2016 Acura MDX Lease Questions

apdspider

thank you

myautoshop

Hello Michaell,
Please let me know if its a good deal to go for lease 2016 MDX AWD Tech, NJ. I am new to lease.

Dealer is quoting me $535 including tax with no down payment.

Thanks a lot.

kyfdx

myautoshop said:

Hello Michaell,
Please let me know if its a good deal to go for lease 2016 MDX AWD Tech, NJ. I am new to lease.

Dealer is quoting me $535 including tax with no down payment.

Thanks a lot.

Need to know the MSRP and selling price, or adjusted CAP cost.
Also, term and mileage allowance.

apdspider

kyfdx said:

myautoshop said:

Hello Michaell,
Please let me know if its a good deal to go for lease 2016 MDX AWD Tech, NJ. I am new to lease.

Dealer is quoting me $535 including tax with no down payment.

Thanks a lot.

Need to know the MSRP and selling price, or adjusted CAP cost.
Also, term and mileage allowance.

I'm no expert... but I estimate FL $535/mo for the TECH AWP FWD model... so you deal seems great to me. But again, that's my opinion. Like the Moderator said, need more info to know exactly.

myautoshop

kyfdx said:

myautoshop said:

Hello Michaell,
Please let me know if its a good deal to go for lease 2016 MDX AWD Tech, NJ. I am new to lease.

Dealer is quoting me $535 including tax with no down payment.

Thanks a lot.

Need to know the MSRP and selling price, or adjusted CAP cost.
Also, term and mileage allowance.

Please find the details,
MSRP: $50,250
Selling Price: $44,150
Term: 36 months
Mileage: 10K per year

Thank you so much, I really appreciate your response.

kyfdx

myautoshop said:

kyfdx said:

myautoshop said:

Hello Michaell,
Please let me know if its a good deal to go for lease 2016 MDX AWD Tech, NJ. I am new to lease.

Dealer is quoting me $535 including tax with no down payment.

Thanks a lot.

Need to know the MSRP and selling price, or adjusted CAP cost.
Also, term and mileage allowance.

Please find the details,
MSRP: $50,250
Selling Price: $44,150
Term: 36 months
Mileage: 10K per year

Thank you so much, I really appreciate your response.

.00020 MF and 56% residual. $1750 lease cash.

Without tax or any additions, $459/mo.
To get to $535/mo, you need about $2700 more on the CAP cost.
About $1200 in tax, $595 acquisition fee. That leaves about $900 more for title/registration/doc, etc.. That's assuming that $535/mo. is the full amount due at signing.

If that sounds right, then the numbers add up.

myautoshop

Thank you so much, so looks like its a good deal to go.

sriincal

Hello Michael,
Looking to lease a 2016 MDX AWD Tech. I received quotes of $520/month with 2K down.
I am in CA

MSRP: 50380
Selling price: 45100
Terms : 12K miles per year for 36 months

Can you please let me know if this is a good deal

kyfdx

sriincal said:

Hello Michael,
Looking to lease a 2016 MDX AWD Tech. I received quotes of $520/month with 2K down.
I am in CA

MSRP: 50380
Selling price: 45100
Terms : 12K miles per year for 36 months

Can you please let me know if this is a good deal

.00020 MF and 55% residual. $1750 lease cash.

If the $2000 covers 1st payment, title/doc fees and $595 acquisition fee (and it should, with some left over), then $498/mo.+tax.

Find out how much of the $2000 goes to CAP cost reduction (and, the resulting adjusted CAP cost).

If you are happy with the selling price, then it looks good.

seant319

I have had two dealers quote me on selling price and then say they will not include lease cash for the 2016 AWD with Technology MDX (lease cash is 1750). Is there anything I should say in response or should I just keep looking elsewhere?

Michaell

seant319 said:

I have had two dealers quote me on selling price and then say they will not include lease cash for the 2016 AWD with Technology MDX (lease cash is 1750). Is there anything I should say in response or should I just keep looking elsewhere?

It is up to the dealer whether to pass along the lease cash or not.

Obviously, you want to find a dealer who will. I'm sure there's one out there.

Keep looking.

seant319

Thanks Michaell

sriincal

Thanks Michael for your inputs

seant319

I have one more question- dealer is saying residual is 53% for 2016 AWD Tech MDX for 15/36. Is that accurate? I thought I read that it was 54% a few pages back in this thread. Then I have 55% for 12/36, and 56% for 10/36.

kyfdx

seant319 said:

I have one more question- dealer is saying residual is 53% for 2016 AWD Tech MDX for 15/36. Is that accurate? I thought I read that it was 54% a few pages back in this thread. Then I have 55% for 12/36, and 56% for 10/36.

53% is correct for 36/15.

antons911

What is mf and rv on 2016 MDX Advanced AWD on 36/10? Thank you.

kyfdx

antons911 said:

What is mf and rv on 2016 MDX Advanced AWD on 36/10? Thank you.

