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2013 and earlier-Acura RL Lease Questions

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  • falconhifalconhi Posts: 2
    When I told my sales person here in Hawaii about some of the Lease offers some of you were getting he told me it was because the RL in Hawaii is a different car and that these lease offers just aren't possible in Hawaii. I also referred him to the special on the Acura website ($1300 down, $599 / month, 36 months) and he said that deal is not available in Hawaii and Alaska. He said the best deal he could give me was for something like $3,999 down, $612 plus taxes for 36 months. Is this true? I have a 2003 TL that's lease is up in July and he said this includes paying off the last 2 months of my current lease of $479 a month.
  • falconhifalconhi Posts: 2
    In addition to my question above: My salesperson told me that the MSRP he was going by was 49,180 with a sales price of 44,372. Exact offer he gave me was for 3,000 down, $624 / mo. including tax, 10,000 miles / yr. thanks in advance for any help.
  • leo11leo11 Posts: 9
    The best one I could get was 3500 down and 610 a month incl TT&L. I know that if I had played harder I could have dropped it to 600/month. I only wish that I leased last month when they had tax credits on. Thank you for all your help. I love the car.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on your new car, Len. Enjoy!

    Car_man
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  • BushwackBushwack Posts: 258
    Car_Man: Would you please provide the money factor and residual (and possibly work up some numbers) for a 2006 Acura RL?

    - 3 year and 4 year lease
    - 10,000 and 12,000 miles/yr
    - MSRP: $49,915
    - Selling price: $42,250
    - Location: Los Angeles

    Any other lease information specific to Acura that you have would be appreciated. You helped me out greatly leasing a 2005 RL last year (this lease is for my brother-in-law).

    Thank you.
  • bobby29bobby29 Posts: 3
    Car_Man: I am also loking to lease a 2006 RL. It seems Acura's May lease special on the website is not as good as last month, but I have heard that Acura is giving 3k back to the dealership on RL purchases.

    -36 month lease
    -15k miles a year
    -$49,915 MSRP
    -$42,000 sales price

    Trying to figure out the payment with 1K down to cover 1st months pmt, sec deposit, tags etc.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're right, bobby29. Acura is currently providing $3,000 dealer cash on the 2006 RL. The reason why its advertised lease payment for this car is worse this month than it was in April is because Honda Finance's residual values for it dropped. According to my calculations, if you were to lease a 2006 RL with an MSRP of $49,915 and a selling price of $42,000 through Honda Finance right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $651.

    Car_man
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  • bobby29bobby29 Posts: 3
    Thanks Car_Man. What is the money factor and residual % you are using for that calculation?
  • eclipse2eclipse2 Posts: 64
    I have a dealer in NJ with a lease on a 06 RL 36 Months 12k miles with 2,000 down $25,956 is res. paymen with tax is $617.70 msrp $49,915 neg price $40,599 does this sound right to you?
  • rabb30327rabb30327 Posts: 2
    Car_Man - it appears sluggish sales of this car in '06 and the $3K manufacturer incentive made this an attractive lease in May. Can you provide the June incentive, money factor, and residual rates? I'm specifically interested in 36mo / 15K leases. Also, do you know when the '07 RLs will be available?

    Is there a place online where we can access published manufacturer residual/mf rates?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, bobby29. I used a money factor of .00265 and a residual value of 50% to calculate your car's lease payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi eclipse2. The selling price that you were quoted for this car appears to be right around dealer invoice once the $3,000 dealer cash that Acura is providing on this car is taken into account. That is a good price for this car. Using the numbers that you provided in your post, an MSRP of $49,915 and a selling price of $40,599, I estimate that this car's zero down, pre-tax, 36 month, 12,000 mile per year monthly payment should be around $584. Even with tax being taken into account, if any od the $2,000 that you are putting down is a capitalized cost reduction the payment that you were quoted is a little high. Make sure that the dealer that you are working with is using Honda Finance's buy rate lease money factor to calculate your car's monthly payment. Its current 36 month buy rate for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit is .00265 for this model.

    Car_man
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  • eclipse2eclipse2 Posts: 64
    Car_man thanks alot! :)
  • eclipse2eclipse2 Posts: 64
    Hey car_man what about the lease that acura is giving now with the $599.00 a month with $2,999. down. is the deal that I got better if I could get them to fix that payment to the $584.00 thanks again :shades:
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, rabb30327. If you were to lease a 2006 Acura RL through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00265 and 50%, respectively. I know that the 2007 RL is not available yet, but I don't know exactly when it will begin to arrive at dealers. I am not aware of any place on the Internet that provides information on manufacturers' actual lease programs to the general public.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, eclipse2.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey eclipse2. Yes the deal that you negotiated on your own is better than the one that Acura is currently advertising on the 2006 RL. Specifically, the selling price of the lease that you negotiated is $934 less than the one that Acura's advertised lease is based upon.

    Car_man
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  • esbordenesborden Posts: 1
    Can you reveal the name and location of the dealer where you negotiated your deal?
  • chucky2chucky2 Posts: 8
    Car_man, When I use a MF of .00265 and a 50% residual on the Edmunds lease calculator, I get $738 a month on a 36month, 15K lease. I have a 6% tax rate, title and reg is $630, aquisition fee is $500, and security is $750. Are these the same numbers used in your calculation?
  • eclipse2eclipse2 Posts: 64
    Yes it was with Sussman Acura on RT38 in NJ..
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