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Acura TL Lease Questions
1506 messages, Last post on Aug 21, 2008 at 12:58 PM
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Replying to: pittfall (Feb 03, 2006 8:49 pm) |
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Replying to: scseth (Jan 30, 2006 8:47 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: brock56 (Feb 01, 2006 1:12 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: mcdutts (Feb 02, 2006 2:03 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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I am looking to lease a TL. I am trying to learn about leasing. I wonder if someone could explain how this advertised lease from Acura breaks down. I put the numbers into the lease calculator here on Edmonds and I get a payment over $500. I know the $399 doesn't include tax but I am obviously not understanding something. I appreciate any help. Closed-end lease for 2006 TL V6 5-Speed Automatic Transmission (Model UA6626JW) $399.00 per month for 36 months with a $2,500.00 capitalized cost reduction. $3,894.00 total due at lease signing (includes first month's payment, security deposit, acquisition fee and capitalized cost reduction; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like) MSRP $33,940.00 (includes destination). Actual net capitalized cost $30,012.88. Total monthly payments $14,364.00. Option to purchase at lease end $20,364.00.
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Replying to: trenz (Feb 07, 2006 8:52 pm) Thanks |
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Replying to: trenz (Feb 07, 2006 8:52 pm) First of all, it looks like they are requiring you to put down $2500 to reduce the cap cost. This is part of the $3894 they want at signing. If you add that $2500 back in, the selling price of the car is 32512.88. So they are taking about $1428 off the MSRP (decent, but not great). If you were to roll the 2500 back into the payments over 36 months, your payments will go up about $69 a month. If you roll the security deposit and acquisition fee into the payment too, you are looking at about $97 more a month. So roughly around $497 + TTL for 36 months, with 10k miles/yr, and first months payment due at signing.
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Replying to: mdmcars (Feb 08, 2006 1:15 pm) step 1 33940 (msrp) step 2 33940 (msrp since no advertised discount) step 3 0 step 4 2500/0/1394 (total of 3894) step 5 30046 step 6 20364 (as per above Acura ad) step 7 .0026 step 8 36 step 9 6% that comes out to a payment of $400.01 + $24 tax. Acura is advertising $399 per month + tax so that is almost exact. It seems that they use the whole $3894 as a sort of cap cost reduction when calculating the lease. I am hoping to confirm this so I can figure out my lease with the selling price I hope to bargain for before I go to the dealer. I may post with the numbers I hope to get and let you experienced guys tell me the payments Thanks |
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06 auto with nav msrp 35940 10k per year 36 months the following I got from Acura: residual 21204 money factor .0026 title and license 274+159 (not sure if I got those reversed) acquisition 595 security deposit is equal to first month payment rounded up to the next $25 I would hope to get this for no more than $1000 over invoice so selling price of 33820 I really appreciate the help |
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| Car Man - Can you tell be the current residual % and money factor through Acura for a 2006 TL Auto without nav at 12k miles/year? I'm interested in the numbers for both a 36 and 48 month term. Thanks. | |
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