2013 and earlier-Acura MDX Lease Questions

CarMan@Edmunds

Hey dvdman. Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Acura MDX with 15,000 miles per year are indeed .00180 and 55%, respectively for consumers who qualify for its "Super Preferred" credit tier.

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CarMan@Edmunds

Thanks for giving back by taking the time to share the details of your lease with everyone, happycamper7. Real world examples like this are always helpful for consumers who are in the market for similar vehicles. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride :shades: .

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CarMan@Edmunds

Hi jgarretson. The $1,000 cash incentive is available on all deals through Honda Finance, not just the advertised special. Definitely make sure to take it into account when negotiating your deal.

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dvdman

My monthly was 519. including 5% MA tax from the deal I did the other day except I had 1400.00 due at signing for fees- also, I had 15,000 miles included. Did they take off the 1000.00 incentive this month?

Bank fee: 595.00
First month: 519
Doc fee: 199.00
Title: 86.00

digital_b

so how does one qualify for this super preferred rate?

CarMan@Edmunds

I believe that Honda Finance requires consumers to have a credit score of 730 or higher to qualify for the "Super Preferred" credit tier. It has other tiers with higher money factors for consumers with lower credit scores.

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08mdx

I just leased an 08 base mdx for 482 per month 12000 mi 0down jst 695 bank fee for36 months. Plus tax

digital_b

thanks for the info. I just recently checked my credit scores on a couple of the free sites, quizzle and credit karma and they reported 711 and 772 so by the time my current lease is up this vehicle will be even more appealing.

archie040

Hey Charles,
That seems like a fair deal
I just did my lease as well of a base 08 MDX (added running boards as my two little ones needed to get into the car better)
10k/ 36 moths plates and first month down (total of 780 up front)
540 a month with taxes
Not as good deal as yours but thats the best I got around here

ravkingnyc

i just signed for a 2008 MDX WITH TECH for $495.00 nothing down but fees:

doc- 595
3 yr registration, nj gas tax, and nj tire tax (nj is the ing of taxing)- $495
doc fee- $199.99

taxes came to $1395.87 which i decided to pay upfront rather then in payment....

also added power tailgate, running boards, and rook rack......so the final monthly came to $518.00

seems to be a good deal considering everyone here seemed to pay approx. the same for ONLY a base model....

what ya'll think?

njpathfinder

ravkingnyc - dont hurt yourself patting yourself on the back. thats pretty much the same deal everyone else in here has gotten this month on the tech. the difference is that the others were smart enough to put thes extra money down as cap cost reduction intead of being a moron and paying it all to John Corzlime up front. Take a deep breath and ask yourself how much you would have saved in intrest and tax if you put it as cap cost. BTW- your welcome for all of us who did the hard work of giving you a starting point to negotiate.

oiakou

This sounds like a decent deal, ravkingnyc. To get a better understanding, what's the MSRP, the purchase price of the car, and miles allowance? If you can also post the residual and the money factor for the lease, it would be great.

Contrary to some other comments, you did the right thing by not having a cap cost reduction. If you total the car, you'll never see your cap cost reduction money back. For the same reason, however, it's better to roll taxes into the payment instead of paying them upfront.

njpathfinder

You total the car you dont see the upfront tax money again either. The downside is the same. The difference is if the 1400 was put as cap cost you would have a lower payment because your paying taes and interest on a lower number. That is math 101 bro.

ravkingnyc

That's I thought.....the total miles is 12,000, I don't have the paperwork in front of me right now, but I believe the sticker was 45797.00 ('cause i added running boards, roof rack, and power tail), and the lease was based on 39,400 ish, the residual is approx. $24,000, and the money factor was .0018--- I don't have the paperwork with me so these numbers are raw...........

I actually did not use this forum for any negiogation ideas so I wioll not thank anyone like njpatherfinder for their brillance in car deals....i just called 3 dealers, asked for price, and then let the wolves eat their own....the final dealer gave me the $495.00 with Tech and I added the boards, rails, and power tailgate.....he actually sold me the boards and rails at their 36 month residual cost of $200, not dealer cost of $495, or retail cost of $795......

I guess they are trying to give these things away ....they had a parking lot full of MDX's and a trailer full that was not even unloaded....

