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Acura RSX Prices Paid and Buying Experience - READ ONLY

375 messages,  Last post on Feb 29, 2008 at 2:30 PM

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What is this discussion about? Acura RSX

Messages Page 32 of 38

#310 of 375 Re: Re: Acura RSX: Lease Questions by Car_man HOST

Sep 05, 2005 (12:57 pm)

Hi bedi. Acura's current lease program on the 2005 RSX is a pretty good deal. Not only are the residual values for Acuras usually fairly strong, but it is using a special lease money factor of .00040 to calculate the interest portion of this car's payment. This is equivalent to an interest rate of slightly under one percent. If you decide that you want this car, make sure to negotiate its selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The selling prices that are used to arrive at manufacturers' advertised lease payments can usually be beaten by consumers who shop around. Acura's current lease program for the RSX is only scheduled to run through September 6th. I have not seen what its new September program will be like, but should be able to give you an idea if you want to check back with me at the end of the week.
 
Car_man
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#311 of 375 Re: Re: Acura RSX: Lease Questions [Car_man] by bedi

Sep 06, 2005 (12:32 am)

Replying to: Car_man (Sep 05, 2005 12:57 pm)
Greeting Car_Man,
 
Interest rate slightly under one percent - good - very good.
 
Negotiate the selling price - OK.
However, I have found only one car.
When the monthly rate is set, $199/mo,
the capitalized cost is given as 18,201, and
the purchase at lease end is 11,4664.75 -
what is their relationship to the selling price -
are any of them fixed by the selling price?
 
Sept 6th is last day of the current offer.
 
Cheers,
b'

#312 of 375 Re: Re: Acura RSX: Lease Questions [bedi] by kyfdx HOST

Sep 06, 2005 (3:38 am)

Replying to: bedi (Sep 06, 2005 12:32 am)
The capititalized cost is the selling price.. Or, more accurately, it is the selling price, plus any additional costs not paid upfront, minus any downpayment. That is the number that is negotiable, and that will affect your payment.
 
The residual is a percentage of the MSRP, and is fixed by the leasing financial institution. It only varies by term and mileage of the lease.
 
The monthly rate is never "set". That is just their advertised deal.. It will vary according to the selling price that you negotiate. The lower the selling price you negotiate, the lower the payment.
 
Hope that helps,
kyfdx
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#313 of 375 Re: Re: Acura RSX: Lease Questions [kyfdx] by bedi

Sep 06, 2005 (8:03 am)

Replying to: kyfdx (Sep 06, 2005 3:38 am)
kyfdx,
Thank you, that's good info.
Please map it to the following figures given in the offer:
199/mo for 36 mos.
2,493 total due at lease signing
1,499 capitalized cost reduction
20,845 INCLUDES DEST. MSRP
18201.47 actual net capitalized cost
7,164 total monthly payment -36 mos
11,464.75 purchase at least end
 
Cheers,
b'

#314 of 375 Re: Acura RSX: Lease Questions by Car_man HOST

Sep 12, 2005 (3:14 am)

Hey bedi. I hate to say this, but it looks as though you have to renegotiate your deal if you didn't get your car yet because Acura's September program is completely different than its August program. Acura replaced the special lease money factor that it was providing on the 2005 RSX with $500 dealer cash. If you want to lease this car through AHFC in September you will have to use its standard lease program and hopefully negotiate a cap cost that is $500 lower. It did introduce lease support on the 2006 RSX. Let me know if you want informaiton on this new program.
 
Car_man
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#315 of 375 Re: Acura RSX: Lease Questions [Car_man] by brandi20

Sep 12, 2005 (2:36 pm)

Replying to: Car_man (Sep 12, 2005 3:14 am)
i leased my 2005 acura rxs back in may. i put exactly 2500 down and i am paying $256/month but i have leather and automatic. my lease is 12k per year for 3 years. at the end of the lease i can buy it for 12 something. i live in the tampa area. i just wanted to let everyone know about my deal, i think i got a good one. the original cost was like 246/month but it was about 10$ to add me to the lease (its in my grandmothers name) and i thought that was a good idea to get me some credit. its a real good car so far.

#316 of 375 Re: Acura RSX: Lease Questions by bray1

Sep 13, 2005 (10:30 pm)

Replying to: brandi20 (Sep 12, 2005 2:36 pm)
Hey,
 
I wanted to lease a 2005, but couldn't find any before Sept 6th (or since then for that matter). So I'm looking into a 2006 lease now. One quote I got was:
 
MSRP $20,895
Cap $19,900
Lease factor .00250
Residual 58%
 
36/12k
Per Month $302.17
Acq. fee $595
Reg & tags $179 ( 3yr )
De.tax $547
Due at signing $1623.17
 
So about $300/month with $1623 due at signing. Does this seem about right? Another dealer gave me about the same price. Anyone know if there's supposed to be some sort of lease deal for the 06 in the next couple of months? Thanks.

#317 of 375 Re: Acura RSX: Lease Questions [bray1] by bray1

Sep 14, 2005 (9:24 am)

Replying to: bray1 (Sep 13, 2005 10:30 pm)
Scratch that, I just saw the lease deal on acura.com for an 06 manual/cloth (what I was looking for):
 
$199/mo for 42 months
$2500 due at signing
 
That's a pretty good savings! Glad I didn't jump the gun on the other lease.

#318 of 375 Re: Re: Acura RSX: Lease Questions by Car_man HOST

Sep 15, 2005 (2:48 am)

Thanks for taking the time to share the details of your RSX lease with everyone, brandi20.
 
Car_man
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#319 of 375 Re: Re: Acura RSX: Lease Questions by Car_man HOST

Sep 15, 2005 (2:55 am)

Hi bray1. If I recall correctly, Acura's advertised lease on the 2006 RSX is based upon a selling price that is around $1,000 over dealer invoice. I suspect that if you shop around you will be able to get one for less than that, which would lower your car's lease payment a little bit. Also, Acura's advertised lease on this car assumes that you are making a $1,499 capitalized cost reduction. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your RSX would be exactly the same, regardless of whether you had put $1,500 down, or had made absolutely no down payment at all. Your car's lease payment will be a little higher with no money down though.
 
Car_man
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Messages Page 32 of 38

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