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2013 and earlier-Acura RL Lease Questions

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  • No problem mmcporter. I am glad that I was able to help you out. Congratulations on your new car and thanks for taking the time to stop back and let us all know how everything turned out.

    Car_man
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  • Hi birdbird. I've heard that the 2006 Acura RL will begin to arrive at dealers during the third or fourth week of October. Once the 2006 models begin to arrive, I suspect that dealers will be even more anxious to sell their remaining 2005 models. It is difficult to say what the 2006 RL's lease program will be like at this point. I suspect that Acura will not initially provide any sort of lease support on the '06 RL. Once the 2005 models are basically sold out I would not be surprised if Acura introduced either some dealer cash or perhaps the first special lease money factor on this car since it was redesigned. As I said though it is difficult to predict exactly what manufacturers will do with their future incentive and lease programs.

    Car_man
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  • Here's the deal i've been offered in NJ:
    3 years, 25,000 miles per year
    $2300.00 down
    $499.00 per month
    Still decided to wait for the 2006 models then decide on a 2005 or 2006.
  • surftame,

    That lease sounds too good to be true. I'd like to know what the cap cost, money factor, and residual is. The best I've been able to find is $1,000 drive off, 592/mo + tax for 36 months, 18,000 miles a year, the selling price being around 40,800. I'd take you're lease in a second. Please tell us more.
  • I didn't get far enough into the deal to look at cap,residual, etc. I went to the dealer, showed him the deal a friend had gotten on an 05 RL and asked if they could do better.
    The deal I showed above is what they offered...actually, they wanted $499.oo per month plus tax, but thought I could get the tax taken off the deal if we had negotiated a little.
    Even though it's a great deal compared to what I have read, I'm guessing there is no downside to waiting for the 06's then deciding whether to lease an 05 or 06.
  • 25,000 miles per year- WOW.

    The warranty would expire in the second year of the lease-that's scary.:(
  • hybrid3hybrid3 Posts: 22
    I just left a deposit on Long Island for an RL. I went to 3 dealers and their deal was the best, very similar to mmcporter's.

    3 yr 15k $565. Not including tax and fees.

    Dealer inventory is not great on Long Island. The dealer where I left the deposit is the only dealer on Long Island that had the color I wanted. So even though '06's are on the way, I think at least dealer inventory would prevent me from getting a lower price at least here.
  • sam_ksam_k Posts: 113
    Car_man, I'd like to know what the money factor and residual percentage is on a 10K or 12K miles/year, 36 month lease of an Acura RL. Also, they have several dealer installed accessories (listed on the Acura web site) that I'd like to get such as the 18" wheels, rear spoiler, etc but I'm not if they will residualized or not in the lease. Obviously if I have to pay for them in their entirety over the course of the 3 year lease, it will greatly affect the cost of the lease. I'm not sure if it matters but I'm located in the NYC area. I'm sure you saw my post in the Infiniti M35 forum and I'm currently comparing the leasing costs of several cars. Thanks in advance.

