Tesla1856

"Paying to Lease" is an accurate description (ie, not Buying). Other than one or two here, sounds like most new TLX-2.0T owners are just Acura Lessees moving to their next TLX that they will drive for a few years and then give back.

Personally, I was looking for a more permanent solution ... FINANCING and BUYING a nice new sedan around $45k (which is $50k out the door). Plan to keep it 6-8 years or at least until it is paid off.

For me, I don't see how TLX-Type-S is worth waiting for because it sounds like we will have to settle for performance over creature comforts. I just can't bring myself to spend $55k on a sedan without HUD, Power-Folding-Mirrors, Surround-Cameras, etc. when the other sports sedans in this high-segment have them. It's not THAT pretty or estimated to be that fast either.

04WDPSeDaN

iTrader: (1)

My 2019 X3 M40i was slightly used with CPO warranty, I paid right under 50K out of the door. It's a fully optioned vehicle and I wouldn't pay nearly 50K if it wasn't up to my standards of what a 50K vehicle is / should have. I'm almost certain it's quicker than the Type-s, have a better ride quality, can drive itself (as long as your hands are on the wheel), can park itself, sounds incredible, lots of aftermarket support, more options than the advance TLX.. The TLX-S is one of those vehicles which is hard to justify the cost. Now the new MDX is what I would consider the right type of vehicle for the money. It's like the TLX team was on another planet while the MDX team focused on the competition.

BEAR-AvHistory

Seriously? My Z4 M40i MSRP $73,000 is under $700 a month after discounts, rebates & loyalty bonus. They also comp a night (Hotel, Dinner, Breakfast) & day at the BMW Performance Center in Greer SC. Does Acura also sell bridges to Brooklyn?

Kense

LOL yeah I’m on my way to BMW currently. I look at my build status daily. It’s making me crazy . It’s been in the production status for 2 days now.

Yeah somebody on here already got the TLX and his payments are over $600 a month and his money factor is crazy high. Then another guy got quoted over $800 a month Smh. There’s no reason I would pick a slow TLX over an M340i . In fact there is nothing you can’t get in that range better than this TLX it’s not even the Type S!

fiatlux

Just have to wait for the prices to come down once all the suckers fans buy theirs at sticker. Given that sedans in general see massive discounts compared to crossovers, I’d expect there to be very generous discounts on the TLX sooner than later, especially since even the RDX is seeing huge discounts right now. Given that trim for trim they’re basically the same price sticker wise, I can’t imagine that many people would be willing to pay 20% more for the TLX over the equivalent RDX.

04WDPSeDaN

iTrader: (1)

What's funny, I had 3 members reach out to me (PM) asking about my BMW and if they should get the M340i. I kid you not, all 3 were offered the same if not less for a lease deal on the M340i vs the TLX advance. The one lease offer was for a nearly loaded M340i. I can't imagine other dealerships not offering the same type of lease deal since it's coming from BMW Corporate. Once you experience that B58 engine, you will want the vehicle.

Park ave BMW 2021 M340 Xdrive lease offer. $629 /month

• $1,500 Lease Credit

Well equipped with features such as Premium Package, Driving Assistance Package, Vernasca Leather and Metallic Paint, and includes Destination charges. Premium Package includes Heated Steering Wheel, Heated front seats and Head-up Display. Driving Assistance Package includes Park Distance Control, Active Driving Assistance, Active Blind Spot Detection, Lane Departure Warning and Cross-traffic alert rear.

ESHBG

The problem is the more "fans" that buy the car at these ridiculous prices the longer it will take for them to drop. But yes overall I agree with you and as inventory piles up there won't be much choice (unless they slow/halt production, which they may pull under the circumstances).

fiatlux

Don't worry, there's not actually that many fans . In the whole grand scheme of things, Acura's aren't exactly the most desirable or loved cars by enthusiasts and the like. We are the minority of the minority.

Carnage719

I don't know how some of you rationalize that monthly payment as a good deal, then pay rent or mortgage, credit cards, student loans, cell and internet service, food, utilities, etc. I'm not judging, just astonished.

Kense

huh? People have different income levels.

Kense

It’s a no brainer to me. Even a 330 is a better faster car and it’s a lot cheaper to lease.

fiatlux

Sometimes, the heart wants what the heart wants. Someone recently paid $65K for a low mileage ITR after all.

Carnage719

Or, different tolerances to debt.

leomio85

Do BMWs lease really well or does Acura lease poorly? I know nothing about leasing has it never interested me, but that’s astonishing that an M340i can be leased around the same as a TLX. I see guys leasing well equipped M3/M4’s for about $1,000/mo. The main detractor from the German’s is their perceived long-term reliability. That’s gone with leasing. How do they lease so well compared to Acura?? Or are people just getting raked over the coals with this new TLX?

