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2013 and earlier-Acura MDX Lease Questions

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  • @mistyk1015: The $545/mo. is including taxes (on a 2012 Acura MDX Base lease - 36 mo/12k yr).
  • Welcome aboard bushidoben. Acura's September buy rate lease money factor and residual value for a 36-month lease of a 2012 base MDX with 12,000 miles per year are .00090 and 54%, respectively for consumers who qualify for its top credit tier.

    If I was in the market for a 2012 MDX right now in an area that has a decent level of competition, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the available $3,000 dealer cash.

    Car_man
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  • mistyk1015mistyk1015 Posts: 4
    edited September 2012
    Thanks for the info. I posted the deal I got on my 2012 mdx base model on this forum about a week ago. It's not entirely comparing apples-to-apples since you get 12k/yr and I get 10k/yr.

    My purchase price was 36K (1K-acura loyalty disc, 1.5K-dealer cash) with a residual of $24,598 at lease end (36 mo. lease). I checked the acura website right now and it looks as though their lease offers show a residual value of $24,158.75. I would think you could easily get that same higher residual value which would lower your monthly payment by close ~ $40/mo. (I assumed my sales tax of 8.75%-california).

    The benefit to having a lower residual is if you plan to purchase the vehicle at lease end. However, if you do not plan to do so, I highly recommend trying to go down a little more on the purchase price and ask for the higher residual. Also, the MF of 0.0009 is equivalent to 2.16% APR which is a pretty good rate.

    The downside is that your monthly lease payment will be higher due to the lower residual value. Hope this helped!
  • Can you please post the money factor and residual value for a 2012 Acura MDX with Tech + Entertainment?

    Thanks!
  • Certainly rundy. Acura's September buy rate lease money factor and residual value for a 36-month lease of a 2012 MDX with Tech, Entertainment and 15,000 miles per year are .00090 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    When negotiating your deal on this truck, make sure to take advantage of the $3,000 dealer cash and an additional $1,000 in conquest or loyalty cash that are available on it.

    Car_man
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  • 10sfan10sfan Posts: 136
    Base Acura MDX, one with 10,000 cap with a montlhy payment of $422.30 including tax and a similar base MDX with a 12,000 cape and a monthly payment of 545.00 including tax. That is a higher annual payment of $1,476.00. Seems like one should go with the 10,000 cap and pay the $.20 per mileage over the 10,000 per year.
  • jk764jk764 Posts: 17
    edited November 2012
    Car man, can you tell me what the residual numbers in November are for a 36 month lease / 12k miles as well as a 48 month / 12k miles on the 2013 Acura MDX with Advance and Entertainment packages? Also, is the money factor still .00090 assuming super preferred credit tier is met? From my research, appears that a decent price on the car would be $49,600. I am in the NJ/NY area and deciding whether to buy or lease in the next few weeks.

    Thanks so much!
  • Hello Car_man,

    I typically buy used cars that are about 3 yrs old, drive them for 2-3 years, then trade them in on another used car. With are running this cycle with our 2008 MDX and it seems like I should probably be leasing. So I was hoping you could tell me what the residual numbers in November are for a 36 month lease (15k miles) on the 2013 Acura MDX with Tech and Rear Entertainment packages? We have excellent credit, so as the previous poster mentioned, is the money factor still .00090? From my research, MSRP on the 2013 would be $49,750 with Invoice at $46,089. With customer loyalty and other rebates and incentives, what would you recommend as good ballpark price? Thanks!
  • I certainly can jk764. Acura's November buy rate lease money factor and residual value for a 36-month lease of a 2013 MDX Advance with Entertainment and 12,000 miles per year are .00123 and 51% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48 month lease are .00175 and 43%.

    Where did you see the .00090 money factor? It might have been that low on the 2012 model, but I don't think that it has been on the 2013 model yet.

    When negotiating your deal, make sure to take advantage of the $1,500 dealer cash incentive that is now available on this model.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings sdy101. Acura's November buy rate lease money factor and residual value for a 36-month lease of a 2013 MDX with Tech, Entertainment and 15,000 miles per year are .00123 and 51% for consumers who qualify for its top credit tier.

    I'm not aware of any loyalty incentives on this model, but I do know that there is $1,500 dealer cash on this truck right now that you should take into account during your negotiations. I personally would shoot for a selling price of $500 to $1,000 over (preferably towards the lower end) minus the cash incentive.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man,

    I have decided to lease a 2013 mdx
    Dealer offered.
    Msrp- $47850 . Purchase prive $44,900
    36 month 18k yr. Lease $2500 down

    Is $702.00 a month a fair deal? There are 2 other dealers in area and was going to try them next.

    Thanks for your input
  • Hi all,

    I closed on an MDX this morning and wanted to share the deal I negotiation with you all. To start I was turning in a 2010 MDX base. I had 33,000 miles on it (36K alloted for 3 yrs) and 4 payments left of $596. They didn't tell me what I was getting on the turn in but it sounded as though there was a little meat on the bone for them to resell and make some money. I chalked up the turn in to a push (assuming they just took it back without providing me any incentive).

