Thanks for your help, and I now see my initial mistakes, but now after trying to calculate the payments, I'm still getting much different figures then the quotes listed here!!!
Are these people getting ripped off, or am I missing something (again)??
Hey, valuehunter. Depreciation is based on MSRP not the net cap cost, so that could make up some of the discrepency in your most recent example. I think it's hard to take any particular post and figure out what happened with the payment because of fees and not knowing how much was actually applied to cap cost reduction. If you use the forums to understand the best price to offer on the car, and then know how to calculate the straight-up lease payment, you'll be better equipped to avoid the stupid fees.
What did you find about the IS? I would think it would lease for a lot more than a TSX.
Depreciation is "Depreciation Fee = ( Net Cap Cost – Residual ) ÷ Term".
I got that straight off Leaseguide.com.
I do accounting, but I'm a newbie with leases, so I'm sure I must either be missing something, or else people are getting ripped off on the leases.
As of now, I can't really narrow the figures down, becuase I can't find what's causing the discrepancies.
From just reading the forums though, people are talking around $400/month for the IS, and with these TSX's, it's $350 or so, which doesn't seem to make up the difference in the prices, of which the $27,000 median sell price for the TSX, is much lower than the median $32,500 price of the IS.
I also don't understand why people are spending thousands to reduce the cap, when that defeats the whole purpose of a lease.
Either way, something is not right with the numbers people are posting, because if you follow the formula for calculating a lease (as I listed above), there are significant discrepancies.
I know many people might not like to work with numbers (heck, I don't either!), but this is really important, if you don't want to get ripped.
OK, my bad, you're right about the depreciation fee formula. Here is what is on Acura's web site about the TSX base model lease special that has been running:
FEATURED SPECIAL LEASE: Closed-end lease for 2009 TSX Automatic Transmission (Model CU2669JW) for $299.00 per month for 36 months with a $1,605.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,499.00 total due at lease signing (includes first month's payment with no security deposit, AHFC upfront acquisition fee and capitalized cost reduction; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.
Subject to limited availability. 3/3/2009 through 5/4/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 TSX Automatic Transmission vehicles (Model CU2669JW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $29,920.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $26,132.03. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $10,764.00. Option to purchase at lease end $18,849.60. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details.
People are negotiating better deals than the above, of course, but this can be used as an example. So, if you took this deal and gave the dealer $2,499 up-front, they would give you a net cap cost of $26,132 on a base TSX for 36 month, 10K per year lease. If you punch that along with the residual of $18,849 and .00215 money factor into the leaseguide calculator, you get the $299 per month payment. The deals people are getting are just a variation on this theme.
I do think there is an opportunity for people to get ripped off with fees and the ambiguity of cap cost but that's true of any lease, don't you think? I also agree that it's silly to put a lot of money down on a lease, but some people like to buy down their payment. When I shopped a base TSX three years ago, they wanted in the low $400s a month. Now you see people here getting them for $350 or so including tax and with sometimes less than $1,000 up-front. I think that's a good deal on this car. I'm sure people are also getting good leases on the IS between the discounts and the low money factors, however.
Until you see a breakdown of the actual due at signing numbers, and a contract with the net cap cost, and what it includes, it's almost impossible to reverse engineer a lease payment.. Believe me, I've tried..
Since any extra costs are only amortized over 36 months, what seems like relatively small differences, add up quickly. Plus, there is always the small detail left out ("Oh yeah, they covered the last two payments of my old lease and rolled that in... didn't I mention that?").
The good news? You already have a better understanding of the lease calculation than 99% of the people that lease.
Since everyone here is intent on purchasing TSX, thought I would raise this issue for discussion: Ride in 09 TSX is very jittery, and my wife is reluctant to agree to purchase. Consumer Reports just published review and describes the same, with judgement that constant quivering may cause driver fatigure on trips. Are you all satisfied with the ride? I find this a disappointment, and unfortunately, will be a deal breaker for us. I am surprised that after putting so much effort into designing this car, Acura gave it this jittery ride. I am used to firm suspensions, but this is too much.
