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2013 and earlier-Acura MDX Lease Questions

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Comments

  • bidder5000bidder5000 Posts: 17
    Hi,

    given the numbers you posted would a 2014 MDX Tech package then come out to around $626 a month in California (with sales tax) on a 12,000 miles a year lease 36 months?

    Thanks, trying to figure this all out!
  • noosensenoosense Posts: 5
    Hi Car_man,

    Need your help as this is my first time leasing a car. This is actually a surprise for my wife with our first child on the way. Below are the details. I am located in NYC.

    2014 AWD with Tech Pkg
    $540/month for 39 months
    10k miles per year
    Down payment: $3,656 (first month payment, security deposit, acquisition fee, taxes)

    Please let me know what you think. Based on what I am seeing, I feel like I am getting ripped off. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome Jason. 36-months is the longest the special lease program is available for. the 39-month program is much worse.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi allaw. The residual values that you were quoted are spot on. I think that Acura Finance's buy rate lease money factor for top tier customers is slightly lower, at .00150.

    The biggest area that you may be able to improve on though is this vehicle's selling price. At a $1,150 dealer discount, you're still at $2,124 over invoice. That's a lot...even for a 2014 model. I personally would shoot for more like $1,000 over or wait a month or two because in an area that has a decent level of competition $500 to $1,000 over minus incentives will eventually be attainable on an MDX.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi zmm12345. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2014 Acura MDX AWD that has an MSRP of $45,185 and a selling price of $42,911 through Acura Financial Services right now for 24-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $473 assuming that you qualify for its top credit tier.

    You definitely don't want to go with a 24-month lease. It would be a lot more expensive.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi pd65. you may be able to get a dealer to use the equity that you have in your Touareg to cover the four remaining payments that you have on your current lease, but I personally don't think that there will be a lot leftover to apply towards your new deal.

    The payment for the new MDX that you are interested in will depend upon what trim level MDX you want, how long you want to lease it for, what mileage allowance you need, etc...

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey noosense Congratulations! I haven't played with the payments extensively on the 2014 MDX, but the payment does indeed look high. What is this vehicle's selling price? I know that this is a new, completely redesigned vehicle but if I was in the market for one I still would only want to pay around $1,000 or so over invoice in an area that has a decent level of competition. I suspect that would be possible now if one were to shop around, but if it isn't it certainly will be in the near future.

    Let me know what the selling price is and either you or I can compare it to this vehicle's dealer invoice price. That will be simple to do given the way that Acura handles options. Here's a link to the pricing page: 2014 Acura MDX Pricing.

    Car_man
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  • apocalypsoapocalypso Posts: 12
    edited July 2013
    Car Man - are you really quoting a 36 mo. lease here? You later say in this post they shouldn't do a 24 mo. is why I ask. Typo?

    "Hi zmm12345. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2014 Acura MDX AWD that has an MSRP of $45,185 and a selling price of $42,911 through Acura Financial Services right now for 24-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $473 assuming that you qualify for its top credit tier.

    You definitely don't want to go with a 24-month lease. It would be a lot more expensive. "
  • pd65pd65 Posts: 5
    edited July 2013
    Thanks Car_man!

    I finalized the deal yesterday. There was enough equity to cover the payoff on Touareg and to pay $2,180 towards cap cost reduction on 2014 MDX AWD tech package. Monthly payments at $519.00 PM/ 36 months. Paid $2,525 out of pocket towards NY sales tax + first month payment + registration. No security deposit.

    Do you think I got a fair deal?
  • noosensenoosense Posts: 5
    Car_man, thanks so much for your help. In addition to the details above, below is the additional info you were asking for.

    Cap cost: 47,759
    RV: 64%
    MF: .00170

    Let me know exactly what numbers I should aim for. I assume I will only do the 36 month lease and not a 39 month.
  • fnkyfnky Posts: 1
    Hi Carman,
    Need some input on leasing a base AWD MDX.
    The offer made to me is following:

    Selling Price: 43,000 ($2,185 off MSRP)
    Residual: 65% @ $29,370
    Term: 39 months
    Money factor: 0.0016
    Upfront fees: $595 bank fee + 1st month payment + taxes = $2616
    Monthly payment = $489

    Based on lease calculators available on the web, the monthly payment should be $468. But, understand the dealer is adding some extra cost for his own business. But is the number that he is quoting too high?

    Thanks a lot!
  • btomasiebtomasie Posts: 8
    Do we have updated July residuals/MFs for the 2014 MDX (Tech and Adv) with 12K and 15K per year for 36 months?

    I am interested in knowing the difference in the 12K vs. 15K miles.

    Also, I am very interested to know what the NON-super-duper-top-tier MF rate is, just for reference. I see within the last 2-3 pages of posts several different MF rates being referenced. So just curious to know what one notch down is.

    Thanks!
  • ballhoggballhogg Posts: 37
    Hey Carman,

    Can you give the residual values and MFs (and expiration dates) for the following:

    2014 SH-AWD Tech, 10K miles per year
    2014 SH-AWD Tech + Ent, 10K miles per year

    I live in NYC and do you think it's reasonable to get the new MDX at $1000-$1500 over invoice?

    Thanks!!!
  • kywonkywon Posts: 27
    Car_man- My lease is up and I need a car! You've been my goto for the last 10 years for my leases.

    I want a 2014 MDX Tech, 15k/mi/yr, 36 months but I'm debating on the AWD and FWD. Would you please give me the July MF and Residuals. I'm Los Angeles. Thanks!

    kywon
  • I don't understand the upfront costs...why does it say bank fee + 1st month payment + TAXES? I thought taxes were paid in the monthly payment? At least I have never paid them upfront, is there an advantage to doing so? (honest question, no sarcasm implied)
  • dbmdx14dbmdx14 Posts: 4
    Hi all. Need some advice. Was at dealership in South East FL today. Wanted to lease 2014 MDX with tech, got them to $46k, sign and drive payment of $699. I have a 2009 MDX base with 60k miles on it, they were going to give me $20k, I owe $8500, equity back to me via check. I thought $699 was quite high? I walked out. Any advice, thoughts? Any help much appreciated.
  • ballhoggballhogg Posts: 37
    You have the option of paying the taxes either up front or in the monthly payment. I only pay the first month payment at signing and roll everything else into the lease. If the car gets totaled or stolen you lose the money you put up front.
  • noosensenoosense Posts: 5
    Hey PD65,

    I am in ny also. What dealership did u go to? Your total down was 2,525? If that is the case it is a better deal than mine and I will have to go to your dealership. Let me know. Thanks
  • pd65pd65 Posts: 5
    Which part of NY are you in? I went to Rallye Acura in Roslyn. I did go to couple of other dealers but, numbers were all over.

    Good Luck!
  • pd65pd65 Posts: 5
    Hi Noosense,

    BTW, Just to let you know I traded in a Touareg that payed for down payment of $2,180 + remote starter. I paid $2,545 towards tax + 1st payment + tags.

    Hope this helps!
This discussion has been closed.