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Acura TL Lease Questions

2090 messages,  Last post on Nov 30, 2009 at 11:13 AM

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

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#1697 of 2090 Acura TL Lease help by cnthngs97 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? Replies to this message: toyoman8 (Dec 15, 2008 10:27 am) cnthngs97 (Dec 15, 2008 10:52 am) diddy_nyc (Dec 15, 2008 2:26 pm) Car_man (Dec 16, 2008 4:05 am)
#1698 of 2090 Re: Acura TL Lease help [cnthngs97] by toyoman8 Dec 15, 2008 (10:27 am)
Replying to: cnthngs97 (Dec 15, 2008 7:23 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. Replies to this message: cnthngs97 (Dec 15, 2008 10:52 am) diddy_nyc (Dec 15, 2008 2:26 pm)
#1699 of 2090 Re: Acura TL Lease help [toyoman8] by cnthngs97 Dec 15, 2008 (10:52 am)
Replying to: toyoman8 (Dec 15, 2008 10:27 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. Replies to this message: diddy_nyc (Dec 15, 2008 2:26 pm)
#1700 of 2090 Re: Acura TL Lease help [cnthngs97] by diddy_nyc Dec 15, 2008 (2:26 pm)
Replying to: cnthngs97 (Dec 15, 2008 10:52 am) 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.
#1703 of 2090 Re: Leasing 09 TL AWD with Tech [njalan] by bobross1 Dec 15, 2008 (11:09 pm)
Replying to: njalan (Dec 09, 2008 4:29 pm) I just got a quote from a dealer on a base+ tech- $2200 at signing $489(w tax) per month 36 months 12k per year They factored in my final 2 payments on my car ($900 total). What do you think? Replies to this message: Teachndoc (Dec 16, 2008 2:24 am)
#1704 of 2090 Re: Leasing 09 TL AWD with Tech [bobross1] by Teachndoc Dec 16, 2008 (2:24 am)
Replying to: bobross1 (Dec 15, 2008 11:09 pm) Here are the numbers I got last week. The dealer wasn't interested in working with me on the 2 final payments of my Jeep ($1200.00) I'm going to wait and see what is offered after the New Year. The TL' s are just building up on dealer lots so I'm hoping they get more aggressive. Good luck!   Here's the Lease #'s based on a Sell Price of $36,995 Thru AHFC....0 Down 36 x 12,000....MP = $459 Due upfront is Bank Fee $595. & Taxes $1477. Total Out/Pocket (incl 1st) is $2532 + any DMV Fees !   Your deal looks better!
#1705 of 2090 Re: 2009 TL/Tech [automan999] by Car_man HOST Dec 16, 2008 (2:57 am)
Replying to: automan999 (Dec 06, 2008 9:33 am) Hi automan999. Acura enhanced its lease program on the 2009 for December. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base '09 TL with 15,000 miles per year are .00197 and 62%, respectively for consumers who qualify for its "Super Preferred" credit tier.   The money factor for the TL Tech is a slightly better .00165.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1706 of 2090 Re: 2008 TL LEASE [acuramantl2] by Car_man HOST Dec 16, 2008 (3:05 am)
Replying to: acuramantl2 (Dec 09, 2008 11:37 am) Hi acuramantl2. Unfortunately, Acura is not providing lease support on the 2008 TL any longer. If you want to lease one through Honda Finance, you would have to use its standard lease money factor, .00300, and then use the $3,500 dealer cash that Acura is providing on it to negotiate an attractive selling price.   I haven't crunched the numbers, but given the enhancement that Acura recently made to the 2009 TL's lease program I wouldn't be surprised if it was actually less expensive to lease at this point than an '08.   You may want to consider financing the '08 TL that you want using Acura's 0.9% to 2.9% special rates instead of leasing it. The aforementioned dealer cash is compatible with the special financing offer as well.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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