- #685 of 1579
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Re: Acura TL: Lease Questions [Car_man]
by andyking18
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Mar 21, 2007 (5:53 am)
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Replying to: Car_man (Aug 31, 2005 3:02 am)
Hey Car_man and everybody else. I have made my decision to lease a TL, I am in Miami, FL. Does anybody know of a good dealership or leasing company down here?
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- #686 of 1579
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Re: Acura TL: Lease Questions [andyking18]
by stlgasman
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Mar 21, 2007 (6:24 am)
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Replying to: andyking18 (Mar 21, 2007 5:53 am)
With the low money factors for up to 36 month leases, you would best lease from a dealer.
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- #687 of 1579
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Re: 07 TL LEASE NUMBERS [alfstinky1]
by Car_man HOST
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Mar 27, 2007 (3:16 am)
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Replying to: alfstinky1 (Mar 09, 2007 9:31 am)
Hi alfstinky1. It's strange that the dealer that you spoke with would lie to you about this, but Honda Finance definitely leases Acuras with only 10,000 miles per year. Heck, the lease that it is currently advertising on the 2007 TL on Acura.com is based upon 10,000 miles per year. It would be funny to see what the dealer who told you they don't do them says when you show him this.
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Acura TL with Navigation and 10,000 miles per year are .00110 and 58%, respectively. The numbers for an otherwise identical lease of a 2007 Acura TL-S would be .00110 and 59%.
Car_man
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- #688 of 1579
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Re: 07 TL Lease Question [skurl35]
by Car_man HOST
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Mar 27, 2007 (3:18 am)
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Replying to: skurl35 (Mar 09, 2007 12:59 pm)
Hi skurl35. If I was in an area that had a decent level of competition, I personally would shoot for $500 over invoice on a 2007 Acura TL. $1,000 over invoice isn't terrible, but $500 over is better  . Try stopping by the following discussion to see how much other community members have paid for this model lately: "Acura RL: Prices Paid & Buying Experience".
Car_man
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- #689 of 1579
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Re: Car_Man [charlos]
by Car_man HOST
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Mar 27, 2007 (3:31 am)
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Replying to: charlos (Mar 12, 2007 10:19 am)
That's a good question, charlos. Unfortunately I am not personally all that familiar with the Edmunds.com lease calculator. I'm only involved in the forums section of this site. I personally use an Excel spreadsheet that I created to calculate lease payments. You can use the formula that is outlined in the following article to calculate lease payments on your own: Calculate Your Own Lease Payment.
Gap insurance is definitely an important thing to have on a lease. It is still possible to lose your down payment if your vehicle is totaled when you have gap insurance. Your insurance company will pay off what your leased vehicle is currently worth, gap insurance will cover the difference between that value and the amount that you still owe on your car, and your down payment will disappear.
Car_man
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- #690 of 1579
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Re: March 2007 Lease Numbers [burgermac]
by Car_man HOST
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Mar 27, 2007 (3:36 am)
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Replying to: burgermac (Mar 13, 2007 8:17 am)
Hey burgermac. Sorry for the confusion. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2007 Acura TL without navigation with 12,000 miles per year are definitely .00110 and 59%, respectively. The residual value for a 15k lease is 57%.
Car_man
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- #691 of 1579
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Re: Lease Q [dgrahamr]
by Car_man HOST
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Mar 27, 2007 (3:39 am)
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Replying to: dgrahamr (Mar 15, 2007 10:09 am)
Hi dgrahamr. I always negotiate as low a selling price as possible on the vehicle that I want to lease and then have the dealer that I am working with calculate my lease payment using its buy rate lease money factor. Deals just seem to be simpler when they are broken out like that. Acura's lease program for the 2007 TL is the same for all dealers. Negotiate the lowest price that you can and make sure that the dealer that gives you that price is using Honda Finance's buy rate lease money factor and you're in business.
Car_man
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- #692 of 1579
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Re: How cheap for a TL-S [23109vc]
by Car_man HOST
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Mar 27, 2007 (4:04 am)
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Replying to: 23109vc (Mar 16, 2007 10:41 am)
Hi 23109vc. The dealer invoice price of a 2007 Acura TL-S with an automatic transmission is around $4,100 higher than the invoice price for a base '07 TL without navigation. Their lease programs are about the same. Assuming that you could get the TL-S for $500 over dealer invoice or so, I estimate that its 36 month, zero down, pre-tax monthly payment with 10,000 miles per year would be around $433.
Car_man
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- #693 of 1579
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Re: Acura TL: Lease Questions [andyking18]
by Car_man HOST
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Mar 27, 2007 (4:14 am)
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Replying to: andyking18 (Mar 19, 2007 1:51 am)
Greetings andyking18. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Your lease payment for this car will depend upon what sort of selling price you are able to negotiate on it. Consumers who are in an area that has a decent level of competition, and Miami probably qualifies, should probably be able to negotiate a price of around $500 over dealer invoice on the 2007 Acura TL. The full MSRP of an '07 TL with navigation is $36,795. Its dealer invoice price is $33,807. $500 over that would give us a selling price of $34,307. Using these prices, I estimate that this car's 24 month, 12,000 mile per year zero down, pre-tax monthly payment should be around $497. The payment for an otherwise identical 36 month lease should be around $432.
Car_man
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- #694 of 1579
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Re: March 2007 Lease, is this a good deal? [calael]
by Car_man HOST
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Mar 27, 2007 (4:20 am)
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Replying to: calael (Mar 19, 2007 8:38 am)
Hi calael. The money factor that you were quoted for this car is right on the month, but the dealer may be padding its acquisition fee slightly. The last time that I checked, Honda Finance only charged a $595 acquisition fee. Full MSRP is too much to pay for an Acura TL right now, probably even if they are throwing in the options that you want for free. It wouldn't hurt to shop around a little bit to see if you can do better than that. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Acura TL: Prices Paid & Buying Experience".
Car_man
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