299 messages,
Last post on May 06, 2013 at 3:41 PM
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Acura RL, Car Leasing, Sedan
#129 of 299 Car_Man: Lease info for May 2006
by Bushwack
May 06, 2006 (3:16 pm)
Car_Man: Would you please provide the money factor and residual (and possibly work up some numbers) for a 2006 Acura RL?
- 3 year and 4 year lease
- 10,000 and 12,000 miles/yr
- MSRP: $49,915
- Selling price: $42,250
- Location: Los Angeles
Any other lease information specific to Acura that you have would be appreciated. You helped me out greatly leasing a 2005 RL last year (this lease is for my brother-in-law).
Thank you.
#130 of 299 Re: Car_Man: Lease info for May 2006 [Bushwack]
by bobby29
May 15, 2006 (5:50 pm)
Car_Man: I am also loking to lease a 2006 RL. It seems Acura's May lease special on the website is not as good as last month, but I have heard that Acura is giving 3k back to the dealership on RL purchases.
-36 month lease
-15k miles a year
-$49,915 MSRP
-$42,000 sales price
Trying to figure out the payment with 1K down to cover 1st months pmt, sec deposit, tags etc.
#131 of 299 Re: Car_Man: Lease info for May 2006 [bobby29]
by Car_man HOST
May 16, 2006 (2:38 am)
You're right, bobby29. Acura is currently providing $3,000 dealer cash on the 2006 RL. The reason why its advertised lease payment for this car is worse this month than it was in April is because Honda Finance's residual values for it dropped. According to my calculations, if you were to lease a 2006 RL with an MSRP of $49,915 and a selling price of $42,000 through Honda Finance right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $651.
Car_man
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#132 of 299 Re: Car_Man: Lease info for May 2006 [Car_man]
by bobby29
May 16, 2006 (7:13 am)
Thanks Car_Man. What is the money factor and residual % you are using for that calculation?
#133 of 299 Car_man can you help me on this one?
by eclipse2
May 26, 2006 (4:19 am)
I have a dealer in NJ with a lease on a 06 RL 36 Months 12k miles with 2,000 down $25,956 is res. paymen with tax is $617.70 msrp $49,915 neg price $40,599 does this sound right to you?
#134 of 299 Acura RL - June residuals and money factors?
by rabb30327
Jun 01, 2006 (9:13 am)
Car_Man - it appears sluggish sales of this car in '06 and the $3K manufacturer incentive made this an attractive lease in May. Can you provide the June incentive, money factor, and residual rates? I'm specifically interested in 36mo / 15K leases. Also, do you know when the '07 RLs will be available?
Is there a place online where we can access published manufacturer residual/mf rates?
#135 of 299 Re: Car_Man: Lease info for May 2006 [bobby29]
by Car_man HOST
Jun 07, 2006 (4:16 am)
No problem, bobby29. I used a money factor of .00265 and a residual value of 50% to calculate your car's lease payment.
Car_man
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#136 of 299 Re: Car_man can you help me on this one? [eclipse2]
by Car_man HOST
Jun 07, 2006 (5:08 am)
Hi eclipse2. The selling price that you were quoted for this car appears to be right around dealer invoice once the $3,000 dealer cash that Acura is providing on this car is taken into account. That is a good price for this car. Using the numbers that you provided in your post, an MSRP of $49,915 and a selling price of $40,599, I estimate that this car's zero down, pre-tax, 36 month, 12,000 mile per year monthly payment should be around $584. Even with tax being taken into account, if any od the $2,000 that you are putting down is a capitalized cost reduction the payment that you were quoted is a little high. Make sure that the dealer that you are working with is using Honda Finance's buy rate lease money factor to calculate your car's monthly payment. Its current 36 month buy rate for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit is .00265 for this model.
Car_man
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#137 of 299 Re: Car_man can you help me on this one? [Car_man]
by eclipse2
Jun 07, 2006 (7:07 am)
Car_man thanks alot!
#138 of 299 Re: Car_man can you help me on this one? [Car_man]
by eclipse2
Jun 07, 2006 (7:24 pm)
Hey car_man what about the lease that acura is giving now with the $599.00 a month with $2,999. down. is the deal that I got better if I could get them to fix that payment to the $584.00 thanks again