I live near San Jose and if you don't mind, which dealer did you make this excellent deal at? I'm looking for a TL, with Nav on a two or three year lease.
I am currently leasing a Honda Accord exv6, lease ends March 12.Possibly the MF will get better in March, I don't know if I will wait though. Do I still have to pay the Bank fee with Acura when I lease a the TL? What is the residual that you have for the base Acura TL with 15k? When you went to pick up your new TL the only the check that you wrote was $394 including tax,1st,dmv upfront or was that extra.In Pasadena I see others are paying $30,947 for the Acura TL, basically as you say I will shoot for a $31,000 Thanks in advance for your help.
I've been reading forum posts and I think it's great. Need more consumer info sites like this. I'm interested in leasing a 2008 TL w/nav for either 2 or 3 yrs. I have info on 3 year but need MF, Residual for 12k for 2 year lease to see if it makes economic sense. Could someone please provide info.
Does anyone know what the residual is for a acura TL non nav 36month 15k lease .if the residual is 55% and on a dealer website I see the MSRP $34,395. I am going to shoot for a selling price of $30,947 and just first month then I come up with a payment of $386.02 including tax. Is this feasible?
I've never leased before. What about these add-ons (wheel & tire, scratch & dent, simonize) which will raise the monthly payment considerably? Are they necessary? I'm a conservative driver and will probably drive my new TL about 10k miles/yr. I don't plan on keeping the car past the lease period.
Looking to see if this price looks good for the 08 TL
The TL lease was based off a price of $35,180 including the accessories (spoiler=$440, sunroof visor=$159, and all season mats=$120). This is a 36 month lease with 15k miles per year. The money factor is 0.00045 and residual is 54%. Total money down would be first months payment ($487), bank fee with tax ($595 + $53.55 tax), and tag fees ($128.50) totaling $1,264.05.
I have secured a deal in NJ. Lease factor : .00045 Residual : 51 % with 15 k miles Selling price *35,320 (300 below invoice) TYPE S model 5spd auto 36 month term $495 a month includes 7 percent state tax (33 bucks) No money down, 1200 inception fees.
I have montiored the local dealers inventory and notice the type S models are selling more than the Base TL with Navi. This simply means, the mid tier model are not selling well but the type S models will be in limited supply as we reach the 2nd quarter. It is likely there will be an incentive for the leasee...but dont expect 2000 lease cash. At best honda will provide 500 lease cash. However, they can opt to boost the residual rates to bring the lease payment down. I have never seen a lease factor lower than 1 percent with 8 years of leasing experience.
Conclusion, if you are in the market to grab a type s, if you wait, you risk of having limited color choices and transmission. If you are in the market for a tl with navi, i suggest to wait it off as it will slightly get better in the form of rebates and there is plenty of supply around NY NJ area.
For the lease beginner, you always want to ask for the lease factor. The figure will always be .00*** to calcuate the APY rate just multply lease factor x 2400
Why would you want to know this? Simply to know how much of your money is going to interest.
Residual Rate: This is the buyout cost at the end of the lease. This is viewed differently depending on the circumstances. If the Residual rate is low, the lease payment will inflate. Not good for leasees. However, if you love the car, your buyout is less. Flip it around and its the total opposite.
I secured the deal because my hunch is, the type S model will be limited and the rebate will not be much as Honda is expected to inflate the lease factor. In the end, , lease rebates its just a tactic to bring in customers to the showroom. This is pretty much as good as it gets if you ask me.
I do not expect the TL type S to be at 51 percent value in the next 3 years. These cars hold their value much higher even when a new model is introduced. Besides, Acura is taking a chance of their styling direction to "stand out" It is a big risk.
*Side Note: All acuras have a 3 percent holdback based on the MSRP of the car. When dealers sell the car below invoice, they will always say, they are not making any money. In reality, its not true. They are just willing to chip away from the dealer holdback. This occurs only when dealers are desperate to move their inventory. So for an acura tl type S, the total holdback is $1142 - with this deal they get roughly just 900 bucks profit. (this will be split to sales rep and other Overhead costs) The real profit is likely to be minimal to none. Either way, this is a great deal to the consumer. -G
FYI, you really have to be good in this stuff to secure the deal mentioned above as a consumer. Things will work in your favor if they have plenty in their inventory. If its the last color of your choice, good luck. This is where you say, "well I can help you clear out your inventory " Please chip away from the dealer holdback
I worked with the internet department at Sunnyvale Acura in Silicon Valley over the weekend, my initial contact was with the intention of leasing or buying a TL; I ended up buying an MDX Tech from them yesterday.
