Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
2013 Acura ILX Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
It is amusing so many people believe they can pull a fast one on a dealer. Dealers sell cars every day. The average buyer not so often.
The key to getting a good lease is knowledge not deception.
That's why I don't advocate hiding that one wants to lease, but instead controlling the negotiations by negotiating an attractive selling price on the vehicle that they want, just as if they were going to purchase or finance it and then making sure that the dealer uses the correct money factor to calculate their payment.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
$301.50 /mon
residual value : $17780
10,000 miles / year
36months
is it a good deal?
One is for 209.00 a month for 36 months with 2499.00 due at signing.
The other offer is essentially a sign and drive at 260.00 a month for 35 months.
Terms and conditions are easily obtainable by going to their website or acuraofwestchester.com
Both offers are based on MSRP of 26,795.00. Option to purchase at 16,344.95 And the money factor I was told today by the dealer was .00024. Think that's a good deal?
The only difference I noticed on Acura's website when comparing the two is the actual net capitalized costs. For the 209.00 a month it's 23,524.96 (including acquisition fee).
The 260.00 a month is 25,494.00. How is that difference calculated?
Can one advise me which is the best approach to take?
If I wanted the premium package how should I calculate the extra monthly cost? The full MSRP of the premium divided by the term months or the depreciation value of the MSRP? Are manufacturer offers like these extremely strict and hard to change around?
My last question: I was told by the salesman that to upgrade to 12k a year would raise the payment "by about 25.00" a month. A little math determined that to be 15 cents a mile. According to the term offer, the penalty IS 15 cents extra per mile so there seems to be no incentive to pay for a 12k program other than to have the assumed 900.00 penalty(assuming I drive 36k over the term vs 30k) washed into the monthly payments. I think I'd rather take my chances on the cheaper payments and if I don't hit 36k then the extra $ is in my hands and not the dealers. Is my thinking logical with this? Can I negotiate 10 cents a mile since 15 is the penalty at the end or am I bound by the terms of the manufacturers offer?
Thanks for any help with all these questions I asked. Hopefully someone else can also find my concerns helpful in their process of leasing.
oh yeah, one more thing, does Acura typically include gap insurance? I don't see any mention of it on the offer terms and conditions.
2) The difference in the capitalized cost is because of the downpayment in the one example.
3) The increase for the premium package should be along the same lines as the lease payment... So, if the car has an MSRP of $26K and it's $260/mo., then a $1000 factory option should raise the payment about $10/mo. (just as an example)
4) "by about 25.00" .. Just a guess... and not accurate.. Going from 10K/yr to 12K/yr decreases the residual by 1%... This will add $268 to your depreciation.. That is a bargain for 6000 extra miles... (under $0.05/mile). If you even think you might need them, it's worth it...
All Honda (Acura) Finance leases include GAP insurance..
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Seems a bit high compared to the earlier posts here. I'm hoping for some feedback on these figures before I go in there to see him. Is this competitive from your knowledge?
Premium ILX
Term- 36 months
Miles- 10k per year
First payment- $313.89
Bank Fee- $595
Sales Tax- $1002.88
Tax on Bank Fee- $52.81
Total due at signing- $1,964 plus DMV
Residual is 59% Money factor is .00024
MSRP $30,095 Invoice $28,876 (He's leasing me the car about 200.00 behind invoice)
Is there a chance I could get this monthly payment under 300 with enough hassling? Possibly sub 300?
Any thoughts are appreciated, thanks!
Premium Package
339/mo for 36 months
10k miles
$272 DMV fee, $199 Processing fee included
6% tax is also included. it's maryland so the 6% is on the total cost of the car, making it about ~$1650 total
Think I could do better?
