2016 Acura TLX Lease Questions

newgraddallas

Hello,

Firstly thanks for the info posted on this group!

I would like the MF, Residual Value, and all incentives(lease cash, conquest cash) available to the dealer for Texas, esp the DFW area.

TLX 2.4 base and TLX 2.4 tech. 10k and 12k miles. 36 mos.

I should also be eligible for $500 recent college grad. I graduated on Dec 2015, started my first job in Jan 2016

kyfdx

newgraddallas said:

Hello,

Firstly thanks for the info posted on this group!

I would like the MF, Residual Value, and all incentives(lease cash, conquest cash) available to the dealer for Texas, esp the DFW area.

TLX 2.4 base and TLX 2.4 tech. 10k and 12k miles. 36 mos.

I should also be eligible for $500 recent college grad. I graduated on Dec 2015, started my first job in Jan 2016

Base: .00070 MF and 60%/59% residual. $1000 lease cash
Tech: .00070 MF and 58%/57% residual. $2000 lease cash

$500 loyalty/conquest cash.

jpbran

Interested in lease info on a '16 TLX Tech 4-cyl, 24mo/15k. So I guess same as above but with 15k miles. Thx in advance!

Michaell

jpbran said:

Interested in lease info on a '16 TLX Tech 4-cyl, 24mo/15k. So I guess same as above but with 15k miles. Thx in advance!

.00070 and 62% for 24/15

$2000 lease cash; $500 loyalty or conquest cash.

davetpa

Look for MF and residual for  2.4 Tech in Florida. Also any lease cash, rebates, etc..
Thank you.

kyfdx

davetpa said:

Look for MF and residual for  2.4 Tech in Florida. Also any lease cash, rebates, etc..
Thank you.

.00070 MF and 55% residual for 36 mo, 15K/yr. $2000 lease cash. $500 loyalty/conquest cash

he23miami

Hey guys,

Thank you for all you do on here... much appreciated! Looking to lease a 2016 TLX...

I am comparing between the 4 cyl. Tech vs the V6 Tech. 36 mo. at 12K/yr. Can you please provide the MF and Residual for both? I am in South Florida.

Also, please list any lease cash and/or incentives for March? Any idea if April might be a better time to lease based on available numbers? Thank you again!

kyfdx

he23miami said:

Hey guys,

Thank you for all you do on here... much appreciated! Looking to lease a 2016 TLX...

I am comparing between the 4 cyl. Tech vs the V6 Tech. 36 mo. at 12K/yr. Can you please provide the MF and Residual for both? I am in South Florida.

Also, please list any lease cash and/or incentives for March? Any idea if April might be a better time to lease based on available numbers? Thank you again!

.00070 MF and 57% residual. $2000 lease cash + $500 loyalty/conquest cash. Either model.

Current program is scheduled to run through 05/02/2016.

capsfan27

Got a quote for a lease today, wanted your input

2016 TLC 2.4 with Tech Package
3 year, 10k miles per year
MSRP $36690
Negotiated Price $32950
Rate .00070
Residual .58
ACQ Fee $595
Cash $500 (loyalty reward?)
Gov Fees $269.90
Taxes $1995 (live in MD)
Doc Fee $300
Initial Payment $500 (from the cash thing before?)
Adj Residual $21280.2

35 payments $450.71 per month

Feels a bit high to me. I brought up the 2k lease cash and it didn't seem they knew about it. Not sure what Gov and Doc fee is.

Michaell

capsfan27 said:

Got a quote for a lease today, wanted your input

2016 TLC 2.4 with Tech Package
3 year, 10k miles per year
MSRP $36690
Negotiated Price $32950
Rate .00070
Residual .58
ACQ Fee $595
Cash $500 (loyalty reward?)
Gov Fees $269.90
Taxes $1995 (live in MD)
Doc Fee $300
Initial Payment $500 (from the cash thing before?)
Adj Residual $21280.2

35 payments $450.71 per month

Feels a bit high to me. I brought up the 2k lease cash and it didn't seem they knew about it. Not sure what Gov and Doc fee is.

If I add in the taxes and fees to the selling price, I get $452.11/mo, so pretty close to your quote.

