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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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#915 of 1551
Re: Fed decision to cut rates and money factor [Car_man] by drtravel
Jan 04, 2009 (7:05 am)
Reply

Replying to: Car_man (Jan 03, 2009 3:42 pm)

Honda Financial is notorious for not have great money factors. They are conservative in their finances which turned out to be a good thing lately! I just leased a base TSX a few days ago and the residual is pretty sweet. For 15K/36 months the residual is 62% - much higher than most every other make out there. Looks even better given the great deals to be had.
 
For example a $29,720 MSRP has residual of $18,426.40. Based on my negotiated price of $26,777 - my actual depreciation hit is 18426.40/26777 = 68.9%. So the car will only depreciate 31% over the next three years. Not sure any other car can match that.
#916 of 1551
So Cal Acura Lease by jmcbmw
Jan 04, 2009 (7:52 am)
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Just got a sweet deal below invoice on a 2009 TSX-Tech at Keyes Acura on Van Nuys Blvd from their Internet Manager. Promised I wouldn't post the exact price online. Worked out to $800 drive off (1st pay + DMV) and $455/month w/ 15K miles. No hassle, big selection, all very nice and professional and I was out of there in about 2 hours including a nice overview of the car and it's numerous features. Today's the last day of the current lease promotion so similar deals to be had I'm sure.
#917 of 1551
Re: So Cal Acura Lease [jmcbmw] by Car_man HOST
Jan 04, 2009 (8:03 am)
Reply

Replying to: jmcbmw (Jan 04, 2009 7:52 am)

Congratulations on getting your new TSX, jmcbmw. Thanks for taking the time to share the details of your lease with everyone. It sounds like you really liked doing business with this dealer. If you'd like, you can share all of the details of your experience there by visiting the Dealer Ratings & Reviews section of Edmunds.com. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#918 of 1551
Honda Finance in January? by darknightx13
Jan 05, 2009 (9:25 am)
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When will we know if Honda extended it's current financing (i.e. MF and Residuals) into the new year? Is this as simple as calling a dealership tomorrow and asking? I'm very curious as to what's going to happen since I basically have to lease a new car in the next 11 days and I didn't make a deal during their current promotion. Thanks.
#919 of 1551
Re: Honda Finance in January? [darknightx13] by bvdj84
Jan 05, 2009 (12:51 pm)
Reply

Replying to: darknightx13 (Jan 05, 2009 9:25 am)

You will only know when the dealers know. If you can get a dealer to call you when an updated special arrives, then that would be the way to go. They only know on the day it arrives. I would not let them push you out either, meaning that if you need to extend your lease, which you can by calling American Honda. That way if you needed to take advantage of a deal you could have more time. Extending 1 month or so would not be a problem. Never let a dealer try to push you out, because you do have time. They might try to use that as an excuse to get you out, but deals might not be had at that moment. You'll be fine.
 
However, I sense that Acura will continue to offer deals to get through the winter and slump. Don't worry, take your time. Its your car, your terms.
 
Just either have a dealer call you, or check daily. They often will sense you are wanting a good deal, and will then do everything to get you just that. They'll call you.
#920 of 1551
Re: December money numbers [Car_man] by Dramirez112
Jan 06, 2009 (6:33 am)
Reply

Replying to: Car_man (Dec 16, 2008 4:09 am)

Car_Man,
 
I'm looking forward leasing a 09' TSX Base Model... 10k/36mo.
 
I would like to know what should the residual and money factor be.
 
** My mom will be the cosigner and already has a 07' TL Base Model under her name with Honda Finance. (Can I get better deals?)
 
*** She has perfect credit.
#921 of 1551
January 6, 2009 TSX SPECIAL by Dramirez112
Jan 06, 2009 (12:34 pm)
Reply
$299/month w/ $2,500 down
 
Includes down payment and bank fee.
 
I've asked the sales person what the money factor and residual are for 10k/39mo. and he told me its .0025 and %63.
 
How does that work out?
 
$595 Bank Fee (Acquisition Fee)
 
$1905 Down Payment
 
= $2,500
#922 of 1551
Jan Lease Rates by aitrus03
Jan 06, 2009 (2:01 pm)
Reply
Car_Man,
 
Hey bud, I am looking for residuals and mf on the 09 tsx base model, non tech package for 36/10k, 36/12k, 39/10k, and 39/12k. MSRP is at 29,720.
 
The dealer can choose to change the mf correct? My score is a 671 so I don't know how that works. But he is not allowed to tamper with residual percent? Those are set out by acura correct?
 
Thanks in advance!
#923 of 1551
RE: Jan Lease Rates by aitrus03
Jan 06, 2009 (4:03 pm)
Reply
From above:
 
I am looking for residuals and mf on the 09 tsx base model, non tech package for 36/10k, 36/12k, 39/10k, and 39/12k. MSRP is at 29,720.
  
Can dealers alter money factors and residuals rates if they want? IE tell me resid is 61% when it should be 64%?
 
I forgot to ask above, when leasing, with my score being 671, the dealer told me my money factor was .00355 which is 8.52% which seems fairly high. I can handle this if it is based off my score. But I know they make money on the financing in any deal. So question remains, am I being played with in this area?
 
Thanks all!
#924 of 1551
Re: January 6, 2009 TSX SPECIAL [Dramirez112] by loonysup
Jan 06, 2009 (4:47 pm)
Reply

Replying to: Dramirez112 (Jan 06, 2009 12:34 pm)

I was quoted the following today:
 
39 months/12,000 miles per year
$2,499 due on delivery
Rate- 6%
Residual- $18,426.40
Monthly payment- $335 including tax
 
Based on my calculations, it looked like the residual on the deal was 63% which seems like it would be high if the residual for 10k miles is also 63%. Also, According the salesperson, the sale price is 27200, but I think this might be after applying whatever cap cost reduction that is taken from the 2499. They need to get under 1000 out the door to seal the deal for me.
 
David

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