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Acura TSX Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    No problem, wculbert1. The only difference is that you want 12,000 miles per year instead of 15,000. Honda Finance's 12k residuals are 2% higher than its 15k resids for 36 month terms.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    The Tech version's residual values are 3% lower than the base model's resids.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mom29mom29 Posts: 4
    Hello, we were given best offer
    on TSX with Tech pkg today.
    $379./mos for 36 mos
    $3500.00 down
    10K miles
    additional miles at <.10/mile
    extend lease for the same mthly pyt at the end.
    ACURA dealer Route 22W New Jersey.

    Can you tell me what dealer you contacted.
    Thank You.
  • bvdj84bvdj84 Posts: 1,704
    That doesn't seem like a good deal at all. Too much money down for that payment.
    Only 10k miles? No deal there. :(
  • I am in NJ and received a lease offer on a 2010 base model TSX of:

    $2200 total out of pocket
    $375/month for 36 months/12,000 miles

    This is the final bottom line, inclusive of all taxes and fees.

    Sound good? Please let me know.
  • Just left the dealer, and I am thinking this over

    2010 base TSX, 36 months, 15 k per year, no money out of pocket besides first months payment and $80 for 2-year tags

    msrp 30120
    net cap 29199
    residual (61%) 18373.20
    money factor is .00243 (5.832%)
    total sales tax is 2144.16 My local tax is 6.35% which means that I am paying tax on 33766.29 (which I thought was odd)

    monthly payment of 465.05

    I know this is too high. My last lease (Volvo) had a money factor of .0013. We have mid 700 credit ratings, and I can't understand the higher money factor.

    You can play with the cap, residual, etc... but in the end it comes down to the mf.

    Can you give some guidance as to why the high mf. I know Acura finance sets a baseline and the dealerships work from there, but I feel like this is a too high.
  • kingpcgeekkingpcgeek Posts: 985
    I am sure that is the Honda MF, I don't believe they allow their dealers to markup the MF That's the way Honda operates, high residual, high MF or low residual, low MF.
  • That's what I kind of thought too, but I called Acura finance thinking maybe I could get a better rate directly through the Acura Finance, as we leased a TL a few years back, and the rep told me that they set the mf rate, and the dealers take it from there. Pretty much like a middleman mark up. I just cant get why the mf is so high here.

    Like I said Volvo was .0013 3.12%
    Our Sequoia was .0016 3.9%

    The difference between a 3.9 and a 5.8% is roughly $40 per month.
  • kingpcgeekkingpcgeek Posts: 985
    Looking through previous posts I see a MF of .00243 for a V6, so chances are the I4 at .00243 is correct.
  • I guess I will just have to get them to lower the price closer to invoice (26959). I think an offer of 28000 is respectable. I am sure they will have dealer holdback of about $700-1000, so they are still making money off the car.
  • Like you already asked though - the more important question is why are you paying tax on 33K ?
  • claweaveclaweave Posts: 25
    2009 TSX w/Tech: MF? 36/15 residual %?

    2010 TSX w/Tech: MF? 36/15 residual %?

    I'm trying to decide which I should purchase, the 2009 or the 2010.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi emeans39. The .00243 money factor that you were quoted to lease a 2010 TSX is right in line with Honda Finance's buy rate for this model. Acura is just not providing much in the way of lease support on this car right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello claweave. Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura TSX with Tech and 15,000 miles per year are .00243 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of an '09 TSX Tech are .00275 and 54%.

    When negotiating your lease on the 2009 TSX Tech, make sure to take advantage of the $1,250 dealer cash that is currently available on it. Acura is not providing any dealer cash on the 2010 model at this time.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • claweaveclaweave Posts: 25
    This is probably a stupid question, but the 2009 TSX w/ Tech money factor is higher than the 2010?
  • Do you have the current money factor and residual value for a 36-month lease of a 2010 Acura TSX with Tech and 12,000 miles per year (super preferred)? I want to see the difference from the 15,000 miles you've provided before. Thanks much.
  • kingpcgeekkingpcgeek Posts: 985
    add 2% to the residual
  • Hello - Did my time in the dealer chair today and still don't feel like I'm as low as I should be. Any thoughts would be appreciated. Also concerning, I put dealer numbers into the Edmunds lease calculator and the monthly is way off...why???

    Here's the final offer:
    4dr Sedan w/Technology Package (2.4L 4cyl 5A)
    10,000 Miles

    MSRP: 33,220
    Selling Price: $31,012
    Cap Taxes: 1,121.22??? (what is this?)
    Doc Fee: $189
    Acquisition Fee: $595
    Residual 61% = $20,264.20
    Money Factor = .000243

    Total Down payment: $1550.53
    Monthly Payment = $457.03

    When I put these same numbers into the edmunds calculator I get $426.36 per month. Any thoughts as to why?

    All help is greatly appreciated. Thanks
  • kingpcgeekkingpcgeek Posts: 985
    Cap Taxes: 1,121.22??? (what is this?)

    What state are you in? NY, IL & TX have special (unfavorable) tax rules on leases.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,881
    I'm thinking that "cap taxes" are taxes paid upfront that are capitalized into the monthly payments...

    Many states collect the sales tax upfront.... even some with relatively benign sales tax rates...

    Moderator - Prices Paid, Lease Questions, SUVs

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