- #191 of 804
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Re: Acura TSX: Lease Questions [Car_man]
by deagar
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Oct 30, 2006 (12:38 pm)
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Replying to: Car_man (Aug 31, 2005 3:03 am)
Hi Car_Man.
I just got the following offer on a 2006 TSX (w/o Navigation) from Devan Acura in Norwalk, CT and would like your opinion.
MSRP - 28,505
Net Cap - 26,600
Residual - 56%, 15,962.80
Miles - 12,000
Term - 42
Factor - .0028
Rate - 6.8%
Bank Fee - 595
Motor Vehicle Fee - 155
Doc Fee - 199
Total Monthly Payment - 394.79
Total Spent (including 1st month payment) - 1400.73
Free oil changes included
Is this a good deal?
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- #192 of 804
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Re: Acura TSX: Lease Questions [deagar]
by anonymousposts
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Nov 04, 2006 (10:45 am)
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Replying to: deagar (Oct 30, 2006 12:38 pm)
That seems high to me. We have a 06 w/ NAV and about $1200 of added accessories. With no out of pocket we are paying $500 for 36 months/15,000 miles per year. Over the course of the lease we will have paid $3600 more than your payment but we have a shorter term, more miles, NAV, and accessories with no out of pocket. I'm not an expert at this but it seems a little high to me.
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- #193 of 804
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Re: 2007 Acura on acura.com now!!! question about... [gold6228]
by sthavorn
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Nov 18, 2006 (8:00 am)
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Replying to: gold6228 (Oct 27, 2006 9:49 am)
Car_man, a lot of people are saying different residuals, money factors and terms of the lease. I wonder if you could provide 36-42 and 48 months with nav without nav 10k,12k and 15k. That is the only way if we will good deal or not. Thanks
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- #194 of 804
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Re: IL lease deal [bs0]
by Car_man HOST
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Nov 24, 2006 (6:21 am)
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Replying to: bs0 (Oct 26, 2006 6:34 am)
I completely agree, bs0. Acura's lease program on the TSX is not very attractive right now. In fact, don't believe that Acura has ever provided lease support on the TSX. If I was really set on leasing, I probably would go with a different model.
Car_man
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Prices Paid Forum
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- #195 of 804
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Re: 2007 Acura on acura.com now!!! question about... [gold6228]
by Car_man HOST
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Nov 24, 2006 (6:23 am)
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Replying to: gold6228 (Oct 27, 2006 9:49 am)
Hi gold6228. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2007 Acura TSX with 15,000 miles per year are .00280 and 61%, respectively. The numbers for an otherwise identical 48 month lease (I haven't seen the 42 month numbers) are .00270 and 51%.
Car_man
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Prices Paid Forum
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- #196 of 804
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Re: TSX lease [tsxtravis]
by Car_man HOST
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Nov 24, 2006 (6:48 am)
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Replying to: tsxtravis (Oct 29, 2006 7:20 am)
Hi tsxtravis. I'm not sure what the maximum down payment on a lease is, but I can tell you that it is in your best interest to make NO down payment when leasing. Consumers who make large down payments on leased vehicles risk losing them if their vehicles are totaled in an accident or stolen and never recovered. You can and should lease any vehicle that you are interested in without making any sort of capitalized cost reduction.
There is still a good chance that you will be approved for a lease if your credit is not in perfect shape, but if you don't qualify for Honda Finance's top credit tier you will have to pay a higher money factor than someone who does.
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing.
Car_man
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Prices Paid Forum
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- #197 of 804
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Re: Acura TSX: Lease Questions [deagar]
by Car_man HOST
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Nov 24, 2006 (6:55 am)
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Replying to: deagar (Oct 30, 2006 12:38 pm)
Hello deagar. The dealer invoice price for a 2007 Acura TSX without navigation but with an automatic transmission is currently $26,106. Acura is currently providing $500 dealer cash on this car. This bring its dealer cost before holdback down to around $25,606. The price that you were quoted is $994 over this. That isn't a bad price, but you may want to stop by the following discussion to see how much other community members have paid for similar models lately: "Acura TSX: Prices Paid & Buying Experience". Honda Finance's current buy rate lease money factor for this car is .00280. This is equivalent to an interest rate of around 6.72%, which is in line with the rate that you were quoted. It wouldn't hurt to so some more research on this car's price by visiting the "Prices Paid" discussion, but overall I would say that this is a reasonable deal.
Car_man
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Prices Paid Forum
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- #198 of 804
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Re: 2007 Acura on acura.com now!!! question about... [sthavorn]
by Car_man HOST
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Nov 24, 2006 (6:58 am)
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Replying to: sthavorn (Nov 18, 2006 8:00 am)
Here's the info that you're looking for, sthavorn. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Acura TSX without navigation with 15,000 miles per year are .00280 and 54%, respectively. The numbers for an otherwise identical 48 month lease are .00270 and 45%. If you were to lease this car with only 12,000 miles per year its residual values would be 2% higher. Its 10,000 mile per year residual values are 3% higher than its 15,000 mile per year residuals.
Car_man
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Prices Paid Forum
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- #199 of 804
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Re: 2007 Acura on acura.com now!!! question about... [Car_man]
by bkgs
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Nov 24, 2006 (2:12 pm)
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Replying to: Car_man (Nov 24, 2006 6:58 am)
car man,
I would like to ask you a question but don't know how to contact you.
I would like to know if Ford's holdback to dealers is a standard 3% for every vehicle or if it varies by vehicle or even dealer and if so, how.
Could you mention where I can get more detailed info than the 1-3% industry standard as well.
Thank you.
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- #200 of 804
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Re: 2007 Acura on acura.com now!!! question about... [bkgs]
by kyfdx HOST
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Nov 24, 2006 (8:15 pm)
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Replying to: bkgs (Nov 24, 2006 2:12 pm)
Everything you ever needed to know about holdback
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