Howdy, Stranger!

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





Acura RL Prices Paid and Buying Experience

2456736

Comments

  • josheeljosheel Posts: 73
    All our Acuras have been great can't find a reason to buy any other make I've had everything except M.B. and V.W.
  • Hi all. I am brand new to this forum. I find everyone on this forum to be well informed, so I thought I would post this offer I received from a local Orlando Acura dealer to see what everyone thought. I am a leasing novice. Here is the offer:

    THE FOLLOWING IS A TOTAL WITH TAXES, TAG , ETC....

    48 MONTH LEASE 15K YEAR.... 620.79 PLUS TAX = 661.15 (6.5% TAX)

    TOTAL DUE AT SIGNING = $6,954.00

    1ST PAYMENT = $661.14

    SECURITY DEPOSIT = $675.00( ROUNDED OFF TO NEAREST 25.00)

    CAP COST REDUCTION = $5000.00

    TAX ON CAP COST REDUCTION = $325.00

    FL. RENTAL SURCHARGE = $60.00

    TIRE AND BATTERY = $6.50

    FILING FEE = $16.00

    FL FEES = $5.36 (TAX ON 60.00+6.50+16.00)

    TAG, LICENSE PLATE=205.00

    TOTAL DUE AT SIGNING = $6,954.00

    36MOS 12K YR... 799+TAX 58% RESIDUAL
    48MOS 12K YR... 708+TAX 49% RESIDUAL

    36 MONTH FACTOR. .00290
    48 MONTH FACTOR. .00255

    While this may not be the way to figure this, it appears that I would be shelling out $29,760 over 48 months, plus the $5,000 for cap reduction and $661 for first payment for a total paid of $35,421.00 through the end of the lease.

    Thanks for any thoughts anyone may have on this deal.
  • hadhad Posts: 32
    What's up?
  • bodble2bodble2 Posts: 4,519
    the server was closed to new posts for awhile for data-updating.
  • bwiabwia Boston Posts: 1,240
    The terms of the lease are pretty standard but the money factor (interest rates) at 6.96% and 6.12% are not very competitive. Without the cap reduction of $5,000 I suspect the interest rate would be at least 7.5%.

    The 58% residual however seems reasonable. By the way, have you considered financing through a home equity loan? That way you can deduct the interest at least. However, if the car will be used primarily for business the lease is the better way to go.
  • Good everyone;
    Well, I got a response from Honda Canada about why they are pricing the 2005 RL $10,000CDN more than the US version of the same car. It's a bunch of nonsense but I thought that I should let everyone see what their explanation is:

    When we price a vehicle for the Canadian market, we look at Canadian market
    conditions -- specifically, the competitive position of the product from a
    feature and content perspective as our primary means of setting the price.
    We also look at competitive sales volumes and our projected volumes as
    other factors.

    The U.S. price is not a factor in our decision-making. In fact, in many
    instances we do not know their final price before we make our pricing
    decision. As well, there are always differences between U. S. and Canadian
    vehicles that make direct comparisons impossible. For example, the RL for
    Canada has ventilated seats and headlight washers as well as three-year
    complimentary maintenance that the U.S. does not offer.

    To reiterate, we price our Canadian products for sale in Canada and, as
    such, focus only on Canadian market conditions and our own business
    objectives -- not on the U.S. (which is a completely different market with
    completely different market dynamics and complexities).

    Hope that helps.

    You will notice the ventilated seats, headlight washers and free oil changres being the $10,000CDN difference.
    Glad I got that off my chest and can't wait to see the new Infiniti M and Lexus G series this coming spring. Hopefully Infiniti & Lexus will price them more in line with the US price.
    Good Day;
    Babs
  • kenw1kenw1 Posts: 30
    Hi Babs:

    Thanks for that explanation. We Canadians are also being gouged on leasing terms: I was quoted 7.4% interest with a 52% residual for 36 months, 49% for 48 months. The salesman did not mention anything about 3 years' "free" maintenance.

