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2013 and earlier-Acura TL Lease Questions

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  • yanick356yanick356 Posts: 2
    Hi carman. Assuming a cap cost of invoice for 2112 TL/Tech, 36 months, 12k miles, 0 money out of pocket, what would be my payments?

    Perfect credit.

    I am finding like 550.00 on lease calculator and see 400.00 elsewhere on the internet.

    I assume I wouldnt qualify for loyalty cash since i have never owned an acura?

    Would money factor be .00170 and 61% MF?

    I apologize if redundant.
  • yanick356yanick356 Posts: 2
    Update: Bought a 2112 Tech 3/36k; .00170 MF, 60 Res, 1K below invoice, 880 driveoff, 480.00 month incl taxes.
  • stone23stone23 Posts: 7
    Yanick,
    So you bought a 2012 V6 Tech3 for $36K and are paying $480/mo including taxes? What was the invoice price. Where did you get this. I had been trying to get into a V6 TSX but every dealer keeps telling me that they don't have a market for them. They say the support and incentives on the TL FWD & FWD Tech are priced attractively.
    I haven't gone into the dealership to negotiate, but I am looking to walk in and say this is what I've been offered match it. I also have a 2005 Acura TL with 143K miles on it but has some electrical issues. Apparently am told I could get $6500-7500 for it.
    Thoughts?
  • Carman, Looking for latest money factor and residual for 2011 and 2012 TL/Tech lease? Planning to go 36 mos/15k miles/year, not sure what people are seeing for latest rates. Also, any thoughts on what to offer for 2011 demo, TL-Tech-SHAWD w/5k miles. Appreciate info you can provide
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings Pete. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Generally speaking, manufacturers' official advertised lease payments usually leave a little meat on the bone so to speak. Savvy consumers who are in areas that have a decent level of competition should be able to negotiate lower selling prices than the ones that were used to arrive at manufacturers' advertised payments without too much trouble.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi yanick356. The 36 month, 12k factor and residual value for a '12 TL Tech would be .00170 and 60% for top tier customers.

    Using these numbers, an MSRP of $40,220, and a selling price of $37,437, I estimate that this car would have a zero down, pre-tax monthly payment of around $475.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for runningman2.

    Acura's July buy rate lease money factor and residual value for a 36 month lease of 2012 TL with Tech and 15,000 miles per year are .00170 and 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of a 2011 model are .00190 and 55%.

    Acura is currently providing a $1,000 dealer cash incentive on the '12 and $1,500 on the '11 TL.

    The problem with demo models is that dealers never seem to be willing to discount them enough. Unless I am getting a massive discount, I personally would much rather have a rand new car than what is essentially a low mileage used one. It I could get the demo that you described for $2,000 or so less than a similar 2011 TL with no miles on it, I'd consider it.

    Car_man
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  • Hi Carman,
    A close friend will be completing a 36 mo./12000mi./yr lease in Oct. 2011. The dealer has indicated the car can be purchased for $16,000. I am interested in buying it. Can you educate me on the details of handling the transaction and also on whether you feel the price is a good deal? Also, will there be any warranty protection left that is transferable, and will I be entitled to see the service records?
    Thanks very much, :)
    Freddiejoe
  • Every lease has a buy out price. Ask your friend to call Honda Financial and get a current buyout (you can also get the final buyout price by looking at the lease contract).

    Here is the info about the warranty, it should transfer over.
    http://www.automobilemag.com/am/2008/acura/tl/warranty.html

    Ask your friend about the service records, it is your friend's car after all.

    The one complication I see is the taxes. If your friend buys out the car he will pay taxes on it. Then if he sells the car to you, you will pay a tax. So it will be double taxed.
    If a dealer buys out the car they won't pay a tax. The dealer can then sell you the car (probably increasing the price however).
    (I think that is how the tax stuff works, someone correct me if I am wrong).
  • moet913moet913 Posts: 3
    Hey Car Man
    Have used your advice in past and it has been very helpful. Looking for Aug residual and money factor for tl base model 36 month 10/k. Lease offer now 379/mnth 2499 due at signing 1000 incentives. Can I do better with an invoice of 32,964 and 3000 down.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome back moet913. Acura's August buy rate lease money factor and residual value for a 36 month lease of a base 2012 TL with 10,000 miles per year are .00170 and 64%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    I need both this car's MSRP and selling price to work up a payment for you.

    Car_man
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  • moet913moet913 Posts: 3
    The MSRP on base model is 36,490 including 595 acq.fee. Selling price is 33,450. Acura is offering 1000 incentives and I will be putting 1000 down payment.

    Thanks for you help!!
  • ashwenashwen Posts: 21
    moet913 - assuming that the sale price of 33,450 includes the 1,000 incentive, you would be looking at a payment of $395+tax per month with no money down (except for title, license, and doc fees)
  • eburnseburns Posts: 9
    Car man,
    Can you please post the mf and residual on a 2012 TL tech with 10,000 miles per year, 36 months? Also, is there still $1000 dealer incentive?

    Thanks!
    Eric
  • My current 2009 TL w/Tech lease runs to Nov 1, 2011. I am considering leasing another one with Tech package. My current lease with Honda is $495 per month plus tax. I always thought I could have done better if I had waited instead of purchasing within a month of the new TL's showroom appearance.
    I am looking for a 36 mo, 10K lease with 1st month and title fees only, like the one I have now. I am a past and current Honda lease customer. Please provide prices etc so I can receive the best monthly payment terms.

    Thanks,
    Ed
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the additional information, moet913. According to my calculations, if you were to lease a 2012 TL that has an MSRP of $36,490 and a selling price of $33,450 right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $378.

    If you get the dealer to knock the $1,000 cash incentive off of your car's selling price, it would drop this payment to around $348.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for Eric. Acura's August buy rate lease money factor and residual value for a 36 month lease of a 2012 TL Tech with 10,000 miles per year are .00170 and 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Yes, Acura is providing a $1,000 dealer cash incentive on the 2012 TL right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • o I live in Ohio: Clermont county (suburban Cincinnati).

    o 6.5% sales tax -- sales tax is baked into our lease payments here in Ohio, based on the lease payment total.

    o I am looking at a 2012 TL SH-AWD w Advance (and dealer installed backup sensors). The dealer sales rep told me inventory levels started to come back up in August and that he could give me a "great deal" as of September. He said the new dealer incentives will be announced either on 9/1 or no later than 9/6/11.

    o The MSRP of the car is: $46,659 (plus the labor to install the back up sensors, which I will NOT include with the lease anyway).

    o I have no idea what the selling price of the car would be but all "local data points" seem to point to an off invoice discount of about $2,800 -- or about 6%. I'll assume $2,500 off.

    o 36 month lease term

    o 15,0000 miles/year

    o Credit score 747 (the lowest of the three agencies)

    How do I go about calculating the lease based only on what you know today -- and what would the mo pay be? In late June (when inventory was scarce) at sticker, I believe the mo pay quoted by the dealer was $644 including tax.

    I typically do not put money down on a lease, but I am willing to listen to what happens to the mo pay for every $500 (or whatever amount you suggest using in a calculation) in up front money.

    Thank you.

    :surprise:
  • jmr9jmr9 Posts: 14
    What are the August lease numbers for 12K miles/36 months?

    Thanks Car Man!
  • jmr9jmr9 Posts: 14
    Got a selling price of $40,843 (with destination) which seems to be a great price. Any strategy for trying to negotiate on the lease acq and dealer fees or are those pretty much fixed?
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