Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Acura TSX Lease Questions

1404143454683

Comments

  • Thanks for the details about your purchase. I also feel the quote I got was too high. I am going to visit another dealer or two and see if I can get a deal closer to 28K for a Tech.
  • what are the current residual value and money factor on the '09 TSX with tech at 10,000 miles per year? any incentives (particularly for current acura owners)?

    many thx.
  • acajoeacajoe Posts: 4
    From the Acura website, current offer: $2499 total due at signing for 36 mo lease and 10K/yr is $299 per month plus tax.
  • I think its same as March
    Money Factor .00215
    Residual Value 63% $18,849.60
  • anzialanzial Posts: 21
    I got the following quote for 09 TSX base:

    MF .00215 (for customer's with FICO scores above 660).
    residual 62% for 3years x12,000 miles
    Sales price of $26,891 (a bit high, I know but I haven't got anything better yet),
    MSRP $29,720.00,
    the monthly - $350.37 (only first month/license/registration due at signing, around $700)

    Is this a good deal?
  • Ask for detail of the quote breaking down the total cost, with fees included

    Here is how I see if I am getting a good deal (I have to have these #'s before making a deal).
    MSRP
    MF .00215
    Residual (used with MSRP to get Residual value = RV)
    Lease Term
    Mileage 10,000/yr ( for Acura, they'll probably add extra cost for higher allowance)
    Price of the car (26,891 is a good price)
    Gross Cap Cost (get breakdown of this number)
    Cap Reduction (if any)
    Net Cap Cost
    Formula I use:
    Net Cap + RV multiply total by MF (which will give you monthly rent charge)
    Take that mo RC and multiply by lease term (total rent charge (interest)
    Not done yet...
    Net Cap - RV = Dep/use Charge
    Use charge + Rent charge = total base payments, which then you divide by the term to equal monthly base payment.

    Good Luck!
  • anzialanzial Posts: 21
    My guess is, the gross cap cost is around $27500, prolly a ~$600 destination charge on top of $26,891 dealer hasn't mentioned in the lease quote.
  • I know that the destination charge is $760, which should have been included in the priceof the car.
    What area do you live?
    Forgot to mention to add sales tax on the monthly base payment. Tax in my area is 7%.

    It seems from what I've read in a couple of posts, some have paid the sales tax of the term of the lease up front. Would that allow the leasee to submit all of the tax on their 2009 return?
  • anzialanzial Posts: 21
    I'm in SoCal. I don't think we are paying full tax upfront, only monthly payment tax. The quote is for $350 before tax, with tax is $382. Now, if I understand you correctly, the $760 destination fee is the same whether I'm buying, financing or leasing the car?
  • angleralangleral Posts: 8
    I've been looking for about a week now and find all local dealers are very low in stock on the base model and se the ones they have they are asking high prices for. Best price on a red one was 27,231.00 and worse price on one was 28,000.00. I guess I missed out... I must tell you though, there are lots and lots of Tech models available.. I wonder if Acura will run agressive specials on them. Is it true the 2010 models will be out end of May?
  • Yes, I believe from what I seen that the destination fee is the same. You can check here on Edmunds. Just go to the TMV page, and it states the charge is $760. I think you can actually enter your zip code, just to be sure.
  • I don't think the 2010 will be out until Summer (August/September), and the MSRP starts out for the base model around $34,000...I think its a V6.

    I don't think you missed out on the current deal AHFC yet. You just have to look/work hard to find what you want, and then you might not even get all that you want. AHFC deal is based on MSRP $29,920; MF .00215; Residual $18,849.60; $2499 due @ signing (which includes $1605 down $595 AHFC Fee 1st month $299 payment) All tax, title, doc fee are extra. The $299 payment comes from an adjusted Cap cost of $26,132.03, so if you add the down payment of $1605 you'll get the price of $27,737.03 (which is my own starting figure).

    What are you looking for? (please send color, both ext/int)
    How many miles? What state do you live in?
    I think the price of $27,231 is a great price to start. You have to remember to ask them for a detail off all costs (price of car, doc fee, taxes, title) They like to add on things, like rubber floor mats...yuck
  • I think at the price of $399 to $429 for a TSX w/Tech, I would have chosen to upgrade the TL w/Tech (AHFC currrnt special is $429 w/tech, just $30 more per month than the base).
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey scooter21. Acura's April programs for the 2009 TSX are exactly the same as its March programs were.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi angleral. To the best of my knowledge, Acura did not introduce any special incentives on any models in conjunction with the New York Auto Show. The domestic manufacturers, GM, Ford, and Chrysler, often have Auto Show bonus cash but the Japanese manufacturers rarely do.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting your new TSX, jamber. Thanks for taking the time to share the details of your lease with everyone. Real world examples like yours are always helpful for others who are in the market for similar vehicles. If you'd like, you can stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well.

    Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi greenacura. the easiest way to evaluate how good a deal this is is to take a look at this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. This number allows you to see how large a dealer discount you are being given. You wouldn't finance a car without knowing how much you were being charged for it. Leasing one without the selling price is the same thing.

    Find out what the selling price is and let us know. Either myself or another knowledgeable community member will gladly give you their opinion of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi chairman. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura TSX Tech with 10,000 miles per year are .00215 and a solid 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Acura is currently providing $750 dealer cash on the 2009 TSX. The only loyalty cash that I am aware of is another $750 to current Honda Finance lessees whose leases are expiring.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • My deal on a 2009 Base TSX with 10k miles/year, 36 mos:

    Monthly Payment: $289
    Amount due at signing: $2,532 (includes taxes on entire selling price of the car, not just leased amount because I live in IL)

    I see it as I beat the nationally advertised lease special by $10/month and didn't have to put down the TTL.

    Thoughts?
  • XxHaimBonxXXxHaimBonxX Posts: 116
    The advertised special does not include taxes, registration, title, bank fee, dealer fee. It only includes a downpayment. All other things are mentioned extra in the small print.

    Also, you said you didn't have to put TTL, but then in another sentence said that you paid full tax. What is TTL?
  • Sorry for the confusion. I turned in my '06 RSX lease and the dealership somehow used that to pick up the taxes on the TSX. So I just put down $2,078, first month payment, and doc fee totaling $2,532.

    No other dealership was coming this low, so I'm pretty happy with what I got.
  • XxHaimBonxXXxHaimBonxX Posts: 116
    It is very strange to be taxed on the whole price of the car when you just lease it. It's like paying real estate taxes on the whole house when you only rent an apartment. I would be disgusted at this tax structure and never lease on principle.
  • jmdswejmdswe Posts: 1
    My TSX lease (from Honda Financial) is about to expire. I was informed I am entitled to a $750 coupon if I lease another TSX but i never got anything in the mail - or it was thrown out by mistaking it for junk mail. Does anyone know how i go about using that coupon? I am close to deciding on getting a 2009 TSX (although i wish i could wait for that '10 TSX V6.) Thank you.
  • XxHaimBonxXXxHaimBonxX Posts: 116
    Call up Honda Financial about it. From what I heard, these coupons could be used for ANY Acura, not just TSX. Although TSX is a fine car as it is. It might be also be used for Honda vehicles as well.
  • drtraveldrtravel Posts: 395
    You are allowed to deduct local sales tax paid for a new car on your federal income tax. How about leased cars. In California, when you lease an automobile you don't pay the sales tax at that time, the sales tax is paid in your monthly payment and is based on your payment amount. So technically you are paying the sales tax every month. Should this amount be dudctible on your 1040?
  • kyfdxkyfdx Posts: 28,035
    Nope...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • angleralangleral Posts: 8
    Well, spent a couple of weeks trying to get a lease on a TSX Base to no avail. Called dealers up to 60 miles away and had dealers trying to trade the Red cars in stock for any other color.. Not any around.. And the prices they are asking for the few red cars is outta sight. I guess I'll wait and see what happens if Honda gives incentives on Tech's otherwise June is not that far off and the 2010 Base models will be back in stock, hopefully.. I can get a super deal on an Accord 4cy EX-L., 299 per mo with 2000 down and 12k per year but I did want a TSX.
  • XxHaimBonxXXxHaimBonxX Posts: 116
    nope, leases are not deductible no matter when you pay it. It doesn't mean you can't try and later say oops, didn't know it.
  • wculbert1wculbert1 Posts: 16
    What do you think Honda will offer in terms of discounts vs MSRP, MF, and residuals on the new 6 cyl TSX? Seems logical that the residuals will be high, but they may not be too keen to offer other incintives. Opinions?
  • acuhonfanacuhonfan Posts: 10
    Sorry you weren't able to get a 2009 base TSX. You're right, the base models were gobbled up this month. I was able to get a black one at the beginning of the month, but it had to come from a dealer on the other side of the state. Regarding your deal on a 4 cylinder Accord EX-L, that's about the same as what the base TSX was going for. I realize that doesn't do you any good if you can't get one. You might look at the Accord V6 EX-L. A local dealer's ad has them running for $319 a month with $319 upfront for a 12K, 36 month lease, so they must really be pushing them. I would have looked twice at that car if they had offered that deal earlier. When I was shopping, the V6 Accord EX-L lease was more expensive than the base TSX. Also, I don't know if you've driven all three cars, but I drove the 4 cylinder Accord EX-L and did not find it to be terribly exciting, however I was coming from a V6 6 speed manual Accord. Although the TSX doesn't have the sheer power of a V6 Accord, it is definitely fun to drive, even in an automatic.
Sign In or Register to comment.