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2013 and earlier-Acura RL Lease Questions

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  • Car Man,
    I just got quoted a residual of 48% on a 2006 Acura RL. Does that seem low to you? What is the 36 month rate for
    15K miles on a standard Rl? My zip code is 94087.
    Thanks for your help,
    Jeff
  • Hi Jeff. Honda Finance's current residual value for a 36 month lease of a base 2006 Acura RL with 15,000 miles per year is 47%.

    Car_man
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  • I am looking to buy a RL
    i was quoted 44913 for RL w/ PAX (tech pkg)
    36 month lease, 12k miles
    what should my residual be (47 or 48 percent ?)
    money factor for superpreferred .00283 . Is that correct or can i do better ?
    I want the camera added - it appears to cost 400. what should i pay for it installed ?
    I want to avoid acquisition cost and security deposit. is that possible ?
    is there anything else I am missing ?
    Is there an advantage to buying on mon or tues before end of october ?

    Jeff
  • Hi Jeff. The dealer invoice price for a 2006 Acura RL with the Technology package is $47,958. When the $4,000 dealer cash that is currently available on this car is taken into account we arrive at $43,958. The price that you were quoted, $44,913 is $955 over this. That's a pretty good price for this car, but it wouldn't hurt to stop by the following discussion to see how much other community members have paid for similar models lately: "Acura RL: Prices Paid & Buying Experience".

    Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Acura RL with the Technology package and 12,000 miles per year are .00280 and 45%, respectively for consumers who pay a security deposit at lease signing and qualify for its "Super Preferred" credit tier. If you won't want to pay a security deposit, Honda Finance will waive it in exchange for an increase of .00010 in the money factor that is used to calculate your car's lease payment.

    Car_man
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  • Can you tell me what the current MF and residual for the RL and RL with technology package is for this month? Assuming the highest credit tier. 15k over 3 years. I am looking to lease at the end of February. Will the MF's and residuals extend until then?

    Once again - you are the man!
  • Carman,

    Please provide this month's money factors and residuals for 2007 Acura RL (base model) for all lease terms Acura offers based on 15k mi/yr. Much appreciated!
  • Thanks tbenson81 :blush: . Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2007 Acura RL with 15,000 miles per year are .00196 and 51%, respectively. The numbers for an otherwise identical lease of a 2007 RL with the Technology Pkg. are .00196 and 48%. Unfortunately, this lease program is only scheduled to run through February 5th, so if you want to lease your car at the end of February you will have to check back with me to see what the new Feb. numbers are like.

    Car_man
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  • Hello gator00si. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Acura RL without the Tech. Pkg. with 15,000 miles per year are .00196 and 63%, respectively. The numbers for an otherwise identical 36 month lease of this car are .00196 and 51%. Its 39 month numbers are .00196 and 48%. Its 42 month numbers are .00196 and 48%. 42 months is the longest term that this car's special lease money factor is available for.

    Car_man
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  • Carman,

    Are you sure about the Residuals for the 39mo and 42mo? They are the same. Don't they usually decrease the longer the term? Please confirm as I'm trying to negotiate a 42mo lease. Much appreciated!
  • Good catch, gator00si. I made a typo on the 42 month residual value. Sorry about that. It is actually 47%. The 42 month term is the one that Acura is featuring in all of its RL ads and it will probably result in the lowest monthly payment.

    Car_man
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  • You rock Carman!

    Thanks for the numbers. I have settled on the Standard RL without the Tech package and want to do the 15k / 3 year lease. I am looking to lease at the end of February and was wondering if you could post the new numbers on the 5th when they are released. Thanks again - you are the man!

    PS - Please let me know if you think the 39 or 42 month lease would be a better deal. I always trust your insight.

    Tony
  • Hey Carman - Feb 5th has rolled around. Can you help me check the MF's and Residual for the RL without Tech package? I am looking for 15k miles for either 36 or 39 months. Once again you da man!

    Tony
  • ajp00ajp00 Posts: 17
    Car Man,

    Can you tell me the MF and the residual for 2007 RL with Technology package for 24 month and 36 month lease with 12K miles a year? Thanks
  • I am trying to lease an Acura RL2007 with Tech Package.
    I will take 10K a year for 42 months. What is the Dealers
    cost? What is the residual value? What is the cost of money on the lease and how is it calculated in the lease? I have the highest credit rating and have leased an RL for the past ten years. I await your reply
  • I am interested in a certified 2006 pre-owned Acura RL. The vehicle has 8500 mi, tech package, back-up camera, and several other small options (i.e. wheels locks). The dealer is asking $38,995, which I will negotiate. According to Edmunds.com, the value of the car is just over $49K.

    What can I expect the M.F. and residual of the RL to be if I decided to lease the vehicle? The M.F. is assuming the highest credit tier.

    I also love the Infiniti M-series. Which manufacturer do you feel has a better lease program currently? The Infiniti M would probably be a new vehicle, unless I could find a deal like the above Acura.
    Thanks!
  • I guess I'm missing the forest for the trees so I have a basic question for you:

    Why is the buy rate lease money factor and the residual value so important if my plan is to turn the car in after the lease is over? Why is it important if I decide to buy the car after the lease is over?

    I'm considering leasing an Acura RL or Infiniti M35X in the next 2 months. I know that a "no money down" lease is the way to go. Both car manufacturers require a first month's lease up front and a $595 bank fee. There's some paperwork fees that need to be paid up front as well.

