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2013 and earlier-Acura TL Lease Questions
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Comments
MSRP = 34440
Base TL Invoice = 31706 Base Cap Cost
Costs added to Lease = 595.00 Acura Acquisition Fee
Adjusted Cap Cost = 32301
Residual = Base TL 36 Months 12,000 miles = 58% = 19975
MF = .00081
NO MONEY DOWN
Term = 36 Months
Sales Tax = 6%
Monthly Payment = $407.81
Is this an unrealistic expectation of finding the base TL at $407.81 per month for 36months (12,000 miles) sign & Drive?
Seriously, look over at the Honda forums here at Edmunds..........peopled are getting Honda Accord EX-L V6 w/Navi quotes that are within a few bucks of the Acura TL Type S!!!! Honda is NOT supporting the Accord with ANY specials for the lease of an Accord right now..........the car is too new and too hot right now.
I would take the Acura TL Type S any day of the week over the BLAND looking Accord.........and the payment on the Type S is too sweet not to.
Just for some more FYI..........you CAN get the dealer down UNDER invoice on the TL's right now (Type S included).............Acura is really NOT doing well right now due to the: Cadillac CTS, BMW 3 series, and Mercedes C class.
I would honestly shoot for invoice - $500 ($35,300 Cap Cost) and be prepared to walk out if they mumble and grumble.............you'll get it.
Try running your numbers again using $31,200 Cap Cost. ($500 below invoice)
**Start here, and stop at your max of $407.81/mo.
all season floor mats?
trunk liner
wheel locks..
i've seen some of the cars with this and they have a sticker on the window implying it's an "extra" charge....but I think they just come this way as part of the deal.
should I scoff if they try to add charges for these basic items?
what other optiosn accessories are you all looking to get on a TL-S?
I('ve seen some pics of the a spec body kit and I'm not sold on it. it looks ok from some angles and from tohers it looks tacked on. not sure if I would spend $$ to get it.
also - what color are youg etting vegas?
i am torn between black pearl and white diamond pearl? i've never had a black car and I know they are hard to keep clean, but the black one at the dealer...with those dark wheels....i was imagining it with tinted windows..and darn it would look mean.
i kinda thought the white one, wtih tinted windows might look like ti has too muich contrast...the dark windows and dark wheels would scream for the tail lights to get tinted and then you start looking ricey.
the black one just looks bad [non-permissible content removed] as is.
what do you think?
i hate the red one. the blue is so so. silver so so. carbon bronze pearl looks coolb ut in some lights it looks brown and I dont like that. i think i'm hung up on white and black.
what is going to happen to the pricing of the left over 08s when the totally REDESIGNED 09s hit the lots?
if we are getting .00081 MF now, or $2000 cash back...makes me think that in 3-4 months the deals may get even sweeter.
i'm guessing there will be NO deals on the 09s - they will probalby be selling at MSRP...at least that's my guess...
if a totally new upgraded TL hits the lots in 4 months, and you KNOW there will be 08 TL-S still sitting on lots by then...you'd think those will get even cheaper....
the deal right now on a TL-S is nice, and i really lke it...but damn i'd hate myself if I bought one now, and in 3-4 months I see the price drop another couple grand! or if the 09s come out and it has SH-AWD, more power, for the same price.. DOH!
The car will then go on sale in the Fall as a 09 model.
Don't hold me to this but I have followed Acura's history throughout the years and that is their way of introducing a new model.
No Navi, White/Ebony
36 monoths, 12k miles/yr, 1400 Drive Off, 375/mo inc tax. This is in Socal by the way.
I think its a good deal what do you all think?
Here in Vegas......BLACK cars are a "No, No" because of DUST and HEAT (it gets 110+ degrees for 3-4 months of the year) and you would kick yourself after owning it for 2-3 months!! I do admit, tho.......it looks HOT with the Taupe interior!! I like the Diamond White Pearl, too. However, it looks "yellowish" in some light right around the bumper (plastic parts) and that is worrisome. The Kinetic Blue is nice, but too attention getting........I like the Carbon Bronze with the Type S wheels. The Silver is BLAH, The Red is way too Red for me.
