Iowa Acura Car Dealers

Is the advertised deal below a good one. 0 down, 0 due, 0 sd, 0 across and $450 for 35 months. If not, why and what do you think can be negotiated. 2010 TL Regional Featured Special Lease - Zero Due at Lease Signing $0 down payment, $0 security deposit, $0 first month's payment, $0 due at lease signing Excludes taxes, titles and fees. $450.00 a month for 35 months thereafter. For well-qualified buyers. Offer only available to residents of the following states: AL, AK, AZ, CT, DE, FL, GA, HI, IA, ID, IL, IN, MA, ME, MI, MN, ND, NJ, NM, NV, NY, OH, PA, RI, SD, UT & WY.� FEATURED SPECIAL LEASE: Closed-end lease for 2010 TL 5 Speed Automatic (Model UA8F2AJW) for $450.00 per month for 36 months with $0 capitalized cost reduction available to customers who qualify for the Acura Financial Services Super Preferred or Preferred credit tier. Other rates/tiers are available under this offer. $0.00 due at lease signing ($0 first month's payment, $0 capitalized cost reduction and $0 security deposit; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify. $0 due at lease signing offer requires dealer contribution, which could affect final negotiated transaction. Subject to limited availability. From July 7, 2010 through September 7, 2010, to approved lessees by Acura Financial Services. Closed end lease for 2010 TL 5 Speed Automatic (Model UA8F2AJW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $35,965.00 (includes destination). Net capitalized cost $34,720.74. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $15,750.00. Option to purchase at lease end $21,219.35. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details.

vchad- yeah, exactly. i have given some dealers and same story - I tell thema bout my car search from last year, tell them the quotes I rec'd, then ask how they can ask so much for it used. the usual statement is that there were "incentives" back then that they don't have now and that they are "too deep into" these new ones...blah blah..so they basically claim that they sold them cheap, but had to buy them back at a high price... it's all BS if you ask me. they just know that there are dumb buyers who will pay what they want and they can take advantage of them. i'm torn between just leasing or buying used. I had kind of wanted to grab a used 08. this is going to be our second household car - i'll use it to DD to work, and we will use it as backup to our MDX. i was planning on buying one with super low miles, like 10-15k and then jus thang onto it until it's paid off and then some. but if they are asking so much for them, it makes less and less sense to buy a used one. buying a used TL CPO for $28k seems like less of a good deal than if it was 23-24k.... when you crunch out the numbers.... leasing vs buying...the lease can actually come out bettter. i' taking into account that on the purchase, I'll hae the car for say 6-7 years..and I figure in what I willlikely have to spend to maintain / upkeep the car and also I have tried to calculate a reasonalbe net value once the car is paid off and I want to sell it - to take into consideration that I can recoup money by selling it. figure you buy a CPO 08 TL base w/nav and get them down to $27k. that might be doable. sounds like a high price to me, ,but let's say I buy that. say I put down $5000 and finance the rest for 60 months. loan calcs say that I pay $470/month for the next 60 months to buy this TL. total payments, incuding my $5k down = I'm spending roughly $33,000 total. but then if you figure i drive it 10-15k/year...at the end of my 5 year loan, I've added 50-75k on it. so if it had 15k when I buy it, ,then the car has 65k - 80k when paid off. so it should run easily another 2-3 years trouble free?? so I get 2-3 years of no payments, but do have to do repairs. i'm guessing there will be at least one brake job in there, timing belt toward the 100k point, couple sets of tires, and othe rmisc little "problems' that will be non warranty items that will require repair visits...lets say for the sake of argument that all this upkeeep adds up to 3-4k over the life of ownershp..maybe 5k if i'm unlucky? at the point when ia am totally sick of the car after driiving it for 8 years and I go to sell it, the car will be rouhgly 10 MY old...with 120k miles..i am guesstimating it will e worth maybe $5000. so you wash out the costs of upkeep by selling it..and in the end it cost me jus hte monthly payments.. which would be $33k over 8 years. if i could drive it that long. assuming I got sick of it and sold it in 6 years, i might make a couple grand more off the sale...and pocket a bit more in "net" value on the car at the end.. $33,000 / 8 yrs = $350/month. so the net overall cost of tha tcar is 350/month assuming I keep it 8 years. $33000 / 6 years (add $2k in resale value) = $430/month. to lease a new TL is going to be *roughly* 3000 down and 450month tax included. so total cost over 36 months is 450x 36 +3000 = $19200 for 36 months. to compare to the six year ownershp scenario, just double the lease and you get 6 year lease costs of 19200 x 2 = 38400. that's $533/month. so it's still mmore expensive to lease than to buy.. by maybe 75/month. then you factor in the intangibles, like would you raather have a new car every three years vs same one for 6 yrs... etc etc. if i could get them to budge on the pricing of the 08 and get it closer to or udner $25k it makes the buy numbers even sweeter... i could live with an 08, but as the numbers get too close, the natural urge is to say screw it and go for the newer car if the costs are not too mjch more.. am i totally screwing my analysis up? vchad - what do you think?