CUSTOMER DISCLOSURE
Customer Name: Inside Car Buying, LLC WD Deal ID: 931
Sale Vehicle: New 2013 ACURA ILX DE1F5DJNW 4dr Sdn 2.0L Premium w/AC , Automatic , Odom: 0
Payment Details
Term 36
Base Payment 256.32
Total Payment 256.32
Purchase Option 17,756.05
MSRP 30,095.00
Est. Miles Per Year 10,000
Excess Mileage Charge 0.20
Amount Due at Signing
1st Month Payment 256.32
Acquisition Fee 595.00
Fees & Insurance 347.50
Upfront Taxes 729.94
Total Inception Fees 1,928.76
Total Cash Required on Delivery 1,928.76
Tax Information
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
Cashdown Tax 49.41 7.3750 Upfront
Upfront Tax 680.53 7.3750 Upfront
Fee Information
Description Amount Paid
Reg 250.00 Upfront
Insp 10.00 Upfront
Title 12.50 Upfront
DocFee 75.00 Upfront
Could you please tell me the current residual value and money factor for the 2013 ilx auto. sedan with 15k miles/year/36 mos.
Looking at both the Premium pkg. and the Tech pkg.
Would the numbers be the same for both?
Thank You
36 months:
$1,180 down (including first month's payment)
$294 month (all in)
12k miles per year
Sorry for all the questions but seems there are so many vehicles to choose from so am curious how this became your top choice.
The Sandman :sick: :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Have you made a decision yet?
Two quick questions:
How are you basing invoice pricing? Is their a legitimate website I can present to say this is what he should be basing it on? It appears he's basing his figures on a different invoice price than what I'm seeing on different websites out there.
1,000 rebate: this is a big incentive for me, but I don't see where this is advertised. How can I obtain info on this rebate?
I will happily post my results when I close this deal(hopefully) this week.
Thanks again.
2013 Acura ILX Premium, automatic
3,200.00 Down
12,000 miles / year
3 year term
239.32 / mo
Side note: They originally offered me 261.23/mo with the same terms, but I told them I wanted to be under 240/mo.
It seems good, I just want to get other opinions before I make the move.
The numbers for an otherwise identical lease of a '13 ILX Tech are exactly the same.
Acura is currently providing a $1,000 cash incentive on leases of the Premium and $1,250 on the Tech.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Acquisition Fee: $595.00
Document Fee: $199.00
First Month: $289.00
Title Fee: $105.00
Tax on First Mo: $25.65
Total Out: $1,213.65
Monthly Pmt: $289.00
Tax: $25.65
Total per Mo: $314.65
Should I push for 280 per Mo, and see if they can absorb the first Months payment and the document fee? Or is this the lowest that they can go?
Thanks!
Thanks again for all your help. Just purchased the tech model for my daughter
This was at Ramsey Acura
36 month lease, 12k miles
$0 drive-off (all taxes, fees, 1st month payment absorbed by dealer)
$313/month all inclusive (x35 months)
This was in northern CA.
About ready to do a deal, but is it good?
Tech Package for @369.80 for 36mos, 16k miles a year. Payoff is 18,068?.20?
I'm also trading in my honda 2011 accord coupe with close to 35000 miles on it, they offered a payoff of 14500, which is what I owe...
I asked for 16 because I drive far but only three days a week, plus adding in weekend travel...
I wanted to make a decision tonight please let me know!
EDIT: Forgot to say 0 down.
Premium package
$0 down
15k miles per yr.
$376 per month
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
*12,000 miles per year
*36 month lease (35 remaining payments)
*$0 cash out of pocket to start
$28,700.00 selling price including the $1043.97 required start ups-1st payment, Doc fee, NV title fee
$30,095.00 is MSRP
$28,402.00 is dealer invoice
35 remaining payments @ 367.66 including tax
Residual is 58% for 12k a year.
I asked to lower the payment but they said my upfront costs of $1043.97 were there reason the monthly was higher. What is a good price point to shoot for?
I'm looking for some assistance on the deal presented to me by one of my local FL dealers.
Acura 2013 ILX Premium Lease
MSRP = $30,600 (with pro pack-not sure what that means?)