04WDPSeDaN

iTrader: (1)

Not all of us have debt
Not all of us have a mortgage
Not all of us share the same expenses
Not all of us have kids
Not all of us lease
ect.

I think you get the point.

Carnage719

Yep, ask a simple question and get vague answers. No biggie, it's none of my business how people spend their money.

pyrodan007

Using this statement, the G2 TLX is an even worse deal in the current global situation. Why would somebody purposely go into debt for THIS car? You get absolutely the best of nothing and the benefit of zero discounts if getting it now.

04WDPSeDaN

iTrader: (1)

I get where you're coming from. My wife and I do our evening walks and notice many young individuals driving 80-100K+ vehicles. Early 20's or so. I always made the comment of "how's that possible". You never know what that persons situation is.

Carnage719

Agreed. I have contact with a lot of people who live in extravagant houses and drive expensive cars, yet claim dire straights if or when they have to pay for something out of pocket or that exceeds their insurance deductible. Smacks of living outside your means if your disposable income is that tight after such expenses.

fiatlux

Software engineers make serious bank. At a FANG company, total comp for just one is easily 400K after a few years of work experience. New college grads are getting at least $250K a year in total comp. A DINK couple can be sniffing close to $1M in combined annual income by the time they hit 30.

Carnage719

That's just one segment of industry, and income ranges are affected by regions. But yes, a lot of people make a lot of money and often spend in excess of what they make with little invested or in savings. I'm not judging or telling anyone how to handle their finances, my inquiry was seeking additional understanding.

Tesla1856

If they are young, my guess would be that the cars likely belong to their parents. Easy to borrow since they live at home with them. Either that or they are "gift" from their parents that are bank-rolling the life-style that they are used to and entitled to.

Kense

You really never know peoples situations. Some of those people who “look” young could be in their 30s and making mid six figures. Especially in my area the SF Bay Area, lots of young tech people making $300-$500k . When you’re making $30-$40k a month a car payment isn’t really anything.

sonyfever

F8x BMW M3/4 had good residual values at ~60%. BMW tends to offer some hidden discounts (corporate discount, UDE discount, etc) and MSD to further lower monthly cost. So a civic M3 with only a few options can easily be had within $800 per month. The RV of M3/4 are actually pretty accurate. So in BMW world, leasing a M car makes some senses because of you get a lot of bang for the extra bucks, due to higher RV on M cars.

In comparison, the RV from Acura seems to be consistently in the low 50% range. Acura has been doing ok with non-competitive lease, because most people don't lease an Acura. And the price ifference is usually not as bad as what you are seeing now with TLX.

Just realized that this thread has been getting off topic, so let me just say that I hope Acura learn from BMW and offer better RV for Type-S. Maybe someone can check the lease on CTR to see if that is a possibility.

JR_Rider

Where have you read that even the Type-S won't have an around view camera? That's a deal breaker for me. I can live without the power folding side mirrors and heads up display but around view cameras have been on cars for almost 10 model years now and are even sold on 35K Mazdas. That's would be extremely disappointing and would stop me from trading in my 2018 TLX Type-S for it. If that's the case I'll probably just get an Audi S5 Sportback.

Tesla1856

1. Acura Press Release - Feature Matrix
https://acuranews.com/en-US/releases...late-september

I'm not sure, but I think it's because it is not planned to have Power-Folding Mirrors either, and those advanced mirrors are the only ones with the hidden surround cameras.

2. Exactly. So, we are again buying a new car and still don't get it? That's the only reason I start considering Audi and others ... just being realistic.

Legend2TL

Not that high, vast majority of new college S/W engineers total compensation (not including healthcare cost) is $100-$150k. My youngest daughter graduated RIT last year and heard what many of classmates were getting.
A couple former colleagues are at Facebook (one has already left), they are senior staff (with 25-30 years of experience) and were at ~$250k not including options.
The extremely important thing of stock options are the strike price, and what the company offers them at whether they're ISO or NQ stock options.

fiatlux

FYI they don't get stock options, most of the big tech companies offer RSUs. No need to worry about a strike price, it's literally shares being granted to you as soon as they vest.

And yes, NCG comp at FANG companies are that high (keyword, FANG). I have plenty of engineers on my team that were making that fresh out of school. For a relatively average eng, you can expect about $130K in base comp, 20% annual bonus, an initial grant of $200K vested over 4 years, and an annual refresher of about $100K vested over 4 years. 130 + 26 + 200/4 + 100 is well over 300K and that's before you factor in other stuff like 401k matching, various perks like free gym, all sorts of reimbursements, etc.

