Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

Acura TSX Lease Questions

1141517192050

Comments

  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello tyler143. Here's the info that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura TSX with 15,000 miles per year are .00270 and 63%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. You definitely do not want to lease this car for 24 months. Honda Finance's 2 year program for it is terrible.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, mycle. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura TSX with 12,000 miles per year are .00270 and 65%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi civhybrid07. You definitely do not want to lease an '09 TSX for only 24 months. Honda Finance's 24 month money factor for it is terrible right now, .00370. You would be much better off going with a 36 month lease (which I described in my previous post).

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • atunceratuncer Member Posts: 1
    Hi,
    I am a new member and planning to lease my first car.
    I got quote to have your opinions. Are those numbers OK to think that offer seriously?
    MF was .00270. Mine is .00280. How does it change the monthly payments?

    It is 09 TSX base manuel for 36 months with 12K
    Selling price = $29,720 including Destination Fee
    Money factor = .00280
    Residual = $19,318
    $0 capitalized cost reduction

    Down payment consists of the following:
    1st payment = $425
    Acquisition fee = $595
    Motor vehicle fee = $150
    NYS inspection = $10
    Document fee = $45
    Tax at 8% = $1,287.70

    Thank you.
  • redrobin1redrobin1 Member Posts: 4
    I am interested in a 2009 TSX. Never leased before but interested in this option. We were given a 36 month, 0 down, 12,000 miles lease fo 447. or purchase the car at 27900. Is this a good lease? What should I know about leasing?
  • jmb8606jmb8606 Member Posts: 13
    Is this a good deal? I have never leased before and the sales guy didnt email me all the info.
    09 TSX with tech package 6spd
    36mo,12k miles, $2k down, $424.09+tax
  • mcginsumcginsu Member Posts: 9
    I am getting ready to turn in my 2005 Acura TSX as it is near the end of the 48 month lease period, current lease payment is $349.00 per month including tax. I went to the dealer and spoke with a new salesperson (previous sales person retired) to obtain prices on a 2009 TSX basic package and this is what they gave me: $479/month- 15,000 miles, $469/month - 12,000 miles and $459/month - 10,000 miles with $1500 down. I feel like I am being ripped off .. if anyone has any thought/suggestions on this, they would be greatly appreciated.

    Thanks,
    Jackie O
  • rolento76rolento76 Member Posts: 47
    For an 09 TSX without the Technology package, those figures seem high. Try to get the sale price of the car and negotiate on that. With a sale price slightly above invoice, but below MSRP, you should see monthly prices in the high 300's without cap cost reduction. But you won't be able to tell unless you get their selling price. Hope this helps.
  • olivioboliviob Member Posts: 23
    Here's a quote from Power Acura in So Bay, Cali, is this good? I'm really new to this:
    2009 TSX TECH (W/Navigation).

    1. MSRP = $32,820.00
    2. Lease Price = $30,879.00
    3. Residual Value % @ 62% or $20,348.40
    4. Lease Term - 36 mths
    5. Yearly Miles - 12,000 miles/yr
    6. Customer Cash down = $2,500.00
    7. Monthly Lease Payment Including Tax = $439.67
  • tyler143tyler143 Member Posts: 4
    I took the advice from this forum and I'm pleased with this deal I got in Westchester, New York today:

    15,000 miles and 42 months
    MF = .00255 = 6.12%
    Residual = 60% = 17,832
    MSRP (inc. destination) = 29,720
    Invoice Price (inc. destination) = 27,398
    Sales Price ($170 above invoice) = 27,568
    Cap Cost (Sales price + Bank Fee) = 28,163

    Monthly Lease Payment = 363
    CT Tax (6%) = 22
    Total Monthly Payment = $385

    Out the door I'm only paying the first month payment of $385 plus the motor vehicle fees of $137.
  • jmb8606jmb8606 Member Posts: 13
    This is what I'm getting quoted for 09 tech package

    $32,820 MSRP
    $30,224 invoice
    $31,000 selling
    36 month lease
    10K miles
    $3,500 down payment
    $399.83 including tax
    $20,701.80 Resid. value

    $32,820 MSRP
    $30,224 invoice
    $31,000 selling
    36 month lease
    12K miles
    $3,800 down payment
    $399.49 including tax
    $20,373.20 Resid. value
  • drtraveldrtravel Member Posts: 395
    I know I'm a little early, but when the October lease rates are available, could you provide them? Looking for the base car, 15K per year for 36 and 48 months.

