Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier-Acura TL Lease Questions

18384868889101

Comments

  • Ok so I have a 2005 Acura TL w/ Navi with about $5500 left to pay on it from my purchase. Payments are about $450/mo.

    I want to trade it in and get either a 2009/10 TL Tech for Purchase or 2012 w/ Tech for Lease.

    I am a bit confused on which way to go. I assume I can get around $10K for my car. Few Questions and yes I read this thread.

    1. I still dont understand the Money Factor thing. Can someone explain.

    2. Is there a way they could low ball me on the trade in value?

    3. Is there anyway to get a 2012 w/ tech lease for around $400 to $450/mo. How much should I look to put down? Also what would be the best way to work with the dealer to get it down this low.

    Any suggestions would help.
  • Yes this is what my sales person is telling me about the '12 TL. He claims the $1k incentive ends within next few days, while the 750 loyalty goes through early august. Evaluating your 426 offer depends on s lot of factors, such as how much out of pocket they are requiring.
  • yen2012yen2012 Posts: 3
    sorry ... its zero ($0) out of pocket ... sign and drive deal
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You are correct, yen2012. There's a $1,000 cash incentives available on leases of this car plus the $750 loyalty cash.

    The payment that you mentioned is definitely possible. This vehicle's ultimate payment will depend upon what your car's selling price is. At dealer invoice minus the cash incentives that we discussed, I'm coming up with a 36-month, 12,000 mile per year, zero down, pre-tax monthly payment of around $391.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi purchasingsoon. Acura's June incentives are scheduled to run through July 5th. While it is impossible to tell what its new July programs would be like, I personally would be fairly surprised if it decided to pull the plug on the $1,000 cash incentive that it is providing on leases of the '12 TL.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Question for Car_man:
    I am in the process of trying to lease a 2012 acura TL base. Live in Columbus, Ohio

    Here is what I am being offered.

    Sales price = $33,316
    35 mo lease / 12k year
    1,500 down @ $472.00 /month.

    I am trading in a 2010 Honda Accord Crosstour. I having about 2,800 in neg equ.

    Does this sound like a good deal with the trade?

    I am trying to make a decision by tomorrow.

    Thanks for your help! :confuse:
  • gabbogabbo Posts: 22
    I'm in same boat. The practical play is for me to pay it over the next 12 months then drive the wheels off of it.

    But if there was a way to get a 12 with the Tech Package and payments around $400-$425 for 36/15k, I would consider it. I'm not a big fan of making a big deposit on a lease, but would consider using some of the equity if there was some left over for me to pocket.
  • srx2870srx2870 Posts: 16
    Hi Carman,

    whats the July's residual and MF for tech fwd w/ tech 36 months, 10k a year? how about shawd w/ tech? Is there any incentive going on right now for leasing? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go srx2870. Acura's July 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 "Super Preferred" credit tier.

    The money factor for the AWD Tech model is the same, but its residual value is 59%.

    Acura is currently providing a $1,000 cash incentive on leases of this car in most areas.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • peterxzpeterxz Posts: 1
    Hi,

    I am new to lease.
    I saw Acura is offering:
    $0 down payment, $0 security deposit, $0 first month's payment, $0 due at lease signing. Excludes taxes, titles and fees. $440.00 a month for 35 months thereafter.

    Is this a good deal? Can I still negotiate?
    If I want the Tech pkg, what the number then should be?

    Thanks,

    Pete
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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: 29
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    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: 20
    What are the August lease numbers for 12K miles/36 months?

    Thanks Car Man!
  • jmr9jmr9 Posts: 20
    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?
This discussion has been closed.