CLASSYCLS

Ok, 04 TSX 5AT non navi. he told me for a lease it would be 330/month with 3k down 48 months 12k miles/year. Now all you lease people is that good?? He said that he can work with me more to get the 04's out. So is it a good deal or is my girl getting riped????

Thanks in advance!!

sigmachi96

What is the actual purchase price (ie Cap Cost)? Also in my opinion, anytime you put money up front in a lease, you are wasting money due to the dramatic depreciation within the first year. Putting money down on a lease simply means you are paying some of your rent (and leasing is essentially renting) upfront just to lower your monthly payment.

I would also find out the money factor to determine what percentage of interest you are paying. A great site to learn more about leasing is edmunds.com To me, it seems you can get a better deal, especially with the 05 coming out soon.

gray_w_black

IF you have good credit you should be able to do better than that.

Given a selling price of $26K (which is more than you should be paying by about $500 imho)
and a $3K downpayment you CAN get $298/mos for 48 mos at 12K miles/year OR $318/mos for 39 mos w/ 15K miles/year. You ought to be able to get your payments under $400 w/o a penny in "capitol reduction" (downpayment), with the 39/mos, 15K/year lease.

Check out www.leasecompare.com (that's where my info comes from). Even if your credit is mediocre you should be able to do better than that $330/m w $3K down. The dealer is making a lot of moolah at those rates. Also in my honest oppinion...48 months is TOO long to lease a car...even a smooth running Acura.


Previous post is right...save your $3K and pay the higher monthly payment. Better you get the benefit of the flexibility and/or interest of having an extra $3K in the bank or in your pocket. Even if you put it in savings and withdraw the extra $70/month to make the bigger car payment, you aren't losing anything by keeping your money.

Guy Legend

Personally, I don't see leasing cars as an attractive option. But that's a whole other arguement.

vitocorleone

Your sales price should be about $25,500 for that car (not incl. dest.). I just bought one.

HCF

The only time you ever really get a Good deal on a lease is when its an advertised lease. For instance, right now you can get a VW Phaeton for $699/mo and that's a $70k car. That is about $100/mo per $10k of the vehicle. You, on the other hand, would be getting the TSX at about $125/mo per $10k. That's a pretty broad example but you get the idea.

jlukja

I thought I saw a TV commercial about leasing a 325i for $269/mo. Didn't pay attention to the lease particulars but THAT sounds like a good deal.

HCF

I remember seeing that lease too. Looks like a hell of a deal.....only 24mos too

iamhomin

First and foremost, if you drive more than 12k miles a year, don't even think about leasing--unless of course you can negotiate the mileage up to 15k without an extra fee.

Second, you'll be paying a total of $18,840 for a car that's worth $26500. Why not dish out the extra $8k to finance since you'd be able to sell the car at around $12k if you keep it in good maintenance. (More money for you in the long run)

Third, a four year lease is considered a waste. A lease should be no more than three years.

So I'd say you're not being ripped, but it's a bad decision to make. Plus, the 05's are soon due.