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2013 and earlier-Acura RL Lease Questions
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My question is other than haggling the dealerships down on monthly lease payments, do I need to be concerned with anything else (ie: residual)? I'm assuming not, since the lease price is simply the output of total sales cost, money factor and residual. But I want to make sure I'm not mising anything.
IWith what appears to be increasingly attractive 08 RL lease options, I am interested in seeing what I can expect for Tech package trim with $0 down, 12K mi, 36 mos. Am located in southeast PA
I will negotiate to what I suspect(and hope) will get me at or close to invoice but from there, 3 questions:
1) what is current money factor and how do I use/leverage to determine monthly payment?
2) is MF negotiable? In past negotiations, when I've told dealer what I know to be their mfg & model MF, it is met with resistance or even denial as "their" MF is higher.
3) Is it better to wait until Feb or Mar to lease 08 RL?(will have to pull trigger either way by end of Mar)
Thank you for any help you can provide
Still seeking current lease information(residual @ 52%? MF/buy rate?) on 08 RL Tech Package for
36 mos
12K mi/yr
Preferred credit rating
Also - will recent Fed action (rate cut) positively impact leases and if so, can you estimate when?
Thank you
The money factor that you were quoted looks good. It is right in line with Honda Finance's buy rate for a 36 month lease of an '08 RL. As far as negotiating this lease goes, the best way to get a good deal is to make sure that the dealer calculates your payment using the buy rate lease money factor (which you have already done) and to negotiate as low a selling price as possible on the car that you want. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If I was in the market for a new RL right now, I personally would shoot for a selling price of around $500 over dealer invoice. On an '08 RL with Tech, that would be right around $46,000.
Car_man
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It is difficult to say what the lease program for the RL will be like in March, but given the fact that Acura has made significant enhancements to its lease on this car over the past several months I personally do not anticipate then enhancing it any further.
Car_man
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Car_man
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Thanks again
Car_man
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Selling price 43,521 (would be 2k less if not lease)
MF .00046; Residual 25,307 (50%)
Cash due at signing $2055 including 1st mo pmt and other plus cap reduction
Monthly lease incl. 8.25% tax: $599
Thanks for feedback.
After discussion at dealership the deal was corrected to
Selling price 43,521 ;MF .00046; RESIDUAL 24,295 (48%)
Cash due at signing $2055 including 1st mo pmt and other fees plus cap reduction of 978.
Monthly lease incl. 8.25% tax: $600
But when I looked at the printed "Lease Review", the "GRS CAP COST" went to 44,123. The salesman, who seemed very honest and transparent, said the extra "$595 HONDA FEE FOR LEASE CALLED ACQUISITION FEE" was added into the selling price.
Is this standard fare in leasing or a means of squeezing a few more bucks out of customer? or just judge this deal as 600 per mo with 1000 down?
thanks for any input
Car_man
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Car_man
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Great forum. I am new to Acura RL lease, and was actually in the market for a 5 series until 5/6 (you must know what happend that day). Now I am looking at other options to get most bang for the buck. Few questions:
1. Which lease calculator do you prefer for Acuras? Is there specific one?
2. What's the aquisition fee on Acuras nowdays?
3. What is a customary dealer fee? With BMW it's around $480 + doc fees.
4. Edmunds website states you CAN combine advertized lease special with $4k dealer cash. How would that work? The special is $2500 down including $1405 cap reduction and $499+tax per month.
Thanks for your help!
I actually use my own lease calculator that I created in Excel to work up payments. You can create one yourself using the formula that is outlined in the following article: Calculate Your Own Lease Payment. The lease calculator that is available here at Edmunds.com is a good one as well: Edmunds Lease Calculator.
I believe that Acura charges a $595 acquisition fee on every vehicle that it leases.
I'm not sure what you mean about "a customary dealer fee." Are you asking how much profit dealers typically make on the RL or are you asking what sort of doc fee Acura dealers usually charge?
The $4,000 dealer cash that Acura is providing on the 2008 RL is available on leases of it through Honda Finance. You should negotiate the lowest possible selling price that you can on the RL that you want, as close to dealer invoice as possible, and then have the dealer subtract the four grand from that.