    Sam
  • hybrid3hybrid3 Posts: 22
    I just signed a lease and will be picking up the car Wednesday. I asked about the 18" wheels and they are not residualized in the lease so you pay for the full amount and own them at the end of the lease. I live on Long Island, not sure if that matters. The wheels would have added over a $100 a month to the payment once the tires were added, so I passed. The rear spoiler is residualized.
  • baschbasch Posts: 2
    I'm looking to lease an Acura RL (05 or 06) or Infiniti M35x. I'm currently extending a lease on an 04 Acura. This was my first experience at leasing, and I'm concerned about issues at turn-in as well as advice on next car. I was planning to get Infiniti M35x but after 2 mos couldn't get exact vehicle I wanted, so now i'm looking at going back to Acura. 1) Are they likely to continue extending my lease month-to-month or is there a point where you are automatically committed to another yr? Any problems I should look for at lease end - they already did the inspection which went fine. I was late on a payment due to the extension - is that likely to show up on my credit report? 2) Is there such a thing, and if so is there any advantage to trying to "prearrange" lease for 06 as soon as they're available? 3) Any word on availability for RLs or Infiniti AWD? Will Infiniti become more available soon, and any idea when 06 RL's will get to Metro DC area, or where they will be available first? Thanks for any help...
  • sam_ksam_k Posts: 113
    $100/month to the cost the lease just to finance the the 18" wheels!? That makes sense since they're not residualized but that's crazy. It's $1900 for those wheels and probably between $800 and $1000 for tires and then you finance that total of $2900 over 3 years. The fact that you get 19" wheels on the Infiniti M35 Sport and 18" wheels on the M35 and M35x as standard equipment that is residualized will be a factor in my decision as to which car I choose. I give Acura credit for having either no options or only a couple of options on their cars however, they're just making it easier for dealers to make money by having dealer installed "accessories" instead of factory installed options. From my past researched, back in 1999 and again in 2002 when I was looking to lease an Acura, they were always expensive to lease and it seems like it's only gotten a little better.
  • hybrid3hybrid3 Posts: 22
    I agree, it is definitely crazy. The wheels should be a factory option. However the lease deals on the RL are much better than the M. You really can't go wrong with either car. The deals are great on the RL now, M's being newer, deals are harder to come by. You do pay a premium for getting a car near release. The dealer was trying to act like it was a good deal beause I get to keep the rims at the end of the lease. What the heck would I do with them?
  • Put them on EBAY.:)
  • Here's the information that you are looking for, Sam. If you were to lease a 2005 Acura RL through Honda Finance for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00250 and 58%, respectively. Its money factor for an otherwise identical lease with 10,000 miles per year would be the same, but its residual value would increase to 59%. I am not sure if Honda Finance allows the residualization of dealer installed options, but I suspect that it does not. If you decide to have any dealer installed options put in your car and they cannot be residualized, make sure to keep the old parts. You can reinstall them when you go to turn your vehicle in at lease-end and can sell the upgraded parts that you had put on since you paid for them in full over the course of your lease. When negotiating your lease on this car, don't forget to take the $2,500 dealer cash that Acura is currently providing on it into account.

    Car_man
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  • Hi basch. You need to place a call directly to Honda Finance, or whatever bank you are leasing your current car through, to see if they will let you continue to lease your car month to month. There definitely is a limit to how long they will let you to extend your lease like this. As long as your car has not had any problems or gotten and new dents or scratches since your clean inspection you should not have to worry about having to pay any sort of excess wear and tear penalty. Unless the payment on your lease was unbelievably late, I highly doubt that the slightly late payment that resulted from the extension of your lease will have a negative impact upon your credit report. You can negotiate the selling price of the 2006 Acura RL that you are interested in before they hit dealers, as long as its pricing has been published. However, the dealer that you are working with will not be able to quote you an exact lease payment for it at this time because Honda Finance has not published its lease program for the '06 RL yet. I believe that the 2006 RL is scheduled to hit dealers before the end of the year, but I do not know the exact date.

    Car_man
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  • sam_ksam_k Posts: 113
    Thanks Car_man! It's so hard to get this information out of the dealers without going through the negotiation process. I love being armed with information when I talk to dealers. My lease on my 2002 Lexus GS300 is up on December 1st so I'll probably ask you if these numbers (and the others) have changed. I think I might extend my lease by 1 month because I don't think I'm going to have time in the next 6 weeks to do my car shopping. Right now my choices are Acura RL, Infiniti M35 Sport (not the AWD), new Lexus IS350 and Lexus GS300 (possibly AWD). The Acura RL is a little bit boring to me compared to the others but it might end up being the best deal especially with that $2500 cash back. I might be able to get an ever better deal on a left over 2005 unless they add features to the 2006 model that I would want. Even though I love Lexus' and I've had 2 GS300s, the new one is at the bottom of my list. Right now the 2 front runners are the Infiniti M35 Sport and IS350. The other thing that's bothering me is that all these cars are in their first model year of production and I don't like to buy a new model in it's first year of production because the number of defects and problems is always higher in the first year. Consumer Reports put out an article showing this to be true.
  • diesel3diesel3 Posts: 18
    i visited a dealer in NY and i think he offered me a solid deal. RL, 39months,15k and 2500 out of pocket which includes taxes,1st month, etc for 540 a month. He said the msrp on the car was 42,000. Can i get better or am i being greedy? thanks alot
  • Just offered the following from my local dealer in northern NJ, and would value your take on it. Day one payment of $1,584, including: AHFC fee $595;doc fee $129; MV registration $261; and first payment $599 (payments include NJ sales tax)
    term = 36 months; Residual = 58% ($28,809); mileage 12k/year; money factor of .0025
    Salesman said the cap cost is $43,840, (but my math works it out to be $42,675).
    Anyway, I was thinking if they threw in the wood/leather steering wheel and shift knob, wheel locks, trunk tray and splash guards, then the $599/month payment was reasonable, provided it includes sales tax (which is clearly what I was told). What do you think?Should I be able to do better?
  • Yes, I would be interested in car_man's opinion on this as well. Also, Car_man, at this point in time what would you consider to be a "reasonable average" montly lease payment for an RL right now. I mean without sales tax included and with nothing down? I as thinking that $625.00 per month without sales tax included would be a reasonable offer? This is because the deal offered at the Acura web site appears to me to work out to nearly $700.00 per month or maybe I'm wrong about that? Also, I notice that some 2006 TLs are at the dealers now. Could the RLs be arriving this month as well?
  • You're very welcome sam_k. Stop back when you are back in the market in a month or two and I will be happy to give you an update on the lease programs for the cars that you are interested in.

