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Prices Paid: Buying & Leasing Experiences Acura TL Lease Questions
2098 messages, Last post on Dec 02, 2009 at 6:05 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Just wanted to get some opinions on what to do when coming out of a lease and being way over on mileage. Heres the scoop... 4 year lease on an 06 TL ends in Oct. I currently have 106K milage which is more than double my allowance. I believe the residual value on the car was set at around $17k when the lease ends. The car is still in good shape and I wouldnt mind buying it but do you think there is a better option instead? (are the dealers cutting any deals on these type of cars to get newer ones sold? etc...) Any thoughts are appreciated. Thanks! Greg in Phoenix
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In orlando, quoted $3000 down, $478/mth 10,000/yr miles for 36 months. Is the lease incentive or cash rebate available in our area to bring these numbers down?
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I have a quote for a 2009 TL SH-AWD w/ Tech MSRP $42,235 + 19" Diamond cut wheels - $2360 + Tires - $1243 + install labor = $3800 +Front, side, rear underbody spoiler - $360, $460,$360 + install labor = $1600 +destination - $810 _________________________ Total MSRP = $48,445 I want to sign tomorrow for the following deal. Selling price = $43,000 including all options 24 month 15,000 mile lease = $980 per month 36 month 15,000 mile lease = $789 per month both would be 1st payment and doc and reg fees only |
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Replying to: Car_man (Aug 17, 2009 2:10 am) Hi, A local dealer, DCH Acura in Temecula, California, offered following lease "deal" on '09 TL Tech: Cash price $35k, with a $2,199 "Cap Reduction" for adjusted cap cost of $32.8k. $4,000 down, 36 mo lease at $399 plus tax = $435/month. Only 10k miles. Residual cost is $22,100, with a factor of 56%, with the money rate at 0.00184. Sounds like a hose job to me. What do YOU think??? Thanks!!! Manixxx
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Replying to: manixxx (Aug 28, 2009 5:30 am) Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss. For example, a customer once leased a Toyota 4Runner and put $3,000 down as a cap reduction. Five months later the vehicle was totaled in an accident. The client's insurance paid its portion of the lease payoff and Gap Insurance paid the balance. Our client walked away with only paying his insurance deductible but he did not get reimbursed for his initial down payment of $3,000. It was lost. The moral of this true story is to put as little money down as possible,ideally no money down. Here are some other things to consider: - Money down is taxable - Take the money you would have put down and invest it - Put your down payment in a savings account and use a portion each month to help make your lease payment |
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Just picked up our 09 TL w/Tech pkg. Basque Red Pearl (almost Wine colored) Taupe Interior MSRP: $39,495 (has Pro Pack added which we really didn't care for & they threw it in = Mud guards, wheel locks & trunk liner - BIG Whoop) Cap Cost = $34,237.00 (Included the 2K in trunk/incentive money) Cap cost Reduction: $1,783.50 Adjusted Cap cost $33,048.50 Acquision fee: $595.00 (inc in adj cap cost) Dealer doc fee: $45 Cali tire fee $8.75 T,T & L: $706.85 1st Month's payment = $455.90 ($415.40 + $40.50 in California 9.75% tax for LA county) TOTAL out of pocket (Driveoff) = $3,000 (see above for breakdown) MF = .00184 (Tier 1 and/or Super preferred tier thru Honda Finance) 55% residual ($21,722.25) 12K yr/36 month term Got it from the internet dept of KEYS ACURA in VAN NUYS, CA One of the easiest & most pleasurable (if you can even use that in the same sentence) car buying experiences. Good luck to all others as inventory is dwindling quickly!!
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hello one trade. a few months ago i saw a similar add at vipauto.it was for a AWD non tech for 480.00 a month with zero down. just pay taxes and fees.a friend of mine told me i was better off leasing from honda.when u return the car back to acura they give an allowance of 1,500 either to use towards your new lease or to be used on the ware and tareof the car. Go to curry acura in scarsdale ny.i leased a tech non awd with 10k miles a year 36 months 1,676 out of pocket.my monthly payments are 485.00. this is the best i could do,i worked directly with a manager and did not see a sales person.my payments are a little higher than what vipauto quated you but i put less money down.remember the less money u put down the better. the name of the sales manager is jim |
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Replying to: corbo29 (Aug 17, 2009 8:56 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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