Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

2016 Acura MDX Lease Questions

1568101127

Comments

  • millermillermillermiller Member Posts: 2
    Looking for the new MF/Residual for 12K/36mo FWD Tech in NW Florida (zip 3245). Much thanks in advance!
  • MichaellMichaell Moderator Posts: 241,012

    Looking for the new MF/Residual for 12K/36mo FWD Tech in NW Florida (zip 3245). Much thanks in advance!

    59% and .00063

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • satpabbsatpabb Member Posts: 12
    Can someone comment on my quote on whether that's a good deal or not. Appreciate your help. Also need help on MF, residual for AWD w Tech, Base w Tech at 12k miles in SF Bay Area 
  • hydro13hydro13 Member Posts: 76
    What is the current MF and RV on a Acura MDX Advanced for 36/12 in MA?
  • MichaellMichaell Moderator Posts: 241,012
    satpabb said:

    I am checking to see whether this is a good deal or not. I live in Bay area and here is the quote I got.

    ACURA MDX SH-AWD With TECHNOLOGY PKG

    Vehicle MSRP $50,210.00 (Includes $920 destination charge)
    Invoice Price $47,117.00

    Selling Price $46,000.00
    Acquisition Fee $595.00 (already rolled into lease)
    ------------------------------
    Cap Cost $46,595.00

    With $0 down and only first months payment ($568.79), tax & title fees ($556.35) of $1,125.14 total out of pocket
    36 months at 12,000 miles per year = $519.44 plus tax ($568.79 including tax)
    Residual Value $29,623.90 (59% of MSRP)
    MF .00063

    ACURA MDX SH-AWD With TECHNOLOGY and ENTERTAINMENT PKG

    Vehicle MSRP $52,210.00 (Includes $920 destination charge)
    Invoice Price $48,974.00

    Selling Price $48,274.00
    Acquisition Fee $595.00 (already rolled into lease)
    ------------------------------
    Cap Cost $48,869.00

    With $0 down and only first months payment ($604.44), tax & title fees ($570.35) of $1,174.79 total out of pocket
    36 months at 12,000 miles per year = $552.00 plus tax ($604.44 including tax)
    Residual Value $30,803.90 (59% of MSRP)
    MF .00063

    My calculations are the same as the dealers ...

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell Moderator Posts: 241,012
    satpabb said:

    What is the MF, Residual value for BAY AREA for AWD W/Tech, BASE W/Tech for 12k miles, 10k miles 3yr lease

    Base - .00095 and 61% / 62%

    Tech - .00063 and 59% / 60%

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell Moderator Posts: 241,012
    hydro13 said:

    What is the current MF and RV on a Acura MDX Advanced for 36/12 in MA?

    .00063 and 59%

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • satpabbsatpabb Member Posts: 12
    Michaell said:
    What is the MF, Residual value for BAY AREA for AWD W/Tech, BASE W/Tech for 12k miles, 10k miles 3yr lease
    Base - .00095 and 61% / 62% Tech - .00063 and 59% / 60%
    Michael, thank you for the reply. Does the MF changes with AWD / FWD options? I see that u mentioned MF for base and tech..
  • satpabbsatpabb Member Posts: 12
    Michaell said:
    I am checking to see whether this is a good deal or not. I live in Bay area and here is the quote I got. ACURA MDX SH-AWD With TECHNOLOGY PKG Vehicle MSRP $50,210.00 (Includes $920 destination charge) Invoice Price $47,117.00 Selling Price $46,000.00 Acquisition Fee $595.00 (already rolled into lease) ------------------------------ Cap Cost $46,595.00 With $0 down and only first months payment ($568.79), tax & title fees ($556.35) of $1,125.14 total out of pocket 36 months at 12,000 miles per year = $519.44 plus tax ($568.79 including tax) Residual Value $29,623.90 (59% of MSRP) MF .00063 ACURA MDX SH-AWD With TECHNOLOGY and ENTERTAINMENT PKG Vehicle MSRP $52,210.00 (Includes $920 destination charge) Invoice Price $48,974.00 Selling Price $48,274.00 Acquisition Fee $595.00 (already rolled into lease) ------------------------------ Cap Cost $48,869.00 With $0 down and only first months payment ($604.44), tax & title fees ($570.35) of $1,174.79 total out of pocket 36 months at 12,000 miles per year = $552.00 plus tax ($604.44 including tax) Residual Value $30,803.90 (59% of MSRP) MF .00063
    My calculations are the same as the dealers ...
    Thank you Michael. Need ur advise and insight on commenting this is the best known deal or I should still low ball it
  • MichaellMichaell Moderator Posts: 241,012
    satpabb said:
    Michaell said:
    What is the MF, Residual value for BAY AREA for AWD W/Tech, BASE W/Tech for 12k miles, 10k miles 3yr lease
    Base - .00095 and 61% / 62% Tech - .00063 and 59% / 60%
    Michael, thank you for the reply. Does the MF changes with AWD / FWD options? I see that u mentioned MF for base and tech..
     Numbers are the same for either FWD or AWD 