Open Road in Wayne & Park Ave Acura couldn't believe the deal

good luck to those getting MDX's ....hope you can use this deal to lower your dealer cost

ravkingnyc

i would have saved $120.00.....that sure is life changing savings....but that got washed away because they gave me 4 free oil changes because i signed on saturday...thanks for the lesson in Math 101 bro....don't get hurt trying to pat yourself on your back because you can do simple math

njpathfinder

Didnt use the forum huh Ravqueen? You posted on the 17th 4 days before you signed the deal. I guess you came here posted and left without looking at all the deals. You are full of $h#T. The $120 is not life altering but it was fun to put it up in your grill since you wanted to be annoited or something. Truth is without the forum you would have been bent over so far your turban would have fell off...

ravkingnyc

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

raymondw7

ravqueen, what dealership and dealer? anyone else get a good deal in NJ care to share the dealership?

cbitman

This is way better than what I'm being quoted in NYC - what dealershiip?

njpathfinder

The reason you guys aren't seeing that price is becasue Ravqueen is misleading you with fuzzy math and leaving out key details. She's got at least 3 g's out of pocket, not "just fees".

cbitman

I know the $1,000 lease cash is available until 7/7/08 - does anyone know if the residuals will stay the same until then, or will they drop as of 7/1/08? If they are going to drop as of 7/1, it would make sense to do a deal by 6/30 - if not, I'd like to do the deal in early July.

Thank you

njpathfinder

When the residual and MF change its on the first of the month. They also might yank that dealer cash, you never know. Personally, I would play it safe and do it in June. I would bet these are the best numbers the working man has ever gotten on an MDX. Just my opinion though.

jbnj

Hi, this is a very helpful forum. I am familiar with leasing but am considering buying the MDX. Does anyone know if the $595 acquisition fee apply to financing as well? Many thanks.

cbitman

This is a debate worth watching on any channel!

Decided to do a lease as of 6/30 - signed an offer (with deposit) to do a single pay lease on a base with sport running boards 36/10,000 - including nyc taxes and all fees (nothing else ever on the lease - unless excessive wear and tear) = $17,127 (works out to the equivalent of about $475 per month inclusive of everything).

Shoukd I be happy with this deal?

rdxer

Let's not forget too that an 09 will have a 2-3% ($900-$1300 est) price increase which is more than a 1% decrease ($459) in the residual value of an 08. Hope that makes sense.

ravkingnyc

I got a quote last week on a MDX with TECH for $495.00 a month 12,000 miles.....the breakdown was as followed:

$595- motor vechilces (which I later found out included a $500.00 down from a sneaky salesman)
$499.99 registration and a bunch of b.s new jersey taxes
$199.99 doc fee

$1300 tax

I was told nothing down...but it turns out it was $500.00 down due to 'fancy' terminology (so it would be $508 if I actually put nothing down)

THEN i added powertail,runningboards & roof rails.....just because there is a pretty good chance we may buy this at the end

SO it came to $530.00 a month

I think it is a fair deal for a MDX with Tech, powertail, boards, and rails........

I got it at Acura of Ramsey......spoke to Tommy....seemed to be a good guy dispite the sly move of calling a $500.00 down part of the motor vechile fee

black MDX with toupe interior (awesome color combo)......wife picked out the colors because it will be her car........we has two toddlers so my life will be based around car cleaning products!

Funny thing is I went in looking for an Edge, but since they were leasing at $450-498 for all the bells and whistles, I though this was a no brainer

the lot was FULL of MDX's you could probally score a better deal this week, but all in all I thought it was a pretty good deal :confuse:

njpathfinder

Rav - Glad to see you came back down to earth brother. Your deal is still confusing though. So it is $530 per month, with how much out of pocket? I count $1300 in fees, $1300 in taxes and $530 in first payment for a total $3130 out of pocket with out the three options you added. Is that right? Lets forget about if's and but's ...if you want to help lets here the monthly payment and total out of pocket for your deal you actually signed. My decoding skills say the actual is $530 with about $4000 out for a tech with 12k per.

The power tailgate is confusing too. I think that is standard on all the vehicles that came out after a certain date. I specifically asked for no PTG becasue I thought it would up the MSRP but it didnt. Wonder if these bloodsuckers have found a way to cheat people on that.

jbnj

This is an initial offer so there maybe room for further negotiation:
selling price $40,695 (incl dest.)
36 mos/10k
monthly payment $595 incl tax
$595 Acquisition
$299 doc (i've see $197 from another dealer)
$250 MV
$7.5 tire tax (NJ)
residue 54%, m.f. .0018 though my own calculation gave a slightly lower payment.

Sales guy seems unwilling to throw in free oil changes, which were offered by a few other dealerships.

