Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier-Acura MDX Lease Questions

1585961636492

Comments

  • roncoronco Posts: 6
    I'm also really interested in the lease program numbers for the MDX, and I'm not yet decided on which package.
  • indecisionindecision Posts: 22
    I leased a 2009 base mdx last year with 10,000 mi per yr for 3 yr. Due to a change in circumstance, my mileage per year is going to increase because I will need to commute to a new job, approx 50 miles per day. Is there anything I can do to change the terms of the lease at this point or even get into a different lease? I know this is the risk you take when leasing but I was hoping someone may have had some experience with this.

    Thx.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, monchero.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi calcoug. Many banks do offer lessees a discount on the money factor that is used to calculate the interest portion of their lease cost if they agree to pre-pay for their entire lease in advance. I suspect that Honda Finance does as well, but I'm not sure of the exact discount that it provides for doing so.

    If I had to make an educated guess, I'd say that its pre-pay money factor discount would be around .00080. The .00071 money factor that you were quoted looks about right for an advance pay lease to me. Honda Finance's current buy rate lease money factor for a normal 36 month lease of a 2010 MDX is .00133 for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi omadao24. Banks usually allow the full residualization (I'm not even sure that is a word, but people in the industry use it) of all factory-installed options. Dealer-installed options are a different story. Honda Finance might allow you to bake some dealer options into your lease, but chances are that you are going to end up having to pay for the entire cost of a number of, if not all of, these options over the cost of your lease...which needless to say is fairly annoying. You wouldn't necessarily have to pay for the entire cost of these options at lease signing, you will probably be able to spread them out over your monthly payments...but you still will end up paying for the full cost of the options rather than a portion of them like you would on factory-installed options.

    This is why I usually do not get any dealer-installed options on my vehicle when I lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, enthusiastdre. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2010 Acura MDX with 15,000 miles per year are .00133 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of a 2010 MDX with Tech are .00133 and 53%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi borderman01. While it was technically true that Acura introduced a new lease program on July 7th, its new program results in almost identical monthly payments as its June program. While it is usually true that they don't know what the new program will be like after the current one ends, salespeople often like to create a false sense of urgency in customers to get them to finalize deals ASAP.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello Brian. Here's the information that you're looking for.

    Honda Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX with Tech and Advance and 12,000 miles per year are .00133 and 53%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Here's a description of what the '11 MDX will be like from automobile magazine:

    2011 Acura MDX

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • omadao24omadao24 Posts: 4
    Car Man - What are the current July lease numbers for a 36mo / 12k/yr on a MDX with Tech and Ent.

    Thank you!
  • borderman01borderman01 Posts: 10
    edited July 2010
    Hey Carman

    Thanks alot. But last week after thinking about it, I decided to pull the trigger and make the deal ;) . I feel I got a fair deal on the following;

    2010 MDX Base
    36 months
    59% residual
    .00150 money factor
    Selling price $39,622.58
    MF $43,090
    10K miles
    $1,710 out of pocket for NY DMV, doc fee, bank fee, etc...
    No money down
    Total payment including NY taxes = $542.51
  • mnmdxmnmdx Posts: 4
    I currently have a 2006 base MDX lease that is up. My buyout is $17,200.00 and the dealer tells me I have $2000 in equity. They are quoting me on a new 2010 MDX tech lease as follows: 36 month - 12k per year - MSRP of $46,765.00
    Total cash on delivery Taxes, fees, etc..before discounts = $6,762.73
    Deduct my $2,000 trade equity and deduct first payment $535.00 for a
    Grand Total due at delivery - $4227.73 / $535 per month

    Does this seem fair? Should I wait until August to see what the new lease deal is closer to the end of the quarter?
  • urnzwayurnzway Posts: 7
    Can you please let me know the July lease rates for MDX with tech? I am in NC and am looking for both 10K and 12K miles and 36 months. Thank you.
  • Hi Car_man, could you please post the current MF and residuals for an MDX w/ Tech for 36/10K per year?

