Acura TSX Lease Questions

dawg91

FWIW, I am about to sign a lease on TSX non-tech 39M/10K with the following:

Sales Price: $25,748
Aq. Fee: $595
Processing Fee: $385
TT&L in Virginia: $927
Residual: $18,723.60 (63%)
MF: 0.0025

Dealer is also cutting a check for $300 towards my last lease payment on current car.

All said and done, this comes to lease payment of $345/month. First months lease payment only due at signing.

Dealer seemed confident that his deal would not be beat locally. I hope he is right.

dolsey01

Looks like a good deal. The selling price is really good. The processing fee is a little high but you are making up for it in the selling price. Better than I did in Boston. We just picked up the car yesterday and we are extremely happy with it. Sooooo much better than the V6 Accord it replaced.

pshooper

Can you tell me how your payment breaks down? (My taxes would be different so my payment would change.) I'm in Michigan and very interested in this car. Was your lease a 12,000 mile? Also, was your car a manual or automatic? Thx.

dawg91

I am also replacing a V6 Accord. I am happy to hear you like the TSX even better!!

pshooper

I went to a dealer in SE MI this afternoon to see if I would like the TSX. I only wanted to see the car and drive it, but the dealer was anxious to get me to look at some figures, and he made me this offer using $27,923 as the sales price:

$1999 up front
$279 for a 10K 39 month lease
$307 for a 12K 39 month lease
$335 for a 15K 39 month lease
all plus tax.

He did not give me any more figures.

I know this is too high, and I let him know the figures were what was holding me back. I had to leave for another appointment, so we left the conversation there.

I would like to get an idea of what I should pay in total for this car in SE MI. We have a 6% tax that is not charged up front, but is charged only on the monthly lease payment, I believe.

I am sure I will put over 15K on the car per year and the current offer is too high for me over a 39 month lease term. From what I have seen here, people are paying less including taxes from places I think the taxes are higher. Also, I am a first time Acura buyer (lessee), shouldn't that $750 promo cash come off the negotiated price of the car? What is the best deal I can get? I'm in no hurry, but for the right deal, I could be driving it home tomorrow.

marlonsams

TSX Tech/ 36 mos/ 12K miles/ $1000.00 TOTAL drive-off/ 410.00 per month including taxes.

pshooper

How can I determine what the dealer pays for different mileage amounts? For example, my dealer wants an extra $28 per month to go from 10K to 12K and another $28 on top of that to go from 12K to 15K. How do I know what I should be paying for adding miles onto my lease? I may end up needing 18K per year, I know I need at least 15K.

kyfdx

The residual drops by 1% of MSRP to move from 10K to 12K, and another 2% to move from 12K to 15K..

On a $30K MSRP car for 36 months...

10K to 12K = $8-$9 per month..

12K to 15K = another $16-$18 per month..

pshooper

I tried to figure out what my payments should be with the $2,000 my dealer in Southeast Michigan wanted down on a 2009 TSX non tech 39 month 15K lease. Using a residual of 60% and a cap cost of $24,500 ($26,500 invoice - $2,000 cap cost reduction) I came up with $300 per month plus tax and TTL. I should note that I am a first time Acura customer so I will qualify for the $750 cash. Have I missed anything? Is this an offer that is reasonable?

jdg99

Can someone clue me into what the $750 'First time Acura Customer' is all about?

I understand about the $750 dealer cash that a car buyer/leasor can maybe take advantage of.

terpsfan1

Anyone know what residual is for a TSX with Tech package? I've seen 62 and 63% for a 39 month lease with 10k miles.

XxHaimBonxX

Picked it up today paying same as agreed. $1100 on credit card and $326 per month. 12K miles, for 39 mos. All paperwork and plates were ready for me to sign, so I did and drove away.

