gregory28

42 month lease. Currently it's the best way to go. Honda/Acura does have lease deals and this eventually will get even more attractive. The TL is such a hot car right now.

gregory28

Document fee is on every car sold/leased in NJ
Bank fee applies to every lease.

gregory28

42 months

gregory28

What is everyone paying for their lease? This information is helpful for everyone to know.

brahtw8

Here is what I have been quoted:

Both are MSRP plus destination

TL/6 w/o Nav
42 months
20k miles per year (.10 per mile prepayment)
Tax/title/license included
0 down
$658 due at delivery, including first payment
$551/month

TL/6 w/Nav
(same as above)
$704.36 due at delivery, including first payment,
$596/month.

Those numbers will seem high, with the extra mileage and 0 down.

Residual is $17.1k w/o Nav, $17.6k w/ Nav.

If that is bad deal (and I realize the money factor is not subvented given that TLs are selling), please let me know. I think it is pretty good.


I am also considering a TSX, same lease parameters, which would be $467 w/o Nav and $510 with.

fuque

The only legitimate charges are:

• Sales tax
• Title, licence, registration fees
• Destination charge (appears on the MSRP sticker)

Anything else is bogus, and is used by dealers to squeeze a few more $$$ of profit from you.

For example, when I bought my Tacoma, the Toyota dealer wanted me to pay a $249 "doc fee." TWO HUNDRED FORTY NINE DOLLARS? FOR WHAT?!?!?! For 5 minutes of typing that your F&I guy has to do so that the computer can spit out my paperwork? Wow, I want a job where I can make $249 for 5 minutes' worth of work!!

This Toyota dealer had a particularly neat trick: they pre-print the $249 doc fee in boldface type on all their forms, so that when a customer balks at paying it they can say "this fee is required and cannot be waived." Don't fall for it - the fee can and should be waived. The way they did it for me was to reduce the selling price of the car by an additional $249 to compensate for the pre-printed doc fee.

There are all sorts of other vague fees that car dealers try to get you to pay. The salesman will tell you things like "oh, this fee is on all our cars" - as if that were some sort of logical justification. Or "the bank charges this fee to process the paperwork." They all amount to one thing: ADM, or Added Ddealer Markup.

It's interesting to note that the special "invoice price" purchase programs that manufacturers offer to their employees and business partners prohibits dealers from adding these BS fees. You should prohibit them from your deals, as well.

fuque

Is that what the salesman told you?

ColdFusionTL

bump just wanna keep this going..

chadr

The bank fee is a Honda lease company fee and you will pay it on any lease originating through Honda Finance. Not a thing you can do about it except try and negotiate a better price on the car.

don.69z28

Hi gang,

With interest rates so low and car that holds it value so well I woud consider buying the car I was going to lease mine for a company car, but decided to get the company to give me a car allowance. At 3.8 % interest rate my 5 year payments are $648.00 for a 6 speed with no nav and list price a 0 down. Even at no money down I would still be ahead after 36 months into the lease if I were to sell it then and if I keep it to term I own the car.

Just a thought

Don