Lease ends this year - keep '09 or walk away?
#42
My base rent for the '09 tech is $400/month, which after taxes is about $450. The current BMW offer is $509/month before taxes, albeit with a $3300 down payment. I suppose that the word "slightly" is subjective, but I think upgrading to a 335is for $3300 and an extra $100 a month is probably a good value. Again, it's up to the reader to decide whether $3300 is a "bundle".
I'm picking up a 2011 6 speed TSX with tech on Friday and my '09 goes back. Considered getting a BMW 3 series, but the fact is I'm getting a TSX tech for less than my '09 base. I couldn't pass up the deal. I just couldn't get past the fact that a comparably equipped 328 was gonna cost $10k more. The 328 is better than the TSX - but not $10k better.
#43
I'm picking up a 2011 6 speed TSX with tech on Friday and my '09 goes back. Considered getting a BMW 3 series, but the fact is I'm getting a TSX tech for less than my '09 base. I couldn't pass up the deal. I just couldn't get past the fact that a comparably equipped 328 was gonna cost $10k more. The 328 is better than the TSX - but not $10k better.
I'm also considering a G25x which I started another thread for. The leasing price points are very similar, performance is similar, plus it has AWD with 100% rear in normal conditions. If you want to complain about the Infiniti, visit that thread!
#44
Drifting
my 09' was a lease @ $29k (doesnt include TTL) - $468month (includes taxes) - $800 down
my 11' is a lease @ $26k (doesnt include TTL) - $400 month (includes taxes)- $4000 down
my 11' is a lease @ $26k (doesnt include TTL) - $400 month (includes taxes)- $4000 down
Last edited by defconskylude; 04-13-2011 at 12:15 PM.
#46
#47
well, he was planning to keep the lease, he mentioned in the other thread
#48
It doesn't matter whether you put down 4k or 0 on a lease. More money down lowers monthly payments, but you end up spending the same amount in the end. The only risk in putting money down up front is the chance something will happen to the car in the first year or so. Otherwise, any interest or savings value by hanging on to that cash is negligible.
I personally like to go middle ground as to not put too too much up front, but still try to lower the monthly payments. It really just comes down to personal preference...
I personally like to go middle ground as to not put too too much up front, but still try to lower the monthly payments. It really just comes down to personal preference...
#49
Drifting
#50
Drifting
It doesn't matter whether you put down 4k or 0 on a lease. More money down lowers monthly payments, but you end up spending the same amount in the end. The only risk in putting money down up front is the chance something will happen to the car in the first year or so. Otherwise, any interest or savings value by hanging on to that cash is negligible.
I personally like to go middle ground as to not put too too much up front, but still try to lower the monthly payments. It really just comes down to personal preference...
I personally like to go middle ground as to not put too too much up front, but still try to lower the monthly payments. It really just comes down to personal preference...
#51
What kind of deal did you get a 2011 tech? I was quoted $296/mo for base and $360/mo for tech, both at 12k with 3k down. I suppose that would be about $80/mo more expensive with zero down.
I'm also considering a G25x which I started another thread for. The leasing price points are very similar, performance is similar, plus it has AWD with 100% rear in normal conditions. If you want to complain about the Infiniti, visit that thread!
I'm also considering a G25x which I started another thread for. The leasing price points are very similar, performance is similar, plus it has AWD with 100% rear in normal conditions. If you want to complain about the Infiniti, visit that thread!
I considered the G25 briefly, but for me no manual tranny + no nav = no sale.
#52
Gap insurance doesn't cover money that you put down on a lease. If you total the car a few months in after the car has depreciated, that up front money is lost. All GAP insurance does is cover whatever you need to satisfy your lease in full if regular insurance doesn't cover it all. You don't get back what you paid for the car when new, so that's why any capital cost reduction paid up front is lost.
#53
![Roll Eyes](https://acurazine.com/forums/images/smilies/rolleyes.gif)
#54
Drifting
Gap insurance doesn't cover money that you put down on a lease. If you total the car a few months in after the car has depreciated, that up front money is lost. All GAP insurance does is cover whatever you need to satisfy your lease in full if regular insurance doesn't cover it all. You don't get back what you paid for the car when new, so that's why any capital cost reduction paid up front is lost.
