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Acura TSX Lease Questions

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Comments

  • dolsey01dolsey01 Member Posts: 92
    Just consider the longer you lease and the more miles you put on, the better the chance you will have to replace the tires. On the TSX you are looking at about $650-700 for a new set of OEM sneaks. My Accord at 30K is at 6/32" and the tires were rotated on a regular basis. Honda/Acura requires 4/32 of tread left at lease end. I'm trying to decide whether to go 36 or 39 months on my new TSX lease. I pick it up next Sat. I'm starting to think the $10 a month the 39 month lease saves might not be worth it if at lease end I have to put on a new set of tires. Even cheapo tires will still be around $400.
  • dolsey01dolsey01 Member Posts: 92
    You might want to wait till your lease is up depending on the condition of our MDX. There was a post in the TL forum that after the poster had his lease end inspection, which resulted in $0 in damages, Honda Finance called him a week later and offered him $1500 toward the purchase/lease of a new Acura. I have not heard of this from anyone else though. It might have been a special circumstance. I had $0 in damages on my Accord lease and I have not heard from Honda finance regarding any special offer.
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    I had the same dilemma when I though I needed new tires for my lease. I was able to find 4 almost new tires for $20 each on Craigslist. After I bought them, of course, dealer replaced them for free, but that's another long story and not related. Getting back to the topic, tires should last 50-60K miles, that's way above the allowed mileage.
  • dolsey01dolsey01 Member Posts: 92
    They should last that long but it seems OEM tires never seem to. It could also be the lousy roads here around Boston. My wife popped the left front tire three times on our Accord, one curb and two potholes. At over $200 each, it was getting very expensive. Hopefully we have better luck with the TSX. I'll be a little better this time around about rotating and see if that helps too.
  • marlonsamsmarlonsams Member Posts: 20
    I currently drive an Infiniti and my lease is up in late March (3/24). Since MPG is of the essence now, we decided to take TSX Tech. I already gor a pretty sweet deal (12 mos, 432.00 including taxes, $1000.00 TOTAL out of pocket). One catch-- we have to get the car before Feb 28. Now, since I am worried about sliding residuals, should I pull a triger now???
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    My lease is due June, and I am getting it this month. I think you paying too much though. Mine is only $326, no tech. $1100 out of pocket.
  • Dramirez112Dramirez112 Member Posts: 19
    Thanks for the help everyone,

    So far what I've been offered...

    2009 TSX Non-Tech - Crystal Black/Ebony

    Monthly: $333.06

    Sale Price: $26,621
    Destination: $715
    Total: $27, 336

    Out of Pocket: $2,200
    * Includes: DMV, Doc, Tax, First Month, and Bank Fee

    (So is this good?)
  • gpb59gpb59 Member Posts: 115
    How many months is this for? , can you tell me which dealership or state this is in?
  • Dramirez112Dramirez112 Member Posts: 19
    39mo./10k

    Location: NYC
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    Mine is for 39 mos, DCH Heart Acura, near Poughkipsie, NY. After I agreed to this, my local dealer in Albany said that it is not a great deal (for them), but they could "possibly" match it. General manager should ok it today.
  • spedprofspedprof Member Posts: 16
    Folks,

    Just came across this article about something called the Acura Select Advantage Program. See http://www.autonews.com/article/20090216/ANA06/902160333/1197
    It says that there may be a $750 incentive for "first time" leasees whose lease expires between Feb 1 and April 30. Does anyone know anything about this?? Is this $750 in addition to the incentive that exists right now and is set to expire March 2? Are they firm about "first time leaseholders? I may be on my second lease though i'm not sure the first was through Honda Financial.

    Thanks!!

    Spedprof
  • Jack1234Jack1234 Member Posts: 16
    Dramirez112

    Which dealer u go for TSX base? i living in NY too.
  • dolsey01dolsey01 Member Posts: 92
    I would like to know what you find out. The link you posted requires a subscription to Automotive News. I am also a second time AHFS lessee but first time with Acura. I'll also ask the finance guy at my dealer. I don't pick my car up till Sat. so this would be a great find!
  • spedprofspedprof Member Posts: 16
    Dolsey,

    I, too, was asked to subscribe but then I searched under the term "Acura Select Advantage Program and the link to Automotive News opened. I'm not sure there is actually much new there, but maybe someone else can shed some light on it. If I hear more, I'll post it.

    Spedprof
  • Dramirez112Dramirez112 Member Posts: 19
    Jack1234,

    Send me and Email and I'll tell you. (Dramirez112@gmail.com)

    They're pretty straight forward as long as you show them that you're knowledgeable and let them know you're not to be played with... Tell them the price you want to get the car for and negotiate from there...