Let me know if you are around NY and need help. My e-mail is xxhaimbondxx@aim.com

Jack1234

HaimBon
What is sale price u got?

angleral

Can you give us a breakdown of the car, slales price money factor etc I seem to be having a hard time getting close to what you got..
Thanks

marys236

Can you tell me why you like th TSX better than the V6 Accord? I am currently leasing a 4cyl Accord, but was thinking of getting a V6 when my lease is up next month. I haven't driven a TSX, but I thought they were smaller than the Accord. Other than that, they looked pretty similar. Right now, they are about the same payment, just wondering if it would be worthwhile to go drive the TSX.

XxHaimBonxX

I am not Dolsey, but though I might comment. If you need the power of V6, then TSX won't substitute that, although some buyers reported some issues with Accord's V6 engine. I came from a 140 hp Civic, so 201 hp TSX is plenty for me. It all depends how hard you press on the throttle. From other perspectives like the look of TSX inside and out, the features it is loaded with, the prestige brand, Acura wins thumbs up. It is smaller than Accord, but you talking only a couple of inches.

dolsey01

Pretty much a ditto to what XxHaimBonxX said. It is a bit smaller but it just drives and looks sportier. I went from an Audi A6 to the Accord and really missed some of the simple things like memory seats, reverse tilting mirror, one touch sunroof, etc....

I did not miss the monthly visits to the Audi dealer though for repairs.

It's hard to compare the 4cyl TSX engine to the V6 Accord engine. I drove both the 4cyl and 6cyl 09 Accords. The TSX is in the middle as far as power. The 4cyl Accord felt way under powered to me and the V6 did not seem as quick as my 06 Accord even though it has more power.

I compare the 4cyl VTEC to a motorcycle or snowmobile engine. From idle to 3000RPM the car is pretty average but once you pass that point on the tach it screams up to 7000 and the smiles begin. This car really likes to have the engine revved and is so much more fun to drive then.

If you need the space or really really really need the V6 then by all means get the Accord. If you want a fun to drive semi sport/luxury car, you can't beat the TSX for the money.

P.S. The payment on the TSX should be approx $20 less than the Accord because of the higher residual and slightly lower MF.

Jack1234

dolsey01
-The payment on the TSX should be approx $20 less than the Accord .
-You mean accord I4 or V6 for 20 less.
-I got offer for TSX base 10k 334X39 with 1600 out of pockets. Is this a good deal? I will pick it up next week.

marys236

I went and drove the TSX today, I loved it. It is much nicer than the Accord. Now I'm afraid they won't have a good lease special on the TSX when my Accord lease is up in 2 months.

alexg456

After looking over a month for a Honda EX-L deal, I got an Acura TSX deal that was pretty much better than any Honda deal I got from about a dozen dealers in NY Metro Area.

The deal I got is from DCH Heart Acura, just south of Poughkeepsie, NY. Same dealership where "xxhaimbondxx" got his deal. In fact, he tipped me. Thanks again! It was totally worth the 1.5 hour Metro North ride from Grand Central.

Acura TSX. 39 month lease. 10K/year. 0 down (only first payment upfront and DMV). All taxes and fees rolled into monthly payments. $349 a month. I don't drive to work, so 10K is fine by me, but 12K/year would have been just marginally more expensive.

The whole experience was a breeze. Everything was agreed upon on the phone/email. I just took Metro North this morning and the process (minus cofee chat, weather, business and life) took about 15 minutes. I'm very happy with my choice. The salesguy is just a pleasure to work with, compared to everyone else I had spoken to from about a dozen Honda dealeships I visited in February, who kept telling me how amazing their deals were -- such BS.

liz15

I'm new to leasing and need some advice ... I was offered a 10,000 mile lease on the 2009 TSX with no tech package. $1,450 due at signing which includes all fees and title. Monthly rate is $315 before tax for 39 months. Is this a good offer?

liz15

Was wondering if the $326 includes tax. I was offered $339 (incudes tax, $315 without tax) with $1450 down for 39 months at 10,000 a year. $1450 includes title and admin fees.

XxHaimBonxX

mine includes tax and fees.

