We have 2 more lease payments on our 2013 MDX which the lease is up 2/21. I'm looking at the favorable money factor and the year end opportunity. Does it generally make sense to pay those last 2 payments to get a better trade in in 2 months or look for the best deal now?
Suggestions?
How big are the payments? This close to lease end, you might be even or have a bit of positive equity, depending on the miles and condition of your '13.
I suppose it can't hurt to talk to the dealers and see what offers they throw your way.
We have 2 more lease payments on our 2013 MDX which the lease is up 2/21. I'm looking at the favorable money factor and the year end opportunity. Does it generally make sense to pay those last 2 payments to get a better trade in in 2 months or look for the best deal now?
Suggestions?
How big are the payments? This close to lease end, you might be even or have a bit of positive equity, depending on the miles and condition of your '13.
I suppose it can't hurt to talk to the dealers and see what offers they throw your way.
Payments are 510/month including tax.
Call AFS and get a payoff value, then head over to the "real world trade in values" discussion to get an honest appraisal of the value.
~2,500 down (tax, registration, first month payment)
I started out just looking to see how much I could lease a MDX for (without needing a new car), but I feel like this deal is too good to pass up?
Bump; with today being the end of the month, this offer is contingent on the deal closing today. Any insight?
What is the MSRP? Lease term and miles per year?
Ah, sorry for leaving that out. MSRP 51,410; 36 months/15k per year.
I'm within $1 of your quote, so the numbers check out.
That's a pretty strong discount from sticker on what is a (relatively) new car.
Thanks for checking the numbers. I didn't think I could get close to $500/month (with $0 capitalized cost reduction from me) for this trim when I started a few days ago but here we are. Two dealerships in particular have almost been falling over themselves trying to sell.
This looks like a great deal. You aren't by chance in Northern California are you? I'm looking to pull the trigger today if I can land something like that.
I'm in Northern Virginia, outside of DC. Good luck!
Hi - I just wanted to share a deal I struck today.
2016 Acura MDX AWD + AWPlus
10K/36Months
MSRP: $47,305
Selling Price: $42,800
Acq, MV, Doc Fees, Upfront Taxes (7% in NJ) + first month payment less Conquest Cash ($1,000) = $1,959 to drive off.
Residual 59%
MF 0.00044
Monthly payment $445
Picking the car up tomorrow. Thanks for your help!
Lease Options Out of Pocket $0.00 $512 Tax Included 9% 36 mos. 15k
How that's look? It includes the $1,000 loyalty. Southern CAL
I get $493/mo with tax using those numbers. (.00050 MF for $0 due at signing and 58% residual)
Have the dealer tell you the net cap cost - probably higher than the selling price. Find out what's been added.
I thought the money factor was .00060?
Thank you,
Scott
Yes, but there is a .00010 discount if you do $0 due at signing and roll everything into the cap cost. As you mentioned $0 out of pocket, that's what I assumed.
Looking for January numbers in Iowa. AWD, w/ AcuraWatch and Tech 39/12 and 39/15 (assuming 36 is the same as 39).
.00020 MF and 58%/56% residual for 36mo, 12K/15K/yr.
39 month residuals are 2% lower.
Thanks for the info!
2% for the extra 3 months seems steep, doesn't seem to make sense to do 39 months. I mean there is 2% difference for 9k miles on a 36/12 vs 36/15 and they are dropping 2% for a 3750 mile difference here.
Can you help verify the numbers tally here.. Dealer offered me the below..
2016 ACURA MDX FWD TECHNOLOGY (10K miles /yr for 3yrs) MSRP: $48,230 SALE PRICE: $42,700 /includes Lease Loyalty or Conquest Rebate Lease: $455 + Tax With ZERO due at signing (excludes first month's payment, tax, tags, Loyalty Rebate or conquest rebate & license fees)
2016 ACURA MDX AWD TECHNOLOGY (10K miles /yr for 3yrs) MSRP: $50,210 SALE PRICE: $44,251 Lease: $467 + tax
Can you help verify the numbers tally here.. Dealer offered me the below..
