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Payment $360.00 (taxes included)
MSRP $28,905.00
Sale price $26,188.40.
Residual 59%
MF .00068
36 months
12,000 miles per year
No Money Down
Fees were rolled into price of car
Dealer Fee $598.50 (these are never cheap in Florida)
DMV $240
Acquisition fee $595
State rental surcharge $67 (what is this?)
The selling price of the least car is 26800. I'm being offered a lease for 349 a month with zero out of pocket. No taxes, dealer fees, or acquisition fees. Pretty much the dealer is stating that its completely zero, no money out of pocket what so ever. What do you guys think?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Also, would it be wise to trade my current lease when the mileage is almost up, but the actual lease isn't up til Jan 09. If I go out of mileage, I'll be hit with overage fees. I have an 06 Accord SE, with 28k on the odometer. I can have 36k total miles. I travel about 1k a month, so at some point, I think I need to trade this spring or early summer. let me know what the best thing to do. Thanks so much.
Anyone else have some advice, let me know
If i look at the EX-L Navi MT I want with a sticker of 27800, and say i can get it for 1,000 over Invoice at 26,328 the base payment is 252.56, but the interest is 117.62 making the total payment w/o tax 370.18 ( i took tax out as each state is different).
Now look at the TSX Navi MT, with a stick of 30700 and an estimated sale price of 28700 ( my friend go this for this 2 months ago). The base payment is 319.67 (which is higher then the accord) but the interest is only 31.21, making the total payment w/o tax 350.87.
So you can see it's not the MSRP and the sale price, or even the residual in this case as the Accord is currently 62% and the TSX is 56% (meaning with the TSX you are financing more of the car's value as they project it to be worth less at lease end then the accord). The Moneyfactor or interest is killing the payment.
Now for me a few other things add in - one being the TSX needs Premium, Accord does not. Also the Accord gets about 2 or 3 MPG more then the TSX and it's cheaper to insure.
Finally - and this is purley subjective - the accord is a bigger car, which i prefer.
That's the long answer to your question. I've got a hard decision ahead of me, and i'll be making it this week.
My wife has been looking for a replacement to her A4 and has looked at about 15 different vehicles, two Acura's being a few of them. Her lack of interest has actually peeked mine. I'm now looking at these same two vehicles. A few people in the TL forum had a similar situation where the TL ad TSX are now closer in price due to discounts than before.
In any event this post was extremely helpful in breaking down costing and some other factors that I've been mulling over as well.
Mike
2008 tsx no navi.
36 month lease. 10 k mile.
$500 out of pocket (includes first payment and all fees)
$329 a month including all fees, taxes et al.
Mine was $26,631 and the payments were still $360 a month (no money down). How are you getting it for $30 less a month? :confuse:
I'm currently mulling the idea of either purchaseing or leasing an '08 TSX w/ Nav, but before I go to a dealer or two I'm curious to know why most people are getting the car very close to invoice. I know the '09s will likely be the new revised model, but aside from that what are some other reasons? Will I have a better shot getting a lower price for a lease versus purchase? Finally, is the $1500 incentive also available here?
Thanks.
I need some info. I am currently leasing the 2008 Acura TSX, with Navigation back from August 2007, through American Honda Finance Corporation. However, I am planning to get rid of it, and finance the "new", Accord or the 2007 with no miles Accord. Am I able to do this? What are the options that I am looking here? What do you guys think? One of my local dealers are getting rid of the 2007 Accords wayyyyyy below the under prices even on the EXL V6. I hope to hear from you all. Thanks!
Leased at Montclair Acura in Northern Jersey. Drove over an hour to get there, but well worth the trip. First class dealership. Great sales people. No games. They were up front with everything.
Car drives great so far.
What does everyone think?
keep lookin.
Monthly Payment- $339
Residual- 0.0068
Money Factor- .00068
Yearly Mileage- 10K
Term- 36 Months
Residual - $18,293
Out of pocket/drive off- $1499
Out of pocket price includes-
- First months payment
- Doc Fee
- Title and registration
- Acquisition Fee
- Cap Cost Reduction
I have seen better deals for non-Navi. When you add all payments and residual, it's about $500 over invoice (with tax and dest. fee).
A good deal?
2008 tsx no navi.
36 month lease. 10 k mile.
$500 out of pocket (includes first payment and all fees)
$329 a month including all fees, taxes et al.
Monthly payment $292 ( Tax not included ). They offered the deal till jan 2nd. Its a brand new automatic 2008 TSX ( not a demo ). I have multiple choices.
MSRP - $28,905 ( AUTO without nav )
Selling price - $26,500 ( destination included )
Money factor - .00068
Yearly Mileage -10K
Residual - 60%
Term - 36 Months
Acquasition fee - Waived
Security deposit - Waived
Total due @ Signing - Tax , title and registration + $50 doc
fee,First month's payment
MONTHLY - $292
Btw, I live in Minneapolis.
