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2013 and earlier-Acura RL Lease Questions
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Car_man
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Car_man
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Car_man
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The Honda Finance Lease deal on 05 RLs at their web site expired October 31 with no lease offers now listed. Are your sources telling you anything about any new leasing program coming along for 2006 RLs?
Thanks.
Car_man
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Car_man
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tia.
I'm wondering what the residual and money factor on a 05 RL should be in the following scenarios:
12K year 36 months and 39 months
15K year 36 months and 39 months
Thanks in advance.
If you answer this, one other thing, where are you getting your information ?
FCC
When negotiating the price, remember there is a 2500 direct to dealer factory cash right now, so you should be able to buy in the 42,xxx range.
As to your primary question, yes you can get a best price and then negotiate a lease based on that price. You should be able to do better then the 599 deal Acura is offering.
If you get the money factor and residual value for the lease term you are interested in, you can go to the following web site to get a good idea what your monthly lease rate should be:
http://www.leaseguide.com/calc.htm
I'm finding it difficult to find the colors I want, black or white. Silver seems to be the most abundant color. I believe inventories are running low now and wouldn't wait much longer on pulling the trigger.
Ended up with $725.90/month with $1670 up front cost.
Hope this helps anyone out there.
As far as the specific lease payment that I estimated earlier goes, I just double checked my calculations and again came up with $616 per month. The lease calculator that is available on this site is a little confusing because I believe that there is no place to manually input vehicles' MSRPs. Instead you have to select a vehicle from a list and the MSRP is put in automatically. This may be part of the problem. Also, the lease calculator on this site seems to automatically add sales tax into lease payments. All of the payments that I mention in these discussions are before tax, which would make them lower.
Car_man
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Car_man
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Did you say that the advertised lease that you saw for this car included a $8,000 down payment?!?! I think that you misread the advertisement. The advertised lease payment that I have seen for this car only requires a $2,500 down payment, and even that is too much. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your RL would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.
Acura is not providing any sort of lease support on the RL right now. As a result, if you were to lease one through Honda Finance, you would have to use its standard lease program. Its standard lease money factor for a 36 month lease is currently .00260, which is equivalent to an interest rate of around 6.25%. This is probably around the same rate that you would have to pay to finance this car. There's nothing wrong with leasing an RL, but there certainly is no advantage to doing so. Whether you decide to finance, lease , or pay cash for this car make sure to take the $2,500 dealer cash that is currently available on it info account when negotiating its selling price.
Car_man
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Do dealers or Honda Finance have any problem with letting you incorporate into the least an accessory like their rear view camera? I was thinking that if it needs to be screwed in or something that they might not want to do it cause it might hurt resale potential. Can you tell me what to expect on that?
Also, at the Acura web site they now have both the 2005 and 2006 RL on the same type of lease offer. What's up with that?
Thanks!
Thanks
Car_man, do you think Acura will come out with a more enticing deal in December and what time of the month should we expect their offer to change or not?
Car_man
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Car_man
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Car_man
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Car_man
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Basically I want this car for 0 down, 48 months, 12000 miles a year-at 560 a month-does anyone think this is possible?
Thanks!
Did you ever negotiate your lease with zero down? I would be interested to see whatnyou were offered
Car_man
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Car_man
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Car_man
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As far as this specific deal goes, the two most important numbers for you as a consumer to focus on are this vehicle's selling price and the lease money factor that is being used to calculate its lease payment. Always remember that the selling prices of leased vehicles are negotiable, just as if you were financing or paying cash for them. Shop around to find the best possible price on the RL that you want. You should be able to get an idea of what sort of price you will have to pay for one right now by visiting the following discussion: "Acura RL: Prices Paid & Buying Experience". Once you have negotiated an attractive selling price, have the dealer that you are working with calculate your car's lease payment using Honda Finance's "buy rate" lease money factor. This is the lowest possible money factor that is available for the model that you are interested in, without any fluff added by the dealer to add additional profit to your deal. Honda Finance's current 36 month buy rate lease money factor for this car is .00260 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit. If you opt to have your car's security deposit waived, increase this money factor by .00010.
So those are th basics on how to get a good deal on a lease of this car. Good luck and let me know if you have any other questions.
Car_man
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$45195
36 month/12,000 miles- money factor 0.00207/Residual 54%
36 month/15/000 miles- money factor 0.00207/Residual 52%
39 month/12,000 miles- money factor 0.00270/Residual 57%
39 month/15,000 miles- money factor 0.00250/Residual 46
are these correct? and if so what would the leases work out to with NY tax at 8.5%
Car_man
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2006 RL with Navigation System1 Starts at $49,300
2006 RL with Navigation System1 and Technology Package Starts at $53,100
I am very interested in what this comes out and would like to gain some understanding from you on how this works.
Please let us know. Thanks.
w/ tech pkg is $53100
The sales person I'm working with at the dealer is telling me the $2,000 dealer cash on this lease does not exist ?
Is there anything I can print to prove it ?
I'm trying to negotiate a purchase price close to invoice and then use the $2,000 dealer cash as a cap cost reduction and plug the reduced price into the lease special.
Thanks,
CribNob
I know Honda leasing is running a lease special for $599 plus tax plus fees and title.
Is that a decent deal I got? ? Please let me know... THANKS
I would be happy to estimate what your lease payments should be like on the cars that you mentioned, but in order for me to do so I need some additional information from you. This info includes these cars' approximate selling prices, how long you want to lease them for, and how many miles per year you need to be allowed to drive them. Let me know and I'll do some calculations.
Car_man
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Car_man
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Car_man
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Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Car_man
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We're in Maryland and trying out Costco "no haggle" car program. I'm not convinced it's the best yet.
Also, I have a 2002 MDX w/ touring package with 54K miles. Lease is up on this in June.
Sales says that the last 2 payments have to be made and never mentioned the Acura cash back on lease.