2016 ACURA MDX FWD TECHNOLOGY (10K miles /yr for 3yrs) MSRP: $48,230 SALE PRICE: $42,700 /includes Lease Loyalty or Conquest Rebate Lease: $455 + Tax With ZERO due at signing (excludes first month's payment, tax, tags, Loyalty Rebate or conquest rebate & license fees)
2016 ACURA MDX AWD TECHNOLOGY (10K miles /yr for 3yrs) MSRP: $50,210 SALE PRICE: $44,251 Lease: $467 + tax
I was offer AWD Tech with 12/36 $513 including tax.
Please reply with current lease particulars for 36mo. 2016 MDX base with 15k miles, I see some incentives discussed here but don't see any listed under Acura lease incentives. I leased a MDX base on Dec, 19 under the conquest promotion but dealer now wants me to come in and sign a new contract due some errors. My lease, to my understanding was, $410 a month plus 3 per cent NC tax with 3k down, money factor was .0060. Just checking up on the dealer, never had this happen before.
Please reply with current lease particulars for 36mo. 2016 MDX base with 15k miles, I see some incentives discussed here but don't see any listed under Acura lease incentives. I leased a MDX base on Dec, 19 under the conquest promotion but dealer now wants me to come in and sign a new contract due some errors. My lease, to my understanding was, $410 a month plus 3 per cent NC tax with 3k down, money factor was .0060. Just checking up on the dealer, never had this happen before.
Tech MF dropped on the 5th to .0020
mod posted this other day looks like you payment could be a little less. 36/12 numbers Base - .00055 and 60%. $500 loyalty or conquest cash.
Please reply with current lease particulars for 36mo. 2016 MDX base with 15k miles, I see some incentives discussed here but don't see any listed under Acura lease incentives. I leased a MDX base on Dec, 19 under the conquest promotion but dealer now wants me to come in and sign a new contract due some errors. My lease, to my understanding was, $410 a month plus 3 per cent NC tax with 3k down, money factor was .0060. Just checking up on the dealer, never had this happen before.
Tech MF dropped on the 5th to .0020
mod posted this other day looks like you payment could be a little less. 36/12 numbers Base - .00055 and 60%. $500 loyalty or conquest cash.
I confirm the .00055 and 58% for 36/15 on the MDX base for January. $500 loyalty or conquest cash.
I signed tonight on a AWD Tech $513 with $1080 drive off's they gave me $1000 for the loyalty. Even got a corp lease at the .0020 MF which really surprised me. My pilot they added a extra 1% for corp lease.
I signed tonight on a AWD Tech $513 with $1080 drive off's they gave me $1000 for the loyalty. Even got a corp lease at the .0020 MF which really surprised me. My pilot they added a extra 1% for corp lease.
Hello Mods - Can someone provide a lease estimate on a AWD tech, 36/15, MSRP $50210, negotiated price $47100 (includes $1000 incentives), $0 down, 6.5% tax rate? I was quoted around $608 in December but the net cap cost was around $48,300 and that included roughly $1300 in trade equity. I'd most likely take the trade equity as cash in hand vs. putting towards lease. Thanks in advance!
Hello Mods - Can someone provide a lease estimate on a AWD tech, 36/15, MSRP $50210, negotiated price $47100 (includes $1000 incentives), $0 down, 6.5% tax rate? I was quoted around $608 in December but the net cap cost was around $48,300 and that included roughly $1300 in trade equity. I'd most likely take the trade equity as cash in hand vs. putting towards lease. Thanks in advance!
.00020 MF and 56% residual.
With CAP cost of $47,100, the monthly is $542/mo+tax
Looking for January MF, residual, incentives (conquest? lease cash?) for California, 36/12 and 36/15, for FWD Tech, SH-AWD Tech. Also, could you please let me know if anything changes for the Advance Package?
Looking for January MF, residual, incentives (conquest? lease cash?) for California, 36/12 and 36/15, for FWD Tech, SH-AWD Tech. Also, could you please let me know if anything changes for the Advance Package?
Thanks!
.00020 MF and 58%/56% residual for all three. $1000 loyalty or conquest money.
Looking for January MF, residual, incentives (conquest? lease cash?) for California, 36/12 and 36/15, for FWD Tech, SH-AWD Tech. Also, could you please let me know if anything changes for the Advance Package?
Thanks!
