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2013 and earlier-Acura TL Lease Questions
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Comments
36, 39, and 48 months?
Any help would be appreciated.
Thanks in advance.
If I was in the market for a base '09 Acura TL, I personally would shoot for a selling price off around $500 over invoice minus the $1,500 dealer cash that is currently available on it ($1,000 under).
It's difficult to say when Acura will pull the plug on its lease support for the '09 TL. Given the fact that the '10 model is not out yet, I suspect that the support for the '09 will be around for at least another month. Again though it is difficult to predict what manufacturers will do with their future incentives with 100% accuracy.
Car_man
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I only know that a 2010 AWD w/ Tech 36 mth 12k/per year lease was at 56%.
I went the 2010 route because the payments were relatively close and my local dealer didn't have 2009 SH-AWD left. The money rate was the same between 2009 and 2010. You won't get as big of a discount but the residual should offset that.
I am looking to 36 months lease of '10 TL with tech. package. I am located in Phila. area. What would you consider a good deal with $0 down? I mean monthly payments including 6% PA tax.
Thank you,
Boba
I need the money factor and residual for a 2010 Acura TL SH-AWD w/Technology.
This will be a 36 month lease with 12,000 miles per year. I am in Florida.
Thanks!
According to my calculations, if you were to lease a '10 TL Tech that has an MSRP of $39,645 and a selling price of $36,504 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $523 in certain areas and $551 in the rest of the country.
This car's lease program varies by region. Fortunately, Pennsylvania is one of the states that the better program is available in.
Car_man
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Fortunately, you as well are in one of the states that has the better of the two lease programs that are available on this car right now.
Car_man
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Can you let me know how this car leases in NC currently? I am looking for 36 months and 18k miles per year. Is the selling price currently a little over invoice? My credit will be top tier.
It doesn't sound like there is much movement as far as production of this vehicle. I have 2 months left on my lease. Should I wait a little while and see what happens towards the end of the year?
MSRP was $38,835.
Gross Cap Cost was $37,202.04 (incl the $595 acq fee)
Residual was calculated to be 59% ($22,995)
MF 0.00188
36 months/12K year
$3,000 down (incl 1st month pymnt) and $500/month incl. tax
I know I shouldn't ask as most likely I would regret the rush...but here...
Questions:
1. I wasn't sure if this is good deal. Do you think I made a bad deal? Thanks!
2. With that residual, assuming the car ran perfectly fine during the lease term, should I buy it out (or is it too early to tell?)
Thanks.
I'm looking for what competitive monthly lease payment ($/month) wouild be for:
- 2010 TL 3.5 AT Tech
- 36 month lease
- 10K/year miles
- $7K total down
- no trade
- Columbia, MD area
Thanx
C.
- 2009 TL 3.5 Tech Auto FWD
- 36 mo lease
- 12k/year miles
- $0 down
- Cap cost 33,866 (2500 below invoice)
- 53% residual
- .00235 money factor
I've been following your forums for a few weeks now, and I must compliment you on giving such helpful information and advice on this very complex process of leasing cars today. I have also followed the motto for years to put as little down as possible up front when leasing, but I hadn't considered the reason you mention of losing it in the event of a vehicle loss/theft etc.
On to my question: I'm looking into leasing either an Acura TL base or TSX 4-cyl base for 36mo/12,000mi/yr in NJ, but I'd be flexible up to 39mos. No cap cost reduction, of course. I'll readress the TSX question in it's own forum later, but could you tell me with today's money factor and residual, and current incentives/dealer cash what I'd expect monthly payments to be for the TL base?
Thanks again.
Acura's new November lease program for the 2010 TL is scheduled to run through the end of the year, so you probably don't have anything to gain by waiting a little while to get your new car...other than the fact that you won't be wasting your remaining payments on your current lease.
Car_man
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Acura's new November buy rate lease money factor and residual value for a 36 month lease of a base 2010 TL with 12,000 miles per year in New Jersey are .00154 and 60%, respectively. Acura is not currently providing any cash incentives on the 2010 TL.
Car_man
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rob
What should i pay for a 36Mo lease with 15K miles Pre Tax?
What should i pay for a AWD Tech 36mo 15K miles Pre Tax?
36 months
10k mi/yr
MSRP $35,915
Cap Cost $31,878
Acq fee $580
Adj Cap Cost $32,458
Residual $21,908 (61%)
MF 0.00154 (3.7%)
Money down $ 2000 = Doc fees,Taxes, 1st mo, $305 cap cost redux; no sec/rtn
Monthly Pmt $ 367 + 7% tax ($26) = $393/mo
Hope this helps someone out there who considering leasing this vehicle!
I looked at a lot of cars over the past 2 months and this one is an absolute blast to drive even in the base version! I'm coming out of a CLK 430 Conv and this is one just makes me grin like a high school kid!
I'm upgrading the wheels/tires to the 18" in the aftermarket ($880 for 4 Acura 18" + $700 tires) as I couldn't justify the $4700+ difference for the Tech/18" package as well as the lower residual of 57%. (vs 61%) for the Tech/18". Also added dealer spoiler and mudguards to complete the Tech/18" "look".
Tech/18" Package was $492 + tax ($34) = $524/month with same $2000 upfront.
Happy hunting!!
PS - Thanks CarMan for your input in this forum. It stimulated me to do my homework, shop several dealers and be knowledgeable and prepared to walk from the deal if it wasn't right!
Keep up the great work!
I'm finding that there is still stock fitting that description at numerous dealers near me.
Thanks,
Greg
Long story short....
My leased 2008 TL is now theirs! They bought the '08 TL & terminated my lease.
I was paying $380/ mo including tax for 36 mos for 15k/ yr. By the way, I only had 14k miles on the car and that included two 600 mile road trips. I live close to my job and close to all my frequent destinations.
