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Acura TSX Lease Questions

1556 messages, Last post on Dec 07, 2009 at 8:17 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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15k/Yr 3 Yr Lease Lease Fees only Upstate NY What do u think I should base the lease off? What is the correct Cap Cost I should aim for?...thanx |
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Hi looking2lease. I am not personally all that familiar with what the market is like for the Acura TSX right now. Since the selling prices of leased vehicles can be negotiated, just as if you were paying cash for or financing them you should be able to get a good idea of what sort of capitalized cost to aim for by visiting the following discussion: "Acura TSX: Prices Paid & Buying Experience". As far as this car's lease program goes, if you were to lease a 2005 Acura TSX without navigation through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00250 and 57%, respectively. Let me know if you have any other questions. Car_man Host Smart Shopper / Prices Paid Forums |
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Car_Man, My friend plans to lease an 05 Acura TSX (w/o Navigation System). Given my leasing experience with the Highlander, I was hoping maybe you could provide her with advice as to whether this is a good deal. The MSRP is $27,190. The dealership wants $380/mo for 36 months for 15K/year. She also would have to pay $2400 down to include closing costs. Does this sound like a fair deal to you? If not, approximately how much should she be looking to spend. Thank you so much. |
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Hi suvgal. Your friend needs to find out what the selling price of this car is. This is an important number for consumers to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if one was paying cash for them. Without knowing the price of the car that one wants to lease one doesn't know how good a price they are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that your friend is interested in for you if you let me know what its selling price is. If your friend does not know what a good price for this car is, they should be able to get a good idea of how much they should pay by visiting the following discussion: "Acura TSX: Prices Paid & Buying Experience". Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 06, 2005 4:02 am) |
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| Car_man, do you have money factor & residuals info for 36 mo lease, either 12k or 15k miles/yr? 2006 Non-navi | |
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Car_man, I was hoping you could provide me with the sample lease payment on $26,400 instead. My friend found another dealership but wants to buy this week. |
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You're very welcome suvgal. Let's calculate a lease payment on this car and see what we come up with. According to my calculations, if your friend was to lease a 2005 Acura TSX (w/o Navigation System) with an MSRP of $27,190 and a selling price of $26,400 through Honda Finance right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $408. With this deal, at lease signing your friend would have to pay her car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, Honda Finance's $595 acquisition fee, and any required state taxes or fees. Car_man Host Smart Shopper / Prices Paid Forums |
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Unfortunately, I have not seen this car's residual values yet, nvnick. I can tell you though that Acura is not currently providing any sort of lease support on it. As a result, if you were to lease one through Honda Finance right now, you would have to use its standard lease program. Its current buy rate standard money factor for 36 month leases is .00250 for consumers who qualify for its top credit tier and pay a security deposit. The money factor is much more important to know than the residual value anyhow because banks do not have the authority to alter banks' residuals. Car_man Host Smart Shopper / Prices Paid Forums |
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Car_man, What are the chances of lease incentives soon? On the one hand, I still see many '05's on the lots, on the other hand Acura has had a few months of record sales in a row and rarely does incentives from what I can tell. Competition in that lease payment area is tough, with the IS250, G35, and 325i all in the low $400 range (well negotiated). |
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