2013 and earlier-Acura MDX Lease Questions

adr2

Thanks njpathfinder -- I appreciate it. I'll definitely check out other dealers.

CarMan@Edmunds

Hey Jay. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Acura MDX with 12,000 miles per year are .00180 and 57%, respectively. I am not personally all that familiar with what the specific market for the MDX is like right now, but I know that the market for SUVs is currently very weak. If you are in an area that has a decent level of competition, I personally would not be surprised if you were able to get one for a couple hundred dollars over dealer invoice. Try stopping by the "Acura MDX Prices Paid and Buying Experience" discussion for additional feedback on MDX pricing.

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CarMan@Edmunds

Here you go B. You never mentioned how long you want to lease this vehicle for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Acura MDX Tech with the entertainment system are .00180 and 51%, respectively.

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CarMan@Edmunds

You are correct, dmb2. The dealer cash that Acura is currently providing on the '08 MDX cannot be combined with its special lease program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of an '08 MDX Tech with the entertainment package and 12,000 miles per year are .00180 and 53%, respectively.

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CarMan@Edmunds

Hi neocortex. The $2,000 dealer cash that is currently available on the 2008 Acura MDX is not compatible with its special lease program. $500 under dealer invoice is an outstanding selling price for a leased MDX right now.

Honda Finance charges a $595 acquisition fee on every vehicle that it leases. You can either pay this charge at lease signing or roll it into your truck's capitalized cost to make it part of your monthly payment.

I am not aware of any special owner loyalty incentives from Acura on this model right now, other than the waiver of Honda Finance's security deposit requirement without the normal .00010 money factor increase.

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viperz4

I just negotiated lease for a 2008 MDX base package, 36months/36K miles with just first month payment + title + license due at signing to be $500/months. I am thinking of paying tax also on signing instead of having it rollover to the lease payment. If I do that total due at lease signing is coming out to be $1858 to get $500/month lease. It seems like a good deal. What do you guys think?

njpathfinder

I think you should do a little more homework. Go to a few dealers and ask for the intrest rate and residual for the exact model. Then look at edmunds get the invoice price add a few hundred and google "lease calculator". Once you know the math then go back and negotiate the sale price. Bring a cheat card so when you negotiate the price you can look and see what the payment should be. Its a common sense approach that will ensure you dont get ripped off. The car your looking at (according to my 3 weeks of research) should be .00180 with a 57% residual with a sale price around $37,000. That is $488 without tax with zero down just mv and first payment. your deal isnt terrible but do the math and save some money

viperz4

hmm, with 57% residual and 0.00180 mf, my payments are coming out to be $499.27, almost same as the dealer quoted me. I used Edmonds and LeaseGuide.com calculators. I used $37000 sale price. Residual is based on msrp of $40190. How did you come up with $488?

Thanks!

njpathfinder

My calculation may be flawed. I went to several dealers yesterday and my number are always like 10 dollars off.

njpathfinder

.00180, 53% for 36 month 12K. Cant seem to get better than 500 over invoice on the selling price. That includes dest but not the 595 acquisition fee. Should i be able to better than that? I keep getting "not on a tech and ent model" line when trying to get down near invoice price

carbuyer46

I am getting quoted a money factor of .00235 and residual of 55%. Is this good? 36 mos 12k miles. THis is with the $2000 incentive so they say they can't use the .00180 money factor. Does this sound right to you?

njpathfinder

Sure wish someone would clear up the 2k incentive. Every dealer i went to said you cant use it on a lease. what is the selling price you negotiated? getting a reply from the moderator 3 weeks from now isnt going to do any of us any good. "Special lease" can mean a lot of things.....

carbuyer46

selling price is $39,531. Sales guy said it would be higher withoout the 2k incentive. Says he can give me the money rate of .0018 but would elimnate the rebate/incentive.... Heard it from 2 dealers... Could be true, or could be that they have their stories straight...

njpathfinder

If you run that through www.leaseguide.com/calc.htm its comes out $25 cheaper per month with the 2k off and higher rate than the low rate and 2k more on the price. So maybe you are better off. My experience so far is that even when you have the numbers you need to calculate what the payment should be - its always off and they have layers of BS to explain it. If trick 1,2 and 3 dont work on you they got 4,5 and 6 cocked and ready to get that extra $20 per month out of you. I think George W Bush once called it "fuzzy math".....

