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2016 Acura MDX Lease Questions

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Comments

  • 03qx03qx Posts: 36
    aril said:

    thanks very much for your prior response. if we do msds or a one payment lease, is there a reduction in the mf, and how much? thanks.

    I was going to do a One Pay Lease in January on a 2015 AWD Advance. The Money Factor was basically 0 (0.00001). Problem was the dealer refused to do it because they said when they tried once before, Acura Financial rejected the lease, even though it was on their One Pay form. So the dealer gave me an additional $500 off and I just did the regular 36 Mo 15K lease at a 0.00069 Money Factor.

  • bigjoelr3bigjoelr3 Posts: 26
    Is the money factor still .00101 for cars with Acura Watch or did that end in April?
    Also, they still have the $0 down lease advertised. Does going $0 down lower the money factor? Above the difference was .00131 vs. .00141.
  • MichaellMichaell ColoradoPosts: 146,777
    bigjoelr3 said:
    Is the money factor still .00101 for cars with Acura Watch or did that end in April? Also, they still have the $0 down lease advertised. Does going $0 down lower the money factor? Above the difference was .00131 vs. .00141.
    Looks like the promo rate ended last month. Base MF is .00141; .00131 for $0 down leases continues. 

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rb948rb948 Posts: 2
    edited May 2015
    I am in NJ. Working with the dealer on a new lease for a base 2016 MDX. Here is what we have so far:

    purchase price 42,336 (includes running boards)
    money factor .00141
    residual 29,558.40
    no money down
    fees: 259 doc, 595 bank, 342 registration

    they are quoting me 459/mo w/o tax

    i get 452/mo based on calculations

    does this seem right? good deal?
  • MichaellMichaell ColoradoPosts: 146,777
    rb948 said:

    I am in NJ. Working with the dealer on a new lease for a base 2016 MDX. Here is what we have so far:

    purchase price 42,336 (includes running boards)
    money factor .00141
    residual 29,558.40
    no money down
    fees: 259 doc, 595 bank, 342 registration

    they are quoting me 459/mo w/o tax

    i get 452/mo based on calculations

    does this seem right? good deal?

    What is the MSRP?

    The difference is about $200 over the term of the lease (36 months? - you don't specify). Could be another fee being added into the cap cost.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rb948rb948 Posts: 2
    MSRP is 45,785. yes its for 36mos/ 10k miles

    they came down to 452
  • cobeast1cobeast1 Posts: 12
    Good morning. I'm coming off an 2012 MDX Tech 36/10k with about 22k miles on it and a a few small dings on the corners from NYC driving. I want to be taken out of my lease and swap into a 2016 MDX Tech also 36/10k (NO AcuraWatch). Colors are White/Parchment on both. I live in NYC but will travel to NJ/CT for the right deal. Given the term's can someone share what the money factor, residual value as well as any fee's one might expect (I understand there is a $595 acquisition fee for the bank, for instance). Any help is much appreciated.

    Thank you

    D
  • MichaellMichaell ColoradoPosts: 146,777
    cobeast1 said:

    Good morning. I'm coming off an 2012 MDX Tech 36/10k with about 22k miles on it and a a few small dings on the corners from NYC driving. I want to be taken out of my lease and swap into a 2016 MDX Tech also 36/10k (NO AcuraWatch). Colors are White/Parchment on both. I live in NYC but will travel to NJ/CT for the right deal. Given the term's can someone share what the money factor, residual value as well as any fee's one might expect (I understand there is a $595 acquisition fee for the bank, for instance). Any help is much appreciated.

    Thank you

    D

    63% and .00141

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • cobeast1cobeast1 Posts: 12
    Thank you Michaell
  • dino1975dino1975 Posts: 14
    2016 MDX AWD Base
    MF .0.00110
    Residual 70% or $32.049
    36 Months
    10,000 miles a year
    $45,785 list
    Sell price $43.400 + Acquisition fee $995 = 44.395
    Only 1st payment, taxes and DMV fees up front. Bank fee included in the payment. Tax is $1,383. and first payment $427.02 and for a total due at signing of $2,015
    My payment quoted is $427.02 a month
    Dealer is taking my 2012 Toyota Highlander $19.500.