Yes, TSX suspension is rather stiff (nothing compared to a sports car)... but this gives the feeling of a stable ride. Personally I love the feeling. However, other people translate this into jittery... including my wife... which by the way loves it now after a couple of weeks. I would recommend to go for a test drive with your wife to check for yourselves.
Well, we test drove the TSX for a couple of days, and the more we drove it, the less she liked the jittery ride. For personal driving to & from work, it wouldn't bother me. But especially with occasional long-distance travel, I think it might be hard to take.
We find it much better than the 06 Accord EX-L V6 we came from. It is stiff but at least absorbs bumps much better. Definitely not as planted as the 03 Audi A6 we had previously but at least I won't be at the dealer EVERY month. I like the car more and more every chance I drive it (It's my wife's daily driver).
Sorry I didn't get back sooner, but the past few days have been HECTIC!!!
I've been researching my rear end off, with various cars, whether to lease/buy, etc.....
I do NOT understand why ANYONE would "pay down" the sales price, but hey what do I know right?
Still, from my figuring so far, I am not understanding the deals people are negotiating, and I am DEFINITELY not understanding why the payments of the Acura people are so close to the IS people, when you guys have a sales price 6 thousand dollars lower.
If you just take 6K alone, and divide it by 36 months, you will see it's $166.
I was considering leasing an Acura, but I can't get the numbers to work AT ALL.
If anyone could help explain this, please don't hesitate.
--------------------------------------------------------------------------------- - --- The lease terms are 36mo/15k, 60% residual, .00215 MF, payment is $347.43/mo.
Term: 36 Base Payment: 347.43 Total Payment: 347.43 Purchase Option: 17,952.00 MSRP: 29,920.00 Est. Miles Per Year: 15,000
Capitalized Cost 27,000.00 Doc Fees 185.00 Total Capitalized Costs 27,185.00 Money Due at Inception 1st Month Payment: 347.43 Acq Fee (Upfront): 613.36 Upfront Taxes: 878.50 Total Out of Pocket 1,839.29 Total Initial Charges: 1,839.29
=================================
The net cap here is $26,838 (27,000 + 185 doc fee - 347.43 1st payment upfront)
The residual is $17,952
So the Depreciation fee is $246.83 ($26,838 - $17,952/36 months), (Net Cap - Residual / term)
The Finance fee is $96.30 (26,838 + $17,952 x .00215)
(Net Cap + Residual x Money Factor)
Add those two together and you get $343.13, which is pretty close to what they were charged.
VICTORY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(excuse me while I do a little dance - j/k)
And since they paid the total tax upfront, no tax is added to their monthly payment.
So when I see the $347 payment for the TSX above, and then I compare to the $411 payment I saw someone make on the IS, the difference doesn't seem wide enough, for the price difference in the cars.
After all, on the one side you've got an IS with add-ons like Nav, Prem package, and 18" wheels, and on the other side it's just the base (NON-Tech package)!
Now that I can view what's going on a little better, I can now see that the TSX customer paid an MF of .00215, while the IS customer paid only .0006!
Now the IS customer paid a $3200 deposit (not a cap-reduction, but a deposit), but even still, I've seen others over there who paid NO deposit, and got an MF of .00085!
I'm going to do some more research, but hopefully this will encourage some helpful feedback, so we can make some more educated choices as to what is best for us individually.
Any leasing expert will tell you do not do a cap cost reduction. The disadvantage of a cap cost reduction is that, should your vehicle get stolen or totaled in an accident, you probably won't get any of the down payment returned to you.
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
The closest dealership from my local dealership is 90 miles away. You might check within 100 miles. Patience is the key to getting a good deal. Work your numbers, come up with a price and payment your comfortable, then present to at least 5 dealerships. Let them come to you with their best offer. I just leased a TSX in the past week, and love it. I feel I got a good deal. When requestingfor a quote, ask for the details to be broken down....all costs for the monthly price they come up with.