    Also, although we get the ventilated seats we don't get XM radio and Acuralink (Onstar). Alaska & Hawaii also don't get XM/Acuralink, but their MSRP is only US$48,165. On top of that, if you compare the Canadian & US Acura websites, you will find that the US has a lot more colors to choose from.

    Anyway, with that kind of an attitude from Honda Canada, I will most likely be going with the Germans - Audi A6/A4 or BMW 330xi! At least they seem to treat us the same as Americans!
  • bodble2bodble2 Posts: 4,519
    I do think Honda Canada's explanation is pure spin. However, for years and years, we paid comparatively less then our US brethrens, so, the knife cuts both ways.

    Also, it is true that the US and Canadian car markets are totally different. For example, never mind paying under invoice, when was the last time you heard someone in Canada pay even close to invoice on a Japanese import. Somehow, the margin is bigger in the US, they get more rebates, etc. That's what happens when there's a 10X difference in the populations.
  • Hi all. I am brand new to this forum. I find everyone on this forum to be well informed, so I thought I would post this offer I received from a local Orlando Acura dealer to see what everyone thought. I am a leasing novice. Here is the offer:

    THE FOLLOWING IS A TOTAL WITH TAXES, TAG , ETC....

    48 MONTH LEASE 15K YEAR.... 620.79 PLUS TAX = 661.15 (6.5% TAX)
    TOTAL DUE AT SIGNING = $6,954.00
    1ST PAYMENT = $661.14
    SECURITY DEPOSIT = $675.00( ROUNDED OFF TO NEAREST 25.00)
    CAP COST REDUCTION = $5000.00
    TAX ON CAP COST REDUCTION = $325.00
    FL. RENTAL SURCHARGE = $60.00
    TIRE AND BATTERY = $6.50
    FILING FEE = $16.00
    FL FEES = $5.36 (TAX ON 60.00+6.50+16.00)
    TAG, LICENSE PLATE=205.00
    TOTAL DUE AT SIGNING = $6,954.00
    36MOS 12K YR... 799+TAX 58% RESIDUAL
    48MOS 12K YR... 708+TAX 49% RESIDUAL

    36 MONTH FACTOR. .00290
    48 MONTH FACTOR. .00255

    While this may not be the way to figure this, it appears that I would be shelling out $29,760 over 48 months, plus the $5,000 for cap reduction and $661 for first payment for a total paid of $35,421.00 through the end of the lease.

    Thanks for any thoughts anyone may have on this deal.
  • The dealer locally have been hounding me to give them an offer. They said they have quite a few in stock and will work with me on a price.

    I have already told them that I will not pay MSRP because there are lots to competition in that price range.
  • carnaughtcarnaught Posts: 1,593
    Offer them $1.5-$2k under mrsp and see what they counter.

    What are you going to do? Keep us up to date.
  • toad2toad2 Posts: 9
    On 10/02/04, I put a $500 refundable deposit on a 2005 RL. The signed purchase order was for a total sales price of $49k. The dealer agreed to waive the $570 destination charge and processing fee.

    Today I get This email from the dealer..."I needed to send you this email to let you know I screwed up and there is no easy way to say this that's why I'm saying it through a email because this isn't easy. The mistake I made was telling you that I could discount the RL by taking off the destination charge of $570. I was under the impression that I would be able to do that and still keep my job, I can promise you I was dead wrong! I was correct, I could give you a discount of $570 but it was for 2005 TL only not the RL. I can speak to my manager when he arrives tomorrow to see if there's something we can work out as far as discounting any dealer installed accessories to your new RL if there are any that interest you? For the record I just discovered my mistake on Saturday and have been trying figure the proper way to tell you and this was the best I could come up with........I'm sorry.
    Sincerely,"

    What would you do?
  • bodble2bodble2 Posts: 4,519
    Cancel the order, get your deposit back, and go to another dealer. Run, don't walk. This guy is trying to take you for a sucker. Even if it was a genuine mistake, the dealership should back him and give you the discount. And at best, this guy is unprofessional. If he genuinely made a mistake, he should have picked up the phone and talked to you personally, rather than using email.
  • carnaughtcarnaught Posts: 1,593
    Tell him (by email?), you had a deal and you expect intergrity and him to honor it. If he cannot, you will be calling and expect an immediate refund of your deposit.
  • rroyce10rroyce10 Posts: 9,359
    ...... Unfortunately the Salesman made mistake, it happens, he's only human ...

