Leasing
Leasing
I was just wondering how much you guys with the new TL's are paying for a lease. Is it anywhere near the monthly of a TLS? Please specify what kind if u have a navi or not and how much of a down payment you made please..Thanks alot
8th Gear
Joined: Nov 2003
Posts: 8
Likes: 0
From: Rochester Hills, Michigan
Lease rate...
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
It took a little haggling, but the residual is pretty favorable.
Re: Lease rate...
Originally posted by Poe2
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
Re: Lease rate...
Originally posted by Poe2
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
How many months ,and how many miles a year? I was quoted 467 for a non nav model with 1500 down 42 month lease 15k a year
Re: Lease rate...
Originally posted by Poe2
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
Trending Topics
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
It took a little haggling, but the residual is pretty favorable.
Newbie question here...
I don't know much about leasing but what would be a favorable residual and why? Do you plan to buy the car at the end of the lease?
Racer
Joined: Aug 2003
Posts: 397
Likes: 0
From: New York City
Originally posted by Sigma521
According to your figures that's almost 60%
and why is anything changing after december 1-st ?
lease is based on several things, two of which are not controlled by you: Money Factor and Residual Value.
According to your figures that's almost 60%
and why is anything changing after december 1-st ?
lease is based on several things, two of which are not controlled by you: Money Factor and Residual Value.
Nicki
Originally posted by Nicki
the residual on a stock TL without navi is $19,585.00 but it is going down on December 1st. causing the lease monthly payment to go up...
the residual on a stock TL without navi is $19,585.00 but it is going down on December 1st. causing the lease monthly payment to go up...
8th Gear
Joined: Nov 2003
Posts: 8
Likes: 0
From: Rochester Hills, Michigan
Rock Dog: I leased from Jeffrey Acura in Roseville. The salesmen at Suburban in Troy were @ssholes, and I left after quite a heated discussion as to why they were charging $1000 OVER sticker for the first 7 04 TL's they received. The guys down at Jeffrey were much better to deal with, even though they screwed a couple things up at delivery (which led to them also having to pay my new plate cost = $183.00).
By the way, my lease is 42 mo/15k yr.
After one week of ownership, I must say that I love this car more each day. I have been looking at new houses lately, at it is nice to just get the address from the real estate agent & let the Navi take over from there. I have absolutely no complaints yet about this vehicle, and I am extremely picky about my cars.
Note: If anyone ever has any issues dealing with dealerships over warranty issues, let me know. I work for a major automotive supplier in Auburn Hills, Michigan that supplies Tier-1 to every automaker worldwide. I manager all OEM & aftermarket warranty tracking & analysis for my company, and I know all the dirty little secrets (as well as some good ones) that dealerships have when it comes to warranty work.
By the way, my lease is 42 mo/15k yr.
After one week of ownership, I must say that I love this car more each day. I have been looking at new houses lately, at it is nice to just get the address from the real estate agent & let the Navi take over from there. I have absolutely no complaints yet about this vehicle, and I am extremely picky about my cars.
Note: If anyone ever has any issues dealing with dealerships over warranty issues, let me know. I work for a major automotive supplier in Auburn Hills, Michigan that supplies Tier-1 to every automaker worldwide. I manager all OEM & aftermarket warranty tracking & analysis for my company, and I know all the dirty little secrets (as well as some good ones) that dealerships have when it comes to warranty work.
Okay, made the deal today for 5AT, non-navi TL.
Details:
$32,200 ($1000 off of MSRP)
$2656.00 Tax (Paid Up-Front)
$10.00 Inspection Fee
$12.50 Tire fee (Thanks Again, Governor!)
$20.00 Doc Fee (I know!)
$0.00 Wheel Locks, All Season Mats, Trunk Tray
-----------------
$34898.50
$396.65 Monthly payment for 41 months (12k miles per year)
$19588.00 (NYS) Balloon Payment
3.9% APR
Gap Insurance included.
$1500.00 in damages allowed at lease end.
No other fees beside DMV.
Pick car up tomorrow morning. . .
Eneg
Details:
$32,200 ($1000 off of MSRP)
$2656.00 Tax (Paid Up-Front)
$10.00 Inspection Fee
$12.50 Tire fee (Thanks Again, Governor!)
$20.00 Doc Fee (I know!)
$0.00 Wheel Locks, All Season Mats, Trunk Tray
-----------------
$34898.50
$396.65 Monthly payment for 41 months (12k miles per year)
$19588.00 (NYS) Balloon Payment
3.9% APR
Gap Insurance included.
$1500.00 in damages allowed at lease end.
No other fees beside DMV.
Pick car up tomorrow morning. . .