I'm in NY and was offered this today. Term: 36 Months Monthly Payment: $358.80 MSRP: $29,920 Miles per Year: 15,000 Cap Cost Reduction: $26,915 Documentation Fees (set by NYS DMV): $67.50 Due at inception: $1980.00 Taxes (8.125% tax rate): $1045.48
The "due at inception" includes taxes and first month. I don't really need 15k miles so he told me he'd take off $20 a month for 10k.
Another NY lease, but lacking a few details currently...
base TSX without tech package term 36 month / 15k miles cap cost, $27,000 fees: DMV fees... unknown as of now but likely $70ish monthly payment: $348.05 Due at inception: acq fee + tax + 1st month
I've seen a similarly priced deal out there on the forum but someone mentioned that may have been for the tech package??? Anyway, the dealer said that as long as he has the car on the lot and doesn't have to go hunting for it I can get this deal here. If he were to have to go find it he would have to charge another fee in order to get a flat-bed to move the truck. Any idea if that seems right or should that be free in this price range still??
Hi - Question on realistic payment? I want to Lease a new 2009 TSX TECH With 500.00 Down 36 Months 10k miles per year $350.00 Including Tax I live in ohio and would travel out of state if necessary. Need to do the deal by end of this month. Im i dreaming ? Has anyone been quoted something similar? With the same car? Thanks in advance. Mds3133
I think you're dreaming. When I did my shopping in Ohio, a tech would have been in the low $400s with that amount up-front. What you have there is more like a decent deal on a base (non-Tech) with 15K per year.
Hello all! I was wondering if anyone could help me out here. I was recently looking into the 2009 audi a4 and rates for the month of may are completely horrible. I have decided to look at another car..which is the acura tsx. Can anyone tell me a monthly price range I should be looking at? I am interested in the 2009, white exterior, black interior, 12k miles with technology package.
I would put $0 down. you payment doesn't seem to affected by the down payment.
Put the lowest amount down.
Hey, It sounds like I can get a base model for well under $400mth with $0 down. Perhaps close to $400 on a tech model. I will be looking for a new lease soon. I really need to test drive a TSX! Though I would lease one without doing so.
Test driving before buying is always a good thing to do.... The TSX feel isn't for everyone but the price sure is. I came from BMW so the lack of steering feedback on the TSX was a huge turn-off but saving $100+ a month is a huge turn on! I agree though that regardless of the test drive, the reviews and price had me sold before test driving.
I'm in Massachusetts and was offered this deal today for a 2009 TSX w/ Tech package Term: 36m/12k per year Monthly Payment: $395 w/ taxes included Due at inception: $1200
Does this sound like a fair deal at all? I'm starting to think it might make sense to wait for the 2010's. Any thoughts on this?
I decided to take a lease on a silver 09 tsx base model, manual transmission, ebony interior 12k/36 mo 1850 down incl. 1st month and taxes 339 a month
I'm content. By the way, if youre trying to get an 09 base model in the ny area, dont bother. Theyre ripping people off cuz every dealer has at most 1 car. Theyre holding it for the guy who has sucker written on his forehead (or they guy willing to outbid that guy).
I need some help in determining a correct lease payment. This is for a TSX base model and the prices are at the bottom. First is the negotiated price good. I know they have a $750 dealer cash. The invoice of the car after advertising fees is about $27600 (little less). Should I try to go lower? I used an online lease calculator http://www.leaseguide.com/calc.htm . This basically does every calculation for me but I have a couple of questions. I live in Texas and sales tax is 6.25% but I was told by one of the dealers that for some reason the rate is 1.2% or so does anyone know why. Also I am doing a trade in and I was told they would give me $17,500 and I owe $19,000. Yes I know I am taking a loss but trust me for good personal reason I don’t want my current car. So for the tax credit for trade in I should get 6.25% back right which would actually only add $500 from my previous loan to the negotiated price. Again what is the deal with the 1.2% tax and not 6.25% is this a thing only for leases in texas because they gave me an OTD price for this car and they were charging 6.25% tax. The numbers I got by using the 6.25% tax in the website mentioned was of $366.29 without acquisition fees or doc fees which would be about $850 (doc fees are about 250 and acquisition fee about $600). Also I have very good credit is it true that I can only get the money factor of .00198 for the lease. I am a recent college graduate and they told me the program would not benefit me in reducing anything. I think its all BS is someone familiar with the program. Could someone be kind enough to check my numbers and see if the can find the deal with the 1.2% tax because I searched the net I didn’t find anything. Thanks a lot
No the trade in is a Honda accord. Although it wouldn’t affect me I am just wondering would there be more benefits for GM owners.
