Is Acura lease flexible?

[erdos]

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?

 

[Earle Horton]

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?

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

 

[tww1491]

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?

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.

 

[Tegger]

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.

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...

 

[Earle Horton]

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).

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