    Is this 44.395 a good deal or ? I left deposit Thanks for the help.
  • MichaellMichaell ColoradoPosts: 146,777
    dino1975 said:
    2016 MDX AWD Base MF .0.00110 Residual 70% or $32.049 36 Months 10,000 miles a year $45,785 list Sell price $43.400 + Acquisition fee $995 = 44.395 Only 1st payment, taxes and DMV fees up front. Bank fee included in the payment. Tax is $1,383. and first payment $427.02 and for a total due at signing of $2,015 My payment quoted is $427.02 a month Dealer is taking my 2012 Toyota Highlander $19.500. Is this 44.395 a good deal or ? I left deposit Thanks for the help.
    I don't track selling prices so I can't help you there. 

    Is there positive or negative equity in your trade?

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • audi19audi19 Posts: 22
    Hi
    I am in Los Angeles and got today following deals from dealers:

    First dealer:
    VEHICLE: 2016 ACURA MDX

    VEHICLE OPTIONS: TECH SHAWD
    MSRP: $ 50,210
    SELLING PRICE: $ 45,900*


    Sale Price $45,900
    Lease terms: 36 Months at 12 Miles a year
    Moneyfacto: .00141
    Residual; 62% for 12k
    Min Drive off: $1105.96
    Payment pre tax $533.88 (after tax) $582.01
    Sale Price $45,900

    2016 Acura MDX Tech SH AWD + Acura Watch Plus
    MSRP:51410

    Invoice: 48187.97
    Selling Price: 47187.97
    MF: .000141
    Res:60%

    Second dealer:
    Lease Terms: 12k miles / 36 months with similar deals about 1000 less than invoice price with same MF and residuals:
    2016 MDX TECH SH-AWD $1115.80 DOWN 12K $590 INCLUDING TAX
    WITH ACURA WATCH $1150.63 DOWN 12K $619 INCLUDING TAX

    Do you think a good deal? Pls advise

    Thanks!
  • dino1975dino1975 Posts: 14
    $500 Positive .
  • lkngformdxlkngformdx Posts: 6
    Looking for MF and Residual for these 2 types

    1. 36/12 for MDX AWD with Tech and AcuraWatch
    2. 36/12 for MDX AWD with Tech

    Thanks!
  • MichaellMichaell ColoradoPosts: 146,777
    audi19 said:

    Hi
    I am in Los Angeles and got today following deals from dealers:

    First dealer:
    VEHICLE: 2016 ACURA MDX

    VEHICLE OPTIONS: TECH SHAWD
    MSRP: $ 50,210
    SELLING PRICE: $ 45,900*


    Sale Price $45,900
    Lease terms: 36 Months at 12 Miles a year
    Moneyfacto: .00141
    Residual; 62% for 12k
    Min Drive off: $1105.96
    Payment pre tax $533.88 (after tax) $582.01
    Sale Price $45,900

    2016 Acura MDX Tech SH AWD + Acura Watch Plus
    MSRP:51410

    Invoice: 48187.97
    Selling Price: 47187.97
    MF: .000141
    Res:60%

    Second dealer:
    Lease Terms: 12k miles / 36 months with similar deals about 1000 less than invoice price with same MF and residuals:
    2016 MDX TECH SH-AWD $1115.80 DOWN 12K $590 INCLUDING TAX
    WITH ACURA WATCH $1150.63 DOWN 12K $619 INCLUDING TAX

    Do you think a good deal? Pls advise

    Thanks!

    I get $519/mo pre-tax on the first car, and $564/mo pre-tax for the second.

    Double check the net cap cost on these offers; if different than the selling price, get the dealer to explain why.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 146,777

    Looking for MF and Residual for these 2 types

    1. 36/12 for MDX AWD with Tech and AcuraWatch
    2. 36/12 for MDX AWD with Tech

    Thanks!

    .00141 MF and 61% (Tech + AW) or 62% (Tech)

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • winstonjewinstonje Posts: 3
    Looking for MF and residual on

    1. 36/12000 AWD advanced package no theater
    2. 36/12000 FWD advanced package no theater

    This is in CA. Thanks!
  • MichaellMichaell ColoradoPosts: 146,777
    winstonje said:

    Looking for MF and residual on

    1. 36/12000 AWD advanced package no theater
    2. 36/12000 FWD advanced package no theater

    This is in CA. Thanks!

