Last post on Oct 10, 2013 at 3:04 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Acura RL, Car Leasing, Sedan
#198 of 309 Re: Lease 2008 RL Tech [newacurabuy]
Oct 31, 2007 (10:09 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.
Prices Paid: Buying & Leasing Experiences Forum
#199 of 309 November lease numbers?
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?
#200 of 309 Re: November lease numbers? [jaybee85]
Nov 05, 2007 (2:23 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%.
Prices Paid: Buying & Leasing Experiences Forum
#202 of 309 Re: November lease numbers? [Car_man]
Nov 10, 2007 (4:59 pm)
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.
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!!
#204 of 309 RL vs. 60-70K Lexus
Nov 11, 2007 (11:35 am)
I too own an 04 Lexus RX 330. Since my wife has purchased a Honda Pilot I will next year sell my Lexus. Now, I also have driven an RL and a GS 350. I loved the acceleration of the GS, however, I cannot stand the small ness of the interior.
I would hate to be in an accident in the GS. And I too do not want to spend 60-70 K for the big Lexus. I really think in about Feb with the rain ect, I'll buy an RL. I really think Lexus is making a mistake by going to smaller cars.
Good luck to all and stay safe.
#205 of 309 MDX Tech lease in NC
Nov 26, 2007 (7:20 am)
Here's the deal I have been offered:
2008 RL Tech Package, based on $4000 discount off of MSRP, $775.18 per month 18,000 miles per year/36 months, $1261.34 due at lease signing.
This looks considerably higher that what I am seeing on this board. What am I missing?
#206 of 309 End of Lease Questions
Nov 28, 2007 (10:09 am)
Hi, Car Man and others!
You kindly helped me 2 1/2 years ago when I leased a 2005 RL. It has been my first car lease. I am starting to think about my options for the end of the lease and have some questions, especially since Acura sent me a postcard asking me about my plans wrt continuing the lease, buying the car, or turning it in. First, is there an online resource that I should be reviewing which provides general info on end-of-lease options? Second, the residual of $28.3k (3 years 15k/yr.) seems to be in line with retail for this model (low 30's now), so buying would be a wash, right? Third, what happens if I continue the lease? Is it month-to-month, or do I have to sign up for a specific period of time, or is it all negotiable? Also, would it typically be for the same monthly payment I am doing now, or is it negotiable or set some other way? One consideration is that I have interrupted my career to write a book, and so I doubt my credit report (with no annual income!) will be warm and fuzzy - it might be difficult to qualify for any financing - shall I assume they perform another credit check? A second consideration is that there is several hundred dollars of body work needed beyond what I can imagine they will allow upon returning the vehicle. Should I take care of it now, wait until the return inspection and then do something, or otherwise take it into consideration when deciding upon my purchase, lease extension, or return of the vehicle.
Thanks for your patience in answering all these questions, and for your past help!!
#207 of 309 Re: End of Lease Questions [vista]
Nov 28, 2007 (7:48 pm)
If Acura isnt selling these cars...and they are offering $4k dealer cash, has anyone worked a deal for a low mileage (10k to 12k) lease in the low 500s? It appears to be possible with an invoice price - $4k cash, at the lease rates Car_Man notes above.