Doc fee goes to the dealer; not sure what Gov fees could be - ask the dealer about it.

capsfan27

Thanks Michaell. Does that car qualify for the 2k lease cash as well? Based on previous posts it looks like it does. I've tried searching for anything about that and have come up empty, and it seems like I'll need to show them something to prove that it's a thing.

kyfdx

capsfan27 said:

Thanks Michaell. Does that car qualify for the 2k lease cash as well? Based on previous posts it looks like it does. I've tried searching for anything about that and have come up empty, and it seems like I'll need to show them something to prove that it's a thing.

The lease cash is a dealer incentive. You can be sure they have already accounted for it in the purchase price.

Maryland lease taxes are high, nothing you can do about that. The calculations seem to be correct.

capsfan27

kyfdx said:

capsfan27 said:

Thanks Michaell. Does that car qualify for the 2k lease cash as well? Based on previous posts it looks like it does. I've tried searching for anything about that and have come up empty, and it seems like I'll need to show them something to prove that it's a thing.

The lease cash is a dealer incentive. You can be sure they have already accounted for it in the purchase price.

Maryland lease taxes are high, nothing you can do about that. The calculations seem to be correct.

Oh ok cool. Thanks for your help!

klunkman

Looking for MF, residual and incentives for 3.5 SH-AWD with Advance. 36/12 in central Pennsylvania. Thanks in advance.

Michaell

klunkman said:

Looking for MF, residual and incentives for 3.5 SH-AWD with Advance. 36/12 in central Pennsylvania. Thanks in advance.

.00070 and 57%

$2000 lease cash and $500 loyalty / conquest incentive.

psm1167

Hey guys!

Wanted to see what everyone thought of this deal on a '16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
Taxes (PA): $2,254
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Balance: $34,752.15
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

The dealer mentioned the lease cash but said it was $1000 lease cash (read on here that it was $2,000?). Dealer was mum on how the discount was achieved (not sure if lease cash was used or they simply lowered MSRP w/o applying any incentives).

I am thinking my next move is to tell them to make the selling price $32,700 then stack the incentives ($2000 lease cash, $500 conquest, and $500 new grad to make the final selling price $29,700--is that hoping for too much?)

Thanks for the input guys.

Michaell

psm1167 said:

Hey guys!

Wanted to see what everyone thought of this deal on a '16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
Taxes (PA): $2,254
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Balance: $34,752.15
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

The dealer mentioned the lease cash but said it was $1000 lease cash (read on here that it was $2,000?). Dealer was mum on how the discount was achieved (not sure if lease cash was used or they simply lowered MSRP w/o applying any incentives).

I am thinking my next move is to tell them to make the selling price $32,700 then stack the incentives ($2000 lease cash, $500 conquest, and $500 new grad to make the final selling price $29,700--is that hoping for too much?)

Thanks for the input guys.

I'm pretty certain your selling price includes the lease cash.

However, I'm confused about the tax ... it was my understanding that in PA, lease tax was assessed against the monthly payment, not up front.

Therefore, I'm not sure which number to use as the net capitalized cost.

I confirm the .00070 MF and 57% residual.

psm1167

Michaell said:

psm1167 said:

Hey guys!

Wanted to see what everyone thought of this deal on a '16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
Taxes (PA): $2,254
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Balance: $34,752.15
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

The dealer mentioned the lease cash but said it was $1000 lease cash (read on here that it was $2,000?). Dealer was mum on how the discount was achieved (not sure if lease cash was used or they simply lowered MSRP w/o applying any incentives).

I am thinking my next move is to tell them to make the selling price $32,700 then stack the incentives ($2000 lease cash, $500 conquest, and $500 new grad to make the final selling price $29,700--is that hoping for too much?)

Thanks for the input guys.

I'm pretty certain your selling price includes the lease cash.

However, I'm confused about the tax ... it was my understanding that in PA, lease tax was assessed against the monthly payment, not up front.

Therefore, I'm not sure which number to use as the net capitalized cost.

I confirm the .00070 MF and 57% residual.