    .00141 and 59% for both FWD and AWD.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • audi19audi19 Posts: 22
    Thanks Michael,
    I did speak to dealer about the details. He asked me to put all the details into any lease calculator where you get that number.. but he is ready to give final number as below:

    Acura MDX SH AWD Tech

    MSRP: 50210
    Selling Price: 45000
    MF: .000141
    Res: 62% (12k); 63% (10k)

    10k numbers;
    496.34/ month Pre tax and after tax is 531.01
    Drive Off: $1060 including first month payment and taxes

    12k numbers:
    509.98/month pretax; After tax is 555.88
    Drive Off: 1074 including first month payment and taxes

    Do you think it is good deal?
  • lkngformdxlkngformdx Posts: 6
    edited May 2015
    2016 Acura MDX AWD tech with AW Plus
    Sell price: 47410
    Down Payment: $0
    NJ Tax: 7%
    Fees: 305(registration)+595 acquisition
    MF: 0.00141
    Residual: 61%
    They quoted me $642 all included

    Does it look right?
  • kyfdxkyfdx Posts: 153,347
    audi19 said:

    Thanks Michael,
    I did speak to dealer about the details. He asked me to put all the details into any lease calculator where you get that number.. but he is ready to give final number as below:

    Acura MDX SH AWD Tech

    MSRP: 50210
    Selling Price: 45000
    MF: .000141
    Res: 62% (12k); 63% (10k)

    10k numbers;
    496.34/ month Pre tax and after tax is 531.01
    Drive Off: $1060 including first month payment and taxes

    12k numbers:
    509.98/month pretax; After tax is 555.88
    Drive Off: 1074 including first month payment and taxes

    Do you think it is good deal?

    Looks like the CAP cost is higher than the selling price, but it would have to be, to account for acquisition fee, I think.

    The calculations are good.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 153,347

    2016 Acura MDX AWD tech with AW Plus
    Sell price: 47410
    Down Payment: $0
    NJ Tax: 7%
    Fees: 304
    MF: 0.00141
    Residual: 61%
    They quoted me $642 all included

    Does it look right?

    MSRP?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lkngformdxlkngformdx Posts: 6
    edited May 2015
    Thanks kyfdx
    MRSP: 50490
    51410 including dest
  • kyfdxkyfdx Posts: 153,347

    2016 Acura MDX AWD tech with AW Plus
    Sell price: 47410
    Down Payment: $0
    NJ Tax: 7%
    Fees: 305(registration)+595 acquisition
    MF: 0.00141
    Residual: 61%
    They quoted me $642 all included

    Does it look right?

    Thanks kyfdx
    MRSP: 50490
    51410 including dest

    Adding $2100 for tax and acquisition fee, I get $619/mo.

    Guess it depends on what else they are adding to the CAP cost, besides that.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lkngformdxlkngformdx Posts: 6
    Thanks. I kept asking them to detail the cost items but they never gave it to me. I am going to ask tomorrow the breakdown.
  • lkngformdxlkngformdx Posts: 6
    edited May 2015
    When I plug in the numbers on one of the lease calculators, I get around $624. This is my breakdown, please let me know if this looks right.

    One question I had was the residual, is this on the cost of car+dest or just cost of car from the manufacturer?

    MSRP $51,410
    Base Cap Cost $47,410
    Additional Lease Costs
    Dealer Acquisition Fee $595
    Registration $305

    Net Capitalized Cost $48,310

    Lease Terms and Taxes
    Residual Value $31,610 (61% of 51410??)
    Money Factor 0.00141
    Term of Lease 36
    Sales Tax 7.0%

    Calculation of Lease Cost
    Depreciation $16.950.00
    Finance or Rent Charge $4,044
    Sales Tax on Lease $1,469.58
    Total of All Payments $22,463.63

    Total Lease Payment $25,541.37

    Calculation of Monthly Lease Payment
    Monthly Lease Payment $583.17
    Sales Tax on Lease Payment $40.82
    Total Monthly Lease Payment $624
  • kyfdxkyfdx Posts: 153,347

    When I plug in the numbers on one of the lease calculators, I get around $624. This is my breakdown, please let me know if this looks right.

    One question I had was the residual, is this on the cost of car+dest or just cost of car from the manufacturer?

    MSRP $51,410
    Base Cap Cost $47,410
    Additional Lease Costs
    Dealer Acquisition Fee $595
    Registration $305

    Net Capitalized Cost $48,310

    Lease Terms and Taxes
    Residual Value $31,610 (61% of 51410??)
    Money Factor 0.00141
    Term of Lease 36
    Sales Tax 7.0%

    Calculation of Lease Cost
    Depreciation $16.950.00
    Finance or Rent Charge $4,044
    Sales Tax on Lease $1,469.58
    Total of All Payments $22,463.63

    Total Lease Payment $25,541.37

    Calculation of Monthly Lease Payment
    Monthly Lease Payment $583.17
    Sales Tax on Lease Payment $40.82
    Total Monthly Lease Payment $624

    Your depreciation and finance charges are correct.. In NJ, if you want to roll in the tax, it has to be added to the CAP cost (because it's paid upfront). That will result in a slightly higher number on the monthly payment.

