- #229 of 264
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2008 RL Lease Houston, TX
by mrusso
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Jun 22, 2008 (4:55 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!
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- #230 of 264
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Re: 2008 RL Lease Houston, TX [mrusso]
by gregfrommn
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Jun 24, 2008 (12:12 pm)
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Replying to: mrusso (Jun 22, 2008 4:55 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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- #231 of 264
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Re: 2008 RL Lease Houston, TX [gregfrommn]
by mrusso
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Jun 24, 2008 (5:02 pm)
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Replying to: gregfrommn (Jun 24, 2008 12:12 pm)
gregfrommn, I looked on my paperwork:
$42598 Agreed price
$43886 Gross capitalized price
$29305 residual value
I only have ~25k miles on the car now. I live 1.7 miles from work.
12k mi/yr with lease price of $588/mo with $0 down.- which is over 09/01/08 and I am looking for another good lease deal. Good luck!
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- #232 of 264
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Re: 2008 RL Lease Houston, TX [Car_man]
by mrusso
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Jun 24, 2008 (5:39 pm)
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Replying to: gregfrommn (Jun 24, 2008 12:12 pm)
Hey Car_man,
My RL lease is up 09/01/08. What is the best lease I should get for 10k mi/yr, nav system in Houston, TX [my credit score is 783] ? Thanks for your help!
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- #233 of 264
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How much to lease a 2009 RL?
by pds1
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Jun 24, 2008 (6:29 pm)
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My 2005 lease is coming to an end next month. I'm ready to lease a new 2009 RL.
Does anyone know the monthly payment for that car on a 36 month lease with zero down and 12K miles?
Thanks
Hobart
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- #234 of 264
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Re: 2008 RL Lease Houston, TX [mrusso]
by Car_man HOST
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Jul 17, 2008 (2:15 am)
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Replying to: mrusso (Jun 24, 2008 5:39 pm)
Hi mrusso. You need to know the MSRP and selling price of the RL that you are interested in to calculate its lease payment. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base '09 RL with 10,000 miles per year are .00137 and 55%, respectively. Take these numbers, along with the MSRP and selling price and plug them into the formula that is outlined in the following article to get an idea of what sort of lease payment to expect: Calculate Your Own Lease Payment.
Car_man
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- #235 of 264
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Re: How much to lease a 2009 RL? [pds1]
by Car_man HOST
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Jul 17, 2008 (2:17 am)
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Replying to: pds1 (Jun 24, 2008 6:29 pm)
Hi pds1. Acura is currently advertising the base 2009 RL at $549 per month for 36 months with $2,555 down. If you are in an area that has a decent level of competition, you should be able to do better than that by negotiating the lowest possible selling price and then having the dealer calculate your payment using Honda Finance's buy rate lease money factor of .00137 (for Super Preferred tier customers who pay a security deposit at lease signing).
Car_man
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- #236 of 264
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Re: How much to lease a 2009 RL? [Car_man]
by pds1
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Jul 17, 2008 (6:07 pm)
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Replying to: Car_man (Jul 17, 2008 2:17 am)
Thanks for the numbers on the RL. I've been told to never put any meaningful money down on a lease transaction. In the event the car is stolen or totaled in the early months of the lease, I simply lose that down payment.
Is that correct? Isn't $2,555 too much to put down at the initiation of a lease?
thanks
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- #237 of 264
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Re: How much to lease a 2009 RL? [pds1]
by Car_man HOST
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Aug 05, 2008 (2:39 am)
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Replying to: pds1 (Jul 17, 2008 6:07 pm)
You're very welcome, pds1. What you were told is correct, it definitely is not a good idea to make a large capitalized cost reduction on a lease. Consumers can lease any vehicle that they want without making a down payment. All you have to pay at lease signing are your car's first month's payment, Honda Finance's $595 acquisition fee, a security deposit equivalent to your car's monthly payment rounded up to the nearest $25 increment, and any required state taxes or fees. You can even roll the taxes and acquisition fee into your car's cap cost to make them part of the payment if you want. Also, Honda Finance will waive its security deposit requirement in exchange for a .00010 money factor increase.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #238 of 264
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Re: How much to lease a 2009 RL? [Car_man]
by mrusso
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Aug 05, 2008 (2:04 pm)
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Replying to: Car_man (Aug 05, 2008 2:39 am)
The dealers in Houston are reluctant in giving out the details of MF, etc. The best 2009 RL with tech deals I am being quoted in Houston are for $669/mo, 36 mo., 10k mi/yr and $3500 down. I was also quoted $779/mo with $1000 down. These rates are too high. I'd like to lease an RL with tech but it is more than I am willing to pay.
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