2013 and earlier-Acura TL Lease Questions

mvspeed101

I purchased on 8/16/08

2008 TL w/ NAV - White Diamond Pearl on Black
30,058 Cap Cost
0.0031 MF
$1500 down (tax, tags, title)
15K miles 36 mo.
$399 / mo.

glevitan

This is a Blatant lie my friend. Its people like this that destroy the usefulness of this site. For you to get a 399/month payment the residual value would be 60%!!!!! NO WAY.....unless this dealer decided to pay the Manufacturer like 2 grand out of their own pocket no way you get this lease price with a .0031 MF.

mvspeed101

Do me a favor, my friend, and send me your email address. I will personally scan and email you my lease terms. I also traded in my car, which they paid off. The amount of payoff is not necessary, since it was a wash. They gave me an additional $489 for my trade-in which was applied to my downpayment of $1989. $1989 - $489 = $1500. I walked out of that dealership paying $1500 down (VA tax, tags, title, 1st mo. payment) and $399 / mo. 15K miles WDP on black w / NAV

glevitan

There is something that you are missing buddy. DO you understand that with a money factor of .0031 you are paying $151 per month FOR FINANCING FEES??? That means that your car payment on a 30K car is $250/month.

I Beleive you that you are paying $399 per month for a 2008 TL with Nav etc etc but there is something youa re missing ior making a mistake with.

mvspeed101

Well, what do you think it may be? Help me out so I can investigate it.

mvspeed101

Apologies...I meant .00133 MF. I was in the top tier and had a slight case of dyslexia

oliviob

Hi there, new to this forum. Looking to lease an 08 TL w or wo nav. Went to dealer yesterday, weren't interested in playing ball (KEYES). I currently have an RSX, lease expiring 1/09 w 23K mi (12,6k mi/yr, 36 mos.) Would love some input what I could expect to pay for a 36 mos lease, 12k mi/yr both base and nav models. Also, if you would suggest a particular dealer in SoCal. Thanks!

jrubell

I'm in the same boat and found a killer deal. Since they don't let posting of names or anything if you give me a way to contact you I can send it over. It's in socal. Basically with navi is about 410 a month for the 36mo/12k and 800 drive offs. I think the base was about 25 or 30 less a month.

jae115

jrubell,

Could you let me know the dealership as well? Just let me know what city the dealership's in if you can.

Thanks in adavance.

jrubell

Torrance/Palos Verdes. Internet sales.

oliviob

that would be great, reach me at jaredlsiegel@gmail.com - they told me that lease programs changed after 9/8 so they weren't about to deal. but i know that's particularly not true.

oliviob

here's what Torrance Power is giving me:


1. MSRP = $36,940
2. Internet Lease Price = $29,751
3. Lease Term = 36 mths
4. Residual Value % = 51% or $18,839.40
5. Min. Cash Down = $905.00
6. Yearly Mileage = 12K miles
7. Base monthly payment = $455.70 (before tax)
8. Total monthly payment = $493.30 (including tax)

kingpcgeek

The next time you come back to insult all of the TL owners you might want to download the Google toolbar and use its wonderful spell checker before posting your insightful posts. Then you might even be able to spell the name of the car you bought correctly.

glevitan

Ahhhhhh...that makes about a 100,000 time smore sense

alesakaren

I got TL 2008 model with 12k 36 months for 310(incl tax, 0 Down) and ist month down

oliviob

how? where? here's the latest figures I am getting from a so cal dealer:

1. 2008 TL Base, Carbon Bronze with Black Interior Stk # 8A039083
2. MSRP = $34,440
3. Internet Lease Price = $27,900
4. Discount = $6,500
5. Residual Value @ 52% or $17,908.80
6. Lease Term = 36 mths
7. Yearly miles = 12,000
8. With Cash down of $1,100 your monthly payments including tax will be = $449.52
9. With Cash down of $2,500 your monthly payments including tax will be = $405.36

alesakaren

I got the 2008 deal 12k, Zero down, Ist Mo Payment including Tax in California for 300$. Since 2009 is coming 2weeks they are clearing their inventory.

seekacurainfo

That is amazing, do you happen to know what they were giving for a deal for TL wiht NAV or Type S? Also with 10k miles a year? I am in Mass, but wondering if i can use this to my advantage out here.

Thanks

oliviob

love to know where in cali, am looking for TL w or wo nav, and I haven't found anything under 400's/mo + lots drive off. help!

rjorge3

Whoaoo champ!.... $300 per month for a new 08, type-s 12k and not money down! dude you are my king! I also saw a pink elephant flying across my backyard carrying a pot of gold. Nice try acura salesman, good luck with your inventory, :>) very funny though. I'll tell you what, so that you can make more money, lease another type-s, and I will take over your existing $300 a month lease and I will give you $1,000 for your troubles, hey, you just made 1k just for posting here. Contact me, I dont care what color is the car, I'll take it off your hands.

