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13$32,820 MSRP

$30,224 invoice

$31,000 selling

36 month lease

10K miles

$3,500 down payment

$399.83 including tax

$20,701.80 Resid. value

$32,820 MSRP

$30,224 invoice

$31,000 selling

36 month lease

12K miles

$3,800 down payment

$399.49 including tax

$20,373.20 Resid. value

395Thank you

9923395Sorry about all the fee questions, but inquiring minds...

225Also includes $1500 damage waiver ($500 per incident) and GAP coverage is included. I don't believe there is a purchase option fee.

G

395Acura charges $595 for acq/bank fee and no disposition fee.Thanks for this - some dealers mark up the acq/bank fee - so it's nice to know what it is before hand. BMW dealers are famous for marking their acq fee up $200 and many people don't seem to know that MB charges a hefty end-of the lease fee.

38,515Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

38,515In short, the two most important numbers to know when leasing are your car's selling price and the money factor that the dealer is using to calculate its monthly payment. I see that you already know what the dealer is charging for this car. That's a great start. Let's take a look at it. The dealer invoice price for a 2009 Acura TSX with an automatic transmission but without the Technology package is $27,399. So it appears as though the selling price that you were quoted is $500 over invoice, which is very good.

Just make sure that the dealer that you are working with uses Honda Finance's current buy rate lease money factor of .00270 (for "Super Preferred" tier customers who pay a security deposit at lease signing) and you're in business.

Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

38,515Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

1312K miles

$3,800 Drive off (Down)

payments of $400.18 including tax(some reason off by a few cents, What is the tax at your home or county tax?)

$371.40 with out tax.

.00280 money factor

62% Res. Value

your $3800 drive off includes the following:

1st month payments of $400.18

Cap red of $2497.16

Sales tax up front $243.91

1st years fee of $8.75

Sec Deposit $000.00

Doc Fee $55.00

Acq. Fee $595

Your Residual is $20,348.40

38,515Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

38,515Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

39538,515Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

2500 down including tax and fees408 dollars a month

i added the 600 tire warranty for 17 dollars a month total

425 dollars a month for 39 month

the reason for the tire is i had Mazda6 before and had to change 4 tires over 4 years because of potholes and Acura uses the same tires

18can you give out more info on your lease? is that 36-month 15K/month lease? what's the breakdown cost of your inception fee? what's money factor? thanks a lot!

395So a car with a MSRP of $29,720, Cap cost of $27,398 (invoice price with nothing down), 36 months with 15K per year has a residual of $18,724 (63%) and a money factor of 0.0027 would have a monthly lease payment of $365.48 + TTL. I doubt a 39 month lease would be much different - the monthly payment might even be a little bit lower.

When analyzing leases you need to provide more information than just the monthly payment. They may have bumped up the money factor, your cap cost may have been too high etc.

Don't know what market you are in but in So Cal, buying this car for close to invoice is definitely doable.

PS - good luck on finding the money factor in your contract. Seems like car leasing is exempt from listing the APR. Just multiply the money factor by 2400 to determine the interest rate - 2400 * 0.0027 = 6.48%. I think this is too high and am willing to wait until the rates comes down.

1824Also, you said above the money factor for October is 0.0027 or 0.0028 w/o a security deposit...is that the best rate that any dealer can use in the month of October, and they can mark it up from there? The strange thing is that the TSX lease special on the Acura website ($329/mo w/o tech 10k mi/yr) seems to be using a 0.0030 money factor, which sounds pretty high...

38,515Honda finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura TSX without the Tech Package with 15,000 miles per year are .00290 and 63%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. If you were to have your security deposit waived, the money factor would be .00010 higher. Dealers are usually allowed to mark banks' buy rates up a little to add additional hidden profit to dealers if they choose to.

Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

1Assumed Vehicle Cost: $27,500

Residual: $17,325 (63%)

Down Payment: $2,675

Term: 36 mo

Money Factor: 0.00290

Miles: 10k

Based on these numbers I'm calculating an expected payment of ~$400 / mo versus the $309 / mo they are offering. I'm only trying to understand this so that I can try to predict if there's a chance an even better deal will come in the future since this offer ends Nov 3, 2008. It seems doubtful it'll get better than this, but maybe I'm missing something. Can anyone help shed some light? I should mention this is without the Tech Package.

395It seems doubtful it'll get better than thisI'm not going through the numbers for you (you can see an example in the TL lease forum for that) - however I would be suprised if Acura doesn't provide some more lease support in the next few months. Their current interest rate is almost 7% which is a bit high given the state of auto sales. Keep an eye on the October sales figures announced tomorrow. If they are as bad as September sales - all auto manufacturers will have to come up with better incentives.

It's a buyer's market and will continue to be so for awhile - IMHO. You hold the upper hand and not the dealer - so I'm betting the deals will be better soon.

395(Cap Cost – Residual Value) / Term = Depreciation

(Cap Cost + Residual Value) X Money Factor = Interest

Depreciation + Interest = Base Monthly Payment

In your case the cap cost is 29720-2675 (down payment) - 661.08 (discount) = 26,383.92.

Residual value is 66% X 29720 = 19615.20

So the depreciation is (26383.92-19615.20)/36 = 188.01

and interest is (26383.92+19615.20) X 0.0027 = 124.20

Monthly payment is 188.01 + 124.20 = $312.21 plus TTL (not sure where the 309 comes from - maybe a slight reduction in the MF or some voodoo math)

Is this a good deal?

You are only getting a $661 discount which means you are paying $1660 over invoice. I think this is way too much - in So Cal I can buy a TSX for close to invoice.

The MF is 0.0027 with a paid security deposit.

You have to pay a capital cost reduction of 2675 - it's pretty much agreed that you shouldn't put anything down on a lease.

The interest rate is 0.0027 X 2400 = 6.48%

9When you have the information available, would you be able to advise the MF and residual numbers for November? Also, while the auto industry in general is really hurting, how would you rate Acura as to a possible steep decline in sales in October or are they holding their own? I really appreciate your help with this information.

Thank you, Jackie O

395They were down about 20% except for the new TL which was up 20%+

395Use the following formula to calculate a lease payment:

(Cap Cost – Residual Value) / Term = Depreciation

(Cap Cost + Residual Value) X Money Factor = Interest

Depreciation + Interest = Base Monthly Payment

The cap cost is 29720-2675 (down payment) - 906.80 (discount) = 26,138.20.

Residual value is 65% X 29720 = 19318

So the depreciation is (26138.20-19318)/36 = 189.45

and interest is (26138.20+19318) X 0.00263 = 119.55

Monthly payment is 189.45 + 119.55 = $309.00 plus TTL

Compared to last month's lease deal - the residual decreased from 66% to 65% and the allocated discount increased from $661 to $906. Don't remember if they required a security deposit last month, also note that the offer doesn't include the money factor however I reversed engineered the offer to determine the money factor they would use.

9Thank you,

Jackie O