wyattwright

The two Acura dealers in my area have quite a few cars Like these One year old, off of a corporate lease (according to carfax), and with relatively low miles.

$31,500 - $32,000 seems awefully steep for a car with 1/4 of its warranty gone and an original invoice and destination price of less than $31,000.

The black bookwholesale on these is $27000 - $28600, Edmonds has trade-in value at about $26000. It seems like I should be able to get one of these for $28000.

So. Two questions.
Has anyone out there bought a similar vehicle and for how much?
Cars like these that come off of "corporate" lease - what exactly does that mean? I have seen other cars reported as rentals, so I'm guessing corporate lease means something else.

Scribesoft

Those prices seem very high to me. I bought my '05 new last summer(36 miles on ODO) and spent less than 31k (No Navi on mine).. The TL does hold it's value, which is one of the reasons this car made more sense to me to buy new rather than pre-owned.

My last car was 1 year old when I got it off a "corporate lease". A '99 Grand Cherokee LTD with 30k-something on the ODO when I got it. It's original sticker was around 38k and I got it for a little over 20k (with a Jeep, it's much better to get one used.. initial resale is terrible). It was previously leased by a local Cafe who used it for deliveries of cakes and other stuff they made/sold.

A corporate lease can mean a lot of things. It could be that a large company leased it for a C-level and up executive... or it could simply be a "for the books" transaction for a very small company where the owner uses it as a regular car, but takes the tax write-off by leasing it under the company name.

If I were you, I would either look for a better deal or suck it up and buy a new one for those prices.