What's up? I am looking at leasing a 04 TL w/o navigation, and here are the numbers I got from the local Acura Dealer today:

MSRP: $33195
Sale Price: $30524
Money Factor: .00205
Residual: 50%

48 months
15k miles/year
$1100 (Security Deposit, Acquisition fee, etc.) down
$399/month+tax

Is this a good deal? It seems to be fair. They are selling the car at invoice, but the 50% residual sort of surprised me. It seemed low. Thanks.

 

That seems like a good deal to me, I was quoted $515 48Mo/12K miles with $2,000 due at signing, but it had navi.

 

That price looks pretty good to me.

 

That residual is actually higher than what Honda Finance is currently using on 48mo/15k leases. For those, Honda is using 48%. Who is financing your lease? Make sure gap insurance is included. If it is, you're getting a good deal all around - good cap cost, decent MF, good residual. The acquisition fee and security deposit combo is a bit high (prolly $600 + $500) but overall it's still a good deal.

 

Also check into the amount of excessive wear allowance that you are getting. Chase and Honda have a $1,500 allowance now.

 

Hey New Car, we got a quote for a TL w/Navi at 515 + tax with 2500 down too. WHere in NJ did you go to cause I went to Brunswick Acura (ryan's open road acura)?

 

Montclair Acura

 

I just got my TL (Blue Pearl, Camel, Auto, NO Nav) at Ramsey Acura. I only paid a $595 BF, $268 MV, and 1st payment of $396.86 at closing.

The deal is 48 month, 15K miles, 50% Residual, and .00205 MF

Practically exactly what your looking at in Montclair.

 

One more thing....the Gross Cap Cost of the vehicle they were using was $29,985., not $30,524.

Tell them to match it! (and don't pay a security deposit!)