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38,515Car_manHost

Prices Paid Forum

38,515I believe that the money factor that you mentioned in your post, .00275, is off. Honda Finance's current buy rate lease money factor for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing is .00283. This is as low as this car's money factor is going to get for a lease through Honda Finance.

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Prices Paid Forum

38,515(with the destination charge added in) I would be happy to estimate what your monthly payment should be for you.

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Prices Paid Forum

38,515As far as how much to pay for a TSX right now goes, I suspect that this late in the model year dealers that are in an area that has a lot of competition will be willing to sell their leftover '06 TSX models for fairly close to dealer invoice. Try stopping by the following discussion to see how much other community members have paid for their TSXs lately: "Acura TSX: Prices Paid & Buying Experience".

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38,515Car_manHost

Prices Paid Forum

1Details:

Monthly: 359

Amount at sign up: 2199

period: 36 months

Residual value: 17,388.05

MSRP: 28505

Miles: 10,000

(does not include tax, license, title, registration, documentation fees)

Do standard specials like the one above mean no negotiations? Or can i negotiate? Also how much extra should i expect to pay for all the stuff mentioned in the parenthesis?

Thanks in advance

266Re: MF = "00283. This is as low as this car's money factor is going to get for a lease through Honda Finance."

My issue is that I can't reconcile MF = .00283 with the Honda Finance offer below. Please confirm the MF being used for the offer below.

Many Thanks.

FEATURED LEASE: Closed-end lease for 2006 TSX 5-Speed Automatic Transmission (Model CL9686JW) for $359.00 per month for 36 months with a $1,245.00 capitalized cost reduction available to customers who qualify for the AHFC super preferred credit tier. Other rates/tiers are available under this offer. $2,199.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee and capitalized cost reduction. Security deposit waived in featured lease example. Total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.

2I am interested in leasing a `06 Acura TSX

withoutNav for 36 months. My local dealer is offering a lease price of $359+tax/$27,890(MSRP). They offered me the following:$382 (tax included) a month for 36 months with 12k miles.

$2000 down payment

$1000 in fees, making it a total for $3000 due a signing.

They said this was an AMAZING deal. Well, I decided to play with some numbers and found out that that works out to be paying almost $31,890 for the car. They told me the residual is 60% - which is amazing. Here are the numbers I used and this is what I got:

MSRP: $27,890

Adjusted Cap: $26,436 (about $1,000 over invoice)

Money Down: $0

Residual: 60%

Money Factor: .00125/3%

Tax:6%

This came out to be $343 a month and a total of $1000 due a signing (aqq fee+first month).

By the looks of their initial offer ($2k down, $382/mo) it seems as if Im paying the dealer $2000 upfront to just lease the car, then another $2000 profit over the course of 36 months.

IS it possible to get a lease for $343 with nothing down?

38,515Car_manHost

Prices Paid Forum

38,515Car_manHost

Prices Paid Forum

38,515Car_manHost

Prices Paid Forum

38,515Car_manHost

Prices Paid Forum

38,515Car_manHost

Prices Paid Forum

2They offered me the below 36-month 12K lease deal on a 2006 TSX with Navi.

$379.00 per month (36 months) (Includes Tax)

$3000.00 down (Not including first months payment)

Gross Capitalized cost = $29,949.34

MSRP = $30,505.00

Residual Value = $17,997.95

Depreciation & Amoratized Amount: $8,951.39

Rent Charge: $4692.60

Total of Base Payments: $13,643.99

Total of Payments: $16,644.00

Is this a decent deal?

I appreciate your response.

31I used edmunds lease calculator to determine a lease payment for a 2006 TSX and came up over $50 per month off of the dealer. The dealer looked at the numbers and said the lease calculator was not calculating taxes correctly - how could this make the payment more than $50 a month off??? Here was what I was using and came up with:

MSRP: 28,505

sale price: 26,106

resdidual: 60%

money factor: .00290

cash downpayment: $2000

assignment fee: 595

license and tag: 143

upfront tax: 7%

36 months, 12k miles

I came up with $355 a month

the dealer came up with $408 a month

How could these figures be so far apart just due to taxes??

