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You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Acura TSX, Sedan
#4756 of 5064 Re: post tsunami? [m6user]
Mar 26, 2011 (1:01 am)
Well, so much for common sense. I just drove in from San Antonio after leasing an Acura for another three years. I was given the option of leasing a 2011 TSX with tech for well under $300 OTD after credit for returning my '08 lease. My current payments were $374 on an '08 without tech. Maybe I was paying too much.
Part of the reason I was given the above price was that I turned in my '08 TSX lease to them which they valued at more than $1600 as a trade-in. The Austin dealer said they couldn't possibly do better than $456 on a 2010 and that my lease return had absolutely no value because of the "unknowns of the situation in Japan." Tell me that's not profiteering.
Cost of living is higher in San Antonio than Austin, but does that justify a premium of over 5K over the three-year lease period for a 2010 as opposed to what I was quoted for a 2011? I think not. The San Antonio salesman said that they were having to look at the realities of what the Japanese disaster was going to mean for them, but he just shook his head when I told him about the previous quote.
I ended up leaving with a TL with tech for under $350 OTD after trade-in allowance for a car with an MSRP pushing 39K. I love my TSX and really wanted another one, but I couldn't pass up that deal on a lease. There's a lot to read about opinions on the 2011 TL, but for $347 with nothing down, I was willing to give it a try.
The above is the kind of help I'm looking for on the Edmunds forums--not a sophomoric lesson in economics. There's so much to learn on Edmunds about what dealers know that we don't. I'm thankful for that. One of the things I learned is that some dealers will use a human tragedy to unreasonably, IMO, increase their profit margin. I hope this post was helpful to some. For those it wasn't--Whatever. BTW, the San Antonio dealer was Nathan Gunn Acura.
#4757 of 5064 Re: post tsunami? [sandman_6472]
Mar 26, 2011 (1:14 am)
Wasn't trying to make a "killing," at all. I just was asking for help on how to get a fair deal. Read my above posts. I think both the salesman and I were very happy with where we ended up. If there's a way to post a private message, let me know, or actually, I think he would be happy to have it posted here. I'd be happy to give you his contact info and you can ask him yourself. I think both of us were happy with the process and neither felt like the other was being taken advantage of. I'd like to think this is not out of the ordinary in the business of car leasing and purchasing.
#4758 of 5064 Re: 2011 TSX base model, no option added. [irvineca]
Mar 26, 2011 (4:00 am)
That's actually part of being a member here on TH. This way someone in your area can try and get the same deal you did. It is part of the research process & the power of edmunds. You CAN post the dealership name, but CANNOT post the name of the salesperson you dealt with.
#4759 of 5064 Re: post tsunami? [wbarmore]
Mar 26, 2011 (4:03 am)
Nice deal. You'll be happy with the TL. Did you get it with the TECH pkg? That's a fantastic price on a car with MSRP in the upper $30K range.
That's also the nice thing about leasing. Sometimes the deal on a more expensive car is just too good to pass up, especially for 3 years. As long as you stay within the mileage parameters, then leasing is smart.
#4760 of 5064 Re: post tsunami? [wbarmore]
Mar 26, 2011 (7:20 am)
--not a sophomoric lesson in economics
Evidenced by your sophomoric question "is this legit", I admit I gave a fairly sophomoric answer. It's blatantly obvious that Acura dealers immediatley asking full MSRP because of the disaster is ridiculous. Based on that, I thought I was giving a helpful answer. It wasn't what you were looking for and I said I was sorry. You don't have to beat it into the ground unless you wish to carry a chip on your shoulder.
Mar 26, 2011 (8:04 am)
Let's just move on...
New members have to get used to us, and regular members have to remember that not everyone has been here, forever..
People come to Edmunds because we are known for being friendly!
So, congrats on the new TSX! And, nyccarguy? Being happy with your deal, does not make it a good one... lol..
#4762 of 5064 Way back in 2007 - Leasing
Mar 26, 2011 (8:09 am)
Way back in 2007, my wife and I were looking to lease a car for us, our son, & all the stuff that babies come with. Her 2000 Mazda Protege & my 2001 Honda Prelude Type SH just wouldn't cut the mustard. Obviously since she was going to be doing most of the baby driving, we'd ditch her ride.
We were looking for something with a big back seat to accomodate a rear facing car seat (without the front passenger's knees on the dash), a large trunk or cargo area (For the stroller, diaper bag, pack n' play...), automatic, FWD or 4/AWD, & a cheap payment.
leasing appealed to us because in 3 years, when the lease was up, we might need a bigger vehicle if our family expanded (which it did, 2 1/2 years later).
The car we had out hearts set on was a VW Passat Wagon. I sent an email out to a few dealers in my area & 1 had the exact car & color combo we were looking for. The sales woman even sent via email all the lease parameters I requested & not just an autoreply. She said to please stop by or call her to fill out a credit app just so we could "lock in" the June lease rates because VW's "program" for the month pushed leasing.
I didn't get the email until after they closed on Saturday. So Monday when we go and test drive the car, our saleswoman sits us down and says the new numbers just came across her desk & we're not going to like them. The price she quoted me over email was I think $312/month for 36 months with $0 Cap Cost Reduction & Taxes included. The new payment (because they were pushing cheap financing over leasing during the current month) was now somewhere around $440 per month which I didn't think was a "good deal" for a $28K Passat Wagon.
Mar 26, 2011 (8:22 am)
We ended up leasing a 2007 BMW X3 with Metallic Paint, Heated Front Seats, & rear privacy glass for $471.67/ month for 3 years & 15K miles per year. We LOVED every second of that truck & I regret NOT buying it out at the end of the lease.
What does this have to do with the Acura TSX you ask? We ended up driving the X3 SO MUCH that when cash 4 clunkers rolled around, it was well worth it to take advantage of the $3500 rebate I got (from my 1990 BMW 325i that barely ran) + I'd have rather spent money on a new car rather than pay BMWFS the whatever overmileage charges I would accure. So I bought the TSX.
Mar 26, 2011 (10:03 am)
very funny my friend!
#4765 of 5064 Re: post tsunami? [nyccarguy]
Mar 26, 2011 (1:43 pm)
Thanks, nycdarguy. I did get the tech package. Once I had popped in a couple of my favorites cds, I had the nicest 90 mile trip home that it's possible to have on I35.
And you're right about the lease. My intention originally was to go with a TSX tech either as a buy or a lease. All TSXes in exterior colors I was interested in had ebony interiors, and not having a garage I didn't want the sun beating down on a car with a dark interior. There was a TL with a color combination I liked. I would never have bought a gas thirsty V6 with the accompanying MSRP, but with the lease deal, I will be a happy driver for three years. My monthly lease payments are less than those on my previous TSX base lease.
The lease deals on the TSX were also good. I believe the base model would have been $277 OTD with nothing down except the car I drove in. The tech package was only $10 more per month--$360 over the term of the lease. That surprised both me and the salesman.
The dealership was obviously ready to move some cars last night honoring prices given a week ago, no haggling at all.