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2014 Acura ILX Lease Questions

Karen_CMKaren_CM Posts: 5,030
edited January 30 in Acura
Welcome to Edmunds discussion dedicated to 2014 Acura ILX leasing questions. Here you can find and discuss all the latest lease details for the 2014 ILX, including cap costs, money factors, residual values, acquisition fees, etc. Please post any leasing questions you have or any details you’d like to share about your own lease deals.

You can also research local dealer inventory and pricing, reviews, features, and specifications, on our 2014 Acura ILX page.

To see all forums discussions about the ILX, including earlier model years, please visit our list of Acura ILX discussions.


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Comments

  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 796
    Once again, I'm helping a friend shop for a new car lease (always a bridesmaid...)

    We're going to test drive the Acura ILX and TSX on Saturday. The 2014 ILX 'Base' has all the features that she needs and the dealer we're going to has plenty of them in stock, so it's the one we'll be looking at.

    Acura currently has two advertised lease offers on the 2014 ILX Base (they should come up with a designation for the base trim level). They are-

    $0 down, $0 due at signing, $0 first payment, 35 months @ $300/mo
    or
    $3,399 due at signing ($3190 down + 1st pymt), 35 months @ $209/mo

    The $0 down offer is obviously the best deal. Total of payments is $10,500 for the $0 down vs. $10,714 for the one with the down payment. The $0 first month payment on that offer equals the difference. The purchase price at lease end is the same for both also at $16,954 or about 63% residual. Why would anyone choose the one with the high (ridiculously high, IMO) down payment?

    These are for a 36-month lease and 10,000/miles per year allowance, $0.15/mile overage. Both also include the $800 Dealer Cash incentive already.

    So is the $0 down, $300/month lease a good deal? The net cap cost is $26,964 and Edmunds TMV is $26,245 (and $595 acquisition fee is included in the net cap cost, so that equals $26,840).
  • ken117ken117 Posts: 207
    When a lease is over or any time during the lease, a person can trade the vehicle at the dealer. Essentially, the vehicle is sold to the dealer who then pays for the vehicle at the residual value. That way there is no over mileage charge to worry about. I do it every two or three years.

    A person can also sell the vehicle to a third party. Pay the RV to the leasing company and pocket the difference. Once again, no over mileage charges to worry about.

    The only time over mileage charges become an issue is when the vehicle is returned to the leasing company. Some OEMs will waive some over mileage charges if a new vehicle is leased.

    Of course if a vehicle is leased at 10k a year and the actual use is 20k a year, there would be financial impact.

    The key is to lease the right car at the right time. Best to lease a vehicle with a solid resale history only when the lease is subsidized by the OEM with a low money factor.
  • I was quoted $1000 down $330 a month for a 2014 ilx base model with remote start and a deck lid spoiler. Is this a good price?
  • I got offer 2014 Acura ILX 2300 out of pocket and 250/mon.
    10k/3yrs
    MSRP 27795

    good deal?
  • MichaellMichaell ColoradoPosts: 7,354
    Please provide the following information for review:

    MSRP
    Cap cost price
    money factor
    Miles per year
    Lease term (24/36/48 months)

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  • MichaellMichaell ColoradoPosts: 7,354
    We will need the negotiated price of the car and the money factor provided by the dealership to determine whether this is a good deal or not.

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  • Hi ,

    One of my friend in Hawaii got this deal on Acura 2014 ILX base model

    10K Miles
    290 $/month for 36 months.
    560 $ due at signing (include 1st month payment)

    Is it good deal.
  • ssb_rlssb_rl Posts: 6
    Hi Everyone,

    Could you please post the current money factor and residuals for the 2014 ILX Hybrid with Technology Package?

    Thanks in advance,

    ssb-la
  • Today I got a quote from a dealer to lease the base ILX . The offer was $560 down and $ 300/month for 35 months and around $16,100 residual value . This is for 12,000 miles ..What do you think about this ? Is it a good deal ?

