Is Acura lease flexible?

Discussion in 'General Motoring' started by erdos, May 3, 2007.

  1. erdos

    erdos Guest

    From acrua.com:

    2007 TL Featured Special Lease
    $369.00 per month for 36 months. $1,999.00 dn

    Is that set in stone or can I apply a larger down payment to get a
    lower note? If so, how do I adjust the note to reflect a larger down
    payment?
     
    erdos, May 3, 2007
    #1
  2. erdos

    Earle Horton Guest

    You can negotiate a lower price with the dealer if you want. You're not
    really "leasing" the car. You're buying it, selling it to a bank, and then
    renting it back. Dealer markup is part of all that, and if they want the
    sale enough they can shave off some profit.

    To answer your question, if you choose not to negotiate on the price you can
    always offer the dealer finance person a larger down payment and he will
    adjust the payments for you.

    Earle
     
    Earle Horton, May 4, 2007
    #2
  3. erdos

    tww1491 Guest

    You might want to check the allowed miles on that lease. I recollect it is
    10k per year with something like 20c per mile over.
     
    tww1491, May 4, 2007
    #3
  4. erdos

    Tegger Guest



    Are you sure?

    With a lease, I thought the dealer sold the car to the lessor (the finance
    company), who then turned around and loaned the car to the lessee (you).

    As to the OP, all the dealer cares about is moving a car off his lot and
    getting it off his books. He will be open to ANYthing, provided the market
    is right...
     
    Tegger, May 4, 2007
    #4
  5. erdos

    Earle Horton Guest

    It's the same. I like to say that you "buy" the car, because the dealer
    retains title until you decide you want it. Then the leasing company steps
    in and buys it from you, so you can pay the dealer. Or they buy it from the
    dealer, so they can rent it to you. Either way the bank winds up with the
    title and you wind up with the payments. You get to decide the purchase
    price, as in all car sales, so you might as well say that you are buying it.
    If you think that way, then you will realize your right to negotiate.

    People see a lease deal like the one above and assume that it is carved in
    stone. Of course it is not.

    Earle
     
    Earle Horton, May 4, 2007
    #5
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