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2013 and earlier-Acura RDX Lease Questions
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Comments
If I was interested in leasing an Acura RDX right now, I personally would shoot for a selling price of around $500 under dealer invoice and then have the dealer calculate my monthly payment using Honda Finance's buy rate lease money factor of .00082 (for Super Preferred tier customers).
Car_man
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RDX w/ tech
45k mile lease
3yrs
$2500 total down and $480/month, includes all fees and taxes. I'm in NJ
Does this sound like a good deal? The reason I don't have numbers is that I'm using a service that negotiates the lease for me. All i have to do is walk in with a check and sign the papers and drive off with the car.
RDX w/ tech
36k lease
15k miles
$2500 due at signing
for $460/month.
I went to a few other dealers and no one wanted to compete with that.
Are you planning on purchasing at the end of the lease? If not, then it sounds like a decent deal, because 15 k/year is GREAT and most people end up getting the shaft at the end of the lease because of the extra miles they put on the car.
and If you are thinking of purchasing what is the residual price you will have to pay at the end of the lease.
If you are not purchasing and just want to turn it in at the end, it sounds pretty darn good. Just remember gas is over $4.00 a gallon and you have to use premium- so make them throw in something extra like wood paneling or a rear mat or all 4 mats . I love my RDX with tech package, but the gas is killing me and the mileage just isn't very good. I live in Southern California.
Just test drove RDX today really liked the drive...sales person offered a lease of $2500 total out of pocket, 12K, $400 per mth including tax, 36mths. Also dealer would pick up $700 of my current lease? Good deal? They have to get the car from another dealer. They do have one in the showroom with tech that I like...any ance of negotiating that to the above terms...since its on their lot?
Now, be wary about "getting the car from another dealer"! RDX 2008 is being phased out; they may not be able to find the car you like! I got stalled by a dealership for 2 weeks, until it was almost impossible to get ANY 2008 car. Ended up getting the same deal from another dealer... haven't picked up the car yet, but at least he got me a VIN number... keeping my fingers crossed here. So, if you agree to the deal, keep pestering them about the VIN EVERY DAY; keep calling other dealers until they give you a VIN; be flexible if they can't find the right color combination.
Congrats on your new car!
Sure enough, I am now being told the money factor almost doubled - to .00155 or so (dont remember exactly).
I am no lease expert, but given the troubles in the car market and the upcoming '09 RDX release, it doesnt make much sense for Honda to make it tougher on the dealers/borrowers (which the higher money factor seems to do).
Can anyone confirm the higher money factor rate and provide insight?
BTW, the deal I am being offered today:
RDX/tech
36 month 10k
MSRP: 41,405
Sales Price: 35,995
$2000 due at close
$460/mo plus $30 taxes
Any opinions on that deal one way or the other?
Thanks
On Edmunds, it shows a $1500 rebate to dealer with a finance plan, $2500 without. I'm not sure if $1500 applies to a lease -- maybe not. Before 7/7, it used to be $1000, but that SURELY applied to a lease. I'm picking up my RDX '08 today, so I'll talk to the dealer about it. The finance rate is still 1.9% on 24 and 36 months. I think the dealer is playing with ya...
So, it may be true that the terms changed on 7/7. :-( My advice to someone shopping now would be to pay cash and take advantage of the $2500 rebate.
I'll pick up the car in a few hours and give a more detailed account of the events. So far, I got terrific service from this dealer. Knock on wood. :-)
Doesn't seem like that is what a slumping industry would need.
I got the car from Steve @ Feder's Acura. It is a 2-hour drive from my home, but it was worth it. Previously, Curry Acura gave me the same deal, but they never delivered the Blue color I requested. Right now they are still holding the $500 deposit despite several reminders; I'll give them a couple more days and call my credit card. I figure, they did not want to pay for the car swap. After 2 weeks of pulling my leg, they told me to take the Bronze/Taupe they had on the lot.
Feder's, on the other hand, located the car and went through 2 swaps to get it for me. It was probably the last Blue 2008 RDX Tech left in 6 states. No other dealer could match the price and get me a Blue RDX -- and I called quite a few! I actually wanted Blue/Taupe, but nothing was left... I lost time waiting for Curry to deliver, the 2008's were phased out.
Basically, great price and real customer service -- that's why I'd recommend Feder's to anyone looking for Acura in the NYC area and upstate NY.
However, I was shopping for 10K miles, and you have 18K. That may significantly change the residual. What's yours? Also, what's your state? Someone made a deal for 425 (1500 at signing) in LA, CA. Must be a different market... maybe due to high gas taxes in CA...
Four other dealers didn't want to touch this offer. They all told me, "If you have this offer, take it. We cannot match or beat it."
Any other opinions?
Actually, in NYC there are OTHER WAYS to comply with lease terms besides getting a lease with a really high mileage allowance. The additional cost is about $900, which is is much more than you over-paid (I figure, about $3000). After all, RDX Base is normally about $60 - $70 lower than Tech.
