TL Fantasy

$749/mo lease payment on a TL...dude, you're getting raped!

CCns24

Ya, a dealer in my area was offering a 36 month lease on a TL/Navi/A-Spec with $0 out of pocket for $698/month

kray17

i just got mine for

$495 down
$495 month
48 months
15k miles/yr

Mindcrime

$297 a month for 48 months.

BennyBlanco

Well here's my lease. I used leasecompare.com I got alot better deal than Acura was offering!
ABP/Navi/Auto 15000 miles a year! 39 months
2500.00 Cap Cost Reduction
406.61 First months Payment
210.00 Title, Reg and,License Fee
841.00 Upfront Sales Tax NJ
152.00Doc Fee
Money Factor: 0.0022
Payment includes Gap Insurance and Leasecompare fee

Paying 406.61 a month 15,000 miles a year

fmzip

I just got my first quote:

$615/mo
36 month lease
25,000 miles per year

How does this sound?

peacefrog

Wow thats alot of miles.....are you a salesman or something? May want to think about buying with that kind of driving

fmzip

Yes, I am a salesman. I bought a new 04 benz e320 15 months ago and here is how that story went. Purchased the car for $58,000. Put $5,000 down, just sold the car with 35,000miles for $39000 which I was very lucky to get, paid off the loan of $41,000. So I lost $7000 in 15 months not to mention payments of $997/mo. So it cost me $22,000 to drive the car for 15 months approximately $1500 per month.

I can't see where buying a new car would be worth it for me ever again. I will burn up these cars and they will have very little value in 4 years with 100,000 miles on them. There is no "value" per se in a depreciating asset such as an automobile unless you buy a Ferrari and don't drive it... I will have an indefinite car payment regardless. Buying any car would most likely put me backwards in every loan. By the time the car is paid off, it would have very little value. Whatever value it did have would have probably been offset by repairs, tires, brakes etc.....

So I am going from a benz to an Acura TL. If I could only get it through my head that it is a piece of transportation to get me from point A to poinnt B, it would save me alot of money. I love driving though so I am not ready for a Camry!

fmzip

Oh, that's zero down

nyb141

My lease is 10K miles a year. The 42 months quote I provided is 12K miles.

RGunny

I just picked up my 05 TL 6MT w/Navi, think I got pretty good deal on my lease.

$680 at signing (includes 1st month payment)
$509/mo x 39 months
13,800mi/yr

Traded in a 2000 Lincoln LS which I owed 8k on - they gave me 10k.

All in all walked out with a new TL about $1300.

racezx9

take out a equity loan (lower rate) and use it for a income tax deduction as well, then take the cash and invest it . I am in sales which mean I can deduct the car as work a work deduction over 3 year at 11k a year in deduction. I also get milage reimbursment from work at about 600 a month. My payment is $506 and whne factoring in all the deductions and milage plus investment of my money, I am actually making money on the loan.

moahdib

04 TL w/ protection package in CA.

$33,905.10 OTD
Downpayment = $3,000
2.9% APR from Honda Finance ( got it during memorial weekend yay!)
$550 / month for 60 months

I'd say i got a great deal. =)

dmauck

$550/month
72mo.
trade-in
04' 5at

Twenties

I'm buying and with ZERO ($0) down, my purchase payment is about the same as the lease payment you quoted, actually less ($585/mo).

$600s for a TL lease, sounds a little high, and you can BUY instead and get unlimited miles and then flip it in 4 years and may come out a little ahead.

My total payments (72 mo) equals $42k, and after paying for 4 years ($28k) I'll owe $14k, and the car will be worth about $16k private party. And I may decide to keep it longer or pay it off early, just more flexibility.

Plus if you be buy you won't be responsible for acquisition fee or the dreaded lease turn in charges, which on my BMW came out to an additional $2500, including disposition fee, needed maintenance fee, tires replacement fee, and mileage overage fee.

But it could go either way.

agd

put down 8 g's 5yr--497 per month 3.9 financing..

Im hoping to sell car in 3 years with 50k for about 20 g's and get a new one...

racezx9

How do you have an credit score of 800 and not have an proven record of paying non-student loan history? I don't know where you got your credit score but that is impossible !! Crdit score depends on the length of your credit history and payment hisorty. The longer it is and more consitancy in on time payment the better it is. Additional bonuses are income to debt ratio, assests. Negatives are too many credit inquiries in a short period of time, constantly closing out credit account even if you do not owe money or paid it off. At 24 there is very little chance that you have a 800 score (credit score has a max of about 820 ie. Bill Gates) without a very extensive payment history and make a very high income. The maximum length of time that would have credit would be 6 years on your own. Someone is giving a load of crap and by the way you can rfinance anytime you want and pay off that high interest loan, check with the laws in your state. I usually get a low interest loan for the max length of time and pay it off in less in a year. It build my credit history and removes the debt off my history and keeps my credit score high.

TBone2004

It won't if you sell it with only 35k miles. Buy 'em if you plan to keep 'em. Lease 'em if you want a new car every couple years. Why not keep the Benz at 35k miles? Why did you sell it?

fmzip

I didn't plan on putting that many miles on the car, by territory changed. At $1000 per mo for a payment, and 25,000 miles per year of use, I would be so backward throughout the course of the loan. I sold it because it was going to be a total waste of money. I decided to cut my losses now before its too late.

I'd rather have a permanent lease payment for 500-600/mo and put the difference in my pocket and invest it. Cars are nice but they are are losing proposition no matter how you slice it. I already have one nice car which is a 2001 BMW 330 convertible, thats all I need, and its paid for. Since I only use it as my summer/ weekend car, it's not the brightest idea to have a $30K tied up in my garage.

When people say, "buy if you are going to keep it" what does keep it really mean? I haven't "kept" any cars, have you? Eventually, you sell them. I don't know many people who keep their cars for more than 4-5 years on average. If I kept my Benz, it would have been an outlay of $70,000 over 5 years. If I lease at $600 per month, I will spend $36000 over the same time frame, getting me a new car every 2-3 years without the worry of maintainence.

The money that you have in your car, usually is rolled over into another one. If you actaully sold your vehicle and walked for the rest of your life, you'd have money. Otherwise your hard earned cash is tied up in a depreciating asset no matter how you slice it. It sort of baffles me when I hear people putting 10K down, paid for it in cash, when the money they are offering at 1.9-4.9% is so cheap to have. The wealthiest people on this planet know how to leverage their money. they know where to put their cash and it is never is something that depreciates.

To each their own, whatever makes a person comfortable is all that really matters.

Fran

Elephantman_nosefacehead

Amazing when you factor in the monthly insurance payments most of you are paying about $800 a month to drive this car. Not too long ago you paid that for a mortgage on a house. Now we pay that to drive to the Quicky mart.