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Prices Paid: Buying & Leasing Experiences Acura TSX Prices Paid and Buying Experience
4319 messages, Last post on Nov 07, 2009 at 6:29 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jdr10 (Dec 31, 2008 8:34 am) But... to answer a few of your questions... You did pretty well on the selling price, it seems.. But, the $595 + $895 for the alarm and remote start? You'd have to want these pretty bad for this to make good sense on a lease. Since neither of those things are residualized, you pay the full amount over the 36 months of the lease.. That added around $45/mo. to your lease cost. Probably your biggest mistake. There are lots of reasons for not putting money down on a lease... but, it doesn't really cost you any more, assuming you don't lose the car to accident or theft early in the lease... But, an easy way to get the real monthly cost of the lease, is to divide your upfront payment, minus the first payment, by the term. $4973 - $320 = $4653 / 36mo. = $130/mo. approx.. $320/mo. + $130/mo. = $450/mo.. That seems pretty high.. but, if you deducted the $45/mo. for the alarm/remote start, you'd be at $405/mo. with nothing upfront but first payment... Not a great price, but decent for a $30K car.. Also, to answer your other question.. the "rent charge" is the finance portion of the lease payment... The interest, for lack of a better term.. (Depreciation + Finance charge + Tax) / term = lease payment. Hope that helps, kyfdx |
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Replying to: mittbb (Dec 23, 2008 3:13 pm)
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Hello, Can anyone tell me if they've gotten a good deal on a TSX w/o Tech in Southwest Florida? I'm having a tough time getting the dealers to budge below $28K. Thanks. |
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Got the dealer to this point... Is it a good deal? '09 TSX base, automatic and no extras for 27,720 Plus 835 local taxes, 389 other fees, 69 title fees = 29,013 total cash price delivered. I'm thinking I should still be able to drive it home for 27,000 (plus tax/doc/title). Thoughts please?
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Leased a base TSX with no add-ons MSRP was $29,720 Invoice was $27,381 Paid $26,777 ($604 below invoice) All I paid at closing was the acquisition fee, 1st month's payment plus doc/title fees. For a 36 month lease 15K miles per year (using mf of 0.00263 and residual of 62%) that came out to $350.84 plus tax. Acura's (actually Honda's) fiscal year ends midnight 1/5/09. Happy shopping! Note: 6 other dealers would not match this price, one would but he had added accessories.
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Replying to: drtravel (Jan 03, 2009 9:02 am) I'm unclear how you're coming to this monthly price. I come up with $379.35/month when I use your numbers. |
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Replying to: darknightx13 (Jan 03, 2009 1:32 pm) (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Money Factor = Interest Depreciation + Interest = Base Monthly Payment Residual value is 0.62 X 29720 = 18426.40 (26777-18426.40)/36 = 231.96 (26777+18426.40) X 0.00263 = 118.89 231.96 + 118.89 = 350.85 (plus tax) Those are the exact same numbers that the dealer came up with.
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Replying to: drtravel (Jan 03, 2009 2:14 pm)
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Replying to: darknightx13 (Jan 03, 2009 11:06 pm) |
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Replying to: dwr3 (Jan 02, 2009 6:35 pm) I got $27,800 with tech package (before tax, title, lic, and destination). |
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