The lease quote I received was for a base TL with Navigation, 36 months and 15k miles per year.
MSRP (including navigation): $36,940
Lease selling price: $32,997 (about $1k under invoice)
Money Factor: .00045
Residual: 53% - $19,554.35 (remember, that's for 15k miles, 12k and 10k would be higher.
Drive off: $784.45, including first month + DMV fees and taxes; the only garbage fee was a doc fee of $55. Acquisition fee was rolled into the payments.
Monthly Payment: $413.85 plus taxes.
That was their opening offer before negotiation (though I don't think there was much more room). They were great to deal with, and I'll happily buy or lease from them again.
gmaroun-- Would you be willing to share your dealership and salesperson contact info? I am looking to structure a very similar lease and haven't gotten that low with tax included in the monthly. If you are not comfortable replying here with that information, by all means email me directly. You got a very good deal on a Type S; I would love to do the same.
I secured the deal with Open road acura in East brunswick. I received similar deals with Park Ave in Rochelle and in Open road in Wayne. I suggest you go to edmunds.com. Submit a quote with your needs. It best to come in as a Internet Lead because dealership knows that Internet customers tend to have more information on deals, etc. George
again, do not overwhelm them with to what you know...you will have to gradually use all this information during the negiotation process. It took me about an hour each to get them below invoice. GOOD Luck
OK, I've read enough about how many people think it so important to know what the invoice cost is, what the holdback is, the residual, the dealers cost of accessories and on & on & on. Does it really make a difference? Not at all.
When you lease, you're buying a monthly payment and paying transaction cost to get into that payment (sometimes out of it as well). This is the dealers business, not ours. We're not going to out smart the dealer at his own game. I can and have negotiated with a dealer knowing more information about a particular vehicle than I've ever wanted know. At the end of the day, if that dealer is not willing to sell me the car I'm interested in below a minimum margin they want to make, I'm not going to convince them otherwise no matter how many car facts I happen to know.
I prefer to have multiple dealers do my battling for me. As I said, the dealers are the experts at their game, so I put the experts together so they may battle it out and crunch the numbers and I can sort through it all when the dust settles.
This forum is also an excellent tool since we're able view deals from around the country that others have negotiated, so we're able to get real numbers that also help us with negotiations.
So far the best lease deal I have on the table for a base TL is...
36 months with 12K miles/year
Total out of pocket: $1,134.85 ($401.90 first payment, 47.95 tax, $90 plates and reg fee's, and $595 acquisition fee)
Monthly payment: $401.90 (includes 7% sales tax)
Question: Is this a good deal for the area or can I do better? I think I can get to the same monthly payment with zero money down or at least get to a TOTAL monthly payment of about $375 with the $1,100 +/- cash down at signing.
Any thoughts? I'm not in a huge hurry to make the deal, but if this is as good as it's going to get...
36 months with 15k miles/year. He said this is based on selling the car at invoice which he said that he really didn't want to do, but will because who knows. Lets just say its because he's a nice guy that was doing me a favor which he was pretending to do. I feel that I can get below invoice on this car especially because a new body style is coming out for 2009.
I forget the exact residual value, however the MF was .0045. He also quoted me for TL with Nav for $421 using the same sale price (at invoice). Do you guys think its possible to get a better deal?
Looks like a good number for the TL-S. I'm still working my lease for a TL w/Nav. The best thus far has been $457 per month including PA 9% tax for a 36 mo. lease at 15K per yr. and $1250 out of pocket at delivery. Hoping to have a deal done by the end of week.
What dealer in PA did you get that deal from? Chester County anywhere? I am looking at the TL also with Nav and without and think the 487/month I got is a bit high for With Nav.
