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Acura RL Lease Questions

264 messages,  Last post on Nov 05, 2009 at 3:12 AM

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

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#41 of 264 Re: Lease money factor and residual value [sam_k] by hybrid3 Oct 10, 2005 (12:55 pm)
Replying to: sam_k (Oct 10, 2005 11:22 am) I just signed a lease and will be picking up the car Wednesday. I asked about the 18" wheels and they are not residualized in the lease so you pay for the full amount and own them at the end of the lease. I live on Long Island, not sure if that matters. The wheels would have added over a $100 a month to the payment once the tires were added, so I passed. The rear spoiler is residualized. Replies to this message: sam_k (Oct 10, 2005 1:49 pm) hybrid3 (Oct 10, 2005 3:48 pm) billyperks (Oct 11, 2005 8:19 am)
#42 of 264 05 v 06 RL, and Lease-End concerns by basch Oct 10, 2005 (1:12 pm)
I'm looking to lease an Acura RL (05 or 06) or Infiniti M35x. I'm currently extending a lease on an 04 Acura. This was my first experience at leasing, and I'm concerned about issues at turn-in as well as advice on next car. I was planning to get Infiniti M35x but after 2 mos couldn't get exact vehicle I wanted, so now i'm looking at going back to Acura. 1) Are they likely to continue extending my lease month-to-month or is there a point where you are automatically committed to another yr? Any problems I should look for at lease end - they already did the inspection which went fine. I was late on a payment due to the extension - is that likely to show up on my credit report? 2) Is there such a thing, and if so is there any advantage to trying to "prearrange" lease for 06 as soon as they're available? 3) Any word on availability for RLs or Infiniti AWD? Will Infiniti become more available soon, and any idea when 06 RL's will get to Metro DC area, or where they will be available first? Thanks for any help...
#43 of 264 Re: Lease money factor and residual value [hybrid3] by sam_k Oct 10, 2005 (1:49 pm)
Replying to: hybrid3 (Oct 10, 2005 12:55 pm) $100/month to the cost the lease just to finance the the 18" wheels!? That makes sense since they're not residualized but that's crazy. It's $1900 for those wheels and probably between $800 and $1000 for tires and then you finance that total of $2900 over 3 years. The fact that you get 19" wheels on the Infiniti M35 Sport and 18" wheels on the M35 and M35x as standard equipment that is residualized will be a factor in my decision as to which car I choose. I give Acura credit for having either no options or only a couple of options on their cars however, they're just making it easier for dealers to make money by having dealer installed "accessories" instead of factory installed options. From my past researched, back in 1999 and again in 2002 when I was looking to lease an Acura, they were always expensive to lease and it seems like it's only gotten a little better. Replies to this message: hybrid3 (Oct 10, 2005 3:48 pm) billyperks (Oct 11, 2005 8:19 am)
#44 of 264 Re: Lease money factor and residual value [sam_k] by hybrid3 Oct 10, 2005 (3:48 pm)
Replying to: sam_k (Oct 10, 2005 1:49 pm) I agree, it is definitely crazy. The wheels should be a factory option. However the lease deals on the RL are much better than the M. You really can't go wrong with either car. The deals are great on the RL now, M's being newer, deals are harder to come by. You do pay a premium for getting a car near release. The dealer was trying to act like it was a good deal beause I get to keep the rims at the end of the lease. What the heck would I do with them? Replies to this message: billyperks (Oct 11, 2005 8:19 am)
#45 of 264 Re: Lease money factor and residual value [hybrid3] by billyperks Oct 11, 2005 (8:19 am)
Replying to: hybrid3 (Oct 10, 2005 3:48 pm) Put them on EBAY.
#46 of 264 Re: Lease money factor and residual value by Car_man HOST Oct 14, 2005 (2:07 am)