Good information from everyone.... I have a line in on a 2008 RDX w/ tech *demo* in the chicagoland area. What type of discounts would you expect for a "demo" model, driven by the sales manager(s)? From reading on this thread, I see that there have been a few deals in the 30,XXX range. For a demo with 3K to 5K on the odo, I'm looking for them to knock off an additional 2K. Am I crazy? If so...good...it gives me a reference point. Also, the previously-offered Acura incentives have been extended on 2008 RDXs...per my dealers word... thanks!

contacted all the dealers in MN and some in WI, 1 in IA and 1 in NE. The best is 44,800 + tax(6.5%) + registration + doc. fee = 48,454. My requirements were specific which might have been a factor. I wanted the vehicle build date to be June 2007 (see a post above which indicates this - also see http://www.iihs.org/ratings/head_restraints/headrestraints.aspx?acura ). MDX built in June now comes with updated headrests to rectify this problem, apparently. I had given only two choices of colors aspen pearl white/parchment or grey/ebony. Anyway, I have proceeded with it and taking delivery tomorrow. Forgot to add something - the price is for a sport+ent MDX

Hi Car Man and any others who can help: I've been negotiating on a black Acura MDX Touring with extra options of cargo cover and chrome steps (no nav or DVD). Invoice was originally $35Ksomething, that one sold, this one has added chrome steps and cargo cover, so I'm estimating it at $36K-37K? The cap cost seems really good, better than Edmunds TMV and has those extra options, but money factor is high (compared to Toyota, who is offering .0018 on 2007 4Runner). Option 1 via Honda Financing: Cap Cost $32,582 Residual $18,795 Money factor .0031 (I see you stated Honda's is .0028 in Oct, has it changed for Nov.?) 36 months/12K mileage $599/mo $1493 down (1st mo, $250 documents fee, 15.50 $595 bank fee - is that legit on Honda Finance?) Has a $1500 damage waiver upon return and no disposition fee upon return Option 2 v ia US Bank: Another dealer quoted me a money factor of .00224, so I negotiated that w/this dealer, however, it would be US Bank, not Honda Finance. Dealer claims that the banks are much more stringent about damage upon return? Same cap cost, residual, money down, monthly term and mileage as Option 1 Difference is a .00224 money factor and $570.80 per month However, there is no damage waiver, $395 disposition fee (vs. 0 above) and $350 fee if I want to buy it at lease end. Questions: 1. Am I on the right track for a good deal? 2. Have you heard that the lease return via a bank lease vs. car manufacturer lease are tougher, specifically Acura? 3. Would you recommend one of the options over the other? 4. Do they still have that $3K dealer cash back offer and should I have them deduct that from the $32,582 cost ($29,582 seems unrealistic? It seems like there aren't many 2006s left and no deals to be had on 07 due to lack of inventory? Thanks much - this forum is terrific and has been helpful. K