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Acura TSX Lease Questions

1541 messages,  Last post on Nov 08, 2009 at 9:41 AM

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What is this discussion about? Acura TSX, Car Leasing, Sedan

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#902 of 1541 Re: December money numbers [toyoman8] by Car_man HOST Dec 16, 2008 (4:17 am)
Replying to: toyoman8 (Dec 04, 2008 2:34 pm) Hi toyoman8. It is difficult for me to say why you are coming up with a different payment on this car than the dealer is. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a base 2009 Acura TSX that has an MSRP of $29,720 and a selling price of $27,500 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $358.   I worked up a zero down lease for you because it is in your best interest not to make any sort of capitalized cost reduction when leasing. Consumers who make one risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. If you really want to make a $3,000 cap cost reduction on this lease, it would drop the car's monthly payment to around $267.   I used Excel and the formula that is described in the following article to calculate these payments: Calculate Your Own Lease Payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: kball2 (Dec 30, 2008 2:40 pm) Car_man (Jan 03, 2009 3:55 pm)
#903 of 1541 Re: need '09 TSX money MF and RV [drtravel] by Car_man HOST Dec 16, 2008 (4:21 am)
Replying to: drtravel (Dec 09, 2008 5:23 pm) Hey drtravel. While Acura did just enhance its lease program on the 2009 TL, it unfortunately has not made any changes to its lease program on the '09 TSX yet. According to the latest information that I have seen, Honda Finance's current Super Preferred buy rate for it is still .00263.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#904 of 1541 Re: '09 TSX with NAV lease [acuralease] by Car_man HOST Dec 16, 2008 (4:27 am)
Replying to: acuralease (Dec 15, 2008 3:31 pm) Hi acuralease. It is very likely that Honda Finance's residual value for the 2009 TSX will drop by a couple of points in January. However, when this sort of thing happens manufacturers often lower vehicles' money factors to offset the drop and maintain similar lease payments. It is impossible to say whether Acura will do this, but if I had to bet on it I would say that it will. It is in the dealer's best interest to create a sense of urgency in consumers to get them to finalize deals as soon as possible.   Let's crunch some numbers and see what a good lease payment would be like on the car that you're interested in. For now I will assume a selling price of $500 over dealer invoice. According to my calculations, if you were to lease a 2009 Acura TSX Tech AT that has an MSRP of $32,820 and a selling price of $30,741 through Honda Finance right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $424 assuming that you qualify for its top credit tier.   I don't see how the dealer is going to be able to get you into this car for less than $350 per month, especially once tax is added in. Perhaps they'll try to steer you towards a base TSX or ask you for a large down payment...which is never a good idea.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: acuralease (Dec 16, 2008 6:41 am) Car_man (Jan 03, 2009 3:35 pm)
#905 of 1541 Re: 2009 TSX lease [viperz4] by Car_man HOST Dec 16, 2008 (4:30 am)
Replying to: viperz4 (Dec 15, 2008 4:56 pm) Congratulations on getting your new TSX, viperz4. Dealer invoice is a very good deal. Thanks for taking the time to share the details of your lease with us. Real world examples like this are always helpful for other community members who are in the market for similar vehicles. Don't forget to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride !   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#906 of 1541 Is this a good deal? by darknightx13 Dec 16, 2008 (6:25 am)
Car_man, I posted this in the "prices paid" thread, but maybe it's better suited here. I would love your input. I have been quoted the following on a 2009 TSX without the tech package.    36 Months, 15K miles per year. $385 a month $595 Bank Fee + $385 (first pmt) + DMV Fees (under 200) would be due at signing.    The $385 figure is based on a negotiated sale price of $26950, which I believe is $450 below invoice. I really wanted to try and get the payment down to $379, but this means they need to drop another $200 off the price of the vehicle. I also want them to throw in splash guards, wheel locks, the trunk tray and 2 yrs of oil changes as they did on my previous lease. Right now, all they are offering is the $385 a month, with none of the extras. I've had another dealership quote me at $419 per month over the phone. Am I crazy to be seeking a better price on this car? Is $450 under invoice considered a "steal". I don't know what to do.   What about the bank fee? Is it normal to pay this up front? Replies to this message: Car_man (Jan 03, 2009 3:30 pm)
#907 of 1541 Re: '09 TSX with NAV lease [Car_man] by acuralease Dec 16, 2008 (6:41 am)
Replying to: Car_man (Dec 16, 2008 4:27 am) Thanks Car_man,   How much lower can I lower my payment if I would accept a demo model?   Also, I read in some Nissan posts that they have a loyalty incentive for repeat customers. Do Acuras have any of that? Replies to this message: Car_man (Jan 03, 2009 3:35 pm)
#908 of 1541 Re: 2009 TSX lease [viperz4] by bvdj84 Dec 16, 2008 (7:19 am)
Replying to: viperz4 (Dec 15, 2008 4:56 pm) Viperz4, I think you did okay, but you could lose the money down, because that is what a dealer offered me. Just first payment due, same terms.$355mth.
#909 of 1541 Fed decision to cut rates and money factor by acuralease Dec 17, 2008 (10:56 am)
Hey Car_Man,   Will yesterdays decision to drop the fed funds rate reflect in lower money factors for the industry in general and 09' TSX with NAV specifically =)? Replies to this message: Car_man (Jan 03, 2009 3:42 pm) drtravel (Jan 04, 2009 7:05 am)
#910 of 1541 Re: December money numbers [Car_man] by kball2 Dec 30, 2008 (2:40 pm)
Replying to: Car_man (Dec 16, 2008 4:17 am) Car Man,   Can you provide the details behind the zero down $358 per month payment that you mention. I have a spreadsheet build and I am very experienced at leasing, but I can not make the numbers work. What money factor, residual %, etc are you using?   I am considering buying. Do you think the 2.9% financing will go away in January? Replies to this message: Car_man (Jan 03, 2009 3:55 pm)
#911 of 1541 Re: Is this a good deal? [darknightx13] by Car_man HOST Jan 03, 2009 (3:30 pm)
Replying to: darknightx13 (Dec 16, 2008 6:25 am) Hi darknightx13. I just saw your movie last night. A little long, but not bad. $450 below dealer invoice is an excellent selling price for a 2009 Acura TSX. I suppose that anything is possible, given the dismal state of the auto industry right now, but I personally doubt that you will be able to do much better than this price.   Honda Finance charges a $595 acquisition fee on every vehicle that it leases. Lessees can either pay this fee at lease signing or have it added into their vehicle's capitalized cost to bake it into their monthly payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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