Eneg
My deal from http://www.bridgewateracura.com
Honda Financial Services is leasing company
Deep green pearl '04 TL 5AT with parchment interior w/o navigation. Splash guards, trunk tray and extra master key included (3 total)
$453 monthly lease payment (includes tax)
15k miles per month
$550 bank fee
$157 Documents fee
$129 Motor Vehicle fee
$1289 total due for purchase which included first month's lease payment
No money down on the car
Gap insurance included
No desposition fee
$1500 of damge waived at end of lease
.15 per mile if over
Honda Financial Services is leasing company
Deep green pearl '04 TL 5AT with parchment interior w/o navigation. Splash guards, trunk tray and extra master key included (3 total)
$453 monthly lease payment (includes tax)
15k miles per month
$550 bank fee
$157 Documents fee
$129 Motor Vehicle fee
$1289 total due for purchase which included first month's lease payment
No money down on the car
Gap insurance included
No desposition fee
$1500 of damge waived at end of lease
.15 per mile if over
Does anybody know much about this companies offers? There called The Lease Outlet and they are claiming $441 a month for a lease with $0 down payment.
Heres the link:
http://www.theleaseoutlet.com/
Click on "Our Speacials" and scroll down to the TL.
Heres the link:
http://www.theleaseoutlet.com/
Click on "Our Speacials" and scroll down to the TL.
Originally posted by Nicki
On December 1, 2004 Acura is lowering the residual value currently at $19,585.00 in NYS (New York State). It is antisipated it will go down 1% causing the lease payment to go up accordingly (approx $10.00/month-from $399.00/mo to $409.00/mo, with $895.00+NYS tax on a 42 month lease 15k mi/year, stock non-navi). This is the fact- call any Acura dealer in NYS and ask them and you will see.
Nicki
On December 1, 2004 Acura is lowering the residual value currently at $19,585.00 in NYS (New York State). It is antisipated it will go down 1% causing the lease payment to go up accordingly (approx $10.00/month-from $399.00/mo to $409.00/mo, with $895.00+NYS tax on a 42 month lease 15k mi/year, stock non-navi). This is the fact- call any Acura dealer in NYS and ask them and you will see.
Nicki
Ed
Racer
Joined: Aug 2003
Posts: 397
Likes: 0
From: New York City
Originally posted by Shoofin'TL
Where did you hear that? You are quite mistaken, my friend. The rates are good until December 31, 2003..
Ed
Where did you hear that? You are quite mistaken, my friend. The rates are good until December 31, 2003..
Ed
This applies to the deal I have on a 6MT stock without Navi for 42 months 15k miles per year $399.00/ month $895.00 +8.5% tax down.
5th Gear
Joined: Nov 2003
Posts: 5
Likes: 0
From: Raleigh, NC
Shoofin'TL
Are you not a salesman or dealer? I have read some of your other posts. So what is the deal with the residual/MF is it going to last a while or not? What about outside of New York?
Thanks in advance.
Josh
Are you not a salesman or dealer? I have read some of your other posts. So what is the deal with the residual/MF is it going to last a while or not? What about outside of New York?
Thanks in advance.
Josh
Racer
Joined: Aug 2003
Posts: 397
Likes: 0
From: New York City
No i'm not a dealer I have a car on order with Manhattan Acura and all i'm reporting is what they have told me- thats all. I can't wait to get my 6MT I gave them my deposit in August and I need the car i'm tired of taking busses, taxis and trains :-(
Nicki
Nicki
Racer
Joined: Aug 2003
Posts: 397
Likes: 0
From: New York City
No i'm not a dealer I have a car on order with Manhattan Acura and all i'm reporting is what they have told me- thats all. I can't wait to get my 6MT I gave them my deposit in August and I need the car i'm tired of taking busses, taxis and trains :-(
Nicki
Nicki
Originally posted by Nicki
oh and don't believe Paragon Acura in LIC- they lie and are rip-offs!!!
oh and don't believe Paragon Acura in LIC- they lie and are rip-offs!!!
Originally posted by ColdFusionTL
Did anyone purchase their 04 TL in so cal? If so, what dealer?
Did anyone purchase their 04 TL in so cal? If so, what dealer?
$2000 down, $470 per month + tax, 48 month lease, navi, mud guards, wheel locks, trunk tray, residual around $17,695.
Racer
Joined: Aug 2003
Posts: 397
Likes: 0
From: New York City
Originally posted by ACURADDICT
I did, last night at Cerritos Acura. I really wanted the White with Navi and Quartz interior, and they were the first to come up with one. A very nice salesman named Daniel worked with me, but I had to really concentrate and use all of my sales negotiating skills to make this deal happen directly with the GSM. There were two other salesman with customers who wanted the car and would have paid more.
$2000 down, $470 per month + tax, 48 month lease, navi, mud guards, wheel locks, trunk tray, residual around $17,695.
I did, last night at Cerritos Acura. I really wanted the White with Navi and Quartz interior, and they were the first to come up with one. A very nice salesman named Daniel worked with me, but I had to really concentrate and use all of my sales negotiating skills to make this deal happen directly with the GSM. There were two other salesman with customers who wanted the car and would have paid more.
