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2013 and earlier-Acura MDX Lease Questions

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Comments

  • xitegxiteg Posts: 1
    Wow this is an amazing thread!

    Just recently (mid October) went to Rick Case Acura in Fort Lauderdale, FL trying to trade in my 2012 base model MDX. Wanted to get rid of it due to the gas mileage and it did not have a few features that I now want.

    The dealer only had a single 2014 MDX AWD Tech on the lot so I did not really have much of a choice.

    The dealer wanted $4,000 down but I told him that I would only do $2,000 and he wanted to put me into a 48 month lease. My 2012 MDX is 3,000 miles under with no issues at all. I am not sure why they tried to quote me with a $721/month payment. The dealer then told me to wait till december as they are having better deals. Does this sound right? I am thinking they wanted me to pay two more payments on the car which would be about another $1,100.
  • Here is a price quote I received from a dealership that I've already purchased 2 prior vehicles from. I think they can do a lot better than this!

    MSRP: $49,460.00

    Discount: $1,000 + $500

    Total Discount: $1,500

    Your Price for Vehicle: $47,960.00

    Money Factor Assuming Excellent Credit: .00170

    Residual at 15,000 Miles Per Year on a 36 Month Lease: .60

    Monthly Payment with First Month Payment Due at Signing: $764.72

    What are your thoughts?
  • I hesitate to reply because every deal is so different and sometimes terms are interchanged making it hard to compare apples to apples (i.e. down payment versus out of pocket expenses). The only thing I can tell you is that I just bought the same vehicle in NJ and dealers are negotiating prices slightly above invoice for this car so the $1,500 off doesn't seem like you're getting the best deal out there. Use what people paid on this site and there are others out there (mdxers) to see what people are paying for that exact car.

    Again, there were other factors in my deal that clouded the final number but I can tell you I went in with invoice as my starting point and I wasn't kicked out of the dealership so take the time to gather all the facts of what others are paying and go from there. I think once you do that you'll see that this price is too high in my opinion.
  • Yes there is noway I would pay over invoice, especially since this would be the 3rd car from the same dealership. I am not paying anything down, the only out of pocket expense would be 1st month's payment. I know the rules are different from state to state in regards to sales tax for a lease. In Maryland we have to pay tax on the entire price of the car.
  • I been offered by dealer this price, how good is it:

    MDX AWD Advance
    one-pay lease interest rate 2%
    36 months/12,000 miles per year, $27,537.71
    The one-pay is all-inclusive – payments, taxes and inception fees
    Residual price $34,440.00
  • Hi,

    What is the December MF & Residual Value for the following

    2014 SH-AWD Base for 10K / 36 M
    2014 SH-AWD with tech for 10K / 36 M
  • kyfdxkyfdx Posts: 28,644
    I don't have the MDX money factors.. but, here are the residuals.

    2014 SH-AWD Base for 10K / 36 M
    64% residual

    2014 SH-AWD with tech for 10K / 36 M
    63% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi, This message is to one or both of the wonderful Edmunds Hosts

    I currently live in N. Cal and I've recently requested pricing for an MDX Standard Package. I have 2 questions:

    I'm in a bit of a hurry because I need to buy a car this weekend :-)

    1) is the residual percentage fixed? Based on 10K miles I've been quoted 63%, 64%, and 65%. Can the residual percentage be negotiated?

    2) I'm getting quotes for money factors at .0017 and .0016. These rates seem high. I'd like to get that rate to .0012. Is that realistic? Is the rate more or less fixed? Should I try for lower than .0012?

    Thank you!
  • kyfdxkyfdx Posts: 28,644
    The base MDX with a 36mo, 10K/yr term has a residual of 64%

    I don't have money factor information on that model, though..

    Residuals are fixed by the bank.... anyone quoting a different residual probably isn't taking the time to look it up, or isn't accounting for the mileage allowance. The dealer has no power to change the residual.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • elanspelansp Posts: 36
    edited December 2013
    Just picked up 2014 Base model MDX. No additional options. $45k MSRP, Gross Capitalized Cost - $42.9k. ($42.28k for cost of car plus $595 acquisition). Adj cap cost - $41.9k. I traded in my 2009 MDX Base w/44,800 miles for $2k -positive equity (They gave me $20k) which i used as downpayment. I could have probably squeezed them a little more on this based on kbb. I gave them no out of pocket money (outside of $2k from trade in) and walked away with a $475/mo monthly payment - 36mo, 10k - 1st month payment baked into calculation along with taxes and all doc fees.

    As mentioned I probably could have squeezed a bit more on my trade-in but I think pretty reasonable.
  • Hi, can you please tell me which dealer is it and where it is located, and who did you work with?
    Thanks
  • Hi All,

    I have negotiated MDX with tech for 45078, and trying to get it for around 44750, please let us know if anyone had any success, I am planning to close on this Saturday.
    If anyone in NJ is looking for one, we can tag along and get a better collective bargain.
  • suv3rowsuv3row Posts: 3

    hi shravanc,

    Is the quote for mdx awd with tech ? Who is your dealer ? I am looking at different suvs and i have short listed acura/audi/infiniti.

This discussion has been closed.