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Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions
751 messages, Last post on Jul 06, 2008 at 2:34 PM
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I got the following deal in WI on Acura TSX 2008 base model without navigation. 24 month/12 K year residual at the end of 2 year period is $ 19,057 1 pay lease of 9 K ( includes sales tax, registeration, licence plates, etc) would this be a good deal? What factors do I need to look at if I need to get out of the lease say after 12 months? Thanks
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Replying to: mojo1981 (Jan 19, 2008 10:51 pm) I would not advise you to pay the lease in full, I would keep the 9k in the bank, and pay the payments. After 12mths if you needed to get out of the lease, your option would be to trade it in, perhaps taking a slight hit with being upside down, or sell it privately. But, you could totally get out, as opposed to paying it in full, and your money being dumped into it, getting someone to take over the lease. If you happen to get in a wreck than you would lose that 9k. The leases right now are very good on the TSX, work on the sale price, that way you'll be better off in the end. Do a $0 down lease, and you'll have a great car, with minimal funds attached to the car. |
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Replying to: petebk (Jan 19, 2008 12:27 pm) The $299 per month lease with $1,499 total due at signing ($605 capitalized cost reduction, $299 first month's payment, $595 acquisition fee) is very strong. The residual based on 36 months with 10,000 miles per year is quite strong at 58% and AHFC's Super Preferred money factor is amazing at 0.00035 (0.84% interest rate)! Most dealers should be willing to meet the nationally advertised pricing. If you need any more help, please feel free to email me. |
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Replying to: mojo1981 (Jan 19, 2008 10:51 pm) |
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Replying to: mojo1981 (Jan 19, 2008 10:51 pm) |
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I was at Fountain Auto Mall here in Orlando, FL. I'm looking to take advantage of the current special on the TSX. I'm new to leasing so I'm learning alot during this experience. After reading some of this forum I decided no money down was what I should do because I would be renting the car and money given in is a loss. Anyway here is what they are offering me: 2008 Acura Base w/o Nav 36mth term/ 12k mi year MSRP: $28,890 Sales Price: $27,200 Cost Reduction $ 709.58 - dlr contribution since supposed to be due at start Adds- $595 Acq fee, $598.50 dlr fee, $207 tag, $90.50 init fees and $856.23 tax Adjusted Cap Cost: $28,393.50 MF: .00035 Residual $16,475.85 = 57% Tax rate: 6.5% They are giving me a $346.75/mo w/ $22.54 tax Total: $369.29/mo I want them to cut out Dlr fee and acq fee- I think this is alot monthly for this car. What do you guys think? Also one thing I dont understand is the tax. I think Im being double taxed- monthly and initially...does that make sense?
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Replying to: daverich18 (Jan 23, 2008 2:07 pm) I have no idea what the $856.23 tax is. 
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Replying to: kiln (Jan 23, 2008 9:05 pm) |
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They quoted me $398/mo for 36mo with $600 down for the 08 TSX w/nav. I was still thinking about it. A week later they called me back because I really wanted a black one and the only black one they have has the body kit added to it (which I really didn't need for $1700 more). They offered me $403/mo with $600 down for the black 08 TSX w/nav and the body kit (total of $180 more) This is with 10k mi/year. They said I've only got until the end of the month to get it with this money factor. How can I tell what the residual and the selling prices are? Does the body kit add or take away anything from the residual. I do plan on buying at the end of my lease and I will probably have about 14k mi/yr. Should I worry about the 10k mi/yr? Do they usually quote these prices in before tax terms or after tax? Let me know your thoughts, It's my first lease.
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Replying to: cassandra999 (Jan 28, 2008 6:03 pm) If you need more help, please email me or reply.
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