$2000 down, $470 per month + tax, 48 month lease, navi, mud guards, wheel locks, trunk tray, residual around $17,695.
AcuraAddict - well I would say you got raped by the dealership since you could have leased that exact same car for 42 months and gotten a payment of about $470 a month with 6 less months.
As far as residual goes it is about right for a 48 month lease which is why the 42 is the way to go.
As far as residual goes it is about right for a 48 month lease which is why the 42 is the way to go.
Re: Lease rate...
Originally posted by Poe2
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
I just leased a 04 TL Black/Ebony/Navi w/Rear Spoiler & Front Lip for $462.50/mo with $2000 down (no trade-in).
It took a little haggling, but the residual is pretty favorable.
i was given a price of $489 w/tax and $2000 down for a 04' with nav
Racer
Joined: Aug 2003
Posts: 397
Likes: 0
From: New York City
Originally posted by chadr
AcuraAddict - well I would say you got raped by the dealership since you could have leased that exact same car for 42 months and gotten a payment of about $470 a month with 6 less months.
As far as residual goes it is about right for a 48 month lease which is why the 42 is the way to go.
AcuraAddict - well I would say you got raped by the dealership since you could have leased that exact same car for 42 months and gotten a payment of about $470 a month with 6 less months.
As far as residual goes it is about right for a 48 month lease which is why the 42 is the way to go.
O.K. Well, I guess you guys made your point...this is a pretty tough room. I thought I got a great deal. I'm paying $65 more per month for my '04 than I was for my '02 Type S.
Maybe its harder to get those deals you are describing in Southern Cal. I don't know. I thought I did my homework pretty well, but perhaps I did not do so well.
Maybe its harder to get those deals you are describing in Southern Cal. I don't know. I thought I did my homework pretty well, but perhaps I did not do so well.
Originally posted by ACURADDICT
O.K. Well, I guess you guys made your point...this is a pretty tough room. I thought I got a great deal. I'm paying $65 more per month for my '04 than I was for my '02 Type S.
Maybe its harder to get those deals you are describing in Southern Cal. I don't know. I thought I did my homework pretty well, but perhaps I did not do so well.
O.K. Well, I guess you guys made your point...this is a pretty tough room. I thought I got a great deal. I'm paying $65 more per month for my '04 than I was for my '02 Type S.
Maybe its harder to get those deals you are describing in Southern Cal. I don't know. I thought I did my homework pretty well, but perhaps I did not do so well.
Racer
Joined: Aug 2003
Posts: 397
Likes: 0
From: New York City
Originally posted by chadr
True - I was including PAs 9% sales tax in that on a 6MT navi/15k car. At 12k and non-navi you should be at under $400 easy.
True - I was including PAs 9% sales tax in that on a 6MT navi/15k car. At 12k and non-navi you should be at under $400 easy.
nicki
5th Gear
Joined: Nov 2003
Posts: 5
Likes: 0
From: Raleigh, NC
Acuraaddict
Are you happy with the deal and the car you got?? If so then who cares if you pay a little more than someone else on this board, as you are the one writing the check every month.
Hell there is a guy that I work with that is paying over $600 a month for a POS Ford Ranger. But he is happy so how can I mess with him about it.
Just my 2cents
Joshua
Are you happy with the deal and the car you got?? If so then who cares if you pay a little more than someone else on this board, as you are the one writing the check every month.
Hell there is a guy that I work with that is paying over $600 a month for a POS Ford Ranger. But he is happy so how can I mess with him about it.
Just my 2cents
Joshua
I am going to be getting a 04 tl non nav 2k down 42 month lease 15k a year for about 405$. I am gonna get 500 off sticker. I told my salesperson I am not gonna pay destination since the car is made 20 miles away.
Every state is different. In NJ there is a $550 bank fee. Using Honda Leasing has gap insurance included which is key, many leasing companies don't do this and offer less favorable residual values. Document fees are on every sale or lease, motor vehicle is likewise.
I don't why someone in NY is paying tax on the entire cost of the car, in NJ it's tax on the 42 month cost.
When you people are putting $2000 down, does that mean you're actually paying all the other fees; MV, docs, bank and making a first month payment AND putting $2000 down. If you're putting any money down other than the absolute minimum on a lease you're making a mistake. It's a smaller monthly fee but it makes absolutely no sense. The objective to lease is pay the minimum up front cost so you can use your money for other activities- investment ideally.
I don't why someone in NY is paying tax on the entire cost of the car, in NJ it's tax on the 42 month cost.
When you people are putting $2000 down, does that mean you're actually paying all the other fees; MV, docs, bank and making a first month payment AND putting $2000 down. If you're putting any money down other than the absolute minimum on a lease you're making a mistake. It's a smaller monthly fee but it makes absolutely no sense. The objective to lease is pay the minimum up front cost so you can use your money for other activities- investment ideally.