.00020 MF and 56% residual. $1500 lease cash.

whisperz1

Can I please have an opinion on this deal, a good deal or no? Thank you.

2016 MDX Base trim FWD
MSRP $43805
$41805 Selling Price
$4500 OTD
35 payments of 410.91 with tax
10k miles per year
36 month lease term

whisperz1

Can you please determine whats the MF from above numbers? And is there incentives on Base trims?
Thank you very much.

Michaell

whisperz1 said:

Can I please have an opinion on this deal, a good deal or no? Thank you.

2016 MDX Base trim FWD
MSRP $43805
$41805 Selling Price
$4500 OTD
35 payments of 410.91 with tax
10k miles per year
36 month lease term

whisperz1 said:

Can you please determine whats the MF from above numbers? And is there incentives on Base trims?
Thank you very much.

Numbers this month are .00020 and 58% for 36/10.

What state and tax rate is this?

What does the $4500 cover?

As is, your numbers give me a payment of $469/mo before tax.

whisperz1

Is the MF the same nationwide or regional, and is this negotiable? State is Hawaii, 4.5 or 4.16% the $4.5K is everything included (1st month included too I assume)
Thank you.

Michaell

whisperz1 said:

Is the MF the same nationwide or regional, and is this negotiable? State is Hawaii, 4.5 or 4.16% the $4.5K is everything included (1st month included too I assume)
Thank you.

The Acura numbers are national.

MF can be marked up for extra profit (though we don't see that a lot with Acura), and the residual value is fixed by the bank and cannot be modified.

We need a breakdown of the $4500 ...

whisperz1

Got the rest of the values please comment and dissect if deal is solid or no. Thank you very much.

Reiterating from above,
2016 MDX Base trim FWD
MSRP $43805 (*from dealer site its $43955)
$41805 Selling Price
$4500 OTD (*I'm adding $1.5K to lower monthly under 400 and possibly purchase later "IF")
35 payments of 410.91 with tax
10k miles per year
36 month lease term
Hawaii (4.5 or 4.16%)

Additional information just received,
3244.61 Cash Cap Reduction
382.69 License and Safety Check
295 Doc Fee
595 Acq Fee
832.43 Total Taxes
MF .00020
RV 25,493.90
6,000 drive off 367.74 monthly

I would appreciate as much information as possible. Thanks.

kyfdx

whisperz1 said:

Got the rest of the values please comment and dissect if deal is solid or no. Thank you very much.

Reiterating from above,
2016 MDX Base trim FWD
MSRP $43805 (*from dealer site its $43955)
$41805 Selling Price
$4500 OTD (*I'm adding $1.5K to lower monthly under 400 and possibly purchase later "IF")
35 payments of 410.91 with tax
10k miles per year
36 month lease term
Hawaii (4.5 or 4.16%)

Additional information just received,
3244.61 Cash Cap Reduction
382.69 License and Safety Check
295 Doc Fee
595 Acq Fee
832.43 Total Taxes
MF .00020
RV 25,493.90
6,000 drive off 367.74 monthly

I would appreciate as much information as possible. Thanks.

$2000 off doesn't seem like a great deal, considering there is a $500 incentive for the dealer from Acura, but this is Hawaii. I'll guess there isn't much competition from other Acura dealers.

Using your figures and the base rates (.00020 MF and 58% residual), I get $376/mo.
The dealer site has the correct MSRP, as it corresponds with the residual amount.

I wouldn't make that big CAP reduction. You aren't really saving any money, and though it might lower the payment a corresponding amount, it doesn't change the residual, or make the car any cheaper to buy at lease end. (it's still 58% of MSRP).

whisperz1

I will include that $500 incentive in the negotiation I think there are only 2 dealership here. I'm thinking of going with the the 4.5K everything and 410.91 monthly.

On the Math, Is the adjusted CAP cost $38577.69? I got that by subtracting $3227.31 from sell price a number which I got from removing the doc fee/acq fee/license from $4500 total out the door number. Did I get this right? Any other areas I could try to negotiate besides the $500 incentive.

Thank you.

kyfdx

whisperz1 said:

I will include that $500 incentive in the negotiation I think there are only 2 dealership here. I'm thinking of going with the the 4.5K everything and 410.91 monthly.

On the Math, Is the adjusted CAP cost $38577.69? I got that by subtracting $3227.31 from sell price a number which I got from removing the doc fee/acq fee/license from $4500 total out the door number. Did I get this right? Any other areas I could try to negotiate besides the $500 incentive.

Thank you.

That's how I figured it.

jiho0101

Hi can you please give me August MF, Residual, lease cash (if any) for 2016 MDX Tech pkg for 36mo/10K in California (if this matters). Please provide both for FWD & SH-AWD
Thanks!

