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But, atleast I will be educated.
Honda Finance's base lease acquisition fee is $595.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
You're basically getting this demo for dealer invoice minus around $0.30 per mile for the miles that it has on it. I personally would want more of a discount for the demo miles if I was looking at this car...otherwise I would just go with a brand new TSX, but everyone has their own threshold for how much of an additional discount it will take to convince them to go with a demo.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
What was the sale price?
36 Month Term
10,000 Miles per year
Base Payment: $357.39
Total Payment (Including Tax) = $379.99
MSRP: $30,120
Purchase Option: $18,875
Money Due at Inception: $1324.94 (includes 1st month payment, acquisition fee of $595, Registration Fee and Document Fee of $300, Upfront Taxes of $38.37, Cap Reduction Cost of $11.58)
When you divide the money due at inception over the 36 month term (excluding the first month's payment), that is really closer to $405 per month. I was able to do better at a local dealership and I felt more comfortable.
I also worked with a lease broker M & V Leasing out of NJ to try to get an Audi A4, but just felt uncomfortable with the transaction.
Please let us know if you end up going with VIP Auto NY and if it is legitimate.
Thanks
I'm looking to lease a 2010 TSX-4cyl base for 36mo/12k in NJ. With today's money factor through Honda leasing and residual, along with any current dealer cash, what would you consider a good deal these days on a monthly payment? Thanks.
Paid Invoice
Got the car for $433/month
$0 out the door.
Gave me $1500 over my lease buyout on my 2007 TL..which I had 7 months to go on.
3yr
36K
Real happy with the service I received from Lehigh Valley Acura in Pennsylvania. My local dealer tried to poke me in the eye with my 1st Acura purchase years ago and I fired them and deal with a dealership 40 miles away. Whole transaction took 10 minutes over the phone. Drove there and picked up the car and went home. Pleasant experience. Anyone dealing with a Reading Piazza Acura should drive a bit for a pleasant experience.
We now have a short list of cars we would like to lease including the TSX.
We would like a 36 month 36k lease and were wondering if you have the new MF and residuals on a Base TSX with Automatic Transmission. We are getting no other options on the car.
Are there any other marketing support dollars or Honda loyalty money available that you are aware of?
Thanks in advance for your help.
Are you saying $433 / month (did this include tax?).
Which TSX did you get and what options - final sticker price including options was?
When you say they gave you $1500 above lease buyout for your car - do you mean they cut you a check or did they apply the amount above the lease buyout toward a cap cost reduction?
Did you work with a sales person or the internet dept and are you allowed to provide their name?
Thanks & how do you like the car?
The numbers for an otherwise identical lease of a base TSX V6 are .00119 and 57%.
If you were to lease either of these cars with only 10,000 miles per year, their resids would be 1% higher. The addition of the Tech package knocks 3% off of the above resids.
Acura is providing special cash incentives on TSX V6 models, $1,500 on the base and $2,000 on the Tech. Make sure to take this cash into account during your negotiations.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I am thinking this is a good deal, no?
Its a very nice car. Hopefully it has Honda reliability. We got a 3 yr 36k lease at $367 + tax. The only money we paid was for the first month's payment. The plates, title and all that stuff were rolled into the monthly payment and I think we got a pretty good price.
2010 Acura TSX V-6 Base
36 months
15,000 miles/year
$0 due at signing (first payment and all fees rolled into lease)
$427/month including tax
Dealers are moving the V-6 models even further than $1,500 (marketing support) below invoice. No one wants them so they are ready to deal. My deal's cap cost wound up being around $2,500 below invoice.
Hope this helps your negotiations!
I think Honda will find that most will not opt for the V6, especially for the price tag.
You got a great deal though. I am looking to lease a TSX in the spring, tech/w the 4cyl. It seems that it is leasing better than the Accord. However, if I get an Accord then I will opt for the V6.
something just doesn't seem right here!! I would shop around at other dealers then for the 4cyl with tech because that price sounds ridiculous; the price the other guy got on the base V6 seems pretty good for a car costing almost 34k with 0 down
On another, my '07 base TSX that I turned in had a 6 disc changer and my '10 TSX V6 ($36k vehicle +) only has a single disc CD player WTF!!! I found this out setting up the stereo settings after I signed the deal :-(
Are you serious, the $36k TSX V6 only has a single CD player? That may seem like a small issue, but for me, as music guy, that would be a huge problem!! Wow, see I never knew that.
Seriously, if the 06 Accord SE had this, why is it that the TSX does not.
But, I think they are wanting you to get the tech package which has more music options such as the 6cd changer. So if I get the TSX, I am literally forced to get the tech.
