Reviews-at-a-Glance

Honda dealers, owners and other experts refer to our 2008 Honda CRV performance reviews for the most up to date specs and info.

Don't miss this month's 2008 Honda Pilot review and picture if you are looking for a comprehensive SUV analysis.

Before you lease a vehicle, complete the following worksheet so that you know exactly what you'll receive for your money and also know exactly how much you will owe at the end of the lease. Use our Amortization Schedule - Cost Calculator - Free Lease/Purchase Analysis. This will help in keeping the dealer honest.

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1. How much is due before you drive the car home?

VEHICLE:_____________________________________

Capitalized Cost Reduction, (downpayment) $_________

First Monthly Payment $_________

Security Deposit (refundable, and often waived)$_________

Title, Registration, and possible taxes$ _________

Initiation Fee? (often waived)$_________

A - Subtotal:$_________

Credits

1. Value of Trade-In:$_________(see BlueBook)

2. Rebates and Possible Credits: $_________

B - Subtotal:________

A minus B equals amount due at signing: _________ (#1)

2. How much are your Monthly Payments? (See below for details)

First Payment of $______ is due at signing,

and then Monthly Payments of $_______(use Amortization Schedule)

are due every month on _______ of each month.

Total of Monthly Payments: $_________ (#2)

(not counting first month paid at signing)

3.Total Cost of the Lease:

Amount due at Signing (#1): $_________

Total of Payments (#2): $_________

Total Annual Taxes (#3):$_________

TOTAL COST OF LEASE: (1+2+3) = $_________

When the Lease ends, how much do you pay?

Disposition Fee:$_________ (Charged if you don't buy the vehicle at the end of the lease.)

Early Termination Fee:$_________

(If you end the lease early, you may be charged as much as a few thousand dollars when you return the car, depending on how much time is left on the lease.)

Excess Wear and Tear: ____ cents per mile in excess of ____ miles per year.

(This is based on what the dealer considers normal use of the car.)

Purchase Option? The car can be purchased for $______ when the lease ends.

(Not all leases include this option)

Calculating the Monthly Payment Amount:

1. Negotiated Price of Vehicle:$_________(Negotiating Tips)

2. Gross Capitalized Cost:$_________

(Price plus all other charges such as taxes, insurance, service contracts)

3. Capitalized Cost Reduction:$_________

(Basically, downpayment from above, plus trade-in amount, cash payments and other credits)

4. Adjusted Capitalized Cost (#2 - #3):$_________

5. Residual Value of Vehicle:$_________(Determined by dealer, and should be negotiated)

6. Depreciation (#4 - #5):$_________

(The difference between the cost of the car at the beginning of the lease and the value at the end, basically Cap Cost minus Residual)

7. Rent Charge, basically the finance charge:$_________

8. Total covered by Monthly Payments (#6 + #7):_________

9. Lease Term (# of months):_________

10. Monthly Payments (#8 divided by #9)$_________

11. Monthly sales taxes or other monthly fees:$_________

12. Total Monthly Payment (#10 + #11):$______________