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Acura TL Lease Questions
1532 messages, Last post on Sep 04, 2008 at 10:12 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car_Man, You helped me out about 3 years ago when I had a lease vs. buy dilemma (I was steeler_fan then) and it was very much appreciated. I wanted to see if I could enlist your expert assistance once again. I'm considering a 2006 TL/Navi, and I'm looking to lease 36, 39 or 42 months at 15K/year. I made an offer of 32,300+TTL and it was accepted. I'm looking to lease through AHFC and I wanted to see what the numbers look like. I'm in the Dayton, OH area. Thanks!! |
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Hello Car_man, Here is what my dealer is offering my on a 2006 Acura TL with Nav. 36 months/10K mile lease msrp 35,950 destination charges included Negotiated price = 31,000 destination charges included 58% resid , .00293 MF payment is was around 484.tax included...cali tax is 8.25% Local dealers are telling me that this is the best I can get for the 2006 TL since Acura is doing a 1000$ rebate which may go away anytime. Is that true? Thanks
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So it looks like the special APR financing is gone for certain in not all parts of the US. Does anyone know what the money factors and residuals are for a 2006 TL NAV 5AT? Last I saw was 57% with .00293 if security was waived and .00283 with security deposit. This is with AHFC. Believe it or not, I'm still interested in leasing this car as long as I can get my payments below 500 per month all in.
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As always, this forum is still the best place for info. Thank you all. Interesting shopping here in Ft Lauderdale. Acura of South Florida - the internet manager responded to my email by stating "all quotes are by phone to avoid confusion". Ed Morse Acura - got a price on an auto non Nav of 30495 but couldn't get a lease quote Rick Case - 457/mo plus tax,10K 36 mo 1286 due, purchase price of 30,500 59% .00293. Could have done better at dealership but getting a hold of salesman and pinning him down was difficult. Palm Beach Acura - very straightforward and professional, the internet manager was not going to let the deal get away. Ended up purchasing (I'll post on other board this weekend) but final deal, mainly on internet but completed on phone was 450/mo tax included, 36/12K - $700 due. Main thing was that the manager was responsive to my requests. Forwarded this to Rick Case and they let it walk. Don't know if there might have been additional surprises but unlikely as the purchase was smooth as silk. This was last month and residual has gone down this month. Nice car, good deal, everyone's happy. But doing things over the phone to avoid confusion - now THAT'S a line that all internet car shoppers can really appreciate!
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I have been negotiating with a dealer in Chicago and had him send me the final #s that we arrived at and the corresponding fees et cetera. Here's the details: Miles per year: 12,000 Price: $31,500 Trade: $7,500 Payoff: $6,600 (approx.) Doc Fee: $57.33 Taxes: $1625.56 License and Title: $168.00 Money Factor: .00293 Residual: .55 Payment: $568.38 The issue is, if you use his MF and Residual I get $506 a month. See here is my math: 35,853 (MSRP) * .55 (RESIDUAL) = $19,719.15 $31,500 + $57.33 + $1625.56 + $168.00 = $33,350.89 - 900 (value in trade) = $32,450.89 (CAP COST) $19,719.15 + $32,450.89 = $52,170.04 * .00293 = $152.85 (monthly cost of $$) $32,450.89 - $19,719.15 = 12,731.74/36 = $353.65 (monthly cost of depreciation) Payment = $152.85 + $353.65 = $506.59 SO SOMEONE PLEASE TELL ME, am I calculating it right? Regards, Jason
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Just saw this in my local paper yesterday in NY Metro Area: 24 Month Lease $399 per month, 10k per year for base TL Money factor .00136 which equals approx 3.2% $1005 down payment ---------------------------------------------- I have confirmed that this is in fact an AHFC lease program. What I wanted to do was this: Take the money factor and incorporate it into an '06 TL NAV 5AT with 12k per year lease. Here's what I came up with: Nothing down (zero, just tags, title) so our of pocket would be first month plus a few hundred. I was told that the lease would be approx. $560 per month for two years, everything wrapped in (taxes,bank fee, etc). Residual is 64% I was hoping for better as the money factor sure beats the .00283 or .00293 that has been quoted here. However, the shorter time period takes away from that. I was also told that the 1k incentive does not apply here. If that were the case, this car would be in the $500 range for two years. Not a bad deal at all. So, this car continues to be a terrible car to lease. |
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Replying to: tlwannabe (Aug 10, 2006 5:43 pm) If you haven't leased yet you may be interested in the fact that Acura just introduced a special 24 month lease program on this model in select states for the month of September. This is the first time in a long time that I recall seeing any special money factors on this car. If you tell me what state you are in I would be happy to tell you if it is one of the ones that this special program is available in. Car_man Host Prices Paid Forum
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Replying to: shellz (Aug 13, 2006 10:44 pm) If you haven't leased yet you may be interested in the fact that Acura just introduced a special 24 month lease program on this model in select states for the month of September. This is the first time in a long time that I recall seeing any special money factors on this car. If you tell me what state you are in I would be happy to tell you if it is one of the ones that this special program is available in. Car_man Host Prices Paid Forum |
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Replying to: bignasty1 (Aug 14, 2006 7:35 am) If you haven't leased yet you may be interested in the fact that Acura just introduced a special 24 month lease program on this model in select states for the month of September. This is the first time in a long time that I recall seeing any special money factors on this car. If you tell me what state you are in I would be happy to tell you if it is one of the ones that this special program is available in. Car_man Host Prices Paid Forum
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Replying to: kad153 (Aug 20, 2006 10:04 am) I would be happy to estimate what this car's monthly payment should be for you. I assume that this car's full MSRP is the typical $35,995 that an '06 TL with navigation and an automatic transmission would cost. Using this MSRP and a selling price of $30,700, I estimate that this car's 36 month, 12,000 mile per year, zero down, pre-tax monthly payment should be around $437, assuming that you qualify for Honda Finance's "Super Preferred" credit tier and pay a security deposit at lease signing. Car_man Host Prices Paid Forum |
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