Metro in Phila. Montgomeryville Acura quoted just $5 more a month, but they may be moved down a little. I have another dealer who's telling me they can beat Metro by a couple bucks a months, but we've been playing phone tag, so I'll let you know what happens once I speak with them.
It seems to me that dealers must factor a $dollar premium buyers are willing to pay for the convenience factor of buying close to home. As with the Acura I'm shopping now as well as my current BMW that's coming off lease, I've shopped dealers that are owned by the same company. In both cases, the dealer furthest from my home has always given me the best quote. :confuse:
Just wrapped up my TL w/Nav deal. The deal is for 36 mo./15K per yr. and I'm paying basic inception fees only ($1232.05). Monthly payment is $455.00 per month which includes PA 9% tax. I believe I've done good
I got a quote for NO out of pocket and about 525/month. the other quote was for $3000 cap cost reduction, and $425-430/month.
your deal is better than mine by at least $500.. interms of total dollars spent on the lease. your deal is good.
my goal would be to get another 500-1000 off the car. so with 3000 down, i'd want to be paying 375-400/month max. not sure if the TL-S lease will get that cheap.
i'm also considering BUYING a slighly used RL. you can find a used RL with 10k on it for about what they will sell you a new TL-S for. if you go to acurazine.com there are quite a few guys who had TLs, who all complained about build quality, rattles, etc...those who went to the RL said it was night/day different.
better handling wtih SHAWD and way better build quality
my received quote on a 2008 base tl for 36months/15 Drive off of $664 and payment of 395incl tax for 36months.Or I can do $374 for 12k on a 36 month lease.
Great question, actually. After test driving and some initial sales price negotiation, I did the rest of the negotiating over the phone over a several day period. At the end of the day, the OOP I believe is first months payment, tags, and other little fees. I will follow up with the details once I do a final review on-site and (hopefully) pick up my new TL Type S.
I am pretty happy with the price approaching invoice as well as the extremely cheap money factor.
My dealer is telling me the current residual for february for 36mo 15K lease is 54%. The best MF= .00045. He is claiming residual will be going down so the payment will be lower to buy now vs. wait until March. I do not know if this is true....
The MF of 0.00045 is correct for either the TL or TL Type S.
The residuals I got for the Type S are a little different, but I guess that could be expected.
I was led to believe by the dealer I am talking to that the low MF rate ended this Friday (29 Feb), but I guess it all depends when Acura's quarter ends. I thought I did see a sheet of paper that said 29 Feb when I was poking around at the dealer. 3 March could certainly be real too. He probably just wants to move the car in this calendar month.
He did make a general comment alluding to the fact that these might be extended in March.
been reading all these post and find every single post every useful, learning more from each post.
I just got a quote for base TL for 12k 36months. After going back and forth on email quite a few times, I finally asked him to do the calculations for me. This is what I got back finally. Car man, what do you think?
1)31,205 minus 18,598 plus 595 plus 258 = 13,462 divided by 36 = 373.94 depreciation
31,205 plus 18,598 = 49,803 multiply 0.00045 = 22.41 interest
add 373.94 and 22.41 = 396 a month for 36 month
I'm assuming the 595 is bank fee, the 258 is doc fee.
My recent quote was 1800 down 380 a month 15k miles for 3 years on a base white with tan interior... i still dont know if i can afford yet but i think this is the best one one this page thanks to the knowledge you guys have previously provided me..
this quote was in NJ. While it looks like a great deal, I just don't understand how others are getting better deals, like the deal that nacho_2 is getting.
Comments
I live near San Jose and if you don't mind, which dealer did you make this excellent deal at? I'm looking for a TL, with Nav on a two or three year lease.
Thanks in advance
Good luck to all and stay safe
jensad
Good luck to all and stay safe.
jensad
I've been reading forum posts and I think it's great. Need more consumer info sites like this. I'm interested in leasing a 2008 TL w/nav for either 2 or 3 yrs. I have info on 3 year but need MF, Residual for 12k for 2 year lease to see if it makes economic sense. Could someone please provide info.
Thanks for your time and response.
