We don't recommend putting money down on a lease - that money is at risk if the car is stolen or totaled. And, it masks the true monthly cost ($2999 is about $77/mo for 39 months, so your "true" payment is around $586/mo).
I'm new to the site so I apologize if I'm not asking the right questions or asking in the wrong place.
I have about 5 months left on a 2014 tl tech shawd lease. I went and visited my dealer (Paragon) I'm up here in New York and was given the following information and was wanting to see if the numbers are good and what else I should be asking for.
On a 2017 shawd tech mdx no money down just "drive off costs" . Selling price (after negotiations) $47800 MF 136 and residual is 60%. Without doing any real hard numbers the dealer stated my monthly would be around $550.
Is that good deal? Does it make sense? I currently pay $450 for the tl and being that I have a rough history with the dealership, I would like to haggle the mdx monthly down to 475 or so. Is that possible/realistic?
So for the rant and thank you in advance.
Why do you want to end your current lease with 5 months left? Those payments have to go somewhere, and it's likely they are rolling over into your new lease. That's $2200, or $56/mo on a 39 month lease. If you wait until your lease is up, that will save you money right there.
MF is .00136 and residual is 60%.
Every $1000 you shave off the selling price will take $26/mo off the payment (again, for 39 months), so to get from $550/mo to $475/mo you'll have to knock about $3K off the price.
And, find out exactly what 'drive off' costs include.
According to the rep, Acura has a program where they forgive or "eat" the cost. I myself don't want to or have the need to get out of my current lease early. Just the dealership is absolutely relentless and convinced me to go see what my options were. I'll see what exactly the drive off costs are. Would a selling price of 44800 be completely unrealistic?
I'm not aware of any 'pull ahead' program for Acura.
The word "no" comes to mind - though, I didn't take my own advice and traded out of my last lease two months early.
We don't track selling prices, but it can't hurt to ask for $44,800.
Hello - Is this a good deal? $628/month for Acura MDX with Tech Pack. Residual of 60% and MF of .00150. He told me the best dealer price he could do was $48000 if I financed. This is 39/12K and $3500 towards cap cost. I thought it was a little expensive but this was sales tax, bank acqusition fee all rolled in.
Hello - Is this a good deal? $628/month for Acura MDX with Tech Pack. Residual of 60% and MF of .00150. He told me the best dealer price he could do was $48000 if I financed. This is 39/12K and $3500 towards cap cost. I thought it was a little expensive but this was sales tax, bank acqusition fee all rolled in.
Thanks!
Base MF is .00136.
What is the MSRP and selling price, for the lease?
What state and tax rate?
Any other cash due at signing, beyond the $3500 for cap reduction?
We don't recommend the cap reducttion - that money is lost if the car is stolen or totaled.
Read back through the last page or two of this discussion to see what others have been able to negotiate.
Hello - Is this a good deal? $628/month for Acura MDX with Tech Pack. Residual of 60% and MF of .00150. He told me the best dealer price he could do was $48000 if I financed. This is 39/12K and $3500 towards cap cost. I thought it was a little expensive but this was sales tax, bank acqusition fee all rolled in.
Thanks!
Base MF is .00136.
What is the MSRP and selling price, for the lease?
What state and tax rate?
Any other cash due at signing, beyond the $3500 for cap reduction?
We don't recommend the cap reducttion - that money is lost if the car is stolen or totaled.
Read back through the last page or two of this discussion to see what others have been able to negotiate.
Hello - Is this a good deal? $628/month for Acura MDX with Tech Pack. Residual of 60% and MF of .00150. He told me the best dealer price he could do was $48000 if I financed. This is 39/12K and $3500 towards cap cost. I thought it was a little expensive but this was sales tax, bank acqusition fee all rolled in.
Thanks!
Base MF is .00136.
What is the MSRP and selling price, for the lease?
What state and tax rate?
Any other cash due at signing, beyond the $3500 for cap reduction?
We don't recommend the cap reducttion - that money is lost if the car is stolen or totaled.
Read back through the last page or two of this discussion to see what others have been able to negotiate.
Could you let me know the residual and MF on a 2017 Acura MDX AWD base for 10k and 12k per year (36 months). Also, any promotion/incentivies going on? Thanks!
Could you let me know the residual and MF on a 2017 Acura MDX AWD base for 10k and 12k per year (36 months). Also, any promotion/incentivies going on? Thanks!
Numbers I am getting from my local Connecticut dealer are:
2017 MDX AWD w/Tech 10,000 miles/yr (39 Month Lease)
MSRP: 51,300
Selling Price: 49,300
MF: .00136
Residual: 60%
Cash down (OTD/includes TTL): $1536
OTD monthly price: $599
I am thinking that I should try to negotiate the selling price to below $48,000 based on what I am seeing posted here.
Thoughts?
The money factor and residual are correct.
We don't track sale prices.
I should have been more clear.
is $48000 a realistic goal for negotiating the price of the vehicle before residuals are calculated?