    I feel like I got jipped a little cause I was happy I got the price I wanted but then they were like we need to include the destination fee. I was like F**K... $715

    $333.06 with no cash down is not bad but I just want a second opinion from others who are already leasing the TSX Base model.

    Recap:

    2009 TSX Base
    Crystal Black/Ebony
    39mo/10k

    Monthly: $333.06

    Sale Price: $26,621
    Destination: $715
    Total Cap Cost: $27,336 ($26,621 + $715)
    Cap Reduction: $0

    Drive Off: $2,207
    * Includes - First Month, Bank Fee, DMV, Doc, & Taxes
  • dolsey01dolsey01 Member Posts: 92
    You should be able to get a sale price including dest of 26.5-26.6K
  • Dramirez112Dramirez112 Member Posts: 19
    yeah that's what I was expecting but every dealership i go to I see them selling the tsxs like hot cakes.

    NYC
  • bvdj84bvdj84 Member Posts: 1,724
    For me, thats not $0 down.

    Bank fee? Doc fee? I would expect doc fee, but not a bank fee? What is with all the fees? I assume you have to pay all the taxes up front. Indiana, I don't have to do this.
  • dolsey01dolsey01 Member Posts: 92
    When my dealer would not match the price of another, I told him I would wait the remaining month I have on my lease and see what the March incentives would be. Within 10 min, the finance guy was on the phone trying to make the deal work. I ended up $20 less than I originally asked for and a set off all weather mats and a trunk liner, plus they had to get the car for me.
  • Dramirez112Dramirez112 Member Posts: 19
    There's usually a bank fee also known as the acquisition fee. $595

    And yes, I'll be paying the taxes upfront because they do charge interest on it so I rather just deal with it now than end up paying more in the long run.
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    Acquisition fee is not a bank fee, it's a fee associated with you returning a lease. They justify it with the cost of bringing the car into a decent shape for sale after you return it. Taxes are not accruing interest because if you calculate your lease correctly, you are being charged a finance charge based on the residual and sale price of the vehicle. Taxes are added later.

    If anyone wants a great deal on Acura and lives in NY tri-state area, e-mail me at xxhaimbondxx@aim.com and I will get you in touch with my salesperson. I am getting a base TSX for $1100 drive off and $326 per month (tax included).
  • jdg99jdg99 Member Posts: 6
    Hey XxHaimBonxX... I have been reading your postings. Thanks for providing lots of good info, but I have to disagree with your definition of Acquisition fee.

    Google 'Acquisition Fee' and you will find that most of the definitions refer to it as a bank fee. I believe that the fee to return a car into decent shape is most often called a 'Disposition Fee'

    Congrats on getting a great deal on your TSX lease. I'm shopping in the Twin Cities area and hope to do as well.
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    my bad, I think you might be right. But does that mean you are required to pay both when you sing up?
  • jdg99jdg99 Member Posts: 6
    I believe that the acquisition fee is non-negotiable and is paid up front, or can be rolled into the cap cost.

    If there is disposition fee, it is paid at the end of the lease when you turn the car in. Not all leases have a disposition fee...in fact I don't think the Honda finance ones do.
  • dtorz21dtorz21 Member Posts: 8
    wrapped up my deal and picked up the car this week... been driving it non-stop ever since, inventing errands and things as excuses to go drive it

    09 base tsx
    39 mth/ 15K miles
    body side molding added at the dealer

    true zero down, only paid 1st month, 45 doc fee, 12 tire fee and DMV at signing
    all taxes and bank fees, acquisition fees, destination etc included in the monthly
    379 / mth
  • bvdj84bvdj84 Member Posts: 1,724
    Great Job!!
  • Jack1234Jack1234 Member Posts: 16
    XxHaimBonxX

    Looks like u got great deal. what is tax rate there?
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    8%
  • spedprofspedprof Member Posts: 16
    Folks,

    Should a 39month lease be more or less $$ than a 36 month lease and what approximately should that difference be?

    Thanks.
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    It should be less by a few bucks since you are splitting the depreciation by a longer period. The downside of this is that residual is usually 1% lower.
  • dtorz21dtorz21 Member Posts: 8
    tax for me was 8.125%
  • dolsey01dolsey01 Member Posts: 92
    With current residuals and MF it should be right around $10 depending on your sales tax.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello steelr5. Acura is currently advertising the base 2009 Acura TSX for $299 per month for 39 months with $1,605 down and 10,000 miles per year. Having said this, savvy consumers should be able to beat this deal by negotiating a lower selling price than the one that was used to calculate it. If I was in the market for an '09 TSX right now, I personally would shoot for a selling price of right around dealer invoice minus the $750 dealer cash that is currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Basam. Honda Finance's current buy rate lease money factor and residual value for a 2009 Acura TSX with Tech and 10,000 miles per year are .00250 and 65%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    The numbers for an otherwise identical 36 month lease are .00250 and 60%.

