You are here: Forums Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions

Acura TSX Lease Questions

1554 messages,  Last post on Dec 01, 2009 at 6:31 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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

Messages Page 144 of 156 1 ... 141 142 143 144 145 146 147 ... 156 Prev Next Last

Go To Msg # Search This Discussion

#1426 of 1554 Re: New to Leasing. [marc52] by kingpcgeek Jun 29, 2009 (12:50 pm)
Replying to: marc52 (Jun 29, 2009 12:41 pm) You do not, and I repeat you do not want to trade a car worth $7200 on a lease. Buy the car instead.   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. Replies to this message: marc52 (Jun 30, 2009 7:14 am) robertw477 (Jun 30, 2009 7:38 am)
#1427 of 1554 Re: New to Leasing. [kingpcgeek] by marc52 Jun 30, 2009 (7:14 am)
Replying to: kingpcgeek (Jun 29, 2009 12:50 pm) 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. Replies to this message: robertw477 (Jun 30, 2009 7:38 am)
#1428 of 1554 Re: New to Leasing. [marc52] by robertw477 Jun 30, 2009 (7:38 am)
Replying to: marc52 (Jun 30, 2009 7:14 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.   Rob
#1429 of 1554 What is a fair price? by marc52 Jun 30, 2009 (9:09 am)
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. Replies to this message: tbenson81 (Jun 30, 2009 11:04 am) robertw477 (Jun 30, 2009 12:28 pm) 10sfan (Jul 02, 2009 9:57 am) kingpcgeek (Jul 02, 2009 12:00 pm)
#1430 of 1554 Re: What is a fair price? [marc52] by tbenson81 Jun 30, 2009 (11:04 am)
Replying to: marc52 (Jun 30, 2009 9:09 am) Just diviide the Money down over the term. So 299 a month with 3000 down for 36 months is 299 + (3000/36) = 83   383 with no money down   Just to give you a ballpark number
#1431 of 1554 Re: What is a fair price? [marc52] by robertw477 Jun 30, 2009 (12:28 pm)
Replying to: marc52 (Jun 30, 2009 9:09 am) In my earlier post a few up I mention how most people dont understand a lease. Your post is an example of this. I am blunt but I dont want a person like you new to leasing to get screwed.   #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
#1432 of 1554 So what is a good deal? by marc52 Jul 02, 2009 (6:33 am)
On a 2010 base TSX for 36 months. I do want to buy it at the end of the lease. I am going to use money from my private sale to make the payments and buy it at the end. For 36 months what is a good monthly payment and buyout price. Replies to this message: marc52 (Jul 02, 2009 6:34 am) robertw477 (Jul 02, 2009 7:12 am) kingpcgeek (Jul 02, 2009 7:59 am)
#1433 of 1554 Re: So what is a good deal? [marc52] by marc52 Jul 02, 2009 (6:34 am)
Replying to: marc52 (Jul 02, 2009 6:33 am) Nothing down ofcourse!
#1434 of 1554 Re: So what is a good deal? [marc52] by robertw477 Jul 02, 2009 (7:12 am)
Replying to: marc52 (Jul 02, 2009 6:33 am) Forget the buyout price. Its set by American Honda. Per a lease deal like this it is not relevant. If you mean you want to buy the car from American Honda at the end of the lease and then sell the car for a profit? This is fairly difficult. Unless you are under miles there wont be a big spread. I am not sayign its not possible, but I would not worry about that.   Rob
#1435 of 1554 Re: So what is a good deal? [marc52] by kingpcgeek Jul 02, 2009 (7:59 am)
Replying to: marc52 (Jul 02, 2009 6:33 am) Why would you go through a lease when you plan on buying it at the end of three years? If you buy it instead of leasing it you don't get hit with the $595 bank fee.   As someone else already said there is no negotiation of the buyout price. That price is MSRP X the residual % set by Honda Finance. You negotiate the selling price.

Messages Page 144 of 156 1 ... 141 142 143 144 145 146 147 ... 156 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions