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Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions
1551 messages, Last post on Nov 15, 2009 at 6:53 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| 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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Replying to: drtravel (Nov 06, 2008 5:05 pm)
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Replying to: waynetam (Nov 08, 2008 11:01 pm) They add the CAP cost and residual, because they are seeking an average of those two numbers. The actual amount financed for lease purposes is the (CAP cost + residual) / 2. You don't see the divisor in the calculations, because it is accounted for within the money factor, itself. regards, kyfdx |
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does anyone think I will be able to swing this deal before the end of the year? I'd like a 3 yr, 12k/yr lease for the 09 base. I have a trade in that is valued at $7100 (outstanding loan is $5500) per KBB's trade-in value. I would like to be at the $309/month with putting nothing down (except possibly 1st month's payment). based on the numbers in this thread, it would look like this: msrp: $29720 purchase: $25650 money factor: 0.00263 residual: 63% total pmt: $309 total pmt + tax: $332 I think the math works out to be about $600 over invoice, assuming that I get $1600 for my trade. is this reasonable?
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Replying to: gab2409 (Nov 09, 2008 9:04 pm) 27,398 + 600 - 1600 = 26,398 not the 25,650 in your example Would not count on getting KBB's trade-in value for your car. These figures are notoriously higher than what dealers are offering. |
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| I'm assuming that $777 in our invoice prices is the destination fee...isn't that something that I could avoid by leasing an in-stock vehicle? | |
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Looking for Base model 15K per year, 36 and 48 months. Also are these valid for the next two months? Thank you
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