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2013 and earlier-Acura RDX Lease Questions
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Comments
Here is what I will like.
SH-AWD with Tech
I will also like to have the 19" rims, roof rack, mud guards, all weather mats, wheel locks and sport running boards.
Should I buy or is it a better deal to lease at this time? (with the option to buy the lease out if I am happy with the car).
I have perfect credit and currently own a 2007 TSX -Tech and I love the car.
What deals do Acura have now?
Should I wait until next month?
Is the 2010 worth the wait?
I am confused. Please help
Thank you
Acura's current lease program runs through July 6th. While it's possible that Acura could make an unscheduled revision to its lease program, more likely it will be exactly the same next month.
Car_man
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If I have good credit and am already pre-approved by Acura/Honda financial (coming off another lease), is there a reason my dealer should be quoting me.00215 money factor on this car?
Or are they just taking a profit that they're hiding in the lease interest payments?
Car_man
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Honda Finance's current residual value for a 36 month lease of a 2009 RDX Tech with 10,000 miles per year is actually only 48%.
Car_man
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Do you know what is current current residual value for a 36 month lease of a 2009 RDX Tech with 10,000 ?
As well as 12,000 and 15,000 miles
Thank you
residuals are 47% at 12000 miles and 45% at 15000 miles
Money factor 0.02850 :mad:
It doesn't make any sense to lease it
Let see what August brings us
Car_man
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Car_man
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Also, do you know the residual and money factor for the base RDX, 36mo, 10k miles?
Thanks
I just received a quote for an Acura RDX AWD with Tech:
Price: $36390
Residual: 52%
Money Factor: 0.00160
Money Down: $902 (includes first payment / tax / tag)
Monthly: 618.99
I'm in S. Florida. Personally I think that's a bit high - Based on those numbers I'd expect the lease to be somewhere in the region of $545. Thoughts anyone?
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base '10 RDX with 10,000 miles per year are .00200 and 57%.
Car_man
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Thanks!
2010 RDX AWD Tech Pack
36 months
15k miles
First payment and license and doc fees paid ~$900 is all I gave them
$640/month
I was going to trade in my 2006 Suburu Forester for $12,000. With the lease they wrote me a check for $12,000. Now that I liked. Putting into a good mutual fund for 3 years and then I'll know how good this deal was.
Its Nov. buy rate lease money factor for this truck of .00200 is equivalent to an interest rate of around 4.8%. That's not bad, but it isn't going to rock anyone's world either.
Car_man
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Do you know if Acura is offering any dealer incentive cash or just the reduced MF?
Thanks again!
However, Acura does not have another vehicle that meets our needs. MDX and ZDX are too large. I love the TL, but as the rear seats do not fold down, that is a deal breaker. The center pass through does not quite cut it for what we need.
That said, this is our fourth leased car...and each one we have traded in and as the residual was higher than the buy out (as is the case with the RDX), we in turn got very good lease deals.
However, I have received lease end info from Acura in the mail that indicates that our only options are to
1) Turn the car in to an Acura dealer and lease or buy another Acura
2) Turn it in and walk away
3) Buy the car.
However, it specifically states that only WE can buy the car....no one else.
Yes...this is in the lease paperwork..and yes, we should have read it more closely...but since this had never been an issue four times before (granted with four different makes, none Honda or Acura) it did not even occur to me to check that portion .
That said, does anyone know if this means that I can't trade it in for a new leased car of another make when the lease is up to a non-Acura/Honda dealership? Or, since the lease does not state that it can't be "traded", is that the out?
Assuming you have any equity... If you don't, there isn't much point... just turn it in...
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Car_man
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Through January 4th, Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura RDX AWD with 15,000 miles per year are .00200 and 54%, respectively for consumers who qualify for its top aka "'Super Preferred" credit tier.
The residual values for a lease with only 12,000 miles per year are 2% higher and 10k resids are 3% higher.
Acura is scheduled to introduce an all-new lease program some time tomorrow. Please let me know if you want an update.
Car_man
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Dealerships have them listed for sale, with more mileage than ours at up to 28K, w/o tech.
