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2013 and earlier-Acura RDX Lease Questions
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I was wondering if you can provide me with some information on a single pay lease. We tried several months ago to lease an RDX but the prices I received were too high.
We are interested in the AWD with tech and a 36 month term. Can you provide info for both a 10k and 12k annual mileage lease ie - Money Factor and Residual?
Also - can you tell me how to calculate a one pay lease? I have used your standard lease calculator but I am assuming with a one pay, the formula will be different.
Lastly - Acura Finance claims that if the vehicle were stolen that assuming the insurance company makes Acura whole on the stolen car, I would receive a pro-rata refund of my payment. I guess it could get a little thorny if the insurance company decided to try to lowball the payment and take advantage of the gap insurance - I was not clear from Acura finance if the gap insurance is used does that impact my pro-rata refund.
I have seen some price quotes for single pay leases that are $60 - $80 / month less than prices I was quoted on 36 month / 36k leases.
Also - do you happen to have MF and residual for this vehicle on a standard 39 month lease with 10k annual miles - I have seen an ad for this lease at $419 / month with $595 bank fee, DMV fee of around $275 on Acura Financial paper and this price seems like something I could only get when the vehicle is in the later part of it's model life.
Thanks for your help. Eventually I will get a car.
The numbers for a 39-month lease are .00155 and 55%.
The residual value for a lease with 10,000 miles per year would be 1% higher.
The formula is the same for calculating a one-pay lease as it is for a conventional lease, you just add all of the monthly payments up into one lump sum. The bank that offers the one-pay lease usually provides some sort of money factor reduction in exchange for getting all of its money upfront. I'm not sure how much of a money factor reduction Acura provides on one-pay leases. I don't see very many of them.
Car_man
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Can you please provide us with the February Residual and MF for
2013 Acura RDX FWD (non tech) 15,000 miles/36mo
2013 Acura RDX FWD (with tech) 15,000 miles/36mo
Thank you.
Can you please provide current residual and MF (through Honda/Acura Financial) for base Acura RDX AWD '13 and any incentives, if available, for 10K a year lease?
I'm in Brooklyn, NY.
Not sure if it makes a difference but I am currently at the end of my lease with Honda (through AHFC - Honda Financial).
Thank you in advance.
Can anyone please provide current residual and MF for a base Acura RDX AWD 2013 model /NYC area?
There are not a lot of Acura dealerships around where I live and I'd really like to have some starting point when I get down to the local one this Fri/Sat.
Responses will be greatly appreciated.
Thank you
The numbers for an otherwise identical lease of a '13 RDX Tech are .00165 and 55%.
Car_man
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Car_man
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Car_man
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Is it reasonable to do a 12k/ yr 39 month lease an RDX w/ AWD and tech at invoice price? The reason I ask is because with the MF and residual you had provided me with Car Man, I get to a monthly lease payment of around $475 which is much lower than what dealers are quoting me.
I cannot believe that the RDX is so popular that they are only leasing them at sticker price.
Also - would I typically get a better deal if I wait a couple of months for winter to end to do this? I am almost to the point where I want to just email a group of dealers, tell them what I am willing to pay and the first one that accepts will move a unit that day.
Invoice is not actual net dealer cost. They get ad $, holdbacks, volume discounts, etc. With the overhead they have, even with the huge profit on parts and service, it would be a burden for them to sell cars at or a few hundred dollars above their net cost except perhaps for a few of the ultra high volume dealers.
Keep in mind I have not actually leased the vehicle for this amount - I got quotes for a 3 yr / 36k lease for $580 and there is no way I would pay anything close to that.
Did you get an RDX and if so, which model and what did you pay?
Yes i did get a 2013 RDX FWD with Tech end of October 2012. I live in the SF Bay area. I did shop around with 4 other dealerships and one fine day one dealer calls me with a price and says they can do it if i close that day only. Their price on the phone was slightly higher than my target but i went to the dealership anyway and negotiated hard. May be it was end of the month for them - who knows.
Here's what i got
Price= $35500
MF= don't remember but it was comparable to today's
Down payment= $5000
3 Yr lease with 12k miles or 36000 miles total - no monthly miles restriction.
Lease payment per month = $376/month
Then i sold my older vehicle and recovered $3500.
The dealer sales guy said they decided to do it at this low price to hit their sales record. They do it every once in a while so customers come back for maint. and oil change etc.
4 other dealers refused this price or even higher price than this.
Hope this helps.
Do you like the RDX more than your Lexus? We like the RX350 but the price is a bit too high.
