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2013 and earlier-Acura RDX Lease Questions

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  • I'm sorry to post this on this but I just literally bought the 09 RDX with Tech in early January of this year and I need to sell it because my wife and I have to move because of her job status.

    I purchased the car for $35,800 with taxes included.

    Its White Diamond Pearl with ebony interior and has 220 miles.

    The car has added accessories such as step rails, body side moldings, and a roof rack and an Acura installed alarm.

    Does anyone know what I should sell the car for? or should i just bring it back to the dealer? ( i know they will jerk me)
  • hewittphewittp Posts: 14
    Mets2009, where are you located? Let us know the price if you go to the dealer to trade your vehicle. I'm not really in the market for the RDX but if you want to sell it privately at a price just slighty higher than the dealer's, please post. Thanks.
  • hey Hewittp,

    I'm in NYC..Privately i'm thinking of selling it for $34K. I think thats fair. The only thing is that I havent received the title from the DMV. Its been over 3 weeks since i purchased the car. I can't sell the car without the title. Let me know if your interested.

    Thanks.
  • hewittphewittp Posts: 14
    Hi Mets2009,
    The $34K seems a bit high for an already "used" car (technically speaking). I've seen prices from mid $32K on this forum for an 2009 RDX Tech.
    Anyways, good luck on selling your car. Regards.
  • Hi Mets2009. I don't believe that you are going to receive the title to your RDX from the DMV if you are leasing it. The bank that you are leasing your vehicle through, likely Honda Finance, holds the title unless you buy your truck from them.

    As far as how much you are going to be able to get for this truck goes, I personally doubt that you will find anyone who is willing to purchase an MDX that is technically used for much more than $31,000. A savvy consumer who is in an area that has a decent level of competition would likely be able to get a brand new one near dealer invoice minus the $2,500 dealer cash that is available on it...around $32,250.

    Car_man
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  • Good or bad offer ?Just got an offer for RDX tech with $750 down, 10K miles, 39 months @ $491 + tax. Does that seem OK, and would they do better at end of month ?
  • Car_Man

    Current MF and residual for the South East Coast on the RDX Base please. They haven't been very favorable lately from what I can see for the Tech pkg, but have not seen any current info. for the base lately.

    Thanks!

    tlinsc
  • Hi billri. You never mentioned what this vehicle's selling price is. This is a very important number for you as a lessee to find out. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are getting and in turn whether there is any room left to negotiate. Let us know what this number is and I am sure that either myself or another knowledgeable community member will be happy to give you their opinion on it.

    Car_man
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  • Greetings tlinsc. This vehicle's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

    Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura RDX Base with 15,000 miles per year are .00250 and 47%, respectively for consumers who qualify for its "Super Preferred" credit tier. You will be able to get a slightly lower payment on a 39 month lease. The money factor for that term is the same, but the residual value is 1% lower.

    Car_man
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  • Has anyone considered trying to get out of their RDX leases in favor of a newer model? I nearly paid sticker on a lease in Sept 07 for an 08 RDX Tech model. 09 Tech are cheaper still. Eager to hear any experiences to help guide in the process.
  • tlinsctlinsc Posts: 3
    Are there better terms for the 36mo rdx base with 15k miles per year this new month?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome, tlinsc.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gasket100b. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates, even if you are trying to get into a newer version of the same vehicle. In order to do so, you need to purchase the RDX that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You probably will find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi tlinsc. Honda Finance's March lease program for the 2009 RDX is very similar to its February program. It is still providing $2,500 dealer cash on this vehicle. Its residual values have dropped by 1%, but to help offset that Acura has enhanced its special lease money factor to .00215.

    Car_man
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  • p996p996 Posts: 56
    Can you please give me the RDX March rates for a 24/15000 lease and a 36 month as well.

    Thanks!
  • jbpiperjbpiper Posts: 3
    I have been given the following offer that seems pretty solid to me:

    - MSRP: $34,455
    - Invoice: $31,990.32
    - Purchase Price (Cap Cost): $28,950
    - Acquisition Fee (added to Cap Cost): $595
    - Actual Cap Cost: $29,545
    - Months: 36
    - Miles per year: 10K
    - Money Factor: 0.00215
    - Residual: 49%
    - Total Monthly Payment: $489.92
    - Drive-off (still confirming what is in here): $815.50

    Interested in thoughts on this.
  • anyone have the money factor and residual for a 2009 rdx with technology package? Assuming a 36 month term with 10k miles per year.

    Existing Honda Finance customer with excellent credit...

    Also if anyone has any recent price paid info for the SoCal (LA) area i'd appreciate it...

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi p996. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a base 2009 Acura RDX with 15,000 miles per year are .00215 and 53%, respectively. The numbers for an otherwise identical 36 month lease are .00215 and 46%.

    When negotiating your lease on this vehicle, make sure to take the $2,500 dealer cash that is available on it into account.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the info that you're looking for, amgrouchy1. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura RDX Tech with 10,000 miles per year are .00215 and 48%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    When negotiating your lease, make sure to take advantage of the $2,500 dealer cash that is currently available on this model.

    Try stopping by the "Acura RDX Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately.

    Car_man
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This discussion has been closed.