#55
#56
Three Wheelin'
Thread Starter
The only other thing I can think of is that the market value of a used 2009 TSX is $5k higher than your residual plus remaining lease payments, and it's as if you bought out your car per your lease contract and then sold it on the open market. $5k seems a little high, though. Shoot, if I knew I could make $5k, I'd buy out my '09 now and sell it, too.
#57
Three Wheelin'
Thread Starter
Apples to oranges comparison. You have to compare similar deals, i.e. no money down. My deal is $373 a month for 36 months (inclusive of taxes) for a TSX tech with $0 down. The current BMW lease offers are for 27 months if memory serves. So with $0 down instead of $3300, that monthly payment goes from $509 to $631. Even at your current $450 payment, still think that's close to the TSX price?
![Tomato](https://acurazine.com/forums/images/smilies/tomato.gif)
From a relative, value-based perspective, I would still say that it's not that far off. I would be paying 40% more, but I would feel like I'm getting more than 40% in pleasure and driving experience. But, as you said, this is apples to oranges, I don't think anyone can reasonably compare a TSX and a 335is.
I'm picking up a 2011 6 speed TSX with tech on Friday and my '09 goes back. Considered getting a BMW 3 series, but the fact is I'm getting a TSX tech for less than my '09 base. I couldn't pass up the deal. I just couldn't get past the fact that a comparably equipped 328 was gonna cost $10k more. The 328 is better than the TSX - but not $10k better.
#58
Can't even compare a TSX to the price of a BMW, let alone an Audi. They're all astronomical no matter how you cut it. Even the G25x is comparable in price to the TSX ($20 more per month on a lease.) Audi and BMW perform better, that's about it.
#59
Three Wheelin'
Thread Starter
Spent some time inside a 2011 Honda Fit Sport today... for such a small car it felt really spacious. I think there's more room in the backseat of the Fit than the TSX. It also felt somewhat familiar: the steering wheel was a similar 3-spoke design, and there were also some elements that were shared with the TSX, such as the paddle shifters, door lock buttons and roof handles. It also has the USB input which is something I like.
In terms of power it's obviously no TSX but it wasn't bad at all. I do mostly city driving and for that purpose the Fit definitely fits the bill (sorry, couldn't help myself).
I was also surprised to see a model that had leather seats. Not sure if that's a real Honda accessory or not. It seemed a little cheap, actually.
It would be nice to get into a Fit and save a bundle. If I did, I'd probably finance it for the long term. I'm dreaming here, but it would be even nicer if there was an Acura version of the Fit, with a slightly nicer interior. To be honest though, if I did get into a Fit the interior would not feel much different from the TSX, other than the leather. There are just so many familiar parts in there.
Overall, a positive experience, and I'm adding the Fit to my short list.
In terms of power it's obviously no TSX but it wasn't bad at all. I do mostly city driving and for that purpose the Fit definitely fits the bill (sorry, couldn't help myself).
I was also surprised to see a model that had leather seats. Not sure if that's a real Honda accessory or not. It seemed a little cheap, actually.
It would be nice to get into a Fit and save a bundle. If I did, I'd probably finance it for the long term. I'm dreaming here, but it would be even nicer if there was an Acura version of the Fit, with a slightly nicer interior. To be honest though, if I did get into a Fit the interior would not feel much different from the TSX, other than the leather. There are just so many familiar parts in there.
Overall, a positive experience, and I'm adding the Fit to my short list.
#60
Spent some time inside a 2011 Honda Fit Sport today... for such a small car it felt really spacious. I think there's more room in the backseat of the Fit than the TSX. It also felt somewhat familiar: the steering wheel was a similar 3-spoke design, and there were also some elements that were shared with the TSX, such as the paddle shifters, door lock buttons and roof handles. It also has the USB input which is something I like.