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell Moderator Posts: 241,012
    satpabb said:
    Michaell said:
    I am checking to see whether this is a good deal or not. I live in Bay area and here is the quote I got. ACURA MDX SH-AWD With TECHNOLOGY PKG Vehicle MSRP $50,210.00 (Includes $920 destination charge) Invoice Price $47,117.00 Selling Price $46,000.00 Acquisition Fee $595.00 (already rolled into lease) ------------------------------ Cap Cost $46,595.00 With $0 down and only first months payment ($568.79), tax & title fees ($556.35) of $1,125.14 total out of pocket 36 months at 12,000 miles per year = $519.44 plus tax ($568.79 including tax) Residual Value $29,623.90 (59% of MSRP) MF .00063 ACURA MDX SH-AWD With TECHNOLOGY and ENTERTAINMENT PKG Vehicle MSRP $52,210.00 (Includes $920 destination charge) Invoice Price $48,974.00 Selling Price $48,274.00 Acquisition Fee $595.00 (already rolled into lease) ------------------------------ Cap Cost $48,869.00 With $0 down and only first months payment ($604.44), tax & title fees ($570.35) of $1,174.79 total out of pocket 36 months at 12,000 miles per year = $552.00 plus tax ($604.44 including tax) Residual Value $30,803.90 (59% of MSRP) MF .00063
    My calculations are the same as the dealers ...
    Thank you Michael. Need ur advise and insight on commenting this is the best known deal or I should still low ball it
     I do not track selling prices, so cannot help you with that 

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pricematch1pricematch1 Member Posts: 5
    Hi Michaell, what is the current MF and RV on a Acura MDX Tech w/ Acura Watch Plus for 36m/10k in IN? Thank you!
  • hydro13hydro13 Member Posts: 76
    What is the MF and RV for the Acura MDX (AWD) with tech and Acura Watch for 36/12 in MA? Is it the same as the Advanced model?
  • MichaellMichaell Moderator Posts: 241,012

    Hi Michaell, what is the current MF and RV on a Acura MDX Tech w/ Acura Watch Plus for 36m/10k in IN? Thank you!

    60% and .00063

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell Moderator Posts: 241,012
    hydro13 said:

    What is the MF and RV for the Acura MDX (AWD) with tech and Acura Watch for 36/12 in MA? Is it the same as the Advanced model?

    59% and .00063

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • ackfla1ackfla1 Member Posts: 1
    Hi Michaell, what is the current MF and RV on an Acura MDX Base model for 36m/10k in Tampa FL (33647)?  Thank you! 
  • kyfdxkyfdx Moderator Posts: 236,810
    ackfla1 said:

    Hi Michaell, what is the current MF and RV on an Acura MDX Base model for 36m/10k in Tampa FL (33647)?  Thank you! 

    .00095 MF and 62% residual

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • dreadstardreadstar Member Posts: 1
    Hi Michael what is current money factor and residual for 2016 MDX with tech and accuwatch package for Miami Florida (33178)? They originally quoted me .00063/59% for 36 months/12K. I think I can do better on the residual.

    I am working on invoice price but this is the structure.