Without even seeing the car, stating that even if it is in excellent condition, the dealership from which we leased it has said that it is worth nothing over the buy back.
Other dealers have said they would credit for the trade, but understandably won't say how much until they see the car.
I don't want to run all over the state if I am being shined on by the other dealers.
It seems to me that there is profit to be made by the dealer on the car.......and that they would lease more cars without this stance.
We traded in our last two vehicles for out last two cars, with decent trade-in credit on both.
Is there some other issue at work here of which I am unaware?
Right now it is a buyers market. When you look to trade then you are acting from the sellers position. Good news and bad news.
I do understand that it is a buyers market, and I am a "seller"...but so is the dealer....and with car sales the lowest they have been since '82 even with far more drivers, one would think they would be a tad more motivated to move inventory.
Hopefully I will find one who actually wants to lease a new RDX on a reasonable basis...as opposed to keeping the entire 10K or so that they stands to make on the deal.
On the flip side, Mercedes offered us 4k on a 2010 C that retails for over 40K.
Of course, its a crapshoot to get a Benz that actually works consistently...so that may be a factor.
That said, without those who lease, and without better lease offers, most of the 2010's will remain on the showroom floor as pretty dust collectors.
We paid to get rid of it...
That said, I found it interesting that Benz values our Acura and Acura doesn't....
I do wonder why.
The only negative is that I feel that they could have done a better job in calibrating the speed sensitive steering. IMO, it needs to be tighter than it is at highway speed.
Tony
The residual value for a lease with only 10,000 miles per year would be 1% higher.
You really don't want to lease this vehicle for more than 36 months. That's the longest term that its special money factors are available for. If you lease it for more than that, you will end up having to pay a higher money factor.
Car_man
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Acura's current buy rate lease money factor and residual value for a 36 month lease of a 2010 MDX Tech with 15,000 miles per year are .00145 and 53%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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15,000 miles per year is the highest mileage allowance that Acura publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
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No CAP cost reduction either.
3 yr 36k lease.
I told them I would not do the deal at $460 and now they seem to have some wiggle room. Am trying to figure out what the absolute lowest monthly payment I could get. Seems like $425 would be the absolute floor at a high volume dealer if I were to walk in the last day of the month.
Am I accurate on this?
Sorry to bug you so much lately. I've narrowed my choices down to three vehicles.
What are the March MFs and Residuals on an Acura RDX, 36 month, 12K miles per year.
Thanks!
Car_man
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T his will be my family's 4 th lease... Looking for only 10k a year no nav...
also must you use only premium gas ...
It seems that there are few leasing programs out there. The Hyundai Tuscan was over 450 per month....
Car_man
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thx
New to the Forum so please excuse my lack of knowledge.. I have 2 leases expiring this year..One in June and the other in November..I'll hang on 2 t/Nov one 4 now..So I'm looking to perhaps lease the 2010 Base RDX model..Would like to Lease for 36 mts 12k a year and NO $ Down with Hopefully no more then $400 a month! Do u think this is doable?? I just rec'd a Quote from a NJ Dealer for $30,102....Can u please indicate if this is a fair price and also if my requirments are within the ballpark?? thxs very much..
I need a great price to go on. I will be coming to Denver in june and have two days to make a deal with a dealership. Does anyone have a price that I should be asking for? 36 months 12k per year.
Thanks.
I have an 07' MDX with 3 months left on lease and almost 5800 miles over (bought 51K have 56,800). Westchester Acura (Larchmont NY) offered me 480/mo. for 10K/36 months. They will take my 07' and bury the remaining 2K I still owe (lease payments) into the lease. I'm trying to determine if it makes sense to go with it buried in the lease, pay it outright to Amer. Honda to lower my monthly payments, or wait another month which will cost me another 360./mo. in overages (Acura Loyalty program offers 1/2 off your miles up to 15K miles and no security deposit if you lease another Acura) as I'm doing 1800. miles a month at .20 a mile over.
Anyone have a thought as to the best route to take? If I wait another month that 480/mo. will go to 460. or pay it all and it goes to 420.
Thanks in advance...
Bo