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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: Car_man (Mar 24, 2008 2:26 am)
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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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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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Replying to: mrusso (Apr 05, 2008 8:39 pm) 
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Replying to: amonty (Apr 18, 2008 3:35 pm) After discussion at dealership the deal was corrected to Selling price 43,521 ;MF .00046; RESIDUAL 24,295 (48%) Cash due at signing $2055 including 1st mo pmt and other fees plus cap reduction of 978. Monthly lease incl. 8.25% tax: $600 But when I looked at the printed "Lease Review", the "GRS CAP COST" went to 44,123. The salesman, who seemed very honest and transparent, said the extra "$595 HONDA FEE FOR LEASE CALLED ACQUISITION FEE" was added into the selling price. Is this standard fare in leasing or a means of squeezing a few more bucks out of customer? or just judge this deal as 600 per mo with 1000 down? thanks for any input |
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Replying to: joegolfer1 (Apr 07, 2008 4:10 pm)  . Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Acura RL with Tech and 15,000 miles per year are .00164 and 46%, respectively. 15,000 miles per year is the highest mileage allowance that Honda Finance publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it it to wait until the scheduled end of your lease and have to pay an excess mileage penalty. When negotiating your lease on this car, make sure to take advantage of the $4,000 dealer cash that is currently available on it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: amonty (Apr 20, 2008 5:08 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 05, 2008 2:03 am) Great forum. I am new to Acura RL lease, and was actually in the market for a 5 series until 5/6 (you must know what happend that day). Now I am looking at other options to get most bang for the buck. Few questions: 1. Which lease calculator do you prefer for Acuras? Is there specific one? 2. What's the aquisition fee on Acuras nowdays? 3. What is a customary dealer fee? With BMW it's around $480 + doc fees. 4. Edmunds website states you CAN combine advertized lease special with $4k dealer cash. How would that work? The special is $2500 down including $1405 cap reduction and $499+tax per month. Thanks for your help!
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Replying to: rjdoc74 (May 15, 2008 3:47 am) |
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Replying to: rjdoc74 (May 15, 2008 3:47 am) I actually use my own lease calculator that I created in Excel to work up payments. You can create one yourself using the formula that is outlined in the following article: Calculate Your Own Lease Payment. The lease calculator that is available here at Edmunds.com is a good one as well: Edmunds Lease Calculator. I believe that Acura charges a $595 acquisition fee on every vehicle that it leases. I'm not sure what you mean about "a customary dealer fee." Are you asking how much profit dealers typically make on the RL or are you asking what sort of doc fee Acura dealers usually charge? The $4,000 dealer cash that Acura is providing on the 2008 RL is available on leases of it through Honda Finance. You should negotiate the lowest possible selling price that you can on the RL that you want, as close to dealer invoice as possible, and then have the dealer subtract the four grand from that. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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