Legend2TL

kinda amazing when you see how well some people live then see how little savings they have.

Living large, it's the American way for some. I try to instill to my daughters to let your investments work for you, deferred enjoyment is a great example of that.

Legend2TL

They do both, depends where you work. Both colleagues at FB got ISO SO, one of which never vested when he left for another startup. I've had stock options at four companies (NV and ISO). A former colleague at Microchip told me how they went from SO to RSU, there's pro's and con's to both.

fiatlux

I was referring to FB since that's the example you brought up. Do they still do ISO? Every FB employee I know has been getting RSU's for the past 5 years. Regardless, equity is equity, and the value of said equity is worth quite a bit even if it can't be exercised just yet.

Legend2TL

I don't believe you because you frequently post alot of and information on these forums and I've gotten actual new hire S/W engineer positions that my daughter and her classmate's had in San Diego and Northern California.

and I know people who work at Apple, Facebook, Microsoft, Cisco, Google, Intel and other tech firms. Alot of information is fairly restricted
I had a Google job offer in 2010, as a senior OTN/SDN engineer it was a good offer but it was also Palo Alto so COL is also a factor and Google expect ALOT of work out of their employees.

The one company I can truly say does pay very well is cyber engineering Splunk who had a median salary of $256k in 2018. Another former colleague is there and love the company and work environment.

https://www.bizjournals.com/sanjose/...splk-intc.html

Cyber is a very good place to work in, I highly recommend it.

Legend2TL

It's also the amount, Microchip didn't give out as many RSU and SO so gotta consider the whole senario.

In terms of Facebook, both said ISO in the early to mid 2010's. Both were senior staff member and SME's.
Although I just checked and some random SO site said FB went to RSU in 2007.

https://mystockoptions.typepad.com/b...t-reveals.html

fiatlux

I don't really care if you believe me or not, but here's some actual data for other people who do actually want to know.

https://www.levels.fyi/company/Faceb...e-Engineer/E3/
https://www.levels.fyi/company/Googl...e-Engineer/L3/

Keep in mind these numbers don't even include the initial stock grant from the sign-on, and they divide the refreshers by 1/4 (which doesn't make much sense to do because by year 4, you'll be vest 4 of those quarter grants which makes for 1 entire refresher grant)

I call BS on you because if you actually knew people at these places, you'd know what they're making and what competitive offers look like. Compensation information is very much in the open thanks to things like levels.fyi or glassdoor or blind, or even your own experience. I take it you've never gotten an offer from these type of companies, or work at one and have access to compensation information of your reports? Want me to share my offer letters from these companies that I've gotten over the last decade? Actually, probably a waste of time, you'll just say it's BS because it doesn't line up with your view of things.

fiatlux

My FB offer was in 2015 and it most definitely was RSUs, so it's been like that since at least the mid 2010s. It's a shame I didn't take the offer; at the time the stock price was in the 80s. That $1M grant would be worth $3.5M today...

Legend2TL

Yet the website you listed shows this to be off by ~$72k.

From your link, https://www.levels.fyi/company/Faceb...e-Engineer/E3/

Facebook Average Total Compensation $178,208
Google Average Total Compensation $188,271

this is why I call on you. Your own linked data shows you're wrong.

fiatlux

I explained why, if you can't read. They did not include the initial sign-on equity grant, which is usually at least $200K for NCGs. Split over the four years, and that's at least $50K extra per year that you receive in liquid equity. That's real money that you get, and is a huge part of the total compensation package.

I said:
You'd have to be a fool to think the initial grant + refresher is only on the order of a few tens of thousands.

Who's spouting out BS now?

Legend2TL

Both my former colleagues said FB is a hard place to work from a work/lifestyle point of view. I worked with both of them separately at SAN and networking companies, and both were smart and very dedicated so I don't doubt them

fiatlux

Just admit it, you can't fathom that you're not making that kind of money, and are just telling yourself that it's not real and not what people are getting. And that's fine, tell yourself whatever you want to help you sleep better at night, but that doesn't make it any less real.

fiatlux

Maybe depends on the team. It probably sucks for anyone who works in SRE, but that's true with many companies, and for everyone else the work-life balance seems to be pretty good from what I've heard from a lot of folks I know who work there, and they have some really great perks, especially for parents. Four months of fully paid paternity leave, $3K extra for childcare expenses, etc.

Frankly they can't afford to have a bad work-life balance because there are other companies willing to pay just as much with good conditions. Anyone who says it's too hard there is either on a bad team, or probably not cut out to be there much longer. You have two former colleagues that you pulled information from...I have two dozen that are currently at Facebook, not even counting those who used to work there.