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By Jason Tushinski
Updated on Jun 27, 2022
Reviewed by Jessica Barrett, Senior Editor.
A Honda CR-V EX costs between $432 and $516 per month to lease, depending on the trim level, any options added, the purchase price, the down payment amount, your credit score, your purchase location, and other factors.
The Honda CR-V EX is a sleek-yet-dependable compact crossover SUV, offering drivers both style and practicality since the CR-V was unveiled back in 1996. If you’re looking to get behind the wheel of a CR-V EX without the hassle of a car loan, then a lease could be just the ticket for you.
While leasing does have more restrictions than buying a vehicle with a car loan, a leased car can be a great deal—you’re driving a car in its prime years with a lower monthly payment, and you can trade it in for another new vehicle (or walk away) once your lease term is up.
Ready to see if a CR-V EX lease is for you? The car insurance broker and comparison shopping app Jerry has put together everything you need to know about leasing a Honda CR-V EX, as well as what you’ll need to take care of once that lease is up.
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How to lease a Honda CR-V EX
Leasing a car is a pretty straightforward process, so long as you’ve got your financial ducks in a row. Follow this checklist, and you’ll be able to get yourself a great lease:
- First, check your credit score: You want to make sure your credit score is 660 or higher—this will ensure you get the best deal possible for your lease. If your credit isn’t in this range yet, consider waiting until it has improved before leasing a car.
- Determine your leasing budget: You’ll want a monthly payment that takes up no more than 15% of your monthly income. If you make $4,000 a month, you’ll want your lease payments to be no higher than $600 per month. If you can trim that down to $400 per month, you’re doing even better.
- How much can you pay up front? The more you can put into your down payment, the lower your monthly lease fees will be. If you don’t think you can put down much in terms of a down payment, consider waiting and saving to ensure that the money you do put down (eventually) makes a difference.
- What’s your annual mileage? Think about how much you drive, and what your annual mileage might be. If you drive a lot and take long trips, you’ll want to make sure your mileage limit can accommodate all that driving. If you’re just looking to commute, a lower annual mileage limit should work just fine.
Once your financial situation is figured out, feel free to head to your local Honda dealership and compare lease offers. If you have the right budget, this will help you negotiate from a position of strength, ensuring you walk out of that dealership with a leased CR-V EX at a price that works for you.
The final step: shop for insurance
Of course, once you decide on your leased CR-V EX, you’ll need to insure your ride before hitting the road, and naturally, Jerry can help you with that! Sign-up takes just 45 seconds, and this car insurance broker and comparison shopping app gets to work comparing quotes from the country’s top insurance companies to ensure you get the best policy possible at the lowest rate!
How much does a Honda CR-V EX lease cost?
On average, it will cost you between $432 and $516 per month to lease a new CR-V EX.
Of course, the exact monthly lease cost will depend on a slew of factors, including your credit score, the size of the down payment you're able to make, and your lease term. The location where you make your purchase, as well as the time of year, can also impact your lease costs.
Trim level is by far one of the most significant factors that will influence your monthly payments. You’ll certainly save money by sticking with the base EX 2WD-CVT, but your costs will go up if you choose either of the Hybrid trims at the top of the trim ladder.
The following shows how your monthly payment and down payment at signing will change depending on which CR-V trim you go for. To keep things clear, we’ll assume you have excellent credit (above 660) and you’re able to plunk down $1,500 at signing on a 36-month lease with an annual limit of 12,000 miles.
|Trim level||Monthly payment||Amount due at signing|
|EX 2WD CVT||$432 per month||$432|
|EX AWD CVT||$454 per month||$454|
|EX-L 2WD CVT||$471 per month||$471|
|EX-L AWD CVT||$490 per month||$490|
|Hybrid EX AWD E-CVT||$470 per month||$1,065|
|Hybrid EX-L E-CVT||$516 per month||$1, 111|
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Another big factor in determining your lease payments is your credit score. The following table will show you how your credit score will impact your payments for the CR-V EX 2WD CVT (the base trim), based on a down payment of $1,500, a 36-month lease term, and a 12,000-mile annual limit.
|Credit score||Monthly payment|
|520 to 609||$649|
|610 to 649||$555|
|650 to 689||$472|
Services included in a Honda CR-V EX lease
If you lease a Honda CR-V EX, your CR-V EX will be covered under Honda’s Limited Warranty, which runs for 3 years or 36,000 miles, whichever comes first. This is referred to as bumper-to-bumper coverage, and includes the following:
- The repair or replacement of any defective part due to workmanship or materials
- Repair or replacement of faulty 12-volt battery
- Replacement batteries for key fobs and remotes (first 6 months only)
- Repair or replacement of faulty wiper blade inserts (first 6 months only)
- Tire alignment and wheel balancing (first 12 months or first 12,000 miles)
- Replacement of air conditioner refrigerant (first 2 years or 24,000 miles)
Keep in mind—routine maintenance procedures such as oil changes are not covered under Honda’s limited warranty.
What to do when your Honda CR-V EX lease is up
Once your Honda CR-V EX lease is up, you have the following options in terms of what to do next:
- Return your Honda and lease a new vehicle (a CR-V or another Honda)
- Consult the Honda checklist and then turn in your vehicle
- Request a payoff quote if you want to purchase your leased CR-V EX
How to return a leased Honda CR-V EX
If you’re ready to move on from your recently-expired Honda CR-V EX, return the car once the lease is up—make sure you’ve followed Honda’s checklist before doing so.
The first thing you want to do before turning in your CR-V is to check for wear and tear. Honda’s lease-end guide lays out what is acceptable in terms of wear and tear. If there’s anything deemed to be beyond Honda’s own Excess Wear and Use Waiver, you’ll have to pay to repair that damage.
Once you’ve made any necessary repairs, schedule an appointment to get the CR-V EX inspected by Honda. This is provided free by Honda, but make sure to schedule this two months before your last lease payment is due.
How to purchase a leased Honda CR-V EX
If you want to purchase your CR-V EX once the lease is up, you can do so. Follow these steps:
- Contact Honda Financial Services to get a payoff quote
- Get in touch with Honda’s Lease Maturity Center and inform them that you plan on buying your leased vehicle
- Mail your full payoff amount along with a dated and signed Odometer Disclosure Statement & Title Release to Honda Finance
- If there is no outstanding balance, your new title will be mailed to you once the final payment has been received
- You must re-register the vehicle at the DMV with the new title, and it must be registered in your name
“Jerry was easy to use, and they saved me a lot of money on my truck. I would definitely recommend them.” —Johannes T.
How to find the best car insurance for a Honda CR-V EX lease
Whether you’re buying or leasing a Honda CR-V EX, you’ll want to protect your ride with a robust car insurance policy by using Jerry!
Sign-up takes just 45 seconds, and then this car insurance broker and comparison shopping app gets to work comparing the most competitive quotes from more than 50 insurance companies to ensure you get the best deal possible—at the best price.
Once you pick your new policy, Jerry will sign you up for that new policy and help cancel your old one. Better yet, Jerry automatically searches for better rates on your behalf before every renewal period.
Best of all? Jerry users save an average of $887 per year on car insurance!
“This was and is great service! Jerry saved me $400 on my renewal. I was super shocked!” —Jackson M.
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