What is a good deal on Honda CRV EX-L in Southern California

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1

Hey Guys,
What is a good deal on Honda CRV EX-L model in SoCal?

I saw an ad in one of the honda dealers which has $229 for 36 months and 12K miles. Details below.

(1) Closed-end lease for 36 months. $2,908 (cash or trade equity) plus government fees and taxes due at signing. On above average credit approval through American Honda Finance. $0 Security Deposit, 36,000 total miles, $0.15 per excess miles. Offer valid through the close of business on 01/02/2020.

Is this any good? I know I am asking EX-L but this is for EX. I was thinking in this ratio, an EX-L will not be more than $259. Is this calculation right?

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2

If it’s in an advertisement, it isn’t a good deal

3

Sorry, I don’t understand. The whole spreadsheet here in Leasehackr seems to have some form of an advertisement - https://docs.google.com/spreadsheets/d/1umDeoT3MmegbWBp81APoP8FMBWJJmdkMCIMzxTeRL0M/edit#gid=735133017

4

Let me rephrase. If it’s a dealer advertisement in their website, the chances of it being anywhere near a good deal is very low.

This one is no exception. You look and see $229 and think “wow, so cheap!”.

But by the time you add in tax and fees, you’re at $250 a month with $4k das or about $360 a month with $0 das. That’s not even a good deal for an ex-l, much less an ex.

1 Like
5

Got it. Thank you very much.

What is the recommended so I can haggle with the dealer :slight_smile: ?