.00020 MF and 58%/56% residual for all three. $1000 loyalty or conquest money.
Thank you! For conquest, do I negotiate the price of the car first, then have them apply the $1000 to drive off fees?
Looking for January MF, residual, incentives (conquest? lease cash?) for California, 36/12 and 36/15, for FWD Tech, SH-AWD Tech. Also, could you please let me know if anything changes for the Advance Package?
Thanks!
.00020 MF and 58%/56% residual for all three. $1000 loyalty or conquest money.
Thank you! For conquest, do I negotiate the price of the car first, then have them apply the $1000 to drive off fees?
That's one way to approach it. Can also get a lower transaction price as well.
I have been negotiating a 36/12 for an AWD MDX w/ tech package. Also added on heated steering wheel, remote start, and all weather mats installed. The dealership is in Michigan. MSRP is $51,540.50.
They are offering a total purchase price of $47,000 with a net capitalized cost of $47,848.96.
It is a sign and drive special, MF is 0.0001, residual is 58% and the total payment including tax will be $577 for 35 months.
I have been negotiating a 36/12 for an AWD MDX w/ tech package. Also added on heated steering wheel, remote start, and all weather mats installed. The dealership is in Michigan. MSRP is $51,540.50.
They are offering a total purchase price of $47,000 with a net capitalized cost of $47,848.96.
It is a sign and drive special, MF is 0.0001, residual is 58% and the total payment including tax will be $577 for 35 months.
Do these payments add up? Is this a good deal?
Any help will be much appreciated.
Thank you.
With that MSRP and CAP cost, and those lease variables, the payment is $506/mo.+tax. That still leaves you about $40/mo. short.
I wonder about your MSRP. Haven't seen to many MSRPs that include pennies. You need the MSRP off the government window sticker. Accessories don't count. A lower actual MSRP would lower the residual, and might bring that payment in-line.
Thanks! Also, the dealership told me the buyout at the end of the lease is $29,121.80 so that would make the msrp $50,210. Does that change anything?
Yeah.. that makes the payment $25/mo. higher, more or less.. pretty close. I didn't amortize the 1st payment.. Not sure exactly how the sign and drive lease works.. If we do that, we are right there.
Can someone recommend best way to calculate monthly payments so I don't keep bugging you guys. I keep going back and forth what trim and model to get. Anyone uses a nice excel or some software for this?
Can someone recommend best way to calculate monthly payments so I don't keep bugging you guys. I keep going back and forth what trim and model to get. Anyone uses a nice excel or some software for this?
Can someone recommend best way to calculate monthly payments so I don't keep bugging you guys. I keep going back and forth what trim and model to get. Anyone uses a nice excel or some software for this?
Thanks so much. Thee dilemma I have is I got dealers telling me that they can't lease at the same negotiated price that they can finance because they get different rebates on lease vs finance. But here on this forum we always talk that lease payments are based on negotiated price. Am I just in the wrong area (pacific Northwest not a lot of dealers) or this is correct?
Can someone recommend best way to calculate monthly payments so I don't keep bugging you guys. I keep going back and forth what trim and model to get. Anyone uses a nice excel or some software for this?
Thanks so much. Thee dilemma I have is I got dealers telling me that they can't lease at the same negotiated price that they can finance because they get different rebates on lease vs finance. But here on this forum we always talk that lease payments are based on negotiated price. Am I just in the wrong area (pacific Northwest not a lot of dealers) or this is correct?
Actually, both are true. There are often different incentives for purchase vs. lease. You are correct in that you want to negotiate your best price regardless, THEN subtract out any available incentives.
Lack of competition will always hurt the customer. Have you considered widening your search area? If you save enough money, it could pay for the travel.
Thanks! Also, the dealership told me the buyout at the end of the lease is $29,121.80 so that would make the msrp $50,210. Does that change anything?
I was able to get that exact car awd tech (50,210) with only drive off's down $1080 $513 a month with tax . In California.
What is this 'sign and drive special' that @umfan08 mentioned in his original post where the MF is 0.0001 and a 58% residual?
I'm in Iowa and looking at an AWD w/Tech & AcuraWatch Plus (MSRP 51430) down to $46,930 for the selling price but there were about $1300 in fees on top of that...
