Lease Numbers do not add up?

LokiJodinsonLokiJodinson Member Posts: 2
edited October 2021 in Acura
I just got back from a dealership and the numbers on the 2021 TLX AWD Tech package don't add up. Any help would be appreciated.

MSRP: $45,025
Discount: $500
Rebate: $2,500
Adj. Price: $42,025
Doc Fee: $795
Tax: $1,777.03
Tags: $212.78
Balance: $44,809

Residual: 57%
Money Factor: 0.00066

Monthly Payment with $2,500 down is $564.

Any feedback would be appreciated.

Comments

  • MichaellMichaell ColoradoModerator Posts: 198,710

    I just got back from a dealership and the numbers on the 2021 TLX AWD Tech package don't add up. Any help would be appreciated.

    MSRP: $45,025
    Discount: $500
    Rebate: $2,500
    Adj. Price: $42,025
    Doc Fee: $795
    Tax: $1,777.03
    Tags: $212.78
    Balance: $44,809

    Residual: 57%
    Money Factor: 0.00066

    Monthly Payment with $2,500 down is $564.

    Any feedback would be appreciated.

    What is your location?
    $2500 total out of pocket, or $2500 plus first payment?

    The MF on the TLX is .00040, not .00066 (that happens to be the base MF on the Honda Accord, however). We don't see Acura dealers marking up the MF.

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  • kyfdxkyfdx Moderator Posts: 202,724
    .00066 MF is for Tiers 4-13.

    .00040 MF for Tiers 1-3

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  • LokiJodinsonLokiJodinson Member Posts: 2

    @Michaell said:
    What is your location?
    $2500 total out of pocket, or $2500 plus first payment?

    The MF on the TLX is .00040, not .00066 (that happens to be the base MF on the Honda Accord, however). We don't see Acura dealers marking up the MF.

    I live in Fairfax, VA. $2500 total money out of pocket which I am guessing will be inclusive of the first payment. Not sure why they would change the money factor and try to hit me with a tier 13 credit. I have owned multiple Acura's and should be in the 745+. I know there is shortage but that's really not cool.

  • MichaellMichaell ColoradoModerator Posts: 198,710

    @Michaell said:

    What is your location?

    $2500 total out of pocket, or $2500 plus first payment?

    The MF on the TLX is .00040, not .00066 (that happens to be the base MF on the Honda Accord, however). We don't see Acura dealers marking up the MF.

    I live in Fairfax, VA. $2500 total money out of pocket which I am guessing will be inclusive of the first payment. Not sure why they would change the money factor and try to hit me with a tier 13 credit. I have owned multiple Acura's and should be in the 745+. I know there is shortage but that's really not cool.


    I wouldn't guess - I'd get an itemized list of what the $2500 covers. VA collects sales tax on the entire selling price, too, so I'd want to be clear about that, also.

    It's possible that they quoted you the higher MF since they haven't pulled your credit yet.

    Edmunds Price Checker
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    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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