Can someone let me know the December MF and Residual for a 2017 MDX with 15K miles per year with entertainment and technology package? This is in Florida also if that makes a difference. Thank you!
Can someone let me know the December MF and Residual for a 2017 MDX with 15K miles per year with entertainment and technology package? This is in Florida also if that makes a difference. Thank you!
I got a 39 mo lease quote for 2017 AWD Adv w/ Ent., $0 down, $759 sign & drive ($759/mo). TTL all in, sales tax is 7%, doc. fee and registration are about $800 total. Assuming MF and residual unchanged in Dec., I tried to back in the cap cost. I got $54,655. Need the experts here to validate.
I got a 39 mo lease quote for 2017 AWD Adv w/ Ent., $0 down, $759 sign & drive ($759/mo). TTL all in, sales tax is 7%, doc. fee and registration are about $800 total. Assuming MF and residual unchanged in Dec., I tried to back in the cap cost. I got $54,655. Need the experts here to validate.
What is the MSRP? What mileage allowance?
Why not just ask the dealer that gave you the quote?
I got a 39 mo lease quote for 2017 AWD Adv w/ Ent., $0 down, $759 sign & drive ($759/mo). TTL all in, sales tax is 7%, doc. fee and registration are about $800 total. Assuming MF and residual unchanged in Dec., I tried to back in the cap cost. I got $54,655. Need the experts here to validate.
What is the MSRP? What mileage allowance?
Why not just ask the dealer that gave you the quote?
MSRP: 59,340 Mileage: 12K I have asked the dealer. I'm just doing my own calculation while waiting to hear back.
I got a 39 mo lease quote for 2017 AWD Adv w/ Ent., $0 down, $759 sign & drive ($759/mo). TTL all in, sales tax is 7%, doc. fee and registration are about $800 total. Assuming MF and residual unchanged in Dec., I tried to back in the cap cost. I got $54,655. Need the experts here to validate.
What is the MSRP? What mileage allowance?
Why not just ask the dealer that gave you the quote?
MSRP: 59,340 Mileage: 12K I have asked the dealer. I'm just doing my own calculation while waiting to hear back.
Using your MSRP, along with the .00136 MF, 59% residual and 7% sales tax, the cap cost would have to be in the neighborhood of $56,100 (give or take) to get a payment of $759/mo including tax.
Hi Michaell - Thanks. I figured out what was wrong with the calculator. Please let me know if this is more in line. Also, I guess the dealer lumped in some fees and made the cap cost to about $57,755.
Hi Michaell - Thanks. I figured out what was wrong with the calculator. Please let me know if this is more in line. Also, I guess the dealer lumped in some fees and made the cap cost to about $57,755.
Thank you. Here is the deal I am getting for a 39 month 10k miles MSRP - 51300 Selling price - $46800 Downpayment - $2000 (Tax DMV+DocFees+First Month) Monthly $550 per month including taxes for CA.
Thank you. Here is the deal I am getting for a 39 month 10k miles MSRP - 51300 Selling price - $46800 Downpayment - $2000 (Tax DMV+DocFees+First Month) Monthly $550 per month including taxes for CA.
Is this a good deal?
If the selling price is the CAP cost, then I get $550/mo.+tax. Some of that $2000 must be going for CAP cost reduction.
I am looking for the MF and residual (36/12 and 36/15) on an MDX AWD with the technology package. Does leasing for 39 months make a difference in either the MF or residual?
I am looking for the MF and residual (36/12 and 36/15) on an MDX AWD with the technology package. Does leasing for 39 months make a difference in either the MF or residual?
Thank you. Here is the deal I am getting for a 39 month 10k miles
MSRP - 51300
Selling price - $46800
Downpayment - $2000 (Tax DMV+DocFees+First Month)
Monthly $550 per month including taxes for CA.
Is this a good deal?
If the selling price is the CAP cost, then I get $550/mo.+tax.
Some of that $2000 must be going for CAP cost reduction.
I am struggling with a dealer due to my lack of understanding on this issue. I negotiated a 2017 MDX AWD w/Tech down to $48,000 from $51,300, but he is quoting me $609/month with $1500 down (includes everything -- first payment, $826 fees and insurance).
They claim the the money factor is .00136 with 60% residual on a 39 month lease, and price included CT sales tax $36/month. Purchase option at end is $31,780
Thank you. Here is the deal I am getting for a 39 month 10k miles MSRP - 51300 Selling price - $46800 Downpayment - $2000 (Tax DMV+DocFees+First Month) Monthly $550 per month including taxes for CA.
Is this a good deal?
If the selling price is the CAP cost, then I get $550/mo.+tax. Some of that $2000 must be going for CAP cost reduction.
I am struggling with a dealer due to my lack of understanding on this issue. I negotiated a 2017 MDX AWD w/Tech down to $48,000 from $51,300, but he is quoting me $609/month with $1500 down (includes everything -- first payment, $826 fees and insurance).
They claim the the money factor is .00136 with 60% residual on a 39 month lease, and price included CT sales tax $36/month. Purchase option at end is $31,780
Are their numbers right?
