09 Honda CR-V Lease Rates – May 2009

Published 2009/05/13 by G

logo_honda My Take: I’m on a roll here, aren’t I? The next victim would be the Honda CR-V. Excellent compact SUV, probably wouldn’t mind getting one myself. But I don’t think I would be leasing one any time soon. 0.0250 or 6% APR is a bit too high for my tastes. Surely the high residual value helps offset the high money factor, but I think the moons and the stars have not aligned properly to make this a “must lease” this month. The only good news about the CR-V is that invoice pricing (or below) should be attainable in most areas with decent competition. There is $500 dealer cash available (not much in the grand scheme of things) and purchase financing options are around 5.99% for 60 months, which is crap in all honesty. If you buy, pay cash. Otherwise maybe lease for 24/36 months if you REALLY have to. Personally, I would wait to see what the month June brings.

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2009 Honda CR-V

The Wall: Allan P’s Honda Accord EX-L V6 Sedan

Published 2009/05/082010/09/09 by G

Name: Allan P.
Location: Miami Beach, Florida
What He’s Got: 2009 Honda Accord 4 door, EX-L Six cylinder, Polished Gun Metal/Gray Leather Interior.
What It Cost: 36 months, 12,000 miles per year, total cash out of pocket $ 595.00 includes 1st month plus other fees, total payment including 7% sales tax $ 343.00/month.

My Take: $595 at drive-off?? NICE! Top of the line Accord EX-L V6 is nearly $30k MSRP! For those looking at the Acura TSX. I think this deal seems to be better. Less money upfront, more or less the same amount per month. Plus you get a V6 too boot! Well done Allan!

UPDATE: Got the pics from Allan today and I have to say, this car looks pretty sweet in polished gun metal. I always liked the dark great look. Sweet ride Allan.

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09 Honda Accord, Odyssey Lease Rates – April 2009

Published 2009/04/23 by G

logo_honda My Take: It’s rather funny how most people associate “high resale value” with all of Honda’s cars when in reality, only a select few retain their value well. Take the Odyssey for example, this is probably the best minivan on the road, yet its residual value is a paltry 46% after 36 months. Lease residual values may poor guestimates of real resale value, but there is still some truth to them (In most cases, resale are that much better while trade-in values are much worse). The only two rides that hold value exceptionally well are the Civic and the Accord, since they are fairly inexpensive and highly sought after. Normally, I would take the time to calculate the payment estimates for these two rides, but with the money factors this high, I would recommend that you look into a purchase instead of a lease.

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2009 Honda Accord

2009 Honda Odyssey

09 Honda Accord, Pilot Lease Rates – March 2009

Published 2009/03/182009/03/25 by G

logo_honda My Take: Edmunds suggests a sale price of a few hundred under invoice on the Accord EX-L V6. There is $1000 dealer cash on this Accord, so I think you should get more than “just” a few hundred off invoice. If you manage that, you would be looking at $351 + tax on a 36-month/15k mile lease instead of $381 per month (assuming you pay all inception fees at signing).

The Pilot suffers from weak residual values, so you should consider buying it out at lease end (since you would have paid more than half of the car off already). If you don’t, its okay too. Honda has one of the best lease programs out there, so as long as you keep you miles within your contract and treat it well, you can return it without any penalties. There is $1500 dealer cash on the 4WD EX model, so be sure to factor that into your negotiations.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Honda Accord Sedan EX-L V6	$26,684	$29,375	$442	$381	$560	$462
09 Honda Pilot 4WD EX	$29,747	$32,765	$534	$440	$664	$529

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.
No rebates/incentives applied

2009 Honda Accord

2009 Honda Pilot

February DO NOT LEASE List

Published 2009/02/252009/02/24 by G

February 2009’s DO NOT LEASE list. What qualifies a car on this list? Simple, the residual value needs to be dip well below 50% over 36 months, the money factor needs to be higher than .00200 or 4.8% APR and cash rebates are either nonexistant or only available to a select few. Check this list often because I will be adding more models as I encounter more and more crappy lease rates.