    You have the math right.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lkngformdxlkngformdx Posts: 6
    Thanks kyfdx.

    Can someone tell me what fees I should expect for the lease, From what I read here, its acquisition and registration fees. What other fees get charged on a lease in NJ?
  • MichaellMichaell ColoradoPosts: 146,777

    Thanks kyfdx.

    Can someone tell me what fees I should expect for the lease, From what I read here, its acquisition and registration fees. What other fees get charged on a lease in NJ?

    There is probably a dealer fee as well.

    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 / 2014 MINI Countryman S ALL4

  • Getting $625/mo for a 36/10 on a Tech with Ent package... seems high, yes? First payment down, $52,200, with final sales price at 46,500...
  • MichaellMichaell ColoradoPosts: 146,777

    Getting $625/mo for a 36/10 on a Tech with Ent package... seems high, yes? First payment down, $52,200, with final sales price at 46,500...

    Yep, something doesn't add up. Using the 62% residual for 36/10 on the Tech + Ent, and the base MF of .00141 along with your MSRP and sales price gives me a pre-tax payment of $504/mo.

    Either the MF is marked up and/or the net cap cost is way higher than the sales price. Get the dealer to provide the details behind their quote.

    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 / 2014 MINI Countryman S ALL4

  • kyaarkyaar Posts: 6
    Can someone please help with lease amount and my lease calculation breakdown for
    TRIM - SH-AWD + Tech + Entertainment
    • 52210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $47210.00
    • Capitalized Cost:$47946.00   (  $47210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $45446
    • Residual value (62% of MSRP) - $32370
    the VA Tax is 4.05%


    TRIM - SH-AWD + Tech 
    • 50210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $45210.00
    • Capitalized Cost:$45946.00   (  $45210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $43446
    • Residual value (62% of MSRP) - $31130
    Thanks
  • MichaellMichaell ColoradoPosts: 146,777
    kyaar said:

    Can someone please help with lease amount and my lease calculation breakdown for
    TRIM - SH-AWD + Tech + Entertainment

    • 52210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $47210.00
    • Capitalized Cost:$47946.00   (  $47210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $45446
    • Residual value (62% of MSRP) - $32370
    the VA Tax is 4.05%


    TRIM - SH-AWD + Tech 
    • 50210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $45210.00
    • Capitalized Cost:$45946.00   (  $45210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $43446
    • Residual value (62% of MSRP) - $31130
    Thanks
    Base MF is .00141 ... using your numbers, I get a pre-tax payment of $472.94 on the Tech + Ent and $447.26 for the Tech.

    We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.

    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 / 2014 MINI Countryman S ALL4

  • kyaarkyaar Posts: 6
    Michaell said:
    Can someone please help with lease amount and my lease calculation breakdown for
    TRIM - SH-AWD + Tech + Entertainment
    • 52210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $47210.00
    • Capitalized Cost:$47946.00   (  $47210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $45446
    • Residual value (62% of MSRP) - $32370
    the VA Tax is 4.05%


    TRIM - SH-AWD + Tech 
    • 50210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $45210.00
    • Capitalized Cost:$45946.00   (  $45210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $43446
    • Residual value (62% of MSRP) - $31130
    Thanks
    Base MF is .00141 ... using your numbers, I get a pre-tax payment of $472.94 on the Tech + Ent and $447.26 for the Tech. We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.
    Is this a good deal? What else can I negotiate on?
  • MichaellMichaell ColoradoPosts: 146,777
    kyaar said:


    Michaell said:

    kyaar said:

    Can someone please help with lease amount and my lease calculation breakdown for
    TRIM - SH-AWD + Tech + Entertainment

    • 52210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $47210.00
    • Capitalized Cost:$47946.00   (  $47210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $45446
    • Residual value (62% of MSRP) - $32370
    the VA Tax is 4.05%


    TRIM - SH-AWD + Tech 
    • 50210.00 MSRP (This includes Destination Fee)
    • Final Sale Price -  $45210.00
    • Capitalized Cost:$45946.00   (  $45210.00 + $736.00 Acquisition Fee & Title Fees)
    • Down - $2500
    • Lease Cost - $43446
    • Residual value (62% of MSRP) - $31130
    Thanks
    Base MF is .00141 ... using your numbers, I get a pre-tax payment of $472.94 on the Tech + Ent and $447.26 for the Tech.

