kbosch74

Hey all. This is my first post, although I have been reading through for a while.

I see much on what people have been paying for their '06 TLs, but little on what your lease terms are. This may just be my ignorance on leases.

What have people been getting into? Does anyone know a good resource to read up on leases (how to negotiate, what to look for, etc?

I am very familiar with how to buy a car (get offers from several dealerships, bring those to the dealership, etc), but little on leasing.

thanks for any help!

OvaDaTop

3 months paid from prior lease totalling 1200 bucks, 35% full tint, Side door moldings, wheel locks, 42 months 1900 and change out of pocket, and they paid the 1st month for me. 479 a month. I thought it was a great deal for what they r giving in the 06.....I had an 03 type s and this car is so much better. Forgot to mention that 479 is final price with tax and 12k miles per year.

rrickh1

Hi,

I suggest you do alot of reasearch on Leasing prior to even going into a dealership. There are many tactics dealers use when selling you a lease, because the average joe who wants to lease, can be lead to believe many different things.

Last month i started a 27 Month lease @ $550 a month and NO MONEY down. This $550 a month included taxes also. I did have to pay for registration and plates at the dealer though. (In NY less than $100)
I am financed through a company called HAAN Financial. The dealer presented the lease to me only AFTER i declined a 36 month lease through Honda Financial Services, which i felt was too long for me (personal preference).
I dont have the residual or money factor they used, i lost the paper, but you can use this as well as other peoples lease payments/terms as a guideline. Just remember the shorter the term the more your monthly payments will be and vice versa.

HotBoyinDaAcura

2k down 389 a month for 42 months?? if that sounds good PM me

rrickh1

Oh yeh you might want to check out these websites


http://www.leaseguide.com/index2.htm

http://trucks.about.com/od/autobuyin...erms=car+lease

just google it .. many different sites will show up with ALOT of information.

kbosch74

Thanks for the info.

Here is a point of confusion for me: the purpose of a lease is to pay for only that portion of the car you use, say over 36 months. The TL holds it's value extremely well (so much so that it's not really worth getting one a year old...only a few grand off a new one). So I can't figure out why to lease payments are so high?

I mean, $33k financed at 5% is about $625/month. The leases that have been listed here are approx 75% of that amount. If this car is still worth approx $18k in 3 years, you paid $22,500 with the lease. Seems I should have only paid about $15k (add a grand or two in profit, sure).

I guess my point is this: why lease (unless the purchase price monthly payment isn't affordable)?

Mike_TX

Do the math again.

$33,000 at 5% (if you can get it) amounts to $1,650 a year - or a total of $4,950 for 3 years - in interest alone. $4,950 + 33,000 = $37,950, which divided by 36 payments = $1,054.17 a month (tax not included).

Just one of many good reasons to lease.

rrickh1

To get the price of $600-$700 price range through financing @ 5% with a price 33,000 you would have to finance for 60 months, but if you lease, a payment of $550 a month would be achievable within a 27 month lease ( my current lease) and you can then you can lease another car for another 27 months and drive two cars in the same time frame as you would the one financed.

The downside on the other hand, is that you have no resale on the lease, because you do not own it. Thats where they real loss is, if you can get over not having a car to sell after you have used it to your liking, then leasing is the way to go.

Would you be leasing through out a company or personally? There would be benefits of leasing if you did it through a business.

mokiavelli

2k drive off, 48 month lease, 12k miles/years, $399 a month at Los Gatos

Abbass Hassani

2600 down, 36 month lease, 15k/year. $412.92 a month. non navi 05 auto TL

mokiavelli

keep in mind that although on a purchase, the payments are quite higher, u own the car, plus when u sell it, u get some of the payments back. on 33k, the payments on a 5 yr loan runs about $640 a month. say 3 years down the road u wanted to get rid of it, u may still owe about 14k on it but u might be able to sell it for 20, that means u pocket about 6k. if u divide the 6k by 36 months, it comes to about 150 a month reduction in payment or cost you about $490 a month for your actual monthly payment, kinda like a lease payment.

kbosch74

Good info. thanks all.

hdcolumbus

New 2006 AT/NON-NAVI, paid Aprox. $32,000 + TTL.

36 Month Lease. $3500 down (1st payment, fees, etc), $434/mo - Approx. $12,000 lease buyout/EOT.

Got the Honda Financing special for the TL in February. Could have had for $399 month, but I purchased an extra 3,000 miles-per-year.

mokiavelli

That is a really excellent lease, considering the EOT buy price is extrememly low for a 36 mo lease. That means a residual value of less than 40%. The residuals on a 36 month lease usually are about 60%, or about 21k. Even with the extra miles, it would run no lower than 55%. If you add up all the cost, including the purchase at the end, it comes to about 32k. It's as if you didn't have to pay any finance charge. You negotiated a really good deal. May I ask which dealer you got this deal?

OvaDaTop

There is absolutely no way that the EOT price is 12k.....no way.

mokiavelli

The current Acura lease offer is for $399.00 per month for 36 months. $3,894.00 total due at signing. 10,000 miles per year. EOT buy is 20,364.

madorb

My 48 mo/15k lease for my brand new 2006 5AT TL w/nav is running ~500 a month (including tax).

32,200 cap cost - 2800 down + fees etc. Money Factor: .0026 buyout is 56% of msrp.

TheAspec

48 Month / 12 K / $500 Down / $490 w/ tax per month. Leased with AHF on the Elite program. Would have to check EOT buyout.