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Prices Paid: Buying & Leasing Experiences Acura TL Lease Questions
2098 messages, Last post on Dec 02, 2009 at 6:05 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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. |
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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.
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Replying to: ezielanski (Nov 04, 2008 7:15 pm) 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
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Replying to: chuckjr (Nov 04, 2008 8:05 pm)
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Replying to: lax29 (Nov 05, 2008 12:31 pm) |
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Replying to: seekacurainfo (Nov 03, 2008 11:20 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: rxke (Nov 03, 2008 11:40 am) Honda Finance's current 36 month, 15,000 mile per year residual value for the 2009 Acura TL is 62%. It drops to 59% for '09 TLs that are equipped with the Tech package. As far as the A4 goes, Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Audi A4 3.2 Premium Plus Sedan with 15,000 miles per year are .00169 and 55%, respectively. This program is only scheduled to run through November 11th. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Car man did the MF change in November for the 09 TLs? I am looking at an 09 TL base at 12k/yr for 3 years. thanks. Also what did BMW's change to? 328i w premium 12K/yr for 3 yrs. thanks, chuck
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I was told today that my local dealership is agressively pricing its 08 TL's (w/ NAV) for leases (nothing down; sign and drive). I've created a spreadsheet based on the calculations on this site (which I'd be happy to email if anyone wants), and here are my numbers. this seems terribly low for a monthly payment, and was wondering if anyone could share where I am off: msrp: $36,625.00 (msrp from this site) purchase: $30,000.00 (quoted from dealer) money factor: 0.0027 residual: 0.65 total: $23,806.25 pmt - residual: $6,193.75 pmt (3 yr): $172.05 interest: $145.28 total pmt: $317.33 total pmt + tax: $341.12
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Replying to: gab2409 (Nov 07, 2008 10:14 pm) The 09 base has a residual of 60% |
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