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$380 per month for TSX tech is a great price if it includes everything (MV, doc and so on) and is for 12K miles per year, still good for 10K miles.
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Your post is a month old but here's how i cashed out the equity on my 09 TL - take it to car max. In southern california the used car market is rough because of competition and having to deal with the hassles. Car max gave me a fair price, paid off my lease and gave me a check for $1800. done deal. No title paperwork, bridge loans. I'd suggest giving them a shot.
What is the residual and money factor on a TSX wagon for 36 mos? Base and tech w 12k miles
thanks
The money factor for a version of this car equipped with Tech would be the same, but the residual value would drop to 56%.
Car_man
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Do you have the August residual and money factor for a base TSX on a 36 month, 15,000 mile lease?
Thanks!
When negotiating your deal on this car, shoot for a selling price that's as close to dealer invoice minus the $500 available dealer cash as possible.
Car_man
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Before I sign on the dotted line, can you tell me if you think this is a decent deal?
Trading in a 2011 Hyundai Elantra with about $500 of equity on a 2012 base TSX. 36 month lease with 15,000 miles per year at $350/month including 6% sales tax. Putting down only the equity in the Hyundai and first months payment.
The next best offer I found was $425/month sign and drive, so this is sounding pretty good to me.
Car_man
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Car_man, similar to what you have for 2012 Base TSX, i am looking for residual and money factor for 2012 TECH car? Assume 36 months and 15k/ year. Also if you can give me 12K miles per year?
Thanks in advance
Mark
Car_man
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The residual value for an otherwise identical lease with 12,000 miles per year would be 2% higher.
When negotiating your deal on this car, make sure to take advantage of the $500 dealer cash that is currently available on it.
Car_man
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I am trying to lease a TSX wagon without technology package in the San Francisco area. I am interested in a 36 months at 10,000 miles/year.
I have been offered $301/month + tax and fees for 36 months. Is this a good deal? What are the August 2012 lease money factor and residual value for 10,000 miles per year?
thanks
Mark
As far as the deal goes, have the dealer calculate your lease payment using the above money factor and a selling price that's as close to dealer invoice minus the $500 dealer cash as possible.
Car_man
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Car_man
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Car_man
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The MSRP is $30,905.
Thanks!
Do you happen to know the current money factor and residual value for a 36 month/10,000 mile lease of a Base Model TSX?
Any help would be appreciated.
Thanks,
David
Car_man
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Thanks!
Car_man
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I believe the fees are around $1300 so $700 would go to down. I am also looking at the TL since I heard the TL has better deals and incentives right now.
Thanks!
Car_man
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Car_man
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MSRP: $34,005.00
Capitalized Cost Reduction: $1,000.00
Capitalized Cost: $31,000.00
Monthly Payment: $382.00
Lease Term: 36
Mileage Allowance: 45,000
Excess Mileage Fee: $0.20
Out of pocket costs: $1,483 (including first month payment)
Any advice is appreciated.
Thanks!
Could you please post the MF and Residual for a Base and SE 2012 Acura TSX. I am looking at 10k per yr for 36 months. Any lease cash available this month? Thanks for your help.
The numbers for an otherwise identical lease of an SE model would be exactly the same.
There is $500 dealer cash on this car right now. Make sure to take it into account during your negotiations.
Car_man
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Thanks
In answer to your specific question, the dealer invoice price of a 2012 Acura TSX Special Edition with an automatic transmission is $30,077, including the destination charge.
Car_man
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2012 TSX with Tech Package, MSRP 34005, got the price down to 31,000 but then the dealer mentioned a 595 acquisition fee + 395 documentation fee + tag fees bringing these fees up to $1196. Residual of 51%, money factor of 0.00011, and with 1500 down that works out to a payment of $343 pre-tax. Is this a good deal? Is paying that much in fees typical? Have never leased before.
Thanks!
Car_man
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Let's take a look at the selling price that you are being given. The dealer invoice price of a 2012 TSX 4-cylinder with the Tech Package is $32,020. This drops to right around $31,000 once we subtract the $1,000 available dealer cash from that. That's the exact selling price that you were quoted, so you are getting a good deal. Of course, you're really at around $400 over invoice after taking the doc fee into account, but that's still pretty good.
I'm not surprised about all the fees. Acura charges the acquisition fee on every vehicle that it leases. The doc fee is fluff, but in the big picture you're still getting this car for a good price. Most of the other fees and taxes are government mandated.
Car_man
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Is it typical for lessees to roll the acquisition, doc and tag fees into the capitalized amount? Washington DC charges a monthly 10% sales tax on the lease payments, so it seems like it makes better sense to pay these in cash rather than rolling them into the cost and essentially paying taxes on these fees. I think DC also charges sales tax on any cap cost reduction made, so I'm trying to figure out the optimal amount to put down, I was thinking between 1500-2000. Any suggestions?
I'll try to see if I can talk them out of the doc fee, we'll see how it goes! Thanks again!
You definitely should go with zero capitalized cost reduction on a lease.
Car_man
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The numbers for an otherwise identical lease of a 2012 model are .00011 and 52%.
If you were to lease with only 12,000 miles per year, the residual values would be 2% higher. The 10k residual would be 3% higher.
There is a $1,000 cash incentive on the 2012 model, but nothing on the 2013 model.
You should be able to get a lower payment on a '12 than on a '13 at this point.
Car_man
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Car_man
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