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Prices Paid: Buying & Leasing Experiences Prices Paid & Leasing Experiences Archive Acura RSX Lease Questions 
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
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Replying to: bedi (Sep 05, 2005 11:32 pm) The residual is a percentage of the MSRP, and is fixed by the leasing financial institution. It only varies by term and mileage of the lease. The monthly rate is never "set". That is just their advertised deal.. It will vary according to the selling price that you negotiate. The lower the selling price you negotiate, the lower the payment. Hope that helps, kyfdx Host--Prices Paid Forums
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Replying to: kyfdx (Sep 06, 2005 2:38 am) Thank you, that's good info. Please map it to the following figures given in the offer: 199/mo for 36 mos. 2,493 total due at lease signing 1,499 capitalized cost reduction 20,845 INCLUDES DEST. MSRP 18201.47 actual net capitalized cost 7,164 total monthly payment -36 mos 11,464.75 purchase at least end Cheers, b' |
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Hey bedi. I hate to say this, but it looks as though you have to renegotiate your deal if you didn't get your car yet because Acura's September program is completely different than its August program. Acura replaced the special lease money factor that it was providing on the 2005 RSX with $500 dealer cash. If you want to lease this car through AHFC in September you will have to use its standard lease program and hopefully negotiate a cap cost that is $500 lower. It did introduce lease support on the 2006 RSX. Let me know if you want informaiton on this new program. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 12, 2005 2:14 am)
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Replying to: brandi20 (Sep 12, 2005 1:36 pm) I wanted to lease a 2005, but couldn't find any before Sept 6th (or since then for that matter). So I'm looking into a 2006 lease now. One quote I got was: MSRP $20,895 Cap $19,900 Lease factor .00250 Residual 58% 36/12k Per Month $302.17 Acq. fee $595 Reg & tags $179 ( 3yr ) De.tax $547 Due at signing $1623.17 So about $300/month with $1623 due at signing. Does this seem about right? Another dealer gave me about the same price. Anyone know if there's supposed to be some sort of lease deal for the 06 in the next couple of months? Thanks.
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Replying to: bray1 (Sep 13, 2005 9:30 pm) $199/mo for 42 months $2500 due at signing That's a pretty good savings! Glad I didn't jump the gun on the other lease. |
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Thanks for taking the time to share the details of your RSX lease with everyone, brandi20. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi bray1. If I recall correctly, Acura's advertised lease on the 2006 RSX is based upon a selling price that is around $1,000 over dealer invoice. I suspect that if you shop around you will be able to get one for less than that, which would lower your car's lease payment a little bit. Also, Acura's advertised lease on this car assumes that you are making a $1,499 capitalized cost reduction. 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 RSX would be exactly the same, regardless of whether you had put $1,500 down, or had made absolutely no down payment at all. Your car's lease payment will be a little higher with no money down though. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 15, 2005 1:55 am) I am currently shopping for an 2006 acura rsx/manual/leather interior and think that a quote i got still has a lot of room for negotiation. I know that the invoice is 19,596. I got offered the same special of $199/42 mo  12K mi per year. So that the Price w/leather: $21,033 At signing would be: Down: $1400 1st month: $220 + tax Security Deposit: $225 Bank Fee: $595 + tax Plates/Reg: $265 (is this # negotiable ?) Total Down: $2899.00 This seems like a lot to put down at signing and still not a very fair negotiated sale price. I would like to negotiate the sale price at $20,096 (which is 500 over invoice) and put less $$ down. Does this seem like a reasonable deal? Thanks! golds |
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Hello golds. I agree that you should not make any sort of capitalized cost reduction when leasing. 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 RSX would be exactly the same, regardless of whether you had put $1,400 down, or had made absolutely no down payment at all. You are still going to have to pay your car's first month's payment, security deposit, and acquisition fee at lease signing though. You can have the security deposit waived for a slight increase in the money factor that is used to calculate your car's lease payment if you want. You also can have the acquisition fee added into your car's capitalized cost and finance it over the length of your lease instead of paying it at signing if you choose to. I am familiar with Acura's current advertised lease on the 2006 RSX. I believe that it assumes that the dealer is providing a $750 discount on the car's selling price. This still leaves the dealer with around a $1,200 spread between its invoice and selling price. As long as you are in an area that has a decent level of competition, you should not have too much trouble negotiating at least another $500 off of this car's selling price. Car_man Host Smart Shopper / Prices Paid Forums |
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