CarMan@Edmunds

Thanks 1stacura. Yes, given the lack of lease support I personally believe that there are better cars to lease right now than the 2008 TL. Once an automaker pulls the plug in its lease support for a particular model at the end of the model year it very rarely brings it back. I doubt that Acura will reintroduce it on the TL.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

carexpert08

Where did you get this amazing deal?

williamdean3

I was trying to get accurate information when I leased my 08 TL with Nav in May but I could never get an answer either all I know is my deal which I have no problem reposting I do not as it turns out know much about leasing so I will not be leasing in the future because no one ever answered so I believe I did not do very well when residual was 3% and I forget MF at the end of May.

I got 13k for my TSX so they cut me a check back for 4k and after tax title license and other fees I have a 36 month lease with 15k miles per year allowed. My payment is $370 for 35 months and they added the bodyside molding and are tinting the windows for free. The figured a 52% residual so I have the option to buy the car for $19208.80 in 3 years. But I doubt I will be doing that because I will have to pay sales tax all over again. I think in 36 mos I will turn it in and hopefully a coupe will catch my eye by than because I have been in love with this car since I got my TSX back 4 years ago.

The one thing that makes no sense is the way they do the paperwork.

We agreed on price and than payments and trade value.

But the contract I signed shows

GROSS CAPITALIZED COST OF 37790.79

CAPITALIZED COST REDUCTION 7250

ADJUSTED CAP COST 30540.79

RESIDUAL VALUE 19208.80

DEPRECIATION AND ANY AMORTIZED AMOUNTS 11331.99

RENT CHARGE 1987.92

TOTAL OF BASE PAYMENTS 13319.91

LEASE PAYMENTS 36
BASE PAYMENT 370.00

SO THE TOTAL AMOUNT OF PAYMENTS BY THEIR PAPERWORK IS 20702.55 IF YOU INCLUDE monthly payments and trade in value. Only I got more for my trade than this shows. Its just that in Texas they said you can only put 20% down on a lease.....The numbers payment and cash back all add up its just they do some odd things to get AHFC to buy the loan.

williamdean3

Did you find any better deals or is that the best deal you have found. My cousin lives in Valencia and he was looking at Tls as well this summer he ultimately went with a G35 instead because he found the deals and money rates to be better in So Cal on Infiniti's and he liked the g35 a bit better. He couldnt believe it but than when he saw what I got here in Dallas on my TL we figured most Acura dealers are not looking to deal. I posted my deal that I got back in May when I traded in my 04TSX w/o nav for the 08TL w/

W

oliviob

haven't found anything better, esp w nav, can't seem to find monthly below 400 w a lot drive off. bummer, since i have an rsx 06 lease about to expire, you'd think they'd want to retain my business. they won't even deal on a tsx 09, unless you know otherwise. i may have to go infiniti g35, do you know what i can expect?

oliviob

just found the following, at a so cal dealer (power)"

08 tl base, carbon bronze/black
375/mo tax incl
2500 OTD
36 mos/12k mi yr

should i pull the trigger?

gholaglider

Hi Car_Man and All,

I was hoping that I could get some feedback on a lease quote I received from a dealer here in NJ.

Lease terms are:

08 TL (No Nav)
36 months/12,000 yr
Base price: $33,725
Sale Price: $27,632
~$1,500 due at signing (no cap cost reduction, no sec dep; just fees and first month)
$425/month (including tax)

Is this a fair deal?

Thanks in advance.

ajcohen

Has anyone put together a lease yet on the new TL. The Acura website has offered this featured lease and I was looking for input on either it or any other leases out there. I am looking for a lease with the tech package specifically.
Thanks

2009 TL Featured Standard Lease
$419.00 per month for 36 months. $3,699.00 total due at signing.
FEATURED LEASE: Closed-end lease for 2009 TL with Automatic Transmission (Model UA8629JW) for $419.00 per month for 36 months with a $2,685.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $3,699.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee, capitalized cost reduction, with no security deposit. Security deposit waived in featured lease example. Total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.

