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Acura TSX Lease Questions

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  • I just leased a 2008 TSX w/Navi
    12,000 Miles
    $2700 down (incl 1st pmt)
    $371.62 a month (FL TAX included)
    I think it may be around 350 before tax.
    They also threw in road hazard(which I can cancel within 30 days or something and get $377 cash back), window tint, and I got a protection package (cargo tray, wheel locks, mud guards, etc).

    What do you all think? The guy was acting like he was giving it away... of course. Just wandering how much BS he was actually feeding me. I always like to think I get the best deal... I had to work pretty hard to get this price, so I hope it was worth it.

    P.S.
    I picked up the car tonight and loooved it. I can't wait until the tint seals and I can go for a nice drive.
  • vinayg1vinayg1 Posts: 28
    Could anyone tell me whether the residual value is calculated off MSRP or the negotiated price?
  • Just picked up my new TSX. 2008, non-nav, automatic trans. Leased for 36 mths, 12,000 miles per year, nothing down except fees of about $1380 (i.e., no cap cost reduction). $332/mth.
  • kap8kap8 Posts: 14
    wow. is that with taxes rolled in? If so, would you mind letting us know what your cap cost was, what your sales tax rate is, your money factor and residual value and WHERE in Jersey you leased from?!?

    Thanks!!
  • New to the board.

    I am moving back East and have to get rid of my 2007 TSX lease. Anyone know the easiest process? Insights, anything??

    Would be extremely grateful for any info.

    thanks!
  • Car Man,

    Please let me know how this sounds for a 2008 Acura TSX lease, 5 speed automatic, no navi, in New Jersey:

    Selling price = $26,586
    Money factor = .001850 (salesman said this was "Tier 1")
    Residual = 63%
    Down payment = $629 (includes first month and DMV plates)
    Term = 36 months
    Miles = 12k
    Total Payments (includes all else rolled in) = $366/month

    Salesman is also offering all of the above, but instead, $1410 down (bank fee, DMV, Doc fees, and first month) for $340/month, which includes tax.

    How do these lease deals sound? Do you think I can do better? Thanks.

    TrickyDick
  • According to Edmunds, the manufacturer is offering "marketing support" for the 2007 TSX in the form of $1,500 cash to dealers. It then says, "Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement."

    What does this mean in terms of negotiating a lease?

    THANKS.
  • what state do you live in? We are in Illinois trying to get a similar deal with no luck!
  • We are looking at the same lease special in Illinois but the dealers are not giving us the $309/month. I don't know why. Can you tell me if the dealer comes up with the $1595 cap cost reduction or do I? Also is the $2499 not including sales tax? I thought the tax was already rolled into the payment on a lease. Different dealers keep changing the residual value and money factor and none match the special on the AHFC website. Is that legal? I am so confused!
  • Those numbers are way off.
    With zero down, you should be able to get it down to ~$340/month depending on the sales tax.
    Never put money down on a lease.
    You should pay (bank fee/doc fee) + DMV + first month only or roll in the bank fee and doc fee into the adjusted cap cost.
  • Thanks Creativity. Any suggestions on how I should approach these negotiations? Is the selling price too high? Or the money factor? Or is the residual inconsistent with what it should be?

    According to another dealer I contacted with a request to beat those numbers, those figures are in line with what the market is offering in NJ, which is about $750 over dealer invoice. I believe the NJ sales tax is 7%.

    Any help or advice is greatly appreciated.

    TrickyDick
  • I just leased a 2008 TSX No Navi, 5AT in SoCal
    Glacier Blue with Quartz interior
    10,000 Miles
    $2499 down (incl 1st pmt)
    $303.09 a month (LA county TAX included, 8.25%)

    I got wheel locks, mud guards for free

    What do you all think? I got this deal after emailing several dealers in LA and orange county.
  • Hey guys,

