Illinois Acura Car Dealers

I'd strongly consider getting at least 12, 000 miles per year in your lease deal. Any less and you will pay big time for overages.. You should get this done for around $375 monthly

Destination charge is part of the invoice of the vehicle and is not negotiable. You may get them down a similar amount to the destination charge but it, in itself, is not negotiable. PF, never heard it called that before, or dealer fee is different in nearly every state. Some states, by law, limit the amount a dealer can charge. In IL it is around $152 and all dealers will charge that amount and will not negotiate or remove it. Again, you may negotiate that same amount off the price of the car but the "dealer fee" will still be on your bill of sale. In some states the dealer fee is a large amount like you describe and I can imagine it may be negotiable if there is no statute that limits it or something similar to that.

I can answer your questions and also (hopefully) clear up the confusion associated with IL lease tax. AFS, able to refinance your lease, but only as a used car. Once a vehicle is titled, it must be refinanced as a "used" or "certified used" vehicle. There is no way around this. AFS, is chartered as an "indirect lender", meaning they cannot finance your loan directly, like a bank. You would need to see your dealer, complete a credit application and be approved again. For explanation sake, AFS, cannot approve a loan or sum of money to an individual, their charter only allows them to purchase a financial contract (on your behalf) from the dealership. Hope that helps. My suggestion would be to shop around for the best rate and term that suits your needs. Explore both AFS (through your dealership) and your bank or credit union. You pick the best deal. The good news is, your price point is set. Your vehicle's residual value is on your contract and neither the dealer, bank or AFS can deviate from that and with Acura resale values, it is usually a pretty good deal. Try comparing your resale value to the asking price of vehicles in the paper that match your year, make and model. Then smile! You will need to pay sales tax in IL. The sales tax will be included in your lease payoff. You will not be "double taxed". Sales tax on a leased vehicle is paid based on the cost of the lease, not the MSRP of the vehicle. If your lease payment (for ease of math) is $100 per month for 36 months, than you pay sales tax on the $100 x 36 = $3,600 cost of the lease. Then, when you purchase the vehicle at lease maturity, you pay sales tax on the purchase price (residual value) of the car. So yes, you pay taxes twice, but you no you are not double taxed. In regard to AFS not be "willing" to allow a leasee to sell the leased vehicle to a third party, it's not a question of being willing. They are not able to by law. The finance company does have and cannot obtain a dealer license, which is required by law, to sell vehicles that they do not privately own and operate. In most cases, finance companies would love for leasees to sell their vehicles, it would cut out a lot of the costs associated with lease turn in, reconditioning and resale. The finance company is only permitted to sell the vehicle to party on the existing contract. Hope that helps with a few things. If you have questions, feel free to discuss with your finance company. They're all fighting for market share and customer service and is sought after like you couldn't imagine, in this industry. Dealerships haggle, but the finance companies deal in volume and will lay out any option available (few due to laws) to you. I forgot to address the question regarding lease payoff and IL tax credit. Your payoff cannot be quoted online for a future date in IL, because of how the taxes were accessed when you leased the vehicle. You paid the sales tax for the entire lease "upfront". If you payoff the lease early, you are credited the difference of the tax paid on the portion of the lease that you didn't pay, because you bought the car. Yes, you will still pay tax on the higher payoff ( your payoff will be higher than the residual because not all of the lease payments are made if you buy it before the lease matures) but that's IL. And just in case you're wondering, the residual value of the vehicle is the predicted value of you vehicle at the lease maturity. The finance companies have to guestimate this value and stick with it...they're pretty good at it. This is why vehicles with high resale values have attractive lease payments. The payments are determined by the depreciation amount over the time you want to lease the vehicle.

This state really jams it too you. When you lease, you pay all the sales taxes just like a regular purchase! All up front rolled into the deal It gets even better. When you purchase at lease end>>guess what, they tax you on that purchase price. So you have two seperate sales tax payouts! The old double taxation trick. In hindsight you would have been better off buying outright but then we are all smarter after the fact. I have not heard of the rebate you mention on early terminations. Doubt that it would add up to much for just 5 months. Honda does not help you if for example you wanted to have a friend (third Party) buy the car as HFC will only title the sale to you. I'd love to hear how you make out as I have a lease closing out in July with AHFC in Illinois.

Bought a 2010 Certified TL on Thursday for $27,750 in Naperville, IL with 11k miles on it. Previously had a 2003 Accord that I got 160,000 miles off of. So far love most everything about the car.