Thanks for the reply. I wondered about that too. I am going to call tomorrow and get that cleared up. About to head to another Acura dealership and see if they can make me a better offer.

Michaell

psm1167 said:

Hey guys! Wanted to see what everyone thought of this deal on a '16 TLX 2.4 w/ Tech MSRP: $36,690 Discount: $3,990 Selling Price $32,700 Taxes (PA): $2,254 DOC FEE: $134 License FEE: $164.15 Rebates: $500 (I think this was the conquest rebate) Balance: $34,752.15 Residual: 57% MF: 0.00070 12k miles yr for 36 months monthly payment with tax = $379.39 The dealer mentioned the lease cash but said it was $1000 lease cash (read on here that it was $2,000?). Dealer was mum on how the discount was achieved (not sure if lease cash was used or they simply lowered MSRP w/o applying any incentives). I am thinking my next move is to tell them to make the selling price $32,700 then stack the incentives ($2000 lease cash, $500 conquest, and $500 new grad to make the final selling price $29,700--is that hoping for too much?) Thanks for the input guys.

I'm pretty certain your selling price includes the lease cash. However, I'm confused about the tax ... it was my understanding that in PA, lease tax was assessed against the monthly payment, not up front. Therefore, I'm not sure which number to use as the net capitalized cost. I confirm the .00070 MF and 57% residual.

Thanks for the reply. I wondered about that too. I am going to call tomorrow and get that cleared up. About to head to another Acura dealership and see if they can make me a better offer.

 It's always good to get multiple dealers involved; that way, you get the best deal 

psm1167

Michaell said:

psm1167 said:

Michaell said:

psm1167 said:

Hey guys!

Wanted to see what everyone thought of this deal on a '16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
Taxes (PA): $2,254
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Balance: $34,752.15
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

The dealer mentioned the lease cash but said it was $1000 lease cash (read on here that it was $2,000?). Dealer was mum on how the discount was achieved (not sure if lease cash was used or they simply lowered MSRP w/o applying any incentives).

I am thinking my next move is to tell them to make the selling price $32,700 then stack the incentives ($2000 lease cash, $500 conquest, and $500 new grad to make the final selling price $29,700--is that hoping for too much?)

Thanks for the input guys.

I'm pretty certain your selling price includes the lease cash.

However, I'm confused about the tax ... it was my understanding that in PA, lease tax was assessed against the monthly payment, not up front.

Therefore, I'm not sure which number to use as the net capitalized cost.

I confirm the .00070 MF and 57% residual.

Thanks for the reply. I wondered about that too. I am going to call tomorrow and get that cleared up. About to head to another Acura dealership and see if they can make me a better offer.

 It's always good to get multiple dealers involved; that way, you get the best deal 

Just got back from the other Pittsburgh area Acura dealer.

In regards to my initial post, I shouldn't have included that tax figure. The dealer told me the breakdown he gave me was for both leasing and purchasing the car. Since I am leasing that tax figure doesn't apply to me. Here are the correct numbers:


'16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

This number assumes a $1500 down payment.


Here is the competitors offer I received tonight:

"16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $4,703
Adjusted Price: $31,987
DOC Fee: $135
Non Tax Fees: 160.15
Net Price: $32,282.15
Rebate: $500 Recent Grad

12k miles yr for 36 months monthly payment with tax = $375

This assumes a $1k down payment.

It appears ~$375 is the best I can do in Pittsburgh at the moment. Has anyone had any luck getting them to go lower than $31k on adjusted price?

I also wanted to ask about credit score. Mine is right around 700. Should I expect these numbers to shoot through the roof when they run my credit app? Can I have a co-signer on a lease to counter act this?

Michaell

psm1167 said:

Michaell said:

psm1167 said:

Michaell said:

psm1167 said:

Hey guys!

Wanted to see what everyone thought of this deal on a '16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
Taxes (PA): $2,254
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Balance: $34,752.15
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

The dealer mentioned the lease cash but said it was $1000 lease cash (read on here that it was $2,000?). Dealer was mum on how the discount was achieved (not sure if lease cash was used or they simply lowered MSRP w/o applying any incentives).

