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2013 and earlier-Acura RDX Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi golfball. Despite the fact that the 2008 RDX's money factor increased from .00082 in June to .00154, its July lease program is significantly better (around $30 per month on a typical model). How is this possible? I'll tell you. Acura is now allowing the $2,500 dealer cash that is is providing on the '08 RDX to be used in conjunction with its special lease program.

    Car_man
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  • af145af145 Posts: 31
    Car_man,

    A week ago the note on the $2500 incentive was that it couldn't be combined with a lease. Right now it looks like it can go with a lease, but not with financing. Why did the wording change? Also, what about the residual -- did it stay the same as before 7/8?
  • Congratulations on a great deal! Now that you've had the car a few days, how do you like it? Fun isn't it.?
  • zheka212zheka212 Posts: 57
    Hello All,

    I apologize in advance for adding to the spam, but I simply can't take this anymore.

    "How do you like it?" Are you serious? Is there not an "owner experience" forum for that? Over the past 4 years I have used these forums to lease 4 cars for friends and family, and the info I look for is always the same:

    MSRP
    Invoice
    Residual
    MF
    Applicable incentives
    Miles allowed
    + state specific taxes and DMV fees, but this is really not necessary.

    Over the past 2 months, I think there have been a total of 2 posts (one of which mine, and not fully compliant with the above format, so GUILTY) that contain the above info.
    "Have I got a good deal? I'm being offered $2,500 drive off and $450, and I'm in CA"
    Is that really a question ANYONE except the author can answer? Can people possibly read at least SOME of the previous posts to see what info is necessary to compare deals? Do you honestly expect someone else to research local taxes and fees so they can decompose your deal and tell you if yours is "good" (i.e. is within the $500 range from invoice, which Car_man defines as being good)?

    Why are there discussions about the merits of leasing a car with 18K miles per year? Everyone in here is an adult (presumably) and has their own reasons for seeking a particular deal. Those not familiar with leasing can read the FAQ for the site and save a lot of reposts for Car_man ("no, it's not a good idea to give a large down payment" appears at least once per page).

    What I am trying to say, is that this community -- very useful in the past -- is becoming a place for people to run their mouths, not share information. If you want to let the world know you love your RDX -- update your status on Facebook, you would be amazed at the response you'll get. This resource (was) meant to provide a place to share deal-specific info so we can all be more educated consumers as a group -- and that requires sharing the data points I mention above. Take the time to read your lease and post them; make sure you get them from the dealer you are working with if you are still considering, and I promise you, you will be able to answer the "am I getting a good deal" question all by yourself.

    Car_man, I apologize if my views do not reflect the spirit of this forum, but I suggest going to a more "moderated" forum model, where posts that do not belong get flagged and removed, and the "I know nothing about leasing" questions get referred to the FAQ section so less time and screen space is waisted for everybody.

    I hope that when I look for a car for my dad next year, I can once again use these forums to get the info I need, and not read another sobbing story of how "I don't understand leasing at all".