Monthly payment - $284.12
MSRP - 28,860
Selling price - 26,500 ( Includes destination )
Money factor - .00068
36 months @ 10,000 / year
Acquasition fee - waived
Advertising fee - waived
Due upfront - First months payment, $50 doc fee, tax and title @ 6.5%, Title and registration. Total came out to be around $1350
Monthly payment - $284.12
I am pretty happy with the deal. Couldnt have asked for more. Was a pleasure dealing with them. Only took a few emails and about half an hour.
thanks,
I can't get them to go below $360 per month (tax included)
Selling price - 26,500 ( Includes destination )
Money factor - .00068
36 months 10,000 / year
Acquasition fee - waived
Advertising fee - waived
Due upfront - First months payment, $50 doc fee, tax and title 6.5%, Title and registration. Total came out to be around $1350
Monthly payment - $284.12
Selling price was $26,500.
Tax was about $671.
My monthly payment is $284.12
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$26,500 - did a lease:
$292.45, before 6 % taxes
$310.00/mo each month (this is drive-out payment, after everything)
$1,000.00 down payment
10,000 miles per year
36 months
58% residual
I think I could have done better but didn't have time to hassle. Don't pay more than this, prices will continue to drop and in the spring, dealer incentives will start coming if you can wait.
TSX Non-Navi Auto, model # CL9688JW:
$1499 down
$299 per month
36 months, 10k miles per year
Cap cost reduction $605
Does anyone know the money factor on this lease deal? The previous was .00068 for customers with Tier 1 credit.
Car_man
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You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new car.
Car_man
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Car_man
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You never mentioned the selling price of the TSX that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
Car_man
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Car_man
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TSX w/ Nav:
Option #1:
Payment: $356 (including tax)
Drive-off: $662
Option #2:
Payment: $335.88 (including tax)
Drive-off: $1500
Both are 36 month leases, 10,000 miles, pretty identical.
Ahh, the selling price. Well, that is what I too am trying to determine.Here are the numbers from the dealer for an AUTO NAVI:
CAP COST: $28,630.16
GROSS CAP COST: $29, 225.16 - is this the selling price?
NET CAP COST: $28,442.77
$1499 drive off breaks down to:
- $339.60 first month payment
- $782.39 cap reduction
- $68.25 sales tax upfront (8.75 tax rate)
- $263.75 CA reg fees
- $45.00 doc fee
- includes Protection pkg ($275 value)
- $339.60 per month inclusive of tax
- 36 mos / 10k miles per year / gap insurance included
- Residual $18,292
- money factor .00068
Another dealer is offering
$29,480 sell price
- $400 per month, inclusive of tax
- 36 mos / 10k miles per year / gap insurance included
- Residual $18,266.40
- money factor .00035
- includes Protection pkg ($275 value)
Thanks!
Car_man
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Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car Price: $28,355 plus tax and license
36 month lease: $330 plus tax
Drive-off cost: $662
MF: .00035
Residual amount: $17,673 (57%)
What do you think??
I've received some updated offers.
Price: $28,056
lease: $346 including tax
Drive-off: $750
This is better, I assume?
2008 TSX w/o Nav
$348/mo w/ 10K miles
$356/mo w/ 12K miles
The cost of the car is $26,585
I was hoping to get the navigation but the dealer said it would be about $60-70 more, which seems like a lot more. I'm trading in my Acura RSX and they're giving me $1000 more than I owe on the lease for it and taking care of paying of the leasing company. I'm not putting any money down and I can walk out the door paying either $348 or $356/month based on how many miles I want to get.
Thoughts? Advice? Any idea on how to get the Navi included w/o having to pay $60-$70 more?
They look pretty decent, actually.. .given they are giving you equity from your current lease..
$60-$70 more for NAV seems a little extreme, but $40/mo more. on an Acura lease for NAV is pretty normal.. Which is why I would pass on that option..
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Good? Really? I think that Nav sys price is steep....although i'm thinking of putting $1K down to get the 2008 TSX with 12K miles/yr w/ nav syst and seeing what that does to the price.
Someone once told me if you're leasing a car, you want to leave the dealership w/o putting any of your own money down. What do you think?
Yes... the lease price is good.. (without NAV). Yes, the NAV system price is steep.. which is why I wouldn't get it..
$1000 down will drop the lease price approximately $30/mo.. But, that doesn't make your cost any less.. Don't put money down. And, if you want a good lease deal, skip the NAV.
regards,
kyfdx
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If they can do $383/mo with NAV, they can probably do $345/mo. without it... Navigation is expensive, anyway... on an Acura lease, it is really expensive.. It has nothing to do with the dealer.. that is how Acura structures the leases..
Would I pay $1400 to have an in-dash NAV for 3 years? No.. but, that's me...
It may be more important to you...
Good luck!
kyfdx
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