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Acura TSX Lease Questions

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  • jenp123jenp123 Posts: 39
    I am looking into leasing a '07 TSX and I looked on Acura's Main web page and there are some attractive incentives going on right now. A non- navigation, TSX has a leasing option for $299 a month. Not all respective Acura dealers mention this information on their website, but if the information on Acura's main page, don't all dealers have to honor?
  • jenp123 said:

    "I am looking into leasing a '07 TSX and I looked on Acura's Main web page and there are some attractive incentives going on right now. A non- navigation, TSX has a leasing option for $299 a month. Not all respective Acura dealers mention this information on their website, but if the information on Acura's main page, don't all dealers have to honor?"

    In addition, what is anyone finding that they are able to negotiate further? I am very new to leasing. Any assistance would be helpful.
  • The current $299 deal expires on Feb. 5th. You have to wonder if they might improve it since President's Day sales are coming up in a month or so. Certainly to keep pace with other lucrative deals out there, they will have to do something.
  • Backstory:
    Ending wife's 2004 Jetta GL lease for something larger and more luxurious. The TL would've been great, but we didn't want to spend that much $$ even though my car payment is almost 500/month but will be paid off in a few months.

    Smithtown Acura Long Island, NY
    Henry Neil was the salesman, he was very nice and respectful as well as very well versed in the Acura product line. I've been to upscale dealerships where I was educating the salesman on some of the feature/options...
    My wife and I are young and we've been brushed off before elsewhere because they probably thought we can't afford their cars...i hate that!
    Anyway we decided on an 07 TSX, no navi, it turns out they still have the lease rates from the holiday program until 1-31! I was very excited to hear this because from what i've read here, they've been high

    MSRP 28,760
    Price Paid 27,560
    Term 36 months
    15k/yr
    MF .00127 (3% for super preferred 710+ FICO)
    First month's down, bank fee, plates, etc up front (~1100) No cap reduction otherwise.
    35x without tax, but I decided to pay the tax each month.
    It came out to 385/mo with ~1100 total laid out
    The only problem was color choice, seems the TSX has been selling well around here. We wanted white with the ebony interior, but there were none to be had so we took Black with the black interior and we're waiting for it to arrive.

    I'm excited to finally own a car with a sunroof, leather, heated seats and all the other entry-luxo stuff packed into the TSX. My WRX cost me 24k in 2002, but all that $$$ is in the drivetrain/suspension. Yes it's much faster than a tsx, but the niceties will be very welcome for my wife's daily driver and when i drive it. 27k is a pretty good deal for still being somehwat early in the 07 model year.
  • wrx_tsx- What was your Residual and how much are your taxes? That MF is really great, I may try to negotiate for that too.
  • Oh man I thought I was missing a detail when I posted this!
    for the 36month 15k/yr the residual is 59%
    NY state sales tax is 8.625 on a receipt i had laying around, for some reason i thought it was 8.75, close enough.

    I didn't have to negotiate anything on the MF. The salesman was reading right from acura's book thingy. I came home and looked here before buying to see what people were getting on a MF and the lowest I saw was .0016x from someone on the west coast. So I figured that .00127 is about as low as I've seen poking around these boards(hair over 3.0%) and that there wasn't a dealer markup, and even if there was it was still a killer rate.
    IIRC the TL had identical MF's...
    It was 34k msrp, 33k neg cap cost and 423 paying first months, fees and tax up front (roughly 460ish with NY tax rolled into the payment) I forgot the RV but it was 57 or 59 IIRC
  • mk2mk2 Posts: 27
    Car_man,
    Please let me know current money factor and residual for a TSX without NAV and with auto transmission. Looking to lease it for 36 months.
    Thanks
  • Hi Car_man,

    I'm also interested in these numbers for the car and term above with 12k miles per year.
  • biker4biker4 Posts: 746
    Cap Cost $27508 ($200 over invoice)

    The invoice is around 26,300.
  • mk2mk2 Posts: 27
    Here's what I'm getting from a couple of dealers in NJ for TSX without NAV and with auto transmission:

    Lease Term: 36 Month 10K
    Selling Price: $26,808
    Residual: 59%
    Money Factor: 0.00127
    Sales Tax: 7%

    Monthly Payment: 337.00 (tax included)

    Due at signing:
    First month payment: $337
    Registration: $254
    Document: $189
    Bank Fee: $595
    Total: $1375
  • Congratulations on your new car, cpa3. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride!

    Car_man
    Host
    Prices Paid Forum
  • Hi jenp123. Dealers are independent businesses and they are free to sell you the vehicle that you are interested in for whatever price you are willing to pay. Given the current market for vehicles like the TL, if you are in an area that has a decent level of competition you should be able to get at least as good a deal as the lease that Acura is currently advertising on this car on its site. In fact, manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. If one thinks about it, it makes sense. Dealers would be pretty annoyed if their manufacturer advertised the thinnest possible deal on a car or truck. Shop around for the lowest possible selling price for the TL that you want and then have the dealer that gives it to you calculate your lease payment using this car's buy rate lease money factor. you should be able to do at least as well as the advertised deal, if not better.

    Car_man
    Host
    Prices Paid Forum
  • Hi scottypimp56. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Basically the two main numbers that you need to focus on when leasing are your vehicle's selling price and the money factor that is being used to calculate its monthly payment. These are dealers' two main profit centers on leased vehicles. Negotiate the lowest selling price that you can on the TL that you want and then have the dealer that gives you that price calculate its monthly payment using Acura's buy rate lease money factor.

