2434 messages,
Last post on May 21, 2013 at 8:26 AM
You are in the
Prices Paid - Buying & Leasing Experiences Forum.
What is this discussion about?
Acura TSX, Car Leasing, Sedan
#2410 of 2434 Re: 2013 TSX with Tech (4cyl) [gflan33]
by Car_man HOST
Mar 03, 2013 (8:52 am)
Hi gflan33. Unless Acura is running some sort of official early lease termination program that I am not aware of or your car is worth significantly more than its lease-ed purchase option price, you probably would be better off waiting until the scheduled end of your lease to get something new.
Through March 4th, Acura's buy rate lease money factor and residual value for a 36-month lease of a 2013 TSX 4-cylinder Tech with 10,000 miles per year are .00011 and 57% for consumers who qualify for its top credit tier.
Acura is scheduled to introduce its new March programs on the 5th. Please feel free to post a reminder for me in this discussion and I'll be happy to provide you with an update.
Acura is not providing any cash incentives that I am aware of on the '13 TSX right now, but that may change.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2411 of 2434 March lease money factor and residual value
by chanshiv
Mar 08, 2013 (7:39 am)
Car_man,
Can you provide the details for 2013 TSX with tech? Thanks!
#2412 of 2434 2013 TSX with tech
by chanshiv
Mar 08, 2013 (7:47 am)
With $2,500 total out of pocket, 10k a year, on a 2013 Acura TSX Tech, the payments will be $338 tax included. Is it a good deal? Thanks!
#2413 of 2434 Re: 2013 TSX with Tech (4cyl) [Car_man]
by gflan33
Mar 08, 2013 (1:52 pm)
Thanks for the info! If you get a chance, could you explain how it would be significantly better to wait until the end of the lease? It seems to me that if we know the lease is coming up to end with such a low buy-out price we could work with that information now instead of waiting a couple months for the lease to end.
#2414 of 2434 Re: March lease money factor and residual value [chanshiv]
by Car_man HOST
Mar 10, 2013 (7:35 am)
Here you go chanshiv. Acura's March buy rate lease money factor and residual value for a 36-month lease of a 2013 TSX 4-cylinder with Tech and 15,000 miles per year are .00046 and 54% for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2415 of 2434 Re: 2013 TSX with Tech (4cyl) [gflan33]
by Car_man HOST
Mar 10, 2013 (7:40 am)
Hi gflan33. The problem with trying to get out of a lease early is that unless the bank that you are leasing through is running some sort of official early termination program, there is a very good chance that you will be on the hook for all of your remaining payments on your current lease. Banks usually don't just let consumers out of their lease contracts several months early for free.
Having said that, if your current TSX is worth significantly more than its end-of-term purchase option price then there's a chance that you could get out of it early for free. Usually this proves to be the exception to the rule.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2416 of 2434 Re: 2013 TSX with tech [chanshiv]
by SergeyM
Mar 10, 2013 (10:44 am)
Almost.
Need to know what is the sales tax in your area?
I also would not suggest putting any money down, all fees and taxes should go into the monthly payment.
With the above in mind you are paying about $407 per month for 10K miles per year. I would like to see $390-$395 per month for 10K miles per year with all fees included in the monthly payment.
#2417 of 2434 Re: Acura lease question [Car_man]
by toonice430
Mar 23, 2013 (11:50 am)
Hello carman!
I've been reading thru this thread and it has been very helpful, but this is my first post. I'd like to lease a 2013 TSX sport wagon, base model (no tech package). My initial offer for a 10,000 mile a year 36 month llease was $393 / month with no money down, no first month payment (35 month lease technically) and $219 due at signing for registration, title, docs, etc. This includes taxes on the monthly payment, which are 9% in the state of PA.
I was able to negotiate this down to $381/ month with all else remaining the same. The residual is 61% and cap cost would be under 32,000.
Does $381 / month for 35 months including taxes with $219 due at signing and no other money down seem like a good deal? It didn't seem like the dealer was willing to go any lower without me putting money into the deal which I'm not willing to do. They also said this would be an invoice deal for them, but I'm not sure that they are going the whole way down to invoice....I thought that was closer to $31,000. Any help would be greatly appreciated.
Thanks,
#2418 of 2434 Re: Acura lease question [toonice430]
by Car_man HOST
Mar 24, 2013 (1:40 pm)
Welcome toonice430. You definitely find out this car's exact selling price. You can then compare it to the dealer invoice price that is listed here at Edmunds.com, in the New Vehicle Pricing section of the site. I personally wouldn't pay more than a couple hundred dollars over the invoice price that is listed here. Let me know what thus number is when you find it out and I'll be happy to tell you what I think.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2419 of 2434 Re: Acura lease question [Car_man]
by toonice430
Mar 24, 2013 (3:40 pm)
Thanks for your reply. The starting cap cost was $32,264 with their first offer was $393/month, no money down.
They said that they could knock around $388 off the car, but they did not show me the new cap cost in writing. Blamed it on a bad printer. I am going to ask that he confirms the cost to me, but by my calculations it would make the cap cost of the lease approximately $31,875. This is still about $1,000 over invoice price for the car listed on edmunds.
I'm going to continue to negotiate, there should be more room, even though they said this was the best they could do. I will post my results.