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Prices Paid: Buying & Leasing Experiences Acura TSX Lease Questions
1541 messages, Last post on Nov 08, 2009 at 9:41 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Dec 16, 2008 4:09 am) 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.
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$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
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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!
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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!
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Replying to: Dramirez112 (Jan 06, 2009 12:34 pm) 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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Replying to: loonysup (Jan 06, 2009 4:47 pm) For 39 Months/10K miles per year plus 1605 capital cost reduction: residual = 63% (likely is 62% for 12K per year and 60% for 15K per year) money factor = 0.0025 MSRP = 29,920 Cap cost = 26,125 Payment = 299.00 plus tax For 12K miles per year the cost is $305.91 For 15K miles per year the cost is $319.76. Acura slightly lowered the money factor from 0.00263 to 0.0025 which still works out at 6%. Suprising to me is that the residuals didn't drop - last month the 36 month residual was 62% for 45K, this month it's only 60% for 48.75K - pretty much the same. Given the steep discounts people got during the past few months, these values are high. A little sub-venting going on? Maybe Acura feels that this will allow their dealers to make a few more bucks upfront. There were many below invoice deals made last month which may not be available now.
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Replying to: drtravel (Jan 06, 2009 8:43 pm) Is this a good deal? The cap cost is already being sold basically at invoice price hoping thats not including the cash down. Is there anything I can negotiate on? Having two cars at once with Honda Finance... Increasing the Residual Value & etc. Thanks for the help!!! |
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Replying to: drtravel (Jan 06, 2009 8:43 pm) I sent a counter-offer to the dealer last night to try and reduce the out of pocket so we'll see how that goes. David
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Replying to: loonysup (Jan 07, 2009 5:42 am) Go in, ask for a sale price, then tell them $0 down, then later tell them you will put some down, but you might not have to, earlier deals posted had great deals. January might be different in lease numbers, probably not by much though. Why do you see some deals for $199 a month, well look at the fine print, that you need a magnified glass to see it, you'll see at lease $1,000 due. lol  Be careful. Good Luck. I hate dealing, love getting a new car.
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Replying to: bvdj84 (Jan 07, 2009 8:08 am) David
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