Michaell

jiho0101 said:

Hi can you please give me August MF, Residual, lease cash (if any) for 2016 MDX Tech pkg for 36mo/10K in California (if this matters). Please provide both for FWD & SH-AWD
Thanks!

.00020 and 56%. Both FWD and SH-AWD.

$1750 lease cash.

jiho0101

Michaell said:

jiho0101 said:

Hi can you please give me August MF, Residual, lease cash (if any) for 2016 MDX Tech pkg for 36mo/10K in California (if this matters). Please provide both for FWD & SH-AWD
Thanks!

.00020 and 56%. Both FWD and SH-AWD.

$1750 lease cash.

Oh, so no change from July.
Thanks!

Gridmed

I have the current lease offer in Arizona:

2016 MDX AWD Tech
15k miles/36 months
MSRP 49,440
Total down (including first payment, fees, title, tax) = $1250
Monthly payment including tax: $620

It seems like there are significantly better offers on the table in this forum. Am I getting a good deal, or should I continue to negotiate a bit?

Thanks!

kyfdx

Gridmed said:

I have the current lease offer in Arizona:

2016 MDX AWD Tech
15k miles/36 months
MSRP 49,440
Total down (including first payment, fees, title, tax) = $1250
Monthly payment including tax: $620

It seems like there are significantly better offers on the table in this forum. Am I getting a good deal, or should I continue to negotiate a bit?

Thanks!

To evaluate the deal, you need the numbers that go into the calculation. Specifically, the selling price and adjusted CAP cost.

Gridmed

kyfdx said:

Gridmed said:

I have the current lease offer in Arizona:

2016 MDX AWD Tech
15k miles/36 months
MSRP 49,440
Total down (including first payment, fees, title, tax) = $1250
Monthly payment including tax: $620

It seems like there are significantly better offers on the table in this forum. Am I getting a good deal, or should I continue to negotiate a bit?

Thanks!

To evaluate the deal, you need the numbers that go into the calculation. Specifically, the selling price and adjusted CAP cost.

The selling price is $45,910 with a CAP of $49,628.

Thanks so much for your help!

kyfdx

Gridmed said:

kyfdx said:

Gridmed said:

I have the current lease offer in Arizona:

2016 MDX AWD Tech
15k miles/36 months
MSRP 49,440
Total down (including first payment, fees, title, tax) = $1250
Monthly payment including tax: $620

It seems like there are significantly better offers on the table in this forum. Am I getting a good deal, or should I continue to negotiate a bit?

Thanks!

To evaluate the deal, you need the numbers that go into the calculation. Specifically, the selling price and adjusted CAP cost.

The selling price is $45,910 with a CAP of $49,628.

Thanks so much for your help!

.00020 MF and 53% residual. $1750 lease cash.

I get $665/mo. with that CAP cost. Is that a typo? How did we get $3700 more on top of the selling price?

Either way, it seems high. With $1750 lease cash, the effective discount from MSRP is only another $1700. That is kind of puny. I'd negotiate more, and maybe introduce some competition.

whisperz1

Please comment on a new offer. Thank you.

Please see on page 41 for some more information. (Values for the Fees and Title, from different county but should be reusable no?)
MSRP is $43955, 379 per Month, .00020 MF, Sell Price 40055, Adjusted CAP 38119.42 and 3500 Down out the door total. Is that enough to evaluate the deal? Now a solid deal or still high?

Michaell

whisperz1 said:

Please comment on a new offer. Thank you.

Please see on page 41 for some more information. (Values for the Fees and Title, from different county but should be reusable no?)
MSRP is $43955, 379 per Month, .00020 MF, Sell Price 40055, Adjusted CAP 38119.42 and 3500 Down out the door total. Is that enough to evaluate the deal? Now a solid deal or still high?

How does the $3500 up front break down? Is any of it being used as cap reduction?

Relative to MSRP, it looks like a solid payment.

whisperz1

I'm assuming $1935.58 will be from that 3.5K to bring it to that adjusted CAP. Above info is all I have, I'm thinking I could re-use the numbers from a different dealership to fill like from page 41 of this forum of my post.
382.69 License and Safety Check
295 Doc Fee
595 Acq Fee
832.43 Total Taxes (from a different county this is 4.5%, what I have is 4.16%)
MF .00020
RV 25,493.90

Subtracting license, doc, acq and $1935.58 remains $288 unaccounted for maybe this is salesman commissions?

Another question is it cheaper to buy additional miles now during signing? Any ideas how much?
Only got 2 dealership to work with I'm thinking that's it, Time to deal?

Thank you.

