Absolutely $0 down payment. Basic 2004 5AT model w/o Navi or accessories. $420/mo (for 39-42 months) 12k a year. (Assuming the arrival of 2005 models give dealers incentives to lower prices)
When I was looking at 2002 Type S three years ago, this was the quote I was getting; I went with a pre-owened GS400 instead

 

My guess would be no. With absolutely no money down (not even first month's payment, security deposit, acquisition fee, TTL, etc., some of which are plain impossible to put into monthly payments, such as the security deposit), you would be looking at about 450-480, I think?

Just a quick guess.

 

It seems low to me also. Perhaps they are not including tax, title, and tags (TTL) which would bump the payment up at least $20 per month depending on where you live. They also might try to tack on a "dealer prep" charge that will do the same thing. I put 2k down on mine back in March and the best I could do was $439 for 51 months - same vehicle.

 

I would agree also, my lease term (nothing set in stone yet) was for about $300 a month but with a 10k down payment for 3 years or so.

 

Be careful. In a lease, "$0 down" does not mean the same thing as "$0 due at signing." The former simply means that you don't need a down payment. It says nothing about the first month's lease payment, security deposit, tax/license, etc., which are all usually due at signing. A lease almost never requires a down payment, because the very concept of a lease moves the "down payment" to the end, and calls it a "residual." Whenever you're buying something, you have to be careful about marketing-speak, ESPECIALLY when dealing with a lease. These marketing people get paid very well to come up with ways of saying things that make you THINK they're saying one thing, while they're REALLY saying the exact opposite. They can't lie, but they can mislead.

$420/mo for 39 or 42 months doesn't sound unreasonable, depending on what the residual is. Remember, Acuras don't lose their value extremely fast, so that payment would leave somewhere around a $16,000 residual (including interest), assuming that the non-navi goes for around $30,000 to $31,000 (they said that this assumes incentives... you can get a non-navi right now for $32,000 fairly easily), which isn't too far out of whack.

Bottom line: It sounds doable, but the devil is in the details.

 

Do not put down $10K on a lease. If the car gets stolen or totaled most of that money will be lost.

 

it may be possible diesel, but they may throw you for a loop when you go to sign everything. Make sure your destination fees are included in that number. I am not too far away in North Jersey, i just signed on my TL last night. 5at no navi. here is what i got...
$411 a month - 48 months.
$1500 down - this included everything --> my first $411 payment, dmv fees, tags, taxes, and all that other good stuff.
Acura is also giving me a check for $750 when i pick my car up for Mitsubishi (this is covering my last 2 payments on that lease, and some of my mileage overage.)

 

ok here it is. Sounds alot from what they offered me. Now, this 420 a month its whats posted on the paper, now when do do your actual calculations on their financing computers, it will show the correct amount. then you get to choose a care package if you please. if not you dont have to. then come plus tax. meaning i was offered 489.99 no DOWN NO NOTHING> not even first month. i was even given the first month meaning as i walked out dealer instead of 48 monhts on my contract it said 47months. but 489 plus tax. (i didnt get the care packages, its a lease dammit let them take care of it) it added to about 540. same 12k a year. which is a commute of about 37 miles a day. so calculate your driving., and not like me. i calculated with my driving. but then now and then my dad uses it my brother, and girl.. so it adds up and in the long run you will have to start driving when you go out with their cars to start saving up miles, Now unless you are planning on buying it at the end. which in my contract it states that i can buy it for 16.500.00 at the end of the 48,000 48 month lease.

hope this helps.. just letting you know that its not always what they tell you by word of mouth.. wait till its all calculated with your credit. and taxes and all.

good luck. and more power to you if this ISSS with all those calculations.

 

My co-worker's 48 months lease: $0 down, $448.44 per month, 12k per year, 5AT, non-Navi.

 

I did a 42 month lease with 3000 down at 415 a month at 15000 miles a year for a Navi/5AT

 

what dealership did you go to???

 

That's insane.

 

I went to Park Avenue Acura in NJ.