    MSRP - $48,210 ($920 fee included)
    Invoice - $46,025 (based on research) How much below do you think I can go?
    MF - .00063
    Residual - 59%
    Florida tax - 7%
    36 months/12K
    No money down

    Standard fees for tax tag title separate and will be paid at signing which amount to $1,395.47 and is composed of $798 dealer fee, $325 tag, $135 filing, tax. Going to negotiate dealer fee of $798 out or down. If i cant I will try and have them subtract from invoice since I pay taxes on that portion.

    Lease payment - $488.36
    All in payment - $572.75

    Any place you can see improvement?

    Thanx for your assistance.

    Ron
  • MichaellMichaell Moderator Posts: 241,012
    dreadstar said:

    Hi Michael what is current money factor and residual for 2016 MDX with tech and accuwatch package for Miami Florida (33178)? They originally quoted me .00063/59% for 36 months/12K. I think I can do better on the residual.

    I am working on invoice price but this is the structure.

    MSRP - $48,210 ($920 fee included)
    Invoice - $46,025 (based on research) How much below do you think I can go?
    MF - .00063
    Residual - 59%
    Florida tax - 7%
    36 months/12K
    No money down

    Standard fees for tax tag title separate and will be paid at signing which amount to $1,395.47 and is composed of $798 dealer fee, $325 tag, $135 filing, tax. Going to negotiate dealer fee of $798 out or down. If i cant I will try and have them subtract from invoice since I pay taxes on that portion.

    Lease payment - $488.36
    All in payment - $572.75

    Any place you can see improvement?

    Thanx for your assistance.

    Ron

    I confirm the 59% residual and .00063 MF. Residual is set by the bank and cannot be modified.

    I get the same payment the dealer does ($572.75) with those numbers.

    I don't track selling prices, so can't tell you if you have any more room to negotiate the price down.

    The dealer fees in FL are a killer, for sure.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • djkhoi888djkhoi888 Member Posts: 54
    Can you tell me the MF and RV on a 2016 MDX Tech, with Ent. and WatchPlus Packages, for 10k/36months?
  • MichaellMichaell Moderator Posts: 241,012
    djkhoi888 said:

    Can you tell me the MF and RV on a 2016 MDX Tech, with Ent. and WatchPlus Packages, for 10k/36months?

    .00063 and 60%

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • djkhoi888djkhoi888 Member Posts: 54
    Michaell said:
    Can you tell me the MF and RV on a 2016 MDX Tech, with Ent. and WatchPlus Packages, for 10k/36months?
    .00063 and 60%
    Thanks
  • djkhoi888djkhoi888 Member Posts: 54
    Can you tell me the MF and RV on a 2016 MDX Advance with Entertainment package, for 10k/36months?
  • MichaellMichaell Moderator Posts: 241,012
    djkhoi888 said:

    Can you tell me the MF and RV on a 2016 MDX Advance with Entertainment package, for 10k/36months?

    Same ... 60% and .00063.

    Only the base model MDX has different numbers.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • djkhoi888djkhoi888 Member Posts: 54
    thanks
  • djkhoi888djkhoi888 Member Posts: 54
    Ok so MDX Tech fwd is still .00063 and 60%? Getting numbers from dealer tomorrow to compare. 
  • MichaellMichaell Moderator Posts: 241,012
    djkhoi888 said:

    Ok so MDX Tech fwd is still .00063 and 60%? Getting numbers from dealer tomorrow to compare. 

    I confirm those numbers.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • richg91richg91 Member Posts: 19
    Hi,
    I'm new to this and feel a bit stuck. I am trying to lease a 2016 MDX SH-AWD with Tech and have two dealers competing- currently the lowest is $45,500 based off of $50,210 MSRP. MF is .00063 and Residual is 59%. I live in NYC and am working with NJ dealers. Lease term is 3yrs/36K miles.

    1) What should my monthly payment be based off these numbers?

    How do I get the dealer to tell me what the fees will be? There was a $300 govt fee listed on the offer sheet and also a $395 doc fee. What is a "government fee"? For NYS legally the "doc" limit fee can be no more than $75 so that will be adjusted.

    2) What is my next step now that I'm in the price ballpark I want ($45,200-45,500)...