              That being said, I've made a few bloopers myself, but I have always honored the written price, even at a loss ..... I would make an appointment with the General Sales Manager and discuss this "Mano a mano" (in a nice way) and go from there .. email is convenient, but a face and a smile can make ALL the difference ................. :)

                                 Terry.
  • rjlaerorjlaero Posts: 659
    He should honor the price he told you. If not, just ask for your deposit back. No big deal.

    Even if he gave you $500 off sticker, he's still making several thousand dollars off this deal on a high end car.

    I'm not impressed with the styling of the new 2005 RL anyway. It doesn't have the presence of a $50,000 car. The 35K TL looks a lot sexier.
  • Picked up my wife's Blue RL two nights ago in NJ. $1500 off MSRP.

    Yep, that's right. $1500 off MSRP.

    Dealer had 2 in stock- one that was being driven by the GM and used as the test drive vehicle, the other was on the floor.

    Walked in, test drove, discussed colors, timing, etc. Was about to place an order for a black RL at MSRP. Wife comes over, says she doesn't mind the blue- she hasn't owned a blue car since a Caprice Classic in the mid 80's.

    Anyway, salesman asks if we have an interest in the one sitting on the floor. How many miles? 55- they were using it one day for test drives. Mention I am not thrilled that the hardest 55 miles on the car in its entire life will have been the first 55 miles. No thanks.

    Comes back in with the deposit forms for the black RL, sales manager walks over and asks us again about our interest in the blue. Reiterate that it's not our first choice. He asks what would make it our first choice and I tell him 2k off. He smiles, says "No games? If you purchase the car tonight, right now, I will sell it to you for $1500 below MSRP." I ask if the deal will be good tomorrow, and you know his response? Sure will. But I won't hold it for you.

    Shook hands, done deal. Northern NJ dealer- promised I wouldn't divulge name. He did indicate, however, that if/when he has some of these in stock, he'll discount slightly. His reasoning- "We're Acura. I don't want my RL customer to purchase the RL and then go for the next great car in 5 years. I want him to walk back into my dealership, ask for me or the guy who sold him this car, and feel confident he's getting a great car at a solid price. We're a luxury brand, but I know my customers are buying Acura because of the quality and value of Acura, not necessarily because of the badge." And you know what? My son is looking at a TL- I'll steer him this way. Was it a schtick? I'm sure I'm not the first to get that speech. But he backed up his words with action- and sold a car and bought a customer.
  • rjlaerorjlaero Posts: 659
    Dealer Invoice on the 05 RL is just over $44,100 according to cars direct. Even at $1500 off, the dealer still made $3500+ profit.
  • satiresatire Posts: 71
    As a salesman (insurance), if I screw up I pay the price. I'm licensed by the state and if I don't do my job correctly, I don't get to keep it.

    Personally, I'd first contact the sales manager and explain that s/he can resolve the matter in your favor or you'll let Acura corporate do it. Honda/Acura is very sensitive to these things right now. Complaints to them are not something the dealer wants to deal with.
  • satiresatire Posts: 71
    Drove the new RL at Marin Acura (Corte Madera, CA) last Tuesday. Black on black. Sexy. But liked the red & tan better. Loved the electronics and all those fun buttons & voice commands. But alas, I fear I'd grow tired of them rather quickly. I love such toys but frankly this car has too many.