I am thinking my next move is to tell them to make the selling price $32,700 then stack the incentives ($2000 lease cash, $500 conquest, and $500 new grad to make the final selling price $29,700--is that hoping for too much?)

Thanks for the input guys.

I'm pretty certain your selling price includes the lease cash.

However, I'm confused about the tax ... it was my understanding that in PA, lease tax was assessed against the monthly payment, not up front.

Therefore, I'm not sure which number to use as the net capitalized cost.

I confirm the .00070 MF and 57% residual.

Thanks for the reply. I wondered about that too. I am going to call tomorrow and get that cleared up. About to head to another Acura dealership and see if they can make me a better offer.

 It's always good to get multiple dealers involved; that way, you get the best deal 

Just got back from the other Pittsburgh area Acura dealer.

In regards to my initial post, I shouldn't have included that tax figure. The dealer told me the breakdown he gave me was for both leasing and purchasing the car. Since I am leasing that tax figure doesn't apply to me. Here are the correct numbers:


'16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

This number assumes a $1500 down payment.


Here is the competitors offer I received tonight:

"16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $4,703
Adjusted Price: $31,987
DOC Fee: $135
Non Tax Fees: 160.15
Net Price: $32,282.15
Rebate: $500 Recent Grad

12k miles yr for 36 months monthly payment with tax = $375

This assumes a $1k down payment.

It appears ~$375 is the best I can do in Pittsburgh at the moment. Has anyone had any luck getting them to go flower than $31k on adjusted price?

I also wanted to ask about credit score. Mine is right around 700. Should I expect these numbers to shoot through the roof when they run my credit app? Can I have a co-signer on a lease to counter act this?

Assuming a 9% tax rate, the first offer works out to $398/mo with tax.

The second offer is $385/mo with tax

I would get the true net capitalized cost for each deal - something is being added or subtracted from the numbers you've been given.

psm1167

Michaell said:

psm1167 said:

Michaell said:

psm1167 said:

Michaell said:

psm1167 said:

Hey guys!

Wanted to see what everyone thought of this deal on a '16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
Taxes (PA): $2,254
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Balance: $34,752.15
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

The dealer mentioned the lease cash but said it was $1000 lease cash (read on here that it was $2,000?). Dealer was mum on how the discount was achieved (not sure if lease cash was used or they simply lowered MSRP w/o applying any incentives).

I am thinking my next move is to tell them to make the selling price $32,700 then stack the incentives ($2000 lease cash, $500 conquest, and $500 new grad to make the final selling price $29,700--is that hoping for too much?)

Thanks for the input guys.

I'm pretty certain your selling price includes the lease cash.

However, I'm confused about the tax ... it was my understanding that in PA, lease tax was assessed against the monthly payment, not up front.

Therefore, I'm not sure which number to use as the net capitalized cost.

I confirm the .00070 MF and 57% residual.

Thanks for the reply. I wondered about that too. I am going to call tomorrow and get that cleared up. About to head to another Acura dealership and see if they can make me a better offer.

 It's always good to get multiple dealers involved; that way, you get the best deal 

Just got back from the other Pittsburgh area Acura dealer.

In regards to my initial post, I shouldn't have included that tax figure. The dealer told me the breakdown he gave me was for both leasing and purchasing the car. Since I am leasing that tax figure doesn't apply to me. Here are the correct numbers:


'16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $3,990
Selling Price $32,700
DOC FEE: $134
License FEE: $164.15
Rebates: $500 (I think this was the conquest rebate)
Residual: 57%
MF: 0.00070

12k miles yr for 36 months monthly payment with tax = $379.39

This number assumes a $1500 down payment.


Here is the competitors offer I received tonight:

"16 TLX 2.4 w/ Tech

MSRP: $36,690
Discount: $4,703
Adjusted Price: $31,987
DOC Fee: $135
Non Tax Fees: 160.15
Net Price: $32,282.15
Rebate: $500 Recent Grad

12k miles yr for 36 months monthly payment with tax = $375

This assumes a $1k down payment.

It appears ~$375 is the best I can do in Pittsburgh at the moment. Has anyone had any luck getting them to go flower than $31k on adjusted price?