ajp00

Can someone let me know when the new mf and residuals for the MDX come out for month of June? Thanks

njpathfinder

$1000 mfg to dealer on leases started June 3. Anyone know what the June MF and residual is on a tech and ent? it was 53% and .00180

zheka212

Dealer told me the MF/residual stayed the same -- thanks for the info!

jrg2261

Hi all - wondering if I can get some thoughts on the following proposed deal for an MDX w/ Tech (no power tailgate):

1. MSRP: $44,410
2. Base Cap: $41,250 (told invoice is $40,900 with a $350 mark-up)
3. Cost Added to Lease: $1,100 (I am backing into this number...includes license, title, etc. but no sales tax plus who knows what else)
4. Cap Cost Reduction: $3,000 (value of trade-in...please assume this is a fair amount)
5. Adj. Cap Cost: $39,350
6. Residual percentage: 55%
7. MF: .0018
8. Term: 36 months (12,000 miles)
9. Nothing due at close, including nothing due for first month

Total monthly payment, including tax = $565.00

zheka212

Check out post 1092 (and the edmunds rebate info page) -- $1000 lease cash from Acura started on June 3. Not sure about shopping for an MDX, but RDX discussions all start with "we are selling the car at invoice" and generally end up a few hundred below invoice. Putting that aside, your cap should be $1000 lower because of the rebate.

lookingforcars

Looking for best deal for 2008 MDX-Tech/Ent. for 36 months/15K miles; currently best offer I have is $593/moth (incl taxes+all fees) + $4,000 down.

Can you also post the June Money Factor and Residual for a 2008 Acura MDX Tech/Ent?

njpathfinder

lookingforcars - .00180 and 53% for 12k miles. Not sure of the residual for 15k but I was told it would add about $12 per payment. I think the deal you have is pretty close to the best you can get. I went to several dealers in Jersey If you have the time and patience you can probably keep bouncing and shave that down a few bucks but I would be suprised if you can get it much less. I got mine for- invoice price with .00180 and 53% with $3500 out of pocket - 597 per month. BTW I too saw no evidence people are shying away from SUV's. I saw many people come in and go quickly thinking there was a fire sale on for MDX's. Maybe elsewhere but not in Jersey

ajp00

njpathfinder,

Could you break down what the $3500 down was? Just curious if this was money down to lower the monthly payment or just the standard 1st month payment, sec deposit, acquisition fee, etc? Thanks

lookingforcars

ajp00,
my quote for $4000 down was all inclusive of 1st month, sec deposit, etc. + cap cost reduction with $593/month

njpathfinder

MSRP 46610 - Tech, Ent, Pwr Tailgate
Selling price: $42375
Res - 53%
Int - .00180
597.00 First Month Payment
595.00 Aquistion Fee
298.00 Doc Fee
264.00 Reg Fee
174.00 Supp Title fee
7.50 NJ Tire fee
$1500 cap cost reduction (money down)
Total $3500 out of pocket, $597 per month 36M/12k
I'm sure people have done better but this was the best I could do in the time frame I had to do it in. Post yours when you make the deal. Most people never post it which isnt helping anyone.

ajp00

Will do. Are taxes included in that price?

njpathfinder

yes

dvdman

Can anyone confirm the money factor and residual for June 15K per year 3 year lease? I was told it was 55% and .00180 but wanted to check.

Thanks

happycamper7

I just leased a Pearl White 2008 MDX w/ Tech Package for 36 Mos / 12,000/yr. I found this forum helpful during my search so I wanted to give back. Feel free to let me know how I did but the lease ink is already dry and my wife is ecstatic with the new wheels so I'm pretty happy either way.

My deal was:

Adjusted Cap Cost: $39,660 (plus dealer cut me a $525 rebate check to help me out w/ a couple last lease payments on my volvo)
Money Down: $2,900 (included taxes, fees, 2-yr tags, $595 charge, $295 processing, and first payment)
Money Factor: 0.0018
Residual: 55%
Monthly Payment: $538
Other: Dealer agreed to help me smooth out a few bumps and interior issues in my volvo for free before I turn it back over to my leasing company.

I went through CostCo Auto program and then negotiated from there. I highly recommend checking out CostCoauto.com. My experience with the CostCo approved Acura dealer service-wise was outstanding.

