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Acura TSX Lease Questions

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  • Hi again bs0. I believe that the dealer invoice price of the car that you described is $26,106. The price that you were quoted for this car is only $250 over this, so it is a very good deal. The money factor that you were quoted looks good too. It is right in line with Honda Finance's current buy rate for a 36 month lease of this car with a waived security deposit. Both of the main profit centers for dealers on leases look good to me. If you like the car, I don't see any reason not to pull the trigger on this deal.

    Car_man
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  • Yes, bs0, vehicles' residual values are always based upon a percentage of their full MSRPs, including the destination charge.

    Car_man
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    Prices Paid Forum
  • Hey bs0. While is it difficult to predict what manufacturers will do with their future incentives and lease programs, I personally highly doubt that we will see Acura introduce lease support on the TSX any time soon. I do not ever recall Acura providing lease or dealer cash support on the TSX. It produces a small enough number for the U.S. market that it is able to sell the ones that is has without any incentives. Again, it is difficult to say what Acura will do for certain, but if I was a betting man (who am I kidding, I am a betting man ;) ) I'd bet that Acura will not introduce any support on the TSX for a looooong time, if ever.

    Car_man
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  • Individual dealers can mark-up vehicles' money factors to add hidden profit to deals, but they to not have the ability to lower banks' published money factors for vehicles. You will not be able to lease this car through Honda Finance for 36 months with a money factor that is lower than its published .00280. You will only be able to get this low a factor if you qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.

    Car_man
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    Prices Paid Forum
  • bs0bs0 Posts: 27
    thanks car_man - i am now thinking of buying due to the lease deals aren't that great to me - imho, you've either gotta find a great lease deal or else leasing (with the taxes in IL) becomes less attractive...
  • car_man

    do you know what the money factor and residual is on a new 2007 model? say a 36 month or 42 month. where can I find this info???

    Thanks
  • Couple questions on leasing before I head off to the dealer... 1. The max down payment on a lease is 20% of MSRP, correct? With that said, a MSRP of $30K the max would be $6K. 2. If your credit is a little below average, are the chances good to be approved for a lease? Putting down a heafty down payment. I have a discharged bankrupcy. Had to do that from a past separation. 3. Even with my credit, are leasing terms negotiable? Like the price of the TSX.
    Thanks for any and all feedback!
  • deagardeagar Posts: 1
    Hi Car_Man.

    I just got the following offer on a 2006 TSX (w/o Navigation) from Devan Acura in Norwalk, CT and would like your opinion.

    MSRP - 28,505
    Net Cap - 26,600
    Residual - 56%, 15,962.80
    Miles - 12,000
    Term - 42
    Factor - .0028
    Rate - 6.8%
    Bank Fee - 595
    Motor Vehicle Fee - 155
    Doc Fee - 199
    Total Monthly Payment - 394.79
    Total Spent (including 1st month payment) - 1400.73
    Free oil changes included

    Is this a good deal?
  • That seems high to me. We have a 06 w/ NAV and about $1200 of added accessories. With no out of pocket we are paying $500 for 36 months/15,000 miles per year. Over the course of the lease we will have paid $3600 more than your payment but we have a shorter term, more miles, NAV, and accessories with no out of pocket. I'm not an expert at this but it seems a little high to me.
  • Car_man, a lot of people are saying different residuals, money factors and terms of the lease. I wonder if you could provide 36-42 and 48 months with nav without nav 10k,12k and 15k. That is the only way if we will good deal or not. Thanks
  • I completely agree, bs0. Acura's lease program on the TSX is not very attractive right now. In fact, don't believe that Acura has ever provided lease support on the TSX. If I was really set on leasing, I probably would go with a different model.

    Car_man
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  • Hi gold6228. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2007 Acura TSX with 15,000 miles per year are .00280 and 61%, respectively. The numbers for an otherwise identical 48 month lease (I haven't seen the 42 month numbers) are .00270 and 51%.

    Car_man
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    Prices Paid Forum
  • Hi tsxtravis. I'm not sure what the maximum down payment on a lease is, but I can tell you that it is in your best interest to make NO down payment when leasing. Consumers who make large down payments on leased vehicles risk losing them if their vehicles are totaled in an accident or stolen and never recovered. You can and should lease any vehicle that you are interested in without making any sort of capitalized cost reduction.

    There is still a good chance that you will be approved for a lease if your credit is not in perfect shape, but if you don't qualify for Honda Finance's top credit tier you will have to pay a higher money factor than someone who does.

    The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing.

    Car_man
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    Prices Paid Forum
  • Hello deagar. The dealer invoice price for a 2007 Acura TSX without navigation but with an automatic transmission is currently $26,106. Acura is currently providing $500 dealer cash on this car. This bring its dealer cost before holdback down to around $25,606. The price that you were quoted is $994 over this. That isn't a bad price, but you may want to stop by the following discussion to see how much other community members have paid for similar models lately: "Acura TSX: Prices Paid & Buying Experience". Honda Finance's current buy rate lease money factor for this car is .00280. This is equivalent to an interest rate of around 6.72%, which is in line with the rate that you were quoted. It wouldn't hurt to so some more research on this car's price by visiting the "Prices Paid" discussion, but overall I would say that this is a reasonable deal.

    Car_man
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  • Here's the info that you're looking for, sthavorn. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Acura TSX without navigation with 15,000 miles per year are .00280 and 54%, respectively. The numbers for an otherwise identical 48 month lease are .00270 and 45%. If you were to lease this car with only 12,000 miles per year its residual values would be 2% higher. Its 10,000 mile per year residual values are 3% higher than its 15,000 mile per year residuals.

    Car_man
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  • bkgsbkgs Posts: 1
    car man,

    I would like to ask you a question but don't know how to contact you.

    I would like to know if Ford's holdback to dealers is a standard 3% for every vehicle or if it varies by vehicle or even dealer and if so, how.

    Could you mention where I can get more detailed info than the 1-3% industry standard as well.

    Thank you.
  • Moderator - Prices Paid, Lease Questions, SUVs

  • Car_Man:

    What would the monthly payments be on a 2006 TSX w/navi with a selling price of $27,670, money factor of 0.00284, and residual of 52%. This is for a 36 month, 15,000 miles/year, $0 down lease.

    The salesperson quoted me $415/month.
  • I was quoted this on a 2007 TSX w/Nav. Lease 15k miles 3 years.

    Price of the car - $30,000

    Money down - $ 2,000 *

    Money factor - 0.00290

    Residual value% - 60%

    Residual value - $18,456

    Documentation fee - $110 *

    Title fee - $27 *

    Bank fee - $595 *

    Monthly payment - $399.83 *

    AMOUNT DUE AT START – $3,131.83 (TOTAL * )

    PAY OFF – YOU NEED TO ADD $1,068 TO PAY OFF YOU CAR

    $3,131.83

    +

    $1,068.00

    $4,199.83

    _

    $199.83 (DISCOUNT)



    $4,000 - TOTAL AMOUNT DUE AT START

    FREE ACCESSORIES –



    DOOR VISORS - $155

    SPLASH GUARDS - $126

    TOTAL …………….. $281
  • dealer offering $25,800 + TTL
    base TSX w\ AT
    includes all season mat

    apprx $375 \ month
    36 mnth
    15k\year
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