Last post on Dec 09, 2013 at 5:01 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura TL, Car Leasing, Sedan
#2525 of 3086 Re: TL Tech & Non Tech [jamesbond15]
Feb 08, 2011 (2:54 pm)
I guess from everything I have read, the residual on a 2010 would be lowered by Acura financial, so the price of the lease is going to be covering the depreciation, say...from 30k to 17k instead of 33k to 22k.
So in that sense if you were not careful you could pay more to lease an older car. (or do I understand that wrong) It seems like knowing what the correct preset residual is, is key. It also could make some higher trims more appealing, if they hold there value better, and then the discount brings that ratio down. Interesting.. They make this hard on purpose, don't they.
#2526 of 3086 Re: TL Tech & Non Tech [derrico]
Feb 10, 2011 (7:30 pm)
I would ask Carman to give you the residual and money factor for the 2010 and 2011 models. Also ask for any cash incentives that are available on each model. Then just plug it into the calculator and see.
Here is a good calculator that I use: http://www.leaseguide.com/calc.htm
I would guess that the 2010 is a better lease but get the numbers to double check.
#2527 of 3086 Re: TL Tech & Non Tech [jamesbond15]
Feb 11, 2011 (9:13 am)
Thanks for your help.
I did ask Carman the residuals on the 7th, but he has not had time to get back to me. I ran the numbers for the existing base 2011 zero down lease and it looks pretty good.
cap cost set to 33k Money Factor = .00106 Residual 60% no sec deposit, nothing down, and the dealership picks up the first payment. so 35 months of $400 a month.
Can you get a money factor that low/ residual that high on a 2010 without the acura deal? Seems pretty good, in any case.
#2528 of 3086 Re: TL Tech & Non Tech [derrico]
Feb 11, 2011 (9:09 pm)
$33k for a TL with Tech or no Tech?
$33k for a Tech is a good deal. If no tech, that is overpriced.
#2529 of 3086 Carman question about my deal 2011 TL TECh
Feb 12, 2011 (8:38 am)
My lease is up on my current tl. The MSRP for a 2011 TL Tech is $39,645. I told the dealer I want to do zero out of pocket. Requested 36mo/12k, residual 57%,MF .00116 are I was offered the vehicle for a selling price of $34,600, with a montly payment of $424.80 including tax(LA County 9.75%tax). I am receiving the $2000 credit, as well as $1500 for going from a TL to TL and Acura Financial Services is covering the 1st month payment as well. The dealer said that $1883(the 1500& first month that Acura is given) will be used as the down payment. She said she probably could take another $200 over the course of the lease. What are your thoughts on this deal?Would I be able to shoot for $411 including tax with the same parameters. Thank you very much for your help.
#2530 of 3086 Re: Carman question about my deal 2011 TL TECh [nacho2]
Feb 12, 2011 (11:45 am)
I think you can do better. Try to get the car for $34k.
#2531 of 3086 Re: Carman question about my deal 2011 TL TECh [jamesbond15]
Feb 12, 2011 (1:03 pm)
James can you help me, I am looking at your lease on the same car except that you went with 10k miles, and you put down $1500. The dealer is using the $1883 from Acura as a down, then I should be at roughly same payment as you correct? I told the dealer that I wanted zero down, meaning not writing a check for anything. Also, in my letter from Acura it says they will waive the security deposit. Invoice on the car is 37,137 -3500=$33637. I am confused right now. Thanks in advance.
#2532 of 3086 Re: Carman question about my deal 2011 TL TECh [nacho2]
Feb 12, 2011 (6:37 pm)
First negotiate the sales price of the car. Don't talk about down payments or anything else. Simply "What is the dealer going to sell this car for." In the LA area, on a 2011 TL with Tech, I would ideally like to see the sales price of the car around $33,500-$34,000. Start there.
(Also, you need to add a $595 acquisition fee that goes to Acura Financial. )
Once you agree on the price of the car start to figure out the down payment and stuff.
The $1883 is waaay too much for a down payment.
Question for you: Did Acura tell you that they will waive the first monthly payment? Or is the dealer just paying the first payment? Or are you paying the first payment with that down payment?
Now lets talk about down payment:
DMV Fees: Go here: http://www.dmv.ca.gov/FeeCalculatorWeb/index.jsp
Type in the required stuff and get the DMV fee.
For a car with a sales price of $34k, the DMV fee is $480.
Now lets add the dealer doc fee. The max dealer doc fee in CA is $55.
Now first month's payment.
So the down payment should include: Dealer doc fee + DMV fee + first month's payment.
So figure out if Acura is indeed paying the first month's payment.
Let's assume they are. So your downpayment is $55 + $480 = $535
You have $1500 from Acura. Subtract the downpayment of $535 from the 1500, so we have left $965.
Ok. Now lets go to the calculator: http://www.leaseguide.com/calc.htm
Base Cap Cost: $34,000
Addition Fees: 595 (acquisition fee)
Down Payment: 965 (1500 - DMV + Dealer Doc Fee)
Net Cap Cost: 33630
Sales Tax: 9.75
Monthly Payment: $407.91 with zero down and Acura Financial paying the first month's payment.
So your goal is to negotiate the sales price down to about $34k. Then e-mail these calculations to the dealer.
(There is some tire fee and something else so don't expect a payment of exactly 407.91, but it should be very close, maybe like $410.)
Tell me how it goes.
#2533 of 3086 nyc current lease rates
Feb 14, 2011 (10:20 am)
3 days ago in NYC, Leased a 2011 Acura TL with tech package and 18 wheels.
MF .00116 and RV 58%
#2534 of 3086 Re: nyc current lease rates [dleib]
Feb 14, 2011 (10:35 am)
It would be helpful for others to also know the sales price of the car.