anyone leasing their R in here? what is the terms and how much?

 

I'm leasing my 2001 Type R right now. My lease was for 3 years and I leased it with no money down. My payments are 418 a month and the residual is 14,534. I love this car so much that I will purchase it after me and my squad get back from our 6 month deployment in June of next year. The mileage Acura gave was low, only 13,000 a year, lucky for me I'm buying it because I'm way over. Basic mods are OK but the dealer said I could'nt crack open the engine - basic bolt on's only and no forced induction. Since I'm going to purchase the car a total Toda Spec B cam and ECU package from Godspeed Motorsports will be going in as will a Toda header, Toda flywheel and clutch, Endyn carbon intake, Spoon TB, Portflow worked cylinder head, Carsounds cat, Spoon cat back exausht, and maybe a Spoon reworked trans. I'm just playing around with components right now but that's the game plan for after deployment. If you have any more questions about the lease - just ask, I'd be more than happy to answer your questions

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by b18c5dc2 &raquo;</TD></TR><TR><TD CLASS="quote"> My payments are 418 a month </TD></TR></TABLE>


great googally moogaly that is a lot to pay a month for a honda.

 

Like I said, no money down. I was amazed they let me do it with no money down. Between my 3 years of 418 a month (15,048) and paying the residual I'm still coming out at under 30 grand. That seems a pretty good deal for a 24,000 dollar car and plus it's a Type R for crying out loud.

 

pardon me, but is that a good residual value?

 

The way it was explained to me by the finance guy at the dealer was like this. The Type R has a high resale value, thats why the residual is high. To give an example, I was going to lease a GT Mustang before I did the Type R. My friend beged me to look at it, I did'nt even know what a Type R was. All I have to say is that it was love at first sight. On a 3 year lease my payments on the GT would have been 575 a month but the residual was only about 9 grand. The Ford guy said the GT depreciates big time after 3 years, thats why my monthly payments would have been so high because the car would'nt have sold for much on the used car lot. The Type R on the other hand has a high resale value and that's why my monthly payments are not that bad but the car has a high residual. Acura knows it can put that car on the lot and sell it for a good bit of money. I guess it makes sense. Mustang depreciates big time so they have to get the money out of the person leasing the car. Type R does not depreciate that bad so the consumer gets to drive a bad *** car for the lease period with reasonable monthly payments and when Acura gets the car back after 3 years they can sell it and make a decent profit.