    Thank you
  • mcginsumcginsu Member Posts: 9
    I, too, would be interested in the October lease rates for 12K and 15K for 36 and 48 months. Thanks so much.
  • mcginsumcginsu Member Posts: 9
    Thanks for the info. I'm going out this month to a few dealers to see what they quote. I was very disappointed in the dealership (Davis Acura) where my family has already leased 4 Acuras ... it was a new salesperson and he was just terrible but I really love the car!!
  • olivioboliviob Member Posts: 23
    Ditto!
  • drtraveldrtravel Member Posts: 395
    What kind of Acquisition (or bank) Fee does Acura charge to get a lease? Do they have a Disposition Fee at the end of the lease? Did they list a Purchase Option Fee should you decide to purchase the car at the end of the lease?

    Sorry about all the fee questions, but inquiring minds...
  • gforce11gforce11 Member Posts: 225
    Acura charges $595 for acq/bank fee and no disposition fee.
    Also includes $1500 damage waiver ($500 per incident) and GAP coverage is included. I don't believe there is a purchase option fee.

    G
  • drtraveldrtravel Member Posts: 395
    Acura charges $595 for acq/bank fee and no disposition fee.

    Thanks for this - some dealers mark up the acq/bank fee - so it's nice to know what it is before hand. BMW dealers are famous for marking their acq fee up $200 and many people don't seem to know that MB charges a hefty end-of the lease fee.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome atuncer. One possible explanation for why the money factor that you were quoted is slightly higher than the one that you have seen mentioned here is Honda Finance's security deposit waiver program. Honda Finance will waive its security deposit requirement on leased vehicles in exchange for a money factor increase of .00010.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi redrobin1. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the two most important numbers to know when leasing are your car's selling price and the money factor that the dealer is using to calculate its monthly payment. I see that you already know what the dealer is charging for this car. That's a great start. Let's take a look at it. The dealer invoice price for a 2009 Acura TSX with an automatic transmission but without the Technology package is $27,399. So it appears as though the selling price that you were quoted is $500 over invoice, which is very good.

    Just make sure that the dealer that you are working with uses Honda Finance's current buy rate lease money factor of .00270 (for "Super Preferred" tier customers who pay a security deposit at lease signing) and you're in business.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jmb8606. It would be much easier to tell if this is a good deal if you provide us with this car's selling price. Never lease from a dealer that does not provide you with this information. The selling prices of leased vehicles are negotiable, just as if one was paying cash for or financing them.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jmb8606jmb8606 Member Posts: 13
    36 month lease
    12K miles
    $3,800 Drive off (Down)
    payments of $400.18 including tax(some reason off by a few cents, What is the tax at your home or county tax?)
    $371.40 with out tax.
    .00280 money factor
    62% Res. Value

    your $3800 drive off includes the following:
    1st month payments of $400.18
    Cap red of $2497.16
    Sales tax up front $243.91
    1st years fee of $8.75
    Sec Deposit $000.00
    Doc Fee $55.00
    Acq. Fee $595

    Your Residual is $20,348.40
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, drtravel. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura TSX without the Tech Package with 15,000 miles per year are .00270 and 63%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical 48 month lease are .00255 and 53%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey mcginsu. See my previous post for the info that you're looking for. The residual values for leases with 12,000 miles per year are 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • drtraveldrtravel Member Posts: 395
    Thanks for the info - looks like October's number are identical to September's. I'll just wait as I believe Honda will have to provide some incentives in the next few months given the current economic situation. The TSX residuals are higher than BMW's which suprised me and I bet alot of other people.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, drtravel.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • onlymehdionlymehdi Member Posts: 2
    i got the new Acura tsx 2009 without eh tech package this is the deal i got
    500 down including tax and fees
    408 dollars a month

    i added the 600 tire warranty for 17 dollars a month total
    425 dollars a month for 39 month
    the reason for the tire is i had Mazda6 before and had to change 4 tires over 4 years because of potholes and Acura uses the same tires
  • njspikernjspiker Member Posts: 18
    hi onlymehdi,

    can you give out more info on your lease? is that 36-month 15K/month lease? what's the breakdown cost of your inception fee? what's money factor? thanks a lot!
  • drtraveldrtravel Member Posts: 395
    I don't have the 39 month values, however if I were to lease this car I wouldn't put anything down and I wouldn't pay over invoice.

