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Acura RL Lease Questions

233 messages,  Last post on Jun 24, 2008 at 7:29 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Acura RL, Car Leasing, Sedan


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#221 of 233
RL Tech SoCal: good deal? by amonty
Apr 18, 2008 (4:35 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.
#222 of 233
Re: THANK YOU! re Still Seeking current 08 RL Lease Info [mrusso] by blov8r
Apr 20, 2008 (10:43 am)
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Replying to: mrusso (Apr 05, 2008 9:39 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
#223 of 233
Re: RL Tech SoCal: good deal? [amonty] by amonty
Apr 20, 2008 (6:08 pm)
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Replying to: amonty (Apr 18, 2008 4:35 pm)

update of previous post and question to carman
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
#224 of 233
Re: RL Lease Info [joegolfer1] by Car_man HOST
May 05, 2008 (3:00 am)
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Replying to: joegolfer1 (Apr 07, 2008 5:10 pm)

Wow, I've helped you out on your last three leases, joegolfer1. You're making me feel old . 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
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Prices Paid: Buying & Leasing Experiences Forum
#225 of 233
Re: RL Tech SoCal: good deal? [amonty] by Car_man HOST
May 05, 2008 (3:03 am)
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Replying to: amonty (Apr 20, 2008 6:08 pm)

Hi amonty. Acura's May lease program for the 2008 TL is different than its April program was. Its money factor for this car is now higher, at .00164, but Acura is providing $4,000 dealer cash along with it that will help you negotiate a low capitalized cost for your lease. If I was in the market right now, I personally would shoot for around $500 over dealer invoice and then have the dealer subtract this cash incentive from that, putting me at around $3,500 under invoice.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#226 of 233
Re: RL Tech SoCal: good deal? [Car_man] by rjdoc74
May 15, 2008 (4:47 am)
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Replying to: Car_man (May 05, 2008 3:03 am)

Dear Car_man,
 
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!
#227 of 233
Re: RL Tech SoCal: good deal? [rjdoc74] by vavavavolvo
May 16, 2008 (6:41 pm)
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Replying to: rjdoc74 (May 15, 2008 4:47 am)

What happened regarding the 5 series on 5/6?
#228 of 233
Re: RL Tech SoCal: good deal? [rjdoc74] by Car_man HOST
Jun 02, 2008 (2:16 am)
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Replying to: rjdoc74 (May 15, 2008 4:47 am)

Oh, I'm very aware of what BMW did to its lease program on the 5-Series for May. I have spoken with a number of unhappy BMW dealers.
 
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
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Prices Paid: Buying & Leasing Experiences Forum
#229 of 233
2008 RL Lease Houston, TX by mrusso
Jun 22, 2008 (5:55 pm)
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CarMan, I currently lease a 2005 RL - lease is up in Sept 08. I'd like to lease another RL [I love the car]. Isn't there a lease special going on? What is the best deal I can look for in Houston, TX?
Thanks!
#230 of 233
Re: 2008 RL Lease Houston, TX [mrusso] by gregfrommn
Jun 24, 2008 (1:12 pm)
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Replying to: mrusso (Jun 22, 2008 5:55 pm)

mrusso, Would you mind telling me what the residual is on your '05 RL? I'm looking to buy an '05 RL and trying to figure out a reasonable price to offer considering the discounts available on the '08 version. Most dealers in my area are asking just under $30K for an '05 but have '08 models with 1K miles for $40K. So it seems the 05 should be less than what they are asking. Thank you.

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