    I am new to the leasing game and am having trouble running the numbers. I live in MD where sales tax is calc on the entire vehicle not just the lease payments. Does anyone have a good calc program or formula chart that might help? The one on edmunds seems to give me much higher numbers than what the dealers give me. Thanks!
  • The internet manager at the acura dealership I am negotiating with tells me that for a 36 month, 12K mile lease the residual is 61%. I thought it was 63%. Can someone help me find the true residual for Sept. He told me he would show me the "acura bulletin reflecting this".
  • both residual and money factor went down in Sep (vs Aug); however they appear to almost exactly offset one another.
    MF is now .00152 and residual is 61%
  • Anyone know the current money factor and residual on the 07s?
  • Thanks for the info. I will be heading to the dealership at the end of the week to finalize things.
  • If any help, I'm picking up 2008 TSX 6MT, non-Navi this Thursday (Silver/Ebony).
    Lease is 36 months w/ 12k mi/yr.
    $0 down and $389/month (that's all - 36 pmts of $389)
    Includes accessories package - wheel locks, splash guards and trunk tray.
  • Welcome cwalk1. Normally I would advise someone who was looking to get out of their lease really early to try to get someone else to assume their deal by visiting a site like Swap A Lease. I didn't think that Honda Finance allowed the transfer of leases, but I see several Acuras listed on that site so it may now (or these may just cars that were leased through independent banks). Check with the bank that you are leasing your TSX through to see if they allow lease transfers.

    If they don't or you can't find anyone who is willing to assume your lease, you will have to purchase the vehicle that you are currently leasing from the bank that you are leasing it through and try to sell it or trade it in. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now.

    Unfortunately, it could end up being very expensive to get out of your TL lease well before its scheduled end date.

    Car_man
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  • Hi plasticmoonrai. Acura is currently providing $1,500 dealer cash on the 2007 Acura TSX to all dealers. Make sure to use this cash to negotiate a selling price that is below dealer invoice on the car that you want to lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi TrickyDick. The best way to get a good deal on a lease of a 2007 Acura TSX is to negotiate as low a selling price as you can on the car that you want and then have the dealer that you are working with calculate your monthly payment using Honda Finance's current buy rate lease money factor. Honda Finance's current buy rate for a 36 month lease of a 2008 TSX is .00152 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. $750 over dealer invoice is a pretty good deal on this car, but in an area that has a lot of competition, like the one that you are in, I would not be surprised if you were able to beat it by a couple hundred dollars.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi rick5262. You never mentioned the selling price of the car that you leased. Looking at vehicles' selling prices is a great way to evaluate leases. Let me know what this car's selling price was and I'll tell you what I think.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi carx22. Have you tried calculating this car's lease payment manually rather than using an on-line calculator? That's how I always calculate lease payments. I plug the formula that is outlined in the following formula into Excel: Calculate Your Own Lease Payment.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • I would be happy to give you an idea of what this car's current lease program is like, carx22. Vehicles' lease programs vary by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Through October 31st, Honda Finance's 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 .00275 and 54%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.

    When negotiating your lease on this car, make sure to take advantage of the $1,500 dealer cash that is currently available on it. This cash will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Looking at trading in my 2005 TSX with Navi for a 2008 TSX with Navi. I have about 37,000 miles on my current TSX with a payoff of 21,600 to the dealer...Higher for me if I sold it. They offered to payoff the car with no negative equity rolled in, pay first months payment at signing, $466 a month for 3 years, 10,000 miles per year. Sound like a pretty good deal? Its about $7 a month higher than I currently pay. I do not plan on turning the car in at the end of the month, I would either trade it in or sell it private party. I would probably drive over 10,000 miles per year, but does it really matter if I am not going to turn the car in?
  • Trading in the 2005, $455/month 36 months, 12,000 miles per year. $455 due at signing. They are paying off the 2005 completely. $4 less per month than I pay now for a new 2008 black/ebony with Navi.
  • jvosjvos Posts: 63
    The deal I am currently negotiation on a 2008 TSX is as follows:
    $26,631.00 for the TSX, $58.48 for the title transfer, $1,868.26 for the tax, $15.00 for the county fee and $143.00 for new plates. This totals $28,715.74 out the door.
    (Note this is IL, so tax is included up front.)
    Using a 36mo X 15K mile term of .00152 and 61%, I come up with a monthly payment of $309.
    First of all, did I do the math right?
    Second, does this seem like a good deal?
    Thanks.
  • jvosjvos Posts: 63
    The dealer is giving a payment of $442, so one of us is WAY off.
  • rtoys1rtoys1 Posts: 5
    Hello,

    I'm new to leasing and am trying hard not to be taken for a ride by some "creative" car dealership in NNJ area! :) Can you please tell us which dealership you got your car from? I'm thinking of getting mine (08 TSX auto w/o navi, 36 months, 12K/yr) from Park Avenue Acura ... only because it's closest to my home base.

    Thanks in advance
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