Most dealers are unwilling to give me more for it because they say you can get it new for about $18500. Although it is true that people can get that price not everyone reads Edmunds or other forums and most people pay more than that for an accord lx. With the trade in I will get a little more than $1000 as tax credit so I shouldn’t pay all the taxes on the other car. Apparently I will be $1500 upside down on the car but with the tax credit that brings the total down and it would seem as if I am only $500 upside down.
Plus this is the trade in I got from one dealer I am sure that I can either negotiate a better sale price on the tsx or get a better trade in value from the other dealers once they start to compete for my business. Don’t get me wrong guys I loved my accord but there is other reasons I want to trade in but no point in getting into the details.
Has any one been able to find out if there is actually a lower tax on the leases than my regular 6.25% vehicle tax in texas.
I have read that the 2010 v6 tsx will be out probably june or july. So will this be just the v6 or also the v4. if both are out then is it possible to get a better deal than invoice plus the $750 cash to dealer Thanks a lot for the help.
Got my TSX at DCH Tustin Acura. For anyone in SoCal, these guys are AWESOME! I'm not sure if I can refer my Sales guy, but if I can, I will. This guy is so great, probably the BEST salesman I have ever dealt with in my many years of leasing.
36 months 12k a year Msrp. 33,020 Selling price 30,125 Residual 58% MF .00198 Monthly payment $402 Upfront taxes n fees 2,377
Is this a good deal? It is soooo hard to find white on black and this was the only place out of 6 dealerships I called that have it. Can someone please write back asap so I can call tomorrow morning and hold it. Thank you!!
That sounds like a good deal to me, but I would see how much lower the dealer will go. According to someone on edmunds, the 2010s will be coming out around June 15h, and dealers DO NOT want to have 09s left over. Try and bring the price down a little bit considering it isn't exactly the end of the month yet. Wait a couple of days and call back saying that you contacted another dealer and you were offered a lower price, say $385 a month or so. An extra $10 off your payment saves you an extra $360, I don't know if that matters that much. Due at inception is the bank fee, doc, title? I would say to try and push for this deal, considering soon the dealers are going to want to move these cars out of the lots to make room for the '10s. As for the 2010s, I haven't heard anything new about them except for the v6 model. Its basically a smaller TL. I don't know any other changes Acura will be making, but if anyone knows, please inform.
Do they allow you to lease in a state other than where you live? what are best numbers anyone has on an 09 TSX tech lease? Sounds like the wait for the 2010 will be worth it. Unless they dont give any incentives on the v6 at first. I head the 4cyl in June and v6 in July ????? How can this be confirmed?? also the color options? thanks in advance for the information
anyone know when we are likely to see the V6 TSX hit dealers?
I have been looking at USED Tl Type S (2007-2008). I like hte stiffer suspension and the V6. I think the new TSX, however, looks more modern and I like the interior/exterior look of it more than the older TL. I don't care for the new TL.
If I could get the v6 motor in the TSX I think that might be what I woudl get.
when will it be out? anyone here want to guess what pricing / leasing prices will be like on a V6 TSX???
Dealers down by me (So Florida) seem to have many new 2009 TSX's w/Tech. As many as 35 between 3 dealerships. since the 2010's are due within (about) 3 weeks.... how will these dealers get rid of this inventory. Do you think they will start to discount them? I'm looking for a lease (non tech) but would take a Tech TSX if it went for the price of a non-tech!