Happy hunting, everyone.

dakineguy

lookingforcars,

Here is the deal that is on the table for me right now in Southern Cal for a 2008 Tech/Entertainment Package:

MSRP - $46,610 (includes destination charges)
Cap Cost - $43,897.59 ($1,500 over invoice via Costco program)
Residual - $23,771.00
Term - 36 months
Mileage - 15,000/$0.20 a mile for overage
Money Factor - $0.00180 (this is a promotional rate through AHFC)
Drive Off - $1,440.19 (includes title, reg, doc and GAP insurance)
Cap Reduction - $5,000
Monthly Payment (includes tax) - $593.23

Can you share details of your deal? Does the $4,000 exclude drive-off fees? Mine are $1,440.19.

Can I get any better?

njpathfinder

Im confused - what is your total out of pocket? $5000 down + $1440.19 for a total of 6440.19?

kenacura

if you have any mdx or acura in gerenal questions please feel free to ask i am a acura sales consultant and would be glad to help out

hemorse

I did a 3 year lease on a fully loaded 2008 MDX with all the bells and whistles, and 15k miles a year. What is the likelihood of my being able to trade for a lease on a 2009 when they become available?

Also:

1. Have you heard anything about electric folding mirrors for 2009?
2. Any idea when the next navi dic will be avaiolable for purchase? (I know where, but not when).

Thanks

lookingforcars

dakineguy,
don't have the details of my deal as I have been talking with dealers on email strictly asking total out-of-pocket costs down and total (all fees included) monthly lease amount which is: $4,000 downpayment and $593/month and 15K/36 months.

charles603

I have a lease offer that I need to make a decision on - IS THIS GOOD?

2008 Acura MDX ,w Tech Pkg - NO ENT PKG / NO power tailgate
36 Months / 10,000 miles per year
$525 - First Months Payment
$595 - Bank Fee
$197 - Doc Fee
$7.50 - Tire Fee
$260 - DMV Fee
$940.50 Cap Cost Reduction
$2525 - Out the door Total

$525 per months for 35 Months (Includes NY Taxes 8.375%)

Is this good???? Please let me know ASAP. Thank you.

charles603

have a lease offer that I need to make a decision on - IS THIS GOOD?

2008 Acura MDX ,w Tech Pkg - NO ENT PKG / NO power tailgate
36 Months / 10,000 miles per year
$525 - First Months Payment
$595 - Bank Fee
$197 - Doc Fee
$7.50 - Tire Fee
$260 - DMV Fee
$940.50 Cap Cost Reduction
$2525 - Out the door Total

$525 per months for 35 Months (Includes NY Taxes 8.375%)

Is this good???? Please let me know ASAP. Thank you.

njpathfinder

Charles - No way to tell unless you post the agreed to price, intrest rate and residual. That car has a .20 cents per mile overage charge so if you can afford another 10-12 per month to get 12k it may be worth it depending on your situation

charles603

I am working on getting the breakdown of the interest and residual numbers from the dealer. But am not sure why that information is relevant, I may be missing something here. I have no intention of buying the car after 36 months, so I do not care about the residual. This was the best deal I could find for the MDX, I came to this conclusion by using this process:

"out of pocket" + (Monthly fee x 36 months) = Total Cost

No matter the interest rate and out of pocket, I compared total cost between dealers and found this to be the best total lease cost.

As for mileage, I only use 7-8K per year, this has been consistent for the past 5 years or so, so I am safe on the overage.

Total lease cost is $20,900. I fthe interest rate / Money factor is .0018 or .50 - do I really care? Again, I may be missing something here.

njpathfinder

Come on Charles. You didn't even spend 5 minutes trying to understand how an auto lease works did you? The intrest rate and residual are used with the selling price to calculate a payment. Get the numbers and post them or no one is going to help you. That money down and monthly payment arent some arbitrary number they are the result of a very simple math calculation. Go back through the posts and to see what info you need then make the dealer fill in the blanks. Then run it through the lease caluator. Either that or bring some lubricant with you for the lease signing.

charles603

Car_man
I am looking to lease this week and have totals, but am still awaiting the fee breakdown from the dealer with the lowest lease price. Can you please tell me Acura/Honda's current 36 month lease money factor and residual value for a 2008 Acura MDX with the Tech Package (No PWR Tailgate) with 10,000 miles per year I have "Super Preferred" credit. I have not seen this information posted - apologies if it is in here somewhere. Thanks.

njpathfinder

I worked your numbers because the car man likes to wait until after you make the deal to respond. $525 (includes tax) per month with $2525 total out of pocket with an estimated residual of 57% (10k miles ) and intrest rate .00180 means you are getting the car for around the Edmunds TMV which is under invoice. So even though you used the bizarro world way of negotiating, you are at a very good price as far as this loud mouth is concerned. Still be careful at the closing, ask to see the lease agreement first - before the mountain of other papers to sign. They will resist but if there is a suprise thats where it will be.

