- #26 of 68
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Re: RSX-TypeS - Is this a good Lease Deal? [brian5054]
by Car_man HOST
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Dec 06, 2005 (3:52 am)
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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.
Car_man
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- #27 of 68
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how do you translate apr to money factor
by gearyblvd
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Dec 06, 2005 (6:27 pm)
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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?
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- #28 of 68
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Re: how do you translate apr to money factor [gearyblvd]
by kyfdx HOST
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Dec 06, 2005 (7:57 pm)
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Replying to: gearyblvd (Dec 06, 2005 6:27 pm)
Divide by 2400....
2.9% / 2400 = .0012 approx.
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- #29 of 68
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Re: RSX-TypeS - Is this a good Lease Deal? [Car_man]
by brian5054
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Dec 07, 2005 (10:36 am)
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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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- #30 of 68
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Re: Type-S Lease questions [Car_man]
by rws0131
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Dec 24, 2005 (1:17 pm)
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Replying to: Car_man (Dec 06, 2005 3:33 am)
Car_man,
Would you please be able to tell me the money factor and residuals for the Acura RSX Type-S for 24 months and 12,000 miles and 15,000 miles respectively???
Thanks,
RWS
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- #31 of 68
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I'm back...
by Car_man HOST
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Dec 28, 2005 (3:12 am)
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Hi everyone. I've been away on vacation for a little while. I'm going to answer any questions that have been posted over the past couple of days. I would appreciate it if anyone who has an older question than than that they would still like to have answered would post it again. Thanks and Happy Holidays.
Car_man
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- #32 of 68
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Re: Type-S Lease questions [rws0131]
by Car_man HOST
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Dec 28, 2005 (3:15 am)
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Replying to: rws0131 (Dec 24, 2005 1:17 pm)
I would be happy to help you out, rws0131. According to the latest information that I have seen, if you were to lease a 2006 Acura RSX Type-S through Honda Finance for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00080 and 65%, respectively. The 12,000 miles per year residual value would be 1% higher. This money factor assumes that you qualify for Honda Finance's top credit tier and pay a security deposit.
Car_man
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- #33 of 68
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Re: Type-S Lease questions [Car_man]
by rws0131
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Dec 29, 2005 (10:47 am)
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Replying to: Car_man (Dec 28, 2005 3:15 am)
Are those numbers the same for a regular, non type-s automatic????
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- #34 of 68
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Re: I'm back... [Car_man]
by rws0131
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Jan 05, 2006 (12:15 pm)
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Replying to: Car_man (Dec 28, 2005 3:12 am)
Car_man,
Today I was quoted these residuals and money factors for the RSX 3-Door Automatic: Money factor=.00086 for 24 or 36 months. Residuals: 24 Month/12k= 63% 36 Month/12k= 56%
Are these the proper numbers? (This is with my top tier credit score) and paying a security deposit.
RWS
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- #35 of 68
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Re: Type-S Lease questions [rws0131]
by Car_man HOST
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Jan 08, 2006 (8:14 am)
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Replying to: rws0131 (Dec 29, 2005 10:47 am)
Hi rws0131. Acura's special lease money factor is the same for both the regular and Type-S RSX, .00086, but its residual values for a 24 month, 15,000 mile per year lease are 2% lower for the regular model (62% versus 64%).
Car_man
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