TeknoKing

Hey guys,

I've been gone for a while from this forum, since my last TL was broken into and taken apart

I went with the Infiniti and I hate it with a passion!

Now I want the Acura TL Type-S,

This is the lease offer I'm getting:

36 months / 12K
$1500 down (includes first month and other stuff)
and $450 a month.

Is this a good deal, or am I getting ripped by the dealer?

I went to the stealership at Brooklyn, NYC

Thank you for all your input in advance. I will highly depends on your feedback.

Best Regards,
Igor

PS They also said they can take my infiniti lease, which is over in 3 weeks, without me doing any inspection to it, basically they can return the infiniti by themselves, is this true, or is there BS somewhere?

nfnsquared

That's not enough info for anyone to make an informed decision. You also need to reveal MSRP, money factor, Base Cap Cost, any charges added to the lease, residual value, and local sales tax. Plug all the numbers from your lease agreement in here and decide for yourself.

stillhere153

iTrader: (1)

Sounds good to me but if ur gonna mod the living hell out of it hanging around here... Might as well finance it for 60 months

TeknoKing

Hi, well, I did mod the living hell out of my 2000 TL, and all to see it being taken apart by a$$holes. I don't think I will mod again living in Brooklyn.
(I know I am saying this now, and I know I will start with teins and rims, and then, it's the domino effect )

In regards to the numbers, MSRP was $37,500 as the dealer showed me, I am inquiring about residual value and the money factor.
What is considered to be a good residual value? As I believe this one is 55%

This is what I got from ConsumerReports:

Invoice Price on Acura TL Type S 2008: $ 35,117
Dealer's holdback about $1,147

I asked the dealer to come with better numbers, dealing with the $35K, the moment I will get an answer back, I will post again.

Thanks guys!

OneWickedTypeS

Shop It Around Cause When I Bought My 07, I Drove To Maryland To Save 4000.00....

korrupted

might as well buy the car they have a 2.9% financing now.
If you don't mind having an '07
$35,117 - $2,500 mfg = $32,617

TeknoKing

The lease option is much better for me. I just need to know if the offer is good.

Also, if anyone can recommend a reputable dealership in NY/NJ/CT/PA area, I would highly appreciate that, I'm willing to travel for a better deal. I have 3 weeks to do this.

Thanks again.

PS So far I'm having a horrible experience with Acura dealers, I never had such bs with infiniti or bmw, they were open, straight and courteous.

korrupted

Dch

TeknoKing

what?

jazz_123

Yo park ave acura in maywood new jersey! Ask for troy! He will hook it up! Tell him Ji sent you!

TeknoKing

Thanks Ji, I will do so

korrupted

Look under the Acurazine logo at the top of the page.
DCH Montclair Acura

TeknoKing

yeah, that makes sense, lol

Thanks korrupted =]

stillhere153

iTrader: (1)

it is a decent offer thats what I was saying

TeknoKing

stillhere153, what you would consider to be a good offer?

I've noticed you are also in NYC, where did you do your shopping?

camporealer

Does the $450/mo include sales tax or not? If it doesn't add another 8.75% to your monthly payment.

You are responsible for your old lease. I wouldn't trust someone else to turn it in. My brother in law traded in a Ford SUV for a new Honda Pilot. The Honda dealer said he would take care of everything. Well a couple of months later they got a letter from Ford looking for their old truck. They finally tracked it down at the back of the Honda lot all scratched and dirty. Honda tried to say that is how they got it and make my brother in law pay for it. Long story, it worked out ok but it was a major hassle.

Return the car yourself unless it is the same make as the new one you are leasing.

TeknoKing

camporealer, yeah, I was skeptical about trusting them on returning my car. So, I will do it myself.

In regards to tax, I'm pounding them right now at it. Everything is suppose to be included in that down payment, if not, I'm simply walking. I have time to find good numbers.
I'm just sick of hearing dealer's bs. I wish they were more honest. I don't mind the dealer winning, but I don't want to lose either.

jazz_123

Yo 1500 down payment and $450 monthly is a dream deal! Im sure he offered that to you over the phone! rRight? If it was deal is too good to be true! That is his pitch for an offer to get you in the door! You will not be walking out with that deal! My friend just copped a TL from DCH last week for a base TL. 4000 down and 331 a month! Give troy a call tell him i sent you and hell hook it up. He works for the web dept and they offer really good prices.

jazz_123

15000K at 36 months! I know whats going to happen hes going to make you go there and be like whoops i thought you meant TL not TLS! That offer is way tooo low for a TLS lease. They in a hurry to get ride of the TL but not the TLS! That car wont be even coming out again until 2010 or 2011 on the 4G!

TeknoKing

Hi, I actually did all the talking at the dealership. I have the #s on paper too.

I don't think your friend got such a great deal for a base TL, $4000 out of pocket is excessive for an acura. How's his credit? Their offer right now on a base TL (nationwide promo) $359/mo plus around $1495 down, add taxes, and some math, your friend basically got this deal, he just decided to put more into a down payment, something you should never do.

