What is the lease for a Acura TL /w Navi with o down?

 

according to acuras lease calculator here:
http://eshopping.honda.com/calculato...teOrigin=ACURA

for 36 months w/15k miles/yr, you're looking at around $590/month.

 

After 36 month lease you've spent the same as you would have if you had bought the car. The only difference is that you would have ZERO equity whereas the buyer would have about $5K of equity. Unless you get 100% of the payments back via valid expenses there is NO reason to lease a car...

 

Except that in 3-4 years, I'll be riding around in a new car... The ONLY way it is even worth buying a car, is if you truly are going to own it for a LONG time and drive it into the ground. Most people simply are not like that anymore. So all my friends who put new tires on and new brakes and this and that, and then sell it at 5 years... What's the point? I've had 3 leased cars, the TL is the 4th... I've NEVER bought tires... NEVER gotten new brakes... NOTHING more than oil and gas... Besides, I liked the buyout on my TL. I may just buy it when the lease is up and sell it to make some $... And if I keep it, I KNOW how it was treated, etc... I did the multi year test drive. Working out the numbers... If I buy my leased car instead of buying it... I'll "waste" between 1k-2k overall... In the grand scheme of things... That's a blink on the radar, and I KNOW that I'll have a car that I want for 8-10 years.

Bottom line... There are leasers and there are buyers... It's like pissing up a rope to get us to see eye to eye...

 

The best deal that i've seen was $3000 down and $380 a month for $36 months for a non-navi automatic..

 

I put 0 down and leased black with navi

15000 miles/year
39 months
$550/mo +tax

 

The assumption that you come out ahead in 36 months by buying rather than leasing just doesn’t make mathematical sense to me if you look at the numbers. Assume a purchase price of $33,500 (inclusive of delivery) for an 05 TL w/Navi, 4.5% for both your loan rate and my lease rate (lease rate money factor of 0.00185 [I actually got a 0.00175, {4.2} you might have gotten better on your loan]), sales tax of 7.25%, 0 money down for both of us and a value at the end of 36 months of $19,765. (a 59% residual value as currently calculated by banks on a 36 month old 05 TL)(and they’re better at guessing values then we are) and we’ll give you the benefit of the doubt that you paid your sales tax up front rather than financing it and raising your payments.

Loan: A 60 month loan @ 4.5% = $624.54 p/mo.
$624.54 per mo. x 36 mo. = $22,483.44
+ $2,428.75 sales tax (paid up front)
= $24,912.19 in total payments
Sell @ $19,765 - $14,998.96 Still owed on loan
=$4,766.04 in your pocket (your equity)


Lease: $481.40
Tax $34.90 p/mo (total $1,256.50 over 36 mo.)
=$516.30 x 36 months = $18,586.80
+ Acquisition fee $595
+ Disposition fee $350 = $19,531.80

Sell @ $19,765 w/0 owed = $0.00 in my pocket.

Your total payments = $24,912
My Total Payments = $19,531.80
You paid more = $ 5,380.39 difference - your $4,766.04 equity = $614.35


OK, no big difference then? Well, what about the question of whether or not you can actually get $19,765 for the car when you sell it. Will that be the value? If there are suddenly a ton of lease returns on the market, will you be able to get this price? Also, no dealer is going to give you that on trade in because that is the sales value of the car, not trade in value (it will be $2-3k less). You’ll have to go through the hassle of selling it yourself. Also, do you like to make modifications to your car? If you add a spoiler, or sway bar, or any other accessory, that will be money likely lost because it is almost impossible to recover accessory costs when selling.

But wait! There’s more. What if I take the $108.24 per month difference in payments and invest it each month at a 3% return for the 36 months. I’ll make over $4000 in interest on that money.

What do the money experts say is better, leasing or buying? NEITHER. If you don’t need a car, don’t buy one. It’s a lose-lose situation no matter what. But, if you’re going to get a car, all money managers agree that the best thing to do is buy a car that is 36 months old when the larger percentage of depreciation has been paid for by someone else and then drive it into the ground until it dies and will never move again. I can’t seem to follow this advice, because when I see a hot new car like the TL money fingers start twitching, pulse goes up a little and when you actually start driving it ……

 

05 TL Navi: 15000 miles, 800 TOD, 48 month, CA tax = $487

 

Just got back from the local dealer here. The deal was an 05 TL w/Navi $0 down (sign and drive) and the price was $572/month (that included taxes).

With only 2K down, the price was $507/month (this also included taxes)

I thought that was pretty reasonable.I

I think both were a 36 month lease, but it might have been a 42 month. Was in a daze since it was the 3rd dealership we had been to today.

 

Finally some people with realistic numbers.....

 

Man.. AWESOME POST... I fired this off to my friends who buy and harass me for leasing all the time... Thing is, they keep their cars for like 5-6 years... As soon as its paid off, they sell it... ??? Dunno... I always like having a new car, bottom line. I always KNEW that THEY won in the end no matter what... You've made me understand that a little better.

THANKS!

 

Everything you wanted to know about the "leasing vs. buying" debate...

www.leaseguide.com

 

WOW!!! That's no deal.

My deal in November for my 05 w NAVI was $1995 down, $394/mo incl NJ sales tax - 42mo lease w 12K miles.

Ramsey Acura - Ramsey, NJ

 

So basically the best deals are close to $2000 off msrp, 50% residual, and 2.9% apr.

This place has a good lease calculator... http://www.leaseguide.com/calc.htm

 

OK, but again, my deal was for 36 months ( I know only 6 months less, but that does change the rate), 15K per year, and $0 out of pocket. So I don't think my deal was all that terrible. Also don't know what your tax rate is in NJ but in PA they add 9% for taxes.

However, I do agree that only $2k down and a payment under $400/month INCLUDING taxes is a great deal. Good for you!!!

 

Your deal was fine man... Some people on here (as statistics would have it) basically got the car for FREE or stole it!!

Just kidding... But some people got hella deals and some didn't... Are you happy? GOOD... Start driving...

 

I presume we could all end this banter back and forth if people would just shop their respective areas. For example, when I purchased my TL last January, I shopped within a 150 mile radius and contacted multiple dealerships. The lease deal I wanted was the same for each dealership and so was the car - apples to apples. At the end of my search, I knew which dealers were "screwing me" and which ones weren't.

Just do your research and take some time shopping from dealer to dealer - you'll end up getting a competitive deal for your area and that's all that really matters, IMO.

 

There's no reason to shop local at all anymore, I bought my NSX in Chicago and I'm in Boston. Whoever has it cheapest gets my business and I'll just have it shipped (assuming price+shipping is a reasonable amount less than buying local). Having a "relationship" with a dealer seems pointless these days. The service arm is unrelated to the sales arm, and the sales turnover is fairly high. Maybe you'll get free rentals or free oil changes or something, big whoop. Next time you buy a car you'll end up doing the price comparisons all over anyway.

 

Well said..

BTW..I am getting a 05/ Navi for $2100 out of pocket (taxes and 1st payment) for 42 mos for about $450 a month...I think thats a fair deal but I am still shopping around