    Thank you!
  • kyfdxkyfdx Moderator Posts: 236,810
    richg91 said:

    Hi,
    I'm new to this and feel a bit stuck. I am trying to lease a 2016 MDX SH-AWD with Tech and have two dealers competing- currently the lowest is $45,500 based off of $50,210 MSRP. MF is .00063 and Residual is 59%. I live in NYC and am working with NJ dealers. Lease term is 3yrs/36K miles.

    1) What should my monthly payment be based off these numbers?

    How do I get the dealer to tell me what the fees will be? There was a $300 govt fee listed on the offer sheet and also a $395 doc fee. What is a "government fee"? For NYS legally the "doc" limit fee can be no more than $75 so that will be adjusted.

    2) What is my next step now that I'm in the price ballpark I want ($45,200-45,500)...

    Thank you!

    1) $488/mo.+tax. Fees and 1st payment upfront
    Ask the dealer what you want to know. $300 is probably the registration fee for NJ.. That may be different for NY. Since you are in NJ, they aren't limited by NYS doc fee regulations. Don't expect an adjustment.

    2) Get a detailed offer, with all of the numbers you want. If they won't give that to you, find another dealer. Once you have a detailed offer, then you can offer less, knowing what you are working with.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • richg91richg91 Member Posts: 19
    kyfdx said:

    richg91 said:

    Hi,
    I'm new to this and feel a bit stuck. I am trying to lease a 2016 MDX SH-AWD with Tech and have two dealers competing- currently the lowest is $45,500 based off of $50,210 MSRP. MF is .00063 and Residual is 59%. I live in NYC and am working with NJ dealers. Lease term is 3yrs/36K miles.

    1) What should my monthly payment be based off these numbers?

    How do I get the dealer to tell me what the fees will be? There was a $300 govt fee listed on the offer sheet and also a $395 doc fee. What is a "government fee"? For NYS legally the "doc" limit fee can be no more than $75 so that will be adjusted.

    2) What is my next step now that I'm in the price ballpark I want ($45,200-45,500)...

    Thank you!

    1) $488/mo.+tax. Fees and 1st payment upfront
    Ask the dealer what you want to know. $300 is probably the registration fee for NJ.. That may be different for NY. Since you are in NJ, they aren't limited by NYS doc fee regulations. Don't expect an adjustment.

    2) Get a detailed offer, with all of the numbers you want. If they won't give that to you, find another dealer. Once you have a detailed offer, then you can offer less, knowing what you are working with.
    Thanks very much, kyfdx! I really appreciate your help....

    The offer I have from one dealer now is:

    1) MSRP: 50,210
    2) Sale price: $45,600
    3) Doc fee: $259
    4) DMV fee: $267
    5) Tax: $1646.31
    6) MF .00063
    7) Residual: 59%

    I am rolling the tax into the lease, so cost is $45,600+$1646.31= $47,246.31

    Dealer tells me my monthly payments are: $558.68 after putting $1084.68 down (259+267+558.68)

    Do those numbers seem correct?

    Can I ask the dealer to email me an offer with ALL the fees listed? Will they do that? Am I still going to get the hard sell when I show up at the dealership?

    Also, there is no mention of a "bank fee." The other dealer who has yet to give me numbers said I will have first month, bank fee, and doc fee as an upfront payment... Am I missing something as one has DMV fee and one has a bank fee, but neither have the same 3 fees?

    Thanks again...
  • kyfdxkyfdx Moderator Posts: 236,810
    richg91 said:

    kyfdx said:

    richg91 said:

    Hi,
    I'm new to this and feel a bit stuck. I am trying to lease a 2016 MDX SH-AWD with Tech and have two dealers competing- currently the lowest is $45,500 based off of $50,210 MSRP. MF is .00063 and Residual is 59%. I live in NYC and am working with NJ dealers. Lease term is 3yrs/36K miles.

    1) What should my monthly payment be based off these numbers?

    How do I get the dealer to tell me what the fees will be? There was a $300 govt fee listed on the offer sheet and also a $395 doc fee. What is a "government fee"? For NYS legally the "doc" limit fee can be no more than $75 so that will be adjusted.

    2) What is my next step now that I'm in the price ballpark I want ($45,200-45,500)...

