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Prices Paid: Buying & Leasing Experiences Acura TL Prices Paid and Buying Experience
9717 messages, Last post on Oct 07, 2008 at 12:11 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
Last night I went to Criswell Acura in Annapolis and had a great test drive. I stated earlier that I have always been a "Honda" man, so when I got in this car I felt right at home. It just fit me perfectly, and wow!, what a fantastic all-around great automobile. It was love at first drive. Unfortunately, they would not give me one penny of the $2,000 cash from Acura toward my purchase price; they were dead set on "invoice". I called the guy from Radley Acura in Falls Church, VA as soon as I left Criswell and told him the color I wanted (carbon bronze over taupe) and they had it in stock. He quoted me $33,837 which equates to invoice minus the $2,000. I asked for a ballpark figure on my trade and what the doc fees were. He said "come in tomorrow and we'll get it done". Yes, they are open on Sunday halleluya! I went today and haggled a bit over my trade, but in the end saved almost $900 versus the best deal from Criswell. This is a GREAT car at a GREAT price right now. I paid $33,700 including destination because he misquoted the doc fees and I made him eat the difference (well half the difference to be exact, about $125). All-in-all, a great experience from Hadley and I am the happy owner of a new '08 TL-S! Thanks to everyone who posts and is willing to share solid information on these forums. I'll post my ownership experience after a few more miles, but I couldn't be happier.
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Replying to: peednas (Dec 15, 2007 1:01 am) Invoice with destination on a 08 Type-S TL is $35,852 and there is $2k of trunk money for the dealer. With a little bit of leg work, you should be able to get to around $1,500 below cost if you get multiple quotes. Good luck 
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Replying to: brunna (Dec 16, 2007 8:51 pm) did you use the Acura financing rates or did you just take in your own check? I was under the impression that you CAN'T use that $2000 dealer cash on a LEASE, but you might be able to do it and STILL use their low APR rates.... how did you do it. nice deal BTW!
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I finally got TL S with navigation for invoice price ($33998) - $1700 (dealer cash discount) = $32298 + tax + license .. this is inclusive of destination charge.. .. I did get 4.9% financing too..I hope this info is helpful to someone who is thinking of buying TL S.. at the beginning of the talks I mentioned that I went to other dealer and I gave him the figures.. Once he heard the exact invoice price, the expression on his face changed significantly..
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ok. i'm not a finance guy... so some of you may have to set me straight on what the "smart" "money savvy" people do..but here is my basic analysis. i can buy the TL-S or lease it. if I BUY it, I can get the $2000 off the purchase price and get the cost of the car down to $33700 or so. current rates are around 5%. I'd finance for 60 months. If I LEASE, the MF = .00081. the cap cost would be $2000 higher since I'd be taking advantage of the super low MF. so taking into account the difference in price vs whether I buy or lease... I come up wtiha basic lease where I Put down $1000, finance at 4.9% over 60 months, and get a pyament of $675 if I lease, for 36 months, and put down $1000 only, I geta lease payment of: $489. that figure is WITH tax. so $489 for 36 months. OR $675 for 60 months. if you add up all the payments over 60 months, the total paid = $40,500. if you add up the 36 months of lease payments and then ADD in the residual value, you get $39021. so it's actually $1500 cheaper to lease it than buy?!? obviously, the guy who leases, and CAN'T pony up 21k over the next two years will have to pay even more in term sof fees/finance costs pushign the overall cost up to or more than the guy who just bought it over 60 months. here has been my big "beef" with financing. and keep in mind, this problem only applies to people (like me) who are financing most of the purchase price. if you have 20k to put down, this doen'st really apply. for the average joe to keep payments in the 4-500 range, you need to go out to 60-72 months for financing. so now you have this loan you will have to live with for 5-6 years, but the warranty runs out at around 4 years. so in year 4,5,6 you are paying FOR the car AND you will buy fixing stuff. even on an Acura, stuff is going to wear out and require repairs. some of these are not cheap. so you wind up spending an arm and a leg in the last few years of your loan. and usually, it takes you to this point to NOT be upside down...forget tryin to sell that car in your 2 or 3rd year of the loan..you are uspide down. so it's only when you are off warranty, and eating it up the you know what in repair bills that you can get rid of the car and not lose money. the ONLY way you make out is to keep the car for a decade, and get it paid off, and then "enjoy" year 7,8,9 and 10 with no payments. those years you only pay to repair, and if they are small enough, you will come out ahead. problem is you also get to "enjoy" an old car. if you don't give a crap about cars, then that's great. if you like cars and constantly fantaszie about teh new stuff, more hp, etc...you'll be miserable driving your 8 year old POS that is "payment" free. bottom line, I think leasing is better. but educate me as to where i'm wrong. keep in mind i'm assuming the following: you can drive 12-15k/year and be ok. you love carsa dn the idea of driving an 8 or 9 year old car makes you puke
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Replying to: 23109vc (Dec 17, 2007 11:49 am) But, with the current lease deal, it makes more sense to buy, than lease this particular model, at this particular time, assuming the lease term/mileage meets your needs.. regards, kyfdx
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Replying to: peednas (Dec 17, 2007 11:33 am) |
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What do you guys think? 2008 TL with Nav: MSRP = 36940; which includes the 715 destination charge invoice = 33998; determined via autos.yahoo.com, also includes dest. charge factory to dealer incentives = 2000; alleged, but very likely true "adjusted invoice" = 31998; from 33998-2000 My quote = 32308.05 + delivery fee + T + T + L + state battery/tire fee I think it's pretty good. |
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Replying to: kyfdx (Dec 17, 2007 1:01 pm) right?
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Replying to: 23109vc (Dec 17, 2007 11:12 am) The price of the car INCLUDING destination was $33,700. Then I paid 5% tax in MD, and a couple hundred for tags and doc fees. 24 hours later and I am absolutely loving this car. Fast and furious and fun. Neat article in Car and Driver about the fastest sedans between $30-$40K this month. The TL-S comes in at #7. See this: http://www.caranddriver.com/features/14400/the-quickest-sedans-of-2008-30000-to-- 40000.html
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