If I had a suggestion for you, it would be this: offer $500 below invoice as a Cap Cost.......have them run the numbers with ZERO due at signing or $1,000 (max) due at signing. If they won't do that........threaten to "walk". I think if you get to INVOICE or a little below........you are GOLDEN. You should be looking at $450/mo + TAX for 36 month LEASE with $1,000 due at drive off as your MAXIMUM allowable on a MSRP of $38,940 Type S. Anything BELOW that is a STEAL!! **Maybe ask them to "throw in" Rubber Floor Mats or Window Tint (something that runs $100 - $200 to sweeten the deal??)
Not sure what Ca Tax is, but I assume 8%?? So, you got for $348/mo before tax?? WOW!! GREAT DEAL!!
The "Holdback" of 3% is TRUE.........the dealer will get a check for 3% of the MSRP on the car they sell (within 90 days on the lot) from Acura. PLUS, you have to believe there is some "hidden" marketing support from Acura in the $500 - $1,000 range to help MOVE these cars.........TL and TSX.
So, get it while the gettin' is good, I say!! The 2009's won't show up until Sept/Oct and they will sell at MSRP for at least a year..........you'll be able to get a deal at the end of your 36 mo lease.......perfect timing!!
Driving an Acura at a Honda payment........very cool.
Thanks,
Noah
AskNoah@icloud.com
The TL on the other hand is still in test mule stage according to spy photos from many mags and wont hit the lots until at least July/August 08, as an 09. Plus the price will probably a few thousand more and you will be paying close to MSRP so look at spending $4-5k more versus the deals you can get now.
Now for the good stuff.
08 TL non Nav Diamond white pearl with taupe interior. MSRP $34,440
Selling Price $31,500(around $113 under invoice by my calculations)
Rolled the $595 acquisition fee in for cap cost of $32095
36 Months/15K miles per year(56% RESIDUAL, .00081MF)
$12,808 depreciation(355.77/month)
$1,497 rent charge(interest basically only $499/yr or $41.58/month thats cheap)$429.12 Tax(rolled tax into payment for $11.92/month)
Total Payment $409.32 includes deprecation, rent, and tax
Paid out of pocket Doc Fee $398, Tag $74, Up front Tax $14.16, First pmt $409
Total $895 out of pocket
Hope this helps anyone else in search of a new TL. The really are a great deal for one extremely nice automobile.
Thanks,
Noah
AskNoah@icloud.com
Keep in mind... the tax on leases is an extra 3% in PA, so if your rate is 6%, then the lease tax rate will be 9%.
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The best quotes I received for an 08TL with Nav was $33,500, so that is the purchase price I will work with. The residual for that car for 36 months with 12K per year is 57%, msrp is $36,940, so $21055.80 is residua($36,940x.57) If you bought the car for $33,500 then rolled in the acquisition fee of $595 as I did your cap cost is $34,095. Your depreciation is then cap cost minus residual, $34,095- $21,055.80 = $13,039.2. Take your depreciation $13,039.2 divided by 36 monthly payments = $362.20which is your monthly depreciation.
Then to calculate rent you must add your full depreciation, $13,039.2, plus full msrp, $36,940, = $49,979.2. You then multiply this figure,$49,979.2 by the money factor, .00081, to get the monthly rental charge = $40.48.
To calculate tax you multiple your depreciation, $13,039.2, by your tax rate, 9% or .09 according to kydfx the host = $1,173.52. This is your total tax divide this by 36 for your monthly tax rate if you want to roll it into your payment, $1,173.52/36=$32.60 monthly tax.
Add monthly depreciation by monthly rental charge by tax and you have your total monthly payment $362.20+$40.48+$32.60=$435.28
You should then only need to pay for any dealer fees and tags around $500 in NC and your fist months payment of $435.38 to around $900-$1000 total out of pocket.
Thats what it should look like if you get the vehicle for $33,500 If you get it for less you will be under and if you pay more of course your payment is higher.
Emailing a bunch of dealers off the get go is the way to go in my opinion and then just ask the one who is closest if they will match the best price you are able to work down to. The way TL are building up right now on their lots chances are they will. I hope this helps and good luck.
What would the Money Factor and Residual be on an 08 TL (Non Navi) if I go with 15,000 miles per year?
Thanks!
thank you again for your response...
Thanks,
Noah
AskNoah@icloud.com
Thanks,
Noah
AskNoah@icloud.com
I know 3 yr./ 15K for TL base is 56%. Is TL navi the same?
Thanks everyone!
