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Comments
Now is not the time for a company to mess around with numbers. It won't last long, but will take a while for the newness to wear off.
We as customers must be careful to not fall in that trap too. $100 more a month to have it in your drive way? Worth it? Perhaps? but the TSX is nothing new. Don't fall for it. Its not like were being cheap, but we want what is right and fair. Walk out if they can't atleast be fair.
I' have not been offered any of the incentives you talk about
All they tell me is that the 2010 will be so much more a month to lease
I live in Florida. Dealer is giving me a 09 TSX Tech for 29k
What kind of deal are you getting?
From leasecompare.com:
Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss.
For example, a customer once leased a Toyota 4Runner and put $3,000
down as a cap reduction. Five months later the vehicle was totaled in an
accident. The client's insurance paid its portion of the lease payoff and
Gap Insurance paid the balance. Our client walked away with only paying
his insurance deductible but he did not get reimbursed for his initial down
payment of $3,000. It was lost.
The moral of this true story is to put as little money down as possible,
ideally no money down.
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2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Rob
The current deal is 299/month, 2405/down and 3299/due at signing. How do you convert this to nothng down with a good buyout price. I do anticipate buying it at end of lease and keeping it for at least 7 years.
All help is appreciated.
383 with no money down
Just to give you a ballpark number
#1 Buyout terms on a lease are generally not favorable. In faxt you can return the car to the dealer and basically buy it back at a lesser amount on the contract. Only one time did it make sense for me as I was way under mileage.
#2 If you are keeping a car for 7+ years buy it for get the lease. I think there are some special interest rate deals for Acura?
#3 You lease because you want the flexibility of the lease and you dont want to buy the car.
BTW that deal you have is terrible. You ask for a SIGN and drive lease. You need to do better on an 09 base model than that. You cannot negotiate buyout price with American Honda.
Rob
Rob
As someone else already said there is no negotiation of the buyout price. That price is MSRP X the residual % set by Honda Finance. You negotiate the selling price.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Nothing about an acquisition fee included. TTL extra.
I am in the process of getting an internet quote on the bottom line selling price to see if any of the $2,000.00 balance can be reduced from the selling price and then added to the 36 monthly payments.
Will advise on the pricing I receive.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
15k/yr, 36mo, only first month's down, dealer threw in tint. Literally drove home after cutting a check for $425.
Probably could have saved a few more bucks, but I thought it was fair. Sales price was $29,035 on my contract.
Based on my experience, people looking for 12k/yr should be getting closer to $400 per month with first month's down.
What do people think?
I like that deal! So perhaps I could get a deal like under $400 for 12k? But, I am thinking that I need 15k. I am roughly about 3,500miles over.. where I should be for my current lease. I am not worried, as I am going to trade it early anyway.
Nice deal. I need to make a point of going 1hr away to drive one.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
There is alot of support on the TL with Tech. That car may be in the 450 range. Comparing the deals I say 450 a month with first month and tags is better than an 09 TSX (smaller engine) less features.
good Luck
rob
However- yesterday was the last day for Acura's Money Factor rates and dealer cash on the car. You will have to wait until later today when Honda Finance releases the new numbers. If it stays the same - you have an extra 500 you should be able to save
If they get rid of the dealer cash or bump the MF - that might be the best you can do
Again - tell them you dont want any cap reduction and then shoot for 425-450 and you will be in good shape with 0 money down
All the base TL has going for it is the bigger engine
Remember only love something that can love you back.
Rob
$1500 down,
$530/month for 42 months
15K miles / year...
purchase price $28K
I figure the $4500net diff between negative equity and inital down equates to roughly a $110/month figure dealer should earn something on that money so call it $125/month thus without the negative equity calculated into the monthly I figure I am paying roughly 405/month for the 2010TSX ...I think I could have done better...at least I am getting 10mpg more and since roughly 10K of miles I drive are reimbursed at 51.5cents per mile the vehicle almost pays for itself. I would appreciate anyone elses analysis, as I have been second guessing myself since I left the dealer...not on the car but the deal...
IDK I just leased an 09 tsx w/ tech and i def think i could have done a lot better
Drive the car first, I came from a TL 6 cyl to a 4 cyl It seems awfully loud & blue tooth is not great either. I m not sure if it's all the tsx or if i got a lemon???
Appreciate other opinions
Someone mentioned if your credit is very good, you maybe wouldn't have to place a down payment on the lease. Is this true?
What's the point in negotiating the price down from MSRP if you go with an Acura lease incentive whose residual is based on the MSRP, and not what you haggle down to? Plus, In my state tax is paid monthly, and so is lower than based on the final cost, so no tax break on haggling down as I see it.
So I wonder--if the current lease special for a '10 Tech is, say, $389 for 36mths, tax might take me up to around $420/mth. Would a 5 year loan be that much more? Help? Have pity?
Rob
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 TSX V6 non-Tech with 15,000 miles per year are .00243 and 58%, respectively.
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Prices Paid: Buying & Leasing Experiences Forum
From what I have seen......the numbers dont look as good as last month.
Rob
No they are not. You can get 10,12, & 15k
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I have attempted to work with several dealers, based on their figures one would think the recession is over and so is the 9.5 % unemployment rate. TSX sales alone were down 53.1% for June 2009
Rob
Rob
My biggest pet peeve with the vehicle thus far is that they managed to omit 2nd row A/C vents? How?
I really enjoy driving the TSX, athough I do miss my Ridgelines AWD which although was tough on gas felt like it was glued to the road doing 90 in the pouring rain, not sure I will do that with FWD . I imagine your TL being a bit heavier probably felt similar and definately did if you had the AWD.
My latest calculation for a new 2009 TSX w/Tech Pkg in NYC metro area for 36 mo./15k is:
Sticker: $33,070
Base: $28,750 [based upon what actually sold]
Residual: 56%
Money Factor: .00198
Sales Tax: 8.375%
Mo. Lease: $409.43 incl. sales tax
add upfront first month, tags, Honda fee.
Only thing I'd add, personally, are splash guards and wheel locks.
Too bad Acura no longer offers OnStar, I had it in my 2003 TL-S, currently have it in my 2007 Saab 9-7X 5.3. Absolutely terrific service, worth every penny!