    I understand that putting money down up front to lower the monthly lease rate is a poor decision. One would be giving the manufacturer money where it would be better to have your own money to invest, and secondly if the car is totalled the up front money is lost.

    So I guess I'm missing something. I negotiate the best "buy" price and lease the car based on that and get the best montly lease rate. If I turn the car back in after the lease period I owe nothing if the yearly miles are under or exactly what I payed for and there's no damage on the car. Acura allows for $1500 worth without charge.

    Thanks in advance!
  • Thanks Tony :shades: . Honda Finance's February buy rate lease money factor and residual value for a 36 month lease of a base 2007 Acura RL with 15,000 miles per year are .00196 and 51%, respectively. This special lease money factor is available for both 39 and 42 month leases. If I was in the market for a lease of an RL right now, I personally would probably go with 39 months to lower the monthly payment. 42 months would lower the payment a little more, but that's a little too long for my taste. This car's 39 month, 15,000 mile per year residual value is 48%.

    Car_man
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  • Here you go, ajp00. Honda Finance's current 24 month, 12,000 mile per year buy rate lease money factor and residual value for the 2007 Acura RL with the Technology Package are .00196 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00196 and 50%.

    Car_man
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  • Greetings muckerm. You can look up the dealer invoice price of the car that you are interested in by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. Honda Finance's current 42 month, 10,000 mile per year buy rate lease money factor and residual value for the 2007 Acura RL with the Technology Package are .00196 and 47%, respectively for consumers who qualify for its "Super Preferred" credit tier. The following article describes how vehicles' money factors are used to calculate their monthly payments: Calculate Your Own Lease Payment.

    Car_man
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  • Hi carfan28. Your vehicle's money factor and residual are important because they are used to calculate its monthly payment. Consumers need to know what their vehicle's buy rate money factor is to make sure that the dealer that they are working with is not marking it up to add additional hidden profit to their deal. This sort of thing happens more frequently on BMWs than it does on Acuras, but it makes sense to check to make sure that you're getting the best possible money factor on your deal.

    Car_man
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  • How does this sound for a 2007 RL Tech package:

    42 month lease
    15K miles/year
    44% residual
    .00196 money factor
    $759/month payment
    Based on outright purchase price: $45436- +$499 over invoice
    $549.50 up front on purchase- 3 years MV, Docs fees, tire tax
    No money down lease means $695 bank fee and first month lease cost due at inception here in NJ.

    Can lease a 2007 Infiniti M35X with Advanced Technology package and technology package for at least $75/month less in an apples to apples comparison. Wouldn't lease the RL. but may buy it.
  • 1. My RL has 30,000 miles on it. I was reading about the 30K service which cost about $600. My RL is riding fine and is in perfect condition. Are there any possible penalties I may face in 14 months when I return the RL without doing the service?

    2. Is there any advantage to inquiring about sending in the remaining payments on a lease early? I have about 14 months left and I can send the rest of the money or pay each month. I like paying things off early and could send the balance and drive it the rest of the months, which is better?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi someguy1. I personally wouldn't worry about doing the full 30,000 mile maintenance if I was leasing your car. All lessees really have to do is change their car's oil every couple of thousand miles and they should be fine. In my opinion, performing that much maintenance on a leased vehicle is a waste of money.

    There's no advantage to paying the rest of your remaining lease payments early. The interest charge is already baked into your car's payment and Acura will not reduce your payment at this point. In the future, you may want to consider paying for your entire lease in advance. Banks usually provide consumers who with a reduction in the money factor that is used to calculate the interest cost of their lease.

    Car_man
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  • dav3ddav3d Posts: 1
    I hear that the .00196 money factor for the RL is no longer available from Honda and the money factor is now .00260. Terms on a 32 Month Lease, 12K Miles = 44% Residual.

    Correct?
  • green33green33 Posts: 8
    car man or others can you post the current residual, money factor for a 2007 rl lease for 24 and 36 months. also any recent prices paid
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    What you heard is correct, dav3d. For the month of March, Acura replaced its special money factor on the 2007 Acura RL with $3,500 dealer cash. If you want to lease this car through Honda Finance right now, you will have to use its standard lease money factors. Its current buy rate standard money factor for a 36 month lease is .00280 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, green33. Honda Finance's 24 month lease program for this car is terrible right now. You would be much better off going with a 36 month lease of it. Its current buy rate lease money factor and residual value for a 36 month lease of a 2007 Acura RL without the Tech Package with 15,000 miles per year are .00280 and 51%, respectively. Its 12,000 mile per year residual value would be 2% higher. When negotiating your lease on this car, make sure to take advantage of the $3,500 dealer cash that is currently available on it. It will help you to negotiate an attractive capitalized cost. Check out the following discussion for information on how much other community members have paid for this car lately: "Acura RL: Prices Paid & Buying Experience".

    Car_man
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  • twmarktwmark Posts: 41
    Acura seems to be offering a 569/month lease on the RL. If I plug in the current numbers ( 0.00280 and 53% residual on a 36000 mile-3 year lease) the calculated lease payment are much much higher.
  • mrmellmrmell Posts: 10
    Does anybody know lease rate for 36 mos, 10k mi per year, money factor & RESIDUAL on 2007 RL w tech (nav) pkge???
  • BushwackBushwack Posts: 258
    The residual is 51% and the MF is .00270. Confirm these numbers with your local dealer.
This discussion has been closed.