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2013 and earlier-Acura MDX Lease Questions

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  • mdxlover23mdxlover23 Posts: 2
    edited November 2011
    Hi everyone, this is my first time leasing a vehicle so I need your help. I am leasing a 2012 MDX Tech and received the following quote:

    36 month lease, 15k miles per year (Massachusetts Market)

    MSRP $47,490
    Cap Cost $44,000
    Down Payment $1063.71
    Money Factor 0.00066
    Residual Value $24219.90
    Monthly payment $645.00

    Questions:
    #1. Is this a good deal? and
    #2. How much does the money factor fluctuate each month? Will my monthly payment stay roughly around 645?

    Thanks!!!! :P
  • Greetings to the appropriately named mdxlover23. The money factor that you were quoted looks good. As far as its selling price goes, the dealer invoice price of this truck is $43,628. A cap cost of $44,000 is less than $500 over invoice...which is a pretty good deal.

    Acura's lease program for this truck is scheduled to run through the end of the year.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks Car man! I've actually decided to wait for the re-designed 2013 MDX. I have a few questions for you:

    1. When should this next gen be released by?
    2. Will it be a lot more expensive than the current MDX Tech? Not sure if there was a price jump when the 2007 second gen MDXs came out.

    THANK YOU! :P
  • am1199am1199 Posts: 10
    Its time to replace my 08 MDX with 68k .Overall not bad expierience(just rear brakes and rotors at 53k-360$ ,power steering pump -380$ and blown headlight bulb 170$)We like our Acura but it doesnot look like Acura provides good lease support at this time -56% with .00143 and I am getting to 530$ +tax for the base and 650$- for the tech tream and to get running boards and roof rack (not residualized) it will get payments even higher at the same time folks on GL board are posting 630-700$ numbers for 24month GL leases(68-75k MSRP vs Acura 44-50k MSRP)Are there any good numbers or cash incentives for December for MDX?
  • I just signed the lease order, havent gotten Acura MDX yet because they dont have base model in stock. Can I cancel it now? Because I dont think I got a good deal.

    Thanks so much!!
  • beach15beach15 Posts: 1,305
    edited December 2011
    The current lease rates/residuals on the MDX are quite aggressive, but as even when there was inventory earlier in the year, there is no inventory now and still no need for additional cash incentives. Mercedes operates differently with highly cash incentivized programs, depending on your qualifications, which initially makes it seem payments are close--but look at the overall ownership costs vehicle to vehicle, lease fees, etc. and compare as well. There just is no inventory, given current end of year demand and lower production, so additional incentives are not necessary.

    Is your 2008 MDX paid off or coming off lease?
  • beach15beach15 Posts: 1,305
    Why do you not think you've gotten a good deal? MDX inventory is extremely low, and the rates are still aggressive. Just because someone on Edmunds posted a "deal" with seemingly lower or otherwise numbers does not make it reality. If you were uncomfortable at the time of signing, you wouldn't have signed. It's bad business to make a deal and then back out because you think about it after the fact, and I'm sure it is not a bad deal.

    You can always cancel, have a deposit refunded or otherwise, but why? If your deal was "bad" you wouldn't have done it. What color are they getting for you?
  • jcharytanjcharytan Posts: 1
    edited December 2011
    We put a deposit down today on a lease offer for a 2012 MDX with Tech Package at 10k miles/year (we don't need more than that). The deal almost seemed too good to be true though, so just very curious if this seems to make sense and if it is in fact something we should jump on. We're located in Nassau County on Long Island in NY.

    Here are the details:

    - $589/month with tax already included/rolled in
    - 10k miles per year
    - $1500 due at lease signing which covers first months payment, bank fee, and DMV

    We put down a $500 deposit that will be applied to that $1500 and pay the remaining $1000 when we officially sign.

    Am I missing something here? Did we just get really lucky or is there something not right here and is there something else we should be asking about?

    Thanks!!
  • Just secured a lease on a 2012 MDX base model:

    36 months w/ 15K miles
    $0 down/up front
    $545 a month (including 7% NJ tax)
  • You're welcome mdxlover23. I know that the 2013 MDX is scheduled to arrive some time in calendar year 2012, but that should be pretty obvious at this point ;) . Other than that, I don't know for certain what month.

    Acura has not officially announced pricing for the next generation MDX yet. I suspect that it will be slightly more expensive than the current model, but not significantly so. This is just speculation though.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • i had both BMW X5 and Benz ML, and as USAA customer. First, I hate BMW everything is an option and the interior looking cheaper by last pass. Also the truck isn't any good in snow over 5 inches. The Benz, also not so many options as BMW but better. Better in the snow, but the drive is too soft and classic.
    I went to car brand made famous by the Legend. the Acura MDX drove in between AND NO OPTIONS. i mean i leased MDX advance/w navi for $2500 down for $625 a month. the interior looks like jet fighter. Also last year i saw my neighbor driving in feet in snow while my X5 was stuck. The dealer was led by veterans, so that why he took care me. he thru in running board,remote starter, maintence for life of the lease 36/30 miles. Acura of brooklyn is like big family, and treat you great. In the market Vets go ask Marty, and he has great war stories. A Real Hero Marty Is!!!!!!!!!
  • hpowdershpowders Posts: 4,269
    Hi Car_Man.

    I need the money factor and residual for an Acura MDX base; 36 month lease, 10,000 miles per year.