The TL lease was based off a price of $35,180 including the accessories (spoiler=$440, sunroof visor=$159, and all season mats=$120). This is a 36 month lease with 15k miles per year. The money factor is 0.00045 and residual is 54%. Total money down would be first months payment ($487), bank fee with tax ($595 + $53.55 tax), and tag fees ($128.50) totaling $1,264.05.
Monthly 487...with tax
Sound right? TL Base with Navigation
I have secured a deal in NJ.
Lease factor : .00045
Residual : 51 % with 15 k miles
Selling price *35,320 (300 below invoice)
TYPE S model 5spd auto
36 month term
$495 a month includes 7 percent state tax (33 bucks)
No money down,
1200 inception fees.
I have montiored the local dealers inventory and notice the type S models are selling more than the Base TL with Navi. This simply means, the mid tier model are not selling well but the type S models will be in limited supply as we reach the 2nd quarter. It is likely there will be an incentive for the leasee...but dont expect 2000 lease cash. At best honda will provide 500 lease cash. However, they can opt to boost the residual rates to bring the lease payment down. I have never seen a lease factor lower than 1 percent with 8 years of leasing experience.
Conclusion, if you are in the market to grab a type s, if you wait, you risk of having limited color choices and transmission. If you are in the market for a tl with navi, i suggest to wait it off as it will slightly get better in the form of rebates and there is plenty of supply around NY NJ area.
For the lease beginner, you always want to ask for the lease factor. The figure will always be .00*** to calcuate the APY rate just multply lease factor x 2400
Why would you want to know this?
Simply to know how much of your money is going to interest.
Residual Rate:
This is the buyout cost at the end of the lease. This is viewed differently depending on the circumstances. If the Residual rate is low, the lease payment will inflate. Not good for leasees. However, if you love the car, your buyout is less. Flip it around and its the total opposite.
I secured the deal because my hunch is, the type S model will be limited and the rebate will not be much as Honda is expected to inflate the lease factor. In the end, , lease rebates its just a tactic to bring in customers to the showroom. This is pretty much as good as it gets if you ask me.
I do not expect the TL type S to be at 51 percent value in the next 3 years. These cars hold their value much higher even when a new model is introduced. Besides, Acura is taking a chance of their styling direction to "stand out" It is a big risk.
*Side Note: All acuras have a 3 percent holdback based on the MSRP of the car. When dealers sell the car below invoice, they will always say, they are not making any money. In reality, its not true. They are just willing to chip away from the dealer holdback. This occurs only when dealers are desperate to move their inventory. So for an acura tl type S, the total holdback is $1142 - with this deal they get roughly just 900 bucks profit. (this will be split to sales rep and other Overhead costs) The real profit is likely to be minimal to none. Either way, this is a great deal to the consumer.
-G
The lease quote I received was for a base TL with Navigation, 36 months and 15k miles per year.
MSRP (including navigation): $36,940
Lease selling price: $32,997 (about $1k under invoice)
Money Factor: .00045
Residual: 53% - $19,554.35 (remember, that's for 15k miles, 12k and 10k would be higher.
Drive off: $784.45, including first month + DMV fees and taxes; the only garbage fee was a doc fee of $55. Acquisition fee was rolled into the payments.
Monthly Payment: $413.85 plus taxes.
That was their opening offer before negotiation (though I don't think there was much more room). They were great to deal with, and I'll happily buy or lease from them again.
When you lease, you're buying a monthly payment and paying transaction cost to get into that payment (sometimes out of it as well). This is the dealers business, not ours. We're not going to out smart the dealer at his own game. I can and have negotiated with a dealer knowing more information about a particular vehicle than I've ever wanted know. At the end of the day, if that dealer is not willing to sell me the car I'm interested in below a minimum margin they want to make, I'm not going to convince them otherwise no matter how many car facts I happen to know.
I prefer to have multiple dealers do my battling for me. As I said, the dealers are the experts at their game, so I put the experts together so they may battle it out and crunch the numbers and I can sort through it all when the dust settles.
This forum is also an excellent tool since we're able view deals from around the country that others have negotiated, so we're able to get real numbers that also help us with negotiations.