2009 Mercedes SL550

* Money factor too high, residual too low, car too expensive.

2009 Mercedes S

* Money factor too high, residual too low, car too expensive.

2009 Honda Ridgeline

* I don’t think Honda is looking to move the Ridgeline through leasing any time soon.

2009 Mercedes R350

* This isn’t actually too bad, but I don’t like the pricetag or the residual.

2009 Mercedes ML

* The ML350 is nice, but the ML320 is nicer. I’d skip these or just buy them.

2009 Mercedes GL

* The GL450 isn’t too bad actually, but skip the GL550

2009 Mercedes G

* BUY IT, otherwise, look elsewhere.

2009 Mercedes E

* Residuals are horrid. I recommend buying.

2009 Mercedes CLS

* CLS550 a borderline MAYBE. AMG model would be a BUY recommendation.

2009 Mercedes CLK

* CLK money factors are low, but so are the residuals. BUY.

2009 Mercedes CL

* Money factors too high, residuals too low. BUY candidate.

2009 Audi TT

* I’d buy a TT, not so sure about leasing one unless there’s a lot of discounts.

2009 Audi Q7

* If there a lot of discounts to offset the low residual, I wouldn’t touch this car with the “leasing” stick..

2009 Audi A8/S8 3.6

* Just buy it already…

2008 Cayman

* Buy it, its a Porsche anyway, you might get some decent cash discounts since its a 2008 model.

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09 Honda Pilot Lease Rates for January 2009

Published 2009/01/162009/01/16 by G

My Take: Edmund’s TMV suggests the Pilot can be had for around $776 under invoice price (on the EX AWD model), I am willing to bet that that number also applies to the other trims as well (there is around $1500 dealer cash available). This is probably the one and only reason why I didn’t put this SUV into the DO NOT LEASE list. The residual value is quite terrible, but the MF is decent, allowing this SUV to make the cut. Keep in mind I didn’t factor in the dealer cash on my calculations, which means you can probably go lower than my lower calculated price. If you don’t need 15k miles per year (I normally don’t), you can get a 2% residual increase, shaving off another $15-$20 off your monthly payment on your 36-month lease. Good stuff huh?

			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Honda Pilot 4WD EX	$29,657	$32,665	$545	$439	$675	$527

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.

2008/2009 Lexus IS January Lease Rates

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

09 Honda Accord Lease Rates for January 2009

Published 2009/01/15 by G

My Take: Doesn’t seem Honda is providing much support on the Accord this month. The positive news is that despite the high money factor, the residual value of the Accord is still high enough to make this lease relatively reasonable. There is also $1000 dealer cash available, so remember that during your negotiations. Lastly, Edmund’s TMV suggests a sale price of $364 below invoice on the EX V6, so keep that in mind as well. Remember, stick to the 36 month lease because Honda only offers bumper-to-bumper warranty for up to 3 years. I love Honda’s leasing program because it always includes GAP coverage, $1500 damage waiver and no disposition fees. Same goes with Acura leases.

			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Honda Accord Sedan EX V6	$24,651	$27,125	$389	$360	$499	$436

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.

2009 Honda Accord January Lease Rates

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

09 Honda CR-V Lease Rates for December 2008

Published 2008/12/22 by G

My Take: The money factor is a bit high on the CR-V, but that isn’t unexpected. The good news is that the residual value is very high and you probably don’t have to pay full MSRP for this car. Special financing is also available so be sure to take a look at that. I believe it’s 3.9% for up to 60 months. There’s a college graduate program as well, but it isn’t really worth mentioning since the APR is a bit high.

			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Honda CR-V 4WD EX	$23,508	$25,215	$371	$340	$448	$392

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.

2009 Honda CR-V December Lease Rates

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

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