Just signed and took possession of a Palladium/Ebony, Auto, No Nav. 36 month / 12k a year, $353/month (tax included), with 1st payment and title due at signing ($403 total). This was in Cincinnati.
Hi izw. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful for others who are in the market for similar vehicles. I'm glad that you had such a positive dealer experience. If you'd like, you can tell everyone about it in even greater detail over in the Dealer Ratings & Reviews section of Edmunds.com.
Thanks again and enjoy your new ride :shades: !
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi sharkyziff. Through July 6th, Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura TSX with 12,000 miles per year are .00198 and 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. As you mentioned, Acura has been providing $750 dealer cash on this car.
Having said this, I wouldn't be surprised if Acura introduced some new incentives on this car today, June 2nd. Please feel free to check back with me in a day or two and I'll let you know if anything has changed.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Well, I recently upgraded both my cars. I returned a lease on a 06 Nissan Maxima for an 09 Nissan Maxima and about 2 weeks ago i traded the 06 Hummer H3 for an Acura TSX (Can't afford gas or the poor MPG on the Hummer no more). Anyways, Below is what i ended up getting (San Jose, CA dealer)
2009 Acura Tsx (White with Black interior) Automatic with Navigation package 12,000 miles a year
One thing i love about ACURA's in general is that the sales/service experience is sooo much better than most other manufacturers. I've dealt with my fair share of Volvo, Hummer, Nissans, BMW's, Acura, and Infiniti dealerships for service n sales before and by far the best experience ive had has been at the Acura and infiniti dealerships (they are too courteous), and Ive always hated being at a Nissan or BMW dealerships.
Comments
Hope you are still there!
Thanks for your help, and I now see my initial mistakes, but now after trying to calculate the payments, I'm still getting much different figures then the quotes listed here!!!
Are these people getting ripped off, or am I missing something (again)??
Here is correction -
-------------------------------------------------------------------
The net cap here is $29,500
The residual is $19,920
So the Depreciation fee is $266.11 ($29,500 - $19,920/36 months)
(Net Cap - Residual / term)
The Finance fee is $106.25 ($29,500 + $19,920 x .00215)
(Net Cap + Residual x Money Factor)
Adding these two together we get $372.36 for a monthly payment (without taxes), yet the quoted price was $429 (including taxes).
STILL A BIG DISCREPANCY!!
What did you find about the IS? I would think it would lease for a lot more than a TSX.
Depreciation is "Depreciation Fee = ( Net Cap Cost – Residual ) ÷ Term".
I got that straight off Leaseguide.com.
I do accounting, but I'm a newbie with leases, so I'm sure I must either be missing something, or else people are getting ripped off on the leases.
As of now, I can't really narrow the figures down, becuase I can't find what's causing the discrepancies.
From just reading the forums though, people are talking around $400/month for the IS, and with these TSX's, it's $350 or so, which doesn't seem to make up the difference in the prices, of which the $27,000 median sell price for the TSX, is much lower than the median $32,500 price of the IS.
I also don't understand why people are spending thousands to reduce the cap, when that defeats the whole purpose of a lease.
Either way, something is not right with the numbers people are posting, because if you follow the formula for calculating a lease (as I listed above), there are significant discrepancies.
I know many people might not like to work with numbers (heck, I don't either!), but this is really important, if you don't want to get ripped.
FEATURED SPECIAL LEASE: Closed-end lease for 2009 TSX Automatic Transmission (Model CU2669JW) for $299.00 per month for 36 months with a $1,605.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,499.00 total due at lease signing (includes first month's payment with no security deposit, AHFC upfront acquisition fee and capitalized cost reduction; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.
Subject to limited availability. 3/3/2009 through 5/4/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 TSX Automatic Transmission vehicles (Model CU2669JW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $29,920.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $26,132.03. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $10,764.00. Option to purchase at lease end $18,849.60. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details.