How does this look? Looking to make a deal this weekend. Would appreciate any feedback.

Also wondering how much extra is reasonable for roof rails, side step, side molding, or front and rear garnish?

Thanks.

ravkingnyc

yup that is rght now they only come with powertailgate....they had a few with no powertails on the lot....a white and a silver was left over and that is what we originally priced.....but i only put down those fees and taxes....nothing else down...if i put something down i would mention it......i would not have leased if i had to but a chunk of change down.....it would not have made sense to me.......you can email the guy and the first offer he'll give is $505 with tech no powertail (if he didn't get rid of the ones on the lot)..... i really think that they have a ton on overstock and are looking to give them literaly away.....what they loose on these trucks they'll probally make up on the new TSX, or the new rumored TL

the truck s great, but i wish acura didn't cheap out on the sterringd wheel and stick shift....they should be wood standered like lexus and mercadise.....XM is also def. not as good as Sirius

if anyone has any cleaning technics for toupe interior with 2 toddlers please let me know....i can not beleive i got talked into that color combo!

what part of NJ are you from anyway

digital_b

I went down to a dealer in CT, Morande acura just to eliminate the rdx from contention. I currently drive an 06 lexus IS 350 loaded and have a lease that ends in 2/10. I told the business manager who was the guy who gave me the test drive exactly what time it is: I am not here to buy I just want to test the rdx. told him that it just didn't make sense that the rdx and mdx get similar mileage and he agreed. the rdx had the tech pkg and its excellent, however the rest of the vehicle is mediocre at best. what a terrible 'leather' steering wheel and as advertised choppy ride. the BM didn't disagree with any of my assessments either. anyway when we get back I tell him that the rdx is out and I really am sold on the mdx. he asks for my cell and I give it to him. he calls the next day to find out what the payoff is on my IS and how much I put down on the lease to get it since 'honda is giving away money now and I may be able to get you out of your lease. um ok I say and give the figures. today he calls back and says he can get me a sport/tailgate for 47k AND 2k down with a payment on 3/36 of .... 785 dollars. I was driving and on my BT phone and laughing to myself before I finally told him that I was fine riding out my lease and getting what I want then. cant believe he would try to sell at msrp and try to bag me for profits on both ends PLUS a sick monthly payment. I DO wish there was a reasonable way to get into an mdx for about 550 or so a month.

njpathfinder

Rav - you are more evasive than a liberal democrap....how much was the freaking check you wrote and how much is the check you need to write for the next 35 months? All these hypotheticals are killing us. No one is goign to tar and feather you just gimmie the damn numbers dude! On another note, Taupe with 2 kids that alone killed the deal...LOL. I got black interrior for the kids but bought seat covers that go under the car seats to keep them clean and free from rips. so far so good.

bosox6

Question for the person with the two toddlers that dealt with Tommy from Ramsey Accura. I was quoted $1500 out of pocket with 35 monthly lease paymentsof $528 from a different salesman.This was for a basic MDX. No tech package, running boards or roof rails. I called back & told the salesman about your deal with Tommy. He then called me back & said that Tommy said you paid $3,000 out of pocket.
Can you please tell me what you paid out of pocket.I would love to get the tech package but was told that it would take me way over $600 per month. My wife is also insisting that I also get her a DVD player which will bump things up even more.
Thank you for your help.

njpathfinder

I really dont want to help a Redsox fan, this sucks. Listen, Rav's credibility is in serious question dont believe him - he's got 3-4k out. That deal you posted is high too. Should be around $500 with $1500 out of pocket. I got the car you want, look at post #1100. Read through there are a few tech-ent that did the same or little better. Get your best deal, then lock the doors and go down to rt 22 Springfield or even Bridgewater. They will beat the deal but you have to have some b@lls or they will tear you apart. Dont tell them anything and dont let them run your credit. they will try and do you dry but if you have numbers in pocket you will be able to endure the heat. You will regret getting the base, if you can swing it listen to your old lady hopefully she is a Yankee fan.

hemorse

This Red Sox fan got a 2008 MDX with Technology and Entertainment and 15,000 a year, zero down, just first months payment, 36 months for $675 + tax

carinatl

I am looking at purchasing a new MDX this weekend. The deal I worked so far is below. Can somebody pleas advise on how it looks?