    So a car with a MSRP of $29,720, Cap cost of $27,398 (invoice price with nothing down), 36 months with 15K per year has a residual of $18,724 (63%) and a money factor of 0.0027 would have a monthly lease payment of $365.48 + TTL. I doubt a 39 month lease would be much different - the monthly payment might even be a little bit lower.

    When analyzing leases you need to provide more information than just the monthly payment. They may have bumped up the money factor, your cap cost may have been too high etc.

    Don't know what market you are in but in So Cal, buying this car for close to invoice is definitely doable.

    PS - good luck on finding the money factor in your contract. Seems like car leasing is exempt from listing the APR. Just multiply the money factor by 2400 to determine the interest rate - 2400 * 0.0027 = 6.48%. I think this is too high and am willing to wait until the rates comes down.
  • njspikernjspiker Member Posts: 18
    i was quoted MF of 0.0030 for 36-month 15K/yr lease. if you have good credit, the MF is 0.0029. can anyone tell whether it's correct for october? i saw 0.0027 from Mr carman's post too, is it right? where can i get this number officially? thanks!
  • onlymehdionlymehdi Member Posts: 2
    it is 42 month and 12k a year, also there is no fee severything is rolled into to the payment.
  • spoon7spoon7 Member Posts: 4
    Hi Car Man, since you seem to have all this info, I'd really appreciate your help on this. I was wondering which factory terms change month to month. Is it just the money factor, or do residuals (for each miles/year tier) change each month too? From what I can gather on this forum, it seems like we should maybe be expecting 66% for 10k, 65% for 12k and 62% for 15k?

    Also, you said above the money factor for October is 0.0027 or 0.0028 w/o a security deposit...is that the best rate that any dealer can use in the month of October, and they can mark it up from there? The strange thing is that the TSX lease special on the Acura website ($329/mo w/o tech 10k mi/yr) seems to be using a 0.0030 money factor, which sounds pretty high...
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi spoon7. Manufacturers' lease programs, both the money factors and residual values, do often change from month to month. Honda Finance's current program for the 2009 TSX is scheduled to run through November 3rd.

    Honda finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura TSX without the Tech Package with 15,000 miles per year are .00290 and 63%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. If you were to have your security deposit waived, the money factor would be .00010 higher. Dealers are usually allowed to mark banks' buy rates up a little to add additional hidden profit to dealers if they choose to.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • new_leaseenew_leasee Member Posts: 1
    I'm having a hard time understanding Acura's current offer. It seems to be quite good and I'm not understanding how. When I run through the calculations myself I use the following:

    Assumed Vehicle Cost: $27,500
    Residual: $17,325 (63%)
    Down Payment: $2,675
    Term: 36 mo
    Money Factor: 0.00290
    Miles: 10k

    Based on these numbers I'm calculating an expected payment of ~$400 / mo versus the $309 / mo they are offering. I'm only trying to understand this so that I can try to predict if there's a chance an even better deal will come in the future since this offer ends Nov 3, 2008. It seems doubtful it'll get better than this, but maybe I'm missing something. Can anyone help shed some light? I should mention this is without the Tech Package.
  • drtraveldrtravel Member Posts: 395
    It seems doubtful it'll get better than this

    I'm not going through the numbers for you (you can see an example in the TL lease forum for that) - however I would be suprised if Acura doesn't provide some more lease support in the next few months. Their current interest rate is almost 7% which is a bit high given the state of auto sales. Keep an eye on the October sales figures announced tomorrow. If they are as bad as September sales - all auto manufacturers will have to come up with better incentives.

    It's a buyer's market and will continue to be so for awhile - IMHO. You hold the upper hand and not the dealer - so I'm betting the deals will be better soon.
  • drtraveldrtravel Member Posts: 395
    Use the following formula to calculate a lease payment:
    (Cap Cost – Residual Value) / Term = Depreciation
    (Cap Cost + Residual Value) X Money Factor = Interest
    Depreciation + Interest = Base Monthly Payment

    In your case the cap cost is 29720-2675 (down payment) - 661.08 (discount) = 26,383.92.
    Residual value is 66% X 29720 = 19615.20

    So the depreciation is (26383.92-19615.20)/36 = 188.01
    and interest is (26383.92+19615.20) X 0.0027 = 124.20

    Monthly payment is 188.01 + 124.20 = $312.21 plus TTL (not sure where the 309 comes from - maybe a slight reduction in the MF or some voodoo math)

    Is this a good deal?