I now have a 2010 base TL for 399.99 a mo including tax for 36 mos for 12k miles/yr. I paid exactly $800 down including tag, 1st month, fees, etc. They originally wanted 2k down and $480/mo! I kept saying no & attempted to walk away several times because I was happy with my '08. I did not want to pay anything down, but the monthly payments would be too high for me.
Car Man & others: Do you think I made a good deal?
Thank you for your recent request regarding leasing a 2010 Acura TL AWD with the Technology package! We appreciate the chance to earn your business in the purchase of your next TL. I have reviewed all of your requests and we have worked up our Internet Quote for you. Per your request for leasing with 2500 down - We would be selling (leasing ) the car for $40300, 36 month lease, 10,000 miles a year with $2500 total out of pocket - $515 plus tax!
What should i pay for a 36Mo lease with 15K miles Pre Tax?
What should i pay for a AWD Tech 36mo 15K miles Pre Tax?
no money down
Why are you putting money down on a lease?
Greg
Thanks for the response. Guess I had better go back and look at the invoice pricing on Edmunds then. It looked like closer to 500 over to me (which I can live with). As far as the money down... I just emailed the dealer and said I could put down whatver was required, since most manufacturer subsidized leases require some type of down payment.
You are amazingly helpful here, thanks for all that you do, I am impressed with your tenacity!
I am looking for the money factor and residual percentage for a 2010 Acura TL SH-AWD with Tech package in Washington state (zip is 98012). I noticed that there are 2 different lease programs for this car right now, but wasn't sure if WA has the good deal or not.
Thanks in advance!
2010 TL SH-AWD Tech
MSRP: $43,195
Price: $41,700
MF: .00201
Residual: 56% for 10k miles/yr 55% for 12k miles/year
The other dealer offered me $41,280 for their initial offer. I countered with $39730 (just below invoice+destination), and he quickly repeated the same offer and said he would get back to me on the MF and residual. Now, in Washington, we don't seem to get the deals that you lucky folks do back east, but I want to try to get a reasonable deal.
Note that both of these offers are below the ~$41,995 that Edmunds gives as the TMV price. I'm thinking that $40,300 is a fair price as it is about $400-500 above the invoice+destination price.
So, am I out of whack here and should take one of these less than TMV prices since I am in one of those areas, or am I lame and should be shooting for less than invoice?
Thanks for any advice, hope the MF and residual info are helpful to any folks in the Seattle area, don't seem to be too many of us on this forums.
I'm looking for the Dec #'s on the '10 TL AWD w/ TECH both w/ and w/o the HPT package. I hear the HPT package has a different residual which I find ridiculous and probably not worth the higher payment but wanted to compare to be sure. Looking for the 36 mo lease term at 15k mi/yr please. I suspect the Dec numbers will be coming out in a few days. Thanks very much!
I'm not going to divulge the dealership I went to, but I'll tell you the deal I got...
2010 Acura TL SH-AWD with Tech
MSRP: $43,195
Agreed Price: $40,259
MF: .00201
Residual: 56% (10k miles/yr)
I can tell you that out of the 3 dealerships in my area (puget sound area), none would match the $40,259 price except the dealership I went with. One even told me that his actual cost after ad fees, detail, etc, was $40,089, so that figure may be closer to actual dealer cost. The price I paid is just about $500 over straight invoice+destination as per edmunds. By straight invoice I mean that this does not include any dealer add-ons, which this dealership ended up throwing in after some back and forth and since I was a repeat customer. So, while I think there are some others that might be able to get under $40k on this particular car (else they are stretching the truth on their deal ), in the Northwest, this is as good as it gets.
Though I have only had the car for a few hours, it's awesome. I shopped the Infiniti G37xS and the Lexus GS 350 AWD and while those cars are great, the Acura had them both beat in the combination of power, technology, and value.
On a different note, it amazes me to see the difference in prices in just one model year.I paid 37.5 for a 2009 AWD TECH back in August.I guess my dealer was right, he said the prices will keep going up (at that time I thought he was giving me one of his sales pitch).
I think the prices depend on where you live. I found an 2009 local, and they wouldn't go below $39,000 even now. But yeah, overall, they seem to be going up.
I am glad I got it when I did and I am extremly happy with the car.
According to my calculations, if you were to lease a 2010 Acura TL with Tech and 18" wheels that has an MSRP of $40,645 and a selling price of $37,921 ($500 over dealer invoice) through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $554 in states that have Acura's worse lease program and $526 in states that have its enhanced program.
If you were to lease a 2010 TL AWD Tech that has an MSRP of $43,195 and a selling price of $40,259 through Honda Finance right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment would be $610. That payment would drop to around $580 in states that have the enhanced program.
Car_man
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Enjoy your new ride :shades: !
Car_man
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This money factor is enhanced to .00188 in select states. If you tell me which one you are in, I will let you know which factor is available in your area.
When negotiating your lease on this car, make sure to take advantage of the $2,000 dealer cash that is currently available on it.
Car_man
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If you were to lease a 2010 Acura TL AWD with Tech in Washington State right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00201 and 53%, respectively assuming that you qualify for its top aka "Super Preferred" credit tier.
Car_man
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The money factor for an otherwise identical lease of a TL with HPT would be the same, but its residual value would be 1% lower.
Car_man
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Good to hear about the $2K of dealer cash.
Can I ask a question that you may not be able/willing to answer - what is generally the carrying cost of a dealer for inventory on their lot and is there calendar year end pressure around that carrying cost?
Many thanks again.
Greg
Also, Honda/Acura Finance sent me a $1000 owner loyalty coupon to use on a new lease. Should dealer honor that in addition to whatever deal I make with him or is he counting on that in what he quoted me?
Thanks for any help. -John