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Acura TL Lease Questions

2099 messages,  Last post on Dec 07, 2009 at 3:30 PM

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

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#41 of 2099 Re: Lease quote by Car_man HOST Oct 03, 2005 (3:23 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 3:03 pm)
#42 of 2099 Re: Re: Lease quote by Car_man HOST Oct 03, 2005 (3:24 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 2099 One Year Lease - 2005 Acura TL (no NAVI) by philo82 Oct 03, 2005 (2:05 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 6:51 pm) mets1233 (Jan 30, 2006 3:28 am)
#44 of 2099 One Year Lease - 2005 Acura TL (no NAVI) by philo82 Oct 03, 2005 (2:43 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 4:22 pm)
#45 of 2099 Re: Lease quote [Car_man] by oid21 Oct 04, 2005 (3:03 pm)
Replying to: Car_man (Oct 03, 2005 3:23 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 2099 Re: One Year Lease - 2005 Acura TL (no NAVI) [philo82] by peachtree103 Oct 04, 2005 (4:22 pm)
Replying to: philo82 (Oct 03, 2005 2:43 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 2099 Re: Lease quote [mead1] by ozzynyc Oct 04, 2005 (6:46 pm)
Replying to: mead1 (Oct 02, 2005 3:28 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 2099 Re: One Year Lease - 2005 Acura TL (no NAVI) [philo82] by ozzynyc Oct 04, 2005 (6:51 pm)
Replying to: philo82 (Oct 03, 2005 2:05 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...
#49 of 2099 Lease Me Please Me by oid21 Oct 04, 2005 (7:42 pm)
05 TL 6MT Nav 42 Mo lease 12,000 miles/year Cap Cost: 33,500 (still high for an 05, I know) Money Factor: .00270 (high?) $2000 drive off (990 cap reduction, 250 lic/doc, first payment of 550, and something else, acquisition maybe?) $515/mo before taxes FICO 705   Mike Hale Acura, Salt Lake City, Utah These guys were actually pretty decent to work with (unlike 90% of the dealers around here). But going through the process of typing these terms out tells me the deal just isn't where it needs to be. What do you all think? Replies to this message: klee266 (Nov 29, 2005 5:02 pm)
#50 of 2099 Re: One Year Lease - 2005 Acura TL (no NAVI) by Car_man HOST Oct 06, 2005 (3:51 am)
Hello philo82. I don't believe that Honda Finance offers leases that are shorter than 24 months. It sounds to me as though the dealer that you are working with is going to lease you this car for two years, period. They cannot include a clause in a bank's contract that lets you off the hook after only 12 months. Consumers can purchase their leased vehicles whenever they want to, but there is a decent chance that it will cost you more to purchase your leased Acura TL than it will be worth on the open market after only 12 months. If this is the case, you will lose money by getting out of your lease early. Dealers often try to disguise this loss by adding negative equity into new loans or leases, but doing so only hurts your bargaining position on your new vehicle. It would be in your best interest to lease this car for the entire 24 months or to just purchase it and then sell it after a year.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: philo82 (Oct 06, 2005 3:26 pm)

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