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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

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

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#905 of 1551 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 1551 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 1551 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 1551 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 1551 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 1551 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 1551 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
#912 of 1551 Re: '09 TSX with NAV lease [acuralease] by Car_man HOST Jan 03, 2009 (3:35 pm)
Replying to: acuralease (Dec 16, 2008 6:41 am) Hi acuralease. The amount that going with a demo will reduce your monthly payment by depends upon how much of an additional discount the dealer is willing to provide you on it. My personal problem with demo vehicles is that I find that dealers are never willing to provide enough of an additional discount on them for me to justify purchasing what essentially is a low mileage used vehicle over a brand new one that no one else has driven all over the place.   I do not believe that Acura is currently providing any cash incentives for loyal customers on the TSX.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#913 of 1551 Re: Fed decision to cut rates and money factor [acuralease] by Car_man HOST Jan 03, 2009 (3:42 pm)
Replying to: acuralease (Dec 17, 2008 10:56 am) Hi acuralease. The Federal Funds Rate has no direct impact upon the interest rates that banks charge on auto loans and leases. While it is possible that Honda Finance's costs of funds might eventually drop and it might decide to pass this savings through to consumers, there is certainly no guarantee that this will happen.   Having said this, I would not be surprised if Honda Finance lowered its special lease money factor on the TSX when it introduced its new January lease program for it on the 6th. If it does cut its money factors though it will probably be just by enough to offset any natural drop in residual values that this car experiences at the beginning of a new year.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: drtravel (Jan 04, 2009 7:05 am)
#914 of 1551 Re: December money numbers [kball2] by Car_man HOST Jan 03, 2009 (3:55 pm)
Replying to: kball2 (Dec 30, 2008 2:40 pm) Hi kball2. According to the latest information that I have seen, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura TSX with 12,000 miles per year are .00263 and 64%, respectively for consumers who qualify for its "Super Preferred" credit tier. Keep in mind though that this lease program is only good through January 5th.   It is difficult to say whether Acura will extend its special financing rates into January at this point. Feel free to check back with me later this week and I will be happy to fill you in on the details of the new program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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