Last post on Nov 28, 2013 at 6:30 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Acura TSX, Car Leasing, Sedan
#1419 of 2481 Re: 2009 vs 2010 Lease [robertw477]
Jun 28, 2009 (6:11 am)
Acura dealers will typically take advantage of any moment, such as a new year, body style, or anything really to boost the prices. Although, when they are not moving as fast, they'll have to do something. Honda and Acura have been known to do this.
Now is not the time for a company to mess around with numbers. It won't last long, but will take a while for the newness to wear off.
We as customers must be careful to not fall in that trap too. $100 more a month to have it in your drive way? Worth it? Perhaps? but the TSX is nothing new. Don't fall for it. Its not like were being cheap, but we want what is right and fair. Walk out if they can't atleast be fair.
#1420 of 2481 Re: 2009 vs 2010 Lease [tbenson81]
Jun 28, 2009 (7:03 pm)
You say you can get a great deal on 09??? Where not in NY. There are no more 2009 TSX's left. maybe one or two, i've checked it out. So, what kind of deal are u getting and what city??? I still feel like i'm getting screwed my this dealer. I have one more day to pull out.
#1421 of 2481 Re: 2009 vs 2010 Lease [robertw477]
Jun 28, 2009 (7:23 pm)
why do the dealers keep telling me they stopped production on 09's in feb...and there are none left??
I' have not been offered any of the incentives you talk about
All they tell me is that the 2010 will be so much more a month to lease
#1422 of 2481 Re: 2009 vs 2010 Lease [fastfeet]
Jun 29, 2009 (12:26 pm)
I live in Florida. Dealer is giving me a 09 TSX Tech for 29k
What kind of deal are you getting?
#1423 of 2481 Re: 2009 vs 2010 Lease [tbenson81]
Jun 29, 2009 (12:31 pm)
I also live in florida, what dealer are you going to?
#1424 of 2481 New to Leasing.
Jun 29, 2009 (12:41 pm)
I am looking to lease a 09 or 10 TSX 4 cylinder base car. I have a trade worth $7200 on a trade or $ 8500 selling it privately. Trading is easier. I plan to keep it at least 7 years. I also do not want to put anything down. I would rather use my trade as a down stroke and buy it at the end of the lease rather than buy it with the trade to keep my payment lower for now. Paying it off is not going to be a problem. How does a trade-in affect a lease deal? With the curent deal of $299 a month for 36 and 2405 down, they advertise 3299 due at signing. How do they get to 3299 from 2409 down. What do I look for in negotiating a price with my trade? I am confused.
#1425 of 2481 Re: 2009 vs 2010 Lease [tbenson81]
Jun 29, 2009 (12:42 pm)
wow i am getting screwed 30,275. price of car 09 tsx tech
#1426 of 2481 Re: New to Leasing. [marc52]
Jun 29, 2009 (12:50 pm)
You do not, and I repeat you do not want to trade a car worth $7200 on a lease. Buy the car instead.
Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss.
For example, a customer once leased a Toyota 4Runner and put $3,000
down as a cap reduction. Five months later the vehicle was totaled in an
accident. The client's insurance paid its portion of the lease payoff and
Gap Insurance paid the balance. Our client walked away with only paying
his insurance deductible but he did not get reimbursed for his initial down
payment of $3,000. It was lost.
The moral of this true story is to put as little money down as possible,
ideally no money down.
#1427 of 2481 Re: New to Leasing. [kingpcgeek]
Jun 30, 2009 (7:14 am)
So as I understand it the risk is if the car is totalled. My payments would have been much smaller but I would loose my $7200 down payment. I should buy it reducing my payments and owning it outright.
#1428 of 2481 Re: New to Leasing. [marc52]
Jun 30, 2009 (7:38 am)
Now you get into the buy vs lease situation. I think that many in the media called leases (fleeces) is that many just dont understand a car lease. Some people just understand the monthly payment whether it is a buy or a lease. My way of looking at it, if you can basically pay for the actual depreciation of the car (per a lease)you are doing well. If you buy a car your loan should be for 5 years max. If you do the math-for example a car loan at 6%/30K car/5 years with 3000.00 down will get you an 821.00 car payment. The same car using a lease program may yield a cost of 400-450 a month (estimate). If you buy a car and drive it for many years probably near or after year 5 you will be ahead of the game. If you buy a car every 3-4 yrs and trade in, the lease is the way to go. This assumes you buy a car with good residual values like honda, lexus,bmw, infiniti etc.