Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Jeremy, you mentioned attempting a deal of $600 or less per month w/ total out of pocket not being more than $1500. I think you can do it, but it might involve using some of that $1500 as a cap cost reduction. My out of pocket is almost $1000 (TTL, and 1st month), while you have about $500 more to play with. Anyhow, they were pretty firm about the money factor, and I researched Car_man's lease forum for sometime before negotiating.
I also researched some of the car's you mentioned, and was leaning a lot towards the A6. I wanted AWD, but I guess the thing that tipped the scales for me was all the gadgets and technology on the RL. I realize that such tech is more prone to issues, but I'll take my chances. The performance isn't too shabby either, as the RL has had many favorable reviews in comparison tests. Edmunds comparo being the latest That plus the discount being offered seemed to be the clincher for me. It was either a base A6, or a fully loaded RL. Euro appeal aside, I decided to go Japanese.
Anyhow, I pitted two dealerships in a bidding war here in Sacramento. Niello Acura versus Elk Grove Acura. Guess what? They both went down to the $41,500 mark. Niello had the dealer demo, while Elk Grove offered a brand new car with only 14 miles. The only reason why I decided to go with the dealer demo from Niello was because it was optioned with a rear spoiler, all season mats, wood shift knob, and chrome wheels. Elk Grove didn't have one with such options. Added together these options retail for $2000+. So, in sacrificing some mileage, I ended up with a car loaded to the gills. I'll be taking delivery today, impressions of the vehicle to come later. Thanks for the feedback in this forum. And folks, please post your deals to help others! Details, details, details...
I guess what I am getting at is trying to determine if the $41,500 was really $44,000 minus the money from Acura. So could that $41,500 be repeated now? I am, at this point, really wanting to go with the RL for the same reasons as you.
Thanks for your response!
I personally don't think it's worth the $500 to make the trip. It's probably not a good idea to put that many highway miles on the car right off the bat. Most car manufactures want you to break the car in with variable speeds - in city driving, not highway. Plus, usually your local dealer will offer a free oil change or two. . .
Good luck, you'll love the car!
Rod Ryan and his auto group have done well and my thinking is they will have a great future.
best of luck with your RL--I truly love mine
Steve
TIA
Steve
Thanks.
The only thing that might make a difference in the selling price in a lease vs. an outright purchase is if the manufacturer is offering a cash incentive to the customer to buy or lease. If I'm not mistaken, Acura's $2500 dealer cash is available whether or not you buy or lease. Make sure you let the dealer know it is available, however. My dealer's leading offer was only $1000 below sticker. When I mentioned the dealer cash issue and the fact that prices are widely being reported on forums like this one that are at or below invoice, my dealer quickly dropped their asking price to below invoice. And, as I mentioned in my prior post, my final price was well below invoice.
Bottom line is that you should be able to get invoice or below, and $46K is way too much to pay. I suspect that price will fluctuate by market, but there are a lot of dealers out there who are willing to apply some hefty discounts to these great cars.
Also, anybody know when the 2006s are arriving at the dealerships and will that make a difference on 2005 lease prices?
I'm still seeing a total rolled in payment of $650.00 per month on leasing a 2005 Acura RL, tax included, but not licensing, 12,000 miles. 36 months. How are you guys getting the 15,000 miles thrown in? Are you paying extra for them?
Also, anybody know when the 2006s are arriving at the dealerships and will that make a difference on 2005 lease prices?
Not sure what part of the country you are in.... but in NJ I was able to pick up a lease for 36 months, 18000 miles per year for 619 per month. That number includes tax, etc. I only paid out of pocket first month, acquistion fee, and license fee. Total out of pocket was 1470. I had a great experience at Clinton Acura in Clinton NJ. I know one other person on this forum mentioned them also.... and they got a 25k per year lease for a great price also, I think.
:shades:
$539/month (taxes included), 15k miles, 36 months, $2450 down (includes inceptions and an extra $800 or so).
I didn't take the plunge yet, since I was trying to get the extra 800 off on the down payment. Does this sound like a good deal as is, or should I insist on getting that 800 off too?
Thanks.
On the incentives page of this web site it shows a lease price deal or incenstive from Acura that is WAY ABOVE what anybody on this forum is reporting. How can that be? Can anybody explain that?
How could that be an incentive when so many on this forum are reporting getting their cars so much cheaper and with more mileage included????????
Could it be that those on this board are leasing there cars through a different finance company than Honda financial?
I'm not happy to see the new options on the '06, I would want gadgets like that (especially the adaptive cruise control!) but I can live without if I get a great deal. I'm not happy that the wood accents are such an expensive dealer-installed add-on.
Can you say what the cap cost was of your vehicle. I mean the amount they agreed to sell or lease it for? And did you have to put anything down or was it all rolled into the monthly payment?
I too am in Central Jersey - what dealer quoted you that deal? Was it Montclair Acura? They seem to be aggressive. I would take those numbers if I could get them. Mickey
My deal at was:
-cap cost: $42,641 (including acquisition fee of $595)
-monthly payment: $620.02 ($575 plus 7.75% tax)
: $1014 (first month plus reg, no security deposit)
-15,000 miles
I did a little bargaining between Elk Grove and Niello via e-mail and phone. Elk Grove internet sales was at first was not responsive to my offer (insulting my intelligence), but Niello internet sales got it right away
I did have a very unpleasant experience with the delivery. Unbelievably, the dealer "lost" the radio code, so radio was for 24 hours after I took delivery while they were researching issue with Acura. I sent a very pointed e-mail threatening to escalate the issue unless they solved the problem the next day. I asked them to switch out the radio with another one that had a code, and they did. Lesson learned: make sure everything in the car is operational and to your satisfaction before signing the lease or purchase agreement.
