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Acura TL Lease Questions

2097 messages,  Last post on Dec 01, 2009 at 12:28 PM

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

What is this discussion about? Acura TL, Car Leasing, Sedan


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#1573 of 2097
2008 TL-S lease numbers (chicago) by przemekg
Oct 03, 2008 (11:03 am)
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No money down, 4 year lease, 15,000 a year: $529.
 
already done deal, but want to spread the word
#1574 of 2097
(Carman) TL Type S Lease Figures by sta2631
Oct 03, 2008 (1:24 pm)
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Hi Carman,
 
Hopefully you can tell me if I'm getting a good deal on a 2008 TL Type S. I spoke with my local Acura dealer today and was quoted for a 2008 Type S. The Adj. cap cost is $34,095. I was quoted for a 42 mth lease with 10,000 miles yr. Residual on vehicle is $18322.95 (47%) with a factor of .00265. Total out of pocket upon delivery is $500.00. All other fees will be rolled into my pmt including taxes. Total monthly pmt. with Taxes will be $540.16. Do you think I'm getting a good deal?
 
Thank You
#1575 of 2097
08 tl base lease.. by davidros11
Oct 04, 2008 (10:35 pm)
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can someone please give me some advice. i leased a 08 accord exl v6. absoutely hate it. problem is i rolled about 5800 negativity in from a 06 mustang GT LEMON.
well anyway wife just leased a 08 tl. i went to the same dealer to see if he can do anyhting for me on a 08 tl. this is what he came up with. i owe 30k pay off on the accord. they will give me 23k therefore rolling 7k negativity into the TL. I would need to put down 4k and my payments would be 529 a month for a 48/10k miles lease. i am pretty sure the selling price is 34k ( with the negativity) for the new tl. without the negativity 27k.
can someone please give me advice if the dealer is giving me a good deal or trying to pull a fast one. i hate to get in deeper but really want out of the accord.
i can be emailed at davidroscomcast.net any help is GREATLY appreciated before i pull the trigger on this...
#1576 of 2097
Re: (Carman) TL Type S Lease Figures [sta2631] by Car_man HOST
Oct 05, 2008 (4:11 pm)
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Replying to: sta2631 (Oct 03, 2008 1:24 pm)

Hi sta2631. The dealer invoice price for a 2008 Acura TL-S without the high performance tires with an automatic transmission is $35,895. When one subtracts the $3,500 dealer cash that is available on this model from that, we're talking about $32,395. The selling price that you were quoted is $1,700 over that. Given the fact that this is a 2008 model, I personally would not be surprised if you were able to beat this price by comparison shopping with a few other dealers. Give it a shot, you don't have anything to lose. You also may want to stop by the "Acura TL Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.
 
The money factor that you were quoted looks about right for a 36 month lease of this car with a waived security deposit.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1577 of 2097
Re: 08 tl base lease.. [davidros11] by Car_man HOST
Oct 05, 2008 (4:17 pm)
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Replying to: davidros11 (Oct 04, 2008 10:35 pm)

Hi davidros11. My advise to you is that you absolutely should not roll more negative equity into another vehicle. Why do you hate your Accord so much? Also, it would be one thing if you hated the Accord and wanted to get into a vehicle made by another manufacturer...but the Acura TL is made by Honda as well. You may end up hating the TL too. The Accord is a nice car, you would be much better off financially if you just stuck with this lease until its scheduled end and then got something new.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1578 of 2097
Re: 08 tl base lease.. [Car_man] by davidros11
Oct 05, 2008 (4:23 pm)
Reply

Replying to: Car_man (Oct 05, 2008 4:17 pm)

car man,
thank you very much for your reply. i understand exactly what you mean.
aside from rolling in the negativity, what do you think of the numbers out of curiousity
#1579 of 2097
lease extension by surge1
Oct 06, 2008 (11:48 am)
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i am thinking of extending my 24 mo. lease on '06 TL no navi. the current deals right now don't strike me and i am willing to wait a month or two to see if anything better comes along.
 
my question is as fallows: does it actually make sense to extend it? honda financial people state that i have to pay an extra tax of $35 a month to be payable upfront for the period of extension. this doesn't make sense to me since the tax was rolled into my current payments, so wouldn't I be paying the tax twice?
 
my original deal was for $422, 10k mi, 0 down, 24 months. i was just offered same deal for 36 months instead of 24 months on the '08 TL. is that reasonable given an extra year and current rates?
 
thank you!
#1580 of 2097
Re: Acura TL: Lease Questions [Car_man] by privatepilot83
Oct 08, 2008 (1:12 pm)
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Replying to: Car_man (Aug 31, 2005 2:02 am)

I worked with Leases in the past and they are not that complicated. First know that most domestic Manufacturers have discontinued leasing because they have lost a lot of money doing it. Example; Take a Ford F150 Pickup, with an MSRP of say $18,000. Discount the vehicle down to say $16,000, then Lease for 2 years at $199/m (using 12,000 miles per year). FMC established the Residual (value of the truck at the end) as being $11,000! That's a $5000 difference, divided by 24 months, equals $208/m. But the reality was, at the end of the lease 2 years later, the Residual was only $8,000! That's a huge difference ($3,000). Now some of that is covered by Insurance that they buy upfront, but the rest is pure loss, so after doing that with say 40,000 vehicles, you can see why they stopped leasing. Most Imports do not have the same problems because their Residuals didn't drop so dramatically.
So you can see how Leases are built! A finance Company, builds the lease by starting at the MSRP, discounting it a little, then once the Mileage Usage is know, they can establish the Residual, then choose the Monthly and anything left over is Money Down!
Example, let's says a TL has an MSRP of $35,000. Discount that maybe $500, then build in the mileage (say 10,000 miles per year) for 3 years. Using past examples, the Residual is around $22,000. The difference is $13,000. Say you want to advertise a $349/m payment. $350 times 36 months equals $12,600, so add the left over (About $1,000 with the Money Factor) to the first monthly payment and that's your money due at signing ($1,350) plus the Plate Fees and your done! Knowing how much you want to pay per month, how many miles per year you plan on using (always buy the miles up front, never buy too few and pay for the overage, it's more that twice as expensive.) and how much you want to pay upfront, you can get pretty close! Hope that helps, Jeff.
#1581 of 2097
Re: lease extension [surge1] by privatepilot83
Oct 08, 2008 (1:15 pm)
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Replying to: surge1 (Oct 06, 2008 11:48 am)

Is the Lease through AHFC? They are usually pretty flexable with just paying the same for an extra month of two. If you still need time to think, it sounds like you could just keep doing what you're doing until you're ready to trade up!
#1582 of 2097
Re: (Carman) TL Type S Lease Figures [Car_man] by sta2631
Oct 08, 2008 (8:16 pm)
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Replying to: Car_man (Oct 05, 2008 4:11 pm)

Thanks for the your advice... In looking at the numbers once again, the sale price on the vehicle is $33,500. The total cap cost is $34.095 due to me rolling in the Acq. fee.
All the other numbers i provided were accurate. With that being said I'm only paying roughly $1,100 over invoice. Do you think i can still talk them down? Also... What's considered high performance tires? This vehicle comes with the standard 18" Type S honeycomb wheels...
 
Thanks

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