    You are only getting a $661 discount which means you are paying $1660 over invoice. I think this is way too much - in So Cal I can buy a TSX for close to invoice.

    The MF is 0.0027 with a paid security deposit.

    You have to pay a capital cost reduction of 2675 - it's pretty much agreed that you shouldn't put anything down on a lease.

    The interest rate is 0.0027 X 2400 = 6.48%
  • mcginsumcginsu Member Posts: 9
    Hi Car Man,

    When you have the information available, would you be able to advise the MF and residual numbers for November? Also, while the auto industry in general is really hurting, how would you rate Acura as to a possible steep decline in sales in October or are they holding their own? I really appreciate your help with this information.

    Thank you, Jackie O
  • drtraveldrtravel Member Posts: 395
    http://www.theautochannel.com/news/2008/11/03/216318.html for Acura sales info.

    They were down about 20% except for the new TL which was up 20%+
  • drtraveldrtravel Member Posts: 395
    This deal runs from 11/4/2008 thru 1/5/2009 - 10K miles per year for 36 months with no security deposit, $595 acquisition fee.

    Use the following formula to calculate a lease payment:
    (Cap Cost – Residual Value) / Term = Depreciation
    (Cap Cost + Residual Value) X Money Factor = Interest
    Depreciation + Interest = Base Monthly Payment

    The cap cost is 29720-2675 (down payment) - 906.80 (discount) = 26,138.20.
    Residual value is 65% X 29720 = 19318

    So the depreciation is (26138.20-19318)/36 = 189.45
    and interest is (26138.20+19318) X 0.00263 = 119.55

    Monthly payment is 189.45 + 119.55 = $309.00 plus TTL

    Compared to last month's lease deal - the residual decreased from 66% to 65% and the allocated discount increased from $661 to $906. Don't remember if they required a security deposit last month, also note that the offer doesn't include the money factor however I reversed engineered the offer to determine the money factor they would use.
  • mcginsumcginsu Member Posts: 9
    Thanks for the info. I've read that in some of the messages that you shouldn't pay much up front in a lease ... How do you get around that with the salesman? As you can probably tell, I am new at leasing and really dispise dealing with auto sales people. I always get this feeling that everything is very secretative with them and thus the distrust. My lease is up in mid-January, I keep thinking that they might be offering some good deals. Any little tidbits and tips are appreciated.

    Thank you,
    Jackie O
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mcginsu. Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura TSX without the Tech package with 15,000 miles per year are .00263 and 62%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.

    Acura's sales were off around 25% for the month of October. As bad as this is, it actually is better than the industry as a whole. Clearly Acura is going to need to continue to provide incentives on its vehicles to help them sell. However, eventually all automakers will cut production in response to the slowdown in consumer demand. They will not continue to crank out vehicles and increase incentives forever. I would not be surprised if the lease program on the TSX improved in the coming months, but I don't expect a huge fire sale.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • drtraveldrtravel Member Posts: 395
    Do you have the numbers for a 4 year lease 15K per year?

    I noticed that the advertised lease deal on Acura.com is valid for November and December so it looks like Acura isn't planning on changing their lease numbers for two months. Note also that they do not require a security deposit to obtain the 0.00263 MF - at least that's what their web site details imply.

    Thanks
  • bvdj84bvdj84 Member Posts: 1,724
    I have gotten lease quotes on the Accord, and the TSX, and it makes more sense to me to get the TSX. I get so much more, and the gap between them both is almost not there in lease numbers. They are quoting me $370 for an EX-L 4cyl Accord no navi, $0 down, then just a little bit over $400 for the TSX. Now, for what I get in just the base model TSX, it seems to me, worth the upgrade! Not to mention the TSX is an amazing car, and it has the paddleshifters I want, bluetooth, little things like this. I have not even test driven the car, but I would honestly lease one without even doing so. I am that confident!

    Does this make sense that the Accord and TSX lease deals are so close together?
    They were quoting me clear into the $500's for a loaded Accord, which goes right into TSX territory. I am sure I could probably get a loaded TSX for lower than this, give or take, it would not be to far off. Still the TSX might seem more attractive.

