- #1452 of 1542
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Lease vs. Buy TSX Tech 2010
by roubaud
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Jul 11, 2009 (7:22 pm)
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Ok, first time potential leaser here. Reading these forums for weeks makes me think / hope someone smart is out there, and is willing to be patient / redundant with a question I'm sure has been asked before.
Someone mentioned if your credit is very good, you maybe wouldn't have to place a down payment on the lease. Is this true?
What's the point in negotiating the price down from MSRP if you go with an Acura lease incentive whose residual is based on the MSRP, and not what you haggle down to? Plus, In my state tax is paid monthly, and so is lower than based on the final cost, so no tax break on haggling down as I see it.
So I wonder--if the current lease special for a '10 Tech is, say, $389 for 36mths, tax might take me up to around $420/mth. Would a 5 year loan be that much more? Help? Have pity?
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- #1453 of 1542
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Re: 09 tsx tech lease Long Island [robertw477]
by roubaud
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Jul 11, 2009 (7:40 pm)
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Replying to: robertw477 (Jun 26, 2009 4:44 pm)
You've won me over!!!!!! I'm learning. Thanks for schooling me.
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- #1454 of 1542
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Re: Lease vs. Buy TSX Tech 2010 [roubaud]
by robertw477
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Jul 11, 2009 (7:45 pm)
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Replying to: roubaud (Jul 11, 2009 7:22 pm)
You need good credit for a lease. This has nothing to do with a downpayment or a cap cost reduction. When you get a lease quote you tell them you want sign and drive. You want to pay for first month and tags, not thousands of dollars. Oh sir we can lower your payments if you do a cap cost? What fools go for that? Example 400 a month lease or 300 a month with 3600 down. Which is better. Answer 400 a month. Forget current lease specials and national ads. Those rates either can be beat or have big cap costs. Often I can get sign and drive or lower on the same lease. Do your homework and read many posts here. I tend to think many lease buyers get fleeced. Also your payment on a loan even at the low interest rate is a larger payment by far. Use a loan calculator on this site. If you trade in cars every 3-4 years, leasing makes sense from 10-15K miles. 12,000 mile leases are standard. If you keep cars 5 yrs or more than a buy might work out better for you. Dont think too hard or try to come up with too many theories. For me I follow the bottom line leases mentioned here. Total costs. Use your local taxes though.
Rob
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- #1455 of 1542
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'10 6 Cyl Lease terms
by wculbert1
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Jul 12, 2009 (4:32 am)
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Anybody know what Honda is offering on residuals and money factors for the new 6 cyl?
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- #1456 of 1542
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Re: '10 6 Cyl Lease terms [wculbert1]
by Car_man HOST
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Jul 13, 2009 (2:09 am)
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Replying to: wculbert1 (Jul 12, 2009 4:32 am)
Hi wculbert1. I have seen Acura's lease program for the new 2010 TSX and I would be happy to help you out. This car's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so I had to make some assumptions. Let me know if you want something different.
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 TSX V6 non-Tech with 15,000 miles per year are .00243 and 58%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1457 of 1542
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Re: '10 6 Cyl Lease terms [Car_man]
by wculbert1
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Jul 13, 2009 (2:49 am)
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Replying to: Car_man (Jul 13, 2009 2:09 am)
Thanks, and sorry I didn't give all the details. Interested in 36 months with 12K per year.
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- #1458 of 1542
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and I want the tech version
by wculbert1
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Jul 13, 2009 (2:55 am)
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Replying to: Car_man (Jul 13, 2009 2:09 am)
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- #1459 of 1542
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Re: and I want the tech version [wculbert1]
by tbenson81
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Jul 13, 2009 (11:16 am)
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Replying to: wculbert1 (Jul 13, 2009 2:55 am)
Does anyone know the money factor and residual for the non-V6 TSX for July? The 2009 base and 2009 tech as well as the 2010 base and 2010 tech. Thanks!
From what I have seen......the numbers dont look as good as last month.
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- #1460 of 1542
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Re: and I want the tech version [tbenson81]
by 10sfan
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Jul 14, 2009 (11:38 am)
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Replying to: tbenson81 (Jul 13, 2009 11:16 am)
Just saw that the base TSX 09 lease offering went from $272.00,mo., 10K/36 mo. with $2,272.00 down to $397.00 for 10k/48 mo with $2,272. in the Chicago area. This is an 2009, not the 2010. Similar increases on the other Acura models. Good way to improve sales especially when overall Acura YTD sales are down some 35%
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- #1461 of 1542
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Re: and I want the tech version [10sfan]
by robertw477
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Jul 14, 2009 (5:49 pm)
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Replying to: 10sfan (Jul 14, 2009 11:38 am)
Those prices are terrible. Never do a 48 month lease! 36 max. Sign and drive leases only. No cap cost leases. Get the bottom line price. I think you might have to pay the sales tax up front in Chicago. Walk away if the deal is no good. All Honda leases are based on 12K a year. I have no idea why they quote 10K? How about calling some of the dealers in Milwaukee. Maybe they have better pricing?
Rob
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