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Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions
837 messages, Last post on Oct 06, 2008 at 9:19 AM
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Since the posts on this board helped me out quite a bit, I figured I'd post the details of my deal in case it might help others. We originally went in to buy one with no nav, but after seeing how awesome the nav system was, we decided to splurge on it. 2007 TSX with Navigation Black/Ebony MSRP w destination = $30760 Invoice w destination = $28282 Sale price of car $28,600 ($318 over invoice) 12k miles/yr, residual 60% Money Factor 0.00127 Term (months) 36 Amount due at signing: $1,186 Monthly payment before tax: $351 Location: West Chester, PA Sales experience was quick and easy. We test drove the car, then afterwards I told the salesman that based on what I'd read online and such, $300 over invoice seemed like a fair price. He said no problem, shook hands, and we were signed and out of there within the hour. Took the car on a roadtrip over the holiday weekend and it's great! |
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Replying to: delta737h (Mar 30, 2007 6:01 am) Thanks |
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Replying to: magicboy2 (Apr 09, 2007 8:05 am) I'm looking to probably split the first month's/acquisition fees between cash down and capitalized cost, and then pay the document, tag, title, license fees in cash as well. The only part I don't know is how much they will give me for my trade-in, and how much of the difference to what I owe I will have to capitalize.
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Replying to: ewellsie (Apr 09, 2007 10:27 am)
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Replying to: magicboy2 (Apr 09, 2007 1:28 pm) Right now I am playing with my Expert Lease Pro program and trying to figure out how I'm gonna set this lease up. I think I would like to capitalize everything including first month's payment, acquisition fee, trade equity difference, and the tax on the sum of payments. The only thing I want to pay upfront is the document, tag, title, and licensing costs. I'm transferring a tag so those costs should be minimal. I'd rather have a slightly higher payment than have to put up more upfront, and I think I can probably change my offer down to $28,600 for a little edge in payment amount. |
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Well I just got back from the Acura dealer, and after a few weeks of shopping around and figuring out the terms I wanted, I successfully negotiated a deal this afternoon. Harder than I expected, but it still worked out in my favor. Don't have the car yet, but I've signed the buyers order and they're going to find me one this week. Hopefully Royal Blue Pearl with Ebony interior. Navi included. The terms were as follows: Price: 28,800 MF: .00127 Residual: 60% Terms: 36 months + 12000 miles/yr Down Payment: $750 Monthly Payment: $439 total The payment is a little higher than I wanted, but still less than what I was paying on my 2001 BMW 330Ci that I'm trading in. They only were giving me $12000 for it, but I got them up to $12,500 for the trade, which allowed me to roll the $499 dealer fee into the capitalized cost and get the down payment down to $750 from the $1250 they originally wanted. All in all I think I got a pretty good deal, considering the trade-in issues I had to deal with. I'm excited, I should pick up the car Tuesday or Wednesday. |
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Nothing really out of the ordinary on this lease I completed today - just want to add another "data point" to all the helpful info on this board. Alabaster Silver Metallic with quartz interior; AT; no Navigation; MSRP 28,760 (wheel locks and splash guards included) Selling price: 26,400 Acquistion fee: 595 Cap cost: 26,995 Money factor: .00127 Term: 36mo. 12k mi/yr Residual: 17543.60 (61%) Monthly payment: 319.10 plus tax of 8.25% = 345.43 Paid at signing: 660.72, as follows 345.43 1st mo. pmt. 255.75 Calif. title and registration 55.00 Document prep fee 4.54 tax on doc prep fee (per State board of Equalization apparently) Thanks so much to all of you previous posters - couldn't have done it without you! Finally - the lease payment calculator spreadsheet at this url is, I think, an indispensable tool for accurately figuring your lease, and easily testing out different scenarios: http://www.carbuyingtips.com/download.htm
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Replying to: rujo (Apr 23, 2007 7:23 pm) I hope Acura decides to continue the lease deals after 4/30 since I won't be ready to lease until after May 1st (my current car is getting inspected then, and if the dealer can't fix the issue I am eperiencing, I am seriously thinking of trading in), and I am afraid they will not have this deal again  What are the chances of Acura continuing the deal(s)? |
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Replying to: lmp180psu (Apr 23, 2007 8:12 pm) You know, I think there's a chance they could get even better . . . if Acura decides to put up some dealer cash or lower the money factor. Probably not all that likely - but you never know! I decided to take the bird in the hand, since I was able to pull the trigger prior to the end of the month. |
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| Getting ready to pull the trigger on a new TSX manual w/o navi. Any ideas on the May leasing deals (MF?). I know it is early. | |
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