Michaell

whisperz1 said:

I'm assuming $1935.58 will be from that 3.5K to bring it to that adjusted CAP. Above info is all I have, I'm thinking I could re-use the numbers from a different dealership to fill like from page 41 of this forum of my post.
382.69 License and Safety Check
295 Doc Fee
595 Acq Fee
832.43 Total Taxes (from a different county this is 4.5%, what I have is 4.16%)
MF .00020
RV 25,493.90

Subtracting license, doc, acq and $1935.58 remains $288 unaccounted for maybe this is salesman commissions?

Another question is it cheaper to buy additional miles now during signing? Any ideas how much?
Only got 2 dealership to work with I'm thinking that's it, Time to deal?

Thank you.

The $1935 in cap reduction results in a decrease of your payment by about $54/mo. Better to keep that money in your pocket and only pay the taxes and fees up front. If the car is stolen or totaled, you'd lose that money.

EDIT - extra miles up front will cost somewhere between .15-.25/mile. Don't have the exact rate.

angel933

Looking at a 2016 MDX SH-awd with Tech
36 months with 20K miles a year
MSRP $50,230
Selling price $43,812
adjusted cap cost $47,180 (This is sign and drive offer, taxes, fees rolled into payment, nothing due at signing.
NJ 7% tax, bank fee $595, Dmv $399, tire tax $7.50, document fee $399, online processing fee $8.05)

They give me a monthly of $629
Does this seem right?

Michaell

angel933 said:

Looking at a 2016 MDX SH-awd with Tech
36 months with 20K miles a year
MSRP $50,230
Selling price $43,812
adjusted cap cost $47,180 (This is sign and drive offer, taxes, fees rolled into payment, nothing due at signing.
NJ 7% tax, bank fee $595, Dmv $399, tire tax $7.50, document fee $399, online processing fee $8.05)

They give me a monthly of $629
Does this seem right?

.00020 and 53% for 36/15. Extra miles are deducted on a per mile basis - don't know the exact rate, but likely .10-.25 per mile

Using the 36/15 numbers with your prices, I get $586/mo. To get to $629, that equates to $1584 for the extra miles ($44/mo delta * 36 months) - divided by the 15,000 extra miles you want, that's about .10 1/2 cents per mile.

Looks like a solid deal - only way to improve on it is to get a better selling price.

EDIT - really, only $43/mo delta in payment. Still, the per mileage charge stays around .10

st2016car

Hi, Do you have MF and RV for 2016 MDX AWD Tech Package in NY/NJ areas? Thanks for the info.

Michaell

st2016car said:

Hi, Do you have MF and RV for 2016 MDX AWD Tech Package in NY/NJ areas? Thanks for the info.

.00020 and 53% for 36/15.

st2016car

Thanks Michael, how about 24/10k and 36/10k?

Michaell

st2016car said:

Thanks Michael, how about 24/10k and 36/10k?

56% for 36/10; 62% for 24/10

sap

Here is the Deal that i got for 2016 MDX FWD with Tech Package 36mon/15k in Northern CA.

MSRP: 48,380
Selling Price: 41,470
Gross Cap cost: 42,065 (includes Acquisition fee, License fees)
Rebate: 750

Total Down: $1056.22 which includes 1st mon payment, Total Cap Reduction:- $750, upfront charges
Monthly: 448.77 + Tax

Is this is Good Deal? Can i go ahead with this one?

Thanks in advance.

apdspider

Damn... get me that deal! disclaimer, I'm not a moderator or expert. Just shopping.

Michaell

sap said:

Here is the Deal that i got for 2016 MDX FWD with Tech Package 36mon/15k in Northern CA.

MSRP: 48,380
Selling Price: 41,470
Gross Cap cost: 42,065 (includes Acquisition fee, License fees)
Rebate: 750

Total Down: $1056.22 which includes 1st mon payment, Total Cap Reduction:- $750, upfront charges
Monthly: 448.77 + Tax

Is this is Good Deal? Can i go ahead with this one?

Thanks in advance.

I get $470/mo plus tax with those numbers (.00020 MF and 53% MF).

Your deal looks pretty good.

sap

Thanks Michaell

jiho0101

I'm shopping for a 2016 MDX FWD Tech in Southern California. Should I wait for labor day special or pull the trigger now? Do you think they will have better money factor and/or better lease cash?

Michaell

jiho0101 said:

I'm shopping for a 2016 MDX FWD Tech in Southern California. Should I wait for labor day special or pull the trigger now? Do you think they will have better money factor and/or better lease cash?

The current Acura numbers are valid through Labor Day; no changes expected until the Tuesday after the long weekend.

You might be able to get a better discount from sticker then. But, every day the inventory shrinks, so getting your preferred trim and color combination becomes that much more difficult.

acuramdx6

This the deal that I got in IL for 2016 MDX AWD Tech package with 36 months 12K/Year
MSRP 50K 518/Month including tax with no down payment.DOC $150 and ERT$25.Residual is 27709

Is it good deal? Is there a way to negotiate further?