- #1699 of 2081
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Re: Acura TL Lease help [toyoman8]
by cnthngs97
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Dec 15, 2008 (10:52 am)
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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.
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- #1700 of 2081
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Re: Acura TL Lease help [cnthngs97]
by diddy_nyc
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Dec 15, 2008 (2:26 pm)
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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.
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- #1703 of 2081
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Re: Leasing 09 TL AWD with Tech [njalan]
by bobross1
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Dec 15, 2008 (11:09 pm)
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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?
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- #1704 of 2081
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Re: Leasing 09 TL AWD with Tech [bobross1]
by Teachndoc
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Dec 16, 2008 (2:24 am)
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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!
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- #1705 of 2081
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Re: 2009 TL/Tech [automan999]
by Car_man HOST
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Dec 16, 2008 (2:57 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
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- #1706 of 2081
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Re: 2008 TL LEASE [acuramantl2]
by Car_man HOST
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Dec 16, 2008 (3:05 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
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- #1707 of 2081
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Re: New MF for 2009 TL and TL-Tech [drtravel]
by Car_man HOST
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Dec 16, 2008 (3:58 am)
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Replying to: drtravel (Dec 09, 2008 5:12 pm)
Hi drtravel. Acura did not enhance its money factor on the TSX when it enhanced it on the TL. Honda Finance's buy rate lease money factor for an '09 TSX is still .00263 for consumers who qualify for its "Super Preferred" credit tier.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1708 of 2081
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Re: Acura TL Lease help [cnthngs97]
by Car_man HOST
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Dec 16, 2008 (4:05 am)
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Replying to: cnthngs97 (Dec 15, 2008 7:23 am)
Hi cnthngs97. $10,000 is a lot of negative equity to roll into a lease. Unfortunately, I doubt that Honda Finance would let you put that much into a lease of an '08 TL. A base 2008 TL has a spread of a little over $2,700 between its full MSRP and its dealer invoice price. Add to that the $3,500 dealer cash that Acura is providing on it and there's a total available margin of around a little over $6,200 with the dealer selling you the car right at invoice. Chances are, you would have to come up with a couple thousand dollars out of your own pocket to pay at signing to make this deal work.
To be honest with you, it definitely is not a good idea to roll this much negative equity into a lease anyhow. You would be much better off waiting until you are less upside down on your current vehicle to get something new. Also, I always advise consumers against doing 60 month leases. That's way too long.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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