Last post on Dec 03, 2013 at 6:12 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura TL, Car Leasing, Sedan
#1692 of 3085 Leasing 09 TL AWD with Tech
Dec 09, 2008 (4:29 pm)
My local Acura dealership (central NJ) just called me earlier today to let me know that the leasing deal is better than last month. However, I wonder if it is truly attractive at all. Here are the figures he presented:
Money factor: 0.00165 for 36 months (both 10000 miles & 12000 miles annually).
Residual value: 61% for 10000 miles, and 60% for 12000 miles.
List price of car: $42995 including destination.
Lease based on $41500 selling price (Cap Cost).
Initial payment: $2000 which includes:
$595 acquisition fee
$389 doc fee
$298 motor vehicle fee
$7.50 tires fee
$9 additional fee
First month lease payment: $572 for 10000 miles & $585 for 12000 miles.
The balance is applied towards the reduction of cap cost.
The $572 monthly payment includes 7% NJ sales tax.
The $585 monthly payment includes 7% NJ sales tax as well.
I am looking for monthly payment in the low $500 range. Am I asking for too much at this point? The sales rep kept saying there is only 10% AWD with Tech available and I should jump in to this deal. I have an alternative: the 2008 Infiniti G35X with Navi and Premium package. I have been watching both cars since October. I need some help in this forum on leasing terms. Thanks in advance.
#1693 of 3085 Re: Leasing 09 TL AWD with Tech [njalan]
Dec 09, 2008 (4:52 pm)
I am in TX and the lease deal today is better than it was Friday due the the new money factor. I al looking at a TL-Tech (no AWD), and my deal is posted above.
#1694 of 3085 Re: Leasing 09 TL AWD with Tech [ceg1]
Dec 09, 2008 (5:08 pm)
I got an email from my local dealer today. Offered the TL for 399 with 1999 down. I only go for ZERO money down deals. I am sure this is the non tech TL model. There is no way in this economy I would pay upwards of $500 a month. If you can wait I think there will be better deals ahead as the entire car market and economy weakens further. Also consider the fact that american honda wants good credit risks only that will definitely eliminate those with lesser credit therefore making it even harder to lease cars. This affects all car leases not just Honda. Just my 2 cents. I had a Tl previously and do like American Honda as they have been good to me.
#1695 of 3085 Re: New MF for 2009 TL and TL-Tech [dimaria]
Dec 09, 2008 (5:12 pm)
Honda just changed the MF for the 2009 TL and TL-Tech.
Can you ask your dealer if they changed the MF on the TSX?
#1696 of 3085 Re: Leasing 09 TL AWD with Tech [ceg1]
Dec 09, 2008 (5:22 pm)
Thanks ceg1. Your Posting #1688 lists the MSRP as $39445 for the TL with Tech, right? And you managed to get the selling price down to $36196.75, correct? If so, the discount is $3248.25 for a brand new 2009 TL, WOW!
My dealership is offering $41500 as selling price of the AWD with Tech, a mere $1495 discount from the $42995 listing price. The difference is $1753.25 and I will sure mention this to my sales rep next time I talk to him. I understand the AWD version would get less discount, but that much less?
Would anyone out there who had shopping experience with the TL AWD with Tech please share your experience? Thankssssssssssssssssssssss!
#1697 of 3085 Acura TL Lease help
Dec 15, 2008 (7:23 am)
I am looking into leasing a 2008 Acura TL. The problem for me is I have a trade in that I am way upside down on. I think leasing would be great way for me to get rid of this negative equity at the end of the lease. The other issue is I dont have and money to put down however I have outstanding credit so I should qualify for the best rates out there. my thoughts are a 60 month lease with 12k miles per year. Im about 10k upside down and I really need to be about $550 per month. any advice or any idea of what kind of payment I should be expecting?
#1698 of 3085 Re: Acura TL Lease help [cnthngs97]
Dec 15, 2008 (10:27 am)
what kinda car you got? I mean upside down 10g is a lot. Better ride it out, it's not worth buying anew car. Maybe selling it works out better for you.
#1699 of 3085 Re: Acura TL Lease help [toyoman8]
Dec 15, 2008 (10:52 am)
I have a 2007 Yukon. and withthe way GM is looking it is not going to get much better. I got roped into financing for 84 months so I would have a long ride to ride it out.
#1700 of 3085 Re: Acura TL Lease help [cnthngs97]
Dec 15, 2008 (2:26 pm)
I would not recommend doing a lease for 60 months. You might as well buy the car at a very low APR since you have good credit. You should at least put 1k down. If you are really upside down, the bank will not approve the loan or leasing terms because the overall price of the vehicle will be way higher. Best bet is ride it out for several years & as the balance of your Yukon lowers, then you trade it in. Otherwise, sell it on your own. Dealer will give you nothing for your vehicle.