Money factor of .00020, 59% residual, residual at the end of the lease being $27898.15, 10K miles per year, $1748.95 down from you, $1000 conquest cash from your Pilot (2006 or newer, right) your payment would be $506.89 per month with 8.5% tax.
Money factor of .00020, 59% residual, residual at the end of the lease being $27898.15, 10K miles per year, $1748.95 down from you, $1000 conquest cash from your Pilot (2006 or newer, right) your payment would be $506.89 per month with 8.5% tax.
Excluding the trade and down payment, I get $531/mo with tax using those numbers.
How is the down payment and conquest cash being applied to the deal? What is the net cap cost - if higher than the selling price, find out what's been added.
Comments
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 Acura MDX AWD + AWPlus
10K/36Months
MSRP: $47,305
Selling Price: $42,800
Acq, MV, Doc Fees, Upfront Taxes (7% in NJ) + first month payment less Conquest Cash ($1,000) = $1,959 to drive off.
Residual 59%
MF 0.00044
Monthly payment $445
Picking the car up tomorrow. Thanks for your help!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
did not apply to this model?
I was told for this or tech was .00060
2016 MDX SH-AWD base
· MSRP $45,785
· Your price $41,599
Lease Options
Out of Pocket $0.00
$512 Tax Included 9%
36 mos. 15k
How that's look? It includes the $1,000 loyalty.
Southern CAL
Have the dealer tell you the net cap cost - probably higher than the selling price. Find out what's been added.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you,
Scott
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39 month residuals are 2% lower.
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2% for the extra 3 months seems steep, doesn't seem to make sense to do 39 months. I mean there is 2% difference for 9k miles on a 36/12 vs 36/15 and they are dropping 2% for a 3750 mile difference here.
$1000 lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 ACURA MDX FWD TECHNOLOGY (10K miles /yr for 3yrs)
MSRP: $48,230
SALE PRICE: $42,700 /includes Lease Loyalty or Conquest Rebate
Lease: $455 + Tax With ZERO due at signing (excludes first month's payment, tax, tags, Loyalty Rebate or conquest rebate & license fees)
2016 ACURA MDX AWD TECHNOLOGY (10K miles /yr for 3yrs)
MSRP: $50,210
SALE PRICE: $44,251
Lease: $467 + tax
Base - .00055 and 60%. $500 loyalty or conquest cash.
Tech - .00020 and 58%. $1000 loyalty or conquest cash.
Add 1% for 10k
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$513 including tax.
I leased a MDX base on Dec, 19 under the conquest promotion but dealer now wants me to come in and sign a new contract due some errors.
My lease, to my understanding was, $410 a month plus 3 per cent NC tax with 3k down, money factor was .0060. Just checking up on the dealer, never had this happen before.
mod posted this other day
looks like you payment could be a little less.
36/12 numbers
Base - .00055 and 60%. $500 loyalty or conquest cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Even got a corp lease at the .0020 MF which really surprised me. My pilot they added a extra 1% for corp lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
With CAP cost of $47,100, the monthly is $542/mo+tax
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Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
They are offering a total purchase price of $47,000 with a net capitalized cost of $47,848.96.
It is a sign and drive special, MF is 0.0001, residual is 58% and the total payment including tax will be $577 for 35 months.
Do these payments add up? Is this a good deal?
Any help will be much appreciated.
Thank you.
I wonder about your MSRP. Haven't seen to many MSRPs that include pennies. You need the MSRP off the government window sticker. Accessories don't count. A lower actual MSRP would lower the residual, and might bring that payment in-line.
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http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
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Actually, both are true. There are often different incentives for purchase vs. lease. You are correct in that you want to negotiate your best price regardless, THEN subtract out any available incentives.
Lack of competition will always hurt the customer. Have you considered widening your search area? If you save enough money, it could pay for the travel.
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$513 a month with tax . In California.
I'm in Iowa and looking at an AWD w/Tech & AcuraWatch Plus (MSRP 51430) down to $46,930 for the selling price but there were about $1300 in fees on top of that...
How is the down payment and conquest cash being applied to the deal? What is the net cap cost - if higher than the selling price, find out what's been added.
Edmunds Price Checker
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige