gigabyte137

First off I have a 2006 Black on Black TSX with Navi and spoiler. I have 60,007 miles on it now so anything I do now is overage. Payoff is 17.5k dealer payoff now.... I currently have a 450/month lease with 15k per year. I still have 8 months of payment till it is satisfied. Payoff afterwards is 14,700 if I wanted to buy it afterwards... I just went in for oil change and after much negotiation I got them to give me a black on black auto base for 457/month, tax included with 2200 total down and 15k/year for 48 months.

I am assumming aprox 1600 in over milage fees if I keep the car for 8 more months plus the 8 - 450 dollar payments.

Can someone tell me what I should do and if this is a good deal or not. Thanks.....

jjmdx

I leased a base manual transmission 2009 in March2009 for only first months payment and tag/reg fees down (under $600). For $382/month with 6% sales tax, for a 3year/15k miles a year lease.

Yours sounds very high with $2,200 down and for 48months. Even if you figure 1,600 for excessive mile on your 06, that is $800, plus $75 more per month compared to mine at 36/mo lease (comes out to $800 + $2700 = $3500) Even higher for a 48 month lease. That seems very high, but I think it is high because you are trying to get out of the 06 early with excess miles. Figure out how many miles you will have in 8 months and how much they will charge you for those miles (I estimate based on the 60k miles you put on in the 40 months and at $.15 per mile it should be around around $1800 in excess miles fee). Compare it to what you have to layout now to get into a new 2010 and see if it is worth it to you. I would think you are better off to stick it out and pay the excess milage at lease end and then work a new (better) deal in 8 months.

Leasing may not be for you if you are putting so many miles (going over) on your TSX now.

Acura's are the best lease deal around as they have great residual, but the dealers will still try to get as much out of you as they can. So it is best to educate yourself. Get all your numbers (selling price, residual, money factor...) and run them through this lease calculator: http://www.leaseguide.com/calc.htm

Good luck!

GrigioX

That's ridiculously high. I got a AT Tech pkg for 36 months, with 2500 out of pocket and 12k miles for $380 with sales tax.

Consider that promotional money factors may not apply to terms longer than 36 months.

gigabyte137

You are not reading my whole post. I have major negative with my current lease...

MrOtocinclus

You have 8 months left on your lease. What you should do is wait 8 months.

No, the deal you posted sucks.

Sorry if this isn't what you want to hear.

GrigioX

So what are the numbers without the negative on your car? Kinda hard to compare if the negative is factored in to the deal you mentioned above. If they are making you pay all 8 months ($3600) to get out of your current lease, then you won't be saving on the payments. You'll only be saving the $1600 overage charge. Are you willing to pay $3600 to save $1600?

Please say no.

GrigioX

This.

ressling

that is a horrible deal. do not do it. I pay $350/mo. on my '09 6MT and I put 3k down for the lease and get 15k mileage allowance and I still think I could've done better...

gigabyte137

Well I didnt do it. I will wait a couple more months and see from different dealers the same deal and compare. Thanks...

C4n3s

just buy it outright. it's easier.

bjohnston115

That is an awful deal. Wait until your lease is up and pay the 1600. Or you could try to sell your car privately. See how much you could get for the car if you were to sell it and if it covers your cost that you have to buy it for from the dealer(-1600) then youre in the green. I am leasing a 09 blk/blk 6psd tsx on long island for $370/month 36 months. I paid only tax up front and i traded in a old clunker that they gave me 1000 for that i used as a cap cost reduction. without the 1000 cap cost reduction the lease price would have been around 400, which still blows your deal out of the water.

Farage

thats a terrible deal. just finish the 8 months, pay the over mileage fees and lease a 2010 for 330/m.