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2013 and earlier-Acura TL Lease Questions
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Please advise if the following offer is a good one (NJ Area).
2012 Acura TL base model for 12K 36 months lease at $412 per month, with $2500 down.
with a trade-in of my 2009 Honda Accord EXL with 32,000 miles (valued for $14,400) this has around $2k negative equity. Sales tax: 7%
Car_man
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Acura's December buy rate lease money factor and residual value for a 36-month lease of a 2012 TL Advance with 12,000 miles per year are .00114 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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Car_man
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I am looking to lease a 2012 Acura TL Tech Pack in Florida, what is the best option for me? I am currently ending a Lease of a 2009 Acura TL Tech Pack ending in two days. During this lease, I put money down, but for this next lease, I dont want to put any money down or any out of pocket expense, I just want to sign and drive. What is they best way to get this with low payments in the 400-450 dollars a month range???
Thanks
Acura's current buy rate for the 2012 TL is .00114, but it is scheduled to introduce a new lease program some time tomorrow. If you'd like, please feel free to check back with me for an update.
Car_man
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Thank you VERY much for your help!
The dealer cash incentive on this car is now $1,500.
Car_man
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Thank you for the information. I just wanted to make sure of a couple things - one dealer is telling me that the residual is 57% (down 1 point from December), and another is telling me it is 56% (down 2 points from December.) You have 60%. I'm looking a the base with Tech model. Does that make a difference? I'm hoping your figures are correct. It give me more to work with! Also, with a no money down deal, one dealer said the money factor is .00088. Have you ever heard of that one? Thanks again for your help!
Thanks!
I am planning to make the deal in the next week or so, once I have some roadmap of what would be considered a fair lease deal.
I see the current lease special on the acura website as follows...
$349.00 per month for 36 months. $2,699.00 total due at signing.
Includes down payment with no security deposit. Excludes taxes, titles and fees. MSRP $36,490.00 (includes destination, excludes tax, license, title fees, registration, documentation fees, options, insurance and the like). Option to purchase at lease end $21,894.00. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 10,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 10,000 miles/year for vehicles with MSRP of $30,000 or more.
I generally like to have 12K per year in miles...
So my question is, what should I ask for in terms of price, residual, money factor and miles per year and what should a monthly payment be. At least what is a fair monthly payment for the 2012 TL SH-AWD with Tech Package?
I have 3K or so I am willing to use as money down. At the end of my leases, I generally buy the car or sell it myself on craigslist. Thats how I have done it with my last two BMW's and a Jetta.
Also, what can I expect to pay out of pocket besides the money down? How much are excluded "tax, license, title fees, and documentation fees"?
Edmunds gives me a TMV price of $41,608 including $885 Destination fee and a $607 regional adjustment... Is this the purchase price minus taxes I should try to get? I would like to walk in to the dealer, hand them a price layout of what I am willing to do and if they can do it, fine. If not walk and try somewhere else.
Let me know your thoughts.
Thanks very much!
Yes the money factor for a zero due at signing lease is slightly lower than the one that I mentioned.
Car_man
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Car man do you know if these are the actual going rates, and how to go about calculating my suggested monthly payment with the above? They did not mention a selling price, but with the RF they quoted I believe its 40040 which is steep compared to the edmunds TMV of 38855 for that package.
Thanks for checking!
You were a great help to me a few years ago when I purchased a car and thus, now I am returning as my lease is about to expire. I am turning in a 09 TSX in the next few months and I would like to upgrade to a TL (or maybe a passat, sonata, or TSX). I had 45k total miles on my current TSX on which I am roughly 15k under at the moment. Acura is currently offering "rollover miles" and I was wondering that since I only really need a max of 12k a year, would Acura write a 7500 a year type lease? If so, what sort of residuals and money factors would I be looking for in PA/NJ for the base model. Thanks in advance!
Acura's January buy rate lease money factor and residual value for a 36-month lease of a base 2012 TL with 10,000 miles per year are .00098 and 60%, respectively for consumers who qualify for its top credit tier.
Car_man
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I went today to check the lease price for 2012 Acura TL sh awd..dealer gave me following rate..initial out of pocket 1647$ which inlclude registration tax and documentation fee ->>>434$ /month for 36 months 12k miles/year..
If zero out of pocket then it would be 469/month...is it a good rate please let me know if any one has got it cheaper than that? i have to make decision by monday..
these were the numbers dealer gave me
actual price is 40040$ but selling price is 35200$
MF=.00098
Redidual 57%
Thanks in advance
2012 Acura TL base model
$1500 includes 1st payment, tax, title.
12,000 miles
$469 per month for 36 months
Thanks in advance.
2012 TL base with AWD 12kmiles/3years 1647 out of pocket 401$ for 35 months
2012 TL FWD with Tech package: 12K miles/3years 1646 out of pocket 418@ for 35 months..
i am in NJ
bottom line was I stick with msrp 39100 and he gave me on 31st january night.
so by paying 3600 i bring AWD down to TL SH AWD MSRP. I had the best offer for TL SH AWD through car woo for 35500, so I went to my local dealer and showed him the quote ( I did not wanted to drive GA or Columbus OH)
so by paying 3600 I bridge the GAP of AWD with AWD with tech.
bottom line there is a big difference in TL AWD vs TL AWD with TECH, so my reco is to go for AWD with TECH.
I wanted to buy MAXIMA but got the best offer for 34500 so the gap was only a $1000. let me tell you this thing rocks.
negotiate on MSRP bring dealer down to 39000 or 39500 for AWD TECH and then pay 3600 out of pocket and drive for 456 a month.
after driving for 5 days I can feel the difference. with AWD AND TECH GADGET I LOVE THIS BEAUTY AND I AM SURE YOU WILL TOO.