    The new vehicle is 2012 model with Tech Package...Black with Taupe interior. Here's the deal I walked out with.

    New Vehicle MSRP: 47,490 (without add ons listed below)
    Invoice: 43,950
    Sale Price: 41,955
    Residual: 51%
    Money Factor: .00075

    I got a 36 month lease with 12K per year for $610 per month. Also, when sticking with Acura Finance you get to roll over the mileage you have left on your previous vehicle. That said, I get 13K miles per year (had 3K left divided by 3 years = 1K per year).

    I'm paying $707.50 Due at signing which includes first month payment ($610), processing fee ($75), tire tax (12.50), and NYS Inspection ($10). Transfering plates.

    I later negotiated with the F&I person for running boards (the better ones), door trim, and a light tint of the windows to elimate glare. Negotaited $1643 for these items which I'm goint to pay out of pocket and are not included in the MSRP above. I didn't want to raise my monthly payment any higher...yet I wanted the featurs.

    Also important to note that they offered my a 39 month lease through another leasing company (not Acura Finance) for $579 per month on the same vehicle. It also quoted with a lower residual value (50% if I recall) and add three months leaving me to negotiate my new lease in March of 2015.

    Feedback on the deal I got is much appreciated and I wish you all luck in negotiating your deals.
  • Hi Car_man: Can you let me know the lease rates for a 2013 MDX base and 2013 MDX with tech, both 12k/36mo.

    Also, the dealer wants to buy out my current MDX lease and I would like to know if there is anything I need to keep an eye out for. They say they can get me a 2013 for same payment as my current lease ($505).
  • Hello car_man!
    The following is for a 2013 Acura MDX w/ Tech Package
    Just left the dealership and for the sake of sleeping well, would like to know if the deal I got was a good one... Every lease calculator i tried says it's an excellent one but I'm a bit pessimistic! Please help! You think you have it all under control but yet they find a way to get you! I tried to perpetuate the situation by continually asking for numbers but they like to be vague and quick to walk away! Took a lot of back and forth w/ the sales rep going to the Finance guy - annoying. Keep in mind I like to have low monthly payments even if it means putting a bit more down in the beginning though I've noticed not to many are into that. I'll write the final deal at the end;

    MSRP - 47890
    Cap Cost - 42321 (negotiated price only)
    Residual value - 26317
    Bank Money Factor - .0012 or 2.9 APR'
    Lease Term - 36/mo 10K miles

    I also had a 2010 TL w/ Tech w/ 4 payments left totaling $1796 I wanted to trade in.

    End of day, I walked out w/ 5K down and $465 per month inclusive of tax, first month payment, dmv and other misc fees.

    Also, in NY w/ a tax rate of 8.875%

    Regards,
  • FYI, I have been looking used, but just got an offer from the sales team of $1,000 below invoice since they couldn't find a used one that I wanted. If they called and offered this via voice mail... How low do you think they would go? Mdx wIth/ tech
  • For what it's worth, I was just offered $1,000 below invoice for that vehicle.
  • Why put $5,000 down?

    If something happens to the vehicle, accident, you lose the $5,000. Acura has GAP in their leases, at no additional cost to you. Putting $5,000 down on an Acura lease negates this advantage.

    Better to put the $5,000 in the bank and use it to make up the difference on the payment on a month-to-month basis if needed. If not needed, you have the money.

    The only real savings from putting $5,000 down would be maybe $5 or so each month, about the cost of a Big Mac, due to the increased interest resulting from not giving them $5,000. Five bucks a month for three years is about $180, insignificant and negated by the GAP provided by Acura
    .
  • Hi nate6789. Judging by this truck's price, it looks like you're interested in a '13 MDX with the Technology package. The dealer invoice price of this truck is currently $44,350. If we deduct the $1,500 dealer cash incentive that is currently available on it from that, the invoice price drops to $42,850. That puts the selling price that you were offered at around $2,000 over invoice, which in my opinion is a little high.

    If I was in the market for this vehicle in an area that has a decent level of competition, I personally would shoot for a selling price of around $500 to $1,000 over.

    Once you arrive at a selling price that you are comfortable with, have the dealer calculate your vehicle's payment using Acura's buy rate lease money factor of .00123.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • sunnyfl1sunnyfl1 Posts: 19
    edited December 2012
    South Florida
    2013 MDX tech
    MSRP $47,850
    after discounts $43500
    10k miles per year
    36 months
    $539 + tax
    OTD I will pay first month plus the usual fees and tag reg etc.

    I believe this is a very decent deal. I plan to close tomorrow ... any opinions?
  • Dear Carman,
    just closed the deal for 2013 MDX with tech package. got it for 41000 sale price.
    35 months 12000K/year 553/month 0 Down inclusive taxes & all fees. that means i am not putting one penny upfront. i live in louisville KY.
    RV: 26,796
    MSRP: 47850

    is this good deal to go. just want to know.
This discussion has been closed.