36 months with 12K miles/year
Total out of pocket: $1,134.85 ($401.90 first payment, 47.95 tax, $90 plates and reg fee's, and $595 acquisition fee)
Monthly payment: $401.90 (includes 7% sales tax)
Question: Is this a good deal for the area or can I do better? I think I can get to the same monthly payment with zero money down or at least get to a TOTAL monthly payment of about $375 with the $1,100 +/- cash down at signing.
Any thoughts? I'm not in a huge hurry to make the deal, but if this is as good as it's going to get...
Thanks!
Monthly Payment- $387.69
Purchase Option: $18,597
First month payment + taxes and fees paid upfront including: $595 acq fee+ $105 (inspection, title, doc) + 1231.22 (NYS taxes) + 387.69 (first month)= 2,318.91 upfront.
I forget the exact residual value, however the MF was .0045. He also quoted me for TL with Nav for $421 using the same sale price (at invoice). Do you guys think its possible to get a better deal?
08 TL Type-S Auto
MSRP $38,940
Cap cost $36,250
Residual 53% (20,638)
36 months/12K miles
MF = 1.04
Total OOP = $803 (includes 1st month's payment)
$470 (with tax) /month
Initially the offer was 505-510/month, $1000 OOP but pitting dealer against dealer lowered everything.
How is this compared to other Type-S leases out there?
I'm not really worried about the final price of the car since I got them to get the payments exactly where I wanted them.
I am looking at the TL also with Nav and without and think the 487/month I got is a bit high for With Nav.
It seems to me that dealers must factor a $dollar premium buyers are willing to pay for the convenience factor of buying close to home. As with the Acura I'm shopping now as well as my current BMW that's coming off lease, I've shopped dealers that are owned by the same company. In both cases, the dealer furthest from my home has always given me the best quote. :confuse:
Just closing a lease deal in PA for the following:
2008 TL Type S
White
MSRP 38,895
Sell Price 35,750
(I believe invoice is 35117)
36 mos
10k miles per year
Residual: 54%
MF=0.00045
OOP ~$700
Will be $490 with with PA 9% tax. (~$450 before tax). Took me a couple days to get to this deal.
Acura/Honda finance is offering either the low money factor for a lease, or $2000 off the sale price when buying.
Believe it ends this Friday.
Cheers
I got a quote for NO out of pocket and about 525/month.
the other quote was for $3000 cap cost reduction, and $425-430/month.
your deal is better than mine by at least $500.. interms of total dollars spent on the lease. your deal is good.
my goal would be to get another 500-1000 off the car. so with 3000 down, i'd want to be paying 375-400/month max. not sure if the TL-S lease will get that cheap.
i'm also considering BUYING a slighly used RL. you can find a used RL with 10k on it for about what they will sell you a new TL-S for. if you go to acurazine.com there are quite a few guys who had TLs, who all complained about build quality, rattles, etc...those who went to the RL said it was night/day different.
better handling wtih SHAWD and way better build quality
I am pretty happy with the price approaching invoice as well as the extremely cheap money factor.
The residuals I got for the Type S are a little different, but I guess that could be expected.
I was led to believe by the dealer I am talking to that the low MF rate ended this Friday (29 Feb), but I guess it all depends when Acura's quarter ends. I thought I did see a sheet of paper that said 29 Feb when I was poking around at the dealer. 3 March could certainly be real too. He probably just wants to move the car in this calendar month.
He did make a general comment alluding to the fact that these might be extended in March.
Good luck
been reading all these post and find every single post every useful, learning more from each post.
I just got a quote for base TL for 12k 36months. After going back and forth on email quite a few times, I finally asked him to do the calculations for me. This is what I got back finally. Car man, what do you think?
1)31,205 minus 18,598 plus 595 plus 258 = 13,462 divided by 36 = 373.94 depreciation
31,205 plus 18,598 = 49,803 multiply 0.00045 = 22.41 interest
add 373.94 and 22.41 = 396 a month for 36 month
I'm assuming the 595 is bank fee, the 258 is doc fee.
Thanks everyone in advance.
I need a 2008tl, 15k miles, 1 year lease quote, nothing down, with NAV. I live in Southern CA