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2015 Acura MDX Lease Questions

steverstever Viva Las CrucesPosts: 40,817
edited July 11 in Acura
Need help evaluating your proposed Acura MDX lease? Please gather the information below and include in your post:

1. Make, Model, Trim, Body Style (Mazda 3i Touring 4-door, Audi A4 Premium).

2. State (MF and residuals may vary by region)

3. MSRP

4. Negotiated Selling Price or Net Cap Cost

5. Lease Term and Miles per Year

6. How much money is due at signing and breakdown of same (taxes, fees, down payment, etc.)

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Comments

  • bdragon007bdragon007 Posts: 7

    Hello, does any one know the MF for 2015 yet?

  • MichaellMichaell ColoradoPosts: 5,579

    @bdragon007 said: Hello, does any one know the MF for 2015 yet?

    New numbers are out today .. hopefully we'll have them soon.

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  • bdragon007bdragon007 Posts: 7

    Thank you!

  • kyfdxkyfdx Posts: 29,161

    @bdragon007 said: Hello, does any one know the MF for 2015 yet?

    .00164

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  • bdragon007bdragon007 Posts: 7

    @Michaell said:

    Thank you Michaell, I appreciate the help, that made me feel a bit better.

    It was never my intention to get the Advance Package, we came in looking for the 2015 AWD Tech pack and was quoted $626/month tax included with $2000 out of pocket. It went to $642 when we want to add the running board and then my wife start to get light headed and want the Entertainment package which came out to be $681. But of course they didn't have the color she wants, so they gave us the deal on the 2014 Advance which had the color she wants as a last ditch effort instead of let us walk out.

    So in the end, it end up costing me a $120 more a month for the Advance package and the clear bra (which was on the car already), but I think it's a descend deal considering it more the $7000 increase from the Tech to Advance....

  • MichaellMichaell ColoradoPosts: 5,579

    @bdragon007 said: So in the end, it end up costing me a $120 more a month for the Advance package and the clear bra (which was on the car already), but I think it's a descend deal considering it more the $7000 increase from the Tech to Advance....

    What's that saying? Oh yeah .. "happy wife, happy life".

    Take a moment and use the link in my signature block to write up a review on your new Acura.

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  • fredomaticofredomatico Posts: 2

    Hi Everyone, I hope you are doing well! I am considering leasing a 2014 or 2015 MDX Tech FWD with the intention of negotiating the purchase after 3 years. I'm considering this based on lower monthly payments then the ability to negotiate the purchase when used. Is this a proven approach to reduce costs or a risky exercise? Thanks!

  • kyfdxkyfdx Posts: 29,161

    @fredomatico said: Hi Everyone, I hope you are doing well! I am considering leasing a 2014 or 2015 MDX Tech FWD with the intention of negotiating the purchase after 3 years. I'm considering this based on lower monthly payments then the ability to negotiate the purchase when used. Is this a proven approach to reduce costs or a risky exercise? Thanks!

    In general, Acura Finance isn't going to negotiate the residual at the end of the lease. If your intention is to own the vehicle, leasing first will just add expenses that you wouldn't otherwise have..

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  • fredomaticofredomatico Posts: 2

    Thanks kyfdx. Admittedly I don't understand enough of the expense differences between leasing and financing. From what I've read on other forums, the lower monthly lease payments plus purchasing the vehicle at its residual value can be less than financing outright. The benefit may only be in being able to negotiate a lower purchase price which you know Acura won't move on. If I go over my annual millage, I have been informed by Acura, no penalty is incurred if I decide to purchase the lease. Does this sound right or am I being mislead? Thanks!

  • kyfdxkyfdx Posts: 29,161

    @fredomatico said: Thanks kyfdx. Admittedly I don't understand enough of the expense differences between leasing and financing. From what I've read on other forums, the lower monthly lease payments plus purchasing the vehicle at its residual value can be less than financing outright. The benefit may only be in being able to negotiate a lower purchase price which you know Acura won't move on. If I go over my annual millage, I have been informed by Acura, no penalty is incurred if I decide to purchase the lease. Does this sound right or am I being mislead? Thanks!

    If there are large incentives to lease... or, the money factor is a lot lower than comparable financing, then leasing can be cheaper.. but, neither of those are applicable to the current MDX lease program.

    But, it is true... that if you go over your miles, but exercise the purchase option, then you don't owe any over-mileage charges.. However, if you do exceed your mileage allowance, it sure limits your options at lease-end, from a financial standpoint. It's not a good plan.

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  • dinnyindinnyin Posts: 2

    For eval: 1. 2015 base+SH-AWD 2. CA 3. MSRP: $45,460 4. Negotiated Selling Price or Net Cap Cost: don't know 5. $550/month total, 3 years, 10k/mi/year (which is more than enough for us) 6. $1,500 down

    We wIll return (or sell if there's profit in it), not going to buy and keep at the end.

  • craig1212craig1212 Posts: 17
    edited August 10

    Hi all, I'm in the NY/ NJ area and have been told that leasing through AFS is approx $60 more per mo on a lease than going through a local credit union. This was not the case 3 years ago with my '11 mdx. Has anyone else heard this?

    deal is 2015 mdx tech pkg with running boards 7500 mile/yr. $565/ mo, 39 months with $770 down ( includes 1st mo & reg) .

