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You know what, a lease really does go fast, before you know it, you'll be looking to trade again. People who lease like myself, find ourselves forever drawn to leasing, but I am okay with it.
When my current lease is done, I totally see myself back to Honda/Acura and the TSX is on the list to look at. The only issue I see is the I am with GMAC, and I don't see myself getting out of the lease in 2yrs or so like I did with my Honda and had no problems. Oh well.
I was quoted a money factor of .00245 today. Trying for a 08 with nav. Priced at $26,913.00, 3 year, 12K, total drive off of $1,500.00, payment of $385 & tax. Here in So.Calif. - any good ???
Manufacturers often pull the plug on their lease support at the end of the model year when vehicles' residual values have fallen to the point that it becomes too expensive for automakers to provide attractive lease payments on them. Acura has already launched the '09 TSX so it pulled the plug on the '08 model's lease support a little earlier than it did on other '08 models.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Other than the waiver its security deposit requirement for returning lessees, I am not aware of any loyalty offers from Acura.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I was offered the following deal tonight on a 2009 TSX"
MSRP:29,675.00
36 months
10k miles
423.08 tax included. a month
Residual:20,475.75 = 69%
MF:.00250
Up front
1st month payment:423.08
Fees:129.25
when I put the numbers in the calculator, it doesnt add up. Yet, this is the offer I was given last night.
I just got an offer of the 2009 TSX w/ Tech Package
MSRP: 32820
36 months, 10k miles/yr
Residual value: 66%
MF: 0.0026
Upfront: 1st month payment + 299 dealer fees (595 acquisition fee rolled into monthly payments)
Monthly payment: 503 tax included
Tax here is 7.3%
The number coincident with what I got using an online lease calculator. Since the car is selling at MSRP I don't know if I can get a better deal or not. Maybe the 299 dealer fees can be negotiable, other than that, there's not much room to work around
MSRP-$29,675
Cap Cost-$28,400
12K Residual-68%
Money Factor-.00285 because I do not have a 720 beacon score for .00265 top tier.
Monthly payment with tax(6.25%)-$419 for 36 months.
The only money I owe up front is what I owe on my trade.
What do you think of this deal?
has anyone seen the current money factor and residual value on the new 09 tsx w/ the tech package?
thanks
Car_man
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MSRP 29,675
10K miles/year
$2799 down
69% Residual = 20475.75
MF = .0025
$377 tax included
Other terms:
Acquistion fee. 595
Documentation Fee 195
Cap Cost Recution 1898.05
Net Capitalized Cost 29575.17
Residual Value 20475.75
Total Depreciation 9099.42
Mothly Depreciation 252.76
Monthly Rent 125.13
Base. 377.89
I still think it's high considering $2799 down. Any thoughts appreciated.
I also got a quote for $449 for the Tech model using same terms, and they dropped it to $434 before I left.
I am no expert on car leasing but read quite some info about it lately and hope this can help.
The most important factor is missing here: "Purchase Price"! From your numbers, it looks like you are paying (leasing) for more than MSRP.
I think you should focus on:
1. Purchase Price: $invoice + dealer profit
2. MF: It is negotiable. The base rate should be 0.00235, try to search around for a correct amount. Anything above base rate is dealer's profit.
3. Document fee sounds high to me and I think it is negotiable. I usually paid around $45 in CA.
4. You should not put any down payment unless you really want to control your monthly payment amount. Your due at signing should be 1st payment + tax + ttl + fees.
5. optional MSDs (Multiple Security Deposits). After purchase price and MF are settled, ask if you can put down MSDs to lower your MF. You will get the money back when the lease is over. A friend just did this on her BMW, but
Again, don't negotiate monthly payment with dealers. Talk price and MF. Calculate the payment yourself with a lease calculator. Good luck.
~ugfwsh
thanks
MSDs is a good way to lower your MF and you can get your money back at the end of the lease.
Good call on the "don't negotiate monthly payments" thing. It's very important to secure the lowest sale price for the vehicle and only put money down if you really need to lower the monthly payments so it fits into your monthly budget. I personally wouldn't do it since in the event of an accident, you could lose a substantial portion of that down payment.
I guess the doc fee is capped to $45 in CA by law. If it is unreasonably high in other states, I believe it is still negotiable. If not, I would consider it as dealer's profit when negotiating the purchase price.
good luck!
And yes, the dealer quoted me a lower price on the TL. Said the TSX is in high demand.
36mo/12k - residual 65% - money factor .00245 on the 2009 TSX
OR
36mo/12k - residual 68% - money factor .00235 on the 2008 TSX
Yup, the 2009 seems like a bad deal right now.
Try not to negotiate monthly payments.. What you need to do is negotiate the lowest selling price for your vehicle, just like you do with a purchase. The moment dealers know you're leasing, they will play the monthly payment + down payment game with you. That makes it easy for them to hide extra costs into your lease. Get the lowest price possible and tell them no money down, just "inception fees". Assuming you have a great credit score, and a lower than MSRP negotiated sale price, your payments could be in the $350-$400 + tax range. Here is a lease calculator/formula for you to figure out your payments based on the numbers the dealer gives you.
BTW, my estimates assume a 36mo/12k mile per year lease.
Does that sound fair?
The reason I mention this is because the MF is way lower than the current rate...so it looks suspicious....btw, what is the sale price?
It is a closed end Honda Lease
The sales price was $1,000 off of $29,630
So was it a deal or no deal? Thanks
Dorothy
If so, what will they be for a 36 month lease with 12k miles per year?
Deciding between a TSX or an Accord ('08) LX-P or EX.
Are there '08 TSX available?
What about a <10K mis. '08 TSX for lease?
TIA
Is it the same process just a lower Cap Cost?
Thanks
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Do you know the residual and money factor for a 36 month 12,000 miles per year 2009 TSX lease?
Thanks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Acura TSX no nav package.
36k
36 months
Due at signing was first payment (35 more payments left)
$411 per month
Thoughts?
I think I am actually going to lease though. Was told $459 month for 36 months. nothing down.
Does anyone know if this is a good deal. Would love to get this done by next week