People are negotiating better deals than the above, of course, but this can be used as an example. So, if you took this deal and gave the dealer $2,499 up-front, they would give you a net cap cost of $26,132 on a base TSX for 36 month, 10K per year lease. If you punch that along with the residual of $18,849 and .00215 money factor into the leaseguide calculator, you get the $299 per month payment. The deals people are getting are just a variation on this theme.
I do think there is an opportunity for people to get ripped off with fees and the ambiguity of cap cost but that's true of any lease, don't you think? I also agree that it's silly to put a lot of money down on a lease, but some people like to buy down their payment. When I shopped a base TSX three years ago, they wanted in the low $400s a month. Now you see people here getting them for $350 or so including tax and with sometimes less than $1,000 up-front. I think that's a good deal on this car. I'm sure people are also getting good leases on the IS between the discounts and the low money factors, however.
Since any extra costs are only amortized over 36 months, what seems like relatively small differences, add up quickly. Plus, there is always the small detail left out ("Oh yeah, they covered the last two payments of my old lease and rolled that in... didn't I mention that?").
The good news? You already have a better understanding of the lease calculation than 99% of the people that lease.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Sorry I didn't get back sooner, but the past few days have been HECTIC!!!
I've been researching my rear end off, with various cars, whether to lease/buy, etc.....
I do NOT understand why ANYONE would "pay down" the sales price, but hey what do I know right?
Still, from my figuring so far, I am not understanding the deals people are negotiating, and I am DEFINITELY not understanding why the payments of the Acura people are so close to the IS people, when you guys have a sales price 6 thousand dollars lower.
If you just take 6K alone, and divide it by 36 months, you will see it's $166.
I was considering leasing an Acura, but I can't get the numbers to work AT ALL.
If anyone could help explain this, please don't hesitate.
The lease terms are 36mo/15k, 60% residual, .00215 MF, payment is $347.43/mo.
Term: 36
Base Payment: 347.43
Total Payment: 347.43
Purchase Option: 17,952.00
MSRP: 29,920.00
Est. Miles Per Year: 15,000
Capitalized Cost 27,000.00
Doc Fees 185.00
Total Capitalized Costs 27,185.00
Money Due at Inception
1st Month Payment: 347.43
Acq Fee (Upfront): 613.36
Upfront Taxes: 878.50
Total Out of Pocket 1,839.29
Total Initial Charges: 1,839.29
=================================
The net cap here is $26,838 (27,000 + 185 doc fee - 347.43 1st payment upfront)
The residual is $17,952
So the Depreciation fee is $246.83 ($26,838 - $17,952/36 months), (Net Cap - Residual / term)
The Finance fee is $96.30 (26,838 + $17,952 x .00215)
(Net Cap + Residual x Money Factor)
Add those two together and you get $343.13, which is pretty close to what they were charged.
VICTORY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(excuse me while I do a little dance - j/k)
And since they paid the total tax upfront, no tax is added to their monthly payment.
Just kidding :P
But yeah I see what you're saying.... I just wanted to get CLOSE, so I could make a better judgment.
In my next post, I'm gonna do a comparison.
So when I see the $347 payment for the TSX above, and then I compare to the $411 payment I saw someone make on the IS, the difference doesn't seem wide enough, for the price difference in the cars.
After all, on the one side you've got an IS with add-ons like Nav, Prem package, and 18" wheels, and on the other side it's just the base (NON-Tech package)!
Now that I can view what's going on a little better, I can now see that the TSX customer paid an MF of .00215, while the IS customer paid only .0006!
Now the IS customer paid a $3200 deposit (not a cap-reduction, but a deposit), but even still, I've seen others over there who paid NO deposit, and got an MF of .00085!
I'm going to do some more research, but hopefully this will encourage some helpful feedback, so we can make some more educated choices as to what is best for us individually.
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
In your last example: The cap cost is the cap cost... The first payment is accounted for in the money due at signing...
So, if you don't change the the cap cost, you'll find that the numbers come out exactly...
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I just leased a TSX in the past week, and love it. I feel I got a good deal.
When requestingfor a quote, ask for the details to be broken down....all costs for the monthly price they come up with.