Residual Value= 58% ($17.455.10)
Miles/year = 12k
Lease Term = 36 months
Money Factor: .00024
Total = $300.14 a month w/ tax ($280.50 plus $19.64 tax)
$1,626.18 out of pocket ($300.14 first payment, $799 doc or dealer fee, $453.50 tag fees, $73.54 upfront taxes.)
It seems a little high to me, his MSRP is $505 higher than what I found, and the dealer/doc fee is high, and tag and tax fees?
I would appreciate any assistance before I proceed. Thank you very much!
Having said that, you never mentioned a selling price for this car. the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is more difficult to tell how large a dealer discount you are being given...and in turn if there's any room left to negotiate.
If I was in the market for an ILX right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,000 dealer cash that is currently available on the ILX Premium model. You can look up the invoice price for this car in the following section of Edmunds.com: New Vehicle Pricing.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'm sorry I forgot to list it.
It is $26,572.55
Please let me know what u think?
I appreciate it!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Silver Exterior/Ebony Interior
$2,000 total due at signing (all-inclusive)
$244/month all-inclusive
36 months
10k miles per year
Residual value - $18,057
10784 / 11684
How do u guys think of this deal? I am going to to Acura dealer tmr here in CA...
MSRP: $26,795
Your Price: $24,391
Lease Term: 3YR/36MTH
Mileage: 12,000 MPY
Drive-Off: $0.00
Residual Rate: .60 (Or 60% of MSRP)
Money Factor: .00024
Base Payment: $275.74
Sales Price: $30,167.73
Gov't Fees: $467.50
Proc/Doc Fees: $664.50
Acquisition Fee: $595.00
Gross Cap Cost: $31,360.73
Money Factor is 0.00024
Residual is 59%
$0 Down Monthly Payment is: $379
$1000 Down Monthly Payment is: $349
$2000 Down Monthly Payment is: $319
The gov't and proc/doc fees seem high compared to other fees I've seen posted in the forum. Are these required fees that must be paid by the dealership, or are they negotiable?
Thanks in advance.
First payment $300
35 more payments of $299.97
10000 miles per year
Above payment includes all taxes title and Lic. We are in TX (Dallas Area).
I did all the deal on the email and phone and went to the dealership to pick the car, made my first payment on the phone with a credit card.
Driver_330.
https://www.surveymonkey.com/s/EdmundsForums
Can you provide more specifics re: your lease deal? I am negotiating for an ILX currently (sign and drive), but the best I have received thus far is $299/mo for the Base, $339/mo Premium and $344/mo Tech. Whatever you're willing to share would be appreciated to help me in my negotiations.
Thanks in advance.
What exactly you want to know,
MSRP 32295
Sale Price 28170
Aq. Fee 595
Tax 338.04
Doc Fee 125
other fees 206
Gross Capital Cost 29434.04
Residual 59% 19054.05
Money factor .00024
Miles 10000 per year
Term 36 months
First payment or down payment 300
35 more payments of 299.97
If you need more info please let me know.
Regards,
ILX Tech with the following accessories: Pro Pack (splash guards, wheel locks, carpeted floor mats, and trunk tray) and all-weather floor mats).
36 month / $0 down (sign/drive; dealer pays all fees and first month payment) / 10,000 miles per year for $320 mo (including tax).
Thanks to everyone for all of the information in this forum. It was very helpful in my negotiations.
I'm new to this forum, but I am in need of help with my first lease deal! Here's my scenario:
I bought a car about 7 months ago (big mistake), and now I hate it. I went in to see the 2013 Acura ILX w/ Premium package. I loved it. After going back and forth with two dealers they gave me a quote at $26,545 (price of car). It's a lease deal for 10k miles year at 36 months. Once they added my negative equity which is about $3,000 the payment came out to $390.00. Do you guys think this is a good deal? Also, how is Acura with their leases? Thanks!
The dealer invoice pice of a 2013 ILX Tech is $30,438. If we subtract the available $1,750 dealer cash from that it drops to $28,688. The selling price that you were quoted is nearly $1,500 higher than that before taking into account the doc fee. That seems a little expensive to me.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum