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Acura TSX Lease Questions

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Comments

  • marc52marc52 Posts: 17
    Looking at a 2009 TSX base, What is a fair price with nothing down.
    The current deal is 299/month, 2405/down and 3299/due at signing. How do you convert this to nothng down with a good buyout price. I do anticipate buying it at end of lease and keeping it for at least 7 years.
    All help is appreciated.
  • tbenson81tbenson81 Posts: 22
    Just diviide the Money down over the term. So 299 a month with 3000 down for 36 months is 299 + (3000/36) = 83

    383 with no money down

    Just to give you a ballpark number
  • robertw477robertw477 Posts: 179
    In my earlier post a few up I mention how most people dont understand a lease. Your post is an example of this. I am blunt but I dont want a person like you new to leasing to get screwed.

    #1 Buyout terms on a lease are generally not favorable. In faxt you can return the car to the dealer and basically buy it back at a lesser amount on the contract. Only one time did it make sense for me as I was way under mileage.

    #2 If you are keeping a car for 7+ years buy it for get the lease. I think there are some special interest rate deals for Acura?

    #3 You lease because you want the flexibility of the lease and you dont want to buy the car.

    BTW that deal you have is terrible. You ask for a SIGN and drive lease. You need to do better on an 09 base model than that. You cannot negotiate buyout price with American Honda.

    Rob
  • marc52marc52 Posts: 17
    On a 2010 base TSX for 36 months. I do want to buy it at the end of the lease. I am going to use money from my private sale to make the payments and buy it at the end. For 36 months what is a good monthly payment and buyout price.
  • marc52marc52 Posts: 17
    Nothing down ofcourse!
  • robertw477robertw477 Posts: 179
    Forget the buyout price. Its set by American Honda. Per a lease deal like this it is not relevant. If you mean you want to buy the car from American Honda at the end of the lease and then sell the car for a profit? This is fairly difficult. Unless you are under miles there wont be a big spread. I am not sayign its not possible, but I would not worry about that.

    Rob
  • kingpcgeekkingpcgeek Posts: 985
    Why would you go through a lease when you plan on buying it at the end of three years? If you buy it instead of leasing it you don't get hit with the $595 bank fee.

    As someone else already said there is no negotiation of the buyout price. That price is MSRP X the residual % set by Honda Finance. You negotiate the selling price.
  • 10sfan10sfan Posts: 136
    Chicago, Il area add for the TSX base is $272.00 Mo, with $2,272.00 down, including first months payment.
    Nothing about an acquisition fee included. TTL extra.
    I am in the process of getting an internet quote on the bottom line selling price to see if any of the $2,000.00 balance can be reduced from the selling price and then added to the 36 monthly payments.
    Will advise on the pricing I receive.
  • kingpcgeekkingpcgeek Posts: 985
    As long as you credit is very good, you can put down any amount (even $0) when you lease. Ignore the "lease deals" that say you need to put down X amount.
  • smpatesmpate Posts: 9
    Just bought an '09 TSX Tech Grigio/Ebony in Houston, TX.

    15k/yr, 36mo, only first month's down, dealer threw in tint. Literally drove home after cutting a check for $425.

    Probably could have saved a few more bucks, but I thought it was fair. Sales price was $29,035 on my contract.

    Based on my experience, people looking for 12k/yr should be getting closer to $400 per month with first month's down.

    What do people think?
  • bvdj84bvdj84 Posts: 1,721
    Wow!

    I like that deal! So perhaps I could get a deal like under $400 for 12k? But, I am thinking that I need 15k. I am roughly about 3,500miles over.. where I should be for my current lease. I am not worried, as I am going to trade it early anyway.

    Nice deal. I need to make a point of going 1hr away to drive one.
  • sandeep1sandeep1 Posts: 3
    Hey. I'm in the process of leasing Acura TSX 2009 with Tech Package, the quote I got is 399/month 15,000 miles/year and with 2,200 $ down. Do u think its a good deal? or what do u think will be good one?
  • sandeep1sandeep1 Posts: 3
    Hey, I'm in the process of leasing Acura TSX 2009 with Tech Package, the quote I got is 399/month 15,000 miles/year and with 2,200 $ down. Do u think its a good deal? or what do u think I can get better deals??
  • kingpcgeekkingpcgeek Posts: 985
    Can't judge a lease deal without knowing the selling price of the car.
  • robertw477robertw477 Posts: 179
    FYI I was just offered a base 09 TL for 400 a month plus tax. Sign and drive no cap cost reduction orbs fees.

    There is alot of support on the TL with Tech. That car may be in the 450 range. Comparing the deals I say 450 a month with first month and tags is better than an 09 TSX (smaller engine) less features.

    good Luck
    rob
  • sandeep1sandeep1 Posts: 3
    Well the MSRP is 33,020 and the capital reduction cost is 1,128.76 $.
  • tbenson81tbenson81 Posts: 22
    This is not necessarily true. Depending on the state you live in (tax rate) and what other fees are getting charged (acquisition fee) etc, we can pretty much deduce the selling price. We know the MSRP and we know the cap reduction.

