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2013 and earlier-Acura RDX Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You certainly can cdb68. Acura's March buy rate lease money factor for a 36-month lease of a base 2012 RDX with 12,000 miles per year are .00092 and 57%, respectively for consumers who qualify for its top credit tier.

    When negotiating your deal on this truck, make sure to take advantage of the $1,000 dealer cash incentive that is currently available on it.

    Car_man
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  • ante148ante148 Posts: 8
    Hi-

    I've been looking for a 2009/10 RDX prefer Tech model. I'm interested in buying someone's car off lease and paying you. I live in the New York area, if interested please let me know.

    Most local dealerships are offering 2009 RDX Techs in the $26.5-28K range. If you leased your car with a ~52% residual buyout than that is considerably cheaper.

    Thanks.
  • ajpbf7ajpbf7 Posts: 63
    Hi Carman,

    Would you please provide me with the money factor and residual for the 2013 Base RDX. This would be for 36 months and 10k per year. Thanks.
  • Hi Carman,

    Looking for the MF and residual for 2013 AWD Tech model. 36 months/12k miles. Anyone else able to share what they were able to get on this model?

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ajpbf7. Sorry for the delay in my response, I was away on vacation for a while. Here's the information that you are looking for.

    Acura's April buy rate lease money factor and residual value for a 36-month lease of a 2013 RDX Base with 10,000 miles per year are .00190 and 67%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rkgriffin. Acura's April buy rate lease money factor and residual value for a 36-month lease of a 2012 RDX Tech with 12,000 miles per year are .00190 and 63%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • Thanks Car-man! I am assuming that your post is for the 2013 model and the 2012 is a typo?
  • Initial quote from local dealership in Northeast Ohio for 2013 RDX AWD w/ Tech

    Selling price, MSRP, and cap cost are all the same, 40,305

    42 months
    10,000 miles per year
    581.00 per month
    1738.56 tax
    595.00 bank fee
    283.50 doc. fees

    3210.19 total due at signing

    12.18/mo. for 12k/yr.

    Money factor is .00230

    Residual is 21,361.65 or 53%

    The residual is quite a bit lower than the quote carman gave for a 2013 RDX base above. Money factor also looks high. Is this the dealer trying to make money or are the numbers significantly worse for this model?
  • crw7096crw7096 Posts: 5
    True, your residual is lower. However, that is to be expected since you plan to have the vehicle for an additional 6 months. Older vehicle + more miles = more depreciation = less residual value.

    Honestly at that price and time, you may be better off purchasing the vehicle.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Good catch, rkgriffin, you're absolutely right that was for the 2013 model.

    Car_man
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  • radoncgsradoncgs Posts: 58
    Hi, Carman, what is the current May lease money factor for a 36 month lease of a 2013 RDX with 12000 miles per year? thanks.
  • ashley_sashley_s Posts: 7
    Hi,

    Carman can you please provide MF and residual for 2013 RDX basemodel 36 months with 15k miles?

    Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi radoncgs. Acura's May buy rate lease money factor and residual value for a 36-month lease of a base 2013 RDX with 12,000 miles per year are .00165 and 63%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ashley_s. Please see my previous post for the information that you're looking for.

    Car_man
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  • winmillwinmill Posts: 2
    Hi CarMan

    My local dealer states that the May rate for 2013 RDX AWD with Tech is 58% and MF .00165. What source is providing the 63% residual you are seeing? I want to quote this source to my dealer. I would like to think I qualify for 'super preferred' credit.

    Thanks
  • kyfdxkyfdx Posts: 27,914
    The residual that Car_man gave was for a base model...

    Higher trim lines generally have lower percentage residuals.

    The residual is one variable that the dealer has no control over, so it's not likely they are giving you bad information or trying to make any extra money, there.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • mizzhannahmizzhannah Posts: 1
    I've never leased before, so I don't know exactly what the money rate and residual rates refer to or how they affect the price I should pay. I'm looking to lease a 2013 RDX AWD w/tech package, 12,000 miles. What is the best lease deal I can get with $0 down? I saw mention on Edmunds of an incentive for May, where the dealer picks up the first month's lease. True??

    Also, I see that lease deals vary by month. Should I wait for June 1 or will I get the best deal now?

    Please help a newbie.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mizzhannah. I am not aware of any incentive where Acura is waiving the first month's payment on the 2013 RDX.

    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.

    Acura's June programs for the '13 RDX are exactly the same as its May program was.

    Car_man
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  • r_rebuffor_rebuffo Posts: 3
    just came back from some rdx shopping this past weekend. I live in Miami, Fl. here are my experiences from two dealers, and just to let you know...

    i am 23 years old, first time purchasing car without a cosign, never had any prior knowledge of leasing (residual, money factor, etc.) lol.... my crdit is 700+

    i read about 2 pages of leasing guides on this site so i had very little knowledge when going into dealers.. didnt about money factor, residual or any other factors. ... here are the prices i received. i thought good credit was all i needed.

