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Acura TSX Lease Questions

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  • Thanks carman. The downfall is there aren't any 2013s locally in LA. I even looked in Arizona but the 2012 inventory is still high.

    FWIW locally in LA I was quoted $307 plus tax w $1000 drive off. The numbers for a tech were horrible at $417 plus tax w $1000 drive off. These were for wagons.
  • cpz1cpz1 Posts: 5
    Can you please tell me the residual value and the money factor for February, for 2013 Acura Special edition auto 15K, 36 months, NY ?
  • You're welcome chuckjr. Interesting that there's so many 2012s still out there. Most models are well into the 2013s. In fact, there's even some 2014 models out already :surprise: .

    Car_man
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  • Here's the information that you're looking for cpz1. Acura's February buy rate lease money factor and residual value for a 36-month lease of a 2013 TSX Special Edition with 15,000 miles per year are .00011 and 57% for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • gflan33gflan33 Posts: 2
    Hey carman! I'm looking to turn in my 2010 TSX a few months early and get the new TSX with Tech. Any information to help me negotiate would be appreciated! Manufacturer incentives? Dealer incentives? current lease money factor? residual value?

    My first quote for 10k/year was $0 down, $430/month for 36 months. From MSRP 34505 with 19,667 left after the 36 months. They also quoted $1,972 in fees I haven't seen broken down yet, but agreed to pay about $1,050 between the 2 months left in my previous lease and the first month of this proposed lease. That left me with $1,541 in fees due at signing.

    That puts the total cost to own at around $35,250

    Thanks for any help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gflan33. Unless Acura is running some sort of official early lease termination program that I am not aware of or your car is worth significantly more than its lease-ed purchase option price, you probably would be better off waiting until the scheduled end of your lease to get something new.

    Through March 4th, Acura's buy rate lease money factor and residual value for a 36-month lease of a 2013 TSX 4-cylinder Tech with 10,000 miles per year are .00011 and 57% for consumers who qualify for its top credit tier.

    Acura is scheduled to introduce its new March programs on the 5th. Please feel free to post a reminder for me in this discussion and I'll be happy to provide you with an update.

    Acura is not providing any cash incentives that I am aware of on the '13 TSX right now, but that may change.

    Car_man
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  • chanshivchanshiv Posts: 3
    Car_man,

    Can you provide the details for 2013 TSX with tech? Thanks!
  • chanshivchanshiv Posts: 3
    With $2,500 total out of pocket, 10k a year, on a 2013 Acura TSX Tech, the payments will be $338 tax included. Is it a good deal? Thanks!
  • gflan33gflan33 Posts: 2
    Thanks for the info! If you get a chance, could you explain how it would be significantly better to wait until the end of the lease? It seems to me that if we know the lease is coming up to end with such a low buy-out price we could work with that information now instead of waiting a couple months for the lease to end.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go chanshiv. Acura's March buy rate lease money factor and residual value for a 36-month lease of a 2013 TSX 4-cylinder with Tech and 15,000 miles per year are .00046 and 54% for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gflan33. The problem with trying to get out of a lease early is that unless the bank that you are leasing through is running some sort of official early termination program, there is a very good chance that you will be on the hook for all of your remaining payments on your current lease. Banks usually don't just let consumers out of their lease contracts several months early for free.

    Having said that, if your current TSX is worth significantly more than its end-of-term purchase option price then there's a chance that you could get out of it early for free. Usually this proves to be the exception to the rule.

    Car_man
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  • sergeymsergeym Posts: 262
    edited March 2013
    Almost.
    Need to know what is the sales tax in your area?
    I also would not suggest putting any money down, all fees and taxes should go into the monthly payment.
    With the above in mind you are paying about $407 per month for 10K miles per year. I would like to see $390-$395 per month for 10K miles per year with all fees included in the monthly payment.
  • Hello carman!

    I've been reading thru this thread and it has been very helpful, but this is my first post. I'd like to lease a 2013 TSX sport wagon, base model (no tech package). My initial offer for a 10,000 mile a year 36 month llease was $393 / month with no money down, no first month payment (35 month lease technically) and $219 due at signing for registration, title, docs, etc. This includes taxes on the monthly payment, which are 9% in the state of PA.

    I was able to negotiate this down to $381/ month with all else remaining the same. The residual is 61% and cap cost would be under 32,000.

    Does $381 / month for 35 months including taxes with $219 due at signing and no other money down seem like a good deal? It didn't seem like the dealer was willing to go any lower without me putting money into the deal which I'm not willing to do. They also said this would be an invoice deal for them, but I'm not sure that they are going the whole way down to invoice....I thought that was closer to $31,000. Any help would be greatly appreciated.

    Thanks,
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome toonice430. You definitely find out this car's exact selling price. You can then compare it to the dealer invoice price that is listed here at Edmunds.com, in the New Vehicle Pricing section of the site. I personally wouldn't pay more than a couple hundred dollars over the invoice price that is listed here. Let me know what thus number is when you find it out and I'll be happy to tell you what I think.

    Car_man
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  • Thanks for your reply. The starting cap cost was $32,264 with their first offer was $393/month, no money down.

    They said that they could knock around $388 off the car, but they did not show me the new cap cost in writing. Blamed it on a bad printer. I am going to ask that he confirms the cost to me, but by my calculations it would make the cap cost of the lease approximately $31,875. This is still about $1,000 over invoice price for the car listed on edmunds.

