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Comments
you think they would tell you to WAIT and that it will get cheaper as the economy gets worse, as cars sit, as the 08 models get OLDER and the 09 comes outa nd makes the 08 obsolete.... yeah buy it now!!!
maybe the lease won't get any better in terms of the MF or the residuals...but then they will just to throw dealer cash at it to make it work out.
as the new TL hits the dealers, they will be give away the left over 08s. might not get your favorite color, but it will be cheaper.
me... i'm waiting for an SHAWD TL. FWD just plain sucks. sorry. i've driven the TL-S and own a new MDX. my MDX handles AMAZING and it's a tank/heavy. a TL with SHAWD would be wonderful.
i'm waiting.
Some cars have rattles and brake squeals that others don't. Sometimes a specific car will drift left or right or have some other issue that needs warranty attention that could have been noticed in a test drive and you could have just chosen a different car on the lot rather than deal with it at the service department later.
They are not all the same.
do you know if acura normally supports a 24 month lease term? if so, i'm looking for the current MF and residuals for a 10k/yr, 24 month lease on a 2008 TL type S. If that lease term doesn't exist, can you tell me what the MF and residual is for a 10k/yr, 36 month lease?
Thanks!
Ended up with $1500 walk off (including doc, tire fees, taxes, registration, etc), 382.00/mo (incl taxes) for 15,000.
Hilarious that the Accord dealer wouldnt budge below 450 for the 15K miles...
Picked up my 2008 Type S on Friday night. I have to say I am really enjoying it. (Prior lease that just ended was a Z4).
Thanks for all the sharing of information, it certainly helped me structure my deal. (See earlier post).
Cheers
I have been given a sell price of 31,705 (invoice) for the vehicle. Do you think I can get a better deal? I live in Indianapolis and only have 2 dealers in the state to work with...
Price I got was $460 / month (including tax) on TL with navi, 15k/3 year.
Walk off was only $500.
Did I get a fair deal?
I will not have any money out of Pocket, just my trade, $5,642.00. They said they will use the $1000 incentive and apply that to get the $6,642.00 total out of pocket.
Lease Term: 36
Total Payment: 336.04 / monthly ( this includes tax)
Out of Pocket: 6,642.00 - this include my trade in $5,642.00 and the $1000.00 program cash
MSRP: 38,940.00
Residual: 21,027.60
Mileage: 12,000
The quote I was giving did not have the net sale price or Money factor on it, but based on the march program I would assume it's :
Money Factor: .00101
$1000.00 cash Incentive
Residual: 54%
Sales Tax 9%
So, is this a good deal?
36 months / 10K
MF: .00101
Residual: .55%
$34.1K + $750 accessory package (approx.)
$0 down (just tax, license, etc - normal charges)
$517 per mo including 8.1% tax
Super internet manager - straight forward, no BS, no game-playing - highly recommended. To anyone in Tucson, look a little North for a more pleasant shopping experience.
Has anyone else had this problem?
Thanks.
How does this deal sound for a 36 month 15k per year lease
Bank fee $595.00
NJ motor vehicle fees 187.50
NJ tire tax 7.50
Documentary fee 199.00
First payment 495.00
Total inceptions $1,484.00 Your monthly payments are $495.00
Initially, my deal was $500 total out of my pocket, then $470/month. Then few days later Santa Monica Acura called me and said they made some mistake on the contract. They reworked on the contract and paymetn went down to $460
Is there any downside to trading in the civic and starting a lease on the TL? this basically means I'm putting down $10K on the lease.
You can put the rest of the money into a money market account and use the money in that account towards subsidizing the higher monthly payments if you need to.
If you put the money down on the lease, you will lose all of that money at once if the car is wrecked or stolen and totaled.
Insurance and gap insurance do not cover down payments on leases.
TL base
36 mos. 12K/year = $383 plus local taxes.
TL Navi
36 mos. 12k/year = $420 plus local taxes.
TL S type
36 mos. 12k/year = $479 plus local taxes.
All deals above require $2700 down. Not sure if includes first payment.
Dealer says residual on the Type S is less than the standard TL.
