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Acura TL Lease Questions

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

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

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#1706 of 2070 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
#1707 of 2070 Re: New MF for 2009 TL and TL-Tech [drtravel] by Car_man HOST Dec 16, 2008 (3:58 am)
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 Host Prices Paid: Buying & Leasing Experiences Forum
#1708 of 2070 Re: Acura TL Lease help [cnthngs97] by Car_man HOST Dec 16, 2008 (4:05 am)
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 Host Prices Paid: Buying & Leasing Experiences Forum
#1709 of 2070 Re: 2008 TL Type S lease question [ronbars] by enycelilc Dec 16, 2008 (6:45 pm)
Replying to: ronbars (Dec 06, 2008 1:18 pm) hey, did you ever end up hearing back from the dealer? im currently have a lease with infiniti and a local acura dealer sent me an option to do a lease transfer for a 2008 or 2009 acura. im thinking of getting the 2008 type-s trying to see what kind of lease or financing payments i should be expecting. if i lease i would need 15k miles a year. im in the low 700's now and would LOVE to drop down to below 500. seem possible?
#1710 of 2070 Lease Question by Jballs7 Dec 17, 2008 (8:33 am)
My local dealer is advertising a 2009 TL (base) lease for 2,000 down and $348/month. Do you think this is a good deal? It seems much lower than what I've seen other posters discuss. Maybe there's a catch?   Also, I am not in a position where I must purchase a new car. Do you think there will be better deals in 2009? Thanks! Replies to this message: gator5000e (Dec 18, 2008 1:54 pm) Jballs7 (Dec 19, 2008 7:46 am) oxford9 (Dec 20, 2008 8:21 am) and 1 more...
#1711 of 2070 09 TL base lease by vrossi Dec 18, 2008 (1:21 pm)
Hey gents..   Currently working on a deal for a 36 month 12k mile lease on a base 09 TL Looking at $500 down, 465 per month. Price is 33200 with a .00197 MF and a 64% resid. I keep running the numbers and it keeps coming up at arounf $417 per month so I believe the dealer has some wiggle room. I spoke to the dealer and he said he's at the bottom. Wondering if I'm missing something on my end or if he's holding back. I also want to say thanks for all the great info on here it's been a great help. Happy Holidays!
#1712 of 2070 Re: Lease Question [Jballs7] by gator5000e Dec 18, 2008 (1:54 pm)
Replying to: Jballs7 (Dec 17, 2008 8:33 am) Jballs7, I am no expert but I do know that any money you put down on a lease that does not go to fees, like tax, tag, title, is essentially you buying down your lease payment. So if the total $2,000 is for cap cost reduction, your actual payment would be closer to $405 per month.   If I have stated this wrongly, I am sure someone will pop in and correct me. Replies to this message: Jballs7 (Dec 19, 2008 7:46 am) oxford9 (Dec 20, 2008 8:21 am) Jballs7 (Dec 20, 2008 8:36 am)
#1713 of 2070 Re: Lease Question [gator5000e] by Jballs7 Dec 19, 2008 (7:46 am)
Replying to: gator5000e (Dec 18, 2008 1:54 pm) Thanks gator. I'll readily admit that I don't understand leasing very well (although I'm trying to educate myself before visiting a dealer). This is what the ad says:   Closed-end lease for 2009 TL (Model UA8629JW) for $348 per month for 36 months with a $1,056.00 capitalized cost reduction. For the 2009 TL Tech (Model UA8659KW) for $399 per month for 36 months with a $1,005 cap cost available to customers who qualify for the AHFC Super Preferred credit tier. $1,999.00 total due at lease signing (includes security deposit, AHFC upfront acquisition fee, first month's payment, and capitalized cost reduction; total net capitalized cost and base monthly payment does not include taxes, license, title, registration, documentation fees, options, insurance and the like). Security deposit waived in lease example. Based on 10,000 miles per year. Not all buyers may qualify.   So is there a dealer contribution component to the cap cost? Replies to this message: oxford9 (Dec 20, 2008 8:21 am) Jballs7 (Dec 20, 2008 8:36 am)
#1714 of 2070 Re: Lease Question [Jballs7] by oxford9 Dec 20, 2008 (8:21 am)
Replying to: Jballs7 (Dec 19, 2008 7:46 am) $348.00 per month with a cap cost reduction of $1,005 is about $50 less than the deal I saw advertised. Could you share with me the name of the dealer?   Thanks. Replies to this message: Jballs7 (Dec 20, 2008 8:36 am)
#1715 of 2070 Re: Lease Question [oxford9] by Jballs7 Dec 20, 2008 (8:36 am)
Replying to: oxford9 (Dec 20, 2008 8:21 am) DCH Montclair Acura in New Jersey. It seems to be about $50 less than the national advertisement on the acura website.

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