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
#144 of 2481 Did I get a good deal?
Oct 12, 2006 (11:56 am)
I was just at the Acura Dealer in Wayne, NJ on Rt. 23 South this past Saturday.
They offered me the below 36-month 12K lease deal on a 2006 TSX with Navi.
$379.00 per month (36 months) (Includes Tax)
$3000.00 down (Not including first months payment)
Gross Capitalized cost = $29,949.34
MSRP = $30,505.00
Residual Value = $17,997.95
Depreciation & Amoratized Amount: $8,951.39
Rent Charge: $4692.60
Total of Base Payments: $13,643.99
Total of Payments: $16,644.00
Is this a decent deal?
I appreciate your response.
#145 of 2481 IL leasing
Oct 17, 2006 (6:45 pm)
I gather leasing in IL is not good (i have not leased a car in this country before) due to the sales tax. If i live in IL, can i lease a car from a dealership in Wisconsin and save some $$? Is it worth it on a mid 20's car like an acura tsx or civic si sedan?
#146 of 2481 Possible Deal at IL dealership
Oct 19, 2006 (3:20 pm)
OK, so i can get:
tsx (MT, no nav)
- msrp 28560 - according to dealers web site
- negotiated price - $26351
- residual - 60%
- money factor - 0.00290
- miles - 12000
- term - 36 mths
- acquisition - 595
- security - 425
- total down (out the door cost) - $2000
giving $409.75 monthly payment. is this good?
#147 of 2481 Residual question
Oct 19, 2006 (3:24 pm)
If a dealer says 60% residual is that 60% of the msrp or 60% of the price u negotiate??
#148 of 2481 IL lease deal...
Oct 19, 2006 (5:19 pm)
I've been dealing with Chicago dealers on a TSX over the past week and one of them quoted me via email $26100 for a TSX auto w/o navi on a 36 month, 12k a year lease with all of the other items you mention, including the same money factor. They did this without hesitation; therefore, you may be able to get your negotiated price down. I have seen prices now fairly consistently below $26k and even one at $25,300 (although this was from someone in CA where it seems prices are always lower on TSXs).
I also heard that Acura may be preparing to lower the money factor on '06s once the '07s start showing up in order to clear more of them out. This is rumored to possibly take effect in a week or two.
Also, on residual it is the residual on the MSRP and not negotiated price.
#149 of 2481 IL lease deal
Oct 19, 2006 (6:36 pm)
mlb11 - thanks a lot, i will push the price a bit more....is the edmunds calculator acurate with the IL tax situation - just trying to figure out if the $409 is right without any other 'stuff' in it!
#150 of 2481 Re: IL lease deal [bs0]
Oct 19, 2006 (7:10 pm)
The edmunds lease calculator does not work for calculating IL tax. I checked this by having one of the dealers fax me their worksheet. What you need to do is calculate the tax first and add it. I now use a slightly simpler calculator found here:
I then calculate my tax seperately and then add on the aquisition fee ($595) and put the final value in "costs added to lease". Your cap cost reduction is then your downpayment. One other item to remember is that usually your first month's payment and IL tags ($143) will come out of your downpayment - so figure on taking $450 to $550 off your downpayment first, then put the remainder into the cap cost reduction. This should get you very close to the $409. Once you are close, you can then play around with different numbers and see how good a deal you can get.
Good luck! I'm going to hold out a little longer and see if these money factors drop....
#151 of 2481 Re: IL lease deal [mlb11]
Oct 20, 2006 (6:38 am)
thanks mlb11 - i will have to 'fiddle' with the xls i created and see what i can get - i really don't care too much about $5 or $10 here and there...it's only an issue if they are trying to really stick it to me with $50 to $100 /month or something!!
So - do u or anyone have any inside info on the '06's? I have a manual, charcoal that i have my eyes on but 2 different dealers seem to each have 1 so maybe i can afford to wait if u think the MF or prices are going to drop within the next month max.
#152 of 2481 Re: IL lease deal [bs0]
Oct 20, 2006 (8:12 am)
I wish I had more info. I was actually going to go to the dealers again this week, but I read that off of the tsx.acurazine.com forums. It apparently came from one of the dealers. It makes sense to me since acura ran a 24 month lease special on the TL earlier this year with a money factor of .00136 - now that would be more like it!
I'm in the same boat with you also - I like red in the TSX and there are currently 5 of them. This is a bit of a risk to wait, but I think I'll roll the dice. Since there are 2 in your case, I wold probably be more pressured to head out and see what they can do....also remember, the end of the month is fast approaching. That should give you more negotiation leverage as well. If you do decide to buy, please post back and let us know how it went. If I hear more on the change in money factor, I'll post it here.
#153 of 2481 Re: IL lease deal [mlb11]
Oct 20, 2006 (8:53 am)
hmm...it seems like the MF on the tsx his high - the special on the TL right now is .00136 - a lot lower - i wonder if i should wait around or what...