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Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions
1553 messages, Last post on Dec 01, 2009 at 3:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Oct 05, 2008 4:46 pm)
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Replying to: drtravel (Oct 06, 2008 8:19 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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i got the new Acura tsx 2009 without eh tech package this is the deal i got 500 down including tax and fees 408 dollars a month i added the 600 tire warranty for 17 dollars a month total 425 dollars a month for 39 month the reason for the tire is i had Mazda6 before and had to change 4 tires over 4 years because of potholes and Acura uses the same tires |
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Replying to: onlymehdi (Oct 21, 2008 6:57 am) can you give out more info on your lease? is that 36-month 15K/month lease? what's the breakdown cost of your inception fee? what's money factor? thanks a lot!
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Replying to: onlymehdi (Oct 21, 2008 6:57 am) So a car with a MSRP of $29,720, Cap cost of $27,398 (invoice price with nothing down), 36 months with 15K per year has a residual of $18,724 (63%) and a money factor of 0.0027 would have a monthly lease payment of $365.48 + TTL. I doubt a 39 month lease would be much different - the monthly payment might even be a little bit lower. When analyzing leases you need to provide more information than just the monthly payment. They may have bumped up the money factor, your cap cost may have been too high etc. Don't know what market you are in but in So Cal, buying this car for close to invoice is definitely doable. PS - good luck on finding the money factor in your contract. Seems like car leasing is exempt from listing the APR. Just multiply the money factor by 2400 to determine the interest rate - 2400 * 0.0027 = 6.48%. I think this is too high and am willing to wait until the rates comes down.
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Replying to: drtravel (Oct 21, 2008 11:12 am) |
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Replying to: njnj (Oct 21, 2008 10:55 am) |
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Hi Car Man, since you seem to have all this info, I'd really appreciate your help on this. I was wondering which factory terms change month to month. Is it just the money factor, or do residuals (for each miles/year tier) change each month too? From what I can gather on this forum, it seems like we should maybe be expecting 66% for 10k, 65% for 12k and 62% for 15k? Also, you said above the money factor for October is 0.0027 or 0.0028 w/o a security deposit...is that the best rate that any dealer can use in the month of October, and they can mark it up from there? The strange thing is that the TSX lease special on the Acura website ($329/mo w/o tech 10k mi/yr) seems to be using a 0.0030 money factor, which sounds pretty high... |
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Replying to: spoon7 (Oct 25, 2008 9:21 am) Honda finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura TSX without the Tech Package with 15,000 miles per year are .00290 and 63%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. If you were to have your security deposit waived, the money factor would be .00010 higher. Dealers are usually allowed to mark banks' buy rates up a little to add additional hidden profit to dealers if they choose to. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Oct 26, 2008 4:27 pm) Assumed Vehicle Cost: $27,500 Residual: $17,325 (63%) Down Payment: $2,675 Term: 36 mo Money Factor: 0.00290 Miles: 10k Based on these numbers I'm calculating an expected payment of ~$400 / mo versus the $309 / mo they are offering. I'm only trying to understand this so that I can try to predict if there's a chance an even better deal will come in the future since this offer ends Nov 3, 2008. It seems doubtful it'll get better than this, but maybe I'm missing something. Can anyone help shed some light? I should mention this is without the Tech Package.
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