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2013 and earlier-Acura MDX Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello mdxlessee. The money factor that you were quoted looks good. It's right in line with Honda Finance's current buy rate for this vehicle.

    Now let's take a look at the other important number, the selling price. The dealer invoice price of a 2009 Acura MDX with the Technology package is $41,684. If we subtract the available $2,000 dealer cash from that it drops to around $39,684. That puts the selling price that you were quoted at around $725 over dealer invoice. If you are in an area that has a decent level of competition you may be able to shave another couple hundred dollars off of this vehicle's price, but the quote that you were given is not bad.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, needanewcar77. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura MDX with 12,000 miles per year are .00215 and 51%, respectively. When negotiating your lease on this truck, make sure to take the $2,000 dealer cash that is currently available on it into account.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go collman. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura MDX with the Tech and Entertainment packages and 12,000 miles per year are .00215 and 48%, respectively. When negotiating your lease on this truck, make sure to take the $2,000 dealer cash that is currently available on it into account.

    Car_man
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  • uvasauvasa Posts: 21
    Car_man, thanks for the valuable info. I was able to knock off few hundreds to lower my down to 4900, I even used 1000 from HFS to re-lease to make it out of pocket 3900 + DMV 197 + doc fee 45. monthly at 479/m 12K. I did get .00215 money factor. I should be picking up the truck next weekend.

    I agree with not putting more down and not able to recover if total loss. But I need to keep my montly payment lower.

    Fun with number comparing my 2006 MDX lease and this one, I'll be paying total 3 years 1650 more than 2006. Approx $ 46/m more. Not bad I think.
  • e46m3e46m3 Posts: 7
    52% I believe
  • e46m3e46m3 Posts: 7
    Looking at leasing a MDX Tech/Ent package in LA County. I received a internet sale Dept quote Cap Cost without fees/taxes of around 200 less than invoice. This quote included the 2000 dealer cash. I was hoping to do better than this and was wondering if anyone could share their experience on a recent lease and what kind of Cap cost they received.

    Thanks
  • sl1288sl1288 Posts: 42
    Hi Car Man, with regard to the $2,000 dealer cash, is that separate from the dealer hold back? When I negotiated my current lease on my 2006 MDX, I got the dealer to subtract the 3% dealer hold back off the invoice price.
  • richie11richie11 Posts: 8
    Mdxfan2,

    I am also in minneapolis and looking to buy/lease MDX. we can buy/lease it together to get a good deal. Please mail me @ richie50001 @ yahoo.
  • hpaddicthpaddict Posts: 2
    Hi Car_Man,

    I am looking to lease an MDX Sport & Entertainment (MSRP $49,650 incl dest) for 39 months with 12k miles per year. From searching this forum, i think the lease information is:
    money factor 0.00215
    residual 46%
    invoice price: $45,175
    marketing support: $2,000
    acquisition fee: $595
    security deposit: $0
    ridiculous fees: $0

    all of which should amount to a lease payment of approximately $665/month, assuming invoice - marketing support ($45,175-2,000) is the best i could get the MDX for. However, I had been offered $41,971 in Mid-January, but was not ready to buy, is $41,971 realistic?

    There are at least 5 dealers within 25 miles of my home, each dealer has 9 or more Sport/Ent MDX in stock.

    Thank you
  • bt06bt06 Posts: 32
    Hello all, quick question...I noticed there was some conversation about recovering a portion of your down payment for a lease. How does that work? I didn't know you could get any of that back at lease end...or did I misunderstand that? Please elaborate!

    I'm currently leasing an 07 TL (lease ends April 2010) and I'm interested in another TL or MDX when that lease is up.
  • glgeddesglgeddes Posts: 6
    Car_Man,

    Would you happen to know what the % Residual is for a 15k/36Month lease on an 09 MDX?

    Thanks!
  • trez67trez67 Posts: 2
    I leased the Acura MDX Tech yesterday.

    I added the Roof rails ($351.70) and Chrome Side Steps ($785.40). These 2 items total $1137.10.

    The monthly lease amount went up $29.02 per month for 36 months. 36 x 29.02 = $1044.72.

    The residual value of on the vehicle is 48.2%.

    I am not sure how residual value effects these extras. Am I overpaying for these 2 accessories?
    Thanks.
  • uvasauvasa Posts: 21
    bt06 - You did misunderstand that. You don't recover anything at the end of the lease. Lease is just renting the car.
  • drmhfdrmhf Posts: 29
    Trez67, What is your total monthly payment, for how many months.
    Did you put any money down?
  • bt06bt06 Posts: 32
    Thanks for the response...that's what I thought...just wanted to be sure though.
  • hi all,
    thanks so much for the info as it has really been invaluable for me during my acura purchase. just a quick question. i am ready to pull the trigger on a tech/entertainment lease and was wondering about three things:

    1. i have seen from the trend that generally the people are getting their rides about 2K below the invoice price. I am sure that some of this is the "good buying environment" these days, but the other factor is the 2K cash that was being offered in april. so now that we are in may, can i still get it for 2K below invoice eventhough the cashback deal isn't there this month?

    2. should i wait until june for a better deal? anyone know what incentives will be there at that time? the advantage that i have is that i am not really pressed for time. my accord's lease doesn't end until august, but i am making a road trip in the last week on june and would really like to have it by then.

