Can anyone give an estimate of what a typical lease price is for the new TL? I'm in PA, looking to lease one with no money down, probably 36 months, 12k miles.

Thanx!

 

http://www.acura-tl.com/forum/showth...threadid=62883

Check this thread. Residuals there are for non-navi cars at 15k per year. If you are going nav at 12k then they are the same, if non-nav add 2%. MF includes security deposit rolled in.

I would recommend the 42 month lease, it is by far the best deal.

 

Our local dealer has an ad in today's paper for an 04 (no nav) at 48 months, 12,000 miles for $379/mo with $4,000 down. Figure that each $1,000 down translates to $20/mo difference. Don't know if they would negotiate the down or not. FWIW

 

In the great state of NY, due to our wonderful legislature of lawyers, we can't lease a TL (through ordinary means). So they have the stupid balloon loans. I just got a price for a 0 down of over $500 per month for a 36 month lease/loan. Add in 8.625% tax on the entire price of the car ($33,000) and you have $2,846.25 for sales tax = $80 / month. So you are up to almost $600 per month.
I'd sooner get a beemer or a Mercedes for that money.

But I'll probably get a Maxima loaded for less and Nissan still leases in NY.

 

chdr - if you pull out that $4k down payment, it would be approximately $460 per month lease with no down payment. Really not a bad lease price for this car, but a 48 month lease bothers me. Might as well buy it.

But, if you negotiate off of their numbers, it still has to be under $500 per month, with no money down, for a shorter term lease.

Right?

 

If you price out a BMW 3 series on their website (www.bmwusa.com) and get it to roughly the same sticker as a 04 TL (ie - a loaded 325, running about $35K), the lease price is about $530 with no money down.

You can debate which is the better car, but either way, a TL lease should be no more than that.

 

I recommended the 42 month lease because Honda financial purposefully structured their residuals and money factors to put people into the 42 month lease. If you look at the numbers you will easily see that a 36 month lease is terribly structured comparably to the 42 month lease, and the 45/48 month leases are far worse (6% residual drop on those).

Use whatever term you like for your lease, I just recommended the 42 because it is financially the best deal.

 

Well, the downside is that you have to pay the full amount of the tax because, technically, you own the car. On the upside, there are no security deposits, no bank fees, no first payments, none of those fees. It is possible to lease the TL in NY through an outside bank. For instance, a typical 39 month lease with 12,000 miles/year capping the price at list, Honda Financial 39/12 is 519/mo with only tax and DMV upfront (about $3100 total), while one outside bank is 521 per month with the bank fee, first payment, DMV fee and taxes upfront (about $2400 total). Going 42/12k would get you at a price of 490 through honda, or $506 through the outside bank (with the upfront fees being close to the 39 month term).

Ed

 

I've been hammering our 3 dealers. I'm seeing $3,8xx out of pocket (oop) and $450/month for a 42/15,000 lease. That includes Navi and Wheel locks, Mud Guards, and Trunk tray.

Here are the quotes I got from one of our dealers with no extra out of pocket money. (i.e. First Months, Aquisition, Doc Fee...)

36/15,000 = $547.21 - $1,232.71 DAS (Due At Signing)
42/15,000 = $493.86 - $1,179.76 DAS
48/15,000 = $488.00 - $1,173.00 DAS

As you can see the difference between the 42 and 48 is preposterous.

All of these numbers were also based on "loyalty" which is given to people who have bought or leased from Honda Finanace before,
It usually means no Security Deposit and a better lease rate, or finance rate, precentage wise.

 

I pay $520/month (incl. tax) for 42 mos, 15k miles, with $1500k due at signing.

I have a 5AT/navi model.

-josh

 

I am paying $498 + tax for a payment of $520 on a '04 TL with Navi with $568 due at signing. 42 months, 15K miles, dealer throwing in trunk tray and all season matts.

Residual makes most sense at 42 months.

Be careful with the money factor - I caught local dealer trying to mark up the money factor from .0019 to .0024

 

Rock - seems just a bit high, maybe $5 or $6 high but not unreasonable. That is assuming no tax is in the payment and that you are paying retail for the car. Break out the numbers for me and I can sanity check them if you'd like.

 

This was the first discussion, over the phone, with the dealer I got my CL_S from.

The numbers are based on MSRP, and everything, including 6% MI sales tax is in there.

 

Hmm with 6% tax in there seems like a pretty good deal. Looks like they are discounting the car some for you based on those numbers.

Just quick checking the numbers I would say they are dropping the MSRP by about $500.00 to make those numbers work assuming no trade in credit, etc.

 

So what lease rate where you offered? Do you think the "loyalty" rate is really a special rate?

 

What money factor did you end up getting?

What is the very best possible money factor?

 

.0019 is the best possible MF on a 42 lease that I have been told. It is .0020 if you role the security deposit into it. If you have the loyalty factor they may drop the security deposit all-together.

You do have to watch dealerships, some will upsell the MF or interest rate so they can make additional money on the back-end of the deal.

 

I ended up getting .0019 but only cause I shopped it out of state and my local dealer matched the rate. REALLY made me mad though - it would have been an extra $1500 in their pocket!

 

Is it better to pay the security deposit up front or roll it?

 

Depends on your perspective I would say. I don't honestly know what the security deposit is in a dollar number but it translates to like $5.50 per month in payment difference on a 42 month TL navi lease.

 

I was told if it's your 2nd lease they will waive the security deposit.

 

Yes, that's tre, but you must be getting out of your current lease in order to qualify for that.

On a side note, If you have the money, pay the security upfront, otherwise you'd be pretty much paying it in the payments. If you request a security waiver, they add .00010 to the MF, which would equate to about $5 a month, so figure that multiplied by the term of your lease, you're paying some of the security in the payment which you won't get back. And if you're worried about damages on your car and them taking you security to cover damages, Honda Finance does have a $1,500 damage waiver in which they will cover that much worth of damages on the car when it's returned after the lease. Not sure if that's everywhere, but it is in my area at least..
Ed

 

How much is the security deposit if you pay up front? If you roll it into the lease does that mean you don't get it back?

 

The security deposit is your payments rounded to the next $25 increment..so if payment is $560, security would be $575, and so on...
Ed

 

Just got back from the local dealership today, and was quoted $2000 out of pocket, 42 months, 12K miles/year, $429 (6% NJ tax included). From my calculations, these numbers are based upon MSRP price. I'm not in a real rush to replace my 540i, so once the initial enthusiam abates, we would naturally be able to obtain better lease and purchase deals. Keep in mind that the TL line for Acura is very much like the Accord line for Honda which is their high volume seller, so discounts are inevitable due to overstock. I would wager to say that in a few months and with the same terms, it would be very likely to lease the TL for under $400/mo. Additionally, my dealer has disclosed that as of Friday evening, there are 87 TL's in-stock and in-transit that are not spoken for.

 

lets say you lease the car and then 1 month later you take a loan out to purchase Another car. will the bank making the loan see that you are leasing a car from looking at your credit report? if they can how would it be stated on your credit report? its not a loan so what value is it stated that you owe?

 

my dealer told me the lease price on the 6mt without navi is 457 per month with just the tax down

 

Which dealer? Your bio says NYC, and you generally can't lease from Acura in NY.

 

Manhattan Acura- I said all tax down, because it is baloon on the residual of $19,585 at the end of the 42 months {$457.00/month}- its not a lease i think they call it a purchase plan option.