If you are uncomfortable with OTHER WAYS, maybe it wasn't such a great idea to lease in the first place. Please don't take offense; this is just a friendly advice for the future. You probably have your reasons to lease, and I have no business telling you how to run your life.
Res is 49
I haven't taken the offer, I only said this is what I have gotten as an offer. I still haven't found anyone else who thinks there can be a better offer out there.
I appreciate your input, totally.
Thanks.
I'm not sure if Honda even defines the residual for 18K. Can you check, are you leasing from Honda, or some third-party company?
Now that you explained it, I see that it totally makes sense for you to lease. So, congratulations on your new car, and good luck!
Car_man
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A week ago the note on the $2500 incentive was that it couldn't be combined with a lease. Right now it looks like it can go with a lease, but not with financing. Why did the wording change? Also, what about the residual -- did it stay the same as before 7/8?
I apologize in advance for adding to the spam, but I simply can't take this anymore.
"How do you like it?" Are you serious? Is there not an "owner experience" forum for that? Over the past 4 years I have used these forums to lease 4 cars for friends and family, and the info I look for is always the same:
MSRP
Invoice
Residual
MF
Applicable incentives
Miles allowed
+ state specific taxes and DMV fees, but this is really not necessary.
Over the past 2 months, I think there have been a total of 2 posts (one of which mine, and not fully compliant with the above format, so GUILTY) that contain the above info.
"Have I got a good deal? I'm being offered $2,500 drive off and $450, and I'm in CA"
Is that really a question ANYONE except the author can answer? Can people possibly read at least SOME of the previous posts to see what info is necessary to compare deals? Do you honestly expect someone else to research local taxes and fees so they can decompose your deal and tell you if yours is "good" (i.e. is within the $500 range from invoice, which Car_man defines as being good)?
Why are there discussions about the merits of leasing a car with 18K miles per year? Everyone in here is an adult (presumably) and has their own reasons for seeking a particular deal. Those not familiar with leasing can read the FAQ for the site and save a lot of reposts for Car_man ("no, it's not a good idea to give a large down payment" appears at least once per page).
What I am trying to say, is that this community -- very useful in the past -- is becoming a place for people to run their mouths, not share information. If you want to let the world know you love your RDX -- update your status on Facebook, you would be amazed at the response you'll get. This resource (was) meant to provide a place to share deal-specific info so we can all be more educated consumers as a group -- and that requires sharing the data points I mention above. Take the time to read your lease and post them; make sure you get them from the dealer you are working with if you are still considering, and I promise you, you will be able to answer the "am I getting a good deal" question all by yourself.
Car_man, I apologize if my views do not reflect the spirit of this forum, but I suggest going to a more "moderated" forum model, where posts that do not belong get flagged and removed, and the "I know nothing about leasing" questions get referred to the FAQ section so less time and screen space is waisted for everybody.
I hope that when I look for a car for my dad next year, I can once again use these forums to get the info I need, and not read another sobbing story of how "I don't understand leasing at all".
PS> please don't respond to this, this is only MY OPINION, but I would hate to start yet another message exchange UNRELATED to leasing an RDX, or leasing alltogether.
Unlike you, I am fairly new to this forum and have found it immensely helpful. When I asked how the person liked their new car, it was simply a question. If someone with infinitely more wisdom about the forum wished to admonish me to go the the "owner experience" forum, I would have happily done that. Regardless of your insults, I think this forum is great and when I started looking for my car it helped tremendously. Because you are an expert on the site, I'd advise you teach us newbies when we post subjects that would be best served in other forums.
You must have got up on the wrong side of the bed. Hope you have a better day.
Having driven the Tech model, I'd say go for the Tech, but it's really up to you. Just be generally caucious: make sure there is no disposition fee or other strings attached to the deal, like mandatory service at that Acura dealer.
MSRP $37410
Roof rails $587
Discount $5597
Difference $32400
Tax $1048.77
Tag and title $63.75
Proc Fee $399
Total $33,911.52
$0 Down
3yr/36kMi
Pmt $517
Residual value $18,331
Money Factor 0.00101
If someone could respond today, that would be great. From looking at other deals on the board, not convinced I'm getting a deal.
Thanks!!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I wanted a 24month 15k mile lease. The only offer given by the dealer was $597/m!!!! and 1300 down. Is this dealer crazy or is it just me?
Is a 24month lease a bad move? I like to change cars often and really don't want this car for 3 years.
How would you go about negotiating a good price for an RDX?
Seriously, any advice is really appreciated.
Basically, without knowing any details (cap cost, money factor, residual), $597 sounds adequate. But I certainly wouldn't go for that price. Just shop around (by phone) for a month or two.
One point is that if you are so sick of the CRV, maybe you should try a different manufacturer instead of sticking with Honda. Just a suggestion, no offense.
I thought price increase was $500 for the base & $300 for tech.
Steve