My current FX35 lease was 1600 down and $359 a month with every single option in the car.

Thus, I'm here hoping to learn of what to expect, so I don't spend time later.

TeknoKing

OK at 15K its actually a pretty fair deal.

That promo $359 is for 12K

Nice. I actually did call DCH, gave them the numbers, awaiting a call back.

I just got a call from another dealer, $500/month (tax included), and nothing down (the usual fees) but this is with 10K for 36 months. This is not bad, but the 10K will kill me.

jazz_123

yes the 10K will kill you. I think its like .35 a mile! Did you call maywood acura!

TeknoKing

you mean Park Ave? on the phone they won't tell me anything, I have to go there.

jazz_123

really! thats strange and you asked for troy!

TeknoKing

I didn't know to ask for Troy, I will feel like a retard calling again.

TeknoKing

Ok, back to the deal I got earlier, this is what I was told

"The $1495 includes your 1st month, bank fee and you cap-cost reduction. Also transfer plates are $140. Your taxes and DMV fees will be added to your monthly payment.
"
So I'm looking at $1500 down and about $490 a month...

Suggestions???

nfnsquared

Hehe,

Now you're starting to catch on! You still need them to tell you the money factor, local sales tax rate, and the residual value (for 36 months, they should give you 56%).

Also, what are the exact amounts of:

Cap cost reduction
Bank Fee
DMV fees

How are the transfer plates being paid?

They're playing with you because it's obvious to them that you really don't know much about leases. Not putting you down, just want you to realize that at this point you're knowledge is not what it should be for pulling the trigger on a lease.

Get them to put all of the figures I told you to get earlier in writing and I'll tell you if you're getting a decent deal.

By the way, Edmunds.com and the leasecalc site both have excellent do's and don'ts for leasing.

nfnsquared

Dude,

All 2008 Type S MSRPs are $38225 or $38425. You should have caught that right away.

TeknoKing

Thanks for the info. I will follow up.

I'm working with consumer reports auto info (14 bux), it gives me all the info on what things should be, I'm not that oblivious, and I'm not rushing, I have 3 weeks to play with.

But I do appreciate the help, I will get back to you.

TeknoKing

Ok, guys it comes down to two dealers.

Dealer #1 (I'm sure I can talk him down to drop like 10-20 bux a month)
[36mo / 12K]

MSRP: $38,940.00

Selling: $36,582.00 ($720 over his invoice price)

36 month / 12,000 miles per year

Due @ Start: $2,770.56 (includes taxes, 1st month & dmv)

Monthly: $472.41

2nd Dealer (not an actual Acura dealer) (will not budge)
[36 mo / 10K]

1st Month + DMV fees down = so $640 down

$500 a month.

Which deal would you take?


PS Mileage is not a big deal to me.

vinnier6

iTrader: (1)

you should beable to get the car at or below invoice...at this time of the year and with the 09 being a totally new car and all...i would wait til the end of the month and then they will be begging you to buy the car...

as for getting an 07, not going to happen...i seriously doubt there are any to be had...i bought my 07 tl type s at the end of october and it was the only one in the metroplex...

TeknoKing

vinnier6, I hear you, but I need a car for work, my current lease is done in 3 weeks. I'm kinda worried about leaving everything to the last minute.

I'll ask them anyways about '07, maybe they do have it stashed some where haha

jay0k

Holy tax batman! You pay 8.75% sales tax on cars? We pay around 3.5% excise tax here in Oklahoma and I complain about that. I don't know anyone that rolls tax into their loan though. We usually just suck it and write write the $1,300 check at the DMV to get our tag.

TeknoKing

update, probably going with this deal,

36 mo / 10k

$1300 out of pocket (covering 1st, bank, dmv)

and $480/m

And most importantly no BS

Bearcat94

FWIW - I had an offer (spring of '07) of $482 per month (tax included) with ONLY 1st payment out-of-pocket.

2007 TL-S 5AT, 36 mo / 12k.

OTOH - from what I've read here, NYC prices have been consistently higher than my area and WAY higher than SoCal (lucky bastards).

TeknoKing

the 8.75 tax is what kills, for NY quotes, so far this is the best I got, and this is thru a special connect.

Living Mid-West to SoCal, you are definitely getting better rates.

nfnsquared

Again, not enough info to make an informed decision. I can't help you until you fill in the blanks, see my previous post for the info I need before I can help you.

nfnsquared

Not on an 08 TL-S. Maybe invoice, but I've only seen one person claim to get an 08 TL-S for invoice.

TeknoKing

OK, I officially hate NY tax.

Out of pocket $1200 and $480 a month is the final deal.
TL Types 2008 36 mo / 12K

I think its pretty damn good, considering I went thru 6 dealerships.

Finally, I can sleep normally