Ask the Car People.SM


Acura TL: Lease Questions

3021 messages,  Last post on May 21, 2013 at 6:54 AM

You are in the Acura TL Forum.

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

Messages Page 285 of 303

#2837 of 3021 Re: 2012 TL with Tech Package [kjp4] by mbac23

Sep 16, 2012 (1:40 pm)

Replying to: kjp4 (Sep 14, 2012 4:13 pm)
Hi again,
 
I forgot to ask you what your final selling price was for the TL tech and the TL base?

#2838 of 3021 Re: Sept 2012 Rates & Residuals [Car_man] by cosmonaut173

Sep 16, 2012 (6:39 pm)

Replying to: Car_man (Sep 03, 2012 1:50 pm)
Carman
 
I was quoted a money factor of .00052 and 52% residual on a 12k 36 month lease for a tl tech 2012.
 
I that rights. Residual seemed low. Also is there still 3500 deal incentive?
 
Lastly I have a current lease expiring in January. What is the best way to trade that in? Should I just turn in the car to them and pay the outstanding balance or is that available or negotiation also. I'm over my miles already, that also was a 12k 36 mth but I'm ok to wait for a good deal.
 
At help would be appreciated.
 
Thank you

#2839 of 3021 Re: Sept 2012 Rates & Residuals [cosmonaut173] by Car_man HOST

Sep 17, 2012 (3:14 pm)

Replying to: cosmonaut173 (Sep 16, 2012 6:39 pm)
Hi cosmonaut173. The money factor and residual value that you were quoted are right on the money. The $3,500 dealer cash that you mentioned is indeed still available.
 
In addition to the $3,500 I believe that there's $1,000 owner loyalty cash on this car right now as well.
 
I don't believe that Acura is running any sort of early lease termination program right now. If not, perhaps the dealer will be willing to take your car in as a trade.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2840 of 3021 Re: Sept 2012 Rates & Residuals [Car_man] by cosmonaut173

Sep 17, 2012 (3:35 pm)

Replying to: Car_man (Sep 17, 2012 3:14 pm)
Thank you Carman for the prompt response. I have a few follow up questions.
 
1. Can you provide the MF and Residual for a SH-AWD Tech and SH-AWD Advance? I'm still considering those both as well. also at 12k, 36mth.
 
2. I dont think the 1k owner loyalty would apply since my lease is with VW?
 
3. Is there a forum on here or an article on edmunds that better deals with early lease termination and trade in? I'm thinking there may be value in the VW so Acura could buy it, pay for the term and i don't have any more out of pocket? Am i going in the wrong direction or is that typically not done and instead i should look at the remaining payments left (about $1500) and have Acura add that to the lease ($41/mth approx) as a best case scenario for me?
 
thank you again Carman.

#2841 of 3021 Re: Sept 2012 Rates & Residuals [cosmonaut173] by Car_man HOST

Sep 17, 2012 (4:20 pm)

Replying to: cosmonaut173 (Sep 17, 2012 3:35 pm)
You're welcome cosmonaut173. Acura's September buy rate lease money factor and residual value for a 36-month lease of a 2012 TL SH-AWD Tech with 12,000 miles per year are .00052 and 50%, respectively for consumers who qualify for its top credit tier.
 
The money factor for the Advance would be the same, but the residual value would be 2% lower.
 
You're right about the loyalty cash. I thought that you meant that you have a current Acura lease that was scheduled to expire. A Volkswagen would not qualify for this incentive, but Acura does have a conquest cash offer for current owners and lessees of select luxury models.
 
It's possible that the dealer would be willing to pay you more for your current vehicle as a trade than you owe on it. In that event you would not have to pay anything to get out of your lease. It's also very possible that you will have to pay quite a bit to get out of it this early. I usually advise lessees to wait until as close as possible to the scheduled ends of their deals to get something new, but I can understand your desire to get out now if you are over mileage.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#2842 of 3021 Question around Edmunds Dealer Incentives on Acura TL by onyx_nola

Sep 17, 2012 (10:32 pm)

Hello - I have 2 questions about Incentive listed #2 on the Edmunds.com Incentives and Rebates Page for the Acura TL.
 
The offer details are as follows:
 
Down Payment: $1,180
Security Deposit: $0
Lease Cash: $2,000
Annual Mileage: 10,000
 
"Loyalty Lease is based on the 2012 TL base. MSRP as equipped is $36,600. $2,000 Dealer contribution and $2,000 Lease Cash are required for the $319 monthly payment.
 
Lease Cash includes $1,000 Lease Bonus Cash and $1,000 Loyalty Bonus Cash. $1,499 due at signing. Tax, tags and insurance are extra."
 
I have 2 questions:
 
A) The dealer is trying to convince me that the amount "Due At Signing" is the down payment of $1180 plus $1499. I am pretty sure that it is just $1499 (which I assume is $1180 plus the 1st month's payment of $319).
 
Who is right?
 
B) Where can I get an explanation as to how the Loyalty Lease impacts the overall lease calculation? I assume it changes the Net Capitalized Cost somehow but would like some more specifics.
 
Presumably I qualify for the Loyalty Bonus Case since I currently own a 2007 Acura but would like to know more about the $1000 Lease Bonus Cash.
 
Thanks...

#2845 of 3021 Re: 2012 TL with Tech Package [mbac23] by kyungjpark

Sep 18, 2012 (3:50 pm)

Replying to: mbac23 (Sep 16, 2012 10:47 am)
I'm guessing about $55 off the monthly pmt. (2000/36). But don't hold me accountable. just trying to help fellow car leasers.
 
Thanks

#2846 of 3021 Re: Sept 2012 Rates & Residuals [cosmonaut173] by kyungjpark

Sep 18, 2012 (4:00 pm)

Replying to: cosmonaut173 (Sep 16, 2012 6:39 pm)
I wouldn't trade in. I was quoted $2400 for my vehicle at one of a used car shop, but when I put it up on Craigslist, I sold it for $5000 on the same day. (some preparation was needed, like a good car wash, good pictures. Go google how to sell used cars)
 
The day after I sold, I had a request to buy them at 5500-6000. If I waited a little longer, I think I could've gotten more than 6k, but that would be a lot of meeting strangers, driving my car, and I didn't want to deal with that.
 
But try the Craigslist. Just put it up a couple hundred ~ thousand less than kbb private party value, and indicate the real kbb value as well for reference. It's still more than the kbb used car value, AND much more than what those used/new car dealers would pay for as a trade in. (kbb for trade in was 4-4.5k, and private party between 5-6.5k)
 
Ps. I put up a few pictures on Craigslist, but also uploaded and linked full resolution pictures on tinypic/mediafire. This would get you off from some less-interested buy as well as intrigue more interest for those who really need them

Messages Page 285 of 303

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement