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Acura TSX Lease Questions

1556 messages,  Last post on Dec 07, 2009 at 8:17 AM

You are in the Acura TSX Forum. Your Hosts are pat & karens

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


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#1482 of 1556
Re: NY tsx tech [mom29] by bvdj84
Aug 10, 2009 (7:47 pm)
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Replying to: mom29 (Aug 08, 2009 5:26 pm)

That doesn't seem like a good deal at all. Too much money down for that payment.
Only 10k miles? No deal there.
#1483 of 1556
lease offer by lovez2smile
Aug 11, 2009 (5:23 am)
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I am in NJ and received a lease offer on a 2010 base model TSX of:
 
$2200 total out of pocket
$375/month for 36 months/12,000 miles
 
This is the final bottom line, inclusive of all taxes and fees.
 
Sound good? Please let me know.
#1484 of 1556
2010 TSX lease question by emeans39
Aug 13, 2009 (2:21 pm)
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Just left the dealer, and I am thinking this over
 
2010 base TSX, 36 months, 15 k per year, no money out of pocket besides first months payment and $80 for 2-year tags
 
msrp 30120
net cap 29199
residual (61%) 18373.20
money factor is .00243 (5.832%)
total sales tax is 2144.16 My local tax is 6.35% which means that I am paying tax on 33766.29 (which I thought was odd)
 
monthly payment of 465.05
 
I know this is too high. My last lease (Volvo) had a money factor of .0013. We have mid 700 credit ratings, and I can't understand the higher money factor.
 
You can play with the cap, residual, etc... but in the end it comes down to the mf.
 
Can you give some guidance as to why the high mf. I know Acura finance sets a baseline and the dealerships work from there, but I feel like this is a too high.
#1485 of 1556
Re: 2010 TSX lease question [emeans39] by kingpcgeek
Aug 13, 2009 (2:32 pm)
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Replying to: emeans39 (Aug 13, 2009 2:21 pm)

I am sure that is the Honda MF, I don't believe they allow their dealers to markup the MF That's the way Honda operates, high residual, high MF or low residual, low MF.
#1486 of 1556
Re: 2010 TSX lease question [kingpcgeek] by emeans39
Aug 13, 2009 (2:47 pm)
Reply

Replying to: kingpcgeek (Aug 13, 2009 2:32 pm)

That's what I kind of thought too, but I called Acura finance thinking maybe I could get a better rate directly through the Acura Finance, as we leased a TL a few years back, and the rep told me that they set the mf rate, and the dealers take it from there. Pretty much like a middleman mark up. I just cant get why the mf is so high here.
 
Like I said Volvo was .0013 3.12%
Our Sequoia was .0016 3.9%
 
The difference between a 3.9 and a 5.8% is roughly $40 per month.
#1487 of 1556
Re: 2010 TSX lease question [emeans39] by kingpcgeek
Aug 13, 2009 (3:03 pm)
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Replying to: emeans39 (Aug 13, 2009 2:47 pm)

Looking through previous posts I see a MF of .00243 for a V6, so chances are the I4 at .00243 is correct.
#1488 of 1556
Re: 2010 TSX lease question [kingpcgeek] by emeans39
Aug 13, 2009 (4:08 pm)
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Replying to: kingpcgeek (Aug 13, 2009 3:03 pm)

I guess I will just have to get them to lower the price closer to invoice (26959). I think an offer of 28000 is respectable. I am sure they will have dealer holdback of about $700-1000, so they are still making money off the car.
#1489 of 1556
Re: 2010 TSX lease question [emeans39] by tbenson81
Aug 14, 2009 (6:27 am)
Reply

Replying to: emeans39 (Aug 13, 2009 4:08 pm)

Like you already asked though - the more important question is why are you paying tax on 33K ?
#1490 of 1556
Lease Factors by claweave
Aug 16, 2009 (7:35 am)
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2009 TSX w/Tech: MF? 36/15 residual %?
 
2010 TSX w/Tech: MF? 36/15 residual %?
 
I'm trying to decide which I should purchase, the 2009 or the 2010.
#1491 of 1556
Re: 2010 TSX lease question [emeans39] by Car_man HOST
Aug 17, 2009 (2:41 am)
Reply

Replying to: emeans39 (Aug 13, 2009 2:21 pm)

Hi emeans39. The .00243 money factor that you were quoted to lease a 2010 TSX is right in line with Honda Finance's buy rate for this model. Acura is just not providing much in the way of lease support on this car right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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