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Acura TSX Lease Questions



  • mk2mk2 Posts: 27
    Got the following lease deal for 2012 TSX 4-cylinder base

    Purchase price: $27,450

    Lease: 36 months, 12 K miles per year, $0 due at signing, $310 (+tax) per month.

    Sounds good to me, but would appreciate comments.

  • efavuzza
    yesterday i bought a great economical car Acura TSX. At first i went to look the new honda civic, but the lease was for ex only no leather or tech, and they were asking for $275 with $1900 down 36/30,000. Acura at Brooklyn locate Nostrand avenue were great. i bought TSX SE for $2000 total out pocket and $350 a month and Marty MGR was great. when Marty heard i was a Veteran he gave us coupons to make the deal. i also trade in 2006 VW passat, and VW is the most over rated car in the market. i think a person is better get old Fiat 124 than the PASSAT. i had negative equity on VW about $3000, Marty still made this deal happen.
    the people were so great, that i also bought 2012 Acura MDX. i am a vet so i great a big discount on MB, i also own BMW so i get good discount. the X5 body never really change in 15 years. Also it isn't good in snow last year and i am not big fan of BMW interior. The Benz interior is classic but boring, and the drive was too soft. i found the Acura interior was cockpit of F16, and it handles great and the ride better both BMW or Benz. Marty took over last payment and $2500 out pocket i got 2012 Acura MDX TECH package, and best part Acura over Benz and BMW no option everything standard. the MDX feels faster than bought BMW and BMW
    Acura is back Back
  • Just signed a lease..2012 TSX Special Edition, 15K miles a year, 0 money down (just paid 1st month), dealer paid for tag and threw in tints..$368 per month including tax

    Hope I made a good deal, feedback would help, thanks.
  • I am looking to lease a 2012 base TSX, 15,000 miles/year.

    Got the same offer from three Acura dealers in CT. All said $0 down is $370/month and with $3,000 down its $317 down. Is this good???
  • Is this including tax? Got the special edition for 368 a month including tax, 0 money down, 15K miles, so since your getting the base model, you can get it a little lower.
  • sergeymsergeym Posts: 273
    edited December 2011
    Tell them you've got past the 3rd grade in elementary school and know math basics. It is not clear if you are talking about 36 or 39 month lease. But regardless the term 3000/39=76.9 and 3000/36=83.3.

    Even at 0% interest you shoul at least get $370-76.9 = $293.1 ($286.7 for 36 month lease) with $3,000 downpayment.
  • Do you think I got a good deal? I leased a 2012 tsx w tech pack for 0 down 36mo 12k a year for $439 a month. Does this sound like a good deal?
  • $400> 410bucks a month seems clolser to a good deal. Why would ask for advice after the fact? Great car though. You will ove the stereo too!
  • well i haven't taken delivery of it yet so technically i can still say no. so would it be messed up to go back and say I want it for $400 a month. Also it was 439 after tax not before.
  • Actually after doing more research I found out its a good deal, i found out one of my friends works at the other acura dealership and he says the best he could do is take $5 bucks off payment bc the deal is basically all in.
  • Hi there. We have a 2009 Acura TSX tech with less than 9,000 miles on it (commute to Metro station a mile away). It is a 39 month lease term and our termination date is May 14, 2012. The Residual Value is $19,692. We are considering keeping the vehicle because, obviously, it's still like new. It seems like it would be worth more than the $19,692 at the end of the lease because of the mileage.

    Does anyone know if Acura will finance the $19,692 for us if we choose to keep it, or do we have to use an outside loan company/bank to finance it as a used vehicle? How exactly does it work if you don't want to pull $20 K from your investments? Really not familiar on the way lease terminations work.

    Also, our Acura Financial statement says that they cannot give a payoff for another calendar date because "The Payoff Calendar cannot be used for this account. You may have an Illinois payoff sales tax credit available to you. If you are in the last six months of your Lease please contact the Lease Maturity Center at 1-800-708-6555, otherwise please call your branch at 1-800-542-6632 to obtain your payoff quote."

    Does anyone in Illinois know if a payoff sales tax credit applies to leases? My guess is no. Yes, we will call AFS, but no humans are there until Monday, so I figured I try here just in case someone knew.)

    Thanks in advance.