    When negotiating your lease on this car, make sure to take the $750 dealer cash that is currently available on it into account.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Jack. Acura is currently advertising a base 2009 TSX at $299 per month for 39 months with $1,605 down and 10,000 miles per year. Having said this, savvy consumers should be able to get a better deal than this by negotiating a lower selling price than the one that this lease was based upon.

    If I was in the market for an '09 TSX right now, I personally would shoot for a selling price of around dealer invoice minus the available $750 dealer cash.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey Jack. Please see post #1049 for my answer to your question.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey everyone. The Automotive News story about the $750 cash incentive for first time Honda Finance lessees who lease a new Acura is accurate. I doubt that Honda will extend this offer to anyone else, but I suppose that it doesn't hurt to ask.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Congratulations on getting your new TL, dtorz21. Thanks for taking the time to let everyone know how things turned out. If you have the time, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gpb59gpb59 Member Posts: 115
    How much is Invoice? Checked edmunds and KBB and it doen;t have it
  • jags86jags86 Member Posts: 8
    I'm picking up my TSX next week. I am a first time Acura/Honda lessee and I inquired about this $750 from my salesman. He claimed that in January when I ordered the car that there was low interest and in February they have this deal and regular interest--therefore not changing my numbers at all.

    Is he just blowing smoke? Isn't this $750 in addition to any other monies or incentives being offered?
  • Dramirez112Dramirez112 Member Posts: 19
    This guy is bullshitin you...

    Subject to limited availability. from 1/6/2009 through 3/2/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 TSX Automatic Transmission vehicles (Model CU2669JW), for well qualified lessees.

    http://www.acura.com/tools/shopping/CurrentOffers.aspx?model=TSX

    I got this info from Acura website themselves.... January 6, 2009 - March 2, 2009

    This deal now is better than the previous deal.
  • Jack1234Jack1234 Member Posts: 16
    Hi carman, i am looking Tsx base 39month ,10k. u said tech package is 65% and base without tech 63% right?
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    After weeks of e-mailing to various dealerships, Honda, Acura, Camry, I finally picking up my new TSX this Thursday. I think it's the best deal on Earth. I read 100s of posts on this forum and haven't seen anyone coming close. $1100 total cash and $326 per month. That's cheaper than EX-L Accord. Can't wait!

    If you live around NY and don't mind driving a few miles, e-mail me and I will get you in touch with my sales person. For me it is worth the drive. xxhaimbondxx@aim.com
  • Jack1234Jack1234 Member Posts: 16
    Haimbon
    U got TSX base right? 39, 10k? 1100 total out of pockets?, including first payment, bank fee and DMV and Tax? wow what a deal u have. i got deal in NYC offer me 343 per month, with 1600 out of pockets.
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    39 months and 12K
  • gpb59gpb59 Member Posts: 115
    I was quoted a similiar deal (1000 out of pocket including 1st pmt), 299 month. Has anybody dealt with this dealership? I live in Las Vegas. How can you make sure you don't get screwed after driving all the way there?
  • XxHaimBonxXXxHaimBonxX Member Posts: 135
    Fill out credit application online and after they make sure you have a good credit, have them submit the deal to the bank. Before you come and pick it up, ask them if there are any surprises you should be aware of. It sounds possible since a few people, including me are getting these deals. With tax, you are looking at $325 a month. Not impossible, but try to work everything out with one trip there.
  • soroka24soroka24 Member Posts: 10
    09 TSX, non-tech. This was his first offer, I haven't countered yet.

    MSRP $29,920
    Sale price $26,990( plus Honda finance bank fee $595, Doc fee $250, $10.50 temp tag, $931.98 taxes, = $28,777.48)
    $750 dealer market allowance which I'm using to get to the $26,990 price

    39 months
    12,000 miles per year

    .00250 money factor
    62% residual ($18,550.40)
    $380.55 per month (including Franklin County tax)
    $454.55 due at signing (first payment and License)

    How much better can I do? I am in Columbus, OH.
  • dolsey01dolsey01 Member Posts: 92
    You should be able to get the selling price down to 26500 or better. I finally caved at this number with an additional $250 in accessories and half of my remaining lease payment.
  • nycarguy2nycarguy2 Member Posts: 2
    Does anyone happen to know if the $750.00 marketing incentive which is set to expire on 3/2 will be extended or if there will be a similar incentive in March? I’m looking to lease a new TSX but I really don’t want to do it until the end of March.

    Thanks!
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