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Acura RL Lease Questions

299 messages,  Last post on May 06, 2013 at 3:41 PM

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

Messages Page 26 of 31

#242 of 299 Re: 08 rl numbers [kki000] by Car_man HOST

Oct 02, 2008 (3:53 am)

Replying to: kki000 (Sep 24, 2008 10:26 pm)
Hi kki000. Acura paid off its dealers $4,000 dealer cash for any remaining 2008 RLs that they had left in inventory back in July. You can still lease one through Honda Finance if you can find one, but you will have to use its standard lease program. Honda Finance's October buy rate lease money factor and residual value for a 36 month lease of a 2008 Acura RL with 12,000 miles per year are .00270 and 47%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical 39 month lease are .00270 and 46%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#243 of 299 2009 ACURA RL LEASE by btl2

Oct 03, 2008 (7:44 pm)

could someone please give me the money factor and residual for a 15K mile lease in october thank you. Dealers typically insist the money factor is higher than what the blogs say. thanks. Does honda financial publish this info themselves?

#244 of 299 Re: 2009 ACURA RL LEASE [btl2] by eights38

Oct 03, 2008 (8:33 pm)

Replying to: btl2 (Oct 03, 2008 7:44 pm)
btl2,
 
Acura's new program expires on November 3rd. For 36 months with 15,000 miles per year, the residual is 51% and the money factor is 0.00119.
 
Best,
Matt
eights38gmail.com

#245 of 299 Re: 2009 ACURA RL LEASE [eights38] by pds1

Oct 10, 2008 (6:35 pm)

Replying to: eights38 (Oct 03, 2008 8:33 pm)
Matt-
Are you sure about those numbers for a 2009 RL? They seem low.
 
Regards,
Mike

#246 of 299 Purchase price at lease end by jbm160

Dec 26, 2008 (11:34 am)

My lease is up in February on my 2006 RL and the residual value on my contract is higher than the asking price for the same year/mileage vehicles at dealers in my region. Is the lease-end purchase price negotiable, and if so, are there any tips on negotiating this? If I turn it in, what does AHFC sell it for to the dealer?
Thanks,
Bartley

#247 of 299 Re: Purchase price at lease end [jbm160] by Car_man HOST

Jan 03, 2009 (4:16 pm)

Replying to: jbm160 (Dec 26, 2008 11:34 am)
Hi Bartley. If your car's purchase option price is significantly higher than its real world value at this point, place a call to Honda Finance...or whichever bank you are leasing it through and see if they will negotiate with you. There's no guarantee that they will. In fact, more often than not banks won't, but you don't have anything to lose by trying.
 
Here's a little tip, if your initial contact at the bank isn't willing to work with you, lesses sometimes have better luck if they work their way up the ladder to a manager.
 
Good luck and make sure to let us know how everything turns out.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#248 of 299 Re: Purchase price at lease end [jbm160] by pds1

Jan 03, 2009 (8:53 pm)

Replying to: jbm160 (Dec 26, 2008 11:34 am)
Not going to happen. I tried to buy my 2005 RL from Honda Finance at the end of my lease for book value. This happened to be about $5500 less than the residual buyout price.
 
"We do not negotiate the buyout price" they told me. "Just return the car if you do not want to pay the buyout price."
 
Now Honda can eat the $5500 loss when they send my 2005 to the auction, but at least they know they can sell me a brand new 2009.
 
If they had sold me the 2005, I would have driven it for 3 or 4 more years.

#249 of 299 Re: Purchase price at lease end [Car_man] by jbm160

Jan 06, 2009 (8:10 pm)

Replying to: Car_man (Jan 03, 2009 4:16 pm)
Thanks for the tips, Car_man. I am leasing through AHFC, so I will try to contact them and will let you know if anything comes of it. I also understand pds1's point. It doesn't really matter to me, because I'm not planning to keep the car even if I buy it. My father-in-law likes the car and wants to buy it from me, but I'm not going to let him pay Honda above market value.
 
Bartley

#250 of 299 Re: Purchase price at lease end [jbm160] by Car_man HOST

Jan 13, 2009 (4:16 am)

Replying to: jbm160 (Jan 06, 2009 8:10 pm)
You're very welcome, Bartley. I have heard that Honda Finance is pretty reluctant to negotiate lease-end purchase prices, but give it a shot...you certainly don't have anything to lose.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 26 of 31

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