I want the AWD version...all they had were packaged up versions and with $3,000 down (12k miles - 36ms), we started at over $500 per month to lease.
I have it down some but so far from what Cadillac (as one example) is offering on a CTS Coupe or Wagon at the same general price range.
I may take a drive to one less local.
I am looking at leasing a 2012 TL AWD & Tech Package - 3 yr/12k miles per year.
Can you give me the MF and residual on this?
Also, is it best to wait until President's Day weekend for extra incentives?
Anyone else:
I am trying to get a deal at about $475 per month (tax included) with only about $1,500 total down (including Tax, Title, License). I am going to try and negotiate about $5k off $43,770 msrp, Using cap cos of $38,770, a .00098MF and a 57% Residual I get to $477 per month. Of course I will then have to come up with about $1,500-1,750 to put down.
Has anyone gotten a deal like this? Or can you do better?
Thanks.
It is difficult to say whether Acura will introduce any additional incentives for President's Day weekend. Typically Honda / Acura's special holiday enhancements involve improved finance rates, such as 0.9% for 5 years rather than additional cash incentives like Nissan employs. Having said that, it wouldn't hurt to wait just in case they do make an enhancement tot he programs .
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Does the following sound ok?
Lease with Option to Buy
2012 Acura TL SH-AWD with Tech Package:
$5000 Due at signing (This includes Down Payment & ALL Fees, Taxes, Title, Etc.)
$450/ Month Total Lease Payment
10k/Year Miles Allowed
I only have 24 hours before I sign the papers and make the commitment so if anyone can respond soon it would be greatly appreciated.
Thanks in advance. :confuse:
i would shoot for this:
$2,000 due at signing (all in)
$460-485/month (all in)
12k/year
36 months
I would never put that much down on a lease...if the car gets stolen or totaled, you will lose your entire down payment.
hopefully this was helpful
It actually took me 2 hours of going back and forth between the dealer and the manager to get this deal. My income will only allow me to pay a maximum of $450/month, so I thought the $5000 due at signing was a good deal. Thanks for the heads up.
I forgot to mention that the $5000 also included the first months payment and all taxes and bank fees. So it's probably about a $3400 down payment and the rest is all the other fees and taxes. (If that makes a difference??)
They have had me waiting 3 days while they locate the color I want, I already planned on asking them for an increase to 12k Miles/year for the inconvenience. They are also giving me a loaner at signing until they receive the color I wanted. (Not happy about that, but its better than nothing.)
At least now I have an Idea of what I should be paying. For $450/ Month for 35 months maybe the Total Due at Signing should be about $3500-$4000...? Does that sound about right?
Thanks again, Sorry for the noob questions. I just don't want to get screwed cause I really like this car and I never leased before. I just can't pay more than $450/Month.
Is this a good deal. I can wait the two months to turn it in until the lease is up also.
The residual value for a lease with only 10,000 miles per year is 1% higher.
Car_man
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I NEED YOUR ADVICE/HELP. Please help me out.
I am leasing the Acura TL (first time lease here)
This is the best offer thus far, not sure if its good though:
-2012 Acura TL (ADVANCE) standard (NOT THE AWD)
-15,000 miles (36 month lease)
-$1960** down/ $470 plus taxes monthly (taxes are about $28 per month) (transfer tag fee included (about $100) & they will pay for first month (about $498))
So the down payment really is about $1362 with the first month & transfer title fee covered by the dealership.
PLEASE ADVISE IF I SHOULD JUMP AT OPPORTUNITY OR WAIT. THANK YOU!
Paid $4,000 at signing (This included Down Payment, Tax, Title, Registration, Bank Fees, 1st month Payment, Tags, and ALL other Fees and NYC Taxes)
Payments are exactly $450.00/Month for 35 months.
12k Miles/Year
Free Vehicle Swap after 16 months (If I want to, doubt I will)
I'm new to leasing, Was this a good deal?
Thanks in advance.
Car_man
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Thanks for the quick response. I am trying to get the car by the weekend, if its a good deal.
The Selling Price for the above mentioned car is $35,943. I also asked him for the amount for the car "Out the Door" in case you needed it and that would be $41,000.
This was the amount for the lease:
-2012 Acura TL (ADVANCE) standard (NOT THE AWD)
-15,000 miles (36 month lease)
-$1960** down/ $470 plus taxes monthly (taxes are about $28 per month) (transfer tag fee included (about $100) & they will pay for first month (about $498))
So the down payment really is about $1362 with the first month & transfer title fee covered by the dealership.
THANKS CAR MAN!!!
Thanks
I think you should put the least amount down towards leasing any vehicle. I9f you put less down your payment will higher but at the end if the car gets stolen you would not loose all the money you put down.
NJ lease, 2012 TL (base) 10,000 miles per year. 400 per month for 36 including NJ sales tax.
NO MONEY OUT OF POCKET. All mv and fees rolled in.
Any advise would help.
For example lest say the car is $300 a month 36 Months with ($3600 down) (The down money represents no tag fees or taxes in this round example. That to me a $400 car payment. If I tell the dealer sign and drive ONLY and they quote me $400 a month, that is the goal on a lease. Not to put down money. In some stupid cases I have seen large down payments and the dealer will say the lease is only $250 a month. They assume people are stupid. That is why most leases are (as clark howard calls them) fleeces.
When I ask a dealer who talks downpayment money for a lease they usually say the customer wants a lower monthly payment. What a joke. If I buy a million dollar house with 500K down its still a million dollar house.
Rob
Car_man
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