    1st dealer ... 13 RDX BASE 36m lease was asking for 2,000 down/ 460 month taxes included

    2nd " " ..... 36m 2,500 down/ 454.00 month with taxes included.(after much haggle)

    I didnt ask for money factor or the residual %, as i wasnt aware that these numbers determined price. the 2nd dealer i went to told me price of sticker was not negotiable since the rdx is "hot item" and has been out for 2 months..

    in all i didnt purchase anything i felt i was gettin ripped off. wat do you guys think.
  • maxpower02maxpower02 Posts: 103
    When you calculate the lease using the lease calculator, do you use the MSRP, or the selling price of the vehicle to determine the residual value. I am interested in a 13'RDX AWD/w Tech pkg . The MSRP is, with destination. $40,315. If I negotiate a better price, say $1,500 off MSRP=$38,815, is that the number that goes into the calculation.

    I am new to leasing, read everything about it, but am unsure which number I should use. Thank you for any help you can give me.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi r_rebuffo. The 2013 RDX may have only been out for a couple of months, but I would hardly call it a "hot" vehicle. I'm sure that if you give the dealer that was not willing to discount this vehicle will change their tune. I personally would pay $500 to $750 over invoice for an RDX, that's it. There's enough great vehicles out there that can be had in that range, there's no reason to pay more for an RDX.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi maxpower02. Vehicle's residual values are based upon a percentage of their full MSRPs, including the destination charge.

    The selling price is used to calculate the interest portion of your lease.

    Car_man
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  • honprelhonprel Posts: 1
    Hello,

    Need some help to see if I'm getting a good deal. Was offered a 3 year lease deal of 3k down, 550/month including tax for a 2013 RDX 2WD w/ Tech package. This is for 15k miles a year. Anyone have some insight or have the same lease and what they got. much appreciated.
  • Good Morning Carman,

    We just drove a base RDX (front wheel drive and no extras) and it is now on our short list. The salesman said the then current deals on the RDX were set to expire on Sept 4th.

    Do you happen to have the new MF and residuals - specifically, we are looking at a 36 month lease with either 10k or 12k annually.

    I am guessing they will get more aggressive - Acura and Honda, when they release new product generally keep the price pretty high initially to gauge consumer interest.

    Thanks and have a good weekend,
  • Greetings albert72. Acura's September buy rate lease money factor and residual value for a 36-month lease of a 2013 base RDX with 12,000 miles per year are .00170 and 62%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The residual value for a lease with only 10,000 miles per year would be 1% higher.

    I suspect as well that the RDX's lease money factors will improve as the model year progresses.

    Car_man
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  • albert72albert72 Posts: 141
    edited October 2012
    Thanks Car Man. Got delayed a bit but our first choice will be the RDX. Can you tell me if the info from your Sept 11 post is still current? I have done a cut and paste with the info you provided in that post below. I appreciate your help.

    Base RDX with front wheel drive:

    "Acura's September buy rate lease money factor and residual value for a 36-month lease of a 2013 base RDX with 12,000 miles per year are .00170 and 62%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Residual value for a lease with 10,000 miles per year would be 1% higher. "

    Also, any idea if it is reasonable to get the car at invoice?

    Last question, we have no plan B yet if we cannot get the RDX at an acceptable price. Any other suggestions for an upscale SUV that is similar in size?

    Thank you again and I will post details once we get a car.
  • You're welcome albert72. Acura's September lease program for the 2013 RDX remains unchanged in October.

    I doubt that you will be able to negotiate a selling price of straight dealer invoice on a 2013 RDX, but I suppose that stranger things have happened.

    Have you checked out the Lexus RX? It's a fairly similar vehicle in many respects.

    Car_man
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  • albert72albert72 Posts: 141
    Car man,

    Can I also get the MF and residual for an all wheel drive RDX (without the NAV). Looking at 36 months and either 10k or 12k per year.

    Seems like there are not a lot of the front wheel drive RDX's on the lot so I need to have a plan B.

    Thank you,
  • Here you go albert72. Acura Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2013 RDX AWD without navigation with 12,000 miles per year are .00170 and 62%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 10,000 miles per year would be 1% higher.

    Car_man
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  • albert72albert72 Posts: 141
    Car Man,

    Going to need to bug you again. I did not realize that the headlights for the non-tech RDX are halogen and having HID lights really helps me at night.

    So then,

    can you tell me the MF and residual for the RDX on a 3 yr. 36k lease and would these #s be the same for a front and AWD? If not, if you can give me the front wheel drive with tech that would work.

    Also - any guess if the numbers would become more favorable in Nov or Dec?

    Lastly, can you or other readers comment on the tech package draining the battery? I thought I had heard of some people having batteries go dead if car is left for a few days without starting it up - not a good thing when leaving the car for a week at the airport.

    Thanks again for all of your help.
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