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Acura RL Lease Questions

264 messages,  Last post on Nov 05, 2009 at 3:12 AM

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What is this discussion about? Acura RL, Car Leasing, Sedan

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#194 of 264 Lease used RL? by jaybee85 Oct 01, 2007 (9:53 am)
I've been looking to lease a certified used RL, but Acura salesmen in Northern NJ tell me that no leasing is available for used cars. Today AHFC told me they will lease used cars, subject to mileage and age limits - certified cars should be ok. Car_man, or anybody, do you have any experience leasing a used RL, or other Acura? If so, would payments be lower, like the price would be, compared to new cars? Replies to this message: Car_man (Oct 31, 2007 10:06 am)
#195 of 264 Lease 2008 RL Tech by newacurabuy Oct 04, 2007 (2:47 am)
I'm looking to lease 2008 RL with Tech Package for 36 months and at either 12k or 15k/yr. Could you please tell me the residual and money factor? I'm in the state of Missouri. Thanks. Is Acura offering any dealer cash or subsidy at the current time? I could not find any incentives. Replies to this message: leasesucks (Oct 12, 2007 6:17 pm) Car_man (Oct 31, 2007 10:09 am)
#196 of 264 Re: Lease 2008 RL Tech [newacurabuy] by leasesucks Oct 12, 2007 (6:17 pm)
Replying to: newacurabuy (Oct 04, 2007 2:47 am) From acura.com: "Subject to limited availability. Through 10/31/2007, to approved lessees by American Honda Finance Corp. Closed end lease for 2008 RL vehicles (Model KB1658KW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $46,995.00 (includes destination) less the capitalized cost reduction resulting in actual net capitalized cost $41,438.25. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $20,484.00. Option to purchase at lease end $25,847.25. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details."   My math says residual percentage of 55% and money factor of 0.002 (4.8% APR). Interestingly, there is a difference of $5562 from the $46,995 MSRP and net capitalized cost of $41438.25. Since the drive off is $3,999, Acura Finance is giving us some discount. I don't know exactly how much, because I don't know what my drive off payment is going to. At any rate, I hope this helps.   I got an offer of $579/month plus tax for 36 months($630/mo out the door) with $26,000 residual on a 2008 Acura RL w/ technology package from a local dealer. I believe that I could do better. I'm looking for $559/month plus tax. Wish me luck!
#197 of 264 Re: Lease used RL? [jaybee85] by Car_man HOST Oct 31, 2007 (10:06 am)
Replying to: jaybee85 (Oct 01, 2007 9:53 am) Hi jaybee85. I personally am not all that familiar with Acura's used vehicle lease program, but the problem that I have with leasing used vehicles in general is that given the lack of support on them they often turn out to be as expensive as, or even more expensive than equivalent leases of brand new vehicles. You definitely should compare the cost of leasing a used RL to the cost of leasing a new one before making a decision to lease. You may be surprised how small the difference in payment is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#198 of 264 Re: Lease 2008 RL Tech [newacurabuy] by Car_man HOST Oct 31, 2007 (10:09 am)
Replying to: newacurabuy (Oct 04, 2007 2:47 am) Here's the information that you're looking for, newacurabuy. Through October 31st, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Acura RL with the Tech Package and 15,000 miles per year are .00202 and 50%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The 12,000 mile per year residual value for this car would be 2% higher. Acura is not currently providing any cash incentives on this model.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#199 of 264 November lease numbers? by jaybee85 Nov 02, 2007 (9:48 am)
Thanks, car_man. It seems leasing a used Acura isn't so promising. Two NJ dealers said they wouldn't do it, even though AHFC said they would provide lease financing on good used cars.   Now, is there any lease programs up or coming on new RL's, or TL's? What residual and money factor would you expect on a new RL or TL, based on 36 months and 12,000 miles per year? Replies to this message: Car_man (Nov 05, 2007 2:23 am) marckschwartz (Nov 10, 2007 4:59 pm)
#200 of 264 Re: November lease numbers? [jaybee85] by Car_man HOST Nov 05, 2007 (2:23 am)
Replying to: jaybee85 (Nov 02, 2007 9:48 am) You're very welcome, jaybee85. Honda is providing lease support on both the 2008 RL and TL in November. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Acura RL with 12,000 miles per year are .00129 and 52%, respectively. The numbers for an otherwise identical lease of a 2008 TL are .00168 and 58%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: marckschwartz (Nov 10, 2007 4:59 pm)
#202 of 264 Re: November lease numbers? [Car_man] by marckschwartz Nov 10, 2007 (4:59 pm)
Replying to: Car_man (Nov 05, 2007 2:23 am) I just test drove an RL in a suburb of chicago. With the technology package, including all taxes and rated at 12,000 miles a year I was quoted $791 a month. The sticker is $50,500. Cash purchase was $44,000. Where should I go in my negotiations since it clearly is a buyers market.
#203 of 264 RL v Lexus by marckschwartz Nov 10, 2007 (5:05 pm)
I have owned many Lexus automobiles and never owned an Acura. I don't want to spend $70,000 for a 460 and my wife doesn't like the next model down. I am considering a gs 350 or a RL. Your thoughts would be appreciated!!

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