Can you tell me the breakdown of the $800 fees? I'm assuming part of that is the first months payment.
this is basically selling you the car at invoice. the dealer still gets the 2% holdback, which is about $800.
so honestly, I think they could just dig into that and give it to you to move the car. the 09s are coming and dealers must be hungry to unload remaining TLs..
that $800 in holdback would drop your monthly about another $20.
unless Acura throws money into the leases, I'm not sure we'll see a TL-S get any cheaper... the big question is will they throw more cash at the car?
i believe last year they had $3500 cash on the cars to sell...so you could get one 3500 under invoice....and if you factor another 800 of holdback... you could probably BUY a 2008 TL-S for about $31,500 if they just gave it to you and made no money. but that will be later in the year if they put more money on the car.
that would be a pretty decent deal.
if you assume the next gen TL will have a price point around $40k..... you'd be geting an 08 for amost $10,000 less than an 09..... which is nice.
BUT - if you think about first year depreciation.... so you save $10,000 on the lot..the second your drive your 08 TL-S off the lot, it just lost $5k in value anyway...
if I were going to buy a TL-S I think i would look for a low mileage used 07 and try to bust the dealers balls on it and get it in the mid 20s....
I love it when i go on autotrader.com and I see people trying to sell used TL-S for $35000.... ha ha ha. i can buy a new one for 33500 right now.....
the cheapest i've seen a Type S listed on autotrader in my immediate area is about $30k...which is a joke if you ask me. the TL is a great car, but they are literally everywhere... if you search for all TL models in a 300 mile radius in so cal you will find hundreds and hundreds of them...
it's not exactly a "rare" car.... maybe a Type S is more rare...but it's not THAT rare.
i think a dealer who took one in trade probably raped the former owner and paid them maybe 20k or something. kbb says trade in is 22k...and kbb is always high...
so figure those 07 TL-S models at the dealer they took in trade they got around 20k. offer them 22k and anythigm ore you walk.
i'd pay 22k for an 07 TLS...but not much more. in the current market, you can pretty much lowball the dealers and if they will make one damn cent they will take it...
in this market, a buyer has all the leverage.
i don't think i'd pay 32 or 33k for a new 08 when i coudl probably get a barely used 07 for low to mid 20s.
$40K would be way too large of price jump for a base TL. Car manufacturers often have very minimal sticker price increases on new models.
The actually selling prices will be much higher for a while after a new model is released because they may get sold for around full sticker price while they are in short supply during the first several months.
OTH there shoud be a fire sale on the 08's this fall when the new 09's arrive.
If the TL started at a base price of near $40K, it would be severely overpriced.
However, $40K even for a 2009 Type-S with nav is still getting to price point where they may have some problems.
Thanks!
Price 34995.00 Govt. fees 168.00
Term 36 months (12K per year) Taxes 2637.76
# adv. pmt-1
Rate .00101 Doc Fee 150.00
Days 31 $0 down
MSRP 38940 Tot. init. pmt. and monthly pmt. 546.79
Residual .54 Residual 21027.60
Is there 0 down?
Payment seems a little high.
I'm sure someone w/ better knowledge will chime in.
MSRP Price 36940.00
Govt. fees
Term 36 months (12K per year) Taxes
# adv. pmt-1
Rate
Days 31 $0 down
Residual (what is that?)
Thank you!
Honda Finance's lease program for the TL varies by term. You never mentioned how long you want to lease for, so for now I will assume that you want to go with 36 months. Let me know if you want something different. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 TL with 15,000 miles per year are .00101 and 54%, respectively. When negotiating your lease on this car, make sure to take the $1,000 cash incentive that Acura is currently providing on leases of it through Honda Finance into account.
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As far as this car's selling price goes, the dealer invoice price for a base 2008 Acura TL is currently $31,706. Plus Acura is currently providing a $1,000 cash incentive on leases of this car. That drops the invoice down to $30,706. The price that you mentioned in your post is around $200 over dealer invoice. You may be able to find a dealer that is willing to sell you an '08 TL for that if you are in an area that has a decent level of competition.
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Let's work up a sample lease payment on a base TL to give you an idea of what sort of payment to shoot for. According to my calculations, if you were to lease a 2008 Acura TL without navigation that has an MSRP of $34,440 and a selling price of $31,000 (around $200 over invoice minus the $1,000 cash incentive) for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $377. This is closer to the payment that you were quoted than it initially appears because it does not include sales tax, but you may be able to beat the payment that you have in hand by a few dollars if you shop around.
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The money factor and lease cash that you mentioned in your post look good, but you never mentioned what this car's selling price is. This is an important number to find out. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing this vehicle. Try to negotiate a selling price of slightly over dealer invoice before the deduction of the $1,000 incentive.
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