46,898That could easily add up to $50/mo.

MODERATORPrices Paid, Lease Questions, SUVs

3131Sales Tax

The state sales taxes levied on the Vehicle Sales Price. Edmunds pre-populates this field based on your state, if you have entered a ZIP code.

I entered my zip, so I'm assuming edmunds calculated this correctly?

Thanks again for your help!

46,898doestax the entire purchase price.. Texas does this also.I'm not sure how the Edmunds lease calculator accounts for taxes, though I'm guessing it just applies the tax percentage to the payments. Illinois' tax treatment of leases is unusual, and I doubt the calculator accounts for it.

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

2They offered me the below 36-month 12K lease deal on a 2006 TSX with Navi.

$379.00 per month (36 months) (Includes Tax)

$3000.00 down (Not including first months payment)

Gross Capitalized cost = $29,949.34

MSRP = $30,505.00

Residual Value = $17,997.95

Depreciation & Amoratized Amount: $8,951.39

Rent Charge: $4692.60

Total of Base Payments: $13,643.99

Total of Payments: $16,644.00

Is this a decent deal?

I appreciate your response.

27I gather leasing in IL is not good (i have not leased a car in this country before) due to the sales tax. If i live in IL, can i lease a car from a dealership in Wisconsin and save some $$? Is it worth it on a mid 20's car like an acura tsx or civic si sedan?

thanks.

27tsx (MT, no nav)

- msrp 28560 - according to dealers web site

- negotiated price - $26351

- residual - 60%

- money factor - 0.00290

- miles - 12000

- term - 36 mths

- acquisition - 595

- security - 425

- total down (out the door cost) - $2000

giving $409.75 monthly payment. is this good?

thanks.

2731I've been dealing with Chicago dealers on a TSX over the past week and one of them quoted me via email $26100 for a TSX auto w/o navi on a 36 month, 12k a year lease with all of the other items you mention, including the same money factor. They did this without hesitation; therefore, you may be able to get your negotiated price down. I have seen prices now fairly consistently below $26k and even one at $25,300 (although this was from someone in CA where it seems prices are always lower on TSXs).

I also heard that Acura may be preparing to lower the money factor on '06s once the '07s start showing up in order to clear more of them out. This is rumored to possibly take effect in a week or two.

Also, on residual it is the residual on the MSRP and not negotiated price.

2731The edmunds lease calculator does not work for calculating IL tax. I checked this by having one of the dealers fax me their worksheet. What you need to do is calculate the tax first and add it. I now use a slightly simpler calculator found here:

http://www.leaseguide.com/calc.htm

I then calculate my tax seperately and then add on the aquisition fee ($595) and put the final value in "costs added to lease". Your cap cost reduction is then your downpayment. One other item to remember is that usually your first month's payment and IL tags ($143) will come out of your downpayment - so figure on taking $450 to $550 off your downpayment first, then put the remainder into the cap cost reduction. This should get you very close to the $409. Once you are close, you can then play around with different numbers and see how good a deal you can get.

Good luck! I'm going to hold out a little longer and see if these money factors drop....

27So - do u or anyone have any inside info on the '06's? I have a manual, charcoal that i have my eyes on but 2 different dealers seem to each have 1 so maybe i can afford to wait if u think the MF or prices are going to drop within the next month max.

31I'm in the same boat with you also - I like red in the TSX and there are currently 5 of them. This is a bit of a risk to wait, but I think I'll roll the dice. Since there are 2 in your case, I wold probably be more pressured to head out and see what they can do....also remember, the end of the month is fast approaching. That should give you more negotiation leverage as well. If you do decide to buy, please post back and let us know how it went. If I hear more on the change in money factor, I'll post it here.