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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

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


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#936 of 1541
Re: Looking for some feedback. [loonysup] by drtravel
Jan 08, 2009 (5:11 pm)
Reply

Replying to: loonysup (Jan 08, 2009 4:11 pm)

I asked for quotes from 3 dealers
 
It's always best to just get a price quote on the car - that way you know whether the deal is good or not. Then you can work out the lease payment based on how much you want to put down as the residual and money factor is controlled by Honda Financial. Asking the dealer for a lease quote is just a golden opportunity for them to make some money and try to confuse the heck out of the process. I can hide an elephant in a monthly payment. Keep it simple, how much can you sell me the car for? Whether you pay cash, lease or finance - this is the number where you should start. IMHO
#937 of 1541
Re: Looking for some feedback. [loonysup] by darknightx13
Jan 08, 2009 (5:58 pm)
Reply

Replying to: loonysup (Jan 08, 2009 4:11 pm)

I guess what I want to know is how do I know if it's a good deal, now that it's 39 months.
#938 of 1541
Re: Looking for Input [drtravel] by djo1113
Jan 08, 2009 (6:00 pm)
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Replying to: drtravel (Jan 08, 2009 2:08 pm)

drtravel,
 
Thanks for your help. Can you explain how you came up with that cap cost of $27,960?
 
Thats where I get confused.
 
Thanks
#939 of 1541
Re: Looking for some feedback. [loonysup] by loonysup
Jan 09, 2009 (9:01 am)
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Replying to: loonysup (Jan 08, 2009 4:11 pm)

Well.
Looks like I sealed the deal. I talked to the dealership in Jacksonville Fl this morning. Their original quote was $3900 down and $339 a month plus tax. 39 months/12k a year. I told him I needed to be at $1000 down and $330 a month. He called me back a couple times and was originally at $379 with a $1000 down which is where pretty much every other dealer was. I told him thanks for trying he called me back 15 minutes later and said he was able to get it to $1000 down and $334 so I took it. This is way below anyone else in my immediate area. I ended up with a Palladium Metallic 6sp non tech. There is an outside chance I may change to an Automatic when I get there, but they said no problem. This was the only dealer that had a 6sp in a 300 mile radius.
#940 of 1541
Re: Looking for some feedback. [loonysup] by leepoffaith
Jan 11, 2009 (8:26 am)
Reply

Replying to: loonysup (Jan 09, 2009 9:01 am)

Loonysup,
 
Would you mind elaborating a little for me on this deal? Is it 1000 down PLUS dmv, tax, registration, etc. So your out of pocket would be around 2000, correct? Also, would you mind posting what they gave you for residual, money factor and selling price of the car? This deals seems pretty good to me and i may be asking you for your sales persons name if you end up going through on it. I'm in Tampa, but willing to drive. Thanks!
#941 of 1541
Re: Looking for some feedback. [leepoffaith] by loonysup
Jan 11, 2009 (4:52 pm)
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Replying to: leepoffaith (Jan 11, 2009 8:26 am)

To be honest, I am just a little bit concerned. I sent a note back to the internet manager for clarification as to whether the $1000 included the first payment and he confirmed that it did. I was quite clear when we were talking that the most I wanted out of pocket was $1000. He sent me an e-mail back saying we are all set and it's a $1000 down and $335 a month plus tax. It would be pretty sh*tty if I drive 2 hours on Wednesday only to run into a problem. I am going to touch base with them tomorrow to make sure I'm all set. I put a deposit down to hold the car. I have a friend that bought a TL from this dealer and had a great experience so I hope I'm ok. He said the residual and MF is the same as the internet deal (6% and 62%.
 
David
#942 of 1541
Re: December money numbers [Dramirez112] by Car_man HOST
Jan 13, 2009 (3:33 am)
Reply

Replying to: Dramirez112 (Jan 06, 2009 6:33 am)

Here's the information that you're looking for, Dramirez112. Honda Finance's January buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura TSX with 10,000 miles per year are .00250 and 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
When negotiating your lease on this car, make sure to take advantage of the $750 dealer cash that Acura is now providing on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#943 of 1541
Re: Jan Lease Rates [aitrus03] by Car_man HOST
Jan 13, 2009 (3:38 am)
Reply

Replying to: aitrus03 (Jan 06, 2009 2:01 pm)

Hey aitrus03. Normally I provide community members with the money factors for banks' top credit tiers. Unfortunately, the last time that I checked one needed a credit score of I believe 710+ to qualify for Honda Finance's top credit tier. Your score probably won't make the cut. It is more likely that you will be in its second tier aka "Preferred." I do not personally know what its money factor is for that tier off of the top of my head, but it is probably slightly higher than the .00250 that it is providing "Super Preferred" tier customers on this car right now.
 
Honda Finance's current 36 month, 12,000 mile per year residual value for the '09 TSX base is 63%. Its 39 month, 12k resid is 62%. If you were to lease with only 10,000 miles per year, these residuals would be 1% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#944 of 1541
RE: Jan Lease Rates [aitrus03] by Car_man HOST
Jan 13, 2009 (3:58 am)
Reply

Replying to: aitrus03 (Jan 06, 2009 4:03 pm)

Hi aitrus03. See my previous post for my response. Dealers cannot alter banks' published residual values, but they are often allowed to mark up banks' money factors. Even after considering the fact that you do not qualify for Honda Finance's "Super Preferred" credit tier the .00355 money factor that you were quoted sounds high. You may want to comparison shop with another dealer ot two to see if you can do better than that.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#945 of 1541
Accura TSX Residuals & MF by fer1
Jan 17, 2009 (2:53 pm)
Reply
Hello Car_Man,
Can you provide Residuals & MF for the Accura TSX for 36months/15k and 39months/15k?
Thanks in advance.

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