I am in Alabama and looking to lease a 2019 HR-V sport 2WD. I know that Honda doesn’t negotiate much in general and I have never been able to negotiate a lease…which is crazy, I know. Basically I don’t even know what to ask for. The sticker price on the vehicle I am looking at is $22,220. I have no idea of where to go next nor what I should reasonably expect as my final deal.
Is $22,220 the offered discount price? I thought the starting sticker of a base CRV is $25,050 plus destination. You can get some fair lease deals on CRV, but it is usually much better to buy. Especially a 2wd base model. My suggestion, make sure you run the numbers both ways before you sign anything.
By all means, run the numbers. Ever hr-v lease I have seen come across here has been so horrible due to lease terms from Honda that make them just not work as a lease. Really low RV, high mf, poor lease incentives. The numbers just don’t add up on an hr-v specifically.
Now, it’s entirely possible that that is no longer the case, and suddenly it’s a reasonable deal… And by all means check, but I wouldn’t hold your breath.
You’ll want to read the leasing 101 section on here. Get RV/MF/incentives from the Edmunds forum for that model and trim in your zip code. Plug them in to the leasehackr calculator with some assumptions of a reasonable discount and see what kind of price range you get out of it. My guess is youll find it is cheaper to buy than lease.
Ok I read through some of the articles and went to Edmund’s calculator. I guess my only real question is how much of a discount to expect with Honda; it seems that 10-15% is the best scenario, if that?
And the car is for my 16 year old; she doesn’t need much and I don’t need to be in hock for her to have wheels. My assumption was that Honda is reliable and maintains a decent value for trade-in/lease end
Don’t use the Edmunds calculator, use the LH one. When I’ve looked at the Edmunds one in the past, it leaves a lot of fees and such out so it gives unreasonably low numbers. Edmunds is the place to go for RV/MF/incentives from the forum, but that’s it . 10% isn’t unreasonable. 15% probably is.
Honestly, you’re probably much better off buying a cpo one if you want an hr-v.
HR-V, hmm, let me save you the trouble, just buy it. Never seen a decent HR-V lease. They do hold value, so not a bad buy in my opinion. But personally I think the Honda civic hatchback is the better vehicle, and priced not much more.
You can get a Buick Encore lease for around $200 or less a month. Nothing like the $75 leases from a few years ago, but a pretty nice little run about for the money. On a lease for that price range that’s what I would recommend.