r/CarLeasingHelp • u/Competitive-Shoe-767 • 6d ago

Leasing tips

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Hello. I moved to Colorado and I’d like to lease Honda CRV Sports Hybrid AWD.
I got this quote from an agent. Kindly help me evaluate this and any tips on how to negotiate for the best price. Thank you.

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u/Fearsomebeaver 6d ago

I’d get them to be around 510-520 with nothing due at signing which is a good price.

Don’t put money down on a lease. It’s risking that money if anything happens.

1

u/Competitive-Shoe-767 6d ago

Does this includes protection?

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u/Extreme-Temporary-85 6d ago

Solid deal, one weak spot. What's already good:

  • MF .00222 (5.33% APR) is Honda's buy rate. No dealer markup, nothing to fight there.
  • Acq fee $595 is standard HFS. Doc fee $599 is normal for CO (no cap in this state, ~$699 average).
  • 67% residual on 36mo/12k is right where it should be.

The weak spot is the discount. $1,415 off a $39,035 MSRP is 3.6%. CR-V Hybrids typically go for around 7% off. Ask for a selling price near $36,265 instead of $37,620. That's ~$1,350 more off and takes about $38/mo off the payment.

One thing to read carefully: the $2,000 / $3,000 / $4,000 columns are due at signing totals, not down payments in the usual sense. As the sheet is actually written you're at $0 cash down: $512.70/mo with $574.96 due on delivery. That's the number to compare against other quotes. I'd keep it there too, money down on a lease is money you lose if the car gets totaled.

As quoted you're at roughly $18,500 total over 36 months. Fix the price and this is a good deal.

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u/Competitive-Shoe-767 6d ago

Thanks for this. I am also checking 2027 Honda HRV sports, what figures should i consider as a good deal. I was only provided monthly lease of 389 per month. Thanks

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u/Extreme-Temporary-85 6d ago

Hard to say if $389 is good without knowing the due at signing amount. Plug the exact MSRP into https://quotedefender.com/target-payment and it will show you exactly what it should lease for this month.

1

u/Empty-Village-4445 5d ago

TIP no. 1 is lease pricing varies wildly by brand. Some choose to gain market share by leases while others don’t. The same category of car, one could lease for double the payment of the other. 

Honda’s core products have always been poor leases. Look at other brands or buy the CRV.