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2013 and earlier-Acura TL Lease Questions

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  • Here's the information that you're looking for mikevi7. Acura's February buy rate lease money factor and residual value for a 36-month lease of a 2012 TL AWD Tech with 12,000 miles per year are .00098 and 54%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    It is difficult to say whether Acura will introduce any additional incentives for President's Day weekend. Typically Honda / Acura's special holiday enhancements involve improved finance rates, such as 0.9% for 5 years rather than additional cash incentives like Nissan employs. Having said that, it wouldn't hurt to wait just in case they do make an enhancement tot he programs .

    Car_man
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  • Car_man, do you have the february lease numbers for a 10k/36mo and 12k/36mo lease for the base TL?
  • jesternyjesterny Posts: 3
    edited February 2012
    I am new here and new to leasing. I have a question. I am supposed to go tomorrow to complete the leasing process at my local dealership but I am not sure if I got a good deal.

    Does the following sound ok?

    Lease with Option to Buy

    2012 Acura TL SH-AWD with Tech Package:

    $5000 Due at signing (This includes Down Payment & ALL Fees, Taxes, Title, Etc.)

    $450/ Month Total Lease Payment

    10k/Year Miles Allowed

    I only have 24 hours before I sign the papers and make the commitment so if anyone can respond soon it would be greatly appreciated.

    Thanks in advance. :confuse:
  • no, in my opinion that is not a great deal.

    i would shoot for this:

    $2,000 due at signing (all in)
    $460-485/month (all in)
    12k/year
    36 months

    I would never put that much down on a lease...if the car gets stolen or totaled, you will lose your entire down payment.

    hopefully this was helpful
  • Thank you for the info Mikevi7.

    It actually took me 2 hours of going back and forth between the dealer and the manager to get this deal. My income will only allow me to pay a maximum of $450/month, so I thought the $5000 due at signing was a good deal. Thanks for the heads up.

    I forgot to mention that the $5000 also included the first months payment and all taxes and bank fees. So it's probably about a $3400 down payment and the rest is all the other fees and taxes. (If that makes a difference??)

    They have had me waiting 3 days while they locate the color I want, I already planned on asking them for an increase to 12k Miles/year for the inconvenience. They are also giving me a loaner at signing until they receive the color I wanted. (Not happy about that, but its better than nothing.)

    At least now I have an Idea of what I should be paying. For $450/ Month for 35 months maybe the Total Due at Signing should be about $3500-$4000...? Does that sound about right?

    Thanks again, Sorry for the noob questions. I just don't want to get screwed cause I really like this car and I never leased before. I just can't pay more than $450/Month. ;)
  • I am turning in my 2009 Tl Base with Tech. I was offered a 2012 TL base with Advance Pkg. for $550 a month (all in) for 36 months and 12k miles. and they will take me out of the last two months of the lease. I am presently paying $499 all in.

    Is this a good deal. I can wait the two months to turn it in until the lease is up also.
  • I sure do vulches. Acura's February buy rate lease money factor and residual value for a 36-month lease of a base 2012 TL with 12,000 miles per year are .00098 and 59%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The residual value for a lease with only 10,000 miles per year is 1% higher.

    Car_man
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  • new2leasing1new2leasing1 Posts: 2
    edited March 2012
    CAR MAN:
    I NEED YOUR ADVICE/HELP. Please help me out.
    I am leasing the Acura TL (first time lease here)

    This is the best offer thus far, not sure if its good though:
    -2012 Acura TL (ADVANCE) standard (NOT THE AWD)
    -15,000 miles (36 month lease)
    -$1960** down/ $470 plus taxes monthly (taxes are about $28 per month) (transfer tag fee included (about $100) & they will pay for first month (about $498))
    So the down payment really is about $1362 with the first month & transfer title fee covered by the dealership.

    PLEASE ADVISE IF I SHOULD JUMP AT OPPORTUNITY OR WAIT. THANK YOU!
  • jesternyjesterny Posts: 3
    edited March 2012
    I just Leased a 2012 Acura TL SH-AWD Advanced.

    Paid $4,000 at signing (This included Down Payment, Tax, Title, Registration, Bank Fees, 1st month Payment, Tags, and ALL other Fees and NYC Taxes)

    Payments are exactly $450.00/Month for 35 months.

    12k Miles/Year

    Free Vehicle Swap after 16 months (If I want to, doubt I will)

    I'm new to leasing, Was this a good deal?

    Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Welcome new2leasing1. Do you happen to know this car's selling price? That number would be very helpful in my evaluation of your deal. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is much more difficult to tell how large a dealer discount you are being given and in turn if there's any room left to negotiate.

    Car_man
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  • CAR MAN:
    Thanks for the quick response. I am trying to get the car by the weekend, if its a good deal.

    The Selling Price for the above mentioned car is $35,943. I also asked him for the amount for the car "Out the Door" in case you needed it and that would be $41,000.

    This was the amount for the lease:
    -2012 Acura TL (ADVANCE) standard (NOT THE AWD)
    -15,000 miles (36 month lease)
    -$1960** down/ $470 plus taxes monthly (taxes are about $28 per month) (transfer tag fee included (about $100) & they will pay for first month (about $498))
    So the down payment really is about $1362 with the first month & transfer title fee covered by the dealership.

    THANKS CAR MAN!!!
  • car999car999 Posts: 6
    What #s should I be looking for: price, residual, factor
  • ed41ed41 Posts: 1
    edited March 2012
    Unable to understand how a $369 sign & drive rate (36 mo.)on a base model turns into a $482 rate by adding a tech package. Negotiated sales price on Tech was 35,887. 10K per year, Nothing down.
    Thanks
  • dolsey01dolsey01 Posts: 69
    I'm seeing $1750 on standard and $2000 on Tech models.
  • hello jester

    I think you should put the least amount down towards leasing any vehicle. I9f you put less down your payment will higher but at the end if the car gets stolen you would not loose all the money you put down.
  • elrikkelrikk Posts: 2
    edited March 2012
    Did I do ok?

    NJ lease, 2012 TL (base) 10,000 miles per year. 400 per month for 36 including NJ sales tax.

    NO MONEY OUT OF POCKET. All mv and fees rolled in.

    Any advise would help.
  • vulchesvulches Posts: 17
    What was the sales price (including destination) and money factor? The residual is set by AFS, but the dealer can modify the money factor and the sales price determines the amount of depreciation you're essentially financing from Acura.
  • elrikkelrikk Posts: 2
    Hard to figure that out b/c we are rolling so much into the lease.
  • robertw477robertw477 Posts: 179
    I have leased cars since the 1990s. From Honda/Acura mostly. Honda/Acura the best leasing company. I have NEVER paid a thin dime on downpayments/cap cost reductions. NEVER. Sign and drive only. As far as I am concerned money down is a scam.

    For example lest say the car is $300 a month 36 Months with ($3600 down) (The down money represents no tag fees or taxes in this round example. That to me a $400 car payment. If I tell the dealer sign and drive ONLY and they quote me $400 a month, that is the goal on a lease. Not to put down money. In some stupid cases I have seen large down payments and the dealer will say the lease is only $250 a month. They assume people are stupid. That is why most leases are (as clark howard calls them) fleeces.

    When I ask a dealer who talks downpayment money for a lease they usually say the customer wants a lower monthly payment. What a joke. If I buy a million dollar house with 500K down its still a million dollar house.

    Rob
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Yes, car999. The two most important numbers to focus on when leasing (other than the payment of course) are your vehicle's selling price and its money factor. Those are the two main profit centers for dealers on leased vehicles.

    Car_man
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