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Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions
1553 messages, Last post on Dec 01, 2009 at 3:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: fastfeet (Jun 28, 2009 7:03 pm) I live in Florida. Dealer is giving me a 09 TSX Tech for 29k What kind of deal are you getting? |
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Replying to: tbenson81 (Jun 29, 2009 12:26 pm) |
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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.
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Replying to: tbenson81 (Jun 29, 2009 12:26 pm) |
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Replying to: marc52 (Jun 29, 2009 12:41 pm) From leasecompare.com: 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.
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Replying to: kingpcgeek (Jun 29, 2009 12:50 pm)
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Replying to: marc52 (Jun 30, 2009 7:14 am) Rob |
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Looking at a 2009 TSX base, What is a fair price with nothing down. The current deal is 299/month, 2405/down and 3299/due at signing. How do you convert this to nothng down with a good buyout price. I do anticipate buying it at end of lease and keeping it for at least 7 years. All help is appreciated. |
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Replying to: marc52 (Jun 30, 2009 9:09 am) 383 with no money down Just to give you a ballpark number |
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Replying to: marc52 (Jun 30, 2009 9:09 am) #1 Buyout terms on a lease are generally not favorable. In faxt you can return the car to the dealer and basically buy it back at a lesser amount on the contract. Only one time did it make sense for me as I was way under mileage. #2 If you are keeping a car for 7+ years buy it for get the lease. I think there are some special interest rate deals for Acura? #3 You lease because you want the flexibility of the lease and you dont want to buy the car. BTW that deal you have is terrible. You ask for a SIGN and drive lease. You need to do better on an 09 base model than that. You cannot negotiate buyout price with American Honda. Rob |
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