If you are considering a new Honda CR-V I suggest being very careful of the price. A friend and I were checking out USA vs Canadian prices and found the CR-V is at least 35% more (1.35) in Canada. That's an exchange rate from several years ago and results it a huge price premium. A reasonable rate for the 2007 model year would have about 1.15 to 1.20. For the 2008 model year 1.1 to 1.5 would be reasonable. Eventually Honda will have to adjust their CDN prices and that will result in a sudden depreciation of their used cars. If you don't plan to keep your Honda car for 7 to 10 years, leasing may be a way to protect your investment from possible high depreciation when Honda eventually adjusts their prices, because it looks like the CDN$ will continue rising in relation to the US$. I'm sure there are other vehicle makes showing the same stale US/CDN exchange rate in their pricing.
