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2013 and earlier-Acura MDX Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thank you for your help with the MDX lease.
Regards,
hpowders
Thanks
Car_man
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Every calculator I use to try to work out what the monthly should be comes in way below this number, what I am missing.
Any help would be greatly appreciated.
Thanks
$579.25 per month
for a base model 2011 MDX $43,815 MSRP with "free" running boards ($654 value)
36 months
10,000 miles/year
purchase option of $26,529.00
We have excellent credit with FICO scores greater than 780 at all three bureaus. Given the money factor mentioned on this thread previously (.00103) and the implied residual of 60.5% specified above, this doesn't seem like such a great deal. I backsolved for a money factor of 0.00141. I'm thinking that given the .00103 money factor, $550 per month seems fair. Is this reasonable? Going to dealer tomorrow to finalize deal, please help.
I just closed on my 2011 tech mdx
MSRP 47,500
Sale Price 43,100
Acura loyalty 750
Makes actual selling price 42350
6% tax
3000 down
Cost cap reduction 2150
595 aqusition cost added on top of final sale price
Monthly 465
I was approved for top teir credit as you should be
I am assuming you are putting nothing down but that is still very high
Ps nothing is free
I got free wheel locks, tri fold cargo tray and all season mats
Keep wheeling and dealing we were very pleased with our deal and are super happy with the car
Just signed the lease. We are paying $550 per month for a base MDX.
Includes running boards (no additional cost)
35 months (dealer makes 1st payment)
10,000/year
purchase option is $26,529
Actual money factor we received was 0.00093.
We put no money down, we are just paying for tax and tags.
I was trying to compare different deals and just decided to calculate my out of pocket excluding tax and fees to show the true cost over the life of the lease.
All in, we're paying $19,250. (35 payments * $550)
There was another deal of $499 per month for 35 months with $3000 down that comes out to $20,465, which is why we elected to put no money down. The dealer was very firm on the sales price given the low money factor and the 0 down.
I'm shopping for a 2011 MDX with tech package in the Los Angeles area.
Does anyone know the money factor and residual for Sept?
(2011 MDX with tech package, 36 month lease, 12,000 per year).
Any help appreciated!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
Do you have the numbers for MDX base 36 month lease at 10k miles
Thank you
what was the mdx tech ?
Car_man
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Car_man
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Thank you much appreciated
Thanks!
Would these numbers change if I decided to do a "one-pay" lease? How would I calculate this?
Please let me know. Thanks.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm sure that Acura provides a money factor discount for Advance pay leases, but I'm not sure exactly how much that discount is.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Came out as 36 mo, 15k, $571.09 per month. The following is the breakdown.
MSRP 47,490
Gross Cap: 43,803
Net Cap: 42365
15k miles per year
residual: 53%
MF: .00068
Up front $3,000 (not needed or desired by dealer; I wanted to drop the net cap down):
1st payment: 571.09
Cap Red: 1437.49
Sales Tax on up front and cap red: 182.92
PA Tag: 88.50
Sec Dep: 0
Acquisition: 595
Doc Fee: 125
Did have to go to the more competitive Philly market to get these numbers.
I have two questions:
1. What's the current money factor & residual values (10K & 12K miles / year) for a 2011 MDX?
2. I'm strongly considering buying this vehicle, but it appears to be no more expensive to lease it for 3 years, and then purchase it when the lease expires. Is there any reason to finance the vehicle (1.9% over 60 months) instead of leasing for 3 years before purchasing it?
Thanks.
36 months and 12k miles.
No idea how to determine whether or not this is a good deal. Any thoughts? Thank you very much in advance.
1) Lease 2011 base mdx - was quoted $535/mo, 36 months, $0 down, 10K miles
2) buy 2008 base mdx preowned, under 30K miles, for high $20Ks (say $28K)
3) wait for 2012 base mdx
Questions:
1) With left over 2011s, when it comes to leasing and the new 2012s, do lease rates for the 2011 get better, stay same, or get worse?
2) $20K to lease over 3 years vs $30K to buy preowned. Have something new without guessing reliability or preowned? I find dealerships are no entertaining low offers and may drop max $2K off price.
3) Will 2012s be priced more aggresively b/c body style changes in 2013?
The residual value for a lease with only 10,000 miles per year would be 1% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Could you tell me the MF and residual for the Tech package for this month. Thank you in advance,
Adam
Can you please post the leasing rates for a 2011 Acura MDX w/Technology and Entertainment Packages?
Also, can you point me to a page explaining how to use the residual value and money factor when evaluating lease options? It's been a while..
Finally, does anybody have any information on availability of the 2012 MDX and the differences with the 2011 model?
Thanks!
Could you post current money factor and residual for a 48 months lease on MDX w/Tech if such deal exists?
Thanks!
Selling price: $42,900 (including destination)
36 month lease w/10K:
Monthy payment: $536 (NJ tax included)
Due at signing: ~$1,900
($536 first month payment, $595 bank fee, $300 DMV, $7.50 tire fee, $171 luxury tax, $300 Doc fee)
The deal sounds good to me, but I wonder if $300 each for DMV & Doc fee are high... Comments?
Thx
Car_man
Host
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For a refersher course on 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.
Car_man
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Car_man
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I haven't seen the lease program for the 2012 version of this truck yet.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
You pose a very good question about byu vs lease, did you reach any conclusion?
Car Man can you give your valuable advise here to jmgoldsmith's question about lease vs buy please?
Why do the money factors and residual percentages change month to month( I'm assuming they changed monthly based on what I saw)? Is it just like any other "interest rate" on your home or equity line? Is there a better time to take advantage of these rates?
i.e. end of model year, last day of the month, etc..
Do Dealers have any control over these rates or are they set by Acura Finance?
Also, the incentives and rebates that are mention above....are any of those better at one time during the year than another? e.g holidays or middle of winter to incentivize people to buy/lease?
TIA...I appreciate you helping a newbie. :confuse:
Msrp 49309
Sale price 45501
Tax 2780.86
Tag, title registration 331
Money factor .68
Residual .54
Drive off cost 702.86 (same as monthly payment)
36 mos and 12k / YR
Thanks
MDX salesman in northern California told about 1 payment lease option, which he say's is the best deal if you have the cash to pay for the full lease upfront. He said this the best way to save money on lease.
Does this make sense? Do you save on interest on 1 payment lease on MDX?
thx
Is there a reason why you're trading your cars in so frequently?
Just based on your brief description I think you should definitely be leasing. I do advise against putting money down but I don't know if you can avoid it and still afford the car.
Each financing company sets their own rates. Most dealers use AHFC and they have no say in the rates; they can only negotiate the price of the car.
I don't know if there is a better time of year to lease in terms of rates and incentives. I would guess that if there is excess supply before the new models are introduced then dealers would get more support from AHFC to get them of the lots. My dealer called me last year in September and offered to buy me out of my 08 lease (I had 6 months left) and put me into a 2010. He told me that they were stocking up on CPO MDXs and also had to move the 2010s off the lot.