    Thank you!

    1) $488/mo.+tax. Fees and 1st payment upfront
    Ask the dealer what you want to know. $300 is probably the registration fee for NJ.. That may be different for NY. Since you are in NJ, they aren't limited by NYS doc fee regulations. Don't expect an adjustment.

    2) Get a detailed offer, with all of the numbers you want. If they won't give that to you, find another dealer. Once you have a detailed offer, then you can offer less, knowing what you are working with.
    Thanks very much, kyfdx! I really appreciate your help....

    The offer I have from one dealer now is:

    1) MSRP: 50,210
    2) Sale price: $45,600
    3) Doc fee: $259
    4) DMV fee: $267
    5) Tax: $1646.31
    6) MF .00063
    7) Residual: 59%

    I am rolling the tax into the lease, so cost is $45,600+$1646.31= $47,246.31

    Dealer tells me my monthly payments are: $558.68 after putting $1084.68 down (259+267+558.68)

    Do those numbers seem correct?

    Can I ask the dealer to email me an offer with ALL the fees listed? Will they do that? Am I still going to get the hard sell when I show up at the dealership?

    Also, there is no mention of a "bank fee." The other dealer who has yet to give me numbers said I will have first month, bank fee, and doc fee as an upfront payment... Am I missing something as one has DMV fee and one has a bank fee, but neither have the same 3 fees?

    Thanks again...
    With those numbers, the payment would be $538/mo. That looks pretty detailed except for the exclusion of the acquisition fee. Add that in and the numbers should even out.

    The next step is to ask for a lower price. You can usually find out pretty quick if that's possible.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • djkhoi888djkhoi888 Member Posts: 54
    Im going into the dealership tomorrow morning; saturday. Im sure nothing's changed but is the MDX Tech fwd still .00063 and 60%? wish me luck!
  • MichaellMichaell Moderator Posts: 241,012
    djkhoi888 said:

    Im going into the dealership tomorrow morning; saturday. Im sure nothing's changed but is the MDX Tech fwd still .00063 and 60%? wish me luck!

    For 36/10, yes those numbers are correct.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • richg91richg91 Member Posts: 19
    Kyfdx and Michaell,
    Thank you so much for the work you do on these forums. I've found you both very helpful as I'm sure many have.

    I'm glad this process is only done once every three years :stuck_out_tongue:

    The first dealer I visited, asked me a seemingly innocent question after the test drive which was, "How much do I think I might want to put down?" I shrugged and answered probably around $1500 (This is my first lease and I thought I shouldn't put much down but a little should be ok). I now realize that giving them a figure is giving them room to manipulate their fees/your money. I have asked this dealer since that meeting to please breakdown for me exactly what the fees are twice (both times he has deflected). I was given a printed up piece of paper with some of the lease numbers when i left the dealership, but only a $395 doc fee and a $300 gov't fee was listed. I don't know what a "gov't fee" is and can't really find anything definitive in my searching. So there are $695 in fees listed and when I asked him to be specific about all the fees in an email i sent, he responded, "Don't you remember the sheet I gave you? You monthly payments are $550/month with $1500 down."

    We had already negotiated a $45,500 final price for a lunar silver/ebony MDX AWD with Tech. So what I am guessing is that my $1500 covers all the fees plus some and he doesn't want to break it down anymore because it will cut into his profit. It's annoying!
    So...

    1) What are "government fees"?
    2) What exactly are the fees I should be paying upfront? Besides taxes (which I'm rolling into the lease), There's DMV fees (which cover title and license and anything else?), there's a bank/acquisition fee, and a doc fee. Are there any others I need to know about?
    3) Should I walk away from this dealer or is $1500 down and $550/mos a good price on this lease (3yrs/36K) and whatever extra he is keeping for himself nominal and just the cost of doing business in this seemingly shady industry?
    4) Does his $550 monthly number seem accurate with a $45,500 sale price, .59 reside, .00063 MF, 8.875 NYS tax, and a $50,210 MSRP?

    Thank you again...
  • MichaellMichaell Moderator Posts: 241,012
    richg91 said:

    Kyfdx and Michaell,
    Thank you so much for the work you do on these forums. I've found you both very helpful as I'm sure many have.