Al
Nav's residuals are 1% lower than non nav. 08 TL with Nav is 55% for 15k per year.
cndnbkn
Yea I found that today, at a dealership. For those who also want to know, the TL-S has a 53% Residual for 15K/yr.
the incentives on the leases now are good. they run for another couple of weeks.
if one were to "gamble" and wait until AFTER this incentive/ MF expires to see wha they offer in January/Feb.... what are you all guessing will happen?
deals will get even better?
or they will drop this deal and go back to the prior higher MF and the "deals" will be gone?
what has happened with these kinds of "specials" in Honda/Acura history?? do they offer some smokin' deal temporarilya nd then go back to regular...or with the market being slow..will they get mor desperate and make it sweeter.
Carbon Bronze with Taupe/Black interior (just looks GREAT as a combination!!)
MSRP $38,940
Cap Cost $35,832 (invoice)
Acura Bank Fee $595
Dealer DOC Fee $399 (not negotiable, had to pay it)
36mo/10k miles yr
MF=0.00081 (1.95%)
Residual=56%
**Dealer threw in 2 free oil changes & window tint (about $400.00 total)
ZERO due at signing (just signed papers & drove away, everything got rolled in) PLUS, doing ZERO due/sign & drive, your 1st payment is made in the deal!!
$520/mo INC TAX ($483/mo + $37 tax) for 35 more months!!
This was the best I could do without driving 4 hours each way to another dealer in Californina to save a few bucks. I probably could have saved $10/mo, but 8 hours driving + 2 hours at dealer to save $350?? Not worth it to me.
Hope this helps everyone............I really had to shop around to get this deal. I agree with other people here in this forum........it really helps to contact numerous dealers and get quotes, then take it to your local dealer. Good Luck Everyone!!!!
I just picked up my 2008 TL Type-S, too. Carbon Bronze w/ Taupe/Black interior.
Enjoy your new TL!! I am sure you will!! I can't wait for mine to get passed the "break in" period..........then........whomp, whomp, whomp!!
Who was your dealer? I went and test drove the TL, it was nice but then saw the TL-S and gave that a test drive. All of have to say was WoW!! So now I have to get a TL-S. So let me know who your dealer was.
Thanks, and Enjoy your new car!!!
Did you ask them what the Dealer DOC fee is for? I've heard of it but it's usually not more than $50. Just curious.
And congrats on your new car! I'm possibly trading in my current lease, which ends in March, for a Type S in the next couple of weeks. Hopefully, I can get it for invoice like you.
Alex
My current TL lease also ends in March and planning to get the TLS.
How are you getting rid of you current lease till then?
I was planning to sell mine to Carmax and having them payoff American Honda, doing it this way may get the maximum amount instead of doing a trade-in.
Are there any significant differences in residual values between MT vs. automatic cars?
One dealer told me 6MT TL's may sit longer in the lot than automatic ones, since not all TL buyers prefer manual trannies.
I was just planning on trading it in. Unfortunately, there isn't a Carmax in my area, not even in my state.
Can you explain the process of selling the lease to Carmax? If the value of your car is worth more than payoff, what happens with the difference? Also, can you name a few other companies out there like Carmax? Thanks.
So, I could have went to California and saved $399-$45= $354. BUT, it was a 4 hour drive each way.........plus probably 2 hours for paperwork & car prep time. So, the extra 10 hours wasn't worth $354...........not to mention I would have to buy gas for my car and use up miles, too.
We only have 2 Acura dealers here in Las Vegas. There are a TON more in California, but I am seeing that Acuras aren't moving well right now.........so the deals are there for the taking!!
P.S.
The Carbon Bronze TL-S looks AWESOME with the tint on the windows......SICK!
Well, good luck to you on your "hunt" for the perfect Acura!! I highly suggest the TL Type-S..........my Carbon Bronze (now with window tint) and Taupe/Black interior looks absolutely.........SICK NASTY!! HA!! Love it!!
I talked to AHF a couple of months back and asked them about selling the leased car. From my understanding, as long as AHF gets their money (the payoff amount that is current for that month), you can pocket the rest. Just to verify, I'm going to call and talk to them again.
My car is way under the alotted mileage and is in good condition; pricing it through kbb actually nets me $3K in "profit", if I sell it. I'm not sure if that's accurate at all, but it's worth a shot getting it appraised @ CARMAX.
Have you gotten your car appraised yet?
I'm interested in what they're going to value it as.
