Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

2013 Acura ILX Lease Questions



  • ken117ken117 Posts: 189
    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.
  • peroxideperoxide Posts: 3
    Ken117, you are right. I will stop attempting to pull fast ones at my local dealership. Glad you're amused.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited March 2013
    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
  • nate44nate44 Posts: 2
    edited March 2013
    sign & drive

    $301.50 /mon
    residual value : $17780
    10,000 miles / year
    is it a good deal?
  • For what package or is this base model?
  • nate44nate44 Posts: 2
    I forgot to put it. it's with premium pkg.
  • phiveoz2slophiveoz2slo Posts: 3
    edited March 2013
    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

    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.
  • kyfdxkyfdx Posts: 27,708
    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..

    Prices Paid, Lease Questions, SUVs

  • phiveoz2slophiveoz2slo Posts: 3
    edited March 2013
    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?

    Premium ILX
    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!
  • About to go for the following deal

    Premium Package
    339/mo for 36 months
    10k miles
    $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?
  • jett456jett456 Posts: 33
    Yes. Shoot for $315. with nothing down except for DMV fee. That is what I got with first month and they paid my last month of old lease. I'm in CT.
  • insidecarbuyinsidecarbuy NYCPosts: 95
    You can definitely do better... Actually based on your numbers, your still about $200 over invoice. There is also $1,000 rebate he is not accounting for. You can get this car for $800 behind invoice plus the rebate. I did it earlier in the week. Here is what the deal should be with a selling price of $26,600. Good luck!

    Customer Name: Inside Car Buying, LLC WD Deal ID: 931
    Sale Vehicle: New 2013 ACURA ILX DE1F5DJNW 4dr Sdn 2.0L Premium w/AC , Automatic , Odom: 0

    Payment Details
    Term 36
    Base Payment 256.32
    Total Payment 256.32
    Purchase Option 17,756.05
    MSRP 30,095.00
    Est. Miles Per Year 10,000
    Excess Mileage Charge 0.20

    Amount Due at Signing

    1st Month Payment 256.32
    Acquisition Fee 595.00
    Fees & Insurance 347.50
    Upfront Taxes 729.94
    Total Inception Fees 1,928.76

    Total Cash Required on Delivery 1,928.76

    Tax Information
    Customer State: New York Customer County: WESTCHESTER
    Type Amount Rate Paid
    Cashdown Tax 49.41 7.3750 Upfront
    Upfront Tax 680.53 7.3750 Upfront

    Fee Information
    Description Amount Paid
    Reg 250.00 Upfront
    Insp 10.00 Upfront
    Title 12.50 Upfront
    DocFee 75.00 Upfront
  • lefty26lefty26 Posts: 9
    Hi Carman
    Could you please tell me the current residual value and money factor for the 2013 ilx auto. sedan with 15k miles/year/36 mos.
    Looking at both the Premium pkg. and the Tech pkg.
    Would the numbers be the same for both?

    Thank You
  • wak215wak215 Posts: 2
    ILX with Premium Pack

    36 months:

    $1,180 down (including first month's payment)

    $294 month (all in)

    12k miles per year
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,626
    So, by my fuzzy math, if you bought this car at the end of the lease, it'll have cost about $28.6k or so to keep this vehicle. Curious what vehicle you came out of and why you chose this one? Haven't driven one yet but is it that much different then the Civic I presently own? I do like the exterior/interior of this vehicle but isn't it so close to a Civic EX-L with that one being substantially cheaper? Just curious as to your motivation here as you obviously prefer this size vehicle as I do. I've also heard the Acura buying experience is a good one and much better than the Honda one. Also, what other choices did you have besides the ILX to lease?

    Sorry for all the questions but seems there are so many vehicles to choose from so am curious how this became your top choice.

    The Sandman :) :sick: :shades:

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • wak215wak215 Posts: 2
    The quoted residual I got on the same config. for 12k miles per year was $17,455 or 58%

    Have you made a decision yet?
  • phiveoz2slophiveoz2slo Posts: 3
    edited March 2013
    Thank you for your figures. I will certainly use this as a good gauge for negotiations. Congratulations, that's an AWESOME deal you got!

    Two quick questions:

    How are you basing invoice pricing? Is their a legitimate website I can present to say this is what he should be basing it on? It appears he's basing his figures on a different invoice price than what I'm seeing on different websites out there.

    1,000 rebate: this is a big incentive for me, but I don't see where this is advertised. How can I obtain info on this rebate?

    I will happily post my results when I close this deal(hopefully) this week.

    Thanks again.
  • ccol88ccol88 Posts: 1
    edited March 2013
    I want to make sure this is the best offer I can get, so anyones insight would be much appreciated!

    2013 Acura ILX Premium, automatic
    3,200.00 Down
    12,000 miles / year
    3 year term
    239.32 / mo

    Side note: They originally offered me 261.23/mo with the same terms, but I told them I wanted to be under 240/mo.

    It seems good, I just want to get other opinions before I make the move.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure lefty26. Acura's March buy rate lease money factor and residual value for a 36-month lease of a 2013 ILX Premium with 15,000 miles per year are .00024 and 56% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 ILX Tech are exactly the same.

    Acura is currently providing a $1,000 cash incentive on leases of the Premium and $1,250 on the Tech.

    Prices Paid: Buying & Leasing Experiences Forum
  • Anyone think this is a good deal for a 2013 ILX w/ Tech:

    Acquisition Fee: $595.00
    Document Fee: $199.00
    First Month: $289.00
    Title Fee: $105.00
    Tax on First Mo: $25.65
    Total Out: $1,213.65

    Monthly Pmt: $289.00
    Tax: $25.65
    Total per Mo: $314.65

    Should I push for 280 per Mo, and see if they can absorb the first Months payment and the document fee? Or is this the lowest that they can go?

This discussion has been closed.