    Thanks,
  • Which package was it? Was it a base model or did it have the Tech Package, etc.? Do you have the sticker price of the car? Where are you registering the car?
  • Look people. The Acura ilx base national lease deal is zero down, 270 a month plus tax for 36 months. That's for an msrp of 27795 including dest. But the cap cost of the deal if you read the fine print is 25488 (Acura putting some $ in the deal) BUT - you can buy these cars for 24200 (as shown on true car in areas like NorCal) and probably cheaper than that. So that leaves you an extra grand a least to strip out of the lease deal. Or get some accessories.
  • I agree with zigster38 , you can buy it for the price he mentioned.
  • fair purchase price should be below 23500 for base model i got 3 dealers commited to that prices in socal area. the lowest is 23000 but i am waiting to see if somebody else could beat that.
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,743
    $23k sounds pretty good now ut bet if you wait a bit, they might come down a bit. Also, do they have all colors there? Here they only have silver or white in the base model and I am tired of silver and the white was just...meh, not any spark to it. I was just underwhelmed but you seem smitten which is great. just wait a bit and I think by the end of the year, you might see a price reduction to move an additional unit.
    Am in the process myself and found a demo Verano in the color I love and a slightly used Escape in a wonderful color that I am negotiating on right now. Leaning towards the Escape personally but would be just as happy with the Verano. I should know about the Escape tomorrow as it might just sell if I don't jump soon. But luckily, I don't have to, or need to do this. But I will decide on it tomorrow and if they come down to my price, I will pull the trigger and be done with it as my mind is swimming in numbers and options now...I've had enough!
    Good luck though!

    The Sandman

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • 2014 acura ilx base model; $24K, $36months @ 12 mi; 0.00015 money factor; $15565 residual; 0 down (excluding fees: avg $1470 with the BS fees)

    you asked for Tech package but this might give you an idea of how much to spend on the tech.

  • Is there any offer/incentives going on right now on base or tech package? I'm checking if I can lower the advertised price.

  • kyfdxkyfdx Posts: 30,539

    .00035 MF and 54% residual for the base model. 36mo, 15K/yr lease

    Tech package residual is 52%

    If you do the sign and drive lease, the MF is .00025 and the dealer covers the first payment.

    The advertised leases assume a dealer discount of $2250, and a gross margin of $930 on the base model, and $1780 on the Tech model... So, there is a little room to play with, and you might be able to negotiate a better deal.

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  • singsingsingsing Posts: 5

    Could you please give me the MF and residual on a base 2014 ILX on a 36 month 10k/year lease. I was quoted MF .00035 and a residual of 49% and a discount from MSRP of $2,892. Is there a different residual for a car in Hawaii? Thanks.

  • kyfdxkyfdx Posts: 30,539

    @singsing said: Could you please give me the MF and residual on a base 2014 ILX on a 36 month 10k/year lease. I was quoted MF .00035 and a residual of 49% and a discount from MSRP of $2,892. Is there a different residual for a car in Hawaii? Thanks.

    .00035 MF is correct.... 49% residual? That doesn't seem right.. I guess it's possible that they have different residuals in Hawaii... but, not likely. Are you sure they aren't trying to sell you a leftover 2013 model? (But, the 2013 model wouldn't have that money factor). 56% residual for 36mo, 10K/yr on a 2014 base ILX

    Also, I show $2500 of dealer cash on the ILX, so that discount is not great..

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  • sorgawsorgaw Posts: 5

    Hi kyfdx,

    Does Acura still have the sign and drive with only .00025 and dealer cover the first monthly payment?

    also could we combine the $2500 dealer cash with this special lease?

    Really appreciate it. Seems like the ILX does have good deal now.

  • MichaellMichaell ColoradoPosts: 7,354

    @sorgaw said: Hi kyfdx,

    Does Acura still have the sign and drive with only .00025 and dealer cover the first monthly payment?

    also could we combine the $2500 dealer cash with this special lease?

    Really appreciate it. Seems like the ILX does have good deal now.

