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2013 and earlier-Acura MDX Lease Questions

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  • Just to update, finalized my first ever lease
    12k miles x 36 months

    Cap cost $45400
    Mf and residual as mentioned before
    $630 pm with first month advance

    Approx $535 per month excluding taxes, tags and first month payment
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Good catch apocalypso. That was a 36-month lease that I worked up. Sorry for the confusion.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi btomasie. Acura Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2014 MDX AWD Advance with 15,000 miles per year are .00150 and 61% for consumers who qualify for its top credit tier.

    The residual value for a lease with 12,000 miles per year would be 2% higher.

    I haven't seen the money factors for lower credit tiers, but I can check.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Certainly ballhogg. Acura Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2014 MDX AWD Tech with 10,000 miles per year are .00150 and 66% for consumers who qualify for its top credit tier.

    The addition of the Entertainment package has no impact upon the money factor, but it lowers the residual value by 1%.

    If I was in your area I definitely would shoot for $1,000 over and see what happens.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey kywon. 10 years. All I can say is Wow. Here's the information that you're looking for.

    Acura Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2014 MDX AWD Tech with 15,000 miles per year are .00150 and 63% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2WD model are interestingly exactly the same.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sridhars. Using the numbers that you posted, I get a zero down, pre-tax monthly payment of $514.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome dbmdx14. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    This vehicle's payment will depend upon what sort of selling price you are able to negotiate. A price of $46,000 on a 2014 MDX Tech AWD (MSRP $49,460) would be very attractive right now. It would result in a 36-month, 15,000 mile per year, zero down, pre-tax monthly payment of around $528.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi apocalypso. Did you say that money factor is for a 2014 MDX? That looks like the factor for the 2013 model. I wonder if Acura has enhanced its lease program on the '14. I've been out of the loop for a couple of days.

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  • dbmdx14dbmdx14 Posts: 4
    Thanks so much. Do you know how much tax/tag/fees would add? Really appreciate your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dbmdx14. Acura charges a $595 acquisition fee on leases. The taxes, tags, etc... will vary from area to area.

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  • dbmdx14dbmdx14 Posts: 4
    Thanks so much. I was quoted $699/month all in. I thought that was quite high. Your thoughts? Really appreciate your help.
  • mu8318mu8318 Posts: 20
    Hi, I am very very new to lease program. I am looking for 2014 mdx tech and entertainment package. I was offered in nj for selling price of msrp minus 3100 discount using costco program. Could you please let me know what would be the best figure per month for 15k miles per year on a 36 month lease??
  • apocalypsoapocalypso Posts: 12
    Yes, definitely for the 2014.
  • acurabmwacurabmw Posts: 11
    I'm not new to leasing but this will be the first time getting dealer installed accessories. Do these get taken into consideration when calculating the residual? What I'm trying to figure out is if I'll be just paying for the depreciation and interest on the accessories or will I be paying 100% of the negotiated costs. If the later, it seems to make sense to buy the accessories as a separate transaction, DIY install, remove them at lease turn in, and sell them.

    BTW - Getting AWD Tech and adding roof rails, sport step running boards, and rear parking sensors.
  • sridharssridhars Posts: 25
    It comes to around 565 pretax and excl. dealer & state fees - based on the MSRP/selling price you gave.
  • rhanrhan Posts: 1
    I am pretty new to lease and would like to know if my offer is good.

    I got an offer of 2013 base model for $3000 down including associated fees and $452 (pretax) / month for 36 months lease with $23900 residual. Is this good offer?

    Also, if I get the lease, should I get the wear and tear coverage? Someone I know was telling me it is a must. Appreciate any feedback.

    Thanks.
  • mu8318mu8318 Posts: 20
    Hey man, I got msrp minus 2800 discount overall under the costco program for 2014 mdx tech and ent model. Do you think I still have room for negotiation??

    Appreciate your help!
  • acurabmwacurabmw Posts: 11
    Assuming that's on the AWD model, you are at about $1,000 over invoice which is good deal. Even better deal if you are getting the 2WD. Best I could find so far in the Los Angeles area is $1,200 over invoice. What part of the country are you at?
  • mu8318mu8318 Posts: 20
    Hi, yes it's for AWD. I am in NJ. Total figure I got including destination charge is 48,675. You think it's a good deal??
  • Hi, Which dealer in LA area is doing $1200 over invoice? Please give a contact, really appreciate it. Thanks.
  • sridharssridhars Posts: 25
    I am in NJ also. Got it for roughly invoice (45850) for AWD+Tech. Just got my car last night. Leased it though - 36 month/15K/ for 571/month (incl. tax) + 1370 dealer fees/registration/luxury NJ tax.
    So if you are buying, you should try to get invoice price. Not every dealer is at that price point yet.
  • acurabmwacurabmw Posts: 11
    I just bought my AWD Tech tonight at $1,200 over invoice. Not that great seeing some folks in NJ are getting invoice price, but it was the best I could get if I didn't want to wait or drive down to San Diego which had $1,000 over invoice. Is there is a way to send personal message on this forum? I don't want to get my sales person in trouble. Some one posted $500 over invoice Costco program in San Diego and named the dealer. They sold out immediately and got so many inquiries they had to pull the plug on the program.
  • acurabmwacurabmw Posts: 11
    I have excellent credit and was expecting to get the super tier rate MF of .0015 that has been posted on this forum but I got .0016 MF as the sales person and finance guy said that only customers who had previous lease or loan through Acura can get .0015. Can anyone verify if this is true?
  • Which dealer did you go to ? I am also in NJ looking for 2014 FWD Tech.
  • Looking on Long Island for 3 year lease, 12K miles per year, Tech/Entertainment, no money down, tax and destination charge in the monthly payment, what can I expect to pay? Thank you.
  • mu8318mu8318 Posts: 20
    Hey Man, can you share the dealer name. I am looking for the same deal. Thanks in advance.
  • mu8318mu8318 Posts: 20
    Also did you have to pay destination fee also extra apart from invoice price. Sorry if its a silly question. I am new to the lease program !!
  • acurabmwacurabmw Posts: 11
    edited August 2013
    Dealers in LA doing $1,200 over invoice.
    Josh at Acura 101 West
    Daniel at Center Acura
  • sridharssridhars Posts: 25
    Yes it includes dest., final selling price was 45850 (for the lease).
  • sridharssridhars Posts: 25
    I used true car to get a quote. Got invoice price quote from Brooklyn acura and very close to invoice from Sussman acura (PA). Couple of other dealers close to me said " No way" but one reluctantly matched. Both Brooklyn and Sussman were very good on the phone and not pushy.

    We went back and forth between RX and MDX.
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