Your post states the residual and money rate for a 36 month lease. The Acura web site offers a base TSX on a 30 month lease for $289 per month. Is your 36 month deal the same as the factory 30 month deal, or am I comparing apples and oranges.
Enjoy your new ride :shades: !
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Here's the deal I just got on a 2010 base TSX, 36 month lease, 10K miles per year...I turned in a leased 2007 TL 2 months early, which was figured into my deal with the remaining 2 payment to Acura Finance covered by the dealer.
MSRP - $30,120 inc dest charge
+Sales Tax - ~$900
Cap cost - $29,175 including sales tax
Cap Cost Reduction - zero
Residual - $18,675
Money factor - .00137
Monthly payment - $372
OTD - $692 (included 1 month payment, title, plates, doc)
I think I got a pretty good deal.
3-year lease, 12,000 miles, residual 61%, payments $364/mo (includes 6.25% MA sales tax) plus about $1,000 for acquisition plus title and registration. Cap cost price was reduced to $27,750 with a money factor of .00168.
Did I get ripped off? It was a long, hard negotiation and hope it was worth it.
Calculate what your pay off was, and then look up your trade value...then this will be your equity you could have got with the new deal. Now, you won't get 100% of that equity, but most or some of it.
Hope this helps, of course if its signed and done, you'll know for next time, and to not trust this dealer again.
2010 TSX tech, 6 Cylinder.
$34,200 CAP
36/12k TERM
$473.29 MONTHLY
$595 ACQ FEE
$53.55 TAX (Pennsylvania)
$193.50 T & T
$1315.34 DUE (we will include all season mats)
Thanks for any help/comments. I appreciate it.
Regards
VikingMan
I'm about to lease or buy a new 2010 tsx base I4. I've been getting quotes from the internet sales dept's of a few delaers as well as one actual dealership that I visited in person. So far, the best offers I have are:
$27,900 purchase price (can take advantage of 2.9% financing for up to 60 mo.) OR
$349/mo lease, $2k up front for taxes and fees, 12k miles/yr, 36 months. money factor .00168, residual value 61% of MSRP (30,120)
How much more can I get away with, or what would be the best price I can expect to actually get now? I'm looking to sign the deal by Saturday.
I'm still torn on the buy vs. lease thing though. How would you all feel about having this car long-term (meaning 5+ years)? How well do you think the value of this particular model will hold up? Historically they've done well, but it seems that so many people are iffy on the new design Acura has opted for on all it's models. If this changes again in a few years, will it be a disadvantage to own one in this design? I personally like it, but aesthetics is all a matter of opinion. Is it more worthwhile to trade up again in 3 years? I can swing the payments either way, and if all goes according to plan, I can either upgrade a lease or have the car paid off in 4 years. Any opinions would be much appreciated, esp. in regards to your experience buying or leasing this particular car.
Thanks!
This car would cost a bit more to maintain, however, you should have minimal issues, as it is essentially a Honda. But, fancier parts.
You should start some email quotes through acura.com, start with $0 down.
Don't let dealers bully you, There are plenty of dealers. Look over previous quotes here too.
MSRP 30120
Sales price 27769
MV 270
Doc 296
Acqu 595
Internet 6.50
NJ tire tax 7.50
NJ sales tax 7%
Residual 30 mo .61 16939.09
Residual 36 mo .59 16383.71
MF .00168
monthly 30 mo.: $380.69
monthly 36 mo. $382.38
$1556.89 OTD
I still have 3 months left on an "07 at $330.67/mo.15Kmi./yr. I could simply pay that off ($992.01)for a total OTD of $2548.19, but I think that would be pretty much throwing that money out the window. I currently have 41,700 miles. Does Acura offer a 60 day Credit Rate Lock like BMW? If so, wouldn't it be better to drive the car into February and only eat one month's payment before hitting my mileage limit? Car Man please help! One last thing: I like the Basque Red, but they don't have one in stock. they have plenty of Grigio's which would be my second choice.
I am looking to purchase in the next week. Which car dealership in NY gave you that price if you dont mind me asking? Also I thought the sales tax in NY was 8.875?
Thanks.
I know there were are negative things posted about Paragon on various websites, so I did all my research berfore walking in the door and went prepared and not expecting much. I was very straightforward with them on what I wanted and I wouldn't settle for less. I was able to work out a fair deal pretty quickly, and it wasn't a bad experiene at all. They had a holiday sale going on so def. ask about this if you go there. The prices on their sale flyer were a little lower than I paid, but only for the color combos that weren't selling well.
Good luck!
Is this a fair deal?