Subject to limited availability. From 9/24/2008 through 10/8/2008, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 TL with Automatic Transmission (Model UA8629JW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $35,715.00 (includes destination) less the suggested dealer contribution resulting in actual net capitalized cost $32,957.93. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $15,084.00. Option to purchase at lease end $23,571.90. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details.

bvdj84

Get rid of the downpayment. $20-30 per $1,000 is subtracted from the lease payment when putting money down. Add nearly $100 to the payment, and you have a $0 down deal, Get the tech package lease payment, still add $100 to the payment. It is a standard lease, nothing special. The down payment is a way to make your eye go right to the attractive payment. Now, if this is worth you putting down that much money that does not go to the principal of the lease, only to lower the payment. Then, go for it! Some people will, but get rid of that downpayment, and you will see the true deal. It looks even more strict, notice the low mileage of 10k miles per year.

The new TL just arrived, they will not offer anything reasonable for awhile. When the new Accord arrived, the prices were insane! Now, you can get one for a pretty good deal! If you want one now, cool, but realize at the middle of your lease, everyone else won't being paying as bad as you did.

But, if I wanted a car bad enough, I would do it...lol

chuckjr

How do i calculate the residual based on the info provided on Acura's site on the 09 lease? Is it a simple math equation?

Also looking for the current MF.

Considering 08 or 09 base
12K year 36 mon.

thanks

roccoman7

No calculation necessary. If you look above at the lease deal, it mentions "option to purchase at lease end $23,571.90" That is the residual value on that particular car.

rjorge3

hi carman, I know is early, but please post the october lease rates when you get them for leftlovers 08 TL, specially the Type-S. I am looking at 36 months; 10k per year.

seekacurainfo

rjorge3,

what kind of quotes have you been seeing for what you are looking for? I am in mass and have seen these deals getting worse and worse, I too would be interest in a 3 year 10k lease.

rjorge3

It is funny seek, because in August my lowest quote including NJ taxes in the pmt was $448; 36 month, 10k no money dow. But that was when the money factor was 0.00133 (3.19%), right now the lowest quote I've received was $505, the cap cost of the car was pretty good at $31,685, but the money factor is a deal breaker for me at 0.0028 (almost 7%). I live in NJ (Tri-State area). and there are still some dealers with plenty of inventory of TL-S, but Acura is not supporting leases on the remainding 08s. Sad, but I will have to start looking somewhere else.

If i was buying, I could get a sweet deal. But, hey, who knows maybe the will lower the cap cost of the car even more comes November :>)

Happy hunt

seekacurainfo

I know what you mean rjorge3. Up here in the boston area the dealerships have a lot of inventory left, but i think they are trying to make those leases unattractive compared to the 09 so as not to canabalize the newer inventory. I will say a cap cost of 31.7 for the type s is a great deal, i too am not looking to buy though. Oh well, good luck to you. I am hoping that they have a surplus of inventory at year end for the 08's and really just push to get them off the lots.

Best of luck!

CarMan@Edmunds

Hi gholaglider. The dealer invoice price of a base 2008 Acura TL without navigation is $31,768. When we subtract the $3,500 dealer cash that is available on this car right now from that, we arrive at $28,268. The selling price that you were quoted is even lower than that, so this looks like an excellent deal. Just make sure that the dealer that you are working with uses Honda Finance's current buy rate lease money factor of .00270 (for "Super Preferred" tier customers who pay a security deposit) to calculate your monthly payment and you're all set.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi chuckjr. Here's the new lease program for the car that you're interested in. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura TL with 12,000 miles per year are .00270 and 65%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical lease of an '08 model are .00270 and 52%.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi rjorge3. Here's the October info. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Acura TL-S with 10,000 miles per year are .00270 and 51%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

przemekg

No money down, 4 year lease, 15,000 a year: $529.

already done deal, but want to spread the word

sta2631

Hi Carman,

Hopefully you can tell me if I'm getting a good deal on a 2008 TL Type S. I spoke with my local Acura dealer today and was quoted for a 2008 Type S. The Adj. cap cost is $34,095. I was quoted for a 42 mth lease with 10,000 miles yr. Residual on vehicle is $18322.95 (47%) with a factor of .00265. Total out of pocket upon delivery is $500.00. All other fees will be rolled into my pmt including taxes. Total monthly pmt. with Taxes will be $540.16. Do you think I'm getting a good deal?

Thank You

davidros11

can someone please give me some advice. i leased a 08 accord exl v6. absoutely hate it. problem is i rolled about 5800 negativity in from a 06 mustang GT LEMON.
well anyway wife just leased a 08 tl. i went to the same dealer to see if he can do anyhting for me on a 08 tl. this is what he came up with. i owe 30k pay off on the accord. they will give me 23k therefore rolling 7k negativity into the TL. I would need to put down 4k and my payments would be 529 a month for a 48/10k miles lease. i am pretty sure the selling price is 34k ( with the negativity) for the new tl. without the negativity 27k.
can someone please give me advice if the dealer is giving me a good deal or trying to pull a fast one. i hate to get in deeper but really want out of the accord.
i can be emailed at davidros@comcast.net any help is GREATLY appreciated before i pull the trigger on this...