TY
.00136 MF and 60% residual is correct for 39/10.
1) Ask the dealer for an accounting of the $826 in fees (what are the fees for? Are they legitimate). 2) Ask the dealer for the adjusted CAP cost. If it isn't $48,000, ask for an accounting of what's been added and why. To get to their $573/mo. pre-tax payment, the CAP cost would have to be about $48,900.
Comments
Edmunds Price Checker
Edmunds Lease Calculator
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
The word "no" comes to mind - though, I didn't take my own advice and traded out of my last lease two months early.
We don't track selling prices, but it can't hurt to ask for $44,800.
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks!
What is the MSRP and selling price, for the lease?
What state and tax rate?
Any other cash due at signing, beyond the $3500 for cap reduction?
We don't recommend the cap reducttion - that money is lost if the car is stolen or totaled.
Read back through the last page or two of this discussion to see what others have been able to negotiate.
Edmunds Price Checker
Edmunds Lease Calculator
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
Thank you! This is state of NY. I think my tax rate is 7.375% I wasn't planning on putting any money down. I also noticed that Acura has a special for $439/month. http://www.acura.com/tools/shopping/CurrentOffersFinance.aspx?model=MDX
I was wondering why there is such a huge difference.
Edmunds Price Checker
Edmunds Lease Calculator
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
What are MF and residual prices for 2017 MDX SH-AWD with Tech package in the state of Texas.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2017 MDX AWD w/Tech 10,000 miles/yr (39 Month Lease)
MSRP: 51,300
Selling Price: 49,300
MF: .00136
Residual: 60%
Cash down (OTD/includes TTL): $1536
OTD monthly price: $599
I am thinking that I should try to negotiate the selling price to below $48,000 based on what I am seeing posted here.
Thoughts?
We don't track sale prices.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Could you let me know the residual and MF on a 2017 Acura MDX AWD base for 10k and 12k per year (36 months). Also, any promotion/incentivies going on? Thanks!
i-SpY
Edmunds Price Checker
Edmunds Lease Calculator
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
is $48000 a realistic goal for negotiating the price of the vehicle before residuals are calculated?
is $48000 a realistic goal for negotiating the price of the vehicle before residuals are calculated?
Sorry.. we don't track sale prices.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
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
Rates are national.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
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
.00136 and 59% for both 36/12 and 39/12
Edmunds Price Checker
Edmunds Lease Calculator
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
What mileage allowance?
Why not just ask the dealer that gave you the quote?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Mileage: 12K
I have asked the dealer. I'm just doing my own calculation while waiting to hear back.
Edmunds Price Checker
Edmunds Lease Calculator
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
On-line calculators often make assumptions we know nothing about. Try building your own:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
Edmunds Price Checker
Edmunds Lease Calculator
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
Hi Michaell - Thanks. I figured out what was wrong with the calculator. Please let me know if this is more in line. Also, I guess the dealer lumped in some fees and made the cap cost to about $57,755.
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
MSRP - 51300
Selling price - $46800
Downpayment - $2000 (Tax DMV+DocFees+First Month)
Monthly $550 per month including taxes for CA.
Is this a good deal?
Some of that $2000 must be going for CAP cost reduction.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Does the 39 month 10k miles bring down the monthly installment? Any issues if I go with this offer vs 3yr 30k miles.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
They claim the the money factor is .00136 with 60% residual on a 39 month lease, and price included CT sales tax $36/month. Purchase option at end is $31,780
Are their numbers right?
TY
They claim the the money factor is .00136 with 60% residual on a 39 month lease, and price included CT sales tax $36/month. Purchase option at end is $31,780
Are their numbers right?
TY
.00136 MF and 60% residual is correct for 39/10.
1) Ask the dealer for an accounting of the $826 in fees (what are the fees for? Are they legitimate).
2) Ask the dealer for the adjusted CAP cost. If it isn't $48,000, ask for an accounting of what's been added and why. To get to their $573/mo. pre-tax payment, the CAP cost would have to be about $48,900.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I am getting quoted for 2017 MDX AWD + Tech
39 months 10k per year
1200 upfront (licensing, first month payment, doc fees)
570 per month + tax.
I don't know Cap Cost, I believe its 46800. MSRP 51300
Do calculations make sense?
Edmunds Price Checker
Edmunds Lease Calculator
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
Does 1170 sound like too much?
I am getting the following deal for 2017 Acura MDX Tech package SH-AWD, 39 month 39k miles,
MSRP - 51300
Adjusted Cap Cost - 46268
Downpayment - 2000 ($826 towards cap reduction)
Residual - $59%
MF - 0.00136
Monthly - $560 including CA state tax.
Is this a good deal?
Pretty close to your quote of $551/mo plus tax.
.00136 and 60% for 39/10.
Ask for a full accounting of the $1170 - if the dealer doesn't want to share, that may be a dealer you don't want to work with.
Edmunds Price Checker
Edmunds Lease Calculator
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