Hey guys any idea what it costs to lease a cls? not a 2003 though. how old of a car can you lease? i wouldnt mind leasing a 2001 cls and getting rid of the first gen so i have some more power but if it costs alot more than I am paying now to buy this car then I'll stick with my first gen 3.0.

 

u need to go to your dealer to get the exact lease fee..as due to yoru credit or income...i am not sure..each person's lease or interest is vary... and the amount of your down payment too...

 

2 week ago I leased a new 2002 Cls, here is what I got

2002 Black/Black
Navi
Spoiler
Moon Roof Visor
completly loaded
$30,800 out the door
$0 down 39 months 3.3 %
459.00 month

I doubt anyone else can get this deal, I know the guy that leased it to me. great deal

 

Be cautious when leasing, there are many ways for the dealer to screw you. 1st thing you need to do is NOT disclose "the payment you're looking for". The dealer can manipulate the numbers to get you your payment, but you end up paying more in the end.

First bargin on the cost of the CL. The cheaper the car, the less your payments. I got my 2002 CLS for $28,500 with spoiler installed. The dealer will question why you're worrying about cost of car, but don't listen to him. Cheaper is better

You shouldn't put any $ down (or very little). All that does is pre-pay the amount that you would have normally owed. For example, if you negotiate $30,000 for the car, your payments will be X amount. For every $1,000 you put down, your paymeny will be X-$29. If you keep that downpayment and invest it (even at a weak return of 5%), you'll make $50/$1,000. As you can see, this is money you should keep and invest so you get the benefits of compound interest, not the dealer/finance company.

Next it the interest rate you pay on the money you borrow (which is what you're doing). The lower the CL's price, the lower your payment because you pay interest on the total price of the car, not the "amount you use it" which can be calculated as negotiated price - residual. Secondly, the lower the interest rate the better. I got mine at 3.5%, which is pretty good.

So now you have your monthly payment, but don't forget, depending on the state you live in, there might be tax on that payment. Here in PA, the tax on lease payments is 9%. Ouch!

This is the deal I got:
cost: $28,500
down: $1,000 ($500 trade in, and $500 cash)
interest: 3.5%
tax: 9%
monthly payment: $421.66

 

That's right, don't put nothing down . This can hurt you if something happens to the car (total it) in the first few months, this money will be gone out the window. Also, get that good interest , 3-4 % is great for a Acura

 

Check out leasecompare.com. I just leased a 2001 CL from them. Good service, great prices.

Lucan

 

Leased mine in December.
Price of car=$28900
$1200
39 month 15K miles/year
I pay $420/month including 6% tax

 

so basically how leasecompare.com works is you find a car you want to get and instead of applying for a loan I just lease it through them? do you have to get it at a dealership?

 

dude lease through Acura, they give you a $500.00 dollar credit toward any damage other then normal wear and tear. Plus their interest rates are killer right now, I got mine @ 3.3%, can't beat it

 

Don't lease.....all that you get in the end is recipts

 

I'm glad I leased, why should I buy a car that holds a shit resale value....in the end, it works out the same.

Plus, I have PDG (love the color)- but have fun trying to sell it for book value.

 

I'm also glad I leased, I could have a payment of 600.00 + but why do that. There are pro's and con's whatever way you look at it. My take is people think that buying is good because you build "so called" equity in your car . However, this is money that you never really see, you never hold this money, what you end up doing is putting it towards a down payment on your next car. what the point , get a lease with $0 down and cheaper payments, you also get a new ride every 39 months.

 

exactly why I am thinking of leasing. couldnt have said it better.

 

If you use leasecompare.com you can go thru a dealer or private individual. The wonderful thing about this company, is that you generally get a lower rate because they have several finance institutions and you get the cheapest rate of them all.

Lucan

 

I looked up my Acura lease and compared it with leasecompare.com rates , same lease would cost me $50.00 more per month if I did it through leasecompare, plus you have to put 499.00 down for deposit, fee's. bad deal!

 

Sometimes a dealer can give you a better deal than leasecompare.com, if so, then go with them. But in general leasecompare is going to be the cheaper option. I'm not sure what you mean by a $499 deposit fee? There's a $395 disposition fee, but I would be very surprised if Acura did'nt have something similiar. Never heard of a lease without this fee.

Lucan

 

Acura sure doesn't have this, I paid $0 out the door , not a dime. They find ways around all the detination , deposit and other fees

 

Sounds like they just rolled the fee into your monthly payments.
leasecompare is just another option and perhaps a bargaining chip when you talk to Acura.

Lucan

 

My lease has a $1500 credit