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Acura TL Lease Questions

2098 messages,  Last post on Dec 02, 2009 at 6:05 PM

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


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#1965 of 2098
Current lessees by claweave
Jul 11, 2009 (9:03 am)
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Do they happen to have anything going on for current lessees? Are there any promotions for Indiana? I am looking at the TL Tech and without doing any haggling they offered the car at 33,966. Can I do much better on the price? I want to get the price the best possible before I say I am a current lessee and that I am not up on my lease yet, yada yada... What is the money factor and residual on this car for 36/15k per year?
 
Any help is appreciated!
#1966 of 2098
Got MY TL some comments and tips by robertw477
Jul 11, 2009 (3:49 pm)
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Just got the Acura TL with tech. Got black on black. Car looks very sharp with the chrome etc. Personally I think the car has a bold distinctive look. Definitely a mans car. 36 Month Lease 12K miles. Cost 480 a month in south Fla Plus 6% tax.
 
Initial Fees first month and tax. No other bs. Transaction was smooth. I had been pretty disappointed with many of the Acura dealers I spoke to, and one trip to a dealer. This was a small dealer. Frankly who cares the size of the dealership? The largest dealer of Acura (so they claim) in south fla is also the highest priced.
 
A few comments. The TL has new models coming in sept. Somebody may find deals next month on leftover 09s in regular and tech. I think this car really shines with the tech package. Without TECH this car loses a great amount of its appeal. This is my opinion, but I really believe this. I know the car business is soft. The dealers still want to unload the 09s so they can build people in the 2010s at higher prices. The car is basically the same for 2010 I think a little more interior space. So if you want this car I suggest get an 09 before they sell out if you want this car. Customers coming in will be pushed to the TSX 2010 or the TL 2010. It is always bad pricewise to get the new ones just as they roll out. Even in a lousy car market they will get some advance sales and they will be careful to hold the line on price.
#1967 of 2098
Re: Got MY TL some comments and tips [robertw477] by zamo
Jul 11, 2009 (7:41 pm)
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Replying to: robertw477 (Jul 11, 2009 3:49 pm)

I tried negotiating with the "largest dealer" and they pretty much laughed at my offer. But because I was serious I just left and decided to continue my research.
 
Would you mind sharing these numbers please?
 
Negotiated Sale Price
Value of the car at lease end
Money Factor
 
I would really appreciate it. This will give an idea of what should I look at.
 
zamo
#1968 of 2098
Re: Got MY TL some comments and tips [zamo] by robertw477
Jul 12, 2009 (9:59 am)
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Replying to: zamo (Jul 11, 2009 7:41 pm)

I only care about the total cost for me. Meaning sales tax aside the total payments and cost. I think others have printed money factor and sale price. I do not care about value of car at lease end. I lease because I dont care.
 
I will post some of the numbers later from my contract. If I call 10 ten dealers and talk to some real characters and all tell me 518 a month or whatever plus costs and I get the same TL TECH for 476 I dont care about how they got to that number. I know some people look at these things too hard but in the end run knowing the money factors and residuals will help you with a dealer who is trying to tell you different numbers on these items. I try and work from the phone first. I am not sitting around car dealers while managers and salespeople converge.
 
An informed shopper is not always welcomed.
 
Rob
#1969 of 2098
Re: Got MY TL some comments and tips [zamo] by robertw477
Jul 12, 2009 (10:01 am)
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Replying to: zamo (Jul 11, 2009 7:41 pm)

What did you offer? I dont know of any regional factors however, I think a price around my 470-480 plus tax is a sharp price. Many dealers with front load fees.
 
Sign and drive should be first payment and your states min doc/tag fees. This applies to most states. One dealer insisited to me that every deal he does is a cap cost deal. Another argued with me (NISSAN) that he gets 3K down on every deal. Totally bonkers
 
Rob
#1970 of 2098
Re: Got MY TL some comments and tips [robertw477] by kingpcgeek
Jul 12, 2009 (2:22 pm)
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Replying to: robertw477 (Jul 12, 2009 10:01 am)

Sign and drive is first months payment only, not first months and doc/tag fees.
#1971 of 2098
Re: Current MF and Residuals [kingpcgeek] by Car_man HOST
Jul 13, 2009 (1:41 am)
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Replying to: kingpcgeek (Jul 10, 2009 4:53 am)

Here's the info that you're looking for, kingpcgeek. Honda Finance's current buy rate lease money factor and residual value for a non-Tech 2009 Acura TL 2WD with 12,000 miles per year in Arizona are .00230 and 58%, respectively.
 
When negotiating your lease, make sure to take advantage of the $1,000 dealer cash that is available on this car.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1972 of 2098
Re: Current MF and Residuals [kad153] by Car_man HOST
Jul 13, 2009 (1:47 am)
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Replying to: kad153 (Jul 10, 2009 8:52 am)

No problem kad153. New Jersey is one of the states that the more attractive .00184 money factor is available in.
 
There are two reasons why the residual value on your 2006 BMW was so much better than the TL's residuals are today. First, over the past several years banks have been on average overestimating the residual values of vehicles. Now that these cars are starting to come back off-lease, these banks are getting hammered with millions and millions of dollars in losses from vehicles that aren't worth anywhere near what they had estimated they would be. As a result, most banks are being significantly more conservative when estimating vehicles' residual values today.
 
Second, BMW Financial Services intentionally consistently overestimates vehicles residual values as a form of sales support to make its vehicles' lease payments more attractive than they normally would be and in turn help its parent company sell more of them. Honda does not provide nearly as much residual value support on its vehicles.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1973 of 2098
Re: Current lessees [claweave] by Car_man HOST
Jul 13, 2009 (2:02 am)
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Replying to: claweave (Jul 11, 2009 9:03 am)

Hi claweave. I don't believe that Acura is currently providing any owner loyalty incentives on the TL. Acura is however providing a special lease money factor of .00184 on the '09 TL in certain states, Indiana being one of them. Honda Finance's current 36 month, 15,000 mile per year residual value for an '09 TL 2WD non-Tech is 55%.
 
Let's take a look at the selling price that you were quoted. The dealer invoice price of a 2009 Acura TL 2WD Tech is $36,366. Acura is providing $2,000 dealer cash on this car, essentially lowering that to $34,366. The selling price that you were quoted is even lower than that, so it is an excellent deal. Just make sure that the money factor that the dealer is using is in line with the one that I mentioned and you're in business.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1974 of 2098
Lease Deal Base 2009 TL by raven12
Jul 15, 2009 (1:42 pm)
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I don't have all of the details but I gave a deposit on a base TL (36 mos, 10K/yr). I'll post the lease details later but, the OTD price I agreed to was $16,238 that's $359/mo. after $3673 deposit which includes first month payment.
 
How'd I do???

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