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Prices Paid: Buying & Leasing Experiences Acura RL Lease Questions
264 messages, Last post on Nov 05, 2009 at 3:12 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi houtxguy. I believe that Acura just published a new lease program for the RL a day or two ago. I have not had an opportunity to take a look at its new residual values for this car yet, but I can tell you that Acura is not providing any sort of lease money factor support on it. As a result, if you were to lease one through American Honda Finance Corp. right now, you would have to use its standard lease money factors. The last time that I saw it, AHFC's base standard money factor was .00240 for 36 month leases. While there is no money factor support on the '05 RL, Acura is providing a $2,500 cash incentive on leases of it through AHFC through September 6th. Make sure to take this cash into account when negotiating your car's capitalized cost. Car_man Host Smart Shopper / Prices Paid Forums |
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Has anyone recently received a quote or completed a deal on a 24 month lease? I've researched the 36 mo. numbers extensively. Not sure what the residual % is on 24 month. It appears that total out of pocket after 36 months (total down, total payments X 36 mos) is running between $19,750 - $21,000. I understand cap cost, money factor, residual etc.... Just looking for a measuring stick on 24 month deals. |
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Hello arizonaheat. I can give you an idea of what this car's 2 year lease program is currently like. According to the latest information that I have seen, if you were to lease a 2005 Acura RL through Honda Finance Corp. right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00370 and 63%, respectively. You would definitely be able to get a much more attractive payment on this car by leasing it for 36 months. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Sep 15, 2005 1:47 am) 2005 Acura TL with 6 speed and Nav 2005 Acura RL I drove both and loved 'em. The TL was sportier but the RL has AWD which is important here in Massachusetts. I got a high lease quote on both as the opening shot from the salesman. However, I stopped by a second dealer and the numbers for the two cars, while both still a little high, were coming closer together. The salesman seemed to imply that the RL would be close to the TL because of the $2,500 that Acura has in place right now for the RL. The dealer quoted me $637 for the RL (36 months nothing down but the first months payments and the fees) and $545 for the TL. I think he cranked the number up on the TL because he wants me to take the RL. How do these numbers look for a quote in Massachusetts? Shouldnt the TL be closer to $400+ per month? How about the RL. Any help you can provide would be appreciated; I've never leased before, but a colleague told me it's the way to go, as I like to get new cars every 3-4 years. Thanks, (ps--sorry for the double-post) I also posted this on the TL lease page.
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Hi mmcporter. The salesperson was right that the dealer cash that is currently available on the 2005 Acura RL will make its lease payment closer to the payment of an Acura TL than it normally would be. Just how much closer is difficult to say without knowing the MSRPs and selling prices of the vehicles that you are interested in. These are important numbers 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 these cars' selling price in relation to their MSRPs you don't know how much of a discount you are getting on them. The second reason is that one needs the selling price and MSRP, including the destination charge, vehicles to calculate their lease payments. I would be more than happy to work up a sample lease payments on the cars using Acura's actual current lease program for you if you let me know what these numbers are. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 19, 2005 2:16 am) For the RL, the MSRP is $49,100 plus destination of $570. I havent negotiated the pricing yet, but the invoice is $43,714 with the $570 destination plus there is $2,500 in play from the manufacturer. So I would say that I should be able to get the car for $45K BEFORE the application of the $2,500. Again, looking for 0 down except the first payment plus fees, 15K miles per year on a 36 month lease. Hope this helps. I will post the similar information in the TL forum on the TL. Best, |
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Replying to: mmcporter (Sep 18, 2005 8:43 pm) Also, I have a question for car_man. Don't you think by waiting until early October that a better lease price on an RL might be likely? Acura will be needing to get rid of all the RLs all over the country in advance of the arrival of new 2006 models won't they?
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Replying to: birdbird (Sep 20, 2005 11:47 am) I am looking into the lease special on the RL as well. I have a very good friend who quoted me $42,400 (including destination) for the vehicle - ...I know, it's a fantastic price  ! In fact, my other friend is completing the purchase of an RL at that price today with her. I was (pleasantly) surpirsed to read about the $2,500 cap reduction incentive! What is AHFC using right know for Money Factor and Residual for a 36 month lease? Do you have the numbers for a 39 and 48 month lease as well? Thanks so much! ...Doug |
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Replying to: birdbird (Sep 20, 2005 11:47 am) |
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Replying to: Car_man (Aug 31, 2005 1:59 am) I was able to find some other information on another forum that the current buy rate from AHFC on a 36 month lease is 0.00235, but I have not been able to confirm this yet. So I am not sure which is accurate... Also, I was able to do a bit more research, and it seems like the $42,400 price that I was quoted is good, but not as exceptional as I had thought. Many RL owners are securing prices around this value at dealers looking to move their 05 overstock to make way for the 06s. |
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