CarMan@Edmunds

Hi sta2631. The dealer invoice price for a 2008 Acura TL-S without the high performance tires with an automatic transmission is $35,895. When one subtracts the $3,500 dealer cash that is available on this model from that, we're talking about $32,395. The selling price that you were quoted is $1,700 over that. Given the fact that this is a 2008 model, I personally would not be surprised if you were able to beat this price by comparison shopping with a few other dealers. Give it a shot, you don't have anything to lose. You also may want to stop by the "Acura TL Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.

The money factor that you were quoted looks about right for a 36 month lease of this car with a waived security deposit.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi davidros11. My advise to you is that you absolutely should not roll more negative equity into another vehicle. Why do you hate your Accord so much? Also, it would be one thing if you hated the Accord and wanted to get into a vehicle made by another manufacturer...but the Acura TL is made by Honda as well. You may end up hating the TL too. The Accord is a nice car, you would be much better off financially if you just stuck with this lease until its scheduled end and then got something new.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

davidros11

car man,
thank you very much for your reply. i understand exactly what you mean.
aside from rolling in the negativity, what do you think of the numbers out of curiousity

surge1

i am thinking of extending my 24 mo. lease on '06 TL no navi. the current deals right now don't strike me and i am willing to wait a month or two to see if anything better comes along.

my question is as fallows: does it actually make sense to extend it? honda financial people state that i have to pay an extra tax of $35 a month to be payable upfront for the period of extension. this doesn't make sense to me since the tax was rolled into my current payments, so wouldn't I be paying the tax twice?

my original deal was for $422, 10k mi, 0 down, 24 months. i was just offered same deal for 36 months instead of 24 months on the '08 TL. is that reasonable given an extra year and current rates?

thank you!

privatepilot83

I worked with Leases in the past and they are not that complicated. First know that most domestic Manufacturers have discontinued leasing because they have lost a lot of money doing it. Example; Take a Ford F150 Pickup, with an MSRP of say $18,000. Discount the vehicle down to say $16,000, then Lease for 2 years at $199/m (using 12,000 miles per year). FMC established the Residual (value of the truck at the end) as being $11,000! That's a $5000 difference, divided by 24 months, equals $208/m. But the reality was, at the end of the lease 2 years later, the Residual was only $8,000! That's a huge difference ($3,000). Now some of that is covered by Insurance that they buy upfront, but the rest is pure loss, so after doing that with say 40,000 vehicles, you can see why they stopped leasing. Most Imports do not have the same problems because their Residuals didn't drop so dramatically.
So you can see how Leases are built! A finance Company, builds the lease by starting at the MSRP, discounting it a little, then once the Mileage Usage is know, they can establish the Residual, then choose the Monthly and anything left over is Money Down!
Example, let's says a TL has an MSRP of $35,000. Discount that maybe $500, then build in the mileage (say 10,000 miles per year) for 3 years. Using past examples, the Residual is around $22,000. The difference is $13,000. Say you want to advertise a $349/m payment. $350 times 36 months equals $12,600, so add the left over (About $1,000 with the Money Factor) to the first monthly payment and that's your money due at signing ($1,350) plus the Plate Fees and your done! Knowing how much you want to pay per month, how many miles per year you plan on using (always buy the miles up front, never buy too few and pay for the overage, it's more that twice as expensive.) and how much you want to pay upfront, you can get pretty close! Hope that helps, Jeff.

privatepilot83

Is the Lease through AHFC? They are usually pretty flexable with just paying the same for an extra month of two. If you still need time to think, it sounds like you could just keep doing what you're doing until you're ready to trade up!

sta2631

Thanks for the your advice... In looking at the numbers once again, the sale price on the vehicle is $33,500. The total cap cost is $34.095 due to me rolling in the Acq. fee.
All the other numbers i provided were accurate. With that being said I'm only paying roughly $1,100 over invoice. Do you think i can still talk them down? Also... What's considered high performance tires? This vehicle comes with the standard 18" Type S honeycomb wheels...

Thanks

privatepilot83

Since your Type S is coming with 18" wheels and all other 2008 TL Type Ss came from the factory with 17" honeycomb style wheels, you may have some dealer installed wheels that add cost to yours the others don't have, so maybe it's a better deal than you think. If the rims are larger, it also follows that so are the tires, since the original P235/45 R17s no longer fit.

sta2631

I think your right carman... I believe it does in fact come with 17" honeycomb wheels.