Can someone help with a lease cal?

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Old Jul 29, 2002 | 04:00 PM
  #1  
Ajay_RENAMED's Avatar
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Can someone help with a lease cal?

Please.

This doesnt seem right.

2003 TLS with Navi = $32,900
3 years with 15k miles per year
Money Factor = .00240
Residual = 61%
Monthly Payment = $526.36 including state sales tax of 6%

Any help would be appreicated very much.

Thanks.
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Old Jul 29, 2002 | 04:41 PM
  #2  
SergeyM's Avatar
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From: NJ
Seems somewhat high

Using your numbers I've got $498. I would shoot for $32,500 also.
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Old Jul 29, 2002 | 05:01 PM
  #3  
Shelly's Avatar
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lease calc

With no money down other than financing fee of $550, tags and plates, should be able to pay $460 or so for 15K @ yr, 36 mo. new '03 TL-S w/Nav incl. 6% sales tax amortized in payments with no backend payment w/American Honda Financial; Chase charges a backend of $300 if you don't buy and $150 if you do. If you will not buy at end, a higher residual is better.

It has been my recent experience with four 2003 TL-S w/Nav Acura deals at four dealers: one initially quoted $509 when I walked in the door and then came down to $468; another $482 and wouldn't budge; another $491 and wouldn't budge for weeks until I said I can get cheaper and then went to $466 but too late for them; another quoted $468 and we settled for $460, all inclusive of 6% sales taxes.

Some of these dealers think we all fell off the turnip truck when we walk into their showroom. Always ask for the best deal they have, and then cut that deal down by offering to sign then and there to get your best deal. Anyway, they make their most money from the extras they try to sell to you and from their service dept.
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Old Jul 29, 2002 | 05:15 PM
  #4  
Ajay_RENAMED's Avatar
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OK thank you very much, this is for a co-worker and the numbers didnt seem right. I remember seeing much lower lease payments being posted by various members of this forum.
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Old Jul 30, 2002 | 12:04 PM
  #5  
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Hey there.

In Tucson they're running a 2002 or 2003 TL Type S (no navi) with $3991 down for $289/mo with 12,000mi/yr for 48 mo. Residual at around $18,000 for 2003 and $16,000 for 2002. I just got a Black on Black 2002 Type S w/o Navi with $3,007 down including spoiler and that Teflon stuff (thought I'd give it a try), 15,000mi/yr for 48 mo for $377/mo before tax and a residual of $15,800. Good Luck!

Tad

p.s. 1st Post - Hi all
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