    3. i currently have an accord, with 2 payments left. i was hoping that since honda and acura both have the same financial service that you deal with on the back end, that i will be able to just give it in a bit early and get a new ride. is this asking for too much?

    thanks to all in advnace.
  • my3rdrxmy3rdrx Posts: 167
    The only problem is Acura Financial has just been spun out from underneath Honda Financial ~ maybe they would still honor each other's customers?!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sl1288. The $2,000 dealer cash that Acura is currently providing on the 2009 MDX is different from holdback.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi hpaddict. The money factor, residual value, and cash incentive that you dug up by looking around this discussion are correct.

    I'm surprised that you were offered a selling price that's significantly below dealer invoice minus the $2,000 dealer cash that is currently available on this truck back in January. That's probably about as good as it's going to get on an '09 MDX right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, glgeddes. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura MDX with 15,000 miles per year are .00215 and 49%, respectively. When negotiating the capitalized cost for your lease, make sure to take advantage of the $2,000 dealer cash incentive that is currently available on this model.

    Car_man
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  • dear car man,
    i was hoping that you would be able to comment on my earlier post, regarding the purchase of the mdx in end may/early june.... how long is the dealer cash available for?? i just spoke with acura financial and they told me on the phone that the new summer sale rates would be starting on memorial day weekend and to hold off purchase until then... what say you??
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi nabeelfarooqui. The $2,000 dealer cash that Acura was providing on the 2009 MDX was scheduled to run through yesterday, June 1st. While no one knows for certain what manufacturers will do with their future incentives before they are officially announced, I would be shocked if Acura pulled the plug on this cash. Most likely it will be extended unchanged through July 6th.

    I'm surprised that anyone at Acura would tell you to hold off on purchasing a new vehicle. Not only is that a that's a silly thing to do business-wise, but it didn't even change its program on the MDX for Memorial Day.

    Car_man
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  • msinger1msinger1 Posts: 2
    hi car man,
    wondering if you could comment on this mdx tech w/12k yr-3 year lease seeing as its june now.

    $1800 Total out of pocket
    $688 per month (including tax)

    separately, do you think there will be incentives on leftover 09's in the near future?
  • sl1288sl1288 Posts: 42
    Hi Car man,

    Can you give me the residual value and money factor on a 2009 MDX w/ Tech based on a 3 year lease with 18,000 miles per year? This would be for a cost of $38,400.
  • CARMAN:

    Adding to the above, could you list the MF and Residuals for the MDX at the following:

    3-Year/ 12k miles
    3-Year/ 15k miles
    3-Year/ 18k miles (for the above poster)
  • sl1288sl1288 Posts: 42
    As an FYI for anyone looking to lease a 2009 MDX, my 2006 MDX lease is ending on 6/30/09. Unfortunately, I drive a lot of miles, but I have to lease through my company. My current lease is for 18,000 miles per year and that ended up being perfect mileage for the last 3 years.

    I am starting to negotiate the price of a 2009 MDX w/ Tech, that I can then derive a lease price from. I am looking at invoice - $2000 dealer cash, and I am even trying to get into the hold back (approx. $1,350) That would come out to around $38,400. I had a feeling I was going to have an issue with a low residual value, and after speaking with my car salesman, I found out I was right. (and not in a good way)

    The residual value on an MDX w/ Tech for an $18,000 mile lease is 46%! Ugh. If I agreed to a price of $40,000 (their offer) it would result in a monthly payment of $760. Even at $38,400 the payments are in the high $600's. This ends my search before I begin because my current lease is for $550 a month, and I'm not looking to pay $200 more a month.

    I think my only choice is to extend my lease and wait for the 2010's to come out with a (hopefully) higher residual value. I'll lose out on the dealer cash, but there isn't much I can do short of looking at a 2010 Pilot Touring.

    Also, he only has 3 MDXs on his lot, and he confirmed he will go all Summer without any new ones until the 2010's are delivered.
  • teck2u2teck2u2 Posts: 16
    Hi Car_Man,

    Several years ago, I asked a question and you never responded :(, hope I do better this time :)

    I am in the market for a 2009 MDX - Tech and Entertainment Package. I was quoted the following today and naturally, I was given until Monday to sign the deal or loose it!

    36 Months Lease
    10,000 Miles per Year
    1st Month payment 0f $662
    Acq. Fee $595
    Up front Taxes $2119.33
    TOTAL OUT OF POCKET = $3503.58 (This includes first month payment, taxes and Cap Cost Reduction)
    MSRP $47,550
    Selling Price $42,164
    Residual 49%
    Money Factor .00215
    Tax Rate 8.625 (NY)
    MONTHLY PAYMENT $662

    Is this a good lease deal? Should I sign? Please help.
  • isosuvisosuv Posts: 2
    The lease terms, miles per year, residual value and money factor are determined by Audi financial services.

    The only thing you can negotiate with the dealership is the selling price.
    $42164 for Tech and Entertainment packages? I don't think it is a good deal.
  • teck2u2teck2u2 Posts: 16
    HI Isosuv,

    Thanks for your response. Did you say Audi financial? Did you mean Acura Financial?

    Also, what is a good price for this car??

    I am so glad I read your response, I was about to go sign the deal tonight!!!! Whew!
  • isosuvisosuv Posts: 2
    I'd use sl1288's figures as reference.
    Yes I meant Acura, not Audi. My bad. Typo.
This discussion has been closed.