In terms of power it's obviously no TSX but it wasn't bad at all. I do mostly city driving and for that purpose the Fit definitely fits the bill (sorry, couldn't help myself).
I was also surprised to see a model that had leather seats. Not sure if that's a real Honda accessory or not. It seemed a little cheap, actually.
It would be nice to get into a Fit and save a bundle. If I did, I'd probably finance it for the long term. I'm dreaming here, but it would be even nicer if there was an Acura version of the Fit, with a slightly nicer interior. To be honest though, if I did get into a Fit the interior would not feel much different from the TSX, other than the leather. There are just so many familiar parts in there.
Overall, a positive experience, and I'm adding the Fit to my short list.
In terms of power it's obviously no TSX but it wasn't bad at all. I do mostly city driving and for that purpose the Fit definitely fits the bill (sorry, couldn't help myself).
I was also surprised to see a model that had leather seats. Not sure if that's a real Honda accessory or not. It seemed a little cheap, actually.
It would be nice to get into a Fit and save a bundle. If I did, I'd probably finance it for the long term. I'm dreaming here, but it would be even nicer if there was an Acura version of the Fit, with a slightly nicer interior. To be honest though, if I did get into a Fit the interior would not feel much different from the TSX, other than the leather. There are just so many familiar parts in there.
Overall, a positive experience, and I'm adding the Fit to my short list.
![Thumbs Up](https://acurazine.com/forums/images/smilies/thumbsup.gif)
#61
i sat in a cr-z at the recent auto show, and i thought they did a great job with the interior to be honest. this guy speaks the truth!
the new civics? mega disappointment.
the new civics? mega disappointment.
#65
mhmm i agree, crz interior is nice
#66
Three Wheelin'
Thread Starter
Thanks for the suggestions, guys, but I'm not really interested in a CR-Z. It looks nice in and out but it's probably too small for me.
Part of the appeal of the Fit is that the ride seems higher, and it feels like I'm driving a bus. I know, I'm weird, teetering between a TSX, a 335is and a Fit!![Tomato](https://acurazine.com/forums/images/smilies/tomato.gif)
Oh, here's the 2011 Fit interior (the one above was an older one, I think):
Part of the appeal of the Fit is that the ride seems higher, and it feels like I'm driving a bus. I know, I'm weird, teetering between a TSX, a 335is and a Fit!
![Tomato](https://acurazine.com/forums/images/smilies/tomato.gif)
Oh, here's the 2011 Fit interior (the one above was an older one, I think):
![](http://automobiles.honda.com/images/2011/fit/interior/interior-header.jpg)
#67
M3!
#68
Developer & Car Fan
I'd either keep the TSX, you know and love the car. Or go for a smaller car and save some money for the long term. I think I remember you mentioning you had a fiance or wife (sorry if im mistaken) and i'm sure you'll want a house soon. Of course none of us can tell you what to do, but based on the overall costs with a BMW, Audi or another Acura i'd save the money for now. ![Smile](https://acurazine.com/forums/images/smilies/smile.gif)
PS: The Fit looks pretty cool. The CR-Z not so much.
Matt
![Smile](https://acurazine.com/forums/images/smilies/smile.gif)
PS: The Fit looks pretty cool. The CR-Z not so much.
Matt
#69
The TSX trumps both Hondas if you ask me. As for advice, coming from a guy who's getting married this fall... I'd say stick with a four door vehicle...
#72
Three Wheelin'
Thread Starter
I'd either keep the TSX, you know and love the car. Or go for a smaller car and save some money for the long term. I think I remember you mentioning you had a fiance or wife (sorry if im mistaken) and i'm sure you'll want a house soon. Of course none of us can tell you what to do, but based on the overall costs with a BMW, Audi or another Acura i'd save the money for now. ![Smile](https://acurazine.com/forums/images/smilies/smile.gif)
PS: The Fit looks pretty cool. The CR-Z not so much.
Matt
![Smile](https://acurazine.com/forums/images/smilies/smile.gif)
PS: The Fit looks pretty cool. The CR-Z not so much.