XxHaimBonxX

Title, what title? Honda is the title holder. My DMV fees were $95, that's for new plates. Transfer should have been even less. Your downpayment should consist of 1st month payment + Acquisition fee (same as lender fee, dealer fee, bank fee, whatever name they want to give it) + NY tax upfront+ tire fee. All together it should be around $2000. Once you pay everything upfront, your monthly payment should be around $300, +/- $10 depending on your credit, mileage, lease period. Make sure you negotiate the sale of the car to around $26,000(with destination). If they laugh at you, walk out. Trust me, that's the price of the vehicle today and if the dealer is not a budging, that means they haven't completely comprehend the gravity of the situation, or are in denial.

If you want to get the deal I have with just a couple of e-mails or phone calls, e-mail me at xxhaimbondxx@aim.com. I'll get you in touch with my sales person since I can only vouch for him. I still can't believe how easy it was. I wish I needed another car so that I could go through the process again.

eastcoastnelle

Having looked around for weeks now, it sounds as though you got the best deal! Could you please tell me which dealer you used? (I'm in NJ)

Thank you.

dolsey01

I meant the V6.

Seems kind of high. What is the selling price of the car?

I put down first month, acq fee, $249 doc fee and plates for a total of $1269.

My payment including MA 5% sales tax is $334 for 39M/12K a year. I believe the sale price was 26495 and I also has them trow in $250 in accessories. I could have done better at another dealer but because of location, I really wanted to but it where I did. They also had to get the car for me, it was not on their lot.

scooter21

Must you pay MA annual excise tax on the lease or is this negotiable?

liz15

This past weekend I was offered a 10,000 mile 39 month lease on TSX. $1,450 down $339 (with tax). Salesrep said the offer included incentives that will expire on March 2, 2009. My current lease is not up until April 2nd. Was wondering if anyone knew if the TSXs incentive will be extended into March or if there were any new incentives.

With a 39 month lease, will I have to replace the tires at any point?

Also, does the TSX require premium fuel?

spedprof

I have no information on the incentive though I'm also waiting to see if it continues. I believe that national auto sales data will be out later this week which may indicate if the incentive stays. I doubt if you will need tires, especially if you stay at 10,000 miles. That will take you to about 32500 miles. I just had my end of lease eval and with 47000 miles I think my tires were fine, at least the inspector said nothing to me about them. Finally, the TSX recommends Premium fuel which i have always put in though I've heard that others use the mid range. The difference is really not that great, 10,000 miles @ 25 mph is 400 gallons per year. Even if the difference is $.15 between premium and the mid grade, that is $60 for the year or $5.00 per month.

memesgoofy

New incentives should be released tomorrow. Check back on Edmund's home page under latest, or go to a dealership website.

Also, you can usually turn your car in earrly. Are you leasing a Honda product now? I am in my 5th Honda lease. My lease isn't up until July 1, but the dealerships are already willing to make a deal. The last vehicle I leased, I traded in 6 months early.

Good luck!

imwolf

I wanted to know if this is a good deal. Acura TSX, no tech, Nothing down or out of pocket, 15K, 39 month lease, 38 payments left at $399. Please let me know what you think.

dolsey01

You must pay excise tax. It totals approx $1400 over three years or $39 a month. The first year is especially painful at close to $700. Gotta love tax-achusetts!

dolsey01

You should be closer to $300. I would take it at $305 give or take a few dollars.

Jack1234

Anyone knows what is leasing program for this month? Is this month better?

spedprof

As of now, there are no new TSX deals nor is the $750 incentive posted. Unfortunately for those of us who are looking to buy/leas, TSX sales were up (one article said by 16%) compared to last February. Hopefully, the decision makers will realize that they were up because of the incentive and the deals hat were made. If anyone hears about updated residuals, money Factor, deals, incentive, please post here.

drtravel

FEATURED SPECIAL LEASE: Closed-end lease for 2009 TSX Automatic Transmission (Model CU2669JW) for $299.00 per month for 36 months with a $1,605.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,499.00 total due at lease signing (includes first month's payment with no security deposit, AHFC upfront acquisition fee and capitalized cost reduction; 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. 3/3/2009 through 5/4/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 TSX Automatic Transmission vehicles (Model CU2669JW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $29,920.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $26,132.03. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $10,764.00. Option to purchase at lease end $18,849.60. 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.

s_44

so i went to look at a used TSX and ended up loving the 09 (of course) the salesman brought up leasing and offered me a 39 month lease w. $3500 down plus the $1600 from my trade for a 15k lease at $299 a month, but all those down payments seem a bit much to me.. especially after reading this.. i am in the philly area.. anybody have an idea of a better target price? also, is leasing really better than buying? i have never really considered it, so i am not sure how to bargain for it.. i appreciate any help/advice! thanks!

mikeut2k3

Have the money factor and residuals changed?

