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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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Replying to: smithsonga (Nov 28, 2007 7:48 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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First time poster. I love this site!! I'm in the process of selling my X-5 privately and looking to lease the '08 RL w/ tech package. I've never leased before, but have gotten up to speed quickly by spending time on this site. I sent out queries to dealers here in Houston. The best lease term I have received so far for 36-months, 0 down, 10k miles/year is $600 (money factor was .00042). But the dealership said they would get new lease terms tomorrow (1/2). My question is other than haggling the dealerships down on monthly lease payments, do I need to be concerned with anything else (ie: residual)? I'm assuming not, since the lease price is simply the output of total sales cost, money factor and residual. But I want to make sure I'm not mising anything.
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Hello Car Man and/or kyfdx IWith what appears to be increasingly attractive 08 RL lease options, I am interested in seeing what I can expect for Tech package trim with $0 down, 12K mi, 36 mos. Am located in southeast PA I will negotiate to what I suspect(and hope) will get me at or close to invoice but from there, 3 questions: 1) what is current money factor and how do I use/leverage to determine monthly payment? 2) is MF negotiable? In past negotiations, when I've told dealer what I know to be their mfg & model MF, it is met with resistance or even denial as "their" MF is higher. 3) Is it better to wait until Feb or Mar to lease 08 RL?(will have to pull trigger either way by end of Mar) Thank you for any help you can provide
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Hello! Still seeking current lease information(residual  52%? MF/buy rate?) on 08 RL Tech Package for 36 mos 12K mi/yr Preferred credit rating Also - will recent Fed action (rate cut) positively impact leases and if so, can you estimate when? Thank you
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Replying to: bobbylowe (Jan 01, 2008 7:42 pm) The money factor that you were quoted looks good. It is right in line with Honda Finance's buy rate for a 36 month lease of an '08 RL. As far as negotiating this lease goes, the best way to get a good deal is to make sure that the dealer calculates your payment using the buy rate lease money factor (which you have already done) and to negotiate as low a selling price as possible on the car that you want. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If I was in the market for a new RL right now, I personally would shoot for a selling price of around $500 over dealer invoice. On an '08 RL with Tech, that would be right around $46,000. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: penn2 (Jan 09, 2008 9:20 am) It is difficult to say what the lease program for the RL will be like in March, but given the fact that Acura has made significant enhancements to its lease on this car over the past several months I personally do not anticipate then enhancing it any further. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: penn2 (Jan 25, 2008 6:23 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Feb 07, 2008 3:01 am) Thanks again |
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Replying to: penn2 (Feb 26, 2008 5:18 am) |
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Replying to: penn2 (Feb 26, 2008 5:18 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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