    Sign and drive and .00025 MF are still in place. And, this offer does account for the $2500 dealer contribution.

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  • sorgawsorgaw Posts: 5

    Thanks Michael.

    My local dealer is selling the car for $23, 965, but still asked for $677 due at signing even though I told him about the $0 sign and drive. Is it normal or he didn't know how to structure a proper $0 sign and drive lease deal?

    Thanks.

  • MichaellMichaell ColoradoPosts: 7,354

    @sorgaw said: Thanks Michael.

    My local dealer is selling the car for $23, 965, but still asked for $677 due at signing even though I told him about the $0 sign and drive. Is it normal or he didn't know how to structure a proper $0 sign and drive lease deal?

    Thanks.

    Depending on the state, there may be some taxes and fees that cannot be incorporated into the lease amount and are due up front. The $0 sign and drive is a national program.

    Is there another Acura dealer you can check with?

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  • sorgawsorgaw Posts: 5

    Yea, I'll check with another Acura Dealer. BTW, I am in California.

    Thanks Michael.

    Another question, I am at the end of my current Honda lease, do I get the Acura Loyalty Advantage when I lease this ILX? Do I have to turn in the honda, or trade it in to the Acura dealer? Thanks.

  • MichaellMichaell ColoradoPosts: 7,354

    @sorgaw said: Yea, I'll check with another Acura Dealer. BTW, I am in California.

    Thanks Michael.

    Another question, I am at the end of my current Honda lease, do I get the Acura Loyalty Advantage when I lease this ILX? Do I have to turn in the honda, or trade it in to the Acura dealer? Thanks.

    Ask whichever Acura dealer you end up working with - you may quality for the loyalty advantage.

    If you wait until the end of the lease, you can return it to your Honda dealer. However, you may find that you have equity in it, so you could trade it in to the Acura dealer and use the equity as a down payment, or have it refunded to you as a check cut by the Acura dealer.

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  • davenotizedavenotize Posts: 10

    If anybody needs a good salesman in South Florida let me know, I bought my last 3 cars with him, and always beats the numbers I bring him, great guy to deal with.

  • needacar27needacar27 Posts: 3

    Can someone confirm the information below?

    Acura ILX Base (36/10k): Residual: 55% MF: 0.00015 Incentives: $2500 Dealer Cash

    Thanks!

  • MichaellMichaell ColoradoPosts: 7,354

    @needacar27 said: Can someone confirm the information below?

    Acura ILX Base (36/10k): Residual: 55% MF: 0.00015 Incentives: $2500 Dealer Cash

    Thanks!

    Correct.

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  • Hi I have never done lease before. I read several information about leasing on different places. I got two different quotes and something is missing in my understanding. Here is one quote. Ilx Base lease 36 months x 10k miles 2700 at signing, includes all cost and first month payment. 199 (plus tax) for remaining 35 months. Residual 15287 Now this is what I don't get. Lets say 2400 is initial cost (taking out taxes and other fees.) 2400 + (199*35) + 15287 = 24652 If I try to get loan on the car instead of lease, that would probably cost more than this. So how is that possible? Shouldn't lease cost more than a loan?

  • kyfdxkyfdx Posts: 30,539

    @humpty_dumpty said: Hi I have never done lease before. I read several information about leasing on different places. I got two different quotes and something is missing in my understanding. Here is one quote. Ilx Base lease 36 months x 10k miles 2700 at signing, includes all cost and first month payment. 199 (plus tax) for remaining 35 months. Residual 15287 Now this is what I don't get. Lets say 2400 is initial cost (taking out taxes and other fees.) 2400 + (199*35) + 15287 = 24652 If I try to get loan on the car instead of lease, that would probably cost more than this. So how is that possible? Shouldn't lease cost more than a loan?

    The only additional cost for a lease is the acquisition fee... Plus, in most states, less tax on the lease. (of course, if you are in one of those states, more tax is due, if you buy the car out).

    It all depends on where the manufacturer wants to put their incentives.. some, like to put them in a lease deal..

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