Car_man
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Thanks!
$42598 Agreed price
$43886 Gross capitalized price
$29305 residual value
I only have ~25k miles on the car now. I live 1.7 miles from work.
12k mi/yr with lease price of $588/mo with $0 down.- which is over 09/01/08 and I am looking for another good lease deal. Good luck!
My RL lease is up 09/01/08. What is the best lease I should get for 10k mi/yr, nav system in Houston, TX [my credit score is 783] ? Thanks for your help!
Does anyone know the monthly payment for that car on a 36 month lease with zero down and 12K miles?
Thanks
Hobart
Car_man
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Car_man
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Is that correct? Isn't $2,555 too much to put down at the initiation of a lease?
thanks
Car_man
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Incentives / Dealer cash? Residuals? Money factor for Tier 1 customers?
I'd be looking to do a 36 month lease at 12k.
Thanks in advance. This forum is a huge help.
Car_man
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Im very interested in an 08 rl nav.
What are the numbers looking like now, last update i see here is back in may.
12k year 36 or 39 months.
wondering if the cash back is still in effect for th 08s.
tia.
Car_man
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Acura's new program expires on November 3rd. For 36 months with 15,000 miles per year, the residual is 51% and the money factor is 0.00119.
Best,
Matt
eights38@gmail.com
Are you sure about those numbers for a 2009 RL? They seem low.
Regards,
Mike
Thanks,
Bartley
Here's a little tip, if your initial contact at the bank isn't willing to work with you, lesses sometimes have better luck if they work their way up the ladder to a manager.
Good luck and make sure to let us know how everything turns out.
Car_man
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"We do not negotiate the buyout price" they told me. "Just return the car if you do not want to pay the buyout price."
Now Honda can eat the $5500 loss when they send my 2005 to the auction, but at least they know they can sell me a brand new 2009.
If they had sold me the 2005, I would have driven it for 3 or 4 more years.
Bartley
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I hate the small size of the RL compared to other cars in this price range.
Thanks for your replies.
Charlie
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura RL with 15,000 miles per year are .00250 and 46%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. You can actually reduce your car's payment slightly by going with a 39 month lease. The money factor for the 39 month term is the same, but its residual value is 1% lower.
When negotiating your lease on this car, make sure to take the $3,000 dealer cash that is available on this car into account.
Car_man
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We were interested in 36 months 12k/yea on the 09 RL. But I think our attention is now on the Mercedes E350 4matic sedan. I do love the reliability of Acura vs. the German luxury brands {former Audi and Lexus owner}. I do appreciate all the info to be gathered in these forums.
Charlie
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I'm interested in a base model 2009 RL. What should I know about Acura's lease program on this car right now? i.e money factor, residual, incentives, etc.
I test drove the TL and decided it was "doable" for a leased vehicle. But just for $hits and grins I asked them if they had an RLs on the lot. He said he had 2. One that was with just the base model and another with the technology package. Since I rarely ever used my GPS on my 2005 RL, I asked the sales person if he thought I could get a "deal" on the RL. He said maybe the one without the technology package.
After the general manager came out to see me before I left, I told the GM to give me numbers on the TL with technology and the RL without. After about 5 days of going back and forth via email with the GM, I struck a deal on a 2009 RL without the technology. It had an MSRP in the $47k range and here is the deal I received:
Purchase price of $38890.54
money factor: .00215
Residual: 47% or $22296.80
Monthly payment of $592.49
12,000 miles per year.
My plan is to actually buy this car outright. I love the RL and this one is gorgeous. It's black with the ebony interior. Going to go get the windows tinted tomorrow and will probably pick up the splash guards within the next month or so. I figured with as little as I used the Navigation on the 2005 RL, I would go pick up a Garmin and use it when I need it. The only reason I was able to get such a great deal was that not many people are willing to pay almost 50k for a car without navigation.
I love my new car.
When negotiating your lease on this car, make sure to take advantage of the $3,000 dealer cash incentive that is currently available on it.
Car_man
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If you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well.
Enjoy your new ride :shades: !
Car_man
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