    I am guessing .00133 and 56% based on your earlier post for a 15K lease?
  • dakota9dakota9 Posts: 4
    edited July 2010
    Just signed on the deal below in Toledo, Ohio at Dave White Acura. It was a great experience without any hassles. I negotiated the entire deal over email.

    2010 MDX Tech
    Color: Black
    Interior: Parchment
    36 Month Lease
    10,000 miles per year
    MSRP: $46765
    Cap Cost/ Sale Price: $43,246 - includes destination charge
    Money Factor: .00133 Residual 56%
    Acquisition fee: $595 Rolled into Lease Payment
    Monthly Payment with Tax $625
    Signing payment: $778 (1st month +Title+Registration)
  • fitzramfitzram Posts: 31
    Thanks for sharing, dakota9. I'm guessing your tax rate is about 6.6%, right?
    Also the acq fee of $595 is not included in your cap figure of $43,246, correct? Meaning your total cap cost = sale price of $43,246 + acq fee of $595 for a total of $43,841.
    Just looking to confirm before closing my own deal here in NY.
    Thanks for the info and enjoy the ride!
  • dakota9dakota9 Posts: 4
    That's correct, the $595 was not included in my cap cost figure, and yes my total Cap Cost is $43,841 with a tax rate of 6.75%. I think I could have pushed them a little harder on price, but I was satisfied and they made the transaction very simple. Good luck.
  • virgo626virgo626 Posts: 5
    Hi fitzram,
    I am also looking for MDX Tech pkg. in NYC. Let me know what you get on the leasing.

    thanks
  • fitzramfitzram Posts: 31
    Thanks for the info dakota9. I appreciate it.
  • fitzramfitzram Posts: 31
    Will do, virgo626.
  • rpo6grpo6g Posts: 3
    Hi Car_man, could you please post the current MF and residuals for an MDX w/ Tech for 36/20K per year in MA?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, omadao24.

    Honda Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX with Tech, Entertainment, and 12,000 miles per year are .00133 and 54%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to, urnzway.

    Honda Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX Tech with 12,000 miles per year are .00133 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The residual value for a lease with only 10,000 miles per year is 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey woodeallen. Please see my previous post for the information that you're looking for. Thanks.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rpo6g. Honda Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX with Tech and 15,000 miles per year are .00133 and 53%, respectively.

    15,000 miles per year is the highest mileage allowance that Honda Finance publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bidder5000bidder5000 Posts: 17
    so based on this rate, the monthly is coming in around $657.00 with zero down?
  • star990star990 Posts: 4
    Hi Car_man, could you please post the current MF and residuals for an MDX Advance w/entertainment for 12k/36months?
    I think the lease program changes again sometime in August 1st week, do you think there will be major changes?
    Thanks
  • I got a quote:
    Acura MDX Tech package, including sport running boards, body side molding.
    Monthly payment $655
    Out of pocket $1,700 ( bank, DMV, 1st month).
    36 month, 10,000 miles.
    Brooklyn, NY. Plaza Auto Mall.
  • Kirstie_HKirstie_H Posts: 10,918
    A reporter is looking to speak to consumers who recently got a new vehicle because of the great lease deal. Please send your daytime phone number and the car you purchased to ctalati@edmunds.com by Friday, August 6, 2010.
    Thanks,
    Chintan
    Corporate Communications
    Edmunds.com

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • 135i135i Posts: 17
    no offense... dunno why anyone would buy cars from any dealer in the nyc area, especially bklyn. at lease go to NJ.
  • Hi,
    We are looking to lease a 2010 Acura MDX base model. We have not dealt with Acura for our leases in the past, so I'm wondering how much play there is with these numbers?
    3 yrs/36,000 miles
    MSRP 43,090
    Adj cap cost $38,200
    Residual factor $57% $24,500

    $486/mo incl. tax w/$3,700 down.

    We never put money down on our leases so I am trying to reduce this a little bit.

    thanks!!!!
This discussion has been closed.