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Acura TSX Lease Questions

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Comments

  • marys236marys236 Posts: 75
    I currently have a 2009 TSX 4cyl base, on a 3 year, 45k lease that ends March 31. I got a call from my dealer asking me if I would consider getting into a new lease now, if they could get me the same payment, no money down. That seems kind of crazy since I've still got 8 months left on my lease, is that even possible?

    I was planning to lease a new TSX when my lease expires, although I thought I might try to go up to a V6, but I've never heard of mfrs letting you out of a lease 8 months early. If that is possible, what kinds of things should I be looking for? I've heard you can get a $750 incentive payment, and even roll your unused miles into the new lease, is that correct? I've only got 31,000 miles on the car, if I could roll the miles into a new lease, I could come down from 15k to 12k or even 10k per year. Could I get those incentives if I tried to go up to a V6?
  • what are the current residual and money factor for August on a base model TXS wagon? Any incentives/rebates?
  • nb_111nb_111 Posts: 7
    hi, guys, I was quoted $395 per month and $1000 down(10k miles a year) on a 2011 tsx base model lease. is this a good deal?

    Thank you
  • nb_111nb_111 Posts: 7
    hi, mquinnjr
    which state are you in ? I just got a quote for $395 mo and $1000 down on a 2011 tsx base with 10k. is this a fair deal?
  • tobe575tobe575 Posts: 2
    Car_man,

    Thank you for your reply.

    Your insight is truly helpful.

    - ToBe575
  • Without knowing the sales price of the car it is hard to say if the deal is good. (But so far it doesn't seem like a good deal). Ask the dealer to give you the sales price (even leases have a sales price) and then compare that to what truecar.com says for your area.
  • biker4biker4 Posts: 746
    I still stand by my statement - if you can't afford the $40/mo increase from 320 to 360 you shouldn't be getting the 320 lease car in the first place.

    Biker, who has a very conservative fiscal outlook and thinks that anyone who can't pay cash for the car shouldn't buy it.
  • kyfdxkyfdx Posts: 27,643
    LOL...

    I'm just saying that $1440 to rent navigation for three years isn't a very good value.. I can buy a new Garmin every three years for $100.

    Sort of irrelevant to whether you can afford it..

    Also, in the context of a conservative fiscal outlook, it's always good to have a budget, even if you have the ability to pay cash. Even the cash buyer has depreciation and finance costs (loss of interest income), just like the person that leases.

    regards,
    kyfdx

    (who sometimes leases vehicles that he could pay cash for.. lol)

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • nb_111nb_111 Posts: 7
    the selling price of the car is 29500. but I just got a new quote 500 down. 380 a month. is this good?
  • Truecar.com says that a price of $29,500 on a 2011 Base Automatic TSX is overpaying. I would aim for a price of about $28,000. (I am using LA as an example, the numbers in your area may vary a little)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jacklivesay. Acura's current buy rate lease money factor and residual value for a 36 month lease of a 2011 TSX Wagon with .00092 and 61%, respectively for consumers who qualify for its top aka "Super PReferred" credit tier.

    I don't believe that Acura is currently providing any cash incentives on leases of this vehicle.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome tobe575.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I recently leased a 2011 TSX and signed a closed end lease agreement. I was happy with the sale but did not receive a copy of the agreement. They said they would send it through the mail. I live in PA and was wondering if they must give you a copy of the agreement when you sign it?
  • delta737hdelta737h Posts: 603
    Strictly speaking, I don't know that they must give you a copy when you sign. However, it's just good business practice to ask and for them to give you a copy of the agreement to which you're legally entitled.

    John
    The AutoLeaseGeek
  • scericsceric Posts: 2
    edited August 2011
    Hello everyone,

    I'm totally new to this. I'm qualified for the college program 36 month leasing offer:
    $0 down payment, $360/month for 35 months, 10k miles/year, the net capitalized cost is $30,410.94 including a $595 acquisition fee. the residual is $18,906.9. Based on the info, my calculation indicate that the residual rate is 62.7%, and money factor is .00083.

    The state that I reside in levies a $300 sale tax plus vehicle property tax which varies by years. But, confirmed with the county treasure office that leasing car is treated as buying a new car and full sale price will be applied for tax purpose.

    I'm totally new to leasing car business. Please help me take a look. I need to make a decision pretty soon as I'll be crazy busy with the new job soon. Thank you!
  • Compare the sales price of the car to what truecar.com shows for your area. Aim for the lowest price truecar shows.
  • I am considering leasing the base TSX with the $299/mo. $2499 due at signing special.

    Seems like a good deal to me as is. Do I even have a shot to try to negotiate this lease down even further? I know "dealer contribution may vary" and that tax, motor vehicle and other fees are extra. All things being equal, could I walk in there and offer to pay $275 a month and have them take me seriously? Or can I negotiate to increase the dealer contribution to include these extra fees?

    I also have a trade in that I can get about $5k for. I assume that the trade in value will be a cap cost reduction used to determine the net cap cost and mohtly payment.

    Any insight on this is appreciated.
  • scericsceric Posts: 2
    That was exactly what I felt. But, after negotiation, I ended up with paying $340/month for 35 months with zero down.
  • Nice deal. I broke it down and you are right. Looks good on paper but then when you break it down, you are overpaying on the MSRP. The 299 doesn't include taxes and DMV fees, either. So the actual payment works out to about 320/mo.

    I assume you negotiated the MSRP down. What did you get it down to? $29,000?
  • pimlipimli Posts: 2
    Hi,

    I am trying to lease a 2011 TSX. The dealer gave me a price of $32600, with $430(without tax) for monthly lease. I asked for a 12000 miles. He said it is $12 more than the 10000 mile price.
    The residual value, he gave me $19500. residual also looks too high.

    What is a good price on this?
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