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2013 Acura ILX Lease Questions
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This may be in the wrong forum but I've found this site helpful in the past and I do not see any lease discussions about the Acura ILX. I am trying to get the residual value (10K miles per year) and money factor on a 36 and/or 39 month lease. I am interested in the Acura ILX 2.0 Tech package or the ILX Hybrid with Tech.
Any help would be greatly appreaciated.
Acura's June buy rate lease money factor and residual value for a 36-month lease of a 2012 ILX Tech with 10,000 miles per year are .00110 and 63%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of an ILX Hybrid with Tech are .00110 and 61%.
Car_man
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Car_man
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I was able to get a tech package ilx black on black for my sister-in-law at $279 a month (which included tax and license), 3500 down (that includes total drive off), 36 month lease term, and 12k miles per year. I was shopping around and this was the best deal that I was able to get in the southern california market. Hope this is a good deal and someone else can use it as a baseline shopping tool.
The dealer keeps pushing a 39 month lease. Are the rates any better for this? Also, I've been told the Tech package really lowers the residual value. Does anyone have similar data (36 or 39 months, 10 K) for the premium package?
Thanks again. I like the car but these prices seem really high in comparision to the MSRP.
Car_man
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Does the base model have a sunroof? I know it doesn't have power seats which is ok but I do want the sunroof. I think this deal seems fine for zero down. Maybe I can get the price a bit lower if I wait a few more months. My honda lease is up in January.
It does not have backup camera or upgraded audio/larger wheels/leather of the Premium.
Car_man
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The offer on the Premium was $326 with all other terms above the same.
Thanks
Car_man
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Gross cap (ILX tech package): $30153.32
Cap cost red: $586.66
Res: $20,345.85
Money factor: .00141 (national lease promotion)
Monthly: $306.81 + $19.18 tax
This is the third time I used Edmund's dealer quote system and third time I walked away feeling like I got a great deal. I sent out to 4 or 5 Boston area dealers that I wanted a lease quote on an ILX tech package, 39 mos, 10k miles, $2,000 out of pocket all in. Email only. Once I narrowed it down to a couple dealers who were serious, I picked up the phone and finished the negotiation by phone. I didn't step into the dealership until the day I went to pick up the car (I test drove the car in a different city so there would be no pressure).
Good luck!
12K Miles a year instead of 10K
$372.00 Out the door with tax 38 Months
$418.00 Down (Yes less than $500.00)
Money factor .00084
Good deal?
What about taxes, title, and doc fees?
If all you pay is $6,000 and pay just $221/mo... sounds like a good deal.
Are you kidding me? 6000k down, why don't you just buy the car. You NEVER put that much down on a lease, the whole point of leasing is to have a really low down payment. You shouldn't be putting anything more than 2000k down on a lease like this. With that down payment, your monthly payments should be around the $329 ball park, if they aren't hosing you.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Let me begin by saying that $6,000 is way too much money to put down when leasing. I always advise consumers to put as little as possible down on leased vehicles. If your vehicle is totaled in an accident or stolen and never recovered there is a good chance that any money that you put down will be lost. Even though your monthly payment will be higher, it is much safer to go with a zero down lease.
What you need to find out is what selling price the dealer is charging you for this car.
Car_man
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Any help would be appreciated.
Thanks,
David
Total down.........$2300.
38 Monthly payments of...........$325.
I could not be more pleased with this car. In recent years I've
had BMW [2], Lexus [3] Infinity [3] Audi [1] Cadillac CTS, and Lincoln MKZ. So far, I can honestly say, ILX compares favorably to all of them.
Car_man
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Looks like they have a special too, $239.00 per month for 36 months. $2,299.00 total due at signing. I know your not supposed to put alot down on a car but I'm trading in an old car hoping to get $3000 for it. True car says the car should be 28,203 ($1892 off MSRP) if I could get it for that price how much would it drop the monthly payements? The offer I posted is based off $30,094 MSRP. Thanks.
There's nothing wrong with trading in your current car when leasing a new one, but you would be better off having the dealer cut you a check for any equity that you have in your trade rather than use the proceeds from it as a down payment on your new vehicle.
Car_man
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My wife is interested in leasing an ILX Hybrid with Technology Package.
Same residual and money factor as for the gas engine ILX's?
Any dealer cash or other incentives out there?
Thanks for your help.
I looked at the ILX Hybrid over the summer and the residual was lower than on the gas models. The money factor was the same. I am not sure if this still stands but would believe it may. Car_man would have more specific data, but if time is of the essence I wanted to provide the experience I had.
We wound up getting a Volvo S60 in August and waiting until Spring to lease our hybrid. I will let you know that my wife and I compared the ILX Hybrid to the Optima Hybrid and we both preferred the Kia. It was faster, took regular gas and had more features (cooled memory seats, heated steering wheel, dual sunroofs etc). At that point, the Optima Hybrid also was about $100 per month less to lease. I am still considering the ILX in the Spring but leaning towards the Kia.
Happy Hunting!!
Thanks for sharing that information.
To be honest, the ILX wouldn't be my first choice. However, its the car my wife wants to get.
She has refused to look at it objectively - or at least from my point of view.
It is a Black on Black ILX premium package and Tech package!
Oh and the residual value is $19,377.
It seems like a good deal to me as compared to what others have posted on here.
Pretty good experience with all the sales man and thier finance guy.
There is now a $750 cash incentive on leases of this car.
Car_man
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2-year leases are usually much more expensive than 3-year leases because the large initial depreciation hit is spread out over a smaller number of payments.
Car_man
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215$+tax...1500$ drive off....36 mon.... should i go for it? or wait till end of month when deals are more aggresive & dealers giving good deals. :confuse: