Lease vs Buy

Thread Tools
 
Search this Thread
 
Old Jun 15, 2004 | 10:11 PM
  #1  
Rob63's Avatar
Thread Starter
Cruisin'
 
Joined: Jun 2004
Posts: 19
Likes: 0
From: Auburn, AL
Lease vs Buy

Is any one leasing their TL. If so what kind of monthly payments?
Reply
Old Jun 15, 2004 | 10:14 PM
  #2  
ed99's Avatar
9.5+10.5 22m=Hella Flush
 
Joined: Jan 2004
Posts: 3,106
Likes: 11
From: Canuck Town
Originally Posted by Rob63
Is any one leasing their TL. If so what kind of monthly payments?

Finance the car at a rip off rate here in Canada at 6.1% when BMW/Mercedez/Audi has lower than 3%.
Reply
Old Jun 15, 2004 | 10:47 PM
  #3  
Fionn's Avatar
Advanced
 
Joined: Feb 2004
Posts: 67
Likes: 0
From: Austin, TX
My GF is not letting me talk about or think about buying the TL till Sept heh. I am basically trying to get the best deal I can.. I'm asking 32-33k including TT&L. I'm not paying 35+ for a car already about to move over to the 2005s. I also told the person.. I want under 5% on APR.. that is too high anyways expecially with my Excellent credit.
Reply
Old Jun 15, 2004 | 11:07 PM
  #4  
Shelly's Avatar
Cruisin'
 
Joined: Jul 2002
Posts: 17
Likes: 0
Re leasing, if state sales tax in the 6% to 6.5% area, should be paying between $460 to $470 a mo. all in, incl all taxes, for a fully equipped TL w/navigation, 36 months, no money down whatsoever, no lease end payment either, via Honda Finance. Add the A pkg and will pay more on a proportionate basis.
Reply
Old Jun 16, 2004 | 06:15 AM
  #5  
Stewie's Avatar
Racer
 
Joined: Dec 2003
Posts: 441
Likes: 0
From: CT, USA
Just keep in mind that leasing only makes sense if you don't put many miles on a car (usually <12k/year) and that leases are difficult to get out of early if you think that might be a problem for you in the future.
Reply
Old Jun 16, 2004 | 07:57 AM
  #6  
ROBK's Avatar
Cruisin'
 
Joined: Apr 2004
Posts: 21
Likes: 0
From: Baldwin, Ny
Originally Posted by Fionn
My GF is not letting me talk about or think about buying the TL till Sept heh. I am basically trying to get the best deal I can.. I'm asking 32-33k including TT&L. I'm not paying 35+ for a car already about to move over to the 2005s. I also told the person.. I want under 5% on APR.. that is too high anyways expecially with my Excellent credit.

does anyone even know when the new one is coming out? they could hold off for awhile seeing as how demand is still strong...
Reply
Old Jun 16, 2004 | 11:56 AM
  #7  
Snive's Avatar
Intermediate
 
Joined: Jun 2004
Posts: 35
Likes: 0
From: Lowell, MA
Leasing

I'm going to sign the lease papers today and pick up on Friday or thereabouts...

money factor .00215, residual ~17900.
MA 5% sales tax.
negotiated price 33,000, automatic with navigation, nothing else.

1780 - cash down.... tax, registration, security, first month, docs and other miscellaneous
490/mo. 42 month lease.


It's not an awesome deal. It's average cost to a little above average cost.
Reply
Old Jun 16, 2004 | 12:21 PM
  #8  
vtechbrain's Avatar
Banned
 
Joined: Oct 2003
Posts: 1,486
Likes: 1
If you drive cars for a long time, buy. If you're always looking for the latest like me, lease.
Reply
Old Jun 16, 2004 | 12:30 PM
  #9  
lindros2's Avatar
Black
 
Joined: Aug 2003
Posts: 1,087
Likes: 18
From: Atlanta, GA
6-8 months ago I would have said "lease" (when I got my TL/auto/navi for $460/month+tax).

Now it's rocketed to $600+ due to lower residuals and higher interest rates...

So... your choice, but buying is better at the end of the model year.

-josh
Reply
Old Jun 16, 2004 | 12:41 PM
  #10  
BarryH's Avatar
Burning Brakes
 
Joined: Mar 2001
Posts: 780
Likes: 0
From: Hoboken, NJ
Acura's make great lease candidates because of their strong residuals. Unless Acura does some sort of end-of-year lease campaign, you'd be better off waiting for the '05s. The residual will continue to decline as the 05 launch approaches making your payments higher. In the absence of a campaign, and assuming you can get a discount on an '05, the 05 could actually be a cheaper lease than the 04.
Reply
Old Jun 16, 2004 | 01:06 PM
  #11  
Fauman's Avatar
Cruisin'
 
Joined: May 2004
Posts: 17
Likes: 0
From: Palm City, FL
Just Got It Yesterday

Just signed the leasing papers and took delivery of car yesterday. Abyss Blue, camel interior with navi. Nothing down Sign and Drive deal. Residual is $17949.45, @533.00/mo including tax. 42 mo lease
Reply
Old Jun 16, 2004 | 03:11 PM
  #12  
quake97's Avatar
Racer
 
Joined: Mar 2004
Posts: 444
Likes: 2
From: Philadelphia Suburbs
I did a lease without question. There's no way I'm going to get stuck with a piece of metal that's worth half in three years. I did a 39 month lease for $410/month. I'm in the Philly suburbs.

Joe
Reply
Old Jun 16, 2004 | 03:17 PM
  #13  
Rob63's Avatar
Thread Starter
Cruisin'
 
Joined: Jun 2004
Posts: 19
Likes: 0
From: Auburn, AL
that sounds cheap joe...how much down?
Reply
Old Jun 16, 2004 | 10:30 PM
  #14  
quake97's Avatar
Racer
 
Joined: Mar 2004
Posts: 444
Likes: 2
From: Philadelphia Suburbs
$3000 down. I also got the TL around Christmas, so it was still new then and therefore is a better lease.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Rueruerue
5G TLX (2015-2020)
52
Feb 5, 2016 10:32 AM
saturno_v
Car Talk
61
Oct 28, 2015 06:57 PM
knight rider
Car Talk
74
Oct 1, 2015 10:29 AM
ctlx23
5G TLX (2015-2020)
4
Sep 13, 2015 09:55 AM




All times are GMT -5. The time now is 11:13 AM.