XxHaimBonxX

this has been there since February and requires about $3700 out of pocket to get $300 per month. It's a generic deal and some dealers can beat it.

XxHaimBonxX

$5100 downpayment for a lease? That's insane. You are better off buying it. I got $326 per month with $1100 down

s_44

like i said, I have never considered a lease before but those numbers sounded high to me for something that won't ever be mine.. i think the salesman was just trying to get one over on me.. how and where did you get such a good deal? how many miles a year is that lease for?

bvdj84

All that money down defeats the whole purpose of leasing. I wouldn't do that. Because, if you so happen to wreck or want to get rid of the car a year later or so. You will lose all that money. The money does not go to your principal. You want money down, get a loan. Own it.

Sale price
$0 Down
Lease terms.

I wouldn't put any money down, just use the money from your trade an call it a deal. As long as your sale price is good, lease terms.

Jack1234

compare from last month 39month, and 36 this month only 10 dollars more per month. which way would u go? help me please.

CarMan@Edmunds

Hi Jack. Honda Finance's new March buy rate lease money factor and residual value for a 36 month lease (it is no longer providing support on 39 month terms) of a 2009 base Acura TSX with 10,000 miles per year are .00215 and 63%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier and pay a security deposit at lease signing.

When negotiating your lease on this car, make sure to take the $750 dealer cash that is currently available on it into account.

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CarMan@Edmunds

Hi nycarguy2. The $750 dealer cash that you mentioned was extended through May 4th.

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CarMan@Edmunds

Hello jdg99. Honda Finance is currently providing consumers who are currently on their first lease through it and have an expiration date of 2/1/09 through 4/30/09 a special $750 cash incentive if they lease another Acura vehicle through them. This incentive is on top of the $750 dealer cash that is currently available on the '09 TSX.

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CarMan@Edmunds

Hey terpsfan1. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease (it is no longer providing support on 39 month terms) of a 2009 Acura TSX Tech with 10,000 miles per year are .00215 and 60%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

When negotiating your lease on this car, make sure to take advantage of the $750 dealer cash that is currently available on it.

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CarMan@Edmunds

Congratulations on getting your new TSX, alexg456. It certainly is one heck of a nice car for $350 per month. Thanks for taking the time to stop back and share the details with everyone. Since you had such a pleasant dealer experience, if you want you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on it with others. Enjoy your new ride :shades: !

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CarMan@Edmunds

Greetings liz15. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

In short, the best way to get a good deal on a leased vehicle is to negotiate the lowest possible selling price and then have the dealer calculate your monthly payment using its buy rate lease money factor.

The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around and aim for a selling price of a couple hundred dollars over dealer invoice minus the available $750 dealer cash.

Once you have a selling price that you are comfortable with, have the dealer calculate your lease payment using Honda Finance's buy rate lease money factor. Its current buy rate for a 36 month lease of a 2009 Acura TSX is .00215 for consumers who qualify for its top aka "Super Preferred" credit tier.

That's it in a nutshell. Good luck and let us know if you have any other questions.

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CarMan@Edmunds

Hey liz15. Acura extended its incentives on the TSX relatively unchanged through May 4th.

It is difficult for me to say for certain, every car and set of tires is different, but as long as you regularly rotate your vehicle's tires there is a very good chance that you will not have to replace them before the end of a 39 month lease. I have done more 3 year leases than I can count and I have never been assessed an excess wear charge for tires at lease-end, but as I mentioned I make sure to rotate them regularly. That and oil changes are the only maintenance that I perform on leased vehicles.

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