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Acura TL Lease Questions

1506 messages,  Last post on Aug 21, 2008 at 12:58 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#230 of 1506
Re: Thank you! [pittfall] by scseth
Feb 06, 2006 (2:55 pm)
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Replying to: pittfall (Feb 03, 2006 8:49 pm)

Monthly payment will be $431
#231 of 1506
Re: Thank you! [scseth] by Car_man HOST
Feb 07, 2006 (3:32 am)
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Replying to: scseth (Jan 30, 2006 8:47 pm)

Congratulations on your new car, scseth. I'm glad that you found this discussion so helpful.
 
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#232 of 1506
Re: Feb 06 lease info [brock56] by Car_man HOST
Feb 07, 2006 (3:35 am)
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Replying to: brock56 (Feb 01, 2006 1:12 pm)

Hello brock56. According to the latest information that I have seen, if you were to lease a 2006 Acura TL with navigation through Honda Finance right now for 48 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00235 and 46%, respectively.
 
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#233 of 1506
Re: TL February Lease Incentive [mcdutts] by Car_man HOST
Feb 07, 2006 (3:41 am)
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Replying to: mcdutts (Feb 02, 2006 2:03 pm)

Hi mcdutts. Where did you hear that Acura is providing lease support on the TL in February? I'm pretty sure that Acura is still not providing any sort of lease support on the 2006 TL. Regardless of what this car's lease money factor is currently like, it should have absolutely no impact upon your ability to negotiate an attractive selling price. Vehicle's money factors and any support that is available on them are set and paid for by manufacturers and usually do not cost individual dealers a dime. Similarly, the mileage allowance that you choose should not have any impact upon your vehicle's money factor either. Switching from 10,000 to 15,000 miles per year will result in a 3% drop in your car's residual value though, which in turn will make its monthly payment increase.
 
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#234 of 1506
help break this down by trenz
Feb 07, 2006 (8:52 pm)
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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.
#235 of 1506
Re: help break this down [trenz] by trenz
Feb 07, 2006 (9:16 pm)
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Replying to: trenz (Feb 07, 2006 8:52 pm)

I think I figured it out. The whole $3894, including cap cost reduction,first payment,security deposit, and acquisition fee all get added to the lease as a cap cost reduction. If I do it this way the numbers come out almost exactly as Acura advertises. I had to use a calculator other than Edmonds that was easier for me (not sure if I could mention which website it was so I didn't). It seemed a little odd to me at first the way they calculate it but I know nothing about leases that is why I am here. I am sure I will be back as I get deeper into my quest.
Thanks
#236 of 1506
Re: help break this down [trenz] by mdmcars
Feb 08, 2006 (1:15 pm)
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Replying to: trenz (Feb 07, 2006 8:52 pm)

Ok, I think this is not really too complicated, so I will give it a shot.
 
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.
#237 of 1506
Re: help break this down [mdmcars] by trenz
Feb 08, 2006 (5:17 pm)
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Replying to: mdmcars (Feb 08, 2006 1:15 pm)

you got me even more confused. They are advertising $399 a month plus tax. What I did was use the lease calculator on leaseguide.com. If you want to try that to see what I did here are the numbers I entered or were entered automatically
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
#238 of 1506
help me figure out my lease payment please by trenz
Feb 08, 2006 (6:00 pm)
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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
#239 of 1506
Current Lease Terms by cjs1
Feb 10, 2006 (9:50 am)
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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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