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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 30

#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?

#77 of 299 Re: Current '06 lease offer terms? [rlsrlj] by Car_man HOST

Jan 08, 2006 (9:04 am)

Replying to: rlsrlj (Jan 05, 2006 6:39 am)
Hi rlsrlj. Most manufacturers' advertised lease payments leave a little meat on the bone so to speak. I believe that Acura's current advertised lease on the 2006 RL is based upon a selling price that it around $1,700 over dealer invoice. This is not bad for a car that has a spread of over $5,000 between its full MSRP and invoice prices, however if you are in an area where there is a decent level of competition for your business I would not be surprised if you were to negotiate another $500 or $1,000 off. Doing so will lower this car's lease payment. A longer lease will likely lower its lease payment as well.
 
Car_man
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#78 of 299 Re: Current '06 lease offer terms? [Car_man] by rlsrlj

Jan 09, 2006 (8:10 am)

Replying to: Car_man (Jan 08, 2006 9:04 am)
Thanks for the advice. Unfortunately, There is only one Acura dealer in my area. I guess I can travel out of state or go to Huntsville. I really need the payments to be in the mid 500's..but I hate to put as much money down as the deal requires: 3600... This car may just be to expensive for me

Messages Page 8 of 30

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