- #941 of 1541
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Re: Looking for some feedback. [leepoffaith]
by loonysup
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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
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- #942 of 1541
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Re: December money numbers [Dramirez112]
by Car_man HOST
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Jan 13, 2009 (3:33 am)
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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
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- #943 of 1541
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Re: Jan Lease Rates [aitrus03]
by Car_man HOST
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Jan 13, 2009 (3:38 am)
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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
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- #944 of 1541
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RE: Jan Lease Rates [aitrus03]
by Car_man HOST
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Jan 13, 2009 (3:58 am)
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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
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- #945 of 1541
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Accura TSX Residuals & MF
by fer1
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Jan 17, 2009 (2:53 pm)
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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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- #946 of 1541
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Re: January 6, 2009 TSX SPECIAL [drtravel]
by fer1
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Jan 17, 2009 (3:57 pm)
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Replying to: drtravel (Jan 06, 2009 8:43 pm)
Hello drtravel,
Can you explain how you get from MSRP=29920 to Cap Cost=26125?
It's not clear with only 1605 Cap reduction; which other discounts are there?
Thanks,
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- #947 of 1541
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Acura lease
by dae928
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Jan 17, 2009 (10:08 pm)
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Hi Carman,
In the summer we leased a brand new TSX right when the car was released. The finance manager explained that Acura allows for customers to trade in a lease early for a new one. I am wondering if this is infact true, or if this was a tactic to influence a lease rather than a purchase. If the Acura lease program does infact allows this, do you know what or if there are any penalties associated with this decision.
Thanks,
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- #948 of 1541
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Re: Acura lease [dae928]
by bvdj84
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Jan 19, 2009 (7:42 am)
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Replying to: dae928 (Jan 17, 2009 10:08 pm)
They have told me the same thing. BUT, they will still look at your trade in versus your pay off amount. It is true, you can trade any time, trade early. As long as your values are nearly or close to equal. Meaning you have no negative equity to be rolled into the new deal. Since getting you into a new lease, would get them more money, a new deal. They will try to do everything to do this. Then they take your trade in and sell it making some more money. Though with the economy, they can only mark it up so high even if it is a Honda product. They really do want your business, they'll even trade with you with negative equity. Some customers don't care if their payments go up as long as they are getting a new car.
I am not sure their is such a program through Acura. I know GM has this, but they are no longer leasing or at least leasing all that well right now. But, you have to qualify, by having been in the old lease a certain amount of time, etc.
I trade early most of the time, I haven't had any problems. I sometimes try and its too soon, and then sometimes, I am literally equal, I can walk away and get a new one.
They want your business. But, with you being so new into your TSX, I am not sure you will be able to get out until perhaps late summer or fall, I truly believe you might be equal or closer then, Honda values do that well, though the economy might kill that. I had this happen on my Accord.
thing to remember, mileage does kill a lot of value on your trade.
I would love to lease a new TSX!
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- #949 of 1541
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RE: Jan Lease Rates [Car_man]
by vin2ride
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Jan 20, 2009 (11:36 am)
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Replying to: Car_man (Jan 13, 2009 3:58 am)
Yeah, working on getting a quote right now from northern california dealers right now. Got decent prices $200 above/below $27K. Got a decent lease offer at 36 mo. 10k mi./yr base model lease at $335/mo. + tax. with $1500 out of pocket.
Asked for a 12k/yr and 39 mo. term and they came back with a ridiculous $373. They do try to mark up the money factors. My Pilot lease is ending in a few months and am willing to take the plunge into a new tsx if the deal is right.
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- #950 of 1541
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RE: Jan Lease Rates [vin2ride]
by jags86
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Jan 20, 2009 (8:40 pm)
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Replying to: vin2ride (Jan 20, 2009 11:36 am)
I was able to lease a tsx tech 6sp 39 month/12k this january for 1500 drive off (595 acq, 299 security deposit, 1st month payment, and 220 fees) for 363 + tax. The car wasn't even on the lot, they ordered it. you should be able to do significantly better on a non tech considering the residuals are higher on the base cars.
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