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27,398 + 600 - 1600 = 26,398 not the 25,650 in your example
Would not count on getting KBB's trade-in value for your car. These figures are notoriously higher than what dealers are offering.
Thank you
Car_man
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Car_man
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Thanks for the info
Does Acura use the same residual percentages on TSX w/Technology Package as they do on TSX base? Like a few others on this forum, I am debating between EX-L Accord and TSX. I know Honda lowers residual percentages on higher level Accords. I am wondering if Acura does the same thing. If Acura 63 % across the board for 36 months, 12k, than is my math of $29.22 more per month correct at invoice pricing? Seems worth it...
$30224-invoice TSX/w Tech
$27381-invoice without
$2843 Price premium to get tech pack
X .37 (1-.63, essentially won't 63% of tech pack residualize?)
$1051.91 (amount actually paid for teck pack over 36 months?)
/ 36 months
$29.22 month plus tax?
No
Here are the residuals for each 15K miles/year
Base:
24 months - 68%
36 months - 62%
48 months - 52%
Tech:
24 months - 65%
36 months - 59%
48 months - 49%
Vehicle Price: $32,820.00
Preferred Customer Discount: -$2,500.00
Selling Price: $30,320.00
Sales Tax (estimate): + $2,508.25
Tag/Registration Fees (estimate): + $242.00
Tire/Battery/MVWEA: + $8.75
Other: + $28.00
Documentation Fee: + $55.00
Flat Add/County Fee: + $30.00
Balance Due (estimate): $33,192.00
Cash Due at
Signing 36 months
12,000 Miles
$841 $473
$875 $472
$1,100 $465
Note : PAYMENTS INCLUDE TAX AND LICENSE PLUS A PRO PAC WHICH IS WHEEL LOCKS ,MUD GUARDS AND TRUNK TRAY
Since, apparently, you can lease a base TSX for "around" $400
Preferred discount? What is that? No such thing, come on..lol. I think the info they provided is not too off, but I feel the sale price could be worked more, and lose all the down payment numbers until the end, dealers love to throw us customers off with down payments. Then once you get a "realistic" deal, then if you want to put some money down, then do it.
The deal looks better WITHOUT ANY MONEY DOWN, as you can get a base model for the lower $400's. Since you said I think the navi is $2k more, which is $40-60 more a month, on top of a base lease. Be careful. Remember, don't make a move on just 1 quote, get multiple quotes via Acura.com from dealers.
See dealers love to confuse you, then you get so crazed that you just sign..lol
Car_man, could you please shed some light on this, as I am looking at this same dilemma, Accord or TSX.
Unfortunately, I am stuck in a GM car lease now, I am hoping to have the lease transferred. Maybe, I will drive the car until Spring, then get the TSX. Heck its almost December, before you know it, it'll be after New years, Maybe they'll be better deals on the TSX. I wouldn't want to get my new TSX in crappy snow anyway..lol.
Car_man
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Car_man
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Having said this, I just checked and the selling price that you were quoted is indeed right around invoice. The invoice price for an '09 TSX with an automatic transmission and the Technology package is $30,242. You might be able to squeeze another $100 or so out of the deal, but this is close to as good as it gets on this model right now.
Car_man
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Car_man
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But, the Accord quote was coming from a very stingy dealer! Bob Rohrman!
Buyer Beware?!
When you have some time, wondering if you could provide the December MF and Residuals for 2009 TSX base model for 15K miles/year, for 36 months. Also, if I decide to go with a 2008 model, how much do you think it might be discounted?
Thanks so much for your assistance.
Jackie O
Ok there is a new deal in town $309x36x10k +TAX w/ $3500 down for 2009 TSX base
MSRP $29720
If I were to get it for $27,500 just a bit above invoice and put only $3000 down for a 36x12k
what would be my payments???? with a credit 700-720 Please help
Your Special Internet Price for the 2009 Acura TSX Base model Automatic is $27,995.00. For the 36 months lease/12000 miles a year with total $3,000.00 down, the lease payment is $375 with 35 payments remaining. Residual is 64% after 36 months, money factor is 0.00263 and $595.00 acqu fee.
Not sure if it tax included, I e-mailed the guy waiting for an answer.
Getting ready to hopefully make a deal to lease a new TSX base model this month. Does anyone happen to have the December money factor and residual for 36 month/15K per year rates? Any info is much appreciated.
