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Is this a good lease deal?

kevfromqukevfromqu Posts: 3
edited June 2018 in Acura
2019 TLX V6 SH-AWD w/Tech $5,000 down + $317.50 Tax + $399 First Payment = $5,716.50 total due at signing 36 month lease with 15k Miles/Year $399/month
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Answers

  • kyfdxkyfdx Posts: 130,385
    kevfromqu said:

    2019 TLX V6 SH-AWD w/Tech
    $5,000 down + $317.50 Tax + $399 First Payment = $5,716.50 total due at signing
    36 month lease with 15k Miles/Year
    $399/month

    Doesn't seem that great.
    Why put so much upfront on a lease?

    What state and tax rate?
    What is MSRP
    Selling price or adjusted CAP cost?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kevfromqukevfromqu Posts: 3
    edited June 2018
    Trading in another vehicle that will cover downpayment and will actually be getting a check back for excess. My wife would like a lower monthly payment, that is the reason for the large upfront. I know it is essentially the same as less down and more monthly; more of a mental thing I guess. 
    State - NY
    Tax Rate - 8.625%
    MSRP - $43,095 (includes $995 destination charge)
    I will ask for the sales price (I am pretty inexperienced when it comes to leasing)

  • kyfdxkyfdx Posts: 130,385
    kevfromqu said:

    Trading in another vehicle that will cover downpayment and will actually be getting a check back for excess. My wife would like a lower monthly payment, that is the reason for the large upfront. I know it is essentially the same as less down and more monthly; more of a mental thing I guess. 
    State - NY
    Tax Rate - 8.625%
    MSRP - $43,095 (includes $995 destination charge)
    I will ask for the sales price (I am pretty inexperienced when it comes to leasing)

    That's basically equivalent to $550/mo, with just first payment due at signing.
    That's not real cheap for a $43K vehicle.

    But, you'll be the first one on your block with a new 2019.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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