Check out the email exchange from my salesman, below. If I traded in my 2012 TSX with 13k miles, this is what I would get for a lease rate on a new TSX 6-speed.

Quote:

Hi Spdandpwr,

 

try different dealer.

 

Is that not absurdly high? My lease on a non-negative equity base tsx came to 425 with 1k of negative equity, and here we have 4400 and the car somehow balloons to over 560?

 

yea, gonna speak to another dealer about hopping into a 6speed ILX, there are really inviting lease rates going on with that car right now.

 

can i ask, are you thinking about changing cars cuz you want to lower your monthly payments? is that the only reason? or do you not like the tsx? just wondering...

 

I don't like the auto tsx. I'm willing to pay more to move out of the tsx auto and into a manual...since I got quoted $460 for an ILX (after burying $4400 in negative equity), I'm going to move into that versus going into an Si or a manual tsx.

 

This doesn't sound abnormal, and mostly due to as stated how early you are into your current lease and the payoff vs. current value of the TSX. When it's so soon after start, it's not abnormal for there to be this difference, and on a lease that's naturally a shorter term than financing, any negative equity shows up plain as day.

Not to say there aren't a few dollars here or there, but the negative equity of being so soon into your lease is the main issue here not pricing of new car. Acura resale is fantastic, but tough when you have that many miles on a current model year vehicle and someone can walk in and get the same car but brand new for not much more, plus special financing and leasing, they can't get on what would be your CPO model.

 

^I never disagreed, I just think that given the current lease incentives for the ilx, it makes more sense for me to hop on down to that versus trying to get a 6-speed tsx (which costs nearly the same msrp) for $100 more a month.

 

Good luck on your search!

 

well i found a bunch of manual ilx's...couldn't find new a manual tsx within 100 miles of me.

 

new car new love, plus you can get the 2.4, light weight and peppy little engine should make it quick. I want a new navi badly in my tech :/

 

yea, the fact that it's 400lbs lighter than the tsx makes me happy. A lot of Si parts crossover too...the motor mounts for example are a direct swap, I will be placing delivery on those once / if I get the ILX...credit is the only thing that might bite me in the ass as I'm going in with 4.4k in negative equity

 

You'll love the 6MT. Test drove one last weekend. A very sweet ride. The 2.4L with the six speed in this car is quick. The power is strong and smooth all the way to the red line.

 

How was the clutch on the MT? Is the engagement point too high? can you shift smoothly with it?

 

before you take the plunge-go look at the ilx and test drive it. Too bad you did not get the MT tsx but that is in the past. IMO I would keep the tsx and make the next car be MT

 

yea, I'm gonna test drive the car first...of course, not sure if I will be able to source a manual.

 

Clutch was light, good feel, seemed just right. Shifter buttery smooth. Easy to work the gears, even that hard to do 1-2 shift. I was most impressed with the torque. Also, the engine sound is most excellent, starts with a growl and then really sings near the red-line. The lighter weight makes you want to toss it around. My son bought one, so Ill be begging him for more time behind the wheel.

 

Not trying to be a a$$ here, but you did not give anyone enough information to determine if that payment was reasonable. What is the dealer payoff on your car right this moment? Did you ask the dealer what the MF/Rate is being used to calculate the lease payment? What is the dealers out the door price on the new car?

You have to think the dealer is absorbing $4400 in negative equity -- they have to payoff the current car before selling it, so that money has to be put into the new lease, and since it's negative equity it changes the cars depreciation value which causes the lease payment to increase.

You also need to consider gap insurance if you do this, since I doubt any leasing company will take that much negative equity any allow you not to have gap protection on it.

Again, just trying to point out a good educated decision can't really be made here.

 

One of the dealers near me has six TSX manual models in stock.