    I'm glad this process is only done once every three years :stuck_out_tongue:

    The first dealer I visited, asked me a seemingly innocent question after the test drive which was, "How much do I think I might want to put down?" I shrugged and answered probably around $1500 (This is my first lease and I thought I shouldn't put much down but a little should be ok). I now realize that giving them a figure is giving them room to manipulate their fees/your money. I have asked this dealer since that meeting to please breakdown for me exactly what the fees are twice (both times he has deflected). I was given a printed up piece of paper with some of the lease numbers when i left the dealership, but only a $395 doc fee and a $300 gov't fee was listed. I don't know what a "gov't fee" is and can't really find anything definitive in my searching. So there are $695 in fees listed and when I asked him to be specific about all the fees in an email i sent, he responded, "Don't you remember the sheet I gave you? You monthly payments are $550/month with $1500 down."

    We had already negotiated a $45,500 final price for a lunar silver/ebony MDX AWD with Tech. So what I am guessing is that my $1500 covers all the fees plus some and he doesn't want to break it down anymore because it will cut into his profit. It's annoying!
    So...

    1) What are "government fees"?
    2) What exactly are the fees I should be paying upfront? Besides taxes (which I'm rolling into the lease), There's DMV fees (which cover title and license and anything else?), there's a bank/acquisition fee, and a doc fee. Are there any others I need to know about?
    3) Should I walk away from this dealer or is $1500 down and $550/mos a good price on this lease (3yrs/36K) and whatever extra he is keeping for himself nominal and just the cost of doing business in this seemingly shady industry?
    4) Does his $550 monthly number seem accurate with a $45,500 sale price, .59 reside, .00063 MF, 8.875 NYS tax, and a $50,210 MSRP?

    Thank you again...

    1. I would think the "gov't fees" include the tags or license cost
    2. DMV, bank and doc fees are the most common
    3. Probably - see #4
    4. With those numbers, I get about $532/mo - pretty close to the dealer quote, but there may be some things hidden. Ask the dealer what the 'net cap cost' is - it should be the selling price plus the up front taxes. If it's more than that, find out what else has been added.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Moderator Posts: 236,810
    @richg91 Hi, Mr.Dealer. Your replies to my requests for detailed numbers are strangely non-responsive. If you are unable or unwilling to give me the information that I ask for, I'll be moving on. Thanks for your time.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • richg91richg91 Member Posts: 19
    kyfdx said:

    @richg91 Hi, Mr.Dealer. Your replies to my requests for detailed numbers are strangely non-responsive. If you are unable or unwilling to give me the information that I ask for, I'll be moving on. Thanks for your time.

    Lol, ok, got it! I really appreciate it, bro. Thanks :)
  • richg91richg91 Member Posts: 19
    edited September 2015
    So I have a dealer that seems to be straight forward with me ...

    Could you guys please check the numbers and let me know if they are correct?

    1) MSRP: 50,210
    2) Sale price: $45,500
    3) Doc fee: $259
    4) DMV fee: $267
    4) Bank fee: $595
    5) Tax: $1764.97 (8.875% NYC)
    6) MF .00063
    7) Residual: 59%

    I am rolling the taxes into the lease and paying the fees upfront. So 259+267+595+538.47= $1659.47 down.

    Are the taxes right?

    Dealer is saying $538.47 as a monthly payment. Does that sound correct?

    And could you give me the monthly payment numbers if I ran the fees into the lease?

    Thank you so much!
  • MichaellMichaell Moderator Posts: 241,012
    richg91 said:
    So I have a dealer that seems to be straight forward with me ... Could you guys please check the numbers and let me know if they are correct? 1) MSRP: 50,210 2) Sale price: $45,500 3) Doc fee: $259 4) DMV fee: $267 4) Bank fee: $595 5) Tax: $1764.97 (8.875% NYC) 6) MF .00063 7) Residual: 59% I am rolling the taxes into the lease and paying the fees upfront. So 259+267+595+538.47= $1659.47 down. Are the taxes right? Dealer is saying $538.47 as a monthly payment. Does that sound correct? And could you give me the monthly payment numbers if I ran the fees into the lease? Thank you so much!
    I get that payment, to the penny. 