A couple of nice things about Acura and Honda leases - at the end of the lease they give you up to $1500 in wear and tear credit so you don't have to pay for door dings etc. Also, if leased on HFS or AFS paper, they will allow you to extend your lease two times up to a total of 12 months. With the Acura bumper to bumper warranty being 4yr/50k, you can extend lease and still be covered - only concern would be if brakes or tires (Tire Rack) need to be replaced.
RX350 is a couple of notches up compared to RDX in my opinion in terms of features and overall quality of ride. The RDX 2013 is a big step forward to get closer to RX350. But again RX350 is much pricier option than an RDX. I feel the room is almost similar between the two models. RDX ride quality is smooth. The mileage on my car is not that great 20 city and 22 hwy is what i get. Thats what i get on my RX350 as well. Acura advertises 23/28 but that's marketing BS in my opinion.
GPS in the RDX needs a lot of work - i like the GPS from RX350 much better.
Sound is very good may be in line with RX350 premium sound quality (not Mark Levinson).
Hope this helps.
I am looking to lease an RDX with technology package. The lease terms are 3 years and 15,000 miles per year. I have been offered the following "preferred deal"
Price: $38,760
Money Factor: 0.165
Down Payment: $2,716
Monthly payment: $540
This seems crazy high to me. Am I wrong???
http://www.leaseguide.com/lease08.htm
Your monthly payment of $540 seems a bit high. I guess there are levers you can pull - one important being Price. I'm assuming this is for a FWD with tech. So somewhere below $36000 or there around seems reasonable.
I wouldn't consider down payment larger than $4000.
As you may know already - Money factor is 0.00165 x 2400 = Interest Rate on your payments. This is something you don't have much control over during negotiations since it's preset by American Honda Finance.
Hope this helps.
I can tell you exactly what your pre-tax payment would be for the vehicle that you're interested in if you give me its MSRP and selling price.
I'm not personally all that familiar with what the market is like for the RDX right now, but I don't think that the demand for it is so strong that you wouldn't be able to get an attractive selling price on one.
Car_man
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Car_man
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Between gas prices and a slowing economy, my guess is that incentives will increase by April and if interest rates start to climb, all bets are off.
We shall see if any of my suppositions are true. In any event, I appreciate all of the information you patiently provide. Have a good weekend.
I wouldn't be surprised if we did see incentives increase in the coming months, but time will tell.
Car_man
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Car_man
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Do you have any other info on lease payments for a base RDX AWD (10k a year)? I am in the market right now and was quoted $476 a month on a 3 year lease. Thanks for the help!
When they are available can you please post the residual and MF for a 36-month 12k/year lease on a 2013 RDX AWD w/ Tech package?
If there is a 39-month option available, the figures on that would also be helpful.
Thanks.
Car_man
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On an unsupported vehicle like the RDX has been, a 39-month lease isn't a bad idea. It's not like you would be missing out on any lease support by extending your lease past the normal 36-month support cut-off.
Car_man
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Any chance those figures are available yet? Might try and get a deal done this weekend.
Thanks.
Not sure if it was a great deal.
Was quoted $599/month for 60 months on 1.9% financing with $6500 down (trade-in).
Now does not seem to be a good time to be leasing a RDX as Acura does not have attractive lease support and dealers are reluctant to reduce the selling price of an RDX.
I haven't signed the papers yet so I didn't see the vehicle selling price but I assumed the gross cap cost was around 37550.
what is the March MF and residual value for RDX AWD for 10K and 12K respectively? can you please share? thanks.
On a purchase, I believe you could save a bit on interest by shopping around...likely only a quarter to maybe a half point, but worth a look:
https://www.penfed.org/Auto-Loans-Overview/?intcid=ad-AutoLoans-PenFedORG-Ticker- -10312012
Car_man
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The residual value for a lease with 10,000 miles per year would be 1% higher.
Car_man
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Car_man
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Wanted to thank you for all the info you provided regarding the RDX lease. It took a while, but I finally picked one up over the weekend. Hope to get many years of safe and reliable use from it.
Thanks again,
John
Car_man
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Do either of these deals sound reasonable and which is the best?
While both of your priced options look attractive. I would go with the lease option if your Money factor is close to 4% or lower interest rate.
Also with the lease option you should further try to bring down the invoice price as that one along with the MF would affect your monthly payment.
The 5k or 6k down payment is arguably at the high water mark since the main objective of a lease is to save money in a monthly payment. But if you have to go with a trade in and extra down payment then in that case I would consider buying it with a low apr financing.
Good luck!
I think for me it makes more sense for me to apply my trade to the purchase. I'm so confused lol.
Thank u, it's good to know I'm not the only paying 6k on a lease.