    I'm going to continue to negotiate, there should be more room, even though they said this was the best they could do. I will post my results.
  • Car_man,

    The salesman got back to me with the below. Does this seem like a good deal for a 2013 Acura TSX Sport Wagon / no tech package. Does the deal invoice of $30,863 include the acquisition fee? Please see below:

    The deal we are offering you is a capitalized cost of $31,700, including the acquisition fee. That results in your payments being $380 (including tax) a month with only tag and title fees due at signing ($219.05). We are $563 under the advertised Capitalized Cost. You will also notice that it says dealer contribution may vary. This is to promote the idea of paying more than the advertised lease. We have not only matched the skinny deal advertised, but we have superseded it. I can assure you that you are being offered a great deal. A $32,755 Acura for $380 a month with NO money into it. Plus we are making your first month's payment.

    The total discount from us is $1,650 + first month payment $380 for a total discount of $2,030.
  • zack82zack82 Posts: 42
    Car man,

    Can you supply the residual and money factor on a 2013 Special Edition TSX for a 3 year, 10,000 mile lease as well as a 3 year 12,000 mile lease? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome toonice430. $1,000 over invoice still seems a little much to me for a TSX. If you're in an area that has a decent level of competition I would shoot for $500 or so over.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello zack82. Acura's current buy rate lease money factor and residual value for a 36-month lease of a 2013 TSX Special Edition with 12,000 miles per year are .00046 and 59% for consumers who qualify for its top credit tier.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    Car_man
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  • ajpbf7ajpbf7 Posts: 67
    Hi Carman,

    Could you post the MF and residual for a base TSX for 24 and 36 months with 10k per year? Any incentive money on this car right now? Thanks very much.
  • jpolo2jpolo2 Posts: 2
    I received an offer of $399 per month for 36 on a 2013 TSX Tech with $500 at due at signing including first months payment. 12k miles per year. Does this sound like a fair deal?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Certainly ajpbf7. Acura's current buy rate lease money factor and residual value for a 24-month lease of a base 2013 TSX with 10,000 miles per year are .00046 and 67% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00046 and 60%.

    Acura is currently providing a $500 cash incentive on this car. Make sure to take it into account during your negotiations.

    Car_man
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  • tifightertifighter WAPosts: 1,391
    Car Man-

    I can only imagine how long your 'My Watched Items' list must be.

    I humbly request MF and residual for the TSX wagon w/Tech for 24 and 36 mos if possible. Thanks for the help.

    15 Leaf / 08 RDX

  • bzwerlinbzwerlin Posts: 4
    edited May 2013
    Car_man,
    can you help with an offer evaluation for a 2013 TSX Base lease and let me know if this is a good deal:

    Initial Cap: 28.5k
    Acquisition: $600
    Delivery & Handling: $470
    $30 title
    Cap reduction $625
    Total Capitalized Cost 28,900
    Resid: $18,843
    Pmt: 302 before tax
    1st payment upfront included in $1k upfront costs

    MF is spot on with the forum at .00046 as is resid @ 60%. Dealer is telling me this offer is $1500 under their invoice of $30k (28,719+895 dest+400 advertising) and they cannot come any lower. I'd like to see them come down another $500. Comparatively, BMW and Volvo have some stellar leases out there (S60 & 320i) which meet/beat this deal's pricing, but are a brand improvement and neutral feature trade==>shouldn't Acura be more competitive than a luxury brand?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    HA tifighter. I watch everything ;) .

    Acura's May buy rate lease money factor and residual value for a 24-month lease of a 2013 TSX Wagon with Tech and 15,000 miles per year are .00046 and 62% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00046 and 55%.

    When negotiating your deal, make sure to take advantage of the $500 cash incentive that is available on this model.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bzwerlin. The dealer invoice price of a base 2013 TSX Sedan is $29,614. If we subtract the $1,000 cash incentive that is currently available on leases of this car from that it drops to $28,614. This deal looks like it's a couple hundred dollars over invoice, not $1,500 under, but it's still a good deal.

    I don't think that a Volvo necessarily should command a premium over an Acura, but a BMW certainly should. I would rather have a 3-Series than a TSX.

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  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 796
    "I would rather have a 3-Series than a TSX."

    Car_man- I totally agree with that statement, but only if add the phrase "as long as it (BMW) is under warranty!"
  • robtroxelrobtroxel Posts: 103
    I agree. The three series is a totally different experience and a good one as long as you are under warranty! The TSX is a fine car but more Honda in experience which is not a bad thing for reliability etc. I think the TSX is a little "long in the tooth"
  • bzwerlinbzwerlin Posts: 4
    Thanks igozoomzoom and Car_Man. An extra set of eyes always helps. Drove the 320i base last weekend and I must say it drives fantastic. not sure we will go that road as ultimately we would flip to a finance and I don't want long term repairs on a bimmer to be sure. But it is great pressure on Acura in addition to your feedback on the pricing overall. I appreciate the feedback and insight of this community. Thanks all, will keep you posted.
  • bzwerlinbzwerlin Posts: 4
    BTW, last I read there was only a $500 incentive on the TSX. When did they roll out the $1k incentive on leases? is that posted anywhere?
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