charles603

THANK YOU. I appreciate you taking time to do so. I hope this dealer does the right thing with the rest of the paperwork, I will finalize this week and let you know. Thanks for the crash course.

archie040

Hey Charles,
where is thie dealer?
Im trying to get a deal on a base model and the dealer is giving me a lease for 463/36 months with 3400 out of pocket (1st month, ny tax, tags, down payment etc..) 10,000K
but not sure how good of a deal this is

archie040

Has anyone tried on getting a lease deal on the 09 Pilot?
It seems Honda dealers are pricing them high.
As it is now, I got a price for a honda pilot 09 Ex-L (36K vehicle) with 4.5k out of pocket and 450 a month Vs. 3400 out of pocket 460 a month for a base model MDX (40k vehicle)
What do you think is the better deal?

dvdman

I just leased a 2008 Base MDX 36/15,000 and here are the numbers:

MSRP with Destination 40,910
Residual Value at 55% is 22500.50
Invoice of car with Destination and a 250 ad fee 37,478 (yes,they grabbed me for the ad fee)
less 1000.00 lease incentive=36, 478
1407.00 payment at signing which includes first month, title fee 86.00, bank fee 595.00 and doc fee of 199.00

Lease based on .00180 Money factor

Monthly payment of 494.45 plus tax

I'm hoping that with all the fuzzy math the numbers worked out okay. I pick the car up next week.

archie040

it sounds like a decent deal
which dealer and where?

Thanks

cbitman

Does anyone happen to have the money factor for a single pay lease for an MDX with Technology Package and 10k miles per year? I assume it is significantly lower than the standard money factor quoted in prior posts.

Thank you

charles603

Archie - I do not want to hype up the dealer yet...I pick the car up this weekend and will post the info if he does the right thing. I can tell you I shopped 12 dealers and the best in terms of no hassle pricing on the lease were:

Precision Acura in Princeton, NJ
Acura of Ocean in Ocean Township, NJ
Island Acura in Wantagh, NY - ( Long Island)
Acura of Wayne, NJ

That is my personal experience, I do not know who would have pulled something at signing, but all seemed to be giving good honest pricing

jgarretson

Is the current $1000 lease incentive good for any vehicle you lease or does it have to be the $499 Base MDX lease they're running?

I've received a price of $34,500 before fees and want to know if I can subtract another $1000 for the incentive when figuring my lease payments.

ravkingnyc

this is from Auotweek..... it seems it is better to lease THEN buy rather then buy.... I am looking at a MDX and I am on the fence too lease or buy, but this might make me lease:

FROM AUTOWEEK:
"If you thought $4 per gallon was a hit to the wallet, wait until hundreds of thousands of off-lease sport/utility vehicles are returned to dealerships. That's when the whammy of inflated residual values of off-lease sport/utes will hammer the market.

According to Oregon-based CNW Research, with some 800,000 truck-based sport/utility vehicles coming off lease this year, residual values projected three and four years ago will be missed by as much as $6,000 per unit.

Whom will this hurt? Those who lend the money--banks, credit unions, car companies' captive finance arms and others who write leases--will face a tab of nearly $5 billion just in 2008. That number rises to $5.24 billion in '09 and $4.74 billion at the end of the decade.

The only slight potential benefit to consumers is that they can buy their leased vehicles for bargain prices; experts predict that only 20 percent will do so.

You don't need a research firm to tell you that sport/ute residuals have plummeted. Go to Kelly Blue Book and see what a two-year-old V8-powered Chevrolet Suburban or Toyota Land Cruiser will run you.

A 2008 Suburban 2500 with a 6.0-liter V8, four-wheel drive, automatic transmission and leather sells new for $43,235; a two-year-old model with 24,000 miles in excellent condition can be yours for less than $20,000.

A new-generation 2008 Toyota Land Cruiser with a 5.7-liter V8 that gets 13 mpg city and 18 mpg highway runs for $64,785; a two-year-old model similarly equipped goes for between $34,120 and $35,975, depending on its condition

viperz4

I signed purchase agreement and am going to pick up my new car on Saturday. I think I got a decent deal but still think sometimes that if I needed to negotiate harder?! eh...here are my lease details:
2008 Base model - 36 months/36K miles
$960 due at signing ($420 license, $20 license, $525 first month payment) for $525 monthly payment including 5% Iowa tax ($900 rolled in the payment). Good?