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Acura TL Lease Questions

2070 messages,  Last post on Nov 05, 2009 at 3:23 AM

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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#1593 of 2070
Re: Acura TL: Lease Questions [njalan] by kyfdx HOST
Oct 30, 2008 (4:39 pm)
Reply

Replying to: njalan (Oct 30, 2008 4:19 pm)

The formula is actually trying to get an average of the two numbers.. So, they are added together.
 
Dividing by two is already accounted for in the money factor, itself.
#1594 of 2070
Re: Acura TL: Lease Questions [kyfdx] by njalan
Oct 30, 2008 (5:32 pm)
Reply

Replying to: kyfdx (Oct 30, 2008 4:39 pm)

Your explanation/answer is short, sweet and to the point, thanks. I actually proved the formula to be correct after I sent my previous posting. As it turns out, the effective interest rate is 6.878% annually and is accurate to within 30 cents over 36 months.
 
Since the interest rate is higher than I expected I better do more shopping or wait a bit longer for a better leasing term.
 
Any advice on leasing the 09 TL AWD vs leasing/buying an 08 Infinity G35x AWD as inquired by Metalblaze on Posting #9853 (Acura TL prices paid & buying experience)? At 32500 plus TTL and 0.9% financing, it appears to be a good buy, does it not?
#1595 of 2070
November Lease Info by seekacurainfo
Nov 03, 2008 (11:20 am)
Reply
Hey Carman,
 
Can you let me know what the current lease deals are for November? I am interested in an 08 TL (any trim level) 10k miles 36 months, what is the current money factor, etc.
 
Thanks
#1596 of 2070
2009 TL AWD pricing by rxke
Nov 03, 2008 (11:40 am)
Reply
Hi Carman
 
I am interested in a 2009 Acura TL AWD and possibly the AWD with the technology package. I have not been able to find the invoice price for these cars. When do you think they will be available? I would also appreciate finding out the Nov numbers for this car relative to money factor and residual value so I can figure out the correct monthly lease cost for the car. I live in NY(Westchester county) and would do a 36 month lease with 15K per year with zero down and the taxes included in the monthly payment. You have always been a great help in the past. This information makes negotiating with the dealers a lot easier. Could you also tell me the Nov numbers(comiong out soon) for the Audi 3.2 with the premium plus package so I can compare the cost of leasing between the two cars?
 
Thank you again for your help.
 
RXKE
#1597 of 2070
End of Lease Question on TL by gabbo
Nov 04, 2008 (4:45 pm)
Reply
Not an actual new lease question, but to get some help.
 
Not knowing about these types of resources, I got fleeced on my 2005 Acura TL lease. Well the deal wasn't too bad, but I made a few mistakes.
 
Long story short, I got a 48 month lease with first payment due at $460 a month. Living in Texas I got stuck paying interest of the full car which increased the cost slightly. The big mistake I made was getting a 12,000 month lease. I ended up changing jobs and will probably be about 12K-14K over over when the car is due. The car is also with US Bank, which from what I read is notorious for being very hard on end of lease condition. My concern is I can get hit with about $2500-$3000 when the lease is due.
 
There really isn't any car I'm itching to get and am changing my mindset. I want to get out of the leasing two cars, so I am weighing two options.
 
1. Get out of the lease and by a late model used car a step down (like a Nissan Altima) for around 15,000, pay it off quickly and drive it till the wheels fall off.
 
2. Buy the TL and plan on driving it until the wheels fall off.
 
I can get out of the TL for 19,000 right now or $16,400 when the lease is up. I'd purchase it through my credit union for a very competitive (4%) rate. I keep thinking that I'll have to write a big check for the end of this lease (or roll it into a note) which seems like a waste of money. So I may be better off sticking with the TL. It has a few more miles on it, but I have no doubt it will run fine for 5 more years. I'd rather have the bells and whistles of the TL for 5 years than a stripped down Altima.
 
Does that make sense? Or would buying it be a foolish financial decision?
 
Also, I read on the site that there can be some flexibility at the end of the lease purchase price. The value for the TL seems fairly close to market. If US Bank thinks they will get less at auction, would they be willing to move off the contract residual price.
 
When I called about the purchase numbers today, they were quick to waive most of the fees. It seems like they were anxious to sell.
#1598 of 2070
09 TL recent lease by ezielanski
Nov 04, 2008 (7:15 pm)
Reply
I just leased an 09 TL with Tech. $39,500 w/splash guards, side molding ans wheel locks. 36 mo, 10K per yr, no money down for $539 per month. After visiting several dealers I finally pulled the trigger at Princeton Acura in New Jersey. Great place to work a deal. I felt I could have did a little better (I always feel this way after a large purchase), but I was tired of the numbers after a month of working it. Anybody that's done better I would like to hear.
#1599 of 2070
Re: 09 TL recent lease [ezielanski] by chuckjr
Nov 04, 2008 (8:05 pm)
Reply

Replying to: ezielanski (Nov 04, 2008 7:15 pm)

what were the lease figures? did they change from the october numbers?
Congrats. I hope to pull the trigger as soon as my current lease transfer goes through. I've got one local dealer at $900 over and another willing to beat when i am ready. BMW is also looking super attractive although i liked the TL over the 328
#1600 of 2070
Re: 09 TL recent lease [chuckjr] by lax29
Nov 05, 2008 (12:31 pm)
Reply

Replying to: chuckjr (Nov 04, 2008 8:05 pm)

Are you saying that you have found a price of $900 over invoice on a 09 TL?
#1601 of 2070
Re: 09 TL recent lease [lax29] by chuckjr
Nov 05, 2008 (2:06 pm)
Reply

Replying to: lax29 (Nov 05, 2008 12:31 pm)

yeah $900 over $32895. if you are LA in the area try Internet sales at Sierra Acura in Alhambra - not exactly west LA but he was willing to deal. In my calls there were a couple dealers willing to deal since there are probably seven dealers within 50 miles. Most were still at MSRP.
#1602 of 2070
Re: November Lease Info [seekacurainfo] by Car_man HOST
Nov 05, 2008 (6:21 pm)
Reply

Replying to: seekacurainfo (Nov 03, 2008 11:20 am)

Hey seekacurainfo. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Acura TL without navigation with 10,000 miles per year are .00290 and 51%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. When negotiating your lease on this car, make sue to take advantage of the $3,500 cash incentive that is available on it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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