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Acura TSX Lease Questions

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  • bvdj84bvdj84 Posts: 1,704
    Ya, I think you can do that same deal on a 36, I am sure since it is a 48mth lease, they are making a bit more profit on the deal. I would shoot for 36mth max. My mother had a VW Jetta for 4yrs and it was a long lease, she loved it though, and really it worked out, that is pretty long for a lease, and really defeats the whole purpose, especially when you can get it financed on a 5yr loan. I am certain you can get a normal 36mth lease, They are making more on the 48mth lease.

    You know what, a lease really does go fast, before you know it, you'll be looking to trade again. People who lease like myself, find ourselves forever drawn to leasing, but I am okay with it.

    When my current lease is done, I totally see myself back to Honda/Acura and the TSX is on the list to look at. The only issue I see is the I am with GMAC, and I don't see myself getting out of the lease in 2yrs or so like I did with my Honda and had no problems. Oh well.
  • flbuyerflbuyer Posts: 11
    Can anyone supply me with lease numbers for this car...36 months @ 12K/yr. Looking for Residual and Money Factor. My local dealer says 60% and .00235. Are those the current AHFC numbers?
  • lenzcarzlenzcarz Posts: 1
    Hello
    I was quoted a money factor of .00245 today. Trying for a 08 with nav. Priced at $26,913.00, 3 year, 12K, total drive off of $1,500.00, payment of $385 & tax. Here in So.Calif. - any good ???
  • gatorsfgatorsf Posts: 22
    The money factor and residual is consistent with a proposal I received.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi kousuke. Acura was providing special lease money factors on leases of the '08 TSX through Honda Finance in April. It pulled the plug on its special program on it in May. As a result, the money factor jumped to Honda Finance's standard rate. At least the $1,000 dealer cash on the base TSX and $1,500 on the TSX with nav are now compatible with leases.

    Manufacturers often pull the plug on their lease support at the end of the model year when vehicles' residual values have fallen to the point that it becomes too expensive for automakers to provide attractive lease payments on them. Acura has already launched the '09 TSX so it pulled the plug on the '08 model's lease support a little earlier than it did on other '08 models.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    No problem, cndnbkn. Yep, the lease support is gone on the '08 TSX. Honda Finance's current residual value for a 36 month lease of an '08 TSX without navigation with 15,000 miles per year is 54%. The resid for an otherwise identical 36 month lease of an '08 TSX with navigation is 52%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gatorsf. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Acura TSX with navigation and 15,000 miles per year are .00235 and 52%, respectively for consumers who qualify for its top credit tier and pay a security deposit at lease signing. I believe that the 42 month money factor drops to around .00220.

    Other than the waiver its security deposit requirement for returning lessees, I am not aware of any loyalty offers from Acura.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi rleicht. I have seen Acura's new lease program for the 2009 TSX. Not surprisingly, it is not currently providing any lease support on it. Honda Finance's latest buy rate lease money factor and residual value for a 36 month lease of a base 2008 TSX with 15,000 miles per year are .00235 and 66%, respectively for consumers who qualify for its top credit tier. This residual value is scheduled to run through the beginning of July, but Honda Finance reserves the right to revise its standard lease money factors at any time.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi flbuyer. The money factor that you mentioned is right in line with Honda Finance's buy rate for this car. Strangely, the residual value that you mentioned looks low. I say that this is strange because individual dealers are not allowed to alter banks' residual values. According to the latest information that I have seen, Honda Finance's residual for a 36 month lease of an '09 TSX Tech with 12,000 miles per year is 65%.