Thanks,
ttam5487
Residual = 62%
Ask them what it is for no money down - generally agreed that you should never put anything down on a lease. Only thing you should pay is the $595 acquisition fee and the first month's payment.
36 Mo - 10K per year
$2300 down
$447 per month
The monthly price seems high? Anyone???
First off, what was the sale price offered? You can get a loaded Accord with all options for much lower than that now... Lol, that is hilarious, get email quotes,
Acura.com, request a quote, try more than 1 dealer.
Wow,lol
Anyway, just hate car salesman, can't believe a word they say!
Thanks.
The Tech model has the same money factor, however the residual is 59% instead of 62% for the base model.
Just read that America Honda lowered the money factor on the TL today. Maybe they will do the same for the TSX!
Acura TSX base
$355 a month
36 months
10k a year
$0 down
First payment due.
I really want this car, unfortunately I am stuck in an 08 GM car. Perhaps spring I will be in a better position.
My 07 TL lease is up in mid-January. Got a call from the guy who leased me my TL to talk about my options for a new car. I want to lower my payment to below 350 a month for 36 months, 10k miles a yr (i'm in NYC area). So I was ready to start looking at cheaper cars (Hondas, Toyota's, etc). But he said "we can work something out for the TSX".
1) Whats the best deal I can get in NY on 09 TSX w NAV, 36mnths, 10k miles
2) He also said that the residual factor will decline by 3% if I wait till January, is this true or total BS?
thanks, love this forum.
I spoke with 4 dealerships and everyone is willing to sell at invoice or little above invoice as they are flooded with vehicles and wants to get rid of their inventory.
Good time to purchase a new car....
If I was in the market for an '08 TSX, I personally wouldn't may any more than dealer invoice minus the available dealer cash.
Car_man
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I worked up a zero down lease for you because it is in your best interest not to make any sort of capitalized cost reduction when leasing. Consumers who make one risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. If you really want to make a $3,000 cap cost reduction on this lease, it would drop the car's monthly payment to around $267.
I used Excel and the formula that is described in the following article to calculate these payments: Calculate Your Own Lease Payment.
Car_man
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Car_man
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Let's crunch some numbers and see what a good lease payment would be like on the car that you're interested in. For now I will assume a selling price of $500 over dealer invoice. According to my calculations, if you were to lease a 2009 Acura TSX Tech AT that has an MSRP of $32,820 and a selling price of $30,741 through Honda Finance right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $424 assuming that you qualify for its top credit tier.
I don't see how the dealer is going to be able to get you into this car for less than $350 per month, especially once tax is added in. Perhaps they'll try to steer you towards a base TSX or ask you for a large down payment...which is never a good idea.
Car_man
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Car_man
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I posted this in the "prices paid" thread, but maybe it's better suited here. I would love your input. I have been quoted the following on a 2009 TSX without the tech package.
36 Months, 15K miles per year.
$385 a month
$595 Bank Fee + $385 (first pmt) + DMV Fees (under 200) would be due at signing.
The $385 figure is based on a negotiated sale price of $26950, which I believe is $450 below invoice. I really wanted to try and get the payment down to $379, but this means they need to drop another $200 off the price of the vehicle. I also want them to throw in splash guards, wheel locks, the trunk tray and 2 yrs of oil changes as they did on my previous lease. Right now, all they are offering is the $385 a month, with none of the extras. I've had another dealership quote me at $419 per month over the phone. Am I crazy to be seeking a better price on this car? Is $450 under invoice considered a "steal". I don't know what to do.
What about the bank fee? Is it normal to pay this up front?
How much lower can I lower my payment if I would accept a demo model?
Also, I read in some Nissan posts that they have a loyalty incentive for repeat customers. Do Acuras have any of that?
Will yesterdays decision to drop the fed funds rate reflect in lower money factors for the industry in general and 09' TSX with NAV specifically ?
Can you provide the details behind the zero down $358 per month payment that you mention. I have a spreadsheet build and I am very experienced at leasing, but I can not make the numbers work. What money factor, residual %, etc are you using?
I am considering buying. Do you think the 2.9% financing will go away in January?
Honda Finance charges a $595 acquisition fee on every vehicle that it leases. Lessees can either pay this fee at lease signing or have it added into their vehicle's capitalized cost to bake it into their monthly payment.
Car_man
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I do not believe that Acura is currently providing any cash incentives for loyal customers on the TSX.
Car_man
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