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2013 and earlier-Acura TL Lease Questions
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Still that sounds like a big increase in payment. Make sure that the dealer is selling you the TL Tech for a reasonable price, keeping in mind that there's $2,000 dealer cash on it right now.
Car_man
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The car I am considering leasing a 2012 TL with the advanced package. From what I understand when dealing with Acura, it is, this is the lease deal, take it or leave it but I could be wrong. If I did this, it would be with the option to purchase. The option price seems fair for a car that would have less than 30,000 miles on it.
For the above car it would be 446 a month with 3,000 up front but that includes the fist payment reg fee, doc fee and bank fee to Honda. All of that does not come up to 3,000 so the rest is money I am just handing to them which is hard to accept.
I am also finding out that there are a number of car companies out there that offer free. maint. for leases or at least oil changes. For example, Toyota which is Honda's biggest competitor offers 2 years free of all maint, not just oil changes. BMW and Volvo offer free maint. as well. That could save thousands in long run. Acura seems to offer nothing.
So, I am still confused on which way to go.
How does oil changes and rotating your tires saves you thousand in the long run?
Oil Change at Acura=aprox.$45
Tire rotation every 15K miles-local tire shop-approx $48
Intervals in doing these services- depends on your driving.
You right about the maintenance though. When comparing to BMW lease, Acura will cost you two oil changes per year + 15K miles and 30K miles service additional. Somewhere around $20 more per month ($40 x 6 = $240 + $150 + $300 = $690 divided by thirty-six months = $19) when compared to a BMW.
2012 FWD Base TL
$436 total out of pocket
$436 month for 36 months with 15k per year
any thoughts????
Robert
Car_man
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Here is what you do- either buy the car for the residual (maybe less than the residual)or if you have the new car itch, sell the car yourself for what KBB values it. With the proceeds, pay off Acura and pocket the profits-its that simple.
Rob
I am considering buying this Tl SH-AWD Tech
Buying price I was able to negotiate was 38779.99
Lease on this they were saying 500(including tax) and 3000 down. With 52% residual. Can you share some of your numbers so that I am in a better situation to negotiate. I have never leased before, so don't know much.
Thanks
Can you please post the current lease rates for JUNE for the Acura TL. THanks in advance.
There is a $2,000 cash incentive on this car. Make sure to take it into account during your negotiations.
Car_man
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Sticker (MSRP): $43,770
Minus Dealer Cash: $2,000
Minus Negotiations: $2,412.96
Agreed upon Sale Price: $39,357.04
Plus Acquisition Fee: $595
Plus IL Sales Tax: $3,027 (IL charges on full price of car )
Gross Cap Cost: $42,979.04
Minus Loyalty Incentive: $1,000
FINAL Adjusted Cap Cost: $41,979.04
Residual Value: $22,760.40 (52% based on MSRP)
Money Factor: .00096
Miles/year: 12,000
Monthly Payment: $596
DUE AT SIGNING:
1st Monthly Payment: $596
Title: $95
Registration: $99
Doc Fee: $186.39
Down Payment: $0
Total due at signing: $976.39
That's the deal. I basically got $5,412 off of sticker. Probably could've gotten a little more, but it was the only 6-speed manual within 250 miles so I had to jump on it!
This was my first lease so please give feedback if I did well. Car Man, what do you think about the deal?
Car_man
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Car_man
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I am new to here and trying to lease a 2012 Acura TL SH-AWD w/tech. Can you help to let me know the the MF and residual value for a 36-month and 10k/year lease?
Also, TMV of this car on demunds.com in my area is ~38,000, almost $6000 off MSRP. Do you think I can target such a selling price?
Thanks a lot
TL with Tech 12K/36 $400 + TAX
TL Base Model 12/36 $329.00
I have 09 TL with Tech right now. I still think the Tech package is overpriced and on a lease the lesee picks up the majority of the cost of it.
Rob
Thanks for the information. is this AWD? and what is the first payment of this offer?
What is the residual and money factor in June for a 48 month lease on a 2012 TL Base, 15,000 miles per year? Is it the same as the 36 month lease?
Thanks in advance!
As far as the selling price goes, if I was in the market for this car right now I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $2,500 dealer cash that is currently available on it.
Car_man
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I provided you with the 3 year numbers instead of the 4 year numbers because that is the longest term that Acura's special lease program on this model is available for. If you were to go with a 48-month lease, the money factor would nearly double to a much less attractive .00185.
Car_man
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Is it possible I may be eligible for $3,500 total in cap cost reductions on a lease?
My area is southwest FL, 33901.
Thanks!
Car_man
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$397.00 PER MONTH / 36 MONTHS
10,000 MILES PER YEAR
Zero Down
Plus BANK FEE, DMV FEES AND TAXES
There are so many different prices, ahh, wish someone can just tell me they leased one for like $380 a month total with $1,000 down total. Thank you all!
$1,000 conquest
$2,500 dealer cash
$2,500 negotiated amount of MSRP
Car_man
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I am starting my research for a TL lease and wanted to ask you a few questions.
I am looking at the base model which has an MSRP is $35,705 or $36.600 w/ destination which is $895 and an invoice is $33,527.
