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2013 and earlier-Acura TL Lease Questions
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I'm seriously considering a 4 year lease with 15K. My last car I had 3 year with 15K and found that I needed brakes and new tires just before my lease. I feel by using the 4 year, I'll at least get the value of those purchases. Any thoughts?
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 $600 down (plus $200 tag) would keep my payments low.
Car Man & others: Do you think I made a good deal?
2010 TL with Technology
$36,758.00 Sell Price
Residual value $21,804.75 (55%)
Money Factor = .00154
Monthly Payment 589.66
State is Illinois, 7.25% sales tax.
15k miles per
Thanks in advance!
Price $35,020
Due at signing Total of $1,500(first month's payment/bank fee/DMV/Doc fee($199)
money factor .00154
residual 57% $22,597
payment $469 X 36 months. including Jersey tax of 7%
any toughts?
thank you for your input
Thanks
36 month 12000 miles per year $585 per month
Due at lease signing = 1st payment + bank fee + dmv
is this any good ???
Is this a good deal? Should I pull the trigger? I already gave a deposit to hold the car, but can get the money back. Getting this here in S. California.
The carrying cost for dealer inventory depends upon what "floorplan" interest rate they are being charged on their inventory. Dealers are always interested in selling as many vehicles as possible before the end of the month, especially at the end of the calendar year.
Car_man
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Acura is currently providing dealer cash on leftover 2009 TL models, but none on the 2010 model.
I wouldn't be surprised if you were able to shave a couple hundred dollars off of this deal, given the pressure on dealers to punch as many units as possible before the close of sales for the year, but as you suspected, $800 over dealer invoice and the use of Honda Finance's buy rate lease money factor is a pretty good deal on a '10 TL.
If you received a loyalty coupon directly from Acura you should be able to take that $1,000 off of whatever deal you negotiate with the dealer.
Car_man
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You definitely do not want to lease this car for longer than three years. On a four year lease, you would have to use Honda Finance's standard lease program, which is not as attractive as its special.
Honda Finance's 36 month, 15,000 mile per year residual for a 2010 TL AWD Tech is 53%.
Car_man
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I was quoted over the phone by the dealer $389/mo. for 30 mos. with $3200 down and 10,000 mi./yr. I have not leased under 36 mos. before. The residual will be 53% or same terms above for 12,000 mi./yr. but a 62 or 63% residual. Is this a good deal or should I negotiate a few of these factors? Thanks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks for the help.
Assumptions:
Purchase Price: $32,119
Residual Value: $21,250
Tax Rate: 7%
License Fee: $482
Acquisition Fee: $595
I'm trying to decide what / how to do my lease return. Its up in a couple of months, but it looks like I have a fair amount of equity in the car (a 2007 Acura TL) mainly due to low mileage. The problem is that while I'd like to keep the car, with another kid on the way we really need to move to something bigger. If I buy it and then try to sell it, my understanding is that I'll have to pay sales tax on the car (in California), which would eat up most of the equity. I'm not sure I want another Honda/Acura, but the letters that Honda financial has been sending me suggest that the car can't be traded into another dealer - they won't allow the other dealer to buy the car out. Any suggestions? I could just turn the car back in, but it seems like a waste to do so and lose the equity.
Also, are they still going to absorb your last payment on your old car?
Is it a good deal or its too good to be true ? I need 10K Miles per year and the deal seems great for me if it is true ! Any ideas ?
Thanx
There are still many benefits of the Acura lease over other leases. They give you gap insurance and a $1500 allowance for damage to the car at lease end. If I didn't know someone who wanted the car I would just return it. I still think the Acura leases are a very good deal but have decided to purchase the new one. I just don't think I would be happy with a 3 year old TL that I paid $22,000 more for.
Thanks!
Do you know the money factor and residual for a Tech SHD? I'm thinking about a 36 mo/12000 miles lease. Thanks
Car_man
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This factor is enhanced to .00204 in certain states. I would be happy to tell you which factor is available in your area if you tell me what state you are in.
Car_man
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I'm located in Florida. Thanks
Seattle, Wa area
Thank you,
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
i got the following offer in southern calif 2010 tl tech package
msrp 39645
negotiated price 34500
money factor .00225 res value 57%
1200 down
12k miles
513 for 36 month or 460 for 48 month incl 9.75% tax
also paying my last 2 month of the current lease of 417
is this a good deal please let me know
thanks
This will be my third TL lease if all goes well. You helped me get a good deal on the last two. Many thanks for your invaluable advice!
I''m in the market for a lease on a 2010 TL base, 36 mo./15,000 mi. per year in Northern NJ. Do not wand to to put any $ down, just pay the acquisition costs and first month. I was hoping you could provide info re selling price, any rebates being paid by Acura to dealers, residual value, money factor,etc.. so I can calculate a fair lease price. Tax is 7% n NJ . My credit score is good, My previous and current lease was/is through Honda/Acura Finance.
Eitan
I''m in the market for a lease on a 2010 TL TECH 18" wheels 36 mo./10,000 mi. per year in NY. Could you please give me the current lease numbers. I have been quoted a buy price of 34,900 including dest. which seems like a good price based on the MSRP. Thank you.