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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 8 of 31

#67 of 299 Re: lease terms [zarethustra] by Car_man HOST

Nov 20, 2005 (7:40 am)

Replying to: zarethustra (Nov 09, 2005 7:14 pm)
Hello zarethustra. Here is the information that you are looking for. If you were to lease a 2005 Acura RL through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00260 and 54%, respectively. The numbers for an otherwise identical 39 month lease should be .00260 and 48%. If you were to lease this car with only 12,000 miles per year, its residual values would be 2% higher.
 
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#68 of 299 Re: Re: 24 Mo. Lease vs 36 Mo Lease [csbrown] by Car_man HOST

Nov 20, 2005 (7:56 am)

Replying to: csbrown (Nov 10, 2005 6:38 am)
Hi csbrown. The selling prices of leased vehicles are absolutely negotiable. Negotiate as good a selling price as you can on the Acura RL that you want and then have the dealer calculate its lease payment for you.
 
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.
 
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#69 of 299 Accessories and Leasing by birdbird

Nov 26, 2005 (11:35 pm)

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!

#70 of 299 Current '06 lease offer terms? by hannab

Nov 29, 2005 (3:53 am)

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

#71 of 299 Re: Current '06 lease offer terms? [hannab] by birdbird

Nov 29, 2005 (10:18 am)

Replying to: hannab (Nov 29, 2005 3:53 am)
We need to get car_man's opinion on this, but I think the monthly payment right now, with tax included, work work out to be about $750.00 per month. At least with the sales tax rate in my area. I think it's interesting that both the '05 and '06 are listed at the same lease deal, I think.
 
Car_man, do you think Acura will come out with a more enticing deal in December and what time of the month should we expect their offer to change or not?

#72 of 299 Re: Current '06 lease offer terms? [birdbird] by birdbird

Nov 29, 2005 (10:20 am)

Replying to: birdbird (Nov 29, 2005 10:18 am)
The lease payment I am talking about would be including tax in my area and with a walk off (meaning the amount due at signing) of about $1100.00. I am wondering if they will be sweetening their offer in a few days?

#73 of 299 Re: Accessories and Leasing [birdbird] by Car_man HOST

Dec 06, 2005 (4:24 am)

Replying to: birdbird (Nov 26, 2005 11:35 pm)
That's a good question, birdbird. You should be able to add just about any dealer-installed option to your car that you want. Having said this, it can be expensive to add options like the one that you mentioned to leases because these items usually cannot be residualized. This means that you will have to pay for their entire cost over the course of your lease. Let's say that you are leasing an RL for 36 months and want a $2,000 dealer-installed option. This option would increase your lease payment by $55.56 a month. I noticed that Acura has the same advertised lease payment on both the 2006 and 2005 RL on its site. I guess that the 2006 model's residual values are so much higher than the 2005 model's are right now that they can advertise the same payment on it without any dealer cash.
 
Car_man
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#74 of 299 Re: Current '06 lease offer terms? [hannab] by Car_man HOST

Dec 06, 2005 (4:28 am)

Replying to: hannab (Nov 29, 2005 3:53 am)
Hi hannab. Your calculations are a little off, Honda Finance's current 36 month buy rate lease money factor for the 2006 RL is only .00260.
 
Car_man
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#75 of 299 Re: Current '06 lease offer terms? [birdbird] by Car_man HOST

Dec 06, 2005 (4:30 am)

Replying to: birdbird (Nov 29, 2005 10:18 am)
Hey birdbird. Acura's November lease program on the 2006 RL is scheduled to run though January 3rd. It has not made any sort of December enhancement to its lease program for this car yet and unfortunately I don't expect it to.
 
Car_man
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#76 of 299 Re: Current '06 lease offer terms? [Car_man] by rlsrlj

Jan 05, 2006 (6:39 am)

Replying to: Car_man (Dec 06, 2005 4:30 am)
I just noticed that the lease deal has bee extended to Jan 31 '06. I am wondering if the 36 month/ 599 a month/3600 down is their best deal or can I negotiate lower amount for say a 42 month lease?

Messages Page 8 of 31

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