2008 Base MDX with Sport Running Boards and Roof Rack
Selling Price: $36,304
+ Doc Fee $598
+Acquisition Fee $595
= Total Selling Price $37,557.00

Residual 57%
MSRP $40,955
Residual amount $23,344.35
Term 36mo 12k miles
Money Factor .00180
Base Monthly Payment $503.21 (+$30.19 tax)
Due at Signing $579.82 (first payment + registration)

After working the deal above, I spoke to the dealership this morning and they agreed to get the payments to 525.00/mo but I haven't seen the worksheet yet. Is this good? If I decide to add the tech package, how much more should it add to the payments?

srrn74

This was their initial offer to me. I told them I would be back tomorrow.

08 MDX Tech and Rear DVD package. It also has all-season mats and a few other things I am forgetting.

Initial Offer received today: $682/mo which includes taxes - no money down at signing

MSRP 46,210
Invoice 42,397
Offered 39,884 (1800 off for 3K miles on it plus additional rebates)
Acq Fee $715
Doc Fee $197
Taxes 6% (claiming $2441.65 - seems slightly elevated)
Govn't Fees $281 (not sure what they are yet)

Residual Value 53%
Lease Factor .0018
36 months, 12K miles a year

Does this seem right? I feel like the monthly rate is much higher then others here on this board and this is below invoice which is why I initially looked at the car. Any advice before I go back tomorrow?

enthusiastdre

Hello all,
Been following the forum for a while, finally decided to sign up and post.

Does anyone know the residual values for the MDX with TECH for July? I suppose the values are different depending on the Trim Level you select.

cbitman

Did a similar deal in NYC at the end of last month - base with sport running boards (no roof rails - I did a one pay lease, so I can't speak to the monthly payment issue - however, the purchase price used in calculating the lease was $36,700 including the destination. You might try pushing them on the purchase price a bit. Adding the tech package will increase your payments a bunch as the residual on the tech is actually lower than on the base. Hope this helps.

kp22

I am interested in possibly leasing an MDX this month. Does anyone have the various lease factors for July (money factor, residual, etc.)? Any assistance would be greatly appreciated!
Thanks!

enthusiastdre

I noticed that Acura pulled its MDX lease special from its website. Does that mean the lease promotions are over? Does anyone think that Acura will start them again anytime soon? (preferably July)

srrn74

The lease specials were only until 7/7/08. Our salesperson called us yesterday to sign last night before the special was over. I am sure something else will start soon.

grouper3

Finalized this week - Was wondering if anyone had any thoughts on how I did

2008 Base MDX w/All Weather Mats
10K Miles/36 Months
Out of Pocket - $1900 - Including Fees and First Month
Monthly Payment - $461 + Tax $28

dyx121

Where did you get this kind of deal?

boozik

I’m planning on leasing an MDX with the tech package. 10000 miles, zero down including all taxes and fees. Can any one tell me what would a good deal be? I’m thinking around 550 a month for 36 months

zkaudio

any new incentives in July? I really would like to get this car asap but it seems the deals are crap compared to June.

dadam

My wife wants to lease an MDX. What is a "good" deal on one? I am in Minnesota. I can't get better than $580 a month with $3100 out of pocket 12,000 miles a year. This seems high? We have outstanding credit does this help? We are leasing a Toyota Sienna and that lease is done at the end of July so we are in somewhat of a HURRY. Any suggestions with this would be greatly appreciated thanks!

jmcdermott1

Car man,

Went shopping for a MDX yesterday in MKE and the dealer said the residual for 36 mon 15K miles is 51% and the money factor is .00245(seems high). Is this reasonable? I have seen comments on this site that people are getting invoice deals plus rebates to get the cost down to $38,000.

Thanks

enthusiastdre

The website offer has actually gotten better! 499 for the base MDX with 2000 total drive off.

What does this mean in terms of what the residual and money factor? It seems that they may have improved the .00245 money factor significantly now.

njdealneeder

I'd appreciate a posting that sets out the residuals and money factors, as well, because those numbers seem really ugly.

The June numbers for Tech were, I believe, 53% for 15k miles, with a MF of .0018. Rebates were 1k for lease, 2k for purchase (with some limitations on when you could/couldn't use the rebate re: Acura financing). Acura has bumped up its rebates by $500 in July but I still haven't seen any post that sets out the July residual and money factors. If your numbers are anywhere near the Acura lease offers, they've basically killed the lease market for the car this month, and I can't believe that's correct.

As for purchase, it definitely sounds like the consensus is that sales can be had at or below invoice (before taking into account rebates).

grouper3

This was in Florida.