Last post on Nov 28, 2013 at 6:30 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura TSX, Car Leasing, Sedan
#2167 of 2481 2011 Acura TSX leasing HELP!
Aug 15, 2011 (1:10 pm)
I'm totally new to this. I'm qualified for the college program 36 month leasing offer:
$0 down payment, $360/month for 35 months, 10k miles/year, the net capitalized cost is $30,410.94 including a $595 acquisition fee. the residual is $18,906.9. Based on the info, my calculation indicate that the residual rate is 62.7%, and money factor is .00083.
The state that I reside in levies a $300 sale tax plus vehicle property tax which varies by years. But, confirmed with the county treasure office that leasing car is treated as buying a new car and full sale price will be applied for tax purpose.
I'm totally new to leasing car business. Please help me take a look. I need to make a decision pretty soon as I'll be crazy busy with the new job soon. Thank you!
#2168 of 2481 Re: 2011 Acura TSX leasing HELP! [sceric]
Aug 16, 2011 (7:17 pm)
Compare the sales price of the car to what truecar.com shows for your area. Aim for the lowest price truecar shows.
#2169 of 2481 2011 TSX 5 Speed Automatic Featured Special Lease - can I do any better?
Aug 24, 2011 (6:35 pm)
I am considering leasing the base TSX with the $299/mo. $2499 due at signing special.
Seems like a good deal to me as is. Do I even have a shot to try to negotiate this lease down even further? I know "dealer contribution may vary" and that tax, motor vehicle and other fees are extra. All things being equal, could I walk in there and offer to pay $275 a month and have them take me seriously? Or can I negotiate to increase the dealer contribution to include these extra fees?
I also have a trade in that I can get about $5k for. I assume that the trade in value will be a cap cost reduction used to determine the net cap cost and mohtly payment.
Any insight on this is appreciated.
#2170 of 2481 Re: 2011 TSX 5 Speed Automatic Featured Special Lease - can I do any better? [space_odyssey]
Aug 24, 2011 (6:50 pm)
That was exactly what I felt. But, after negotiation, I ended up with paying $340/month for 35 months with zero down.
#2171 of 2481 Re: 2011 TSX 5 Speed Automatic Featured Special Lease - can I do any better? [sceric]
Aug 24, 2011 (7:17 pm)
Nice deal. I broke it down and you are right. Looks good on paper but then when you break it down, you are overpaying on the MSRP. The 299 doesn't include taxes and DMV fees, either. So the actual payment works out to about 320/mo.
I assume you negotiated the MSRP down. What did you get it down to? $29,000?
#2172 of 2481 TSX with Tech Package - Lease
Aug 31, 2011 (4:16 am)
I am trying to lease a 2011 TSX. The dealer gave me a price of $32600, with $430(without tax) for monthly lease. I asked for a 12000 miles. He said it is $12 more than the 10000 mile price.
The residual value, he gave me $19500. residual also looks too high.
What is a good price on this?
#2173 of 2481 Re: TSX base lease - early termination [marys236]
Aug 31, 2011 (6:39 am)
I just turned in my 2009 TSX 4cyl base 6 months early and signed a new lease for a 2011 TSX 4cyl Tech. It isn't unusual to get out of a lease early if the dealer can buy out the older car from the leasing company and resell it for profit. Basically, they will appraise your current car, then compare the appraisal to the lease buyout cost. In my case, they offered me a great deal on the 2011 tech model plus the $750 loyalty incentive.
#2174 of 2481 Re: TSX base lease - early termination [rolento76]
Aug 31, 2011 (7:05 am)
I am looking to lease a TSX too with Tech package. Just wanted to know, how much did they quote you?
#2175 of 2481 Re: TSX with Tech Package - Lease [pimli]
Sep 01, 2011 (9:35 pm)
check truecar.com for the going sales price in your area.
A higher residual is actually good. The higher the residual the lower the payments. But the residual % is set by Honda Financial.
#2176 of 2481 Re: TSX base lease - early termination [pimli]
Sep 02, 2011 (4:40 am)
They quoted me $31355. Monthly payment is $389 a month no money down.