Term: 36 Months
Monthly Payment: $358.80
MSRP: $29,920
Miles per Year: 15,000
Cap Cost Reduction: $26,915
Documentation Fees (set by NYS DMV): $67.50
Due at inception: $1980.00
Taxes (8.125% tax rate): $1045.48
The "due at inception" includes taxes and first month. I don't really need 15k miles so he told me he'd take off $20 a month for 10k.
Anyone know if this is a good deal?
Where's the dealer I'd like to get one like it.. Thanks
2009 TSX
$27,590 cap
.00198 rate
36/10K term
62% residual
$369.58 monthly
$595 bank acq fee
$394 tags & reg
$1358.58 due at signing
Certainly have not committed to this. Anyone with experience here, let me know your thoughts. Thanks.
base TSX without tech package
term 36 month / 15k miles
cap cost, $27,000
fees: DMV fees... unknown as of now but likely $70ish
monthly payment: $348.05
Due at inception: acq fee + tax + 1st month
I've seen a similarly priced deal out there on the forum but someone mentioned that may have been for the tech package??? Anyway, the dealer said that as long as he has the car on the lot and doesn't have to go hunting for it I can get this deal here. If he were to have to go find it he would have to charge another fee in order to get a flat-bed to move the truck. Any idea if that seems right or should that be free in this price range still??
Question on realistic payment?
I want to Lease a new 2009 TSX TECH
With 500.00 Down
36 Months
10k miles per year
$350.00 Including Tax
I live in ohio and would travel out of state if necessary.
Need to do the deal by end of this month.
Im i dreaming ? Has anyone been quoted something similar? With the same car?
Thanks in advance.
Mds3133
36/10k
$1760 TOTAL due at signing
$339/mo (which includes NJ tax)
Going tomorrow to sign the papers and pick it up.
3yr/36k mi
$369/mo
$850 at signing (including first month payment)
This was in Reading, PA
hes willing to give me now 339.98 a month for 12k/36 mo and 1980 due at signing includes first month and taxes
Put the lowest amount down.
Hey, It sounds like I can get a base model for well under $400mth with $0 down.
Perhaps close to $400 on a tech model. I will be looking for a new lease soon.
I really need to test drive a TSX! Though I would lease one without doing so.
Test driving before buying is always a good thing to do.... The TSX feel isn't for everyone but the price sure is. I came from BMW so the lack of steering feedback on the TSX was a huge turn-off but saving $100+ a month is a huge turn on! I agree though that regardless of the test drive, the reviews and price had me sold before test driving.
Term: 36m/12k per year
Monthly Payment: $395 w/ taxes included
Due at inception: $1200
Does this sound like a fair deal at all? I'm starting to think it might make sense to wait for the 2010's. Any thoughts on this?
1850 down incl. 1st month and taxes
339 a month
I'm content. By the way, if youre trying to get an 09 base model in the ny area, dont bother. Theyre ripping people off cuz every dealer has at most 1 car. Theyre holding it for the guy who has sucker written on his forehead (or they guy willing to outbid that guy).
This is for a TSX base model and the prices are at the bottom. First is the negotiated price good. I know they have a $750 dealer cash. The invoice of the car after advertising fees is about $27600 (little less). Should I try to go lower? I used an online lease calculator http://www.leaseguide.com/calc.htm .
This basically does every calculation for me but I have a couple of questions. I live in Texas and sales tax is 6.25% but I was told by one of the dealers that for some reason the rate is 1.2% or so does anyone know why. Also I am doing a trade in and I was told they would give me $17,500 and I owe $19,000. Yes I know I am taking a loss but trust me for good personal reason I don’t want my current car. So for the tax credit for trade in I should get 6.25% back right which would actually only add $500 from my previous loan to the negotiated price. Again what is the deal with the 1.2% tax and not 6.25% is this a thing only for leases in texas because they gave me an OTD price for this car and they were charging 6.25% tax.
The numbers I got by using the 6.25% tax in the website mentioned was of $366.29 without acquisition fees or doc fees which would be about $850 (doc fees are about 250 and acquisition fee about $600).
