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Acura TSX Lease Questions

2436 messages,  Last post on May 21, 2013 at 5:28 PM

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

Messages Page 4 of 244

#31 of 2436 New Lease Numbers by professorfrink

Feb 03, 2006 (1:17 pm)

Hello,
 
I just got a quote from a dealership in Atlanta, GA for the following 2006 TSX AT with $0 down payment.
 
MSRP $28505
Cap Cost $27705
Residual $16532.90
Total Initial Pmt $1463.61
 
42 months, .00245 MF
$375 per month + tax
  
I haven't begun negotiation with the cap cost yet, I am planning on doing so but wanted to get an idea of where I should be at. I see from the other forum (prices paid) that people seem to be getting decent prices lately, I definitely plan on getting that much lower.... but I also wanted to make sure the MF is in line with Honda Finance. Has anyone been able to get them to waive the doc fees? Salesman gave me some line about not being able to....
 
But other than that, looks like I should be able to get it for a decent price, so I'm happy so far!

#32 of 2436 Honda Financial Lease Rates for TSX by krohrer2

Feb 05, 2006 (1:40 pm)

CarMan:
 
Can you help me sort out the conflicting information that I am getting on Honda Financial lease rates for the TSX?
 
Looking at a non-nav TSX for 36 months; 12K miles per year. Web sources (including you in previous posts) and dealer agree on the residual (63%), but I am getting different stories on the money factor. I have read in this forums (and others) that AHFC's base MF for top tier rates(I qualify for top tier rates) is 0.00260; the dealer I am purchasing through says the best rate is 0.00310.
 
Which is correct and why won't the dealer budge from the higher MF? Since there is a substantial difference in the total lease payments over the term between the two, I'd like to sort this out before closing the deal.
 
Thanks.
 
Karl

#33 of 2436 Re: Lease advice [shaytaan] by Car_man HOST

Feb 07, 2006 (4:09 am)

Replying to: shaytaan (Jan 18, 2006 9:45 pm)
Welcome shaytaan. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
The main number that you need to focus on during your negotiations is this car's selling price. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Take a look in the following discussion to get a feel for how much you should pay for this car right now: "Acura TSX: Prices Paid & Buying Experience". Once you have an idea, let me know. This information, as well as the MSRP of the car that you are interested in, will enable me to estimate what your lease payment should be. If I was in the market for a TSX, I personally would also take a close look at the BMW 3-Series, Audi A4, Mercedes-Benz C-Class, and Infiniti G35, all of which have more lease support available on them than the TSX does right now.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#34 of 2436 Re: 2006 TSX lease terms [hoyarenee] by Car_man HOST

Feb 07, 2006 (4:20 am)

Replying to: hoyarenee (Jan 19, 2006 12:48 pm)
Hello hoyarenee. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
 
Also, you may want to consider switching to a zero down lease rather than making a $1,700 down payment. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your TSX would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#35 of 2436 Re: Good Deal? [matt19hsc] by Car_man HOST

Feb 07, 2006 (4:28 am)

Replying to: matt19hsc (Jan 19, 2006 12:56 pm)
Hi matt19hsc. It is difficult for me to say whether this is a good deal without knowing what the MSRP and selling price of this car are. I also need you to tell me how long this lease is. Let me know, and I'll tell you what I think.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#36 of 2436 Re: New Lease Numbers [professorfrink] by Car_man HOST

Feb 07, 2006 (4:56 am)

Replying to: professorfrink (Feb 03, 2006 1:17 pm)
Hi professorfrink. Yes, the lease money factor that you were quoted to lease this car is right in line with Honda Finance's buy rate money factor for a lease of one with a waived security deposit. That is a good thing because it means the only aspect of this deal that you have to worry about is your car's selling price. The TSX "Prices Paid" discussion, which you have already visited, is an excellent place to get an idea of how much you should pay for this model right now.
 
As far as doc fees go, store policy may prevent your salesperson from waiving your car's fee but they can easily lower your selling price by the same amount. Look at doc fees as part of your car's total price. If you feel that the total price of this car, including all of the little fees that your dealer tries to tack on is fair then don't worry about how the price breaks down. If however, the fees make the car more expensive than you should be able to buy it elsewhere try to negotiate a lower total price.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#37 of 2436 Re: Honda Financial Lease Rates for TSX [krohrer2] by Car_man HOST

Feb 07, 2006 (5:23 am)

Replying to: krohrer2 (Feb 05, 2006 1:40 pm)
Hi Karl. Unless your credit is not in good shape, this dealer is lying to you. Honda Finance's current buy rate lease money factor for consumers who pay a security deposit and qualify for its "Super Preferred" credit tier is .00260 for 36 month leases. If you opt to have your car's security deposit waived, it would increase its money factor by only .00010. It appears as though the dealer that you are working with may be trying to mark your car's money factor up to add additional back-end profit to your deal. Tell them that you are going to lease from a different dealer if they don't use the buy rate money factor. That should get them to change their tune pretty quickly. If not, shop around I'm sure that you will be able to find a dealer that is willing to work with you.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#38 of 2436 06 Lease Rates by icenet

Feb 13, 2006 (10:53 pm)

Hi Car Man,
 
I looking to lease an 06 TSX w/nav. Can you supply the residual and money factor. Thanks.
 
Rich

#39 of 2436 Re: New Lease Numbers [professorfrink] by devilinlaw

Feb 19, 2006 (3:51 am)

Replying to: professorfrink (Feb 03, 2006 1:17 pm)
What was your end result? I live in Atlanta and I'm about to go shopping. Very curious to hear about your experience. You can also e-mail directly, if you'd like.
Thanks,
DevilInLaw

#40 of 2436 Re: 06 Lease Rates [icenet] by Car_man HOST

Mar 06, 2006 (3:51 am)

Replying to: icenet (Feb 13, 2006 10:53 pm)
Greetings icenet. This car's money factors and residual values vary depending upon how long you lease them for and how many miles per year you are allowed to drive. Since you never mentioned either of these things, for now I will assume that you are interested in a 39 month lease with 15,000 miles per year. Let me know if you want a different term or mileage allowance. If you were to lease a 2006 Acura TSX with navigation through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00260 and 59%, respectively.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

Messages Page 4 of 244

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