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2013 and earlier-Acura RDX Lease Questions

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  • ms5343ms5343 Posts: 1
    edited August 2013
    Hi CarMan and everyone with more experience than me,

    I'm looking to lease (for the first time) a 2014 RDX very soon, granted the price is right. When you get a chance, can you please let me know what you think of the quote below? There doesn't seem to be any incentives from Acura that we qualify for at this time and I'm wondering if I should go ahead with the deal, negotiate more, or hold off and wait for an incentive.

    2014 RDX AWD, with Tech Package and Remote Engine Start
    10,000 miles per year
    Lease Term: 36 mos.
    MSRP: $40,914
    Negotiated Price: $38,350
    Money Factor: 0.0015
    Residual: 61%
    Wisconsin tax: 5.5%
    $0 Down

    $1450 due at signing which includes 1st month, title, registration, acquisition fees.
    $518 monthly payment (including tax) thereafter for 35 months
    Monthly payment = $493.50 pre-tax

    What do you think? Your advice will be greatly appreciated. Thanks.
  • xian5681xian5681 Posts: 13
    Did you ever get more details on the model... I'm looking to do the same deal in Socal.
  • unfortunately, the deal expired already. I didn't get the deal due to a personal issue. I don't have the dealership name because I got it from my friend, who is like an independent agent has contracts with different dealerships. I can't even get the similar deal now. The latest quote I received from Auto Plaza Mall is 434 including tax as monthly payment, with 3.6% interest rate, 61% residual value, 10k miles.
  • Hi CarMan,

    I was given this deal on a base model 2014 RDX Front Wheel Drive in Southern California:

    MSRP $35,415
    Selling Price $32,415
    Residual $22,311.45
    MF .00150
    $2000 down
    35 months/12K year

    Monthly payment: $325 plus tax

    Good deal?
  • fitzramfitzram Posts: 31
    Those numbers don't quite work out for me. Based on your info, I'm calculating a monthly pymt of $311. Did you add some accessories that you didn't mention? The $14 mo difference would equate to about another $500 in cost.

    Chris
  • I cannot find the money factor on the current lease offer from Acura for the RDX AWD with Tech that expires on 9/3/2013. Anyone know it?

    When I run the calc on the Acura website it shows a 685.85 a month for lease amount of 40,515, 12k mi, and 36 mths. My dealer told me the money factor is .0014 but this seems like a high monthly payment for that money factor. When I back into the money factor based on these numbers I come up with a money factor = .00331. What am I missing?
  • lghoover,

    You are missing two items:
    1. Sales price (aka capitalized cost)
    2. Residual value

    You need that information as well as the MSRP and money factor in order to calculate the monthly payment.

    FitzRam
  • .0014, if you use the special "ZERO due at signing program"

    Moderator - Prices Paid, Lease Questions, SUVs

  • Yep got it, thanks. I was trying to verify what the dealer told me that the current Acura money factor is correct and it appears it is (.0014 / 3.36 APR). I think I can do better, seems high to me...
  • Thanks so much! My dealer claims they can better the lease deal from Acura. This is my first lease, is it common practice to negotiate a better money factor offered from the dealer? If so, what is reasonable from your experience if we use the Acura deal of .0014 as a baseline?
  • Your dealer may be able to offer a better lease than the nationally advertised example.. that really isn't all that hard to do.. they just have to sell it for less money than assumed in the example..

    But, they can't offer a lower money factor on that lease. (of course, in your example, they didn't say that..)

    Moderator - Prices Paid, Lease Questions, SUVs

  • I have negotiated what I think is a good deal with several accessories, but was wondering if I had any leverage on the money factor. I now realize I can't play hardball on the MF, so this gives me my direction.

    Thanks so much for your help!
  • row2row2 Posts: 3
    Hi Car man

    Please let me know if this is a good deal.

    I have the following deal

    Cash 4000
    36 mths 428.65 including taxes(10000 miles)
    residual 23469
    Selling price of car 36200
    MF 0.0017
  • Hi Carman,
    Can you tell me if this is a good deal, before I pull the trigger:

    $0 down lease with only first-payment due at signing, 12K miles/year, .00150 money factor, 12,000 miles/year, on a 2014 RDX AWD nonTech is $469.84 plus tax/month. This is based on a sale price of $35,320.96 ZAG program special pricing structure.

    The residual is .62 so the gross cap cost is $36,533.96 and the adjusted residual is $22,825.30.

    Thank you for your help, really appreciated :)

    Steve :shades:
  • It seems kinda high.
    This guy in Brooklyn NY listed for only $399 plus tax. no money down.
    I am sure you can negotiate with the prices.
    http://www.legendleasing.com/2014_Acura_RDX_AWD
  • Wow, thats does seem pretty low? How do they do that??
  • stevef4stevef4 Posts: 11
    Carman or anyone,
    I need residual and money factor
    for Northern Cali( bay area)
    2014 RDX w/ tech Fwd 36 mo /12k
    About to pull trigger but need this info
    Thanks
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,914
    The RDX has a special money factor of .00150 that carries over from September, but I don't have residual information.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • cowboys900cowboys900 Posts: 1
    edited October 2013
    Hi, can someone please advise what the current Money Factor and Residuals are for the 2014 RDX AWD NON TECH model? 36 months @ 10k miles per year?

    1-What is the Acquisition fee?
    2-What is the Disposition fee?
    3-Have you found any dealers willing to neg on them?

    Thanks!
  • mw12mw12 Posts: 5
    2014 RDX (no Tech Pkg). Cap cost $34,300. MF is .0015. Residual is 60% for 36 months, 15K/year. Monthly payment is $449. Taxes, title, etc extra. This is without down payment to reduce cap cost. What do you think of this lease? Thanks.
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