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Honda’s advertised 2026 CR-V lease payments are lower than one current Toyota RAV4 example, but the offers differ in term, location and terms. Honda lists a 2026 CR-V AWD LX at $269 per month for 39 months with $4,899 due at signing in one ZIP-code result, and $279 per month with the same term and upfront amount in another. Toyota lists a 2026 RAV4 LE at $299 per month for 36 months with $3,999 due at signing in five states. Those offers make the CR-V worth a close local comparison; they do not prove Honda is hurting Toyota’s sales.
What the current CR-V and RAV4 lease offers show
Honda’s current-offers results are location-sensitive. For ZIP code 11218, Honda displayed a 2026 CR-V AWD LX at $269 per month for 39 months, with $4,899 due at signing. The same result also displayed another AWD LX offer at $289 per month for the same term and upfront amount. For ZIP code 30161, Honda displayed an AWD LX at $279 per month for 39 months, also with $4,899 due at signing. These are examples from the specified ZIP-code results, not a nationwide payment. Check the Honda offers for ZIP code 11218 and Honda offers for ZIP code 30161 for live local terms; the captured listings did not show all fine print or an expiration date.
Toyota’s offer page lists a 2026 RAV4 LE at $299 per month for 36 months, with $3,999 due at signing and an allowance of 10,000 miles per year. The offer is limited to Arkansas, Louisiana, Mississippi, Oklahoma and Texas, subject to credit approval and participating dealer inventory, and expires November 2, 2026. Toyota says the amount due at signing includes a $3,700 customer down payment and the first $299 payment. Taxes, title, license, registration, dealer options and charges are excluded. Excess mileage costs $0.15 per mile, and a $350 disposition fee is due at lease end. See Toyota’s RAV4 lease offer terms.
The lower advertised monthly payment is not enough to establish which lease is cheaper. The Honda examples run three months longer and require $900 more at signing than Toyota’s example; Honda’s captured listing does not state the mileage allowance or itemize its upfront amount. Those differences make a total-cost comparison incomplete without the local contract and full fees.
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How to compare the actual lease commitment
Before deciding, ask each dealer for a written quote on the same model year, trim and drivetrain, with the same annual mileage allowance and lease term where available. Compare these items side by side:
- Monthly payment and term: Multiply the payment by the number of scheduled months, then include the upfront amount and any fees not included in that amount. A shorter lease can have a higher monthly payment but fewer payments.
- Due at signing: Ask what the figure includes, including the first payment, down payment, acquisition fee and other charges. A larger upfront payment can make the advertised monthly figure look lower; confirm how much, if any, is refundable or credited if the vehicle is totaled or stolen.
- Mileage: Match the annual allowance to your driving. Toyota’s cited example allows 10,000 miles per year and charges $0.15 per mile over the allowance. Honda’s captured offer result does not state its mileage limit, so obtain it from the local offer terms.
- Taxes and fees: Confirm which taxes, registration costs, dealer charges and optional products are excluded from the advertised payment and amount due at signing. Toyota expressly excludes several such costs; Honda’s captured listing does not expose its complete fee details.
- Eligibility and availability: Verify the credit requirements, participating-dealer conditions, eligible inventory, ZIP-code offer, and expiration date. A displayed offer is not necessarily available for every buyer or vehicle.
Request an itemized lease worksheet from both dealers and compare the total scheduled payments plus required upfront and end-of-lease charges. Keep optional products and any trade-in equity separate so they do not obscure the lease’s cost.
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What the vehicle comparison adds—and what it doesn’t
Honda’s published comparison of the 2026 CR-V non-hybrid with the 2025 RAV4 non-hybrid lists maximum cargo capacity of 76.5 cubic feet for the CR-V and 69.8 cubic feet for the RAV4. It lists 190 horsepower for the CR-V and 203 horsepower for the RAV4, along with EPA fuel-economy figures by drive configuration. Honda’s comparison sheet is manufacturer material, compares different model years and should be read as Honda’s presentation, not independent testing.
Honda’s separate comparison of the 2026 CR-V Hybrid and 2025 RAV4 Hybrid also lists maximum cargo capacity at 76.5 versus 69.8 cubic feet. Its fuel-economy figures vary by drivetrain and trim: Honda lists 43/36/40 mpg city/highway/combined for the CR-V Hybrid 2WD, 40/34/37 for listed AWD trims, and 38/33/35 for the TrailSport Hybrid. For the RAV4 Hybrid, the sheet lists 41/38/40 for AWD, with a Woodland Edition exception. These figures and the model-year gap are presented in Honda’s hybrid comparison sheet; they are not an independent head-to-head test.
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Honda’s non-hybrid sheet calls the CR-V “the obvious way to go,” while its hybrid sheet calls the CR-V Hybrid “the top choice.” Both are Honda’s promotional conclusions, not neutral verdicts.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Do these deals show Honda is making things harder for Toyota?
They show that Honda has advertised CR-V lease examples with lower monthly payments than Toyota’s cited RAV4 offer in the stated markets. They do not establish a nationwide price advantage or show that Toyota’s sales, market position or dealer performance have been harmed. No independent statistic in the available material measures an effect of these CR-V offers on Toyota.
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The practical takeaway is local: if you are shopping in a market where both vehicles are available, compare written, itemized quotes on equivalent terms. A lower headline payment can attract attention, but location, mileage, upfront cash, fees, eligibility and inventory determine whether the specific lease works for you.
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