2017 TLX lease coming up in 2020...should I keep after lease?

acuraowner9acuraowner9 Member Posts: 1
edited April 2019 in Acura
Question: new to leasing; is it wise to keep the car after the lease is over in July 2020? Currently paying $400 a month, only put first month's payment as down payment. 36/7.5

Can I negotiate the price of the car with the dealership once my lease is up?

Car is a 2017 TLX 3.5 Tech FWD

Curious to know what 2015 and 2016 leasing individuals did after the lease, did you keep it?

Answers

  • MichaellMichaell ColoradoModerator Posts: 206,086

    Question: new to leasing; is it wise to keep the car after the lease is over in July 2020? Currently paying $400 a month, only put first month's payment as down payment. 36/7.5

    Can I negotiate the price of the car with the dealership once my lease is up?

    Car is a 2017 TLX 3.5 Tech FWD

    Curious to know what 2015 and 2016 leasing individuals did after the lease, did you keep it?

    Any answer you get from us now is likely to change multiple times in the next 12-15 months.

    Generally, the residual value of the lease is higher than the market value; the bank won't be inclined to negotiate that price with you.

    How many miles do you think your car will have when the lease is up? If less than the 22,500 you're allowed, Acura allows you to roll those miles over to a new lease, which is nice.

    But, you will not likely be able to replicate your current payment on the next lease.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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