  • robtroxelrobtroxel Posts: 103
    This state really jams it too you. When you lease, you pay all the sales taxes just like a regular purchase! All up front rolled into the deal It gets even better. When you purchase at lease end>>guess what, they tax you on that purchase price. So you have two seperate sales tax payouts! The old double taxation trick. In hindsight you would have been better off buying outright but then we are all smarter after the fact. I have not heard of the rebate you mention on early terminations. Doubt that it would add up to much for just 5 months.
    Honda does not help you if for example you wanted to have a friend (third Party) buy the car as HFC will only title the sale to you. I'd love to hear how you make out as I have a lease closing out in July with AHFC in Illinois.
  • demo417demo417 Posts: 1
    edited January 2012
    I can answer your questions and also (hopefully) clear up the confusion associated with IL lease tax. AFS, able to refinance your lease, but only as a used car. Once a vehicle is titled, it must be refinanced as a "used" or "certified used" vehicle. There is no way around this. AFS, is chartered as an "indirect lender", meaning they cannot finance your loan directly, like a bank. You would need to see your dealer, complete a credit application and be approved again. For explanation sake, AFS, cannot approve a loan or sum of money to an individual, their charter only allows them to purchase a financial contract (on your behalf) from the dealership. Hope that helps. My suggestion would be to shop around for the best rate and term that suits your needs. Explore both AFS (through your dealership) and your bank or credit union. You pick the best deal. The good news is, your price point is set. Your vehicle's residual value is on your contract and neither the dealer, bank or AFS can deviate from that and with Acura resale values, it is usually a pretty good deal. Try comparing your resale value to the asking price of vehicles in the paper that match your year, make and model. Then smile!
    You will need to pay sales tax in IL. The sales tax will be included in your lease payoff. You will not be "double taxed". Sales tax on a leased vehicle is paid based on the cost of the lease, not the MSRP of the vehicle. If your lease payment (for ease of math) is $100 per month for 36 months, than you pay sales tax on the $100 x 36 = $3,600 cost of the lease. Then, when you purchase the vehicle at lease maturity, you pay sales tax on the purchase price (residual value) of the car. So yes, you pay taxes twice, but you no you are not double taxed.
    In regard to AFS not be "willing" to allow a leasee to sell the leased vehicle to a third party, it's not a question of being willing. They are not able to by law. The finance company does have and cannot obtain a dealer license, which is required by law, to sell vehicles that they do not privately own and operate. In most cases, finance companies would love for leasees to sell their vehicles, it would cut out a lot of the costs associated with lease turn in, reconditioning and resale. The finance company is only permitted to sell the vehicle to party on the existing contract.
    Hope that helps with a few things. If you have questions, feel free to discuss with your finance company. They're all fighting for market share and customer service and is sought after like you couldn't imagine, in this industry. Dealerships haggle, but the finance companies deal in volume and will lay out any option available (few due to laws) to you.

    I forgot to address the question regarding lease payoff and IL tax credit. Your payoff cannot be quoted online for a future date in IL, because of how the taxes were accessed when you leased the vehicle. You paid the sales tax for the entire lease "upfront". If you payoff the lease early, you are credited the difference of the tax paid on the portion of the lease that you didn't pay, because you bought the car. Yes, you will still pay tax on the higher payoff ( your payoff will be higher than the residual because not all of the lease payments are made if you buy it before the lease matures) but that's IL. And just in case you're wondering, the residual value of the vehicle is the predicted value of you vehicle at the lease maturity. The finance companies have to guestimate this value and stick with it...they're pretty good at it. This is why vehicles with high resale values have attractive lease payments. The payments are determined by the depreciation amount over the time you want to lease the vehicle.
  • Thank you so much for the detailed information. This is exactly the kind of Illinois rules we were looking for.

    We did manage to call AFS last week to find out about the tax credit for our situation. Acura would finance the vehicle as a used car like you said, but we would not be eligible for the tax credit through them. If we finance through anyone else (Chase, credit union, etc) we get a tax credit for the residual value at the end of our lease (around $19K). Apparently, we pay the dealership for the residual value plus the 7.25% vehicle sales tax and then we will get the tax back after the whole process is over with - a check from AFS. Not a bad deal for us financially, I think.

    Thanks so much. At least we have the Acura figured out for the May lease termination date. Next weekend is Odyssey trade-in time.
  • Hello! Just got a TL with Tech and love it! Now my friend is interested in leasing the TSX with tech. Can anyone advise me of the money factor and residual for TSX with Tech, 12,000 mile lease? I understand that there is also a $500 dealer incentive. Is that correct?
    Thank you!
  • Car Man -- would you be kind enough to post the January 2012 numbers (residual, money factor) for a 2012 TSX Sportwagon with the Technology Package? Presuming top credit.

    For my area, using Edmunds TMV and TrueCar I'm seeing an average selling price of about 34.4k -- does that normally represent the "out the door" cost, or would there normally be doc fees, handling fees on top of that?

    Also interested in Feb numbers, but I suspect those aren't available yet.

    Thanks in advance!
  • Here's the information that your friend needs, labuyer100. Acura's January buy rate lease money factor and residual value for a 36-month lease of a 2012 TSX Tech 4-cylinder with 12,000 miles per year are .00061 and 58%, respectively for consumers who qualify for its top credit tier.