    We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.

    Is this a good deal? What else can I negotiate on?

    The only variables in a lease are the selling price and the MF - you want to negotiate the best (lowest) selling price you can and confirm that the dealer has not marked up the MF for extra profit.

    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 / 2014 MINI Countryman S ALL4

  • pm56pm56 Posts: 2
    Contacting Acura dealers in chicago suburbs:

    Acura MDX with Advance & Entertainment package.

    36 months, $0 down with $10K miles/year

    I get:
    Monthly payment: $777 (includes tax)
    MF: 0.00141
    Residual: $34,220

    My home grown calculator is showing 714 for the same MF and residual with 7% tax.

    Can anybody comment?

  • MichaellMichaell ColoradoPosts: 146,777
    pm56 said:

    Contacting Acura dealers in chicago suburbs:

    Acura MDX with Advance & Entertainment package.

    36 months, $0 down with $10K miles/year

    I get:
    Monthly payment: $777 (includes tax)
    MF: 0.00141
    Residual: $34,220

    My home grown calculator is showing 714 for the same MF and residual with 7% tax.

    Can anybody comment?

    We'd need to know the MSRP and net cap cost to evaluate.

    Base MF is being used, so that's a good start.

    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 / 2014 MINI Countryman S ALL4

  • pm56pm56 Posts: 2
    Thank you Michaell.

    I ended up buying instead of leasing because IMO the residual was undervalued for the 2016 car. The MSRP was $58K.

    It was an Acura 2016 MDX Adv w/RES (Approx. 59K OTD incl. tax)

    For buying, the price I got was $55721 ($55,801 + 920 destination). Additionally where I got screwed over was they did sell me the 10Y/100K warranty for $2300 and that is why they gave me a low APR. They started initially with 2.09% for 60 months.
    Put 7K down. APR of 1.79% for 72 months. (They did all the All Weather Mats)

    Lessons learnt and I hope somebody can use this to even get a better deal:
    1) Always go at the last day of the month. In fact, if you can check and find out when Acura's fiscal year ends, go a day before that. Sometimes company's fiscal may not be calendar year.
    2) If you have good credit, push on the APR as much as you can. They started on 2.99% and ended up with 1.79% (they have a ton of room). In fact I know for a fact that you can get as low as 0.9% today if you want to even for 72 months or 60 months
    3) Bring your downpayment in cash. When the dealer says oh we cannot do that price that you are asking. Dangle the carrot, take out the envelope and say you are ready to buy today but it's unfortunate and walk out. Do this at the very end.

    This may or maynot work depending on your area, but just my 2 cents.

    Happy buying !!



  • MichaellMichaell ColoradoPosts: 146,777
    pm56 said:

    Thank you Michaell.

    I ended up buying instead of leasing because IMO the residual was undervalued for the 2016 car. The MSRP was $58K.

    It was an Acura 2016 MDX Adv w/RES (Approx. 59K OTD incl. tax)

    For buying, the price I got was $55721 ($55,801 + 920 destination). Additionally where I got screwed over was they did sell me the 10Y/100K warranty for $2300 and that is why they gave me a low APR. They started initially with 2.09% for 60 months.
    Put 7K down. APR of 1.79% for 72 months. (They did all the All Weather Mats)

    Lessons learnt and I hope somebody can use this to even get a better deal:
    1) Always go at the last day of the month. In fact, if you can check and find out when Acura's fiscal year ends, go a day before that. Sometimes company's fiscal may not be calendar year.
    2) If you have good credit, push on the APR as much as you can. They started on 2.99% and ended up with 1.79% (they have a ton of room). In fact I know for a fact that you can get as low as 0.9% today if you want to even for 72 months or 60 months
    3) Bring your downpayment in cash. When the dealer says oh we cannot do that price that you are asking. Dangle the carrot, take out the envelope and say you are ready to buy today but it's unfortunate and walk out. Do this at the very end.

    This may or maynot work depending on your area, but just my 2 cents.

    Happy buying !!

    Thanks for following up with us and sharing your experiences with us. Enjoy the new MDX!

