I have a 2003 Acura RSX Type-S they said they would give me 5,700 for.
My question is:
The G37 I am looking to buy is 39,000 and I want to lease it. With my trade in that is paid off do you think I can get it for say 379 or 399 a month??? With my credit I can always get the best deals. Does anyone know or have est.
-J.B.

 

I think you can get it way lower than that depending how much your RSX is currently worth. I say you should sell it to Carmax to get the best value for it, and take that cash to the dealer.

 

car max is way to strict and from my experiences with them they can go to the hot place they call h***. Anywho I really need my payments to be between 350-400. I am just hoping they will get me deal in this range with this kind of money down. Really do not have time until this weekend to go in so I will trying to see if anyone else has put this much down into a lease. Thnks The1
-J.B.

 

The thing is, I would'nt put that much $$$ down on a lease since that money could be at risk. I would really consider selling the car private party or to a dealer that's willing to give you a good price for it, and just put enough down to get the payments to what you want.

 

what do you mean by the money being at risk...????
Thanks for helping...
-J.B.

 

I honestly forgot how to explain it. It was on a previous thread I can't find right now. The thing with a lease is, the money you put down is at risk since you're just going to be turning in the car when your lease is up, meaning you won't be able to get back any value in return, unlike when you finance car, if you put down a large down payment, you might still be able to get that value back if you decide to sell your car.

 

Ok got ya. I saw where a guy on these fourms got a g37 for 2500 down 373 a month for 36 months with 10k miles. I dont see why I could not get it lower with 5,700 down. This sounds about right for me except I would want 15k miles. I am located here in houston and someone told me houston is a bad place to buy new cars.
-J.B.

 

Sell the car privately, keep the cash and invest it.

 

I did some number crunching on the G37 leases and the the 24mo lease is better than the 36mo lease at the moment. You can get in the high-300s range if you put enough to reduce your cap cost. Just remember that there are 2 ways you can lower the payments, either you have the dealer lower your selling price or you put money down to lower it yourself.

 

Texas changes taxes on the entire price of the car. So you will probably blow a good chunk of your RSX's value on taxes. Personally, i think your best bet to get high 300s is to go with a base G37. You will probably blow about 1/2 of your trade-in. If you opt for a Journey + options, will be spending more than that, maybe all.
Carmax does NOT give you the best trade-in value based on my personal experience, any dealer can easily match their offer.

 

I think you can drive down the monthly payment by throwing in a security deposit. You'll get that money back by the end of the lease. The trade off is that your money will not have the same purchasing power when you get it back at the end of the lease. Personally, that's a good option if you're really looking for a low monthly payment.

 

I have friends at Houston dealerships and it's true; Texas will tax you 6.25% for the adjusted cap cost in full for a lease. If your initial cap cost is $39k and your trade value is $5.7k, you will be taxed on $33.3k.