on my own. Thank you for responding and have a great day!
The buy rate, or lowest allowable MF, is actually listed on your deal sheet.
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Makes sense, I shouldâve put more about why I didnât want to buy. I posted in Signed as well, thanks.
My gosh manâŚMFs and mark ups are the most basic thing on this siteâŚcouldnât you google what it means or do some basic research? Literally googling âwhere can i find 2026 honda crv mfâ will lead you to Edmunds site. And lo an behold it actually says 245 there so who knows where they got 015.
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