    Thanks!

  • kyfdxkyfdx Posts: 29,161

    @dinnyin said: For eval: 1. 2015 base+SH-AWD 2. CA 3. MSRP: $45,460 4. Negotiated Selling Price or Net Cap Cost: don't know 5. $550/month total, 3 years, 10k/mi/year (which is more than enough for us) 6. $1,500 down

    We wIll return (or sell if there's profit in it), not going to buy and keep at the end.

    If the $1500 covers the 1st payment, acq.fee and title/registration/doc fees, then given the MF of .00164 and 65% residual, that equates to a selling price of $2000 off MSRP ($506/mo.+tax).

    If $2000 off MSRP works for you, then it's a fair deal.

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  • kyfdxkyfdx Posts: 29,161

    @craig1212 said: Hi all, I'm in the NY/ NJ area and have been told that leasing through AFS is approx $60 more per mo on a lease than going through a local credit union. This was not the case 3 years ago with my '11 mdx. Has anyone else heard this?

    deal is 2015 mdx tech pkg with running boards 7500 mile/yr. $565/ mo, 39 months with $770 down ( includes 1st mo & reg) .

    Thanks!

    What incentive does the credit union have at lease end to not screw you? At lease Acura's captive finance arm has a vested interest in keeping you as a customer.

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  • rferraro21rferraro21 Posts: 21

    Hello, could I please have the current mf and residual for the mdx with entertainment package, 36 month 12k miles, Florida. Thank you

  • kyfdxkyfdx Posts: 29,161

    @rferraro21 said: Hello, could I please have the current mf and residual for the mdx with entertainment package, 36 month 12k miles, Florida. Thank you

    2WD? .00164 MF and 62% residual

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  • drvgopaldrvgopal Posts: 1

    Hi! We are in the market for a 2014/2015 Acura MDX 4WD with Tech Package. We are located in Kentucky. We are looking to lease at 15k miles and 36 months. What is the MF and Residual for Kentucky/Ohio for this model of MDX?

  • kyfdxkyfdx Posts: 29,161

    @drvgopal said: Hi! We are in the market for a 2014/2015 Acura MDX 4WD with Tech Package. We are located in Kentucky. We are looking to lease at 15k miles and 36 months. What is the MF and Residual for Kentucky/Ohio for this model of MDX?

    2014: .00103 MF and 55% residual

    2015: .00164 MF and 61% residual

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  • 40yearfan40yearfan Posts: 97

    Arizona - FWD 2015 Acura MDX with Tech Package - 12,000 miles and 36 months - money factor and residual?

  • kyfdxkyfdx Posts: 29,161

    @40yearfan said: Arizona - FWD 2015 Acura MDX with Tech Package - 12,000 miles and 36 months - money factor and residual?

    .00164 MF and 63% residual

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  • 40yearfan40yearfan Posts: 97

    @kyfdx said: .00164 MF and 63% residual

    Thanks. That is a great residual number.

  • steverstever Viva Las CrucesPosts: 40,817
    edited August 12

    @40yearfan, Acura is known for good resale values. You've researched leasing a lot - is 63% the highest you've seen for 3 years?

    Honda, Acura Earn Top Honors from Edmunds.com's 2014 Best Retained Value Awards

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  • 40yearfan40yearfan Posts: 97

    @stever said: 40yearfan, Acura is known for good resale values. You've researched leasing a lot - is 63% the highest you've seen for 3 years?

    By far. The closest I've gotten to that figure is 60%. I've been looking at the Buick Enclave, the Infiniti QX60, and the Acura MDX. The MDX has the best residual value, but the Infiniti and the Buick both have lower money factors. It's a real toss-up.

  • steverstever Viva Las CrucesPosts: 40,817
    edited August 12

    Heh, they'll get you one way or the other. :D

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  • pukimon311pukimon311 North CarolinaPosts: 21
    edited August 12

    I am going to my local Acura dealer tomorrow for test drive and negotiate selling price. On the phone today, sales rep gave me MF 0.000164 and RV 64% for 2015 AWD w/ Tech Package, 36 mos/10K ,MSRP $49,735. Is the RV correct? Also, is it possible to get 10% off MSRP?

  • kyfdxkyfdx Posts: 29,161

    @pukimon311 said: I am going to my local Acura dealer tomorrow for test drive and negotiate selling price. On the phone today, sales rep gave me MF 0.000164 and RV 64% for 2015 AWD w/ Tech Package, 36 mos/10K ,MSRP $49,735. Is the RV correct? Also, is it possible to get 10% off MSRP?

    Yes..those numbers are correct. 10% off MSRP on a 2015? Seems unlikely.

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  • pukimon311pukimon311 North CarolinaPosts: 21

    I appreciate it, kyfdx.

  • mistertoomistertoo Posts: 6

    I am looking to lease either a 2014 or 2015 Tech w/ AWD in NJ. What are the MF and Residuals here for 15k/year and 36 months. Thank you.

  • kyfdxkyfdx Posts: 29,161

    @mistertoo said: I am looking to lease either a 2014 or 2015 Tech w/ AWD in NJ. What are the MF and Residuals here for 15k/year and 36 months. Thank you.

    2014: .00103 MF and 55% residual

    2015: .00164 MF and 61% residual

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