- #213 of 264
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Re: Leasing a 2008 RL w/ tech package [bobbylowe]
by Car_man HOST
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Feb 07, 2008 (2:47 am)
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Replying to: bobbylowe (Jan 01, 2008 7:42 pm)
Welcome bobbylowe! I'm glad that you enjoy Edmunds so much. Since you have never leased before, 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.
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
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- #214 of 264
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Re: Mechanics of 08 RL lease [penn2]
by Car_man HOST
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Feb 07, 2008 (2:53 am)
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Replying to: penn2 (Jan 09, 2008 9:20 am)
Hello penn2. Things are very slow in the auto industry right now, even more so with Acura. I don't think that you will have much trouble finding a dealer who is willing to sell, or in this case lease, you an RL for close to dealer invoice. Honda Finance's current buy rate lease money factor for a 36 month lease of an '08 RL is .00042 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. Money factors are negotiable in that you need to make sure that the dealer you are working with does not mark-up the buy rate to add additional, hidden profit to your deal, but dealers cannot reduce banks' published buy rates.
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
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- #215 of 264
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Re: Still Seeking current 08 RL Lease Info [penn2]
by Car_man HOST
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Feb 07, 2008 (3:01 am)
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Replying to: penn2 (Jan 25, 2008 6:23 am)
Hey penn2. In response to your question about whether the Fed's recent dramatic rate cuts will have an impact upon manufacturers' lease programs, my answer is that I have not seen much of an impact yet. I have seen a few manufacturers' captive finance companies reduce their standard interest rates and lease money factors in the past couple of weeks, but their special financing rates and special lease programs really have not changed. It is difficult to say when, or even if automakers will make an equivalent reduction in their special programs.
Car_man
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- #216 of 264
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THANK YOU! re Still Seeking current 08 RL Lease Info [Car_man]
by penn2
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Feb 26, 2008 (5:18 am)
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Replying to: Car_man (Feb 07, 2008 3:01 am)
Thank you Car_man for both of your responses --- very, very useful and will certainly will come in handy in the coming weeks as I explore the RL option vs one of their competitors
Thanks again
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- #217 of 264
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Re: THANK YOU! re Still Seeking current 08 RL Lease Info [penn2]
by 23109vc
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Feb 28, 2008 (2:30 pm)
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Replying to: penn2 (Feb 26, 2008 5:18 am)
so what is the best deals you are all getting on RL leases right now?
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- #218 of 264
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Re: THANK YOU! re Still Seeking current 08 RL Lease Info [penn2]
by Car_man HOST
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Mar 24, 2008 (2:26 am)
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Replying to: penn2 (Feb 26, 2008 5:18 am)
You're very welcome, penn2. I'm glad that I was able to help you out. Make sure to stop back and let us know how your quest for a new vehicle turns out.
Car_man
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- #219 of 264
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Re: THANK YOU! re Still Seeking current 08 RL Lease Info [Car_man]
by mrusso
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Apr 05, 2008 (8:39 pm)
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Replying to: Car_man (Mar 24, 2008 2:26 am)
Car man, I am in Houston and want to lease a 2008 RL with tech package. What rates should I expect/try to negotiate? I leased a 2005 RL w/tech for $600/mo 36 mo lease with $0 down & 12k mi/yr. Can I do same or better for 2008 RL?
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- #220 of 264
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RL Lease Info
by joegolfer1
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Apr 07, 2008 (4:10 pm)
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Car Man, many thanks for previous assistance on my last 3 cars. I am thinking of leasing an RL with Tech. I like to go for 36 months, 18k per year. Was wondering if you could provide MF and residuals. Thanks in advance.
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- #221 of 264
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RL Tech SoCal: good deal?
by amonty
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Apr 18, 2008 (3:35 pm)
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Hi- my first post here - best of 3 deals I have so far on RL/Tech pkg/36 mos/15k is:
Selling price 43,521 (would be 2k less if not lease)
MF .00046; Residual 25,307 (50%)
Cash due at signing $2055 including 1st mo pmt and other plus cap reduction
Monthly lease incl. 8.25% tax: $599
Thanks for feedback.
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- #222 of 264
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Re: THANK YOU! re Still Seeking current 08 RL Lease Info [mrusso]
by blov8r
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Apr 20, 2008 (9:43 am)
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Replying to: mrusso (Apr 05, 2008 8:39 pm)
While this question was posed to Car Man, I'll weigh in with what I've just seen on the net. The RL's sales are sluggish, actually significantly down in the last year, so they're showing $499/month for 36 months w/ < $2000 up front. Those numbers are what they're offering presumably off MSRP ... and it would appear that those numbers would be negotiable. Bart 
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