Here's the whole story. I got a call from someone at my Acura dealer last week. It was just a courtesy reminding me that my lease is ending soon. He was inquiring about my plans after lease end and if I planned to lease another Acura. I told him I was interested in the Type S. I assume he's a loan officer stationed in the dealer because he pulled up my payoff amount in seconds. I doubt a sales person would be able to get that info.
Anyways, he asked the basic questions about the condition of my car and also ran a carfax report on my VIN. Btw, I have an 04 Non-Navi NBP/black with 21,500 miles and in average condition. It came back clean and he said it will have no problems for certified pre-owned resell. That was it, I wasn't really interested at the time so I didn't bother to get into details. He threw some numbers at me for the Type S and I politely passed on his offer. It was too high anyway.
I checked KBB and my payoff is less than car value as well. But the problem is, there isn't a Carmax within my area. The closest one to me is in CT which is like a 3 1/2 hour drive. I know the dealer will definitely mark down the value of my car so that it comes out even to the payoff amount, no negative or positive equity. I would consider selling it privately but I'm lazy. I guess I'll have to see what exact amount the dealer will offer me first. If it's $2000 less then I will go through the troublesome paperwork and documents of selling privately. Otherwise, I would probably just take a little loss and trade it in but make it back on the selling price of the Type S.
Go to www.carmax.com and search on 04 TL's.
Most of them are selling @ > $22,000 with 40K+ miles.
Thanks,
Noah
AskNoah@icloud.com
Yes, it is 0.00081 (1.95%) for 36 months...........GREAT TIME TO LEASE!!
Your quote on a 2008 Acura TL/Navi sounds very, very good. Almost too good. I think this would be a quote more in line with a 2008 TL BASE (MSRP $34,440) and not on the TL/Navi. IF IT IS correct.........jump on that deal!! That's $4,941 discount!!
Here are the Residual Values (based on 10k miles/yr & 36 month LEASE):
2008 TL BASE (MSRP $34,440) 59%
2008 TL/Navi (MSRP $36,940) 58%
2008 TL Type-S (MSRP $38,940) 56%
***Just SUBTRACT 1% for a 12k/yr lease
Don't forget, there is an Acura Bank Fee (AQ FEE) of $595 (LEASE).
Let us all know how you did!!!
1.Noah,
Thanks for contacting me regarding pricing for the TL with navigation.
I am pleased to offer you a price of $31975 plus tax and tags along with a finance rate APR of 4.9% for 60 months subject to approval.
We have a great selection of colors with the black exterior and the charcoal interior available.
Please let me know when you want to complete the transaction.
2.Vehicle You Have Requested Information OncYear 2008 Make:Acura
Model: Tl With Navigation System
Stock#
28A0153
New MSRP
$36,940
Your *e-Price
$32,048
3.Noah,
The best I'm can do it 31,999(including Destination) on a 2008 TL w/Navigation
I can also offer 2.9% financing for up to 36 months and 4.9% for 48-60 months.
These are no haggle numbers and I look forward to earning your business.
Thanks,
Noah
AskNoah@icloud.com
Good Luck with your deal. The math pretty much works out that it is better to lease, anyway you run the numbers.
I've seen the color combo I want at the local dealer but it does NOT have the a spec body kit on it. I know the kit is sold prepainted, so the dealer would only need to order it and then install it once it shows up.
can I roll the cost of the body kit into my lease, even though it was not preinstalled on the car at the time i do the lease paperwork?
I assume I can do the paperwork, and have the cost of the bodykit factored into the cost of the car, and then bring it back to be installed. i live 5 min away so it would not be a big deal.
ALSO - If I drive a hard bargain - I think I should be able tog et them to throw that in for invoice cost and install it for free. how much would that REALLY cost if they did it at COST?
IF I can get the a spec kit as part of my lease - does the MSPR increase by the price of the kit, so the residual will be higher...or does the MSRP they use for the lease stay the same as a stock one and I just pay extra for the body kit?
it makes less sense to add it if I have to just pony up the money for it, and then at the end of the lease, theyt ake it with the car when I turn it in....but if I can effectively recoup part of it via the residual...even better.
how does that work?
Thanks,
Noah
AskNoah@icloud.com
I think everything you mentioned looks good but i was curious on the $1,000 at sign in. i understand the first payment of 484 plus the plate transfer fee of 78 but what is the other extra you had to pay for ?