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2013 and earlier-Acura TL Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi rnmt. Acura's current buy rate lease money factor and residual value for a 36 month lease of a 2012 TL FWD with 15,000 miles per year are .00190 and 62%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Alansufi, Acura's May buy rate lease money factor and residual value for a 30 month lease of a 2012 TL SH-AWD with 12,000 miles per year are .00260 and 63%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical 36 month lease are .00190 and 59%.

    If you were to lease this car with only 10,000 miles per year its residual values would be 1% higher.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • coshawcoshaw Posts: 2
    Hi Car_man,

    Can you provide 2012 TL SH-AWD Tech with 10K miles/year 36month lease residual and MF? Thanks much.

    best,
    coshaw
  • ironmannironmann Posts: 2
    Just wanted to share my experience, bought a Acura 4 weeks ago in Northern VA. 2011 TL/Tech Package, 36 month lease with 30k miles for $380 a month with $1500 down.
  • mrlddstmrlddst Posts: 10
    Hey Car_Man,
    What is the average money factor for a 2011 TL AWD Tech for someone with a credit score in the mid 600s? I'm trying to determine if I can get a decent rate. Also, is it possible to lease the demo?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings coshaw. Acura's May buy rate lease money factor and residual valuer for a 36 month lease of a 2012 TL AH-AWD with 10,000 miles per year are .00190 and 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mrlddst. With a credit score in the mid-600s you will probably have to pay a slightly higher money factor than someone who qualifies for Acura's "Super Preferred" credit tier, probably somewhere in the neighborhood of .00010 to .00030 higher or so.

    Acura's current buy rate lease money factor and residual value for a 36 month lease of a 2011 TL Tech AWD with 15,000 miles per year are .00190 and 52%, respectively for consumers who qualify for its top aka "Super Preferred" tier.

    Yes, it is possible to lease a demo. Just make sure that the dealer that you are working with is providing you with enough of an additional discount on the demo's selling price to justify purchasing what essentially is a low mileage used vehicle over an otherwise identical brand new one.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mrlddstmrlddst Posts: 10
    Thanks for the info. I will probably just go with a 2012 from "ANOTHER DEALER" as the dealer is trying to sell me the demo with 4000 miles for $1000 under msrp...I feel like it should be $2000 below invoice at that rate.
  • bigdozerbigdozer Posts: 17
    Does anyone have intel on the 2011 Memorial Day sales with Acura.
    I have heard that this will be the first big promo since the Japan crisis in March.

    Any info would be helpful
  • alansufialansufi Posts: 18
    Does the MF on the TL's ever dip below .00190?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome mrlddst. A demo with 4,000 miles for only $1,000 under MSRP? Sheesh, I know that the inventory situation is bad, but that's ridiculous. If that's what the market dictated for a TL right now, I'd definitely go with a different model. Good luck.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi bigdozer. Acura introduced 0.9% financing for up to 5 years on all Acura models for the Memorial Day weekend. It is scheduled to introduce new programs for June some time tomorrow.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey alansufi. It has provided a decent level of lease support on the TL in the past, but Acura really cut back on its support for most models after the Japanese supply disruption. It's difficult to say exactly when it will reintroduce support on this model but I suspect that it eventually will.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • rzurawikrzurawik Posts: 13
    I have a 2009 Acura TL. The lease is up in 10 months. I have a decent scratch on the rear bumper (.5" x 6"). Got an estimate of 600 to fix it. Should I get it fixed or is there a certain amount of damage allowed when the car is turned in. The car is perfect other than that. Tia

    Rob
  • dammitjim1dammitjim1 Posts: 95
    If the lease was financed through Acura or Honda Financial, I believe that up to $1500 total damage is waived on the return on the lease. If it was through a bank, you may have to repair it.
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,879
    I think it's $500 per item, though.... with a $1500 total...

    Either way, I sure wouldn't drop $600 on it... I'd wait and see what the inspection holds.... You might skate, or it might be minimal...

    Moderator - Prices Paid, Lease Questions, SUVs

  • markcincinnatimarkcincinnati Posts: 5,048
    edited June 2011
    The current deal offered at www.acura.com without any conversation/negotiation with the dealer is:

    Model: 2012 TL Auto
    MSRP: $36,490 (incl shipping, excl sales tx [6.5%])
    Net Cap Cost: $34,203.90 (incl $595 acq fee)
    Residual: $23,718.50 (65%)
    Term: 36 month
    Miles: 30,000/3 yr (additional miles over 30,000 @ $.20/mile)
    Required customer participation: $2,499
    Mo/pmt: $399

    Another variation offers up this vehicle without any customer $ participation for $460/mo for 35 months -- the first month is "free."

    This (with the oop of $2,499), roughly, translates to factor of 0.011739 (399/(36490-2500).

    If the same car has an MSRP of $47,000, is discounted $1,500 and has a lease upcharge of $3,000 for 15,000 miles x $.20/mile, is the lease per month calculation something like this:

    - 0.011739*((47000*1.065)-2499+3000-1500) = $575.86/mo for 36 months.

    I added 6.5% sls tax on the entire amt, not just the usage amt.

    I got a quote from the dealer without any negotiation of $644/mo. Would an offer of $576/mo, with the first check being $2,499+$576, be considered or simply discounted as the ravings of a lunatic?
  • dammitjim1dammitjim1 Posts: 95
    Right, $1500 total, with no single item exceeding $500. I agree that the inspection should be done before laying out any money.
  • jbhansenjbhansen Posts: 20
    edited June 2011
    Hi Car_Man,

    Could you please let me know if this is correct: dealer is offering money factor of .00186 and residual of 57% for 36 month / 15K mile lease on 2012 TL FWD Advance.

    Thanks!
  • jbhansenjbhansen Posts: 20
    edited June 2011
    I indeed got a money factor of .00186 with a residual of 57%. I leased a 2012 TL FWD Advance for 36 months / 15K miles.

    For those that aren't aware, sales tax is charged on the full gross cap cost when leasing an automobile in Texas (I live in the Houston area). Acura is currently offering a 5 point reduction on the sales tax rate, lowering it to 1.25% from 6.25%. This saved me over $2100 on the deal.
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