    Car_man
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  • lepialepia Posts: 39
    Hello everyone,

    I was offered the following deal tonight on a 2009 TSX"
    MSRP:29,675.00
    36 months
    10k miles
    423.08 tax included. a month
    Residual:20,475.75 = 69%
    MF:.00250
    Up front
    1st month payment:423.08
    Fees:129.25

    when I put the numbers in the calculator, it doesnt add up. Yet, this is the offer I was given last night.
  • screamacescreamace Posts: 5
    Hello everyone,

    I just got an offer of the 2009 TSX w/ Tech Package
    MSRP: 32820
    36 months, 10k miles/yr
    Residual value: 66%
    MF: 0.0026
    Upfront: 1st month payment + 299 dealer fees (595 acquisition fee rolled into monthly payments)
    Monthly payment: 503 tax included
    Tax here is 7.3%

    The number coincident with what I got using an online lease calculator. Since the car is selling at MSRP I don't know if I can get a better deal or not. Maybe the 299 dealer fees can be negotiable, other than that, there's not much room to work around :(
  • heischjrheischjr Posts: 7
    I went to my local Acura dealer and this is the deal they gave me:
    MSRP-$29,675
    Cap Cost-$28,400
    12K Residual-68%
    Money Factor-.00285 because I do not have a 720 beacon score for .00265 top tier.
    Monthly payment with tax(6.25%)-$419 for 36 months.
    The only money I owe up front is what I owe on my trade.

    What do you think of this deal?
  • dalecpadalecpa Posts: 1
    I am looking to lease a 09 TSX for 3 years, 18000 miles per year, $1000.00 down. Dealership came up with $484.00 per month.I have excellent credit I'm looking to be at about $425-$440. Is that feasible?
  • rsaylersayle Posts: 3
    hey guys,

    has anyone seen the current money factor and residual value on the new 09 tsx w/ the tech package?

    thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey rsayle. I have seen the 2009 TSX's lease program. It varies by term and mileage allowance. You never mentioned what you want for either of these variables, 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. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of an '09 TSX with 15,000 miles per year are .00250 and 66%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    Car_man
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  • rsaylersayle Posts: 3
    Thanks for the information. The terms we would want are 36 months and 12,000 miles per year or we could even go down to 10,000 miles if needed. We were wanting to keep the payments below $500 a month. Do you think that is workable?
  • gforce11gforce11 Posts: 225
    Should be possible. With just fees + 1st month payment (around 1300 or so), you can probably lease it for around $430 or so + tax. Your payments should drop around 9-10 dollars if you opt for 10k miles.
  • mungoosemungoose Posts: 1
    Got an lease offer on a 2009 TSX non tech:

    MSRP 29,675
    10K miles/year
    $2799 down
    69% Residual = 20475.75
    MF = .0025
    $377 tax included

    Other terms:
    Acquistion fee. 595
    Documentation Fee 195
    Cap Cost Recution 1898.05
    Net Capitalized Cost 29575.17
    Residual Value 20475.75
    Total Depreciation 9099.42
    Mothly Depreciation 252.76
    Monthly Rent 125.13
    Base. 377.89

    I still think it's high considering $2799 down. Any thoughts appreciated.

    I also got a quote for $449 for the Tech model using same terms, and they dropped it to $434 before I left.
  • ugfwshugfwsh Posts: 2
    mungoose.

    I am no expert on car leasing but read quite some info about it lately and hope this can help.

    The most important factor is missing here: "Purchase Price"! From your numbers, it looks like you are paying (leasing) for more than MSRP.

    I think you should focus on:
    1. Purchase Price: $invoice + dealer profit
    2. MF: It is negotiable. The base rate should be 0.00235, try to search around for a correct amount. Anything above base rate is dealer's profit.
    3. Document fee sounds high to me and I think it is negotiable. I usually paid around $45 in CA.
    4. You should not put any down payment unless you really want to control your monthly payment amount. Your due at signing should be 1st payment + tax + ttl + fees.
    5. optional MSDs (Multiple Security Deposits). After purchase price and MF are settled, ask if you can put down MSDs to lower your MF. You will get the money back when the lease is over. A friend just did this on her BMW, but

    Again, don't negotiate monthly payment with dealers. Talk price and MF. ;) Calculate the payment yourself with a lease calculator. Good luck.

    ~ugfwsh
  • gpsacgpsac Posts: 98
    anyone have the current 24 mo mf, res % for 15k on TSX

    thanks
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