    Adding the the fees to the cap cost will increase your payment $46/mo. 

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • richg91richg91 Member Posts: 19
    Sweet! Thanks, Michaell! I couldn't have completed a deal without this forum and your and kydfx's help. You guys rock :)
  • MichaellMichaell Moderator Posts: 241,012
    richg91 said:

    Sweet! Thanks, Michaell! I couldn't have completed a deal without this forum and your and kydfx's help. You guys rock :)

    Were your final numbers as listed above? If so, congrats and enjoy your new Acura!

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • richg91richg91 Member Posts: 19
    I'll let you know in the next day or two ;)

    I've been super busy...

    Anything I should look out for or be aware of when going to sign?
  • richg91richg91 Member Posts: 19
    Also, is asking the dealer to email me a copy of lease before I drive out to sign it a viable option? Should I insist on it and say no deal if they don't? Also, do you guys take the specific car you are going to lease out for test drive before signing the lease?
  • djkhoi888djkhoi888 Member Posts: 54
    Yes I test drove mine on saturday and signed the lease a few minutes later. All my numbers from my research and getting advice on here matched up with theirs! Thanks again for all your help, I couldn't have felt better and more sure about a purchase.
    Here are my details:
    2016 MDX Tech Fwd
    10,000 miles / 36 Months
    MSRP: $48,210.00 (includes $920.00 destination charge)
    Destination fee: $920.00 (from above)
    Invoice: $43,991.00
    Holdback: $946.00
    Dealer's cost: $43,965.00 ($43,991.00+$920.00-$946.00)
    Sell price: $44,000.00 !
    Accessories: $558.00 Remote Start with install. Got it at the employee discount.
    Total sell price: $44,558.00
    Fees: $803.00 (title, license,registration, and acquisition fee of $595)
    Total Cap Cost: $48,146.00 (includes 6.25% tax)
    Money Factor: 0.00063
    Residual Value: 60%
    Final Monthly Payment: $582.00

    I wish I knew there was a $350.00 Turn In Fee. I'm charged this if I decide not to purchase the car when returning. But oh well. Maybe future lessees can take note and negotiate this!

    Good luck everyone
  • richg91richg91 Member Posts: 19
    That disposition fee is a tough one to get out of Ive read.

    Congrats on your new car!
  • kyfdxkyfdx Moderator Posts: 236,810
    Nice deal. You can't negotiate the disposition fee, but it's usually waived if you lease another one of the same make.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • richg91richg91 Member Posts: 19
    edited September 2015
    Leased my SH-AWD with Tech MDX today. 3yrs/36K. Paid first month and rolled everything else into lease. Monthly payment = $571.98. Live in NYC and used a dealer in NJ. I'm very happy with how everything went (especially the dealer I ended up using- no pressure, no hard sell at the end or anything) and owe a lot of it to these boards, especially kyfdx and michaell. Thanks so much!

    MSRP: $50,210
    Price paid: $45,500
    Bank fee: $595
    DMV: $267
    Doc: $259
    Tax: 8.875% NYC
  • toledo73toledo73 Member Posts: 174
    edited September 2015
    What is mf and residual for 2016 mdx base. Thanks. This is California Bay Area.

  • kyfdxkyfdx Moderator Posts: 236,810
    richg91 said:

    Leased my SH-AWD with Tech MDX today. 3yrs/36K. Paid first month and rolled everything else into lease. Monthly payment = $571.98. Live in NYC and used a dealer in NJ. I'm very happy with how everything went (especially the dealer I ended up using- no pressure, no hard sell at the end or anything) and owe a lot of it to these boards, especially kyfdx and michaell. Thanks so much!

    MSRP: $50,210
    Price paid: $45,500
    Bank fee: $595
    DMV: $267
    Doc: $259
    Tax: 8.875% NYC

    Congrats on the new Acura!

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Moderator Posts: 236,810
    toledo73 said:

    What is mf and residual for 2016 mdx base. Thanks. This is California Bay Area.

    .00095 MF and 59% residual for 36mo, 15K/yr

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Sign In or Register to comment.