    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 / 2014 MINI Countryman S ALL4

  • amaruriamaruri Posts: 2
    edited June 2015
    I'm sorry for the ridiculous question, but I don't understand any of these numbers. I'm looking at leasing a 2016 MDX with Tech that I was going to originally purchase. They didn't have the vehicle on the lot, so it was trailored over and I haven't picked it up. Now I'm having second thoughts about financing because the monthly is just too hot after running the numbers. I guess I got carried away. I had planned putting down 5K from the sale of my old car but at 1.99%, it's still too high. Now I'm considering leasing instead which I hope will bring down the price considerably. My question is: I plan on removing the 5K from the deal, The car was sold to me at an agreed price of $46,700, which is below trucar and probably a reasonable price. I live in Florida where the sales tax is 6%. If I were to lease at 35 months (one month free), with $1500 down and 10K miles per year, what would my monthly payment be? Thank you!!
  • kyfdxkyfdx Posts: 153,347
    amaruri said:

    I'm sorry for the ridiculous question, but I don't understand any of these numbers. I'm looking at leasing a 2016 MDX with Tech that I was going to originally purchase. They didn't have the vehicle on the lot, so it was trailored over and I haven't picked it up. Now I'm having second thoughts about financing because the monthly is just too hot after running the numbers. I guess I got carried away. I had planned putting down 5K from the sale of my old car but at 1.99%, it's still too high. Now I'm considering leasing instead which I hope will bring down the price considerably. My question is: I plan on removing the 5K from the deal, The car was sold to me at an agreed price of $46,700, which is below trucar and probably a reasonable price. I live in Florida where the sales tax is 6%. If I were to lease at 35 months (one month free), with $1500 down and 10K miles per year, what would my monthly payment be? Thank you!!

    Can't calculate a lease payment without the MSRP

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • awesome service, has helped me tremendously on last two cars.

    Can you provide the current indicative residual % and MF for a base MDX SH-AWD?
  • whoops - for a 36/12 lease
  • MichaellMichaell ColoradoPosts: 146,777

    awesome service, has helped me tremendously on last two cars.

    Can you provide the current indicative residual % and MF for a base MDX SH-AWD?

    whoops - for a 36/12 lease

    .00141 and 63%

    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 / 2014 MINI Countryman S ALL4

  • scoop164scoop164 Posts: 16
    What is the residual and money factor for a MDX Tech with Acura Watch? Thanks in advance
  • scoop164scoop164 Posts: 16
    In the Southeast region (if it matters)
  • amaruriamaruri Posts: 2
    kyfdx said:

    amaruri said:

    I'm sorry for the ridiculous question, but I don't understand any of these numbers. I'm looking at leasing a 2016 MDX with Tech that I was going to originally purchase. They didn't have the vehicle on the lot, so it was trailored over and I haven't picked it up. Now I'm having second thoughts about financing because the monthly is just too hot after running the numbers. I guess I got carried away. I had planned putting down 5K from the sale of my old car but at 1.99%, it's still too high. Now I'm considering leasing instead which I hope will bring down the price considerably. My question is: I plan on removing the 5K from the deal, The car was sold to me at an agreed price of $46,700, which is below trucar and probably a reasonable price. I live in Florida where the sales tax is 6%. If I were to lease at 35 months (one month free), with $1500 down and 10K miles per year, what would my monthly payment be? Thank you!!

    Can't calculate a lease payment without the MSRP
    MSRP: 48,210 - Thanks

  • kyfdxkyfdx Posts: 153,347
    scoop164 said:

    What is the residual and money factor for a MDX Tech with Acura Watch? Thanks in advance

    .00141 MF and 59% residual for 36mo, 15K/yr

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 146,777
    amaruri said:

    kyfdx said:

    amaruri said:

    I'm sorry for the ridiculous question, but I don't understand any of these numbers. I'm looking at leasing a 2016 MDX with Tech that I was going to originally purchase. They didn't have the vehicle on the lot, so it was trailored over and I haven't picked it up. Now I'm having second thoughts about financing because the monthly is just too hot after running the numbers. I guess I got carried away. I had planned putting down 5K from the sale of my old car but at 1.99%, it's still too high. Now I'm considering leasing instead which I hope will bring down the price considerably. My question is: I plan on removing the 5K from the deal, The car was sold to me at an agreed price of $46,700, which is below trucar and probably a reasonable price. I live in Florida where the sales tax is 6%. If I were to lease at 35 months (one month free), with $1500 down and 10K miles per year, what would my monthly payment be? Thank you!!

    Can't calculate a lease payment without the MSRP
    MSRP: 48,210 - Thanks

    Using the base MF of .00141, the 36/10 residual of 63% along with your MSRP and selling price, I get a lease payment of $596/mo with tax.

    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 / 2014 MINI Countryman S ALL4

  • scoop164scoop164 Posts: 16
    Thanks!
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