TurboTease

Is this a good deal?

-$550 per month including CA taxes and everything else
- 36 month lease
- 12,000 miles per year
- zero down

I know the advertised specials are much lower, but those have a million hidden fees and the above is the actual, final deal. I've had many dealerships battling it out and this was the best I could do thus far. Would you do it? I want out of my TSX.

Mlauderdale1000rr

I would throw some $$ down to get that payment under $500 IMO, But sounds about right for a type-s, GL w/ whatever you choose!

Bearcat94

Sounds just ok. It's eaarly in the model year, so no big discounts I guess.

What is the Selling Price (SoCal buyers were getting ~$35k mid-year on the '07) and what is the Redsidual.

KeithL

I am no lease expert, but it comes down to what are they showing the sale price of the car for the lease and then what is the residual, then the differecne is what you are paying or financing over 36 months at a specific interest rate. If the numbers look resonable then do it. Try to figure what book value will be at 3 years and see if the residual is more or less than that. I often thinks leases are worse deals than buying becasue too many people don't investigate the underlying numbers.

Mlauderdale1000rr

I just leased a 07 TL, How do you gestimate the value 36-48 months?

godfather2

there really aren't any incentives for 2008 vehicles as of yet, price is fair

joerockt

I negotiated the lease for my 08 last month for $488 OTD. 36/10K...I think it was $2300 drive off, 23K residual and a money factor of .0023...something...cant remember exactly. I was quoted invoice for the price of the car.

TurboTease

Bearcat, sorry for not answering your question earlier but I didn't see it until just now. I'm not 100% sure of those numbers actually. I will be gathering that info before my appointment at the dealership later tonight. I'm thinking $36,500 for the selling price based on what other local buyers are saying. The residual info has been a little hard to find on an '08, but the '07s are at ~$19,000 for a 36 month lease.

KeithL

Well now with 04 being year one of this body style you can look at resale of an 04 and get an idea where you may be. Dealers have a formulas they use to generate residual on a given make/model based on who is financing the lease. I want to say I thought typically after 3 years residual is generally around 50%, more if higher resale, less if poor resale, but I coudl be way off, I have not explored a lease in many years.

TLType-s12

iTrader: (2)

Well it depends on where you live also. Different dealerships have better/worse deals. My cousin leased his TL-S 4rm calabasas acura on the 101. He paid $1000 down and hes paying 510 a month