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2013 and earlier-Acura MDX Lease Questions
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"The dealer invoice price of a 2009 Acura MDX with the Tech and Entertainment packages is $43,321. If one subtracts the available $2,000 dealer cash from that it drops to $41,321. The selling price that you were quoted is around $850 over invoice. That's pretty good"
So paying $44,171 is good? I thought that we should be looking for prices that are about $2000 *below* invoice?
Also, you said that a 36m lease with 12k should be "2 points higher" than 15k...from Honda Leasing. Does that mean I should be able to get 51% residual vs 49%?
Thx for any advice you might be able to provide...Seems like a good time to buy!!
Car_man
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Honda Finance's 12,000 mile per year residual values are 2% higher than its 15,000 mile per year residuals.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Any thoughts?
Can I have the updated figures for a 2009 MDX Base and MDX with Tech using 10,000 miles per year? I saw some older figures and I wanted to confirm.
Also, given your numbers, is the best strategy just to call around with the figures and see who bites?
Thanks in advance.
Car_man
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When negotiating your lease on this truck, make sure to take the $2,000 cash incentive that Acura is currently providing on it into account. If I was in the market for an MDX, I personally would figure out exactly how much I wanted to pay and then physically visit dealers to see if they are willing to take what I want to give them...but that's just what I would do.
Car_man
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I've been in the US for 4 months and therefore have next to no credit history. I would like to buy a new base MDX. I have cash for a big deposit, maybe up to $10k.
My main aim is to keep my payments below $500p/m. When applying for a lease, would the larger deposit allow me to take advantage of the best rates? If not, what else can I do to get the lowest money factor?
Your help is appreciated.
The best bet for someone with a limited credit history would probably be to finance a less expensive vehicle. Your large down payment will have more of an impact upon whether you are approved to finance a less expensive truck.
Car_man
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Can you give me the residuals and MF for 09 MDX in Base, Tech, and Sport for 12k miles per year. Not sure if there is going to be a change for August numbers but if you have them that would be great. Also is the only current incentive of cash the $2K dealer cash? Holdback is 3% on Acura's correct?
Thanks for all your help in advance.
Cndnbkn
At the same time, Acura are running a lease special with a cap cost reduction of about $6500, with $2899 up-front (excluding tax, license, title, registration, documentation fees) and $499/month for a base model for an MSRP of $41,800.00, money factor 0.00196, residual value 51%. In other words, the lease company is essentially discounting the purchase cost of the vehicle. The dealer tells me that a similar deal is available for the tech package, with the same money factor and residual value 48%.
My question is, if I go for this lease special, can I still negotiate the price on top of the cap cost reduction that comes from the lease? I know I can get a better-than-MSRP price for a cash deal, but is the lease deal essentially "pre-discounted"? Are the dealers eating any of the discount that the lease deal offers or are they still making MSRP + $2000 incentive + 2% holdback - invoice price?
Any help would be appreciated!
is this your first time leasing? you should know that leasing a car is just like purchasing in that you can and should negotiate the purchase price always, instead of quoting from the advertised special itself. you could probably get a lot more than that discounted in today's market.
When negotiating your lease, make sure to take advantage of the $2,000 dealer cash that is currently available on this model.
Car_man
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Thank you MAF
TMV is with 2K off. I believe you can do better then TMV (depends on dealer, some negotiate and some dont) I was able to lease MDX base in NJ for 35,800 but could have done better just got tired of negotiating.
Check price paid forum. Negotiate as if you are going to finance, after you are happy with the price tell them you want to lease, makes it a lot easier you will not have to listen to the BS about payments.
Remember again the dealer is selling the car, not to you but to the bank, so only talk about your sale price and dont talk about payments because the dealer will make you give him more money upfront to keep payments lower.
The 2nd dealer immediately quoted me $1000 below invoice for a car with Tech. When I resisted b/c I didn't really need the entertainment package (which was the only option for the color combo I wanted), he came down to $1775 below invoice. Done. The car is in my garage now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
When negotiating your lease on this truck, make sure to take advantage of the $2,000 cash incentive that is currently available on it. Doing so should enable you to negotiate a selling price that's well below dealer invoice.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Kindly advise
IM looking for the same car, Did you lease or buy?
Would you be able to give me the details of the transaction/ Dealer?
Thanks
Daniel
2014 Buick Enclave Premium Edition
Appreciate a quick response as I am planning to make a decision by the weekend.
2014 Buick Enclave Premium Edition
I have leased at least 20 vehicles over the past 25 years and have never paid the taxes up front. They are always added to the payment. You need to question your dealer heavily on why he is trying to double dip on the taxes.
2014 Buick Enclave Premium Edition
2014 Buick Enclave Premium Edition
What state?
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I'm shopping for 09 MDX lease special Acura is currently running. Is there anyone recently got the lease deal for 09 MDX in SF Bay Area?
TIA,
http://www.boe.ca.gov/cgi-bin/rates.cgi
Any cap cost reductions that are paid upfront are also taxed.
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B.E@Los Gatos
DriveOff $3,081.50 Monthly $543 (494.76+tax)
V.D@Sunnyvale
DriveOff $3,081.50 Monthly $549.56 (500.74+tax)
B.V@Santa Clara
DriveOff $3,560 Monthly $544 (495.67+tax)
Inc. 4 years / 40,000 mile pre-paid maintenance
R.L@Oakland
DriveOff $3600 Monthly $548 (499.31+tax)
M.Z@Stockton
Down Payment $2899 Monthly $548 (499.31+tax)
ALL@Pleasanton
Never gave me a quote over the e-mail.
I was quoted the following on a mdx tech. Invoice - 2k dealer cash back. Processing fee 100 + DMV tags. I think its a good deal. Now my problem is that I am in a lease and if i trade in i am at approx 3500 neg equity. Has anyone ever had acura cover some lease payments? I like the car but cant see myself eating the neg equity. Also do anyone know if acura lets u turn in your lease early to either buy/lease another one?
For the tech, I think it is 100 bucks more. Any one with a better deal for the tech?
I think I'm going to pull the trigger. I've got this matched at multiple dealers including one in NYC. Anyone have any positive/negative input @ this price?
It kills me that residuals have been adjusted downwards so heavily - I'm rolling off a Volvo XC90 3.2 that I paid $40,623 and lease was only $549 per month for 24 months/12,000 per year.
Thanks,
HMS
Quick question for the experts - the delaership is offering a protection plan for $750 which would cover damages worth $5000 to cover scratches and dings at the return - worth it?