Very happy with car. Lakeshore silver, ebony interior. Sound system was worth waiting for. I was going back and forth between Acura and Lexus GS 300. Lexus performed better on test drive, but Acura is more spacious and a much better overall value.
Is now the best time to buy and has anybody gotten an especially attractive lease deal lately? If so what did you pay including payment, down payment (if any) tax, miles, etc.?
Also, what has been the most popular color, inside and out, for this car? Probably white or celectial silver with taupe interior?
Any concrete data on the 2006, specifically dates, pricing, changes, etc?
42 or 48 month lease, 12,000 mi per year
60 month lease, 15,000 mi per year
-Akshay
It seems a MF of .00235 and a residual of 47 - 49%. On the other hand, I was quoted by an Acura dealer the same 48 month term at a residual of 58%. Need to do more research before I commit.
Did everything via email...Santa Monica Acura quoted me $42,795 (includes dest) and Valencia matched it (I live in the area). My first Acura (but have owned Honda's) and I love it.
Total Cap Cost: $41,000
Residual Value: 57% or $28,311.90
Money Factor: 0.0024
Sales Tax: 8.25%
Term: 36mo/15k miles
Total Payment including tax: $547.00 per month
Out the door Cost: $2100.00
I paid a little more than I could have on the out the door costs, but the deals are out there for the taken right now.
The dealer quickly said "OK" to my $43,800 offer. Did I leave too much on the table or is there something I have overlooked? The other local dealer didn't want to go below $46,000.
Thoughts/feedback/info???
Be sure to add the $695 destination charge to the invoice price..
Just curious... why are you talking to dealers about their invoice price? I find that is counter-productive.. Figure out a fair price, then make an offer... Discussing the dealer's costs is a no-win situation..
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Don't listen to the explanations... Offer a fair price.. they either take it, or they don't... Why they won't take it is irrelevant..
You might try the telephone... There are a lot of dealers within 2-3 hours of Cleveland... Acura of Dublin has a good reputation...
Call a few up... ask for a salesperson... Tell them you are interested in buying an Acura RL for $4X,XXX, and ask if they would be interested... you should be able to gauge the market fairly quickly..
But, $43,800 + tax will be more than $46K out the door... If you try to match the lowest price you've seen here on the boards, you will likely be disappointed.
Good luck!
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
appreciate your reply
New white/tan RL w/ wheel locks and truck tray. Buy price of $43,800 plus $400 doc, plus NC 3% tax, plus $62 tags. Lease price with $2050 out the door (includes 1st month pmt and no security) then 35 pmts of $561 with 12K miles.
I took the lease deal as it had a lower net present value for me. The lease assumed a residual of $29,305, but I think the real end of 3 yr value will be closer to $24000 (which is what the non-American Honda leasors use.
Here is an update on my search for a RL with Michelin Pilot Sport A/S tires instead of the OE Michelin Pilot HXMXM4 tires. I told the dealer that if he swapped the tires, I would buy the car, but he refused! He tried to get me to buy the car as equipped, and then swap the tires out myself. I checked with a few tire shops, but none of them would give me credit for the HXMXM4’s. They said that after the car was sold and registered, they couldn’t sell the tires as new tires with a new warranty. This dealer didn’t even offer to change them for me if I bought them from Tire Rack. This would in effect increase my price by nearly $1000. I spoke to another dealer, and asked him to match the price and trade in that the first dealer had given me, and also substitute the Pilot Sport A/S tires for the HXMXM4’s, and he agreed, that is until I arrived at the dealership. After about an hour of driving and examining the RL we discussed pricing. Since we already talked about it on the phone, I thought it would be a quick discussion. It was, but not the way I envisioned it. This dealer offered me $2500 less for my trade! As I began to ask why the big drop in trade in value, and he began to give me some BS answers I got so pissed off that I just walked out. So both dealers lost a sure sale, and it is all because of GREED. It is bad enough that they cry that they don’t make any money on the trade (it just goes to auction) and the purchase price of $44.3k is such a great deal for a $50k car. They were knocking $5k off the MSRP. Hell, Subaru is reducing the prices on their leftover 2005 Outbacks by $5k. Percentage-wise that is a much better deal. Now if I only wanted an Outback
Since I don’t need a new car, I’ll just keep my 3-year-old Audi for another 4 years or so before passing it down to a family member. When I go shopping again at that time I won’t be trading anything in, so the process should be much smoother. If any of these dealers try to get too greedy again, I’ll walk (again). The RL is a nice car, but so are the M35x and A6, to name two. Enjoy your RLs guys (and gals). Who knows, in 4 or 5 short years I may have one too.
Well, you can attribute any uncompleted transaction to that then. Perhaps you just asked for too much? They're in business to make money. You didn't want to spend that much, so you walked. Maybe you lost out on a car because of GREED Obviously you're not serious about buying right now if you're quick to keep your current car for 4 more years.