Last post on Oct 10, 2013 at 3:04 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura RL, Car Leasing, Sedan
#152 of 309 Re: About to lease a non tech 06 RL [69cv]
Sep 11, 2006 (1:55 am)
Hi 69cv. Acura is not currently providing any lease money factor support on the 2006 RL. As a result, if you were to lease one through Honda Finance right now you would have to use its standard money factor. Its current buy rate standard lease money factor is right in line with the number that you were quoted. This is a good sign because it means that the dealer that you are working with is not trying to mark your car's money factor up to add hidden profit to your deal. Now let's take a look at the capitalized cost that you were quoted. According to Edmunds.com, the dealer invoice price of a base 2006 Acura RL is $43,907. The price that you were quoted is $2,700 below invoice. With the $3,000 dealer cash that is currently available on this model, it puts you at right around $300 over invoice, which is a good deal.
Prices Paid Forum
#153 of 309 Re: About to lease a non tech 06 RL [Car_man]
Sep 14, 2006 (12:27 pm)
I did lease this vehicle. I forgot to mention it was a 36 month / 12k per year lease. Some 2006 RL buyers on the "Acura RL: Prices Paid & Buying Experience" forum seem to be doing a little better on price (40.8 + or -) but not many in the New England area.
#154 of 309 Good Deal?
Oct 04, 2006 (10:40 am)
My dealer has offered the following lease terms on a 2006 RL:
-36 month term
-12k miles per year
-$658 per month inclusive of all taxes, title, license, etc.
I know very little about leasing and would appreciate any advice.
Oct 05, 2006 (1:31 am)
Hi todd53. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work give you my opinion of this deal if you let me know what this car's selling price is.
For now I can tell you that $5,000 is way too much money to put down when leasing. I always advise community members against making down payments on leased vehicles. The main reason why I do so is if your leased vehicle is totaled in an accident or stolen and never recovered, its down payment essentially disappears. Even though it will make this car's monthly payment higher, you would be better off not making a down payment.
Prices Paid Forum
#156 of 309 Very low residula
Oct 17, 2006 (2:34 pm)
I just got quoted a residual of 48% on a 2006 Acura RL. Does that seem low to you? What is the 36 month rate for
15K miles on a standard Rl? My zip code is 94087.
Thanks for your help,
#157 of 309 Re: Very low residula [audiobuff]
Oct 25, 2006 (2:50 am)
Hi Jeff. Honda Finance's current residual value for a 36 month lease of a base 2006 Acura RL with 15,000 miles per year is 47%.
Prices Paid Forum
#161 of 309 ACURA TL 2006 w/ tech package and camera
Oct 29, 2006 (6:27 am)
I am looking to buy a RL
i was quoted 44913 for RL w/ PAX (tech pkg)
36 month lease, 12k miles
what should my residual be (47 or 48 percent ?)
money factor for superpreferred .00283 . Is that correct or can i do better ?
I want the camera added - it appears to cost 400. what should i pay for it installed ?
I want to avoid acquisition cost and security deposit. is that possible ?
is there anything else I am missing ?
Is there an advantage to buying on mon or tues before end of october ?