    PS> please don't respond to this, this is only MY OPINION, but I would hate to start yet another message exchange UNRELATED to leasing an RDX, or leasing alltogether.
  • Hello Zeke,
    Unlike you, I am fairly new to this forum and have found it immensely helpful. When I asked how the person liked their new car, it was simply a question. If someone with infinitely more wisdom about the forum wished to admonish me to go the the "owner experience" forum, I would have happily done that. Regardless of your insults, I think this forum is great and when I started looking for my car it helped tremendously. Because you are an expert on the site, I'd advise you teach us newbies when we post subjects that would be best served in other forums.
    You must have got up on the wrong side of the bed. Hope you have a better day.
  • cat25cat25 Posts: 6
    I have been offered a sign and drive (zero down) at $410 per month (plus tax) for 36 months/36K miles (for base car) and $450 per month (plus tax) for the same term and mileage for the RDX tech model. These are Miami dealerships. Are these good deals?
  • af145af145 Posts: 31
    Ask them what they mean by "zero down". Drive-off payment always includes the first month. What about the bank fee ($595) -- is it also paid up-front? Title and License? The difference between base and tech seems too low; it should be at least $50, usually $60.
  • cat25cat25 Posts: 6
    i was assured that it was a true zero out of pocket, which means no first payment (i only make 35 payments) and no other fees. The cap cost for the base model is $29,066. the difference between the base and tech was higher a couple of weeks ago when i first started communicating with the dealers, but it came down to the $40 difference. i can't get any other dealer to come down any further or to give me a better deal. what do you think?
  • af145af145 Posts: 31
    Off the bat, this sounds very good. However, to confirm that, I need residuals on both models and the Money Factor. Is MF 0.00154?
  • cat25cat25 Posts: 6
    i was told by the salesperson that the money factor on the RDX base is .00154 and the residual is 52%. He also told me that the money factor on the RDX tech is .0010 and the residual is 50%.
  • af145af145 Posts: 31
    So the difference in the MFs is responsible for the smaller difference in the payments for base and tech. OK, that makes sense. You are getting the Tech for about 32.1K including the bank fee, which is certainly a steal. For the Base, it looks like the Cap Cost you mentioned includes the bank fee. Once again, that's a very good deal.

    Having driven the Tech model, I'd say go for the Tech, but it's really up to you. Just be generally caucious: make sure there is no disposition fee or other strings attached to the deal, like mandatory service at that Acura dealer.
  • cat25cat25 Posts: 6
    Thanks. I'll let you know the outcome. That is my fear too; walking in to sign the papers and having all sorts of fees presented to me.
  • cat25cat25 Posts: 6
    I just got the Acura RDX Tech, 36 month lease, 10K miles per year, $410 (pre-tax) per month and $1339.00 down at lease signing.
  • mlassitmlassit Posts: 5
    End of lease on BMW x-3; can turn into Acura dealer and for $1400 I can get RDX tech w 3yr/36 mi lease for $510/m but includes add on of a luggage rack (I want). Dealer in VA . Thoughts on whether good or bad deal or somewhere in between.
  • mlassitmlassit Posts: 5
    Dealer in VA - 2008 AcuraRDXTech

    MSRP $37410
    Roof rails $587
    Discount $5597
    Difference $32400
    Tax $1048.77
    Tag and title $63.75
    Proc Fee $399
    Total $33,911.52

    $0 Down
    3yr/36kMi
    Pmt $517

    Residual value $18,331
    Money Factor 0.00101

    If someone could respond today, that would be great. From looking at other deals on the board, not convinced I'm getting a deal.

    Thanks!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi af145. Acura decided to start allowing the $2,500 Honda Finance bonus cash that it is providing on the RDX to be combined with its special lease program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Acura RDX with 15,000 miles per year are .00154 and 48%, respectively. The residual value for a lease with 12,000 miles per year would be 2% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Congrats on getting your new RDX, cat25. Thanks for taking the time to share the details of your lease with everyone. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I am located in NY and went to my first Acura dealer today to price a lease for a RDX tech. I currently own an 07 CRV that I'm sick of and will be trading in.
    I wanted a 24month 15k mile lease. The only offer given by the dealer was $597/m!!!! and 1300 down. Is this dealer crazy or is it just me?

    Is a 24month lease a bad move? I like to change cars often and really don't want this car for 3 years.

    How would you go about negotiating a good price for an RDX?

    Seriously, any advice is really appreciated.
  • af145af145 Posts: 31
    Now is not a good time to lease an RDX, unless they still have the 2008 model. The 2009 is about $5K more expensive than 2008 since dealers would likely try for MSRP, and there are no incentives. All you are getting for the extra money is the power passenger seat!

    Basically, without knowing any details (cap cost, money factor, residual), $597 sounds adequate. But I certainly wouldn't go for that price. Just shop around (by phone) for a month or two.

    One point is that if you are so sick of the CRV, maybe you should try a different manufacturer instead of sticking with Honda. Just a suggestion, no offense.
  • Gooch5
    I thought price increase was $500 for the base & $300 for tech.
    Steve
This discussion has been closed.