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2013 and earlier-Acura MDX Lease Questions
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Car_man
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You may want to consider leasing for 36 months. Doing so would drop this truck's payment to around $661.
Car_man
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Car_man
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Car_man
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When negotiating your lease on this truck, make sure to take advantage of the $2,000 cash incentive that is currently available on it.
Car_man
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$41,550 - MSRP
$35,255 - Selling Price
..00250 - Money Factor
$21,606 - Lease End Residual based on 52% of MSRP
$493.03+tax a month for 39 months, $534.94 with tax included
$0 security deposit
10,000 miles a year limit
$1,500 - drive off
tech and entertainment
dealer demo with 4300 miles
dealer installed roof fails, remote starter, and all weather mats
39 months with 10000 miles
all i give them is 1st payment and nys fees
they want 748 per month for this..
thoughts?
In 39 months you will be spending 39*748 = $29172 + first pmt = 29920
Now lets say you BUY a NEW 2009 tech ent for $43K @ 2.9% for 5 years
your payment will be 770.74 per month at the end of 39 months you would have paid 39*770.74 = 30508.86 That is 138.86 above what you would have paid for lease...
[Invoice for MDX Tech ent is ~42.5K, HAFC is running low apr rate of 2.9% for 5 years]
So if you are able to sell your 3 year old MDX for at least 138.86 and can afford 22.74 per month then BUYING makes more sense..
AM I MISSING SOMETHING HERE? Numbers appears OK... Hope I am right
Does anyone know if this is a good deal or not?
Thanks for your help!
The other main profit center for dealers on leases is the selling price. The dealer invoice price of a base 2009 MDX is $37,830. If one subtracts the $2,000 dealer cash that Acura is providing on this model from that, it comes to around $35,830. The selling price that you were quoted is even lower than that, so it is an excellent deal.
If you like the MDX, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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When negotiating your lease on this truck, make sure to take the $2,000 dealer cash that Acura is currently providing on it into account. It will help you to negotiate an attractive capitalized cost.
Car_man
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Car_man
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The selling price that you are being charged for this truck looks good. It appears to be around $300 over dealer invoice minus the available dealer cash.
Just get the whole money factor issue straightened out and you're in business.
Car_man
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09 Tech
39-mo / 10K miles
Selling price $39,112
Money factor .0025,
Fees & 1st payment out of pocket ($1,237)
Monthly payment $632
39-mo / 15K miles
Fees & 1st payment out of pocket ($916)
Monthly payment $583
The dealer invoice price of a 2009 Acura MDX Tech is $41,503. Subtract from that the $2,000 dealer cash that is currently available on this model and it drops to around $39,500. The selling price that you were quoted is below dealer invoice. That is a great deal.
If you like the truck, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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Car_man
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Car_man
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I have a 2006 MDX comming off lease in April and have been getting the full court press to re-lease a new 2009 MDX. Here is the deal:
MSRP: $41,550
Selling Price: $35,545 (incld. $2,000 Acura Cash)
Money Factor: .0025
Miles: 10,000/yr
Term: 36 mo lease
Payment: $520/mo tax incld with $3,400 out of pocket
$580/mo tax incld with $1,500 out of pocket
What do you think? It seems a little high compared to some posts on this site. The tax rate is 8% in suburban Chicago.
Thanks.............
I think I will wait until all of this passes prior to signing the paperwork.
Can you please post the current MF (i think its .0025) and residual for a 3yr (or 39 month, 12k miles MDX with tech and entertainment?
My first dealer quoted me 41.1k sales price which i think i can do better (in tri-state area). Want to lease one next week.
Also, does Acura (or can the dealer) offer a discount for a pay once option? I am happy to pay the full term up front for good savings.
Thanks
awaiting on tech + ent.
I have been waiting for them to come back with a price on tech + ent with running boards. Not the best at getting back to me even though i have called. I was going to lease but Acura lease deals are terrible. You wind up paying 65% of the car so I am switching to buy. If you pass an email I can forward the email I have with the detals on the pricing.
a) No 36 month lease- nly a 39 month term available
b) Residual for a Tech package for 12,000 miles / 39 month has been anywhere from 48% to 52%. And for the base anywhere from 49% to 53%. What are the real numbers?
c) The money factor has been consistently 0.00250
Car_man, could you please help with the actual numbers for 36 (or 39) months, 12k miles/yr for Tech and Base?
Thanks a ton.
Bigblue
When negotiating your lease on this truck, make sure to take advantage of the $2,000 dealer cash incentive that Acura is currently providing on it.
Car_man
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As far as March goes, I personally expect Acura's lease program on this truck to be at least the same as its current program, if not better. Word on the street is that February is shaping up to be as bad, or possibly even worse than January was for light vehicle sales in the U.S. If that is the case, I don't see how Acura could reduce its support on this model and it might even increase it. Of course, as I always say, it is difficult to predict exactly what automakers do with their future incentives.
Car_man
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According to the latest information that I have seen, Acura has not made any enhancements to its lease program on the 2009 MDX in February.
Car_man
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