    Thank you.
  • I went into Acura today, after researching for a year!!!! I was finally ready to make a deal. I went in about a month ago, they pulled my credit and were ready to make a deal but I wasn't. I came back today, ready to lease the 2012 MDX tech package. Here was the deal:

    $2500 down
    .00143 MF
    $595/month
    36 months

    After pulling my credit (again) the score went down (awesome!) and this is what they came back with:

    $658/month
    $2500 down
    48 months

    WHAT?!!!! No, I only want a 36 month lease and made it very clear I couldn't do more than $600/month. I am so upset and actually ended up crying ( I know, I became so attached, don't judge me! I've wanted this car for so long). First of all, my credit probably went down because the jerks pulled it again. Now they are saying I don't qualify for the special financing. Do I walk? I guess there's nothing they can do or else they would have tried to make the deal right? I left super upset and am still so sad I did't get the car!

    I'd love any and all feedback. Oh, you should also know they were selling me the car $500 below invoice. They did tell me to come back with a co-signer and we could do the deal.

    $
  • Hey hpowders. Acura's December buy rate lease money factor and residual value for a 36-month lease of a 2012 MDX Base with 10,000 miles per year are .00143 and 59%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited December 2011
    I'm sorry to hear about the problems that you have been having getting your dream vehicle, dreamnofmdx. Try not to be too upset. Not only do you seem to be on the right track in your negotiations, but there's plenty of fish in the sea...er um cars on the road. If you don't get an MDX then you'll get something else that's just as nice.

    If you don't mind me asking, what was your credit score. I should be able to tell if you qualify for Acura's top credit tier, a lower one, or would indeed need a co-signer by looking at it.

    As far as this deal goes, the money factor that you were quoted and the selling price of $500 under dealer invoice bother are excellent.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • hpowdershpowders Posts: 4,269
    edited December 2011
    Thanks for the info., Car_man! You are always "Super Preferred" in my book!! :)
  • so with no money down what is the lease price on an mdx w/tech....
    a honda pilot fully loaded is about 400 aka 375 for 36/12 no money down, nothing due at signing taxes and title not included..

    i can't tell if honda is a good deal please advise..

    thanks.
  • Car_Man:

    You were of great help to me in my last lease go-around and I am hoping for your help again. Can you provide me this month's info on an Acura MDX Advanced Package, 12K/36m. And what about for after the new year.

    Thanks
  • uvasauvasa Posts: 21
    Experts,

    I'm offer by a NY dealer to turn in my Base 09' MDX for Base MDX 2012 with 3 payments remaing ($ 479/m - 5K Down on original lease) with 0 down, Tax, DMV, bank fee totaling $2400 and same monthly payment $ 479. Is this a deal? Lease is 12K Miles 36 months.

    Thanks in advance
  • I got a call from the dealer I leased my 09 MDX the other day saying he wants to pay off the remaining payments of my car (8!) and put me in a new 2012 mdx base. I know Im getting the song and dance, but my residual is about 21000. How much equity do I have? He says I have 2000. I know I have more. Im thinking I should be able to walk away with the base without any money down and 499 per month. Thoughts?
  • Ha thanks hpowders. Happy New Year.

    Car_man
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  • Hi berrisj1. Through today, January 3rd, Acura's buy rate lease money factor and residual value for a 36-month lease of a 2012 MDX Advance with 12,000 miles per year are .00143 and 54%, respectively for consumers who qualify for its top credit tier.

    Acura is scheduled to introduce a new program some time tomorrow. It is difficult to say what that program will be like at this point. Please feel free to check back with me in a couple of days and I'll be happy to fill you in on what I have been able to find out about the new program.

    Car_man
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  • Hi uvasa. Did the dealer mention what the selling price of the new MDX is? That number will make it much easier to evaluate this deal.

    Car_man
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  • uvasauvasa Posts: 21
    Hi Car_Man,

    Thanks for your response. The selling price would be $39,533

    Thanks
  • You're welcome, uvasa. The dealer invoice price for a base 2012 Acura MDX is $40,296. The selling price that you were given is several hundred dollars under that...which is a very good deal.

    Car_man
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  • vicki12vicki12 Posts: 1
    edited January 2012
    Car man,

    I have a question. I am trading in an acura tl tech in excellent condition with 20,000 miles with 3 months remaining. The dealer is giving me 500 in the deal for that is that fair. He is giving me a lease for 670 a month for 36 mos for an 2012 mdx with tech and entertainment with mudflaps,remote start, advance running boards and all season floor mats. 500 bank fee and tags - taxes included in 670 already - is this a good deal?
  • Hi vicki12. It's nice to see that your current TL is worth so much that you are able to get out of it three months early and get a $500 credit from it to boot. Sweet.

    As far as the new MDX lease goes, you really should get the dealer to tell you what its selling price is. the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is more difficult to tell how large a dealer discount you are being given, and in turn if there's any room left to negotiate.

    Let us know what this number is and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think. If I was in the market for a 2012 Acura MDX right now, I would shoot for a selling price that's as close to its dealer invoice price as possible. You should be able to look up the invoice price of the exact vehicle that you want over in the Acura MDX New Vehicle Pricing page of this site.

    Car_man
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  • am09am09 Posts: 21
    Can you tell is which dealership gave you this price? I am lookjng for 2012 tech mdx 36/15k no money down in northern nj.

    Thank you.
  • am09am09 Posts: 21
    Car man,

    Please post the mdx tech residual value, money factor and a good purchase price for a 36/15k no money down lease. Also, are there any current incentives for this model - i am looking to lease by the end of the month (my current mdx lease ends on january 31st).

    Thank you
  • I'd be happy to help you out am09. Acura's January buy rate lease money factor and residual value for a 36-month lease of a 2012 MDX Tech with 15,000 miles per year are .00126 and 53%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    I don't believe that Acura is currently providing any cash incentives on this model.

    Car_man
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This discussion has been closed.