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Acura TSX Lease Questions

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  • Hi Car_man,

    Is it possible for consumers to keep track of what the current offers and rates are from Honda Finance? I'm looking to possibly get a TSX soon, but waiting for a good rate on a lease. If you could, let me know the current MF and Residual on a TSX that would be helpful. Thanks!
  • Hi professorfrink. I'd be happy to give you an idea of what this car's current lease program is like. You didn't mention all of the information that I need to give you an accurate picture of this car's lease program in your post, so I am going to have to make some assumptions. Let me know if you want s different model, term, or mileage allowance. According to the latest information that I have seen, if you were to lease a 2006 Acura TSX without navigation through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00260 and 61%, respectively, assuming that you pay a security deposit and qualify for its top credit tier.

    Car_man
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  • Hi Car_man,

    This is my first time on this forum and the first time I am planning to lease a car. I'm interested in the 2006 Acura TSX with Navigation, 5 speed automatic, 17" Silver Star wheels. I'm planning to put $2000 down and drive around 15K. Whether it's 36 or 42mths, I just want to know what range should I bargain for? Should it be between $350 and $420? Secondly, is there any other car I could also consider instead of the TSX? I thought about the new VW Passat and the car just seems boring to me.

    Thanks!
  • Hello,

    I was wondering if I could get your opinion on the lease terms which I was just quoted. I'm fairly new at this!
    2006 TSX, w/o Navigation
    36 month lease
    12,000 miles
    $1700 down, total is $3335 (including all taxes and fees)
    payment is $356 per month, including taxes.

    Do these terms seem fair? I am unsure as to how to determine if the rates have been marked up at all.

    Thanks!
  • I just got quoted:
    2006 TSX Auto w/ Navi:

    1k down, 12k miles a year for $426 a month.
  • I just stumbled upon this site by accident. I am considering a TSX or an Audi A4. Your $426 a month sounds decent. I am looking for 12k, nothing down and 36 months. I can't find any deals for the TSX but the A4 is aggressively dealing. Please tell me where you found the best deal for automatic with nav or without nav. Thank you.
  • robdarobda Posts: 4
    I just thought I would throw this out there. I just leased a 2006 TSX without navigation. The terms are as follows:

    36 months
    12,000 miles/year
    63% residual
    .0027 money factor
    $427.61 per month (includes tax, title, & acquisition fee)

    This is after the fact, but does this seem in line with what others are getting?

    Thanks.
  • Did you have to put any money down?
  • robdarobda Posts: 4
    I had to put the first month's payment only ($427.61). When I turn the car in, assuming I don't go over the 12K miles per year, there would be no other "fees".

    I was a little frustrated with the salesman because he would "play dumb" and keep going back to his manager to answer my questions about the lease. It is amazing how they can turn the numbers around to try and confuse the buyer.
  • Hello,

    I just got a quote from a dealership in Atlanta, GA for the following 2006 TSX AT with $0 down payment.

    MSRP $28505
    Cap Cost $27705
    Residual $16532.90
    Total Initial Pmt $1463.61

    42 months, .00245 MF
    $375 per month + tax

    I haven't begun negotiation with the cap cost yet, I am planning on doing so but wanted to get an idea of where I should be at. I see from the other forum (prices paid) that people seem to be getting decent prices lately, I definitely plan on getting that much lower.... but I also wanted to make sure the MF is in line with Honda Finance. Has anyone been able to get them to waive the doc fees? Salesman gave me some line about not being able to....

    But other than that, looks like I should be able to get it for a decent price, so I'm happy so far!
  • CarMan:

    Can you help me sort out the conflicting information that I am getting on Honda Financial lease rates for the TSX?

    Looking at a non-nav TSX for 36 months; 12K miles per year. Web sources (including you in previous posts) and dealer agree on the residual (63%), but I am getting different stories on the money factor. I have read in this forums (and others) that AHFC's base MF for top tier rates(I qualify for top tier rates) is 0.00260; the dealer I am purchasing through says the best rate is 0.00310.

    Which is correct and why won't the dealer budge from the higher MF? Since there is a substantial difference in the total lease payments over the term between the two, I'd like to sort this out before closing the deal.

    Thanks.

    Karl
  • Welcome shaytaan. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    The main number that you need to focus on during your negotiations is this car's selling price. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Take a look in the following discussion to get a feel for how much you should pay for this car right now: "Acura TSX: Prices Paid & Buying Experience". Once you have an idea, let me know. This information, as well as the MSRP of the car that you are interested in, will enable me to estimate what your lease payment should be. If I was in the market for a TSX, I personally would also take a close look at the BMW 3-Series, Audi A4, Mercedes-Benz C-Class, and Infiniti G35, all of which have more lease support available on them than the TSX does right now.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • Hello hoyarenee. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Also, you may want to consider switching to a zero down lease rather than making a $1,700 down payment. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your TSX would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.

    Car_man
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  • Hi matt19hsc. It is difficult for me to say whether this is a good deal without knowing what the MSRP and selling price of this car are. I also need you to tell me how long this lease is. Let me know, and I'll tell you what I think.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • Hi professorfrink. Yes, the lease money factor that you were quoted to lease this car is right in line with Honda Finance's buy rate money factor for a lease of one with a waived security deposit. That is a good thing because it means the only aspect of this deal that you have to worry about is your car's selling price. The TSX "Prices Paid" discussion, which you have already visited, is an excellent place to get an idea of how much you should pay for this model right now.

    As far as doc fees go, store policy may prevent your salesperson from waiving your car's fee but they can easily lower your selling price by the same amount. Look at doc fees as part of your car's total price. If you feel that the total price of this car, including all of the little fees that your dealer tries to tack on is fair then don't worry about how the price breaks down. If however, the fees make the car more expensive than you should be able to buy it elsewhere try to negotiate a lower total price.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • Hi Karl. Unless your credit is not in good shape, this dealer is lying to you. Honda Finance's current buy rate lease money factor for consumers who pay a security deposit and qualify for its "Super Preferred" credit tier is .00260 for 36 month leases. If you opt to have your car's security deposit waived, it would increase its money factor by only .00010. It appears as though the dealer that you are working with may be trying to mark your car's money factor up to add additional back-end profit to your deal. Tell them that you are going to lease from a different dealer if they don't use the buy rate money factor. That should get them to change their tune pretty quickly. If not, shop around I'm sure that you will be able to find a dealer that is willing to work with you.

    Car_man
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  • Hi Car Man,

    I looking to lease an 06 TSX w/nav. Can you supply the residual and money factor. Thanks.

    Rich
  • What was your end result? I live in Atlanta and I'm about to go shopping. Very curious to hear about your experience. You can also e-mail directly, if you'd like.
    Thanks,
    DevilInLaw
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings icenet. This car's money factors and residual values vary depending upon how long you lease them for and how many miles per year you are allowed to drive. Since you never mentioned either of these things, for now I will assume that you are interested in a 39 month lease with 15,000 miles per year. Let me know if you want a different term or mileage allowance. If you were to lease a 2006 Acura TSX with navigation through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00260 and 59%, respectively.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • auralaural Posts: 1
    Help please. Can you please figure a TSX (no nav) lease: 3 year, 12,00 miles per year, cap cost incl delivery =$26,541, no security, no cap cost reduction, 6% Ct tax, highest tier credit. Please give MF and residual figures. Thanks
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