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Acura TSX Lease Questions

1556 messages,  Last post on Dec 07, 2009 at 8:17 AM

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

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#1326 of 1556 Re: Jittery ride in TSX [billpaul] by dolsey01 May 04, 2009 (8:06 am)
Replying to: billpaul (May 03, 2009 9:01 am) We find it much better than the 06 Accord EX-L V6 we came from. It is stiff but at least absorbs bumps much better. Definitely not as planted as the 03 Audi A6 we had previously but at least I won't be at the dealer EVERY month. I like the car more and more every chance I drive it (It's my wife's daily driver).
#1327 of 1556 Re: WHAT AM I MISSING? [acuhonfan] by valuehunter07 May 05, 2009 (4:53 pm)
Replying to: acuhonfan (May 01, 2009 7:58 pm) acuhonfan,   Sorry I didn't get back sooner, but the past few days have been HECTIC!!!   I've been researching my rear end off, with various cars, whether to lease/buy, etc.....   I do NOT understand why ANYONE would "pay down" the sales price, but hey what do I know right?   Still, from my figuring so far, I am not understanding the deals people are negotiating, and I am DEFINITELY not understanding why the payments of the Acura people are so close to the IS people, when you guys have a sales price 6 thousand dollars lower.   If you just take 6K alone, and divide it by 36 months, you will see it's $166.   I was considering leasing an Acura, but I can't get the numbers to work AT ALL.   If anyone could help explain this, please don't hesitate.
#1328 of 1556 Re-analyzing the figures by valuehunter07 May 05, 2009 (5:09 pm)
Replying to: valuehunter07 (May 01, 2009 10:23 am) --------------------------------------------------------------------------------- - --- The lease terms are 36mo/15k, 60% residual, .00215 MF, payment is $347.43/mo.    Term: 36  Base Payment: 347.43  Total Payment: 347.43  Purchase Option: 17,952.00  MSRP: 29,920.00  Est. Miles Per Year: 15,000    Capitalized Cost 27,000.00 Doc Fees 185.00 Total Capitalized Costs 27,185.00  Money Due at Inception  1st Month Payment: 347.43  Acq Fee (Upfront): 613.36  Upfront Taxes: 878.50  Total Out of Pocket 1,839.29  Total Initial Charges: 1,839.29    =================================   The net cap here is $26,838 (27,000 + 185 doc fee - 347.43 1st payment upfront)     The residual is $17,952     So the Depreciation fee is $246.83 ($26,838 - $17,952/36 months), (Net Cap - Residual / term)     The Finance fee is $96.30 (26,838 + $17,952 x .00215)     (Net Cap + Residual x Money Factor)   Add those two together and you get $343.13, which is pretty close to what they were charged.   VICTORY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!   (excuse me while I do a little dance - j/k)   And since they paid the total tax upfront, no tax is added to their monthly payment.
#1329 of 1556 Re: WHAT AM I MISSING? [kyfdx] by valuehunter07 May 05, 2009 (5:11 pm)
Replying to: kyfdx (May 02, 2009 6:06 am) IN YOUR FACE kyfdx!!!!!!!!!!!!!!!!!!!!!   Just kidding   But yeah I see what you're saying.... I just wanted to get CLOSE, so I could make a better judgment.   In my next post, I'm gonna do a comparison. Replies to this message: kyfdx (May 06, 2009 2:57 am)
#1330 of 1556 Comparison by valuehunter07 May 05, 2009 (5:16 pm)
Ok now we're getting somehwere....   So when I see the $347 payment for the TSX above, and then I compare to the $411 payment I saw someone make on the IS, the difference doesn't seem wide enough, for the price difference in the cars.   After all, on the one side you've got an IS with add-ons like Nav, Prem package, and 18" wheels, and on the other side it's just the base (NON-Tech package)!   Now that I can view what's going on a little better, I can now see that the TSX customer paid an MF of .00215, while the IS customer paid only .0006!   Now the IS customer paid a $3200 deposit (not a cap-reduction, but a deposit), but even still, I've seen others over there who paid NO deposit, and got an MF of .00085!   I'm going to do some more research, but hopefully this will encourage some helpful feedback, so we can make some more educated choices as to what is best for us individually. Replies to this message: valuehunter07 (May 05, 2009 5:18 pm)
#1331 of 1556 Here's a tip from "kingpcgeek" on the IS forum by valuehunter07 May 05, 2009 (5:18 pm)
Replying to: valuehunter07 (May 05, 2009 5:16 pm) Any leasing expert will tell you do not do a cap cost reduction. The disadvantage of a cap cost reduction is that, should your vehicle get stolen or totaled in an accident, you probably won't get any of the down payment returned to you.     If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
#1332 of 1556 Re: WHAT AM I MISSING? [valuehunter07] by kyfdx HOST May 06, 2009 (2:57 am)
Replying to: valuehunter07 (May 05, 2009 5:11 pm) Funny...   In your last example: The cap cost is the cap cost... The first payment is accounted for in the money due at signing...   So, if you don't change the the cap cost, you'll find that the numbers come out exactly...   regards, kyfdx
#1333 of 1556 Re: No Base models left in NY Metro.. [angleral] by memesgoofy May 06, 2009 (4:57 am)
Replying to: angleral (Apr 25, 2009 3:57 am) The closest dealership from my local dealership is 90 miles away. You might check within 100 miles. Patience is the key to getting a good deal. Work your numbers, come up with a price and payment your comfortable, then present to at least 5 dealerships. Let them come to you with their best offer. I just leased a TSX in the past week, and love it. I feel I got a good deal. When requestingfor a quote, ask for the details to be broken down....all costs for the monthly price they come up with.
#1334 of 1556 Is this a good deal? by jkleinmd May 08, 2009 (1:35 pm)
I'm in NY and was offered this today. Term: 36 Months Monthly Payment: $358.80 MSRP: $29,920 Miles per Year: 15,000 Cap Cost Reduction: $26,915 Documentation Fees (set by NYS DMV): $67.50 Due at inception: $1980.00 Taxes (8.125% tax rate): $1045.48   The "due at inception" includes taxes and first month. I don't really need 15k miles so he told me he'd take off $20 a month for 10k.   Anyone know if this is a good deal? Replies to this message: angleral (May 09, 2009 1:39 pm) pshooper (May 11, 2009 5:50 pm) jkleinmd (May 14, 2009 2:20 pm) bvdj84 (May 15, 2009 5:41 am) and 1 more...
#1335 of 1556 Re: Is this a good deal? [jkleinmd] by angleral May 09, 2009 (1:39 pm)
Replying to: jkleinmd (May 08, 2009 1:35 pm) jkleinmd, This is for a Tech, i guess, and if so, sounds like a good deal to me.,,, Where's the dealer I'd like to get one like it.. Thanks

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