 

i had to pay $500 security, some other fees and a few taxes plus registration at signing. No money down, but $1700 due at pickup, for first month and those other fees.

I did get Navi. Also i pay 5% sales tax too. In NY won't you be paying at least 8%?

If you do only pay $420/mo. you're saving about $70 permonth over a navigation model.
If instead you end up paying $453.6 (that's about what tax will add), then you're only saving about $37/mo.

A navigation model costs about $3k more than a non navi. But since that 3k is included in the residual ~50%, it's really only going to cost someone leasing the vehicle about $1.5k.
1.5k (+5% sales tax in my case) averaged out over 42 monthly payments is . . . drum roll pleas..... $37.5/mo. 8%tax would make it 38.5/mo.

So I would guess that you're going to end up paying about $453 to $454 per month for your lease. Based on what I'm paying for my lease. Perhaps I was wrong in assuming 8% for NY sales tax on cars. Either way, tax or no tax, you're getting a fairly standard lease price for the car. Don't be dismayed, it's a great price for an incredible car.

also don't forget that I had to pay $1700 up front too... around $700 of it for fees and what not. So if it makes you feel better, (if we factor out the navigation and taxes) you could be saving about $700 more than I did. Which is like getting 6 weeks of free car, i suppose. That math isn't perfect but it is within reason. I guess that I should have done everything with 5% sales tax or no sales, in which case you'd be saving about $12/mo after factoring in the navigation. That would mean you save another $500 more than the deal I got.

 

I put 5k down for 42months and im paying almost $400 a month

 

I'm paying $400/mo with $2,000 down with 18k/year for 5 years. This is a ballon payment program through our credit union which works much better than any lease. I've purchased 5 cars('00 Accord-V6 Coupe, '02 RSX, '02 WRX, '04 STi, '04 Forester) in the past 5 years between my wife and myself and we have always sold or traded in the vehicles withen 1-2 years and with a few of the cars we had money in our pocket after the pay off to the credit union was made off the sale/trade.

 

Bought my Non-Navi Automatic TL in July.

Here was my deal:

MSRP = $33,195
ADJ CAP Cost = $30,283
Residual = 51% or $16,929
Money Factor = .0022 or an APR of 5.28%
Term = 48 Months
NJ Sales Tax - 6%
= $405 per month

I’m doing a 48 month lease, 12K annual, no money down except inception fees ($1,268). I’m paying $405 per month. I couldn't believe it since the selling price… $30,283.00 is $17.00 UNDER invoice.

Go see Park Ave Acura in NJ.

Just a note. At that time the navi automatic was $469 per month.

Mark

 

I am trading in my silver RSX-S which is paid off. I really didn't want another car payment but I don't have much of a choice. I rarely keep cars for more than 2 or 3 years tops. I dont really want to pay more than $350 a month so.. I would have to put enough down to cover that. I am getting 17k for my RSX.

 

Thanks for your imput everybody. The quote I posted above is not an AD that I saw, it is simply what I'd like to pay. I know it seems far-fetched, but I'm relying on the assumption that dealers will want to get rid of their inventory before the 05 models arrive. I'm actually leaving my house right now to get a quote.
(BTW, I'm from New York and aware of the 8.625% taxes)

 

I got quotes for:

non-NAV
$460 x 42mos. 18K mi/yr

NAV
$499 x 42 mos. 18K mi/yr

Neither required a cap cost reduction (inception fees only, acq fee, tax, tags, etc.). I'm sure $420 is possible for 12K mi/yr. But then again, the salesman is a buddy of mine and he's capping the car at $300 over invoice in either case. Forgot to mention, both quotes include tax.

 

It's possible, but I assure you there is some catch, such as the figure not including your sales tax. I got a 48 month lease with approximately $800 due at signing (first month + title & license fees) for 15,000 miles per year at $456 per month (tax included) for a non-navi here in California. This was an amazing lease from what I can tell. Since the lease you're talking about is only for 12,000 per month, it's possible that it's that cheap, but I doubt it.

 

hey can you explain a lil bit more on how this balloon things work. my girl/friend is looking into getting a new car. so we are trying to find out the best way to do this.

 

1) In Leasing, "Down Payment" usually means "Cap Cost Reduction" - money applied to the total cost of the car.

2) "$0 Down Payment" may NOT mean "$0 Drive-Off". The drive-off usually includes your first month's payment, acquisition fee, licence, etc. If you really want to pay nothing to drive away in your new car, you want 0$ DRIVE OFF where everything is rolled into the lease.

3) Putting ANYTHING down on a lease is foolish if you have any outstanding debts, such as credit cards, etc. You are only paying 6% or so on the lease payment, so put the money towards your 12-18% credit cards - you will save a lot of money in the end.

4) Be SURE that the monthly payment quote includes the tax and license - these are usually NOT included in the quote to make it seem smaller.

Good Luck!

 

You can read up on the program(Payment Advantage) here:
http://www.google.com/search?hl=en&i...ment+advantage

It usually works best if you sell/trade the vehicle so you don't have to turn the vehicle back in as you'll find that even the trade-in value is greater than the balloon payment at the end of the term.

The program is offered at many credit unions. If you're already a member of a local credit union ask them if they offer the program. If you're not an member or your CU doesn't offer it I would check with your local university credit union as you can usually join the alumni(usually $20/yr and anyone can join.) which makes you eligible for the credit union.

 

I paid tax up front (~$2600) for Non-Nav in February and pay $380/mo 42/mo balloon lease.

 

Rallye, one of the more reputable dealers on LI had an ad in Friday's Newsday for 04TLs, I can't remember 42 or 48 mos, 10K mi/yr, 0 security, 0 down for $399/mo. Up to you what you what you want to do with taxes.

 

If you're only driving 10k/year you might as well get yourself skateboard. That's really absurd in North America unless you're retired or live Hawaii.

 

Wait a second, I'm retired and have 26,000 miles on my 18 month 2003 TL-S. I just keep getting in my car and drive everywhere. I have no problems with my car and can't wait until this lease is up so that I could get the new RL in late 2005.

 

Don't buy from Ralley. They are really scumbags. Go to Island Acura. I got a MUCH better deal through them.

 

A lot of people in the NYC area don't drive more than 10K/year. I feel that I drive a lot and I average only about 12K/year. Things are just really close around here.

OTOH, When I lived in Texas, it wasn't unusual to put on>20K/year.

 

Hi everyone. New to the community, as I'm still shopping for my TL, but after my (second) test drive today I'm sold.

I must be looking in the wrong places, because the lease quotes I'm getting back are not looking nearly as nice as what I'm reading on here.

I was quoted $538 / month for 39-months on a 5AT w/ Navi, with $730 due at signing. That's higher than I'm looking for (Ideally, I'd like my payment to be in the $450 / month range, and others seem to have gotten that).

This is from Acura of Manhattan...

--Noah

 

That is a ripoff. I got a 5AT, 48 month in California (where the TL's are going for a fortune) with no cap-cost reduction, $560 drive off and $456 per month (tax included) for 15K per year. Forget the dealer and try going through a leasing broker. leasecompare.com is a good place to start to give yourself an idea of the programs that are available.

Good luck!

 

You're quote is high but not out of the ballpark. IIRC, for every $1000 extra on the lease you should pay about $30 more/mo. Assuming $400/mo base lease on non-navi, you'd add about $60 to bundle the navi into the payments. Then add about $45/mo in for about $1500 in taxes that you're bundling and that puts you at $505. If you're adding any other extras, that would account for the extra $33/mo which includes extra dealer profit. If you have 12k or 15k mi/year, this may also account for the higher payments.

In dwcolt's example, he's just over $450/mo w/ taxes bundled but he probably doesn't have navi which I had figured would add about $60/mo.

It's hard to hit the $450/mo mark on the lease when you want to put down $0 and get extra goodies and bundle in NYC's high taxes also.

 

that sounds good, how many miles a yr? any more out of pocket costs? or was $2600 and drive away??