Last post on Nov 28, 2013 at 5:03 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Acura ILX, Car Buying, Car Leasing, Sedan
#105 of 204 Re: 2.4L Premium 6MT [peroxide]
Mar 06, 2013 (8:17 am)
A dealer does not care if a person buys or leases a vehicle. In either case, it is a sale for the dealer.
It is amusing so many people believe they can pull a fast one on a dealer. Dealers sell cars every day. The average buyer not so often.
The key to getting a good lease is knowledge not deception.
#106 of 204 Re: 2.4L Premium 6MT [ken117]
Mar 07, 2013 (5:00 am)
Ken117, you are right. I will stop attempting to pull fast ones at my local dealership. Glad you're amused.
#107 of 204 Re: 2.4L Premium 6MT [ken117]
Mar 10, 2013 (6:20 am)
I agree, you really do not need to deceive a dealer when negotiating a lease ken117. I have gotten to the point that I do not condone dishonesty in any aspect of my life. Having said that, I can see why someone would do so. Some dealers are very straightforward and transparent. However, many drool when they hear that a consumer wants to lease because they can throw all sorts of payments out there at them with padded selling prices and marked up money factors that enable them to hide profits that they wouldn't normally be able to hide on a csh or finance deal.
That's why I don't advocate hiding that one wants to lease, but instead controlling the negotiations by negotiating an attractive selling price on the vehicle that they want, just as if they were going to purchase or finance it and then making sure that the dealer uses the correct money factor to calculate their payment.
Prices Paid: Buying & Leasing Experiences Forum
#108 of 204 2013 acra ilx lease in ohio
Mar 12, 2013 (9:34 am)
sign & drive
residual value : $17780
10,000 miles / year
is it a good deal?
#109 of 204 Re: 2013 acra ilx lease in ohio [nate44]
Mar 12, 2013 (11:19 am)
For what package or is this base model?
#110 of 204 Re: 2013 acra ilx lease in ohio [acura2013]
Mar 12, 2013 (11:27 am)
I forgot to put it. it's with premium pkg.
#111 of 204 Which is the better lease deal, or are they the same?
Mar 13, 2013 (10:22 pm)
Acura is running two different lease promotions on the ILX until 4/30/13 in NY. Which is the better offer to take?
One is for 209.00 a month for 36 months with 2499.00 due at signing.
The other offer is essentially a sign and drive at 260.00 a month for 35 months.
Terms and conditions are easily obtainable by going to their website or acuraofwestchester.com
Both offers are based on MSRP of 26,795.00. Option to purchase at 16,344.95 And the money factor I was told today by the dealer was .00024. Think that's a good deal?
The only difference I noticed on Acura's website when comparing the two is the actual net capitalized costs. For the 209.00 a month it's 23,524.96 (including acquisition fee).
The 260.00 a month is 25,494.00. How is that difference calculated?
Can one advise me which is the best approach to take?
If I wanted the premium package how should I calculate the extra monthly cost? The full MSRP of the premium divided by the term months or the depreciation value of the MSRP? Are manufacturer offers like these extremely strict and hard to change around?
My last question: I was told by the salesman that to upgrade to 12k a year would raise the payment "by about 25.00" a month. A little math determined that to be 15 cents a mile. According to the term offer, the penalty IS 15 cents extra per mile so there seems to be no incentive to pay for a 12k program other than to have the assumed 900.00 penalty(assuming I drive 36k over the term vs 30k) washed into the monthly payments. I think I'd rather take my chances on the cheaper payments and if I don't hit 36k then the extra $ is in my hands and not the dealers. Is my thinking logical with this? Can I negotiate 10 cents a mile since 15 is the penalty at the end or am I bound by the terms of the manufacturers offer?
Thanks for any help with all these questions I asked. Hopefully someone else can also find my concerns helpful in their process of leasing.
oh yeah, one more thing, does Acura typically include gap insurance? I don't see any mention of it on the offer terms and conditions.
#112 of 204 Re: Which is the better lease deal, or are they the same? [phiveoz2slo]
by kyfdx@Edmunds HOST
Mar 14, 2013 (3:39 am)
1) Just doing the math, the zero down, $260/mo. lease looks cheaper.. For a number of reasons, it's a better idea to not make a downpayment, and take the higher payment... if those numbers are correct, it's a no-brainer..
2) The difference in the capitalized cost is because of the downpayment in the one example.
3) The increase for the premium package should be along the same lines as the lease payment... So, if the car has an MSRP of $26K and it's $260/mo., then a $1000 factory option should raise the payment about $10/mo. (just as an example)
4) "by about 25.00" .. Just a guess... and not accurate.. Going from 10K/yr to 12K/yr decreases the residual by 1%... This will add $268 to your depreciation.. That is a bargain for 6000 extra miles... (under $0.05/mile). If you even think you might need them, it's worth it...
All Honda (Acura) Finance leases include GAP insurance..
#113 of 204 Email offer from Larchmont Acura dealer
Mar 15, 2013 (3:28 pm)
Just received an initial internet quote from a salesman at Larchmont Acura. He seemed a bit hesitant in his wording on handing out an initial quote via email. He did end it with, "I will work out a really good lease on the vehicle for you." so I assume he's prepared to negotiate some.
Seems a bit high compared to the earlier posts here. I'm hoping for some feedback on these figures before I go in there to see him. Is this competitive from your knowledge?
Term- 36 months
Miles- 10k per year
First payment- $313.89
Bank Fee- $595
Sales Tax- $1002.88
Tax on Bank Fee- $52.81
Total due at signing- $1,964 plus DMV
Residual is 59% Money factor is .00024
MSRP $30,095 Invoice $28,876 (He's leasing me the car about 200.00 behind invoice)
Is there a chance I could get this monthly payment under 300 with enough hassling? Possibly sub 300?
Any thoughts are appreciated, thanks!
#114 of 204 Prem lease in MD
Mar 16, 2013 (4:31 am)
About to go for the following deal
339/mo for 36 months
$272 DMV fee, $199 Processing fee included
6% tax is also included. it's maryland so the 6% is on the total cost of the car, making it about ~$1650 total
Think I could do better?