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Acura TL Lease Questions

2189 messages,  Last post on Mar 20, 2010 at 8:52 AM

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

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#39 of 2189 Re: Lease quote [mead1] by troytn Oct 02, 2005 (12:29 pm)
Replying to: mead1 (Oct 02, 2005 11:24 am) I just signed a 42 month lease 2005 NAVI TL with a .000230 money factor for good credit consumers through Honda or if not so good you get .000240. Residual is best at 42 months right now. Residual on 42 months is 53% vs on a 48 mo lease its 46%. This is also 12,000 miles a year. Ist Month payment/tax/title money down. My payment is $490 Total including tax. This is getting the NAVI just above invoice. I think mine was $32,700. I believe invoice is 32,164 plus $550 destination so 32,714. I could have done slightly better but the color combos on 2005's are going going gone. Its 2006 models now and my dealer told me not much discounts on 06's until late Nov/Dec when sales slow for the holiday season. He mentioned Acura sent out memo stating that they are having record sales of the TL and be cautious on dealers discounting the 2006 models. As always SHOP around. I had 3 dealers tell me NO WAY to get a lease payment under $550 for a NAVI with no cap cost reduction. They were quoting me $510-$525 with NO NAVI. I feel good about my deal.   Troy Replies to this message: mead1 (Oct 02, 2005 4:28 pm) ozzynyc (Oct 04, 2005 7:46 pm)
#40 of 2189 Re: Lease quote [troytn] by mead1 Oct 02, 2005 (4:28 pm)
Replying to: troytn (Oct 02, 2005 12:29 pm) Troy- Thanks for the info--very helpful. My payment will be around $496 with tax on a 10k/year lease, so it sounds like you got a slightly better deal. I shopped the lease around the dealers down here in Miami, and this was the best I got after playing them off each other a bit. You're right though--they were all over the map, especially at first. Guess I need to decide whether to push for the extra $10-15/month off a month or just leave well enough alone. Thanks again.   Justin Replies to this message: ozzynyc (Oct 04, 2005 7:46 pm)
#41 of 2189 Re: Lease quote by Car_man HOST Oct 03, 2005 (4:23 am)
Hello mead1. Through the end of today, October 3rd, Honda Finance's buy rate lease money factor for a 42 month lease of a 2006 Acura TL should be .00230 for consumers who qualify for its Super Preferred credit tier with the payment of a security deposit. The .000230 that you saw mentioned was close, but it had an extra zero in there .   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: oid21 (Oct 04, 2005 4:03 pm)
#42 of 2189 Re: Re: Lease quote by Car_man HOST Oct 03, 2005 (4:24 am)
Congratulations on your new car, Troy. Thanks for taking the time to share the details of your deal with everyone. Enjoy!   Car_man Host Smart Shopper / Prices Paid Forums
#43 of 2189 One Year Lease - 2005 Acura TL (no NAVI) by philo82 Oct 03, 2005 (3:05 pm)
I was originally thinking of purchasing a 2006 Acura TL, but then decided to wait a year for the 2007s. So I asked about a one-year lease for an Acura TL at a dealership in Northern Virginia (DC Metro area), and was told the following by the salesman:   1. They would offer me a 2-year lease on a "2005 or 2006" (which means a 2005, since the 2006s aren't in yet) Acura TL with no NAVI at $600/month - after a credit check, which is not a problem. This would require a deposit for the 1st month. All taxes would be included. 2. Yearly Mileage Limit = 12,000 with $0.15 per additional mile. 3. They would include a clause in the contract that would permit me to turn the car in after one year if it was in good condition. I understand they have to protect themselves, but who is to say the car is still in "good condition", and is there any special language that should be included in the contract to protect myself?   I'd like opinions on whether this is a good deal, and if not, what would constitute one for one year? Thanks in advance.   philo82 Replies to this message: ozzynyc (Oct 04, 2005 7:51 pm) mets1233 (Jan 30, 2006 4:28 am)
#44 of 2189 One Year Lease - 2005 Acura TL (no NAVI) by philo82 Oct 03, 2005 (3:43 pm)
One More Consideration - Lease vs. Buy and then Sell after one year   If I'm paying $7,200 for a one-year lease, does it make sense to purchase a 2006 Acura TL, and then trade it in after one year for a 2007 model? I understand that Acuras retain their value more than many other brands. The question is, of course, which option would let me come out ahead after one year? Would I be losing $7,200 in resale value after one year if I purchased a 2006? Replies to this message: peachtree103 (Oct 04, 2005 5:22 pm)
#45 of 2189 Re: Lease quote [Car_man] by oid21 Oct 04, 2005 (4:03 pm)
Replying to: Car_man (Oct 03, 2005 4:23 am) Car_man, supposedly the money factors have changed for Oct. What are they currently on a 42 mo? Preferred/Super Preferred? Have the residuals changed too, or are they still 53% (42mo) and 46% (48mo?) Thx.
#46 of 2189 Re: One Year Lease - 2005 Acura TL (no NAVI) [philo82] by peachtree103 Oct 04, 2005 (5:22 pm)
Replying to: philo82 (Oct 03, 2005 3:43 pm) I'm not the expert here, but keep in mind the $7200 represents financing cost in addition to depreciation. I doubt the car would depreciate $7200, given 12K or so miles. But are you paying cash, or financing? If financing, you'll pay interest, so add that to any losses for depreciation. If you're paying cash, look at your opportunity cost (what would you earn on the money if you didn't buy the car?).   In short, don't forget financing or opportunity costs when making your decision.
#47 of 2189 Re: Lease quote [mead1] by ozzynyc Oct 04, 2005 (7:46 pm)
Replying to: mead1 (Oct 02, 2005 4:28 pm) I think 496 a month is a lot for tl w/ nav. You should be able to negotiate the price below invoice for 2005, since every dealer wants to get rid of the cars ahead of 2006. I think you can negotiate the selling price to $31000, i've gotten down to 30,200 without nav (add about $1800 for nav). My taxes are 8.375%, so it's pretty high and yet i still pay $436 a month for 42 month with only $1000 up-front. I think nav is over-rated unless you REALLY need it. Good luck!
#48 of 2189 Re: One Year Lease - 2005 Acura TL (no NAVI) [philo82] by ozzynyc Oct 04, 2005 (7:51 pm)
Replying to: philo82 (Oct 03, 2005 3:05 pm) You do realize that for $600 a month you can get an Audi A6 for 24 months or a BMW X5 truck, right??? You shouldn't lease a car thinking that you would return it after one year. If you want one year lease, checkout swapalease.com and leasetrader.com. You can pick someone else's lease for that time frame and get a nice luxury car for $600. It's just not practical. I wouldn't go for it... Just my 2 cents...Good luck...

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