I also wanted to ask about credit score. Mine is right around 700. Should I expect these numbers to shoot through the roof when they run my credit app? Can I have a co-signer on a lease to counter act this?

Assuming a 9% tax rate, the first offer works out to $398/mo with tax.

The second offer is $385/mo with tax

I would get the true net capitalized cost for each deal - something is being added or subtracted from the numbers you've been given.






Ended up pulling the trigger on Friday.

Wanted to ask you guys about the money factor. I was quoted a money factor of .00077. I have tried to check the money figure by using the rent charge. Could you guys let me know if Im right?

MF= (RentCharge/LeaseTerm)/(AdjCapCost+Residual)

MF= (1344.60/36)/(32437.36+20913.30)
MF=(37.35)/(53350.66)
MF=0.000700085 or 1.68%

Am I in the ballpark? I thought the best MF for the TLX was .00077? My credit score was a 716 and this was my first lease. Did I qualify for Tier 1 or something?

psm1167

does a rent charge of 1344.60 seem high?

kyfdx

psm1167 said:

does a rent charge of 1344.60 seem high?

No, it's exactly correct for a money factor of .00070

chuckjr

question about the lease cash and conquest and/or loyalty. Acura is hounding me to ditch my 2013 TL a few months before lease end but their numbers haven't been very aggressive.

Is the lease cash good on the V6 base? Can it be combined with loyalty? What is loyalty amount? Conquest amount? Also wanted to double check resid on 36 mo 10K is 59% at .000777 ?

For a base V6 they are at SP of $33029 x 36 mo at $372 + tax with $1200 drive off (about $307 cap reduction)

Michaell

chuckjr said:

question about the lease cash and conquest and/or loyalty. Acura is hounding me to ditch my 2013 TL a few months before lease end but their numbers haven't been very aggressive.

Is the lease cash good on the V6 base? Can it be combined with loyalty? What is loyalty amount? Conquest amount? Also wanted to double check resid on 36 mo 10K is 59% at .000777 ?

For a base V6 they are at SP of $33029 x 36 mo at $372 + tax with $1200 drive off (about $307 cap reduction)

There is $1000 lease cash on the V6 base. They loyalty incentive of $500 should stack on top of that.

MF on the TLX this month is .00077; 36/10 residual is 60% (59% is for 36/12).

infoe36069

Im in a position where I need a lease for 24 months...does acura offer lease options (different risidual/mf) for 24 months?

If so if anyone could provide base tlx and base ilx figures for 24months/10k miles I would appreciate it.

Michaell

infoe36069 said:

Im in a position where I need a lease for 24 months...does acura offer lease options (different risidual/mf) for 24 months?

If so if anyone could provide base tlx and base ilx figures for 24months/10k miles I would appreciate it.

TLX Base - .00070 and 66%. $1000 lease cash and either $500 loyalty or conquest cash.

Ask ILX questions here:

http://forums.edmunds.com/discussion/32422/acura/ilx/2016-acura-ilx-lease-questions#latest

infoe36069

Michaell said:

infoe36069 said:

Im in a position where I need a lease for 24 months...does acura offer lease options (different risidual/mf) for 24 months?

If so if anyone could provide base tlx and base ilx figures for 24months/10k miles I would appreciate it.

TLX Base - .00070 and 66%. $1000 lease cash and either $500 loyalty or conquest cash.

Ask ILX questions here:

http://forums.edmunds.com/discussion/32422/acura/ilx/2016-acura-ilx-lease-questions#latest

is this for 24months/10miles?

Michaell

infoe36069 said:

Michaell said:

infoe36069 said:

Im in a position where I need a lease for 24 months...does acura offer lease options (different risidual/mf) for 24 months?

If so if anyone could provide base tlx and base ilx figures for 24months/10k miles I would appreciate it.

TLX Base - .00070 and 66%. $1000 lease cash and either $500 loyalty or conquest cash.

Ask ILX questions here:

http://forums.edmunds.com/discussion/32422/acura/ilx/2016-acura-ilx-lease-questions#latest

is this for 24months/10miles?

Yes.