When you tell your readers the residual value of the vehicle in % terms, would this be based off of the $35,705 or do you include the destination charge as well.
I am looking at a 3 years lease and was wondering if you could give me the money factor and residual for a lease with 10,000 miles and 12,000 miles annually. Do you know if Acura finance has leases that are below the 10,000 annually? I ask because they sent me a loyalty letter with some type of program that allows me to carry forward unused miles from my current Acura vehicle.
Also, I see that there is $2,000 of mfg incentive $$ for the dealer and another $1,000 in loyalty money - are there any other financial incentives that I should know about - I did not see any others posted on Edmunds.com
Lastly - money factors to me seem like arbitrary numbers set by the manufacturer based on supply, demand and how many vehicles they are trying to move. Have you ever known anyone to try to negotiate down the money factor with the idea of reducing the lease price?
I think that's it. Sorry to pepper you with so many questions at once and thank you for your time and information.
I just thought of one more question for you. If I am trying to negotiate the price of the TL to about $500 above invoice, would I then need to add in the destination fee to this to get my final #?
Invoice is $33,527 so let's say I get the dealer to sell it for $34,000 would I still need to add another $895 for destination or does their invoice price include their destination costs?
Thanks again,
The Dealer quote is 47% seems quite low. The MF was .00096.
Deal offered was 3k off sticker plus 2500 plus 1000 loyalty
Reposting my questions from a couple of days ago and hoping you will have time to take a look and respond.
Starting my research for a TL lease looking at the base model which has an MSRP is $35,705 or $36.600 w/ destination which is $895 and an invoice is $33,527.
When you tell your readers the residual value of the vehicle in % terms, would this be based off of the $35,705 or do you include the destination charge as well.
I am looking at a 3 year lease can you give me the money factor and residual for a lease with 10,000 miles and 12,000 miles annually. Do you know if Acura finance has leases that are below the 10,000 annually - perhaps 7500 and if so, MF and residuals?
Also, I see that there is $2,000 of mfg incentive $$ for the dealer and another $1,000 in loyalty money - are there any other financial incentives that I should know about - I did not see any others posted on Edmunds.com
Lastly, I am trying to get the car for no more than $500 above invoice which is $33,527 so let's say I get the dealer to sell it for $34,000 would I still need to add another $895 for destination or does their invoice price include their destination costs?
Thanks for your help.
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Acura's current buy rate lease money factor and residual value for a 36-month lease of a base 2012 TL with 12,000 miles per year are .00096 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Yes, Acura does offer leases with 10,000 miles per year. Its residual values for that allowance are 1% higher.
Yes, the ability to carryover unused miles is a nice perk on Acura leases.
You seem to know about all of the cash incentives that are available on this car right now, the $2,000 dealer cash and $1,000 loyalty.
Dealers do not have the ability to alter banks' published buy rate lease money factors. That's as low as it gets.
Car_man
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Base your negotiations off of a $34,422, which is invoice plus destination.
Car_man
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The selling price that you were offered is excellent. And as I mentioned the lease program that you were quoted is right in line with Acura's current program for this car.
If you like the TL, I personally don't see any reason not to go for it.
Car_man
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Thank you for the information. It looks like if I can get the car at cost less the $3k incentives, my 36 month 12k lease before taxes will come in around $370 / month which seems like a very good deal. Still early on in the shopping process but if this is the price for a base TL, wow.
By the way, I got the lease payment by using the Edmunds manual lease calculator. Why is it that the dealer's computer always produces a higher lease payment than when I calculate it manually?
Have a good day,
Recevied one quote at $30,458 reflecting current incentives totaling $3k.
Crunched this figure to determine monthly payment.
Here is a breakdown:
MSRP: $36,660 with destination charge
Sale Price: $30,458
NYS/NYC Tax: $1,200.56 (8.875%)
MV Fees: $123.00
Grand Total = $31,781.56
Terms: 36 months
Mileage: 10k or 12k per month (excess to be rolled over from current lease)
Residual Value: 57% (current published on site)
Money Factor: .000096 (current published on site)
Looking to put zero down and have taxes rolled into payment. Willing to make the first month's payment and pay mv fees upfront.
Based on my calculations getting somewhere between $365 & $389.00 per month.
Is this realistic or am I missing something.
Thank you.
It's difficult to say why why the sealers are quoting you higher lease payments than what you are calculating on your own. I personally calculate lease payments using Excel and the formula that is outlined in the following article: Calculate Your Own Lease Payment.
If you're using the right formula then the payments should be the same, unless the dealer is including sales tax or some other charges in the payments that they quote you.
Car_man
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Getting out of my Toyota Camry 2010 SE V6 Miles on vehicle 21,000 from a 36 month 12,000 per year lease. 3 months left of payments at $329=$987.
This is what i was offered. Base Acura TL at $429 including tax 36 months 10k miles per year, no money down only first month payment and they pay the last 3 months on my lease. I think they can do better then that, any feedback, suggestions?
I was looking for a Acura TL Tech Package, but they are quoting me $480 including tax for that model.
Any help greatly appreciated.
Car_man
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Can you please update August lease money factor rates and residuals for a TL SHAWD with Tech for August. Looking to do a last day of the month deal. Thx.