2016 Acura ILX Lease Questions

Michaell

Ask your 2016 ILX lease questions here!

amrm

Anyone getting any luck with leases this month with Acura dealereships?

I'm looking for a 2016 ILX Premium (30820 MSRP from what they tell me). They told me MF is an insanely low .00035 and the residual is 57%. Their fees (Cary NC) come out to 1091. I want to do 0 down. NC tax is 3%. They insist the lowest they can do is $350/month. 36 months.

I'm a returning customer and was hoping for a better deal. My previous deal (2013 ILX Premium 6MT, 63% residual, .001MF, 700 less MSRP than 2016) came out to be a 2500 down and 255/month. Which is roughly 320/month. But it was a 39 month lease and they're only doing 36 now. Maybe that's it?

By the numbers they are giving me this year, an online lease calc spreadsheet gives me 322/month with 0 down. Anyone have any idea where the $30/month difference is coming from?

My very anxious to sell sales rep was more than willing to let me walk out the door this time compared to 3 years ago. Did I just need to go at a later time in the month? Should I try next month when maybe there is a better deal?

These are all 10k miles

Michaell

amrm said:

Anyone getting any luck with leases this month with Acura dealereships?

I'm looking for a 2016 ILX Premium (30820 MSRP from what they tell me). They told me MF is an insanely low .00035 and the residual is 57%. Their fees (Cary NC) come out to 1091. I want to do 0 down. NC tax is 3%. They insist the lowest they can do is $350/month. 36 months.

I'm a returning customer and was hoping for a better deal. My previous deal (2013 ILX Premium 6MT, 63% residual, .001MF, 700 less MSRP than 2016) came out to be a 2500 down and 255/month. Which is roughly 320/month. But it was a 39 month lease and they're only doing 36 now. Maybe that's it?

By the numbers they are giving me this year, an online lease calc spreadsheet gives me 322/month with 0 down. Anyone have any idea where the $30/month difference is coming from?

My very anxious to sell sales rep was more than willing to let me walk out the door this time compared to 3 years ago. Did I just need to go at a later time in the month? Should I try next month when maybe there is a better deal?

These are all 10k miles

I confirm the 57% residual for 36/10 as well as the .00035 MF.

What selling price have you been able to negotiate? Without knowing that, we won't be able to model a payment for you.

amrm

Sigh, I knew there was something I completely forgot to mention. Thats the one detail I can't remember too well. I believe the discount off the MSRP was $3680, even if I use $3500, I'm still getting much lower monthly numbers.

So let's say 27320 to be conservative.

Michaell

amrm said:

Sigh, I knew there was something I completely forgot to mention. Thats the one detail I can't remember too well. I believe the discount off the MSRP was $3680, even if I use $3500, I'm still getting much lower monthly numbers.

So let's say 27320 to be conservative.

That gets me a payment of $286.62/mo before tax.

jett456

What are the lease incentives going to be for October?  Is it too early?   I got a letter from Acura stating they will waive 3 months of payments.  My lease is up end of Dec. so I can lease a new one at the end of October.  I want to keep my payment at approx.  300 including tax, 10000 mi, 0 down for a premium.  I would even do a base model for less but I am disappointed that it has less features than a Honda LX.

Michaell

jett456 said:

What are the lease incentives going to be for October?  Is it too early?   I got a letter from Acura stating they will waive 3 months of payments.  My lease is up end of Dec. so I can lease a new one at the end of October.  I want to keep my payment at approx.  300 including tax, 10000 mi, 0 down for a premium.  I would even do a base model for less but I am disappointed that it has less features than a Honda LX.

No clue what will happen to the numbers next month; we just got the latest September numbers yesterday.

Danramsey

Can you share the MF and residual figures for the 2016 ILX base and premium? 36/10k. Thanks

Michaell

Danramsey said:

Can you share the MF and residual figures for the 2016 ILX base and premium? 36/10k. Thanks

Base - 58% and $1750 lease cash
Premium - 56% and $2500 lease cash

.00034 MF for both

xmjx

Anyone have mf and residual for an ILX Premium 36/15? Any incentive cash? Thanks!

jett456

I believe the incentives are 2500 plus $1000 loyalty f you are already an Acura customer. THE MF changed from .00024 to .00034 after the $1000 because it no longer qualified as no money down (.00024). They also charged tax on it. Residual was 56% I got a price of $294 per month including tax for premium but that is with 10,000 mi. Be sure to tell them you don't want the VIN etch.

Michaell

xmjx said:

Anyone have mf and residual for an ILX Premium 36/15? Any incentive cash? Thanks!

.00034 and 53%. $2500 lease cash.

MiguelLira

I'm looking to lease a 2016 ILX base model in NY. Could someone post the January numbers for 36/12K? What are the money factor and residual? Are there any current incentives? Thanks in advance.

Michaell

MiguelLira said:

I'm looking to lease a 2016 ILX base model in NY. Could someone post the January numbers for 36/12K? What are the money factor and residual? Are there any current incentives? Thanks in advance.

55% and .00011. $2000 lease cash.

tomjr88

12k/36 months new jersey whats mfrate and residual for ilx base?

Michaell

tomjr88 said:

12k/36 months new jersey whats mfrate and residual for ilx base?

53% and .00011. $2000 lease cash.

jamz123

Wondering if these numbers look right for August and anyone able to get much of a better deal knowing they are trying to get rid of 2016s to make room for 2017s. I'm in Dupage County Illinois.

MSRP $33840
Sell $28,208
Redidual $16,920 or 50%
MF .00011
New Plates, Doc Fees, and 1st Month (no other money down) $752
Monthly Payment $362

Dealer said they will try to get me as close to $350 a month knowing I want to be within that range. I haven't negotiated anything yet and wanted to do some research first. Going to aim to get below $350 and leave there paying nothing upfront. Dealer said the sell price was all incentive reduction. More wiggle room? Thoughts?

Michaell

jamz123 said:

Wondering if these numbers look right for August and anyone able to get much of a better deal knowing they are trying to get rid of 2016s to make room for 2017s. I'm in Dupage County Illinois.

MSRP $33840
Sell $28,208
Redidual $16,920 or 50%
MF .00011
New Plates, Doc Fees, and 1st Month (no other money down) $752
Monthly Payment $362

Dealer said they will try to get me as close to $350 a month knowing I want to be within that range. I haven't negotiated anything yet and wanted to do some research first. Going to aim to get below $350 and leave there paying nothing upfront. Dealer said the sell price was all incentive reduction. More wiggle room? Thoughts?

With those numbers, I get $319/mo plus tax. What is the tax rate where you live?

And, confirm the adjusted cap cost - if higher than the selling price, find out what's been added.

jamz123

Thanks for the quick response. Tax is 7.25%. I'm still waiting to get an answer on the adjusted cap cost. They did respond and say $4000 in incentives was taken off from the MSRP.

Michaell

jamz123 said:

Thanks for the quick response. Tax is 7.25%. I'm still waiting to get an answer on the adjusted cap cost. They did respond and say $4000 in incentives was taken off from the MSRP.

Tax takes my payment to $342/mo - still a bit of a gap to the dealer quote of $362/mo. About $700, more or less.