The Acura website describes a RL Lease Offer at $599 for 36 months with $3694 due at signing. Has anyone executed this lease? Is it a good deal? I'm curious as to what depreciation value, money factor, and price they are using. What mileage is allowed?

Thanks

 

Its the other things that matter; Acura has advertised $599 per month for 36 months since at least May so that part of the deal is nothing special.

 

I agree with MSU on this one.

While they have had this $599 in effect, they further sweetened the pot by offering the dealers an additional $2500 holback on leased cars only.
That incentive ended 8/1/05 I believe.

Problem was that very few dealers truly passed this $2500 bucks onto the leasee. Most kept it to themselves, & stuck with the $599 Acura offer. The additional 2.5k offered by Acura went into the dealer's pockets.

Steve C.

 

I leased my RL a month ago.

At the time they were pushing that $599 lease deal, but the dealer
told me that they would go $499.

I put down $2800
My payments came to $528 per month (includes taxes)
12K mileage per year

+ Wood Knob, Mud Guards, Spoiler and Key Locks

I would hope that you can talk them into this deal still today.

 

No kidding. I recommended the RL to one of my co-workers in So. Cal, especially since she was trading in an '02 RL. She and her husband went to look at several cars and loved the RL, but they got a better lease deal on a Mercedes E350, which is the "new" model. Go figure.

 

This is true. I've seen Mercedes E350 39 month/10k year leases for $529 a month with less than $5000 total drive off. Pretty competitive to the RL and you can get a very nice car. Although it doesn't have as many toys as the RL, the Mercedes 3.5 V6 is more torquey and the 7-speed automatic is much smoother and gets better mileage.

 

Any lease offer requiring a substantial downpayment is no good. If something were to happen to the car (i.e. theft, complete damage, etc...), consider that down payment gone forever. The $599 is just a marketing gimmick to lure people to come into the dealership based on a low monthly payment for a great car. Instead, you should negotiate a cap cost (purchase price) that is low as possible. You can decide to roll the remaining fees into your cap cost (i.e. tax, title, bank fee, etc...) or just pay for them outright. In any case, total out of pocket shouldn't be more than $1500. I'm leasing my RL for 36mos. & 15k mi/year for $608/month including taxes. My total out of pocket was $997.79, which included 1st months payment, registration, tire disposal, etc... I rolled the acquisition fee ($595) into the net cap cost. When I got the car (8/3/05), Honda Financial's Money Factor was .00245 with out a security deposit and a residual value of 56%. The MSRP used was $49,670, but that doesn't mean squat because it comes down to purchase price, which was $41,500 for me. So far so good. Great car.

 

Now this sounds like the dealer passed on the 2.5k incentive onto the leasee.

Please explain what you mean by "rolling the acquisition fee ($595) into the net cap cost". I don't know too much about leasing, & you lost me there.

Steve C.

 

Hmmm,
AHFC has the residual value of the RL at 29,305. (based on 3yr lease at $599 & 12k miles per year).
They tell me that is not negoitable, that the residual is set by AHFC.
If your CAP cost is 41.5k on the deal you made, what is the actual amount you need to fork over at the end of the lease to own the RL should you wish to buy it? (not including tax, financing, title, etc.)

Steve C.

 

Thanks for the info. It was exactly what I was looking for.