    The last time I checked, Acura was running a volume-based stairstep program on the TSX. This program provides escalating amounts of dealer cash on this vehicle, depending upon how many the dealer sells, anywhere from nothing all the way up to $800 per car.

    There's also some $250 dealer cash certificates on this car floating around out there.

    Prices Paid: Buying & Leasing Experiences Forum
  • Here you go harrigan. Acura's January buy rate lease money factor and residual value for a 36-month lease of a 2012 TSX Sportwagon Tech with 15,000 miles per year are .00061 and 57%, respectively for consumers who qualify for its top credit tier.

    I believe that the TMV price is before any fees are added.

    The above lease program is scheduled to run through the end of February, but Acura does reserve the right to make unscheduled changes to it.

    Prices Paid: Buying & Leasing Experiences Forum
  • dutchmastahdutchmastah Posts: 14
    edited January 2012

    I see you posted the January numbers for 15K/year SportWagon Tech model lease ( .00061 and 57%), how would this numbers differ for SportWagon Base model with 10K/year 36 months lease? Thank you very much!!
  • Thanks, Car Man. Much appreciated.
  • dutchmastahdutchmastah Posts: 14
    edited January 2012
    Just closed the deal on 2012 TSX Sportwagon Base lease.

    $2000 out of pocket - $350 disposition fee for my '09 VW that Acura agreed to cover, so $1650 overall out of pocket, with fees and 1st payment included.

    36 months, 10K/year - $260 month + tax 9% ($23) = $283/month

    MSRP: $32045
    Selling price was: $30160, the dealer said there was also a $1000 incentive from Acura, so I assume $29160 is the final price (?). I did not ask what money factor or residual they were using though. Hope this helps someone.
  • jett456jett456 Posts: 49

    How does Acura deal with early lease termination and leasing a new vehicle. I have a leased Honda Insight Nav with leather. I have 1 year to go on my lease. If I wanted to lease a new Acura TSX now would they require me to pay the remaining payments on my lease? I have very low miles on it (13500).
  • dutchmastahdutchmastah Posts: 14
    edited January 2012

    hey, I'm not an expert on this, but from my experience this kind of deals are done on an individual basis. I think a lot will depend on how anxious the dealer will be to sell you a car. They can offer you to buy out your Insight and roll the equity (if it has any) into your new lease, just be carefull so they don't rip you off and add negative equity to your payments. Otherwise, I don't see how would you terminate your lease early without making the remaining payments, if the car is not paid off. Then again, I'm not an expert, may be there are other ways too. I would suggest talking to the dealers directly, ask them what they can do for you, if you don't like their answer, call someone else. Also, there was a leasing company that agreed to buy out my car, but the best they could do in my case was $2000 lower than the actual buy-out quote was, so I did not go with it. It can be different in your situation though. Hope this helps.
  • jett456jett456 Posts: 49
  • Hello - Currently in talks with dealer about leasing 2012 TSX tech package. This is what he is offering...good deal? This is my first new car and I'm deciding to lease because i'm 24 and price to lease is chearper than to finance.

    The lease agreement would be for the 2012 Acura Tsx Technology package:
    36 months @ 10k per year with $2500 down total. It includes all lease fees, taxes & Tags. (includes 1st month payment) you would have 35 months remaining. Your total monthly payment comes to $365 per month., the residual is $19,939.

    Chances are your Tsx will be worth more than that amount after your 36 month lease expires. That way, you have the option to buy out your lease or sell it before your lease expires.
  • robtroxelrobtroxel Posts: 103
    I'd strongly consider getting at least 12, 000 miles per year in your lease deal. Any less and you will pay big time for overages.. You should get this done for around $375 monthly
  • sergeymsergeym Posts: 273
    Strange advice. How could you possibly know what mileage another person needs. A friend of mine drives only 6K miles per year for example.
    As to the actual price, I've got around $400 per month for 12K miles per year with everything included. This is with NJ tax and MV. Seems to be about $24 per month or $864 better that Braners47 is offered. $375 per month means another $900 off the price and could be tough to get.
  • Hi dutchmastah. Acura's current buy rate lease money factor and residual value for a 36-month lease of a base 2012 TSX SportWagon with 10,000 miles per year are .00061 and 63%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Prices Paid: Buying & Leasing Experiences Forum
  • You're very welcome harrigan.

    Prices Paid: Buying & Leasing Experiences Forum
  • ckigginsckiggins Posts: 68
    edited March 2012
    Car Man - do you have the buy rate/money factor for 2012 leases (both base and tech package) for March? Much thanks in advance!
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