Matt
![Tongue](https://acurazine.com/forums/images/smilies/tongue.gif)
Oh, and congratulations on getting married! Coming from a married guy, you're gonna love it. :wink:
Subarus are nice, and they lease well. Do they still make the WRX? I used to want one of those.
![Tomato](https://acurazine.com/forums/images/smilies/tomato.gif)
#74
#75
Developer & Car Fan
I think based on the rate at which Japan is rebuilding there will be minimal S/D issues. If not any. Its actually quite amazing how fast it is all coming together.
Any dealers telling you otherwise are trying to of course capitalize on the situation.. as has been covered on this forum a few times.
Matt
Any dealers telling you otherwise are trying to of course capitalize on the situation.. as has been covered on this forum a few times.
Matt
#76
^ my dealer told me they lost an entire shipment. And that's just one dealer in one city...
I know that the situation is getting better, but one needs to understand that supply chain disruptions have a domino/rippling effect.
I know that the situation is getting better, but one needs to understand that supply chain disruptions have a domino/rippling effect.
#77
My philosophy is to get rid of it unless they make you a very attractive offer to buy it. I suspect you can sell the car for more than they want to buy it, or better yet get a decnt trade on it toward a 2011. I always feel that buying out a lease is more expensive than buying it up front becasue you usually wind up paying more in the end.
I'm certainly no expert, and am new to this whole game, but my boss (rich guy) always leases, and then sells the car at the end of the lease.
From what he explained, you normally can sell the car for a much better value than what the dealer is saying it is worth, so if you sell the car and give the dealer the payoff, there is usually a couple thousand profit.
I might be misunderstanding or missing something though.
#78
Drifting
I'm certainly no expert, and am new to this whole game, but my boss (rich guy) always leases, and then sells the car at the end of the lease.
From what he explained, you normally can sell the car for a much better value than what the dealer is saying it is worth, so if you sell the car and give the dealer the payoff, there is usually a couple thousand profit.
I might be misunderstanding or missing something though.
From what he explained, you normally can sell the car for a much better value than what the dealer is saying it is worth, so if you sell the car and give the dealer the payoff, there is usually a couple thousand profit.
I might be misunderstanding or missing something though.
#79
I'm certainly no expert, and am new to this whole game, but my boss (rich guy) always leases, and then sells the car at the end of the lease.
From what he explained, you normally can sell the car for a much better value than what the dealer is saying it is worth, so if you sell the car and give the dealer the payoff, there is usually a couple thousand profit.
I might be misunderstanding or missing something though.
From what he explained, you normally can sell the car for a much better value than what the dealer is saying it is worth, so if you sell the car and give the dealer the payoff, there is usually a couple thousand profit.
I might be misunderstanding or missing something though.
I officially own (well not really, until it's paid off) my '09 TSX now!
![Thumbs Up](https://acurazine.com/forums/images/smilies/thumbsup.gif)
Bank holds the title until the car is paid off; that's how the game goes...
#80
Three Wheelin'
Thread Starter
I'm certainly no expert, and am new to this whole game, but my boss (rich guy) always leases, and then sells the car at the end of the lease.
From what he explained, you normally can sell the car for a much better value than what the dealer is saying it is worth, so if you sell the car and give the dealer the payoff, there is usually a couple thousand profit.
I might be misunderstanding or missing something though.
From what he explained, you normally can sell the car for a much better value than what the dealer is saying it is worth, so if you sell the car and give the dealer the payoff, there is usually a couple thousand profit.
I might be misunderstanding or missing something though.
On the other hand, there is no guarantee that you'd be able to sell your car for higher than the residual. Perhaps if you got someone to agree to buy the car, then you can in turn buy the car from the lease company, and then sell it to that individual. It's possible for that person to renege after you buy the car, and if that were the case, you'd be SOL and/or have to try and sell it to someone else.
I'm not a big fan of bargaining and selling and all of that stuff, so I'd rather avoid the hassle and just turn the car back in.
I believe Nite Flyte's boss buys the car first, and then sells it, as I explained above.