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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 (Nov 03, 2005 4:06 am) tia.
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Car_man this question is for you. I'm wondering what the residual and money factor on a 05 RL should be in the following scenarios: 12K year 36 months and 39 months 15K year 36 months and 39 months Thanks in advance. If you answer this, one other thing, where are you getting your information ? FCC
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Replying to: mmcporter (Sep 19, 2005 3:37 am)
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Replying to: csbrown (Nov 10, 2005 5:38 am) When negotiating the price, remember there is a 2500 direct to dealer factory cash right now, so you should be able to buy in the 42,xxx range. As to your primary question, yes you can get a best price and then negotiate a lease based on that price. You should be able to do better then the 599 deal Acura is offering. If you get the money factor and residual value for the lease term you are interested in, you can go to the following web site to get a good idea what your monthly lease rate should be: http://www.leaseguide.com/calc.htm I'm finding it difficult to find the colors I want, black or white. Silver seems to be the most abundant color. I believe inventories are running low now and wouldn't wait much longer on pulling the trigger.
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Replying to: zarethustra (Nov 10, 2005 10:43 am) Ended up with $725.90/month with $1670 up front cost. Hope this helps anyone out there. |
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Replying to: corrad (Nov 09, 2005 6:09 pm) As far as the specific lease payment that I estimated earlier goes, I just double checked my calculations and again came up with $616 per month. The lease calculator that is available on this site is a little confusing because I believe that there is no place to manually input vehicles' MSRPs. Instead you have to select a vehicle from a list and the MSRP is put in automatically. This may be part of the problem. Also, the lease calculator on this site seems to automatically add sales tax into lease payments. All of the payments that I mention in these discussions are before tax, which would make them lower. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: zarethustra (Nov 09, 2005 6:14 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: csbrown (Nov 10, 2005 5:38 am) Did you say that the advertised lease that you saw for this car included a $8,000 down payment?!?! I think that you misread the advertisement. The advertised lease payment that I have seen for this car only requires a $2,500 down payment, and even that is too much. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your RL would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all. Acura is not providing any sort of lease support on the RL right now. As a result, if you were to lease one through Honda Finance, you would have to use its standard lease program. Its standard lease money factor for a 36 month lease is currently .00260, which is equivalent to an interest rate of around 6.25%. This is probably around the same rate that you would have to pay to finance this car. There's nothing wrong with leasing an RL, but there certainly is no advantage to doing so. Whether you decide to finance, lease , or pay cash for this car make sure to take the $2,500 dealer cash that is currently available on it info account when negotiating its selling price. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi Car_man: Do dealers or Honda Finance have any problem with letting you incorporate into the least an accessory like their rear view camera? I was thinking that if it needs to be screwed in or something that they might not want to do it cause it might hurt resale potential. Can you tell me what to expect on that? Also, at the Acura web site they now have both the 2005 and 2006 RL on the same type of lease offer. What's up with that? Thanks!
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The current '06 RL lease offer of $599 for a 36/10K lease is MSRP $49915; Cap Cost = 44,127; cap cost reduction = 2,500; and acquisition fee of 595. Payoff at end of lease is 29,500 which I am taking as the residual. Using these figures I calculate the money factor as about .00342 or 8.2%. This seems very high to me. Are my figures correct? Thanks
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