- #1319 of 1579
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Re: Base TL from Long Island, NY [iioneosixii]
by Car_man HOST
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Mar 25, 2008 (2:55 am)
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Replying to: iioneosixii (Feb 19, 2008 9:08 pm)
Hi iioneosixii. Honda is currently providing a $1,000 cash incentive on leases of the 2008 Acura TL through Honda Finance. As a result, in an area that has a decent level of competition...like New York...you should be able to do better than dealer invoice on this car right now. See my previous post for a sample lease payment on this car.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1320 of 1579
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Re: lease numbers for a TL-S [boe747lcf]
by Car_man HOST
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Mar 25, 2008 (3:04 am)
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Replying to: boe747lcf (Mar 02, 2008 11:22 pm)
Hi boe747lcf. Yes, Acura does normally provide support on 24 month leases. Its 24 month special money factors are the same as its 36 month factors. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Acura TL-S with 10,000 miles per year are .00101 and 63%, respectively. Keep in mind that a 24 month lease of this car will have a higher monthly payment than a 36 month lease of it because you are spreading out the large initial depreciation hit that new vehicles experience out over 12 fewer payments.
Car_man
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- #1321 of 1579
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Re: Acura TL-S MF and Residual [ribbonking]
by Car_man HOST
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Mar 25, 2008 (3:33 am)
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Replying to: ribbonking (Mar 04, 2008 9:40 am)
Here's the information that you're looking for, ribbonking. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Acura TL-S with 15,000 miles per year are .00101 and 61%, respectively. The numbers for an otherwise identical 36 month lease are .00101 and 52%. When negotiating your lease on this car, make sure to take the $1,000 cash incentive that is available on leases of it through Honda Finance into account.
Car_man
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- #1322 of 1579
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Re: TL Type S - is this a good deal? [hurl]
by Car_man HOST
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Mar 25, 2008 (3:56 am)
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Replying to: hurl (Mar 05, 2008 1:36 pm)
Hi hurl. You are paying way too much money at lease signing on this deal. I always advise consumers not to make any sort of capitalized cost reduction on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease, even though it means that your monthly payment will be a little higher. You can still trade in your existing vehicle when you lease your new one. Just have the dealer cut you a check for any equity that you have in it rather than using the proceeds as a down payment.
The money factor and lease cash that you mentioned in your post look good, but you never mentioned what this car's selling price is. This is an important number to find out. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing this vehicle. Try to negotiate a selling price of slightly over dealer invoice before the deduction of the $1,000 incentive.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1323 of 1579
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Re: Acura TL Type S w/auto [dap2006]
by Car_man HOST
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Mar 25, 2008 (3:59 am)
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Replying to: dap2006 (Mar 06, 2008 3:37 am)
Congratulations on getting your new TL, dap2006. Thanks for taking the time to share the details of your lease with everyone. Real-world examples like this are always helpful to others who are in the market for similar vehicles. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience. Enjoy your new ride  .
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1324 of 1579
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Type S Lease Question
by tmd820
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Mar 25, 2008 (11:06 am)
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Hello Everyone,
I'm new to the forum and I was doing some research trying to find out about what a good deal is for a Type S lease. I'm interested in a monthly payment of no more than $350. I'm looking for 36 months, 12K/yr. My question is how much should I have to put down in order to get a $350 payment?
Thanks!
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- #1325 of 1579
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Re: TL - S in NJ Quote [darb76]
by Car_man HOST
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Mar 26, 2008 (2:17 am)
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Replying to: darb76 (Mar 10, 2008 9:24 am)
Hi darb76. I just worked up a sample lease payment on a 2008 Acura TL-S with an automatic transmission but without the high performance tires. Using a selling price of dealer invoice minus the $1,000 cash incentive that Acura is providing on leases of this car through Honda Finance right now, I came up with a zero down, pre-tax monthly payment of around $461. You were quoted a payment of $495. This payment probably includes sales tax. If so, then this car's selling price is probably around $500 to $1,000 over invoice which is a pretty good deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1326 of 1579
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Re: renewing tl lease [chachosp12]
by Car_man HOST
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Mar 26, 2008 (2:20 am)
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Replying to: chachosp12 (Mar 13, 2008 9:52 pm)
Hi chachosp12. You asked what price you should put down on your new lease. My answer to that question is nothing. I always advise consumers not to make down payments on leased vehicles. Those who make one risk losing it if their vehicle is totaled in an accident or stolen and never recovered. Consumers can and should lease whatever vehicle they are interested in without making any sort of down payment. You would be better off paying for the excess mileage that you racked up on your TL lease directly to Honda Finance out of your own pocket than rolling it into your next lease.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #1327 of 1579
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Re: Any input with this lease offer will b appreciate [inkace]
by Car_man HOST
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Mar 26, 2008 (2:24 am)
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Replying to: inkace (Mar 21, 2008 7:32 pm)
Hi inkace. This looks like an excellent deal to me. The selling price that the dealer quoted you is just slightly over dealer invoice minus the $1,000 dealer cash that Acura is currently providing on leases of the '08 TL through Honda Finance. Plus the dealer that you are working with is using Honda Finance's buy rate lease money factor to calculate your payment. If you like the car, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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- #1328 of 1579
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Re: '08 TL w/nav [rebecca24777]
by Car_man HOST
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Mar 26, 2008 (2:27 am)
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Replying to: rebecca24777 (Mar 22, 2008 6:36 pm)
Hi rebecca24777. The dealer invoice price for a 2008 Acura TL with navigation is $33,998. We subtract the $1,000 cash incentive that Acura is providing on leases of this car through Honda Finance from that we arrive at basically $33,000. If I was in the market for this car right now, I personally would shoot for a selling price of a couple hundred dollars over that. Once you arrive at a price that you are comfortable with, have the dealer that gives it to you calculate your car's monthly payment using its buy rate lease money factor of .00101 and you're in business.
Car_man
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