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2013 and earlier-Acura MDX Lease Questions

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Comments

  • 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.
  • I have this offer:
    turn in my 2010 MDX Base Model with 7 payments of $575
    drive out a 2013 MDX Base Model--dealer pays first payment of $500, 36 mo lease
    I pay $150 registration, etc.
    Comments please!!
  • hecarahecara Posts: 18
    Anyone know the December MF, Residual and Pricing for on 2013 MDX with Tech package? Looking through the posts I have as follows:

    Selling price: $42,850 (with $1500 dealer incentive)
    MF: .00123
    Residual 51%

    Also, if the a $1000 Acura loyalty incentive?

    Thank you!
  • Hi siriba. $41,000 is a very attractive selling price for a 2013 MDX Tech. I think that you did well. Enjoy your new ride :shades: !

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Here's the information that you're looking for hecara. Acura's December buy rate lease money factor and residual value for a 36-month lease of a 2013 MDX Tech with 15,000 miles per year are .00123 and 52% for consumers who qualify for its top credit tier.

    The dealer cash incentive on the 2013 MDX was raised to $2,500 earlier this month. Make sure to take all of it into account during your negotiations.

    I am not aware of any owner loyalty cash on this model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hecarahecara Posts: 18
    Wow Car_man! Thanks for responding! My parents are looking at the MDX. They aren't sure if its with or without Tech. I will find out tomorrow.

    Are the residuals and MF the same for an MDX without Tech? Is they $2500 available as well?

    I'm looking at the RDX and will post in that forum. Thank you for your time. Your help and knowledge is invaluable!
  • hecarahecara Posts: 18
    Would some please post the MF, Residual and selling price for MDX base? These are the numbers I came up with but I want to make sure I'm working with the right numbers and calculations.

    Purchase price: $38,524 ($42024- $2500 dealer incentive-$1000 loyalty= $38,524)

    Residual: 55% ($21188.20)

    MF: .0009

    Acqusition fee: $595

    I calculated $598 as monthly (12K miles per year)

    Is this correct? Car_man or anyone else?

    THANKS!
  • Residual based off of msrp, not purchase price.
  • Can someone please share December MF, Residual and dealer incentive on 2013 MDX Base and Tech Package with 10k miles per month ?

    Also what would be the target negotiated price for both the models ?

    Thanks.
  • thank you car_man. i am happy to see your reply.
  • Dear Hecara,
    just bought 2013 MDX with tech on dec 10th. below is my details of purchase. i did not put any money.
    selling price: 41000 (with all incentives)
    Lease for 36 months (i pay only 35 months): 553
    residual is: 25,850
    good luck.
  • Would like to know if the below is a good deal for a 2013 MDX

    MSRP $47,850
    Discount 6,750
    Pro Pack 659
    Purchase 41,759
    Lin & Fees 881
    Tax 501
    Total 43,141
    Residual 54 %
    Pay with $1000 568

    Basically monthly payment of 568.

    Thanks for your feedback in advance
  • grsk78grsk78 Posts: 3
    edited December 2012
    Dear Car_man,

    Would like to know if the below deal is a good one..

    MSRP 49,750
    Discount 7,000
    Pro Pack 659
    Purchase 43,409
    Lin & Fees 881
    Tax 521
    Total 44,811
    Residual 53%
    Pay with 600
    $1,000

    Thanks in advance for your feedback
  • grsk78grsk78 Posts: 3
    edited December 2012
    Dear car_man,

    Please let me know if the below is a good deal for 2013 Acura MDX w/ Tech package

    MSRP $47,850
    Discount 6,750
    Pro Pack 659
    Purchase 41,759
    Lin & Fees 881
    Tax 501
    Total 43,141
    Residual 54 %
    Pay with 568
    $1,000

    Thanks in advance for your feedback
  • You're very welcome hecara. The $2,500 is available on all 2013 MDX models through January 2nd.

    The residual value for the '13 MDX without the Tech package is 2% higher. Tech knocks 2% off.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Here you go hecara. Through January 2nd, Acura's buy rate lease money factor and residual value for a 36-month lease of a 2013 MDX Base with 15,000 miles per year are .00123 and 54% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello vbosmiya. Through January 2nd, Acura's buy rate lease money factor and residual value for a 36-month lease of a 2013 MDX Base with 10,000 miles per year are (10,000 miles per month would exceed your allowance ;) ) .00123 and 57% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 MDX Tech are .00123 and 55%.

    If I was in the market for this truck right now, I personally would shoot for a selling price of $500 or so over invoice minus the available $2,500 dealer cash.

    Again, Acura's new January programs are scheduled to come out tomorrow.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • You're very welcome siriba.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Carman, can you post the January numbers for an Acura Mdx with Tech package? Residual and money factor for 12k and 15 k miles? Also are there any incentives or dealer cash for January? thanks!
  • I too am looking for the January residual and money factor for a 12k 36 month lease. Thanks in advance for any updates! :shades:
  • Car Man,

    Do you have the January Money factor and resdiual? any dealer cash?

    Thanks, a nd GREAT site!!!
This discussion has been closed.