Also I have very good credit is it true that I can only get the money factor of .00198 for the lease. I am a recent college graduate and they told me the program would not benefit me in reducing anything. I think its all BS is someone familiar with the program.
Could someone be kind enough to check my numbers and see if the can find the deal with the 1.2% tax because I searched the net I didn’t find anything. Thanks a lot
MSRP: $29,920
Negotiated Price: $27,000
Money factor: 0.00198
Most dealers are unwilling to give me more for it because they say you can get it new for about $18500. Although it is true that people can get that price not everyone reads Edmunds or other forums and most people pay more than that for an accord lx. With the trade in I will get a little more than $1000 as tax credit so I shouldn’t pay all the taxes on the other car. Apparently I will be $1500 upside down on the car but with the tax credit that brings the total down and it would seem as if I am only $500 upside down.
Plus this is the trade in I got from one dealer I am sure that I can either negotiate a better sale price on the tsx or get a better trade in value from the other dealers once they start to compete for my business. Don’t get me wrong guys I loved my accord but there is other reasons I want to trade in but no point in getting into the details.
Has any one been able to find out if there is actually a lower tax on the leases than my regular 6.25% vehicle tax in texas.
I have read that the 2010 v6 tsx will be out probably june or july. So will this be just the v6 or also the v4. if both are out then is it possible to get a better deal than invoice plus the $750 cash to dealer
Thanks a lot for the help.
New to the forums, but I have been lurking for a few months taking in all the info. I just got a 09 TSX w/Tech with 15K miles/year.
Here are the numbers:
MSRP: $33,020
Selling Price: $29,000
Residual: 56%
MF: .00198
Acq. Fee: $595
Monthly Payment: $404 + Tax
Drive Off: $779 including first month/Reg/Misc. Fees
Got my TSX at DCH Tustin Acura. For anyone in SoCal, these guys are AWESOME! I'm not sure if I can refer my Sales guy, but if I can, I will. This guy is so great, probably the BEST salesman I have ever dealt with in my many years of leasing.
Thanks,
Iz
36 months 12k a year
Msrp. 33,020
Selling price 30,125
Residual 58%
MF .00198
Monthly payment $402
Upfront taxes n fees 2,377
Is this a good deal? It is soooo hard to find white on black and this was the only place out of 6 dealerships I called that have it. Can someone please write back asap so I can call tomorrow morning and hold it. Thank you!!
I know there is a $750 dealer incentive and I believe the money factor is .00198.
Looking for residual for the base TSX at 36m/36k.
Thank you!
I have been looking at USED Tl Type S (2007-2008). I like hte stiffer suspension and the V6. I think the new TSX, however, looks more modern and I like the interior/exterior look of it more than the older TL. I don't care for the new TL.
If I could get the v6 motor in the TSX I think that might be what I woudl get.
when will it be out? anyone here want to guess what pricing / leasing prices will be like on a V6 TSX???
I have not been able to test drive one yet, but really wanting to.
However how much more powerful is the engine when comparing the Accord 4cyl?
I am really focused on the engine this time around.
Thanks again and enjoy your new ride :shades: !
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Having said this, I wouldn't be surprised if Acura introduced some new incentives on this car today, June 2nd. Please feel free to check back with me in a day or two and I'll let you know if anything has changed.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
2009 Acura Tsx (White with Black interior)
Automatic with Navigation package
12,000 miles a year
MSRP: $33,020
Selling Price: $29,000
MF: .00198
Monthly Payment: $425 (including northern CA 8.25% tax)
Drive Off: $1500 (includes first month payment, fees, title, etc etc)
One thing i love about ACURA's in general is that the sales/service experience is sooo much better than most other manufacturers.
I've dealt with my fair share of Volvo, Hummer, Nissans, BMW's, Acura, and Infiniti dealerships for service n sales before and by far the best experience ive had has been at the Acura and infiniti dealerships (they are too courteous), and Ive always hated being at a Nissan or BMW dealerships.
Good luck to all