Lease Price of TL Type S:What do ya think?

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Old 08-02-2002, 01:21 PM
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Lease Price of TL Type S:What do ya think?

Hi all,

Just went to the delaer and offered a 03' TL Type S w/o Nav., for $385.00 a month no money down except for first month and bank fee. I was wondering if this is a good deal.

Here are the numbers: .0024 money factor
65% residual
Tax included in the price
Got to check for disposition fee


Thanx in advanx :wow:
Old 08-02-2002, 01:37 PM
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what's the mileage limit? How many months? nav? or without? spolier? or without? body kit? Is that with tax?
Old 08-02-2002, 01:46 PM
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We just got the following:

2003 TLS with Navi
3 year 15k miles
$470 per month (includes 6% sales tax)

First month, security deposit, tags, etcc... down.
Old 08-02-2002, 01:47 PM
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dayumm, that's excellent. Ya, give us more details since other factors affect the lease rate.
Old 08-02-2002, 02:00 PM
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hey exactly a yr ago i leased my 02 type s for 4 yrs 15k miles for 392 no money down except first month and bank fee..



sounds like a good deal to me
Old 08-02-2002, 02:38 PM
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I got a 2002 Cls, navi, SPOILER....everything .. $450.00 per month plus tax. about (490.00 total)
$0 down, no "bank fees" nothing
15k per year 39 months

anyone interested in taking it over, about 33 months left, car currently has 6k on it. BLACK on BLACK
Old 08-02-2002, 02:48 PM
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Great price, assuming no accessories (spoiler, body kit, navi). What is the money factor and residual value percentage for 3 years.

FYI....my 2003 TL-S w/o Navi, accessorized with spoiler, body kit, and visor...paid $32,000 paid tax, title, reg, fee upfront with an additional $1500 TAS. Residual was 58% and money factor was .00230 with Honda Finance. My monthly payment is $362 for 48 months, 12k miles/yr

What about tax, is that included too? Are you getting any accessories, if you are I'd jump all over that quote!!
Old 08-02-2002, 02:55 PM
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Mine is $442.00/month
15k
39 months
Sign and drive no money down.
Old 08-02-2002, 03:39 PM
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We really need to know the lease duration to give you a good answer...

Seems good for a 36/39mo lease; watch for any disposition fees. If it's a 48/60mo lease
Old 08-02-2002, 04:43 PM
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Unhappy Sorry about that. Here are the numbers everyone is looking for.

The money factor was .0024
The residual is 65%
The terms were 3yrs/12000 miles

No money down except for inception costs of course. Tax is included in the $385.oo figure.
Old 08-02-2002, 07:21 PM
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Thats a good price....almost too good.
Old 08-02-2002, 11:50 PM
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Re: Sorry about that. Here are the numbers everyone is looking for.

Originally posted by TLSNJ
The money factor was .0024
The residual is 65%
The terms were 3yrs/12000 miles

No money down except for inception costs of course. Tax is included in the $385.oo figure.

Something doesn't sound right. Either you got yourself a killer deal or he's low balling you. If I figure this out right and your numbers are right, your getting the car for a little over $28,000 including tax, fees, reg, etc.

Are your sure your numbers are right?

28,000 x .65 = 18,200 (residual)
28,000 - 18,200 = 9800 / 36 = 272.22 (base rent)
28,000 + 18,200 = 46,200 x .0024 = 110.88 (finance charges)
272.22 + 110.88 = 383.10 per month

If these are legit, I'd be driving a new TL-S tommorrow!!!
Old 08-03-2002, 11:27 AM
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sounds liek a good deal.
Old 08-03-2002, 03:34 PM
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Who is this dealer? If this is correct, then you are buying this car below invoice....
Old 08-05-2002, 03:47 AM
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2003 TL Type-S
15,000 miles/year
4 years

$369/month $0 down $0 drive-off
Old 08-05-2002, 10:31 PM
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I agree something's wrong with the numbers.
Old 08-07-2002, 12:27 PM
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So...TLSNJ....

Did you seal the deal?? How'd you make out??
Old 08-07-2002, 04:17 PM
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Originally posted by fotomann
2003 TL Type-S
15,000 miles/year
4 years

$369/month $0 down $0 drive-off
WHOA, what dealership did you get that at?!?! Is that a AHFC lease?
Old 08-08-2002, 09:20 PM
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I agree those numbers seem incredibly low. I just got mine just under 2 weeks ago and thought I had gotten a hell of a deal:

03 TL-S w/o navi
48 mo/12k per yr
first month & tag up front
380/mo including 7% tax

This worked out to be just over $28k cap cost, 61% residual (just over $17k) through AHFC. I'd like to think I got a smokin deal.

Jason
Old 08-09-2002, 02:54 AM
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I'm not one to promote the idea of a lease, but at that monthly rate...:wow:
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