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Acura RSX Lease Questions - READ ONLY

68 messages,  Last post on Feb 29, 2008 at 1:30 PM

You are in the Prices Paid & Leasing Experiences Archive Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Acura RSX, Car Leasing, Coupe


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#20 of 68
What is the prognosis for offers for purchase and leasing for Nov 05? by bedi
Nov 01, 2005 (2:31 pm)
The Oct 31st, lease offer has ended and there is lowered interest rates for purchase for the next day of two .
What is the prognosis for offers for purchase and leasing for Nov 05?
#21 of 68
Re: RSX lease by Car_man HOST
Nov 03, 2005 (4:10 am)
Hi michael_lee76. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
 
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#22 of 68
Re: What is the prognosis for offers for purchase and leasing for Nov 05? by Car_man HOST
Nov 03, 2005 (4:13 am)
Hello bedi. Acura basically continued the special lease program that it was providing on the 2006 RSX in October through the end of November. The specifics of the program are a little different, it lowered its special lease money factor a little bit to make up for a drop in this car's residual values, but the lease payments that result from it should be about the same. The special finance rates that you mentioned are a limited time, regional program that I do not expect to be extended.
 
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#23 of 68
Type-S Lease questions by pocari
Nov 20, 2005 (2:01 pm)
Are there any special offers for leasing a 2006 RSX Type-S? I am looking in the Dallas/Fort Worth area. I'd like to get some guidance on residuals (36/39/42 month, 15k/year) and cost of finance.
 
Thanks!
#24 of 68
RSX-TypeS - Is this a good Lease Deal? by brian5054
Nov 26, 2005 (8:09 pm)
I'm considering a lease on an RSX-Type S with the following parameters. Is this a good deal? How much better do you think I can do?
 
Term: 36 months
Sticker + Destination: $24460
Discount: $500
Total vehicle cost: 23960
Residual Value: 14676
Money Factor: 0.0009
Sales tax: $1497 (0.0625)
12,000 miles per year
Houston, TX Area.
Monthly Payment: $360
Due at signing $360.
 
Thanks for your feedback...
#25 of 68
Re: Type-S Lease questions [pocari] by Car_man HOST
Dec 06, 2005 (3:33 am)

Replying to: pocari (Nov 20, 2005 2:01 pm)

Yes, pocari, Acura is running a special lease program on the 2006 RSX right now. If you were to lease a 2006 Acura RSX Type-S 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 .00080 and 58%, respectively. The numbers for a 39 or 42 month lease of this car should be .00080 and 55%.
 
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#26 of 68
Re: RSX-TypeS - Is this a good Lease Deal? [brian5054] by Car_man HOST
Dec 06, 2005 (3:52 am)

Replying to: brian5054 (Nov 26, 2005 8:09 pm)

Hi brian5054. The lease money factor that you were quoted is in line with Acura's special lease money factor for this car. That is a good sign. I just estimated what this car's lease payment should be using Acura's current lease program and came up with a zero down, pre-tax monthly payment of around $293. If you were to add the $1,497 sales tax to this car's capitalized cost, it would bring the monthly payment to $336. As you can see, the payment that you were quoted is a little higher than this. If I was in your situation, I would want the dealer to explain to me why this is the case. Also, I don't know what the supply of RSX Type-S models is like out there, but $500 is not much of a discount on a car that has a spread of over $2,000 between its full MSRP and dealer invoice prices.
 
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#27 of 68
how do you translate apr to money factor by gearyblvd
Dec 06, 2005 (6:27 pm)
on a 2.9% APR, if translated to lease money factor, what is that amount be if translated in money factor? is the lease money factor somewhere around 0.0009 or something?
#28 of 68
Re: how do you translate apr to money factor [gearyblvd] by kyfdx HOST
Dec 06, 2005 (7:57 pm)

Replying to: gearyblvd (Dec 06, 2005 6:27 pm)

Divide by 2400....
 
2.9% / 2400 = .0012 approx.
#29 of 68
Re: RSX-TypeS - Is this a good Lease Deal? [Car_man] by brian5054
Dec 07, 2005 (10:36 am)

Replying to: Car_man (Dec 06, 2005 3:52 am)

Hi Car_man, Thanks for the reply. My payment of $358 vs your calculated pmt of ~$336 amounts to a difference of about $22*36=$792. ~$200 of this is Title, License, Inspection etc... All legit costs, I believe. The dealer also stated that there was a $595 "origination" fee. I don't know how standard this fee is but I accepted it and took the deal. They also threw in free oil changes for two years. I feel fairly comfortable about this deal, even with the low MSRP discount of $500, since I shopped around at two other area Acura dealers and they could not match the deal. I think these cars are pretty sparse in my area since I've been driving the car for awhile now and have not seen a single one on the road other than mine. It is fun to drive...

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