    I have made up my mind, the TSX is the car I want, I have looked at other cars, but I keep coming back to this car. Now if I can get my payments under $400 a month, then we got a deal.
  • waynetamwaynetam Member Posts: 18
    Hello all I am ready to lease a 2009 TSX w/ Tech before the end of this year and would really need your helps in getting the best lease deal. I've been searching the internet a bit and found many people reporting that a TSX can be have with close to invoice price now. So my question is if my lease is going to be based on a negotiated price of let's say $30,000 is it possible to get a TSX w/Tech for Acura's advertised deal on a regular TSX which is $309/month? I would like to keep my down payment under $3000 if not lower. BTW I have 760 FICO and I'm in Southern California.
  • drtraveldrtravel Member Posts: 395
    TSX w/Tech for Acura's advertised deal on a regular TSX which is $309/month?

    Some rough numbers for you:

    Say you lease a 2009 TSX w/Tech package for 36 months, 10K per year with a down payment of $2675 - just matching the web site. You say you can get the car at invoice.

    MSRP = 32,820
    Cap cost = 30,241 (invoice) less 2675 = 27566
    Residual is 32820 X 0.62 = 20348.40

    Depreciation = (27566-20348.40)/36 = 200.49
    Interest = (27566+20348.40) X 0.00263 = 126.02

    Lease would be 200.49 + 126.02 = 326.51 plus TTL

    I would never put anything down on a lease - I'm sure all the lease experts agree with me on this point. If you do the same lease with nothing down the cap cost would be 30241, the payment increases to 407.84 plus TTL which is 81.33 more per month. Over the course of the lease you pay 81.33 X 36 = 2928 instead of the 2675 down.

    Of course this lease is only for 10K per year. For 15K per year the residual would be 32820 X 0.59 = 19363.80. The payment for nothing down is 432.60 plus TTL, the payment with 2675 down is 351.27 plus TTL.

    Don't shop based on a monthly payment. With a big enough down payment I can get the monthly payment to any number you want.

    BTW - I'm also in SoCal. If you make a deal be sure to let me know the details and from which dealer you got it from. Planet Acura seems to be the most aggressive in their e-mails but I'm not sure whether they will actually come through in the end.
  • bvdj84bvdj84 Member Posts: 1,724
    Of course this lease is only for 10K per year. For 15K per year the residual would be 32820 X 0.59 = 19363.80. The payment for nothing down is 432.60 plus TTL, the payment with 2675 down is 351.27 plus TTL.
    -------------------------------------

    Now, for that $0 down, $432.60 a month. Why would I want to get an Accord EX-L 4cyl with navi that supposedly has a payment that goes into the $500's.

    Does any of this make sense? Why does it seem that Accord lease is so high, or am I missing something?
  • biker4biker4 Member Posts: 746
    Resale - it's lower on the Accord.
  • waynetamwaynetam Member Posts: 18
    Hi drtravel your final payment seems to make sense for TSX w/Tech ($326.51 plus TTL/month) but I don't understand your math. It is my understanding that when we lease a car we are only paying for the depreciation of the car correct? So if the depreciation is ($27566-$20348.40=$7217.60) over a 36 months lease shouldn't my interest payment be based on $7217.60 since that's how much I'm financing? Your math shows my interest to be based on ($27566+$20348.40) which means $47914.40! How did you come up with that?
  • kyfdxkyfdx Moderator Posts: 235,268
    You aren't financing the depreciation. In terms of a regular loan, the depreciation is how much of the principal you are paying off during the term. The amount financed is the entire purchase price. After all, that is what the bank pays the dealer for the car you are leasing.

    They add the CAP cost and residual, because they are seeking an average of those two numbers. The actual amount financed for lease purposes is the (CAP cost + residual) / 2.

    You don't see the divisor in the calculations, because it is accounted for within the money factor, itself.

    regards,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • gab2409gab2409 Member Posts: 20
    does anyone think I will be able to swing this deal before the end of the year? I'd like a 3 yr, 12k/yr lease for the 09 base. I have a trade in that is valued at $7100 (outstanding loan is $5500) per KBB's trade-in value. I would like to be at the $309/month with putting nothing down (except possibly 1st month's payment). based on the numbers in this thread, it would look like this:

    msrp: $29720
    purchase: $25650
    money factor: 0.00263
    residual: 63%
    total pmt: $309
    total pmt + tax: $332

    I think the math works out to be about $600 over invoice, assuming that I get $1600 for my trade. is this reasonable?
Sign In or Register to comment.