Here's the information that you are looking for, Sam. If you were to lease a 2005 Acura RL through Honda Finance for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00250 and 58%, respectively. Its money factor for an otherwise identical lease with 10,000 miles per year would be the same, but its residual value would increase to 59%. I am not sure if Honda Finance allows the residualization of dealer installed options, but I suspect that it does not. If you decide to have any dealer installed options put in your car and they cannot be residualized, make sure to keep the old parts. You can reinstall them when you go to turn your vehicle in at lease-end and can sell the upgraded parts that you had put on since you paid for them in full over the course of your lease. When negotiating your lease on this car, don't forget to take the $2,500 dealer cash that Acura is currently providing on it into account.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: sam_k (Oct 14, 2005 7:28 am)
#47 of 264 Re: 05 v 06 RL, and Lease-End concerns by Car_man HOST Oct 14, 2005 (3:16 am)
Hi basch. You need to place a call directly to Honda Finance, or whatever bank you are leasing your current car through, to see if they will let you continue to lease your car month to month. There definitely is a limit to how long they will let you to extend your lease like this. As long as your car has not had any problems or gotten and new dents or scratches since your clean inspection you should not have to worry about having to pay any sort of excess wear and tear penalty. Unless the payment on your lease was unbelievably late, I highly doubt that the slightly late payment that resulted from the extension of your lease will have a negative impact upon your credit report. You can negotiate the selling price of the 2006 Acura RL that you are interested in before they hit dealers, as long as its pricing has been published. However, the dealer that you are working with will not be able to quote you an exact lease payment for it at this time because Honda Finance has not published its lease program for the '06 RL yet. I believe that the 2006 RL is scheduled to hit dealers before the end of the year, but I do not know the exact date.   Car_man Host Smart Shopper / Prices Paid Forums
#48 of 264 Re: Lease money factor and residual value [Car_man] by sam_k Oct 14, 2005 (7:28 am)
Replying to: Car_man (Oct 14, 2005 2:07 am) Thanks Car_man! It's so hard to get this information out of the dealers without going through the negotiation process. I love being armed with information when I talk to dealers. My lease on my 2002 Lexus GS300 is up on December 1st so I'll probably ask you if these numbers (and the others) have changed. I think I might extend my lease by 1 month because I don't think I'm going to have time in the next 6 weeks to do my car shopping. Right now my choices are Acura RL, Infiniti M35 Sport (not the AWD), new Lexus IS350 and Lexus GS300 (possibly AWD). The Acura RL is a little bit boring to me compared to the others but it might end up being the best deal especially with that $2500 cash back. I might be able to get an ever better deal on a left over 2005 unless they add features to the 2006 model that I would want. Even though I love Lexus' and I've had 2 GS300s, the new one is at the bottom of my list. Right now the 2 front runners are the Infiniti M35 Sport and IS350. The other thing that's bothering me is that all these cars are in their first model year of production and I don't like to buy a new model in it's first year of production because the number of defects and problems is always higher in the first year. Consumer Reports put out an article showing this to be true.
#49 of 264 Carman-help by diesel3 Oct 14, 2005 (9:58 pm)
i visited a dealer in NY and i think he offered me a solid deal. RL, 39months,15k and 2500 out of pocket which includes taxes,1st month, etc for 540 a month. He said the msrp on the car was 42,000. Can i get better or am i being greedy? thanks alot
#50 of 264 Car_Man: How does this offer on a 2005 RL sound? by rshaffer1 Oct 15, 2005 (8:39 pm)
Just offered the following from my local dealer in northern NJ, and would value your take on it. Day one payment of $1,584, including: AHFC fee $595;doc fee $129; MV registration $261; and first payment $599 (payments include NJ sales tax) term = 36 months; Residual = 58% ($28,809); mileage 12k/year; money factor of .0025 Salesman said the cap cost is $43,840, (but my math works it out to be $42,675). Anyway, I was thinking if they threw in the wood/leather steering wheel and shift knob, wheel locks, trunk tray and splash guards, then the $599/month payment was reasonable, provided it includes sales tax (which is clearly what I was told). What do you think?Should I be able to do better? Replies to this message: birdbird (Oct 19, 2005 8:31 pm)

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