jets613

Anyone have any idea what the residual values are currently for a nav tl. I would be interested in 36,42,& 48 month residuals.

Thanks.

moeronn

Best place to find that out would be www.edmunds.com in their leasing forum. You have to register to post, and may have to just to view - I can't remember. Lots of good information there. I was looking to lease the TL, but ended up buying since the lease 'deals' didn't seem like deals at all. It all depends on your situation, though.

moeronn

Heck, I'm in a good mood, so here is some of the info you need
The residual for the navi is typically 2% less than the non-navi. The residuals will likely be dropping as we approach the release of the '05s. There doesn't seem to be any recent info on the 42 or 48 month lease - but you could always ask there.

MY98TT

I like to look at cars like investments... Even though its more like a loss... If you purchase a car for $34,000 ($38,800 total after financing) and then sell the car 4 years later for 19,500 without getting too specific that car cost you $4,800 a year. I believe there deal was $34,000 then after 4 years and 48000/miles they want to give you $14,500 for it, not really but that’s how much they say its worth. So you pay $24,000 over 4 years. That lease cost you $6,000 per year for 4 years... True the payment is only $505.91/month compared to $810/month but they are robbing you blind in my mind... I'm no expert but you do the math.... I keep thinking it can't be that bad but look at the numbers...

Based on Acura’s web page lease calculator and finance calculator... 4 year car value based on www.kbb.com the "total 5-Year Ownership Cost" by IntelliChoice...

kefler

you think you'll get $19,500 after 4 years and 48k miles?

Tripp11

Any decent dealer will be more than willing to just list off the residuals for those terms for you. I would just call your dealer(s) and ask them...then you know you're getting the right information.

roadman

This sounds ok, except sometimes the resale values are poor. My '02 TL-S was leased with a buyout of $17,200, not bad for a 3yr old car, made the lease payments low. However, the going rate to buy a used '02 TL-S is far less than my residual value, in this instance it was a good thing I did not own the car outright. I would have received far less on the trade

MY98TT

If you go to www.kbb.com and lookup the 2004 tl then under "total 5-Year Ownership Cost" you will see depreciation listed it's $17,500 for 5 years. That’s $3500/yr * 4 = $14,000 over 4 years. Then take the $34,000 minus the $14,000 and you have $19,500. (it's $20,000) I must of messed up somewhere but you know what I mean...

Oswald Vater

Just had my 2k appraised at Carmax. It's coming off lease this week and was just curious as to what the market would bear if I got rid of it privately. After 4 years with 35,500 miles they only wanted to give me $15,000. KBB retail is 19,450. I would imagine that an 04 won't go for too much more than that 4 years from now.

moeronn

Keep in mind that the minute you take ownership of the car, the value immediately drops 4k+.

As far as carmax goes, they won't give you full retail for the car, but they should give you pretty close to full wholesale - which is more than a dealer would typically give you. If your residual on the car is more than what Carmax is offering you, just give it back to the dealer and walk away in the clear.

Oswald Vater

Moeronn: KBB wholesale on my car was 14,000, so they did want to give me above that. However, the residual is 16,300. I was hoping for at least 17,000 considering the pristine condition of my ride. Carmax is selling similar vehicles at 18,000 and better so they still could have made a decent profit. In any event, I'll try to get 17,000 for it privately. If not, back to the bank she goes.

mastertl

If you, your parents, anyone you know really well, owns a company, use the company to lease the car. From what I know, making it a "business expense" can be a tax write off. My mom's company takes people out to dinner spending over 1000 almost each week and almost everything goes :rocketwho because they are essentially paying close to nothing. My friend who works in the company recently leased an TSX for the usual price but he gets tax returns in amounts.

TLGator

This is tax fraud unless the car is substantially used for purposes related to the business, or the principal driver of the car works for the company and is receiving the leased car as a benefit.

mastertl

Haha, never thought of it that way. I do work for my mom's company so I guess that works for me. Sorry guys.