hey guys i am new to the tl forum and am looking forward to making alot of post.

this is the deal i got at my local dealer.....


We just recieved word from our General Manager Alex Tissot to reduce our current pricing on the NEW 2006 ACURA TL's.
Prices will be as follows.

2006 Acura TL non navigation $30,190.00 including destination and mudguards.

2006 Acura TL NAVIGATION $31,900.00 including destination and mud guards.

im interested in the navi.i been doin some searchin around and i am pretty sure that this is about low as i can go.i am tryin to lease the car for 2 years this is the quote he gave me.....

With $2,000.00 total due at lease signing, your monthly payment is $596.00 plus tax, 12,000 miles per year for 24 months. On approved credit score of $745+. Please let me know how you would like to proceed.

i think that might me a lttle high since i am puting $2000 down and it would make the car around $30k + tax title etc. what do you guy think.

 

I hope you don't drive much......

 

Its probably going to be hard to tuck in under the 12k mileage cap. If that is a price to buy I'd jump on it.

 

31900 ?? isn't that under dealer's invoice ???

 

that seems high for a lease based on a selling price of 31,900. I leased mine last month. Agreed upon price of 33,300 (500 over invoice). $2000 at signing, 27 months at 10,000 miles per year (thats more than enough for me, I average about 8K miles per year). My payments are $480 a month including tax. I know some of your factors are different (# of months and miles per year) but your selling price is $1400 lower.

This was my first lease so I am far from an expert but with a selling price that low something doesn't seem right.

FYI invoice on the nav is $32,820 incl dest. The dealer holdback is $1060. This leaves a bottom line price of $31,760. If the price they are giving you is legit than it is a great price but please check everything carefully before you sign. This lease calculator was the best I found if you want to check it out
http://www.leaseguide.com/calc.htm

Good luck

 

what does the purchase price have to do with a lease?

From those figures you'd be better off buying it, and selling it in 2 yrs

 

what was the factors ? res,mon fac,ect. that is a low monthly payment for 27months i wish i was in nj like you but im in los angeles

 

Please read this to get an understanding of how leasing works http://www.leaseguide.com/lease07.htm.

You are basically paying for the value of the car you are using which is the selling price (negotiable) minus residual price (fixed price based on mileage and months leased.

example: car with msrp of 35,000 and risidual of 25,000 means you pay 10,000 for the lease. If you negotiate the selling price to 30,000 and residual is still the same you are only paying 5,000 for the car. Big difference.

 

I did not use AHFC as Hann financial was offering the 27 month lease for the same payments as a 42 month lease. I don't have my contract handy but the residual was 24,xxx (don't remember exactly) I think the mf was .0026, again not exactly sure.

 

well im still doing research so in the mean time if any one wants the dealer i spoke to let me know and if we have a few people interested we may get a better deal than $31,900.00 with navi

 

here is another quote i got

24mo

12k

66% res

1000down

.00390 almost


$630 inc tax

 

I can tel you one thing ... that money factor is way high. That equals 9.36% APR. You should be able to get a lot more car for $630 a month!

 

Are you trading in a vehicle????

The $596 sounds more like a purchase quote.....definately not a lease price!!!!!

Just do a search for a payment calculator and enter in the details...if you wanted to PURCHASE that car, considering $32000 with $2000 down and a 745 credit rating (which should get you around a 4.5% loan) ===> your payment would be around $560 plus tax!!! (that would be for a 5 year loan)

Definately look into the deal....something smells fishy!!

Matt

 

whats the story with the purchase price here of 31.900 w/nav? Can you give us any more info on where that is coming from? We are starting our search for a 2nd tl.

 

my deal $32,400 with $1,800 at signing. 15k miles $460 a month