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Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions
1543 messages, Last post on Nov 10, 2009 at 4:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: mcginsu (Nov 05, 2008 8:24 am) They were down about 20% except for the new TL which was up 20%+ |
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This deal runs from 11/4/2008 thru 1/5/2009 - 10K miles per year for 36 months with no security deposit, $595 acquisition fee. Use the following formula to calculate a lease payment: (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Money Factor = Interest Depreciation + Interest = Base Monthly Payment The cap cost is 29720-2675 (down payment) - 906.80 (discount) = 26,138.20. Residual value is 65% X 29720 = 19318 So the depreciation is (26138.20-19318)/36 = 189.45 and interest is (26138.20+19318) X 0.00263 = 119.55 Monthly payment is 189.45 + 119.55 = $309.00 plus TTL Compared to last month's lease deal - the residual decreased from 66% to 65% and the allocated discount increased from $661 to $906. Don't remember if they required a security deposit last month, also note that the offer doesn't include the money factor however I reversed engineered the offer to determine the money factor they would use. |
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Thanks for the info. I've read that in some of the messages that you shouldn't pay much up front in a lease ... How do you get around that with the salesman? As you can probably tell, I am new at leasing and really dispise dealing with auto sales people. I always get this feeling that everything is very secretative with them and thus the distrust. My lease is up in mid-January, I keep thinking that they might be offering some good deals. Any little tidbits and tips are appreciated. Thank you, Jackie O |
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Replying to: mcginsu (Nov 05, 2008 8:24 am) Acura's sales were off around 25% for the month of October. As bad as this is, it actually is better than the industry as a whole. Clearly Acura is going to need to continue to provide incentives on its vehicles to help them sell. However, eventually all automakers will cut production in response to the slowdown in consumer demand. They will not continue to crank out vehicles and increase incentives forever. I would not be surprised if the lease program on the TSX improved in the coming months, but I don't expect a huge fire sale. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Nov 05, 2008 6:46 pm) I noticed that the advertised lease deal on Acura.com is valid for November and December so it looks like Acura isn't planning on changing their lease numbers for two months. Note also that they do not require a security deposit to obtain the 0.00263 MF - at least that's what their web site details imply. Thanks |
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Replying to: drtravel (Nov 05, 2008 9:24 pm) Does this make sense that the Accord and TSX lease deals are so close together? They were quoting me clear into the $500's for a loaded Accord, which goes right into TSX territory. I am sure I could probably get a loaded TSX for lower than this, give or take, it would not be to far off. Still the TSX might seem more attractive. I have made up my mind, the TSX is the car I want, I have looked at other cars, but I keep coming back to this car. Now if I can get my payments under $400 a month, then we got a deal. |
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| Hello all I am ready to lease a 2009 TSX w/ Tech before the end of this year and would really need your helps in getting the best lease deal. I've been searching the internet a bit and found many people reporting that a TSX can be have with close to invoice price now. So my question is if my lease is going to be based on a negotiated price of let's say $30,000 is it possible to get a TSX w/Tech for Acura's advertised deal on a regular TSX which is $309/month? I would like to keep my down payment under $3000 if not lower. BTW I have 760 FICO and I'm in Southern California. | |
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Replying to: waynetam (Nov 06, 2008 10:46 am) Some rough numbers for you: Say you lease a 2009 TSX w/Tech package for 36 months, 10K per year with a down payment of $2675 - just matching the web site. You say you can get the car at invoice. MSRP = 32,820 Cap cost = 30,241 (invoice) less 2675 = 27566 Residual is 32820 X 0.62 = 20348.40 Depreciation = (27566-20348.40)/36 = 200.49 Interest = (27566+20348.40) X 0.00263 = 126.02 Lease would be 200.49 + 126.02 = 326.51 plus TTL I would never put anything down on a lease - I'm sure all the lease experts agree with me on this point. If you do the same lease with nothing down the cap cost would be 30241, the payment increases to 407.84 plus TTL which is 81.33 more per month. Over the course of the lease you pay 81.33 X 36 = 2928 instead of the 2675 down. Of course this lease is only for 10K per year. For 15K per year the residual would be 32820 X 0.59 = 19363.80. The payment for nothing down is 432.60 plus TTL, the payment with 2675 down is 351.27 plus TTL. Don't shop based on a monthly payment. With a big enough down payment I can get the monthly payment to any number you want. BTW - I'm also in SoCal. If you make a deal be sure to let me know the details and from which dealer you got it from. Planet Acura seems to be the most aggressive in their e-mails but I'm not sure whether they will actually come through in the end. |
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Replying to: drtravel (Nov 06, 2008 5:05 pm) ------------------------------------- Now, for that $0 down, $432.60 a month. Why would I want to get an Accord EX-L 4cyl with navi that supposedly has a payment that goes into the $500's. Does any of this make sense? Why does it seem that Accord lease is so high, or am I missing something?
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Replying to: bvdj84 (Nov 06, 2008 5:34 pm) |
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