    Car rides nice and handles better. The power is more than enough for those of us not in a mid-life crisis. Drivers seat is not as comfy as my 2002 RL (probably due to the fact there's more of me than there is of the seat in the new RL). But overall I had a better seating position in the 2005 than the 2002.

    While the car is great, I just don't see myself spending that much money on a car. My 2002 RL cost me just over $36K new. $49K is a big jump for me. I drive less than 8,000 miles a year and most of it is short commute to office or 2 hour freeway drive on the weekends. A boring, but comfortable car is just fine for me. That's why I think I'll be trading down to an Accord the next time I purchase. Heck, the new Accord is now more than equal to the 1999 TL I had.

    By the way, this dealer thinks they are just going to be overflowing with BMW & Mercedes owners wanting an RL. Keep in mind this dealer is in the most affluent county in California. At their RL premier party the average age of the 3 dozen or so people who were there was well over 60. At 48 I was the youngest. These are BMW & Mercedes owners coming over to buy a fancy-smancy Honda? When is the last time you heard a German car lover say they would be delighted to own a Japanese car? Regardless, good luck on that Acura. I think you're kidding yourselves.

    Oh yeah, I discussed a purchase with them but there was no attempt at any discount ($2,499 dealer markup). In the nicest way, they explained they were not offering deals because "we don't have to".

    Sorry for the long message but I feel better now.
  • Of course dealer made a profit. My point is that there are dealers willing to discount RL's from MSRP- at least in NJ.

    We ended up purchasing a vehicle that we loved for $1500 less than what most are paying for the exact same car. A car is worth what the market will bear, and we feel like we got an excellent deal at this time. Quite frankly, I don't really care what the dealer is making as a profit here. If he can sell the car at this or a higher price (and wouldn't sell it for a dime cheaper), what sense is it for us to worry about his side? If people are concerned with dealer profit on "hot" cars that have been released within the past few weeks, they will end up with another vehicle.
  • I traded in my 2001 BMW 530i for a 2005 RL. I drove the '05 Audi A6 4.2 and found it was a step down from the 530i. It had less road feel and you felt every bump in the road. The RL handles great, has more than adequate power and is much less costly than a comparable A6 or 530i.
  • Bought one last week after test driving everything under the sun. The looks aren't a 10/10, but I spend most of my time in the car. And the interior is stellar. One minor complaint so far is a little rattle noise under the driver seat, going in to have it fixed.

    Paid $1000 under MSRP at Serramonte in the Bay Area. Shopped around a lot, they were the best deal and very polite. They seem to have a good flow of cars coming in as well.

    Very happy with it so far coming out of my MB C class!
  • toad2toad2 Posts: 9
    Does anybody know of a dealer in the mid-Atlantic (MD, VA, PA, DE, NJ) that's willling to make a below MSRP deal on an '05 RL? Any information would be appreciated.
  • bobb1bobb1 Posts: 22
    Glad to find you. Am very interested in your opinion on the Redondo Red - how is the color? Rich, Deep, Just Red, Brilliant, Snazzy or what. I just ordered one with Parchment interior. I got a couple of years on ya - 58 - and just decided that I was getting old and wanted them to see me coming so ordered red... your opinion appreciated - you may reply directly to bobb@mchc.com Thanks in advance....
    Bob
  • hadhad Posts: 32
    I have and MDX 2003 in this color. I love it. I also, someday and soon will see a white 2005 RL? Lost in transit?
  • hadhad Posts: 32
    See next posts.

    This red is great, I have and MDX in it. W/Parchment and you will love it!
  • hadhad Posts: 32
    Everyone,

    I test drove this car and it is awesome, go to the dealers and they have one to demo.

    Test drive it!

     The DECdec./2004 Car and Driver Mag and they are very up on this car.
  • lee_wlee_w Posts: 239
    Thanks for sharing your dealer and area. It helps other people on the board make informed decisions!
  • I'm interested in the RL and live in NJ, would you mind disclosing the name of the dealer or dealers that discount off sticker? Appreciate the help.
Sign In or Register to comment.