First time Lease coming to end. Advice.

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Old Oct 8, 2014 | 01:16 PM
  #1  
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Red face First time Lease coming to end. Advice.

Hi Guys,

Can't believe how fast 3 years fly! I am already down to last 2 payments for my lease of 2012 TSX SE 6MT. This is also the first time I ever leased a car and it is coming due faster than a speeding bullet. Phone calls and emails for the dealers have already begun to "upgrade" me. So, I have a few questions but here is the condition of my car first:

15,500 Miles. Still has the new car smell.

After Market Acura Wheels and tires, but likely put the stock ones back on if I turn in. They are brand new with 1000 miles on the.

Wear and Tear is typical city parking. Small scratches on the rear bumpers nothing major.

Breaks were in decent shape at the time of inspections.

I have insurance claim to get the rear bumper painted, but I don't know if I should get it done before the lease turn in inspection.

Here are my questions:

What games/fees dealer will try to tack on me when I go in? (one dealer won't inspect my car due to tint)

Can I negotiate my buy out price?

Can I go month to month? My lease ends in mid jan but my work bonus is not till mid February.

I really want to keep the car since it will be worth same or more as buy out now and it is a 6MT. I like the TLX but no MT or dual exhaust is killing it.

Really appreciate your input.

Thanks in advance.
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Old Oct 8, 2014 | 01:22 PM
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Usually, you can request an extension on your lease and negotiating the final buyout, if you are intending on purchasing the car, is not uncommon, especially if retail value is below your buyout.
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Old Oct 8, 2014 | 01:23 PM
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I haven't leased in a number of years, but as I understand it, the buy out price is the buy out price - take it or leave it. I believe I remember AZ members saying they continued on with their leases month to month because of the delayed release of the TLX. For some reason I want to say you can extend up to a year, but not sure.
Others who have leased more recently will have better details.
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Old Oct 8, 2014 | 02:37 PM
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bagwell's Avatar
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Originally Posted by NBP04TL4ME
I haven't leased in a number of years, but as I understand it, the buy out price is the buy out price - take it or leave it.
that's what they'll tell you....until you say "no thanks, I'll just turn it in" then they'll start negotiating.
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Old Oct 9, 2014 | 07:46 AM
  #5  
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I had a 3 yr lease on a 4runner and loved the car.
Tried to get a better buyout price for 2-3 months and just failed.
Never said "Im just gonna turn it in" though so maybe that would have helped.
But i bought it anyways and drove it for 6 more years and was very happy as it was still the best deal around for a car i knew and took care of intimately.
Best case maybe i coulda got them to knock 1000 off buyout...so it was an extra 180 give or take a year. I lived with it

If you dont like the deal walk away.
Especially if another car at an attractive rate catches your eye
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Old Oct 9, 2014 | 08:04 AM
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Thanks guys!

I am planning to show no interest in keeping my car, but if they try to negotiate I will play along. I think I will have some leverage being it is a discontinued model and a stick. In greater Philadelphia area manuals are in such a low demand, that is just one ILX with 6 MT available from 3 dealers around me. Also, this the best car I can buy for 20K, so I might just keep it and pay it off.
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Old Oct 9, 2014 | 09:24 PM
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remember to research what similar cars are actually selling for when you turn it in...that way you can have a number in your head that if your buyout is higher than that to just pass.

LINK---->2012 Acura TSXs for Sale in Spring, TX 77382 - AutoTrader.com
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Old Oct 10, 2014 | 01:27 PM
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Originally Posted by bagwell
remember to research what similar cars are actually selling for when you turn it in...that way you can have a number in your head that if your buyout is higher than that to just pass.

LINK---->2012 Acura TSXs for Sale in Spring, TX 77382 - AutoTrader.com
Wow! my buyout is like 20500. That is lower than any of these cars, and my miles will be like 17k. I guess I won't have room to negotiate a lower price. Maybe I won't clean it up much for the inspection time lol.
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Old Oct 10, 2014 | 03:07 PM
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From: SE Mass --- > Central VA --- > SE Mass
Originally Posted by bagwell
that's what they'll tell you....until you say "no thanks, I'll just turn it in" then they'll start negotiating.
Unless its a a car the dealer would like to have on their lot. Now the fact that the TLX is out and the TSX is a discontinued model may play into that.
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Old Oct 20, 2014 | 04:44 PM
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I was in the same shoe. My 2012 TSX tech lease would not end until 2/2015 but I traded in for 2015 TLX base. Dealer sucked my 2 last payments and I got $1,000 off for loyalty being Acura owner. I reduced my monthly payment by $100 and couldn't be more happier with my new TLX.
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