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
#281 of 2481 New to leasing
May 07, 2007 (10:00 am)
I was looking to purchase a used 2005 TSX. The prices range from 20K - 25K. I'm in LA and used prices seem to be a few thousand higher here than in the mid-west, I was actually prepared to fly out to Colorado Springs to pick up an '05 with 19K for 21K, but then I took a test drive in an '07 with NAV. Now I gotta have it!. The dealer the salesman suggested I lease a 2007. For 2K down and $310 it sounds like a good deal. I always been a staunch "purchase my vehicle" kind of guy so I'm skeptical. I don't like the idea of having zero value at the end, but it allows me to keep my cash right now and I'm in a bit of a cash flow crunch.
How do I go about getting the best deal on a lease. What are the negotiating points? Since Acura is offering 3.9% financing AND lease incentives doesn't that mean they have a glut of inventory?
#282 of 2481 Re: New to leasing [serfy]
May 07, 2007 (2:40 pm)
The first, and single most important, negotiating point on a lease is the "selling price" of the car. Negotiate it just as if you were buying - check this forum and the prices paid forum to see what kind of selling prices/quotes others have been getting. Seems many are now getting below invoice deals.
What does the proposed $2K down include? Generally, putting the least amount down makes sense - advertised deals almost always include a hefty down payment so they can show a low monthly payment. Good advice from this forum says if your car is totaled you may not get back your upfront down payment - insurance settlement may merely pay what's owed on the lease.
(When I'm calculating lease payments on different cars - to make comparisons easy - I add the negotiated selling price and the bank acquisition fee together to arrive at the cap cost. This leaves the first month's payment plus tags and title and dealer document fees to be paid upfront.)
#283 of 2481 Aftermarket alarm on a leased TSX
May 08, 2007 (12:43 am)
Hi all, I was wondering if anyone could tell me if there would be a problem getting an aftermarket alarm installed on a leased TSX. I know leasing severely limits changes you can make to the car but wasnt sure if this would be allowed or not.
I've read a number of problems in my area with TSXs being broken into by someone or a group with a master key which totally defeats the built-in security.
If this is doable would it need to be through the dealer?
If i had it done by an outside shop after leasing, would I need to remove the alarm at the end of the lease?
And lastly, would the cost of this or any other additional accessories I got on the car be taken into account when calculating the residual or is it just a % of the straight MSRP?
Thanks for your feedback
#284 of 2481 07 TSX MF & Residual
May 10, 2007 (7:46 am)
Recently I looked into leasing a Mustangs, however they are terrible lease vehicles...($490/mo, are you kidding me? I'd be cruising with a G35 at that price). Anyway, so my 2nd choice is the TSX. Here is what I've been getting:
First thing to note, Acura has ended production on all 07 TSX (I believe new 08 is rolling out at an unannounced date and there is talk that it'll sport the RDX's 240hp engine). With that said, here are the deals I am getting in So Cal.
07 TSX w/o navi:
Lease price 26200
Term 36 mo
Approx mo payment $339 (after 8.25% tax)
07 TSX with navi
Lease price 28200
Term 36 mo
Approx mo payment $376 (after 8.25% tax)
Hope this helps!!!
I'm hoping to pick mine up this weekend (assuming they will not jacked me on my trade in)
#285 of 2481 Re: Aftermarket alarm on a leased TSX [ausdtech]
May 10, 2007 (7:51 am)
Typically, anything you do to your vehicle requires you to remove at end of lease. Specially if the modification is visible and done by a third party. To stay on the safe side, I would speak with the dealer ship about getting one installed by them.
On another note, you are leasing this vehicle, so just get gap coverage if you live outside of NY. (in NY, it is included in the lease according to Honda Financial Services website). gap coverage is fairly inexpensive and covers theft and total loss due to damage. I just hope you didn't put any money down on your car.
#286 of 2481 Re: Aftermarket alarm on a leased TSX [gforce11]
May 10, 2007 (4:08 pm)
Thanks for the response. I haven't leased the vehicle yet, so I'll check into options available through the dealer when I get to that point, although typically they try and charge you much more than an aftermarket shop would.
In terms of the gap coverage, I'm not so much worried about the car being stolen, the thefts in the bay area have been items from the car generally not the car itself. Problem is that I have a laptop and other tools for my job with me almost all the time. Since the thieves in my area have had a key, even locking my gear in the trunk wouldnt help if they could bypass the stock alarm with the key (using it to roll down the windows) and then use it to unlock the trunk.
#287 of 2481 Re: 07 TSX MF & Residual [gforce11]
May 12, 2007 (8:25 am)
Hey what state/dealer is that? Is that without mentioning that you have a trade?
#288 of 2481 Re: 07 TSX MF & Residual [hellye1]
May 14, 2007 (3:12 pm)
Power Acura in Torrance California. Supplies are dwindling from what I'm hearing (for non-navi). I believe they have like 6 left or something like that. Yes, the deal excludes my current car.
I'm picking up mine tomorrow night. I plan to roll-in about $1000 (last payment & disposition) of my current car (A4) into the new lease. (I'll probably pay off my last payment as part of the down payment.) Should bump my monthly like 20 bucks more. Next time, i'll watch closely for "disposition fees". Then again, leasing from honda is nice because they don't charge you that. The deal runs through end of June if you have a 710 or higher on your Fico.
#289 of 2481 Re: May leasing deals [Car_man]
May 20, 2007 (12:48 pm)
Dear Car Man,
Does Virginia qualify for the current lease deals on the TSX? Please provide the details on the lease structures under the current promotion (and if VA is applicable)
I am looking to lease an 07 TSX w/ Navi.
#290 of 2481 Memoria day/end of may deals
May 23, 2007 (9:14 am)
I am looking to lease standard (no navi) 2007 tsx in nyc 3-state area. Any suggestions?