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2013 and earlier-Acura TL Lease Questions
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I just spoke to my dealer and they informed that the MF for January is .0025 or 6 %, is this correct? Last month it was .00165 or 3.96%.I thought things were bad for the Auto Industry, shouldnt they be looking to keep the rates competitive?
From Island Acura
Wish I could say it was better....but it's not !! If we
structure it with only the Bank fee & 1st payment upfront,
the front-wheel - Tech would be 39 x 10,000 thru AHFC
and the payment would be $528 ! Plus....this program is
only offered till 2/2/09.....
Will keep you immediately informed if AHFC comes out
with any enhanced programs....Thanks...
Looking at a 36 or 39 month lease with 15k miles/yr.
Pulling the trigger soon on this deal, any help is appreciated.
What it did do, however, is introduce new or higher lease cash on a number of models. This new cash is not enough to offset the worse lease program, but it helps. It is now providing a $500 cash incentive on leases of the base 2009 TL and $1,000 on the '09 TL Tech.
Car_man
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Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 TL AWD Tech with 15,000 miles per year are .00250 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
When negotiating your lease on this car, make sure to take advantage of the $1,000 dealer cash that is currently available on it.
Car_man
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The numbers for an otherwise identical lease of an '09 TL Tech are .00250 and 57%. If you were to lease either of these cars for 39 months, their money factors would be the same, but their residual values would be 1% lower.
Acura is now providing $500 dealer cash on the '09 TL and $1,000 on the '09 TL Tech. Make sure to take this cash into account when negotiating the capitalized cost for your lease.
Car_man
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How can i get the numbers for February as soon as they come out?
What are most people getting for the capitalized cost on 09 TL awd tech...invoice, below invoice?
Thanks so much! I appreciate your help!!!!
"What a Lease Special" * that will be available between January 23rd and February 1st. Take a look at the monthly payments and pay attention to the low Total due at signing!
2009 Acura TL Lease
Lease a 2009 Acura TL for only $359 per month
In order to take advantage of the What a Lease Special Program you need to sign your contract between January 22nd and February 1st. Total due at signing and payments include all taxes and fees except for the rent charge.
Please feel free to check back with me next week and I will be happy to let you know if Acura has made any changes.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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the SH-AWD w/tech for that price?
2009 Acura TL AWD Tech with HTP @ $43,900 for 572 per month
The terms 39 months.
1500 out of pocket.
not sure if this is accurate.
the cap cost quotes i've received have ranged from $35,000 to 34,300
the various sales guys have mentioned the $1000 cash rebate as well as $700 hold back. I also think that the money factor is really high for january .0025 considering that one of the sales guys told me that last month for tier 1 credit, it was .0009!
Hoping for new February Money Factor numbers!!!!!!
However, are the mileage allowances (10k vs. 12k) independent of the residual value?
because i'm getting different residual quotes based solely on the mileage:
i.e. for the 09 tl with tech, for 39 months - @ 10k mileage it is 59% residual and for 12k mileage it is 58% residual.
Is this right? does honda financing set a residual based on a fixed mileage amount (15k). or am i getting screwed?
just learning the facts... feedback is appreciated. i love this site. what great info to help us compare facts and offers.
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are being given. If I was in the market for a new TL right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $500 dealer cash that is currently available on the base model.
Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your monthly payment using Honda Finance's buy rate lease money factor of .00250 (for consumers who qualify for its top credit tier).
Car_man
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I have been following this forum for a few weeks now and have gained a lot from it!
Had a basic question - apologise if it has been asked and answered before!
When I go to a dealer to get a quote, he asks me for a credit check. If I do that, then how bad is the hit on my credit report? Is it better to do all the shopping just before buying? or can I keep checking out the new stuff and getting quotes all along and pull the trigger when I get a good deal? If each credit check is going to be a hit on my report, then are there any suggestions on how the experts in this forum go about it?
I'm on the lookout for a new Acura but not really in need right now - however, happy to go for it if I get a good deal.
Thanks for reading! Replies appreciated!