    Car_man
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  • Hi diesel3. It is difficult for me to comment on this deal without knowing this car's selling price and MSRP. 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.

    Car_man
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  • Hello rshaffer1. The lease money factor that you were quoted to lease this car is right in line with Honda Finance's buy rate factor for it. This is a good sign because it means that the dealer that you are working with is not trying to mark your car's factor up to add additional back-end profit to your deal. It is difficult for me to give you my opinion on the selling price that you were quoted though without knowing this car's full MSRP. Let me know what this number is and I will tell you what I think.

    Car_man
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  • Birdbird, your car's lease payment will depend upon what sort of a selling price you are able to negotiate. Let's say that you were able to negotiate a selling price of $42,829 on a 2005 Acura RL that has a full MSRP of $49,715. This is $1,000 over dealer invoice minus the $2,500 dealer cash that is available on this car right now. Using these prices, I estimate that this car should have a 36 month, 12,000 miles per year zero down, pre-tax monthly payment of around $568. As I said though, the exact payment that you are able to get will depend upon the selling price that you negotiate. For additional information on what sort of selling price you should pay for an RL right now, stop by the following discussion: "Acura RL: Prices Paid & Buying Experience".

    Car_man
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  • Car_Man, I'm considering leasing a 2005 RL. MSRP (incl dest. charge) is $49,670, sell price is $42,500. Want 36 month lease, 15,000 miles/yr, zero down (I'm assuming that zero down doesn't apply to the acquisition & doc fees??). What would be the money factor (assuming excellent credit), residual % and monthly pre-tax lease payment? Also left you similar questions on an A4 posted on that car's lease forum. Thanks mate.
  • Hi Car_Man,

    The Honda Finance Lease deal on 05 RLs at their web site expired October 31 with no lease offers now listed. Are your sources telling you anything about any new leasing program coming along for 2006 RLs?

    Thanks.
  • I stand corrected. I see there is a lease deal on the 05 listed at the web site. I think it works out to about $750.00 per month if you roll everything including sales tax into the payments. But what about 06 models? I am guessing there won't be any good lease for quite a while on an 06 model?
  • Hi aussiem8. If you were to lease a 2005 Acura RL through Honda Finance in November for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00260 and 54%, respectively assuming that you qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. Using these numbers, an MSRP of $49,670 and a selling price of $42,500, I estimate that this car's zero down, pre-tax monthly payment should be around $616.

    Car_man
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  • Hi birdbird. In November, Acura is not providing any sort of lease support on either the 2006 or 2005 RL. It did continue the $2,500 dealer cash that is has been providing dealers on the 2005 model. This cash will help you to negotiate an attractive capitalized cost if you decide to lease. It is difficult to say when Acura will introduce any sort of support on the 2006 RL, but I personally doubt that it will be before the new year.

    Car_man
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  • Hi Car_Man, I am contemplating of leasing for the first time, and have begun to learn the ins and outs. But I am still confused by how monthly payments are determined. According to the example you provided in message #59, if the selling price is $42,500, money factor of .0026 and a residual value of 54%, the monthly payment is $616. However, when I plug in those numbers into the lease payment calculator that is provided on this website, I get a monthly lease payment of $724.16, not including taxes.

    tia.
  • Car_man this question is for you.

    I'm wondering what the residual and money factor on a 05 RL should be in the following scenarios:

    12K year 36 months and 39 months
    15K year 36 months and 39 months

    Thanks in advance.

    If you answer this, one other thing, where are you getting your information ?

    FCC
This discussion has been closed.