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Acura RSX Lease Questions - READ ONLY

68 messages,  Last post on Feb 29, 2008 at 2:30 PM

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

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#65 of 68 Re: August RSX Type S Lease [jbell67] by Car_man HOST Sep 11, 2006 (3:02 am)
Replying to: jbell67 (Aug 18, 2006 9:22 am) Hello jbell67. Unfortunately, with its new September lease program Acura stopped providing lease support on the RSX. As a result, if you were to lease one through Honda Finance now you would have to use its standard lease program, which is much worse than the special program that was available on the RSX in August. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2006 RSX-S with 15,000 miles per year are .00283 and 58%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.   I am not intimately familiar with what the market is like for this model right now, but I suspect that most dealers would be happy to blow out any remaining '06 RSX models that they have at fairly close to dealer invoice. You can look up the dealer invoice of the model that you want by visiting the following section of this site: Edmunds.com - Acura Pricing. In general, there's nothing wrong with leasing a model that will be discontinued but this car's lease program is so bad that there are probably a number of better vehicles for the money out there right now.   Car_man Host Prices Paid Forum
#66 of 68 Re: RSX Base Model 36/12k and 48/12k MF and Residuals [alberty] by Car_man HOST Sep 11, 2006 (3:05 am)
Replying to: alberty (Sep 09, 2006 5:29 am) You're very welcome, alberty. I'm glad to hear that you got a good deal on your TSX. Unfortunately, Acura's lease program for the RSX is not very attractive right now. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2006 RSX with 12,000 miles per year are .00283 and 57%, respectively. The numbers for an otherwise identical 48 month lease are .00283 and 47%.   Car_man Host Prices Paid Forum
#67 of 68 Car man...2 quick questions by mrfurious214 Feb 24, 2008 (6:11 pm)
Replying to: jsicolo (Mar 09, 2006 7:05 pm) 1. I got a lease in May 2006 on a 2006 Acura RSX Type-S. I put $1300 down and my payments are $305 per month (including tax) for 36 months with 15k miles per year. Was this a good deal?   2. I have not put as many miles on my car as I thought I would be. Currently I have just under 24,000 miles. I will prob only be driving 750 miles per month going forward which will put me severley under the 45k I pay for. How does this affect me when my lease is up? Will I be able to get this equity out of the car being that it will be worth more than what it would be if I used all 45k? Or will I just lose this all since it's leased? Please explain how that will work. Replies to this message: gforce11 (Feb 29, 2008 2:30 pm)
#68 of 68 Re: Car man...2 quick questions [mrfurious214] by gforce11 Feb 29, 2008 (2:30 pm)
Replying to: mrfurious214 (Feb 24, 2008 6:11 pm) This won't affect your lease, they will not reimburse you for the miles that you haven't driven. The only way to get some equity for the car is to sell it. You probably will have to buy it from the leasing bank first, then sell. Trading it in will effectively destroy any equity you had on the car.

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