    Car_man
    Host
    Prices Paid Forum
  • Here's the information that you'[re looking for, mk2. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Acura TSX without navigation with 15,000 miles per year are .00127 and 59%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • Hi ductwin. See my previous post for this car's lease program. Its 12,000 mile per year residual value is 2% higher.

    Car_man
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    Prices Paid Forum
  • Hey I just signed the papers for a new 07 TSX w/navi and automatic trans. I'm just curious what kind of deal I got:
    36 months
    12,000 miles
    $3,000 down
    $322/month (all taxes and fees included)
    Also has a rear spoiler.

    I just want to know what you guys think. Thanks!

    (I live in Philadelphia, PA)
  • I leased an 07 TSX for $520 down and $366/mo for 36mo, 15k mi/yr. I probably could have gotten it down a little more, but it was close enough (should be able to get to $360/mo and $500 down).
  • I am seeing '07 TSX lease specials in Ohio for $299/mo./36 mos. with $1,999 down on models without navi. Good thru 2/28/07
  • I had posted on the help board as I am not sure how to proceed and am looking for opinions!

    I would like to lease a TSX. However, I have terrible credit do to awful decision making. Bills are all current and paid but I already did the damage.

    I have a small business that has done very well and I am able to pay from 12-14,000. The tax accountant that I have been working with said I need larger expenses and fast.

    I do not want to buy outright as I do not want to deal with lack of warranty and repair costs.

    Does anyone have any advice on how to approach this? I would like to do something like the SmartLease through GMAC but I am open to suggestions!
  • ewellsieewellsie Posts: 15
    What is the current going money factor and residual value for an 07 TSX Automatic with Navi and 12,000 miles per year?

    I'm currently trying to find out what it might cost me if I'm able to trade in my car for what I owe on it and simply lease a TSX with little down.

    Thanks for the help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ewellsie. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Acura TSX with navigation and 12,000 miles per year are .00127 and 60%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • ewellsieewellsie Posts: 15
    Thanks for the information.

    I'm printing out some paperwork now and I'm going to probably stop by an Acura dealer tomorrow, test drive a TSX and see what kinda deal they can cut me.

    My trade-in is holding me back right now, so I'll have to see what they can do about that. I owe almost $1000 less than the KBB so I'm hoping I can just part ways with it for the amount I owe without them trying to sneak it onto a lease.

    I'm going to try and get that negotiated and offer $28,600 for the TSX with those rates you gave me and a minimal down payment.
  • genixgenix Posts: 4
    Does anyone know if Honda's promotional rate of .00127 is available for the 6 speed manual version of the TSX?

    Also, what is the maximum amount of miles i can be allocated before being charged excess mileage? Is it 15,000 or is there an 18,000 option

    Thanks in advance :)
  • ewellsieewellsie Posts: 15
    Should I expect a similar money factor and residual value for an 06 TSX Automatic with NAVI and 12,000 miles per year?

    The local dealer seems to have a bunch of them and I may be able to swing a better deal and solve my trade-in problem with the leeway.
  • kyfdxkyfdx Posts: 31,128
    I doubt you can get a good lease deal on an '06 model.. If you want to lease, you should probably stick with the '07..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • lmp180psulmp180psu Posts: 393
    Hey Carman or kyfdx - I am thinking about leasing a TSX with Auto and no Navi, and have read the 'How to Calculate a Lease Payment' article on Edmunds. I made a spreadsheet based on the article and want to make sure the figures I am coming up with make sense. Do you think the cap cost is reasonable (no down payment included)? Thanks for your help!

    MSRP of Vehicle $28,760.00
    Miles per Year 15000
    Residual Value % 59%
    Residual Value $ $16,968.40
    Capitalized Cost $27,000.00 (above $5XX over invoice - I think it is fair)
    Depreciation $10,031.60
    Term in Months 36
    Mnth Depr. Payment $278.66
    Cap Cost + Residual $ $43,968.40
    Money Factor/Int 0.00127
    $ factor payment portion $55.84

    Lease payment (no tax included) $334.50
    Monthly Tax amount $20.07 (6% in PA)
    Total Monthly Payment $354.57
  • rujorujo Posts: 132
    I'm not Car man or kyfdx . . . but your spreadsheet calculations are spot on. Re cap cost: from reading other posts I'd say the cap cost is pretty good if it includes the acquisition fee - even better if license and doc fees are included! If no fees are included in the cap cost . . . I'd be trying for a bit lower price. Just my 2 cents. (And I'm personally interested 'cuz I feel I may be close to a TSX lease experience myself!)
  • kyfdxkyfdx Posts: 31,128
    Looks like you have it down pat.. :) I don't have the lease numbers for the TSX, but if that is what you got from Car_man, then you are good to go..

    I'm pretty sure there is an extra 3% tax on leases in PA.. sorry to say... :(

    As noted above.. you'll have an acquisition fee ($595?) and a security deposit..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • lmp180psulmp180psu Posts: 393
    Thanks for the info rujo. The dealer here has around 10 TSX w/out NAV and auto on the lot now, so I will see if I can get the price lower.
  • lmp180psulmp180psu Posts: 393
    Thanks kyfdx. Poo about the extra 3% tax....LOL At least it isn't an extra 3% on the price of the car or something...lol.
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