--Shyam
The only time the dealer should check your credit is when you actually agree upon a price and a deposit is made with an application for credit.
Word of advise- know your own credit score before you walk into any dealership, this way you better know what Tier you fall into in regards to getting a low APR for financing or a low lease rate money factor.
When I went to the Acura dealership, the guy showed me a board which said they cannot quote any price till they check my credit!
I know my own score and told him so but in reply he pointed to the board
So I guess I should check out a few more dealerships around.
Can you tell us the February 2009 money factors and residual values for a 2009 TL? The proposed lease is 39 months and 12K miles per year.
Thanks!
Can you tell me the February MF and residual for a 2009 TL AWD Tech for 36 month lease and 15,000 miles?
Also, is the $1000 Dealer Cash still active?
How much over/under invoice would you shoot for on the capitalized cost?
Thanks so Much!!!!!!!!!
I'm looking for an '09 TL with Nav/tech pkg. (Not SH-AWD).
The local leasing outfits are offering 39 mo,10k mi/yr (which is plenty for me) $0 down for $455/month before NYS taxes, $504/month including taxes.
(They're offering the base TL, same terms, for $399/mo).
Is this reasonable, or should be negotiating with the local dealer?
Thanks again.
If your deal is indeed $0 drive off/ $0 down and $455/month than that is a really great deal! The best deal i got a week ago was $1000 drive off/ 0 down, and $462 a month (w/o tax). Since the money factors;residuals stayed the same for February, not much has changed.... i'm still in a holding pattern until March numbers come out.
With my broker, the only Drive-Off fees are cost for plates and first month's lease payment.
No security deposit, no cap-cost reduction. No bank charge - it's rolled into the lease payment.
I think this is as close to $0 down as possible, no?
The drive-off for the TL TECH (no awd) included: DMV reg fees, first month, and some other costs and fees. I didn't get a chance to really drill down to every $ yet because everytime i talk to a sales guy, they would give hedgy answers....they have no problem giving the sales price, $ down, and monthly. It is not until i start inquiring into residual values and money factors that the salemen i have been dealing with get a bit more sketchy. So, has been a bit more challenging getting full disclosure in all fees (i know for sure...acquisition fee:$695).
Regardless, after running the basic numbers, i still think that $1000 dirve off and $460-ish a month was a great deal. But i'm still waiting another month to see if i could do a bit better.
If your deal is $0 up front at all with that $462/month, that is a really good deal.
Do you know what the sales price this is based on?
thanks.
same package as above (all taxes, bank and acq. fee included) - $510/month.
Only initial fees are plates and 1st month lease payment.
$573 or $525 @ 12k miles/yr
$591 or $543 @ 15k mles/yr
$2750 down (to cover taxes), plus first payment and license fees
Includes GAP insurance to cover the vehicle in case of a loss
No disposition fee at lease end
No security deposit with approved credit
Up to $1500 excess wear/tear waived at lease end
Seems high?
The car has a MSRP of $39,445..$449 per month..39 months $1855 down payment..$0 security deposit..10000 mi per year.
$2899 due at signing which includes first month and doc fees.
Lease is through Honda corp.
Car man what do you think?
I live in So Cal here is the quote I got for the same car (msrp 39,445)
$1000.00 drive off
467.49 plus tax per month
15,000 miles
39 months
Rob
Rob, what area of CA did you find this? Did you have to negotiate this or was this a special lease program in CA?
The one I was offered was through Honda Corp which I thought was a nation wide lease...they had the bare TL at $399 and then I found this one for $449 ..it's the TL with the Tech package.
Automan..how do I find the numbers you asked about since this is a special lease program through Honda Financial ? Can this be negociated?
Rob's numbers are good, best price I've got so far on the TL-Tech is $35,316.00, where you are getting screwed is the down, or drive off, that should only be the first months $449+tax+registration= around $800.00 total drive off. I don't know how much you drive but Rob is figuring 15,000 per year thats why his payment is alittle higher. As long as I am here CARMAN what is the current money factor, and res.with 15000 miles, on the TL Base, and Tech, is it still 0.00250?