Automotive

Looking to Lease - Honda CRV EX AWD

  • Last Updated:
  • Apr 29th, 2019 1:20 pm
[OP]
Newbie
Jun 7, 2009
21 posts
4 upvotes
Toronto

Looking to Lease - Honda CRV EX AWD

So like others here I'm in the market to lease a new small SUV. I like the idea of the Rav4 Hybrid, but those won't be around until March. I looked at reports
on similar vehicles like the Tiguan or the Rogue and don't like some of their numbers. So I'm going to go with a safe, boring choice.

The dealer in Kitchener is offering the car for $40,510.44 with a 48 month lease (24000 KM/Year) of $258.66 biweekly.

What have others found on their searches? I was hoping to get him down to around $230 biweekly and can get that on an LX model but I want some of the features of the EX. Are the $258 to $230 numbers too far apart to be able to make the deal? What would be more reasonable for the price of the car? Unhaggle says the Dealer price of the car + Taxes + Fees + 7 % Profit = 39645.25. so there's a bit of leeway if they want to reduce about $1000 off the car and reduce their profit from 7% to around 4.5%

Opinions?
Last edited by Retro2009 on Jan 25th, 2019 4:01 pm, edited 1 time in total.
49 replies
Deal Addict
User avatar
Jan 27, 2014
4477 posts
1557 upvotes
How is the deal structured? $258 taxes in? Any down payment? Dealer fees? What's due up front?
[OP]
Newbie
Jun 7, 2009
21 posts
4 upvotes
Toronto
$258 is taxes in...no down payment... and I'm guessing firs payment + licensing due up front, I didn't get that far down the rabbit hole..

no matter how much detail you have..you've always missed some.. and 3.99% lease rate.
Newbie
Aug 28, 2017
10 posts
1 upvote
that's really good deal for monthly tax included...but it seems way too cheap, are you sure that's not bi weekly?
[OP]
Newbie
Jun 7, 2009
21 posts
4 upvotes
Toronto
Holy crap. I'm going senile. I did not say that was biweekly. Thank you for pointing that out. I edited the original post.
Deal Addict
Jan 15, 2017
2543 posts
1866 upvotes
That’s basically full MSRP. When I build it on their site, I get 257.08 biweekly. Definitely room for negotiation. Do you need 24,000 km a year? Do you need a 4 year lease on a vehicle with a 3 year warranty?
[OP]
Newbie
Jun 7, 2009
21 posts
4 upvotes
Toronto
Yeah, I saw that on the website. I like the 24K leases as I have gone over in the past but didn't take a huge hit because of the 24K allocation. The payment on a 36 month lease is even higher.

How much wiggle room is the question and what can I reasonably expect with an end of month purchase?
Penalty Box
Nov 8, 2017
2192 posts
673 upvotes
Every Honda comes with a 5 year powertrain warranty (new vehicle).
Newbie
Feb 15, 2003
72 posts
46 upvotes
$240-245 bi-weekly would be a realistic payment ($1000-1500 off). $258 is just MSRP
Deal Addict
Oct 6, 2015
2154 posts
1141 upvotes
Certainly review the threads concerning the 1.5L turbocharged engine and its alleged problems.

Its not too hard to find the previous generation, with the proven-to-be very reliable K24 engine, minorly used, in the $20k range. For what you're proposing to pay for a lease, you could have such a vehicle pretty much paid off.
Penalty Box
Nov 8, 2017
2192 posts
673 upvotes
burnt69 wrote:
Jan 26th, 2019 4:39 am
Certainly review the threads concerning the 1.5L turbocharged engine and its alleged problems.

Its not too hard to find the previous generation, with the proven-to-be very reliable K24 engine, minorly used, in the $20k range. For what you're proposing to pay for a lease, you could have such a vehicle pretty much paid off.
Any example @similar monthly payments??? Will it include features from current gen.??
[OP]
Newbie
Jun 7, 2009
21 posts
4 upvotes
Toronto
Just closing this loop...

I ended up signing the lease agreement very close to the month end.. worked a discount to end up paying $235 taxes in- biweekly one a 48 month lease.. The deal ended up working to a $1950 discount on the car before taxes. That's very close to my initial $230/biweekly ask.

All in all I'm pretty happy.. good luck for those car hunting..
Deal Guru
Jan 15, 2006
12501 posts
8666 upvotes
Richmond Hill
Nice. Good luck with the fuel dilution though.
Sr. Member
May 6, 2013
703 posts
243 upvotes
Toronto
EP32k2 wrote:
Jan 29th, 2019 8:24 pm
Nice. Good luck with the fuel dilution though.
Its a lease, who cares?
Deal Fanatic
May 1, 2012
8638 posts
6280 upvotes
Markham
RSXPrem wrote:
Jan 30th, 2019 10:20 am
Its a lease, who cares?
OP likes the car and there's no real way for OP to find out about the fuel dilution issue. OP buys the car at the end of the lease, because why not? Problem.

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