    However- yesterday was the last day for Acura's Money Factor rates and dealer cash on the car. You will have to wait until later today when Honda Finance releases the new numbers. If it stays the same - you have an extra 500 you should be able to save

    If they get rid of the dealer cash or bump the MF - that might be the best you can do

    Again - tell them you dont want any cap reduction and then shoot for 425-450 and you will be in good shape with 0 money down
  • tbenson81tbenson81 Posts: 22
    2009 TSX with tech actually has more features than a base TL

    All the base TL has going for it is the bigger engine
  • robertw477robertw477 Posts: 179
    It is amazing to me how difficult it is for car dealers to get to pricing. The car market is the worst it has been in maybe 10-20 years+. I posted earlier than TLs can be had for these price ranges 425-450. I always feel that patience prevails. I also will switch cars or brands to find the best deal for that car.A guy just called me and he is the biggest Acura dealer in the US. So far he is offering me the highest prices. I dont care the seize of the dealer. If the guy worked out of garage that would be fine with me.

    Remember only love something that can love you back.

    Rob
  • buystampsbuystamps Posts: 8
    hi-do you mind sharing the dealer; looking to purchase '09 or '10-thanks-marc
  • buystampsbuystamps Posts: 8
    do you mind sharing the dealer; am considering the same car.... thanks-marc
  • leedgatorleedgator Posts: 3
    Traded in 2007 Ridgeline RLT, with $6000+/- in negative equity for 2010 TSX , ended up at:
    $1500 down,
    $530/month for 42 months
    15K miles / year...
    purchase price $28K
    I figure the $4500net diff between negative equity and inital down equates to roughly a $110/month figure dealer should earn something on that money so call it $125/month thus without the negative equity calculated into the monthly I figure I am paying roughly 405/month for the 2010TSX ...I think I could have done better...at least I am getting 10mpg more and since roughly 10K of miles I drive are reimbursed at 51.5cents per mile the vehicle almost pays for itself. I would appreciate anyone elses analysis, as I have been second guessing myself since I left the dealer...not on the car but the deal...
  • fastfeetfastfeet Posts: 9
    Hard to say ..what area are you from???
    IDK I just leased an 09 tsx w/ tech and i def think i could have done a lot better
    Drive the car first, I came from a TL 6 cyl to a 4 cyl It seems awfully loud & blue tooth is not great either. I m not sure if it's all the tsx or if i got a lemon???
    Appreciate other opinions
  • roubaudroubaud Posts: 39
    Ok, first time potential leaser here. Reading these forums for weeks makes me think / hope someone smart is out there, and is willing to be patient / redundant with a question I'm sure has been asked before.

    Someone mentioned if your credit is very good, you maybe wouldn't have to place a down payment on the lease. Is this true?

    What's the point in negotiating the price down from MSRP if you go with an Acura lease incentive whose residual is based on the MSRP, and not what you haggle down to? Plus, In my state tax is paid monthly, and so is lower than based on the final cost, so no tax break on haggling down as I see it.

    So I wonder--if the current lease special for a '10 Tech is, say, $389 for 36mths, tax might take me up to around $420/mth. Would a 5 year loan be that much more? Help? Have pity?
  • roubaudroubaud Posts: 39
    You've won me over!!!!!! I'm learning. Thanks for schooling me.
  • robertw477robertw477 Posts: 179
    You need good credit for a lease. This has nothing to do with a downpayment or a cap cost reduction. When you get a lease quote you tell them you want sign and drive. You want to pay for first month and tags, not thousands of dollars. Oh sir we can lower your payments if you do a cap cost? What fools go for that? Example 400 a month lease or 300 a month with 3600 down. Which is better. Answer 400 a month. Forget current lease specials and national ads. Those rates either can be beat or have big cap costs. Often I can get sign and drive or lower on the same lease. Do your homework and read many posts here. I tend to think many lease buyers get fleeced. Also your payment on a loan even at the low interest rate is a larger payment by far. Use a loan calculator on this site. If you trade in cars every 3-4 years, leasing makes sense from 10-15K miles. 12,000 mile leases are standard. If you keep cars 5 yrs or more than a buy might work out better for you. Dont think too hard or try to come up with too many theories. For me I follow the bottom line leases mentioned here. Total costs. Use your local taxes though.

    Rob
  • wculbert1wculbert1 Posts: 16
    Anybody know what Honda is offering on residuals and money factors for the new 6 cyl?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi wculbert1. I have seen Acura's lease program for the new 2010 TSX and I would be happy to help you out. This car's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so I had to make some assumptions. 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 a 2010 TSX V6 non-Tech with 15,000 miles per year are .00243 and 58%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • wculbert1wculbert1 Posts: 16
    Thanks, and sorry I didn't give all the details. Interested in 36 months with 12K per year.
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