Hi smilsom. Honda Finance's January buy rate lease money factor for the 2009 Acura MDX is .00250 for consumers who qualify for its top aka "Super Preferred" credit tier. In addition to this special money factor, Acura is providing $2,000 dealer cash on this model. Its residual values vary by trim level, term, and mileage allowance.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi acurafamily. This truck's lease payment will depend upon how low a selling price you are able to negotiate on it. For now, I will assume a selling price of $500 over dealer invoice minus the available $2,000 dealer cash. According to my calculations, if you were to lease a 2009 Acura MDX with the Tech and Entertainment Packages that has an MSRP of $47,350 and a selling price of $41,590 through Honda Finance right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around an astonishing $799.
You may want to consider leasing for 36 months. Doing so would drop this truck's payment to around $661.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Yes, dima1, Honda Finance's 39 and 42 month residual values are different than its 36 month residual. Honda Finance's current buy rate lease money factor and residual value for a 39 month lease of a base 2009 Acura MDX with 15,000 miles per year are .00250 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi gtreger. Unfortunately, the .00250 money factor that you were quoted is Honda Finance's new buy rate for this model for the month of January. I believe that its residual values dropped this month as well. The only improvement that Acura made to the MDX's program was to raise its lease cash from $1,500 to $2,000.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi sluurrpee. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura MDX with 15,000 miles per year are .00250 and 50%, respectively for consumers who qualify for its "Super Preferred" credit tier. The numbers for an otherwise identical lease of an '09 MDX Tech are .00250 and 48%.
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 Host Prices Paid: Buying & Leasing Experiences Forum
I just received a quote for Base model, is this a great deal?
$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
What are the residual values and money factor for a 2009 MDX with Tech Package on a 39 month lease with 10k miles per year (super preferred credit tier)?
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
I will be returning my current mdx lease mid feb. do I take the $2000 dealer cash with current rates or wait for a better deal in feb. Presidents day sale?
I just got a quote on a 39 month lease, 10k miles per year, $1,990 down 51% residual and a money factor of 0.0032. MSRP=$47350 and he told me he would price the car at $41,400. This all equates out to $650 per month. I am in Dallas, Texas.
I just picked up a 2009 MDX (Standard Edition) for $499.00 for 39 months with 15,000 miles/year with $3,500 down. I think I got a really good deal, if anyone wants the salesmen info let me know and I'll send it over.
Thanks for the offer Pete but right now Acura has a leasing special for the base model for $499/month with about $3000 down. I think the special on the model w/tech package is about $569/mo.
Hi gvitalik1. Let's take a look at the deal that you were offered. The money factor that you were quoted is right in line with Honda Finance's January buy rate for this model. That is a good sign because it means that the dealer isn't trying to make any hidden, back-end profit on your deal by marking your truck's money factor up.
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 Host Prices Paid: Buying & Leasing Experiences Forum
Hi fieldse. Honda Finance's current buy rate lease money factor and residual value for a 39 month lease of a 2009 Acura MDX with the Tech Package and 10,000 miles per year are .00250 and 50%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
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 Host Prices Paid: Buying & Leasing Experiences Forum
Hi egold1. Acura's January lease program for the 2009 MDX is scheduled to run through March 2nd. It is always very difficult to predict exactly what manufacturers will do with their future incentives, but I personally don't think that you have anything to lose by waiting. If anything, Acura's program on the MDX will get better...not worse. Most likely it will be exactly the same next month as it is now though.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hello tan47. Unless your credit is not in good shape, the money factor that you were quoted is too high. Honda Finance's current buy rate lease money factor for the 2009 Acura MDX is only .00250. If you qualify for its top aka "Super Preferred" credit tier and the dealer charges you more than that, they are marking your money factor up to add additional hidden, back-end profit to your deal. Make sure that the dealer uses the lowest possible factor to calculate your payment.
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 Host Prices Paid: Buying & Leasing Experiences Forum
CarMan: Your thoughts on the following lease please: 09 Tech 39-mo / 10K miles Selling price $39,112 Money factor .0025, Fees & 1st payment out of pocket ($1,237) Monthly payment $632
Hi, Car_man, is there any new lease deals starting in February? I'm looking for tech + ent, and would like to pay $500 a month; what would be reasonble down payment for such deal?
Hi theroyalwe. The money factor that you were quoted for this vehicle is right in line with Honda Finance's current buy rate for it. That is a good sign. Let's take a look at the selling price that you are being given.
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 Host Prices Paid: Buying & Leasing Experiences Forum
Congratulations on getting your new MDX, am09. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can share the details of your recent dealer experience as well by hopping on over to the Dealer Ratings & Reviews section of Edmunds.com. Enjoy your new ride :shades: !
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi kyzh. Unfortunately Acura did not make any enhancements to its lease program for the MDX in February. Its program for this model is exactly the same as it was last month.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
That's a lot of money down, for the first option. When I lease, I try not to put anything down for cap cost reduction. There was a recent sale for lease payments of $499 per month with approximately the same money down for 39 months. Not sure if it is still going on in February though.
Anyone have any idea what the residual percentage is for a 09 MDX tech for 12,000 miles on a 39 month lease? Based on what I have read on this forum, I estimate it to be about 49%. Does this sound correct?
I am working with an Acura dealer that is telling me that the current residual of 51% for a 39month, 12K miles/yr lease of an MDX Base will likely fall to 49 or 50% in late March or April. Does this sound right? Also, are there any indicators that suggest that the next MDX lease deal will be any better than the current one that expires on March 2?
I have heard from my Acura dealership that the incentives for Honda and Acura may be changing on Monday for the better. Has anyone else heard this? Also, what impact will the stimulus plan have on buying a new car? I read that new cars purchased under the stimulus plan will have an additional $1,500 tax credit.
I think I will wait until all of this passes prior to signing the paperwork.
I want to lease an 09 MDX with technology package, 10K miles/yr, 39-42 months, and $1500 drive off. I want my payments to be no more than $550/month inc. tax. I live in Los Angeles County and want to know if anyone has an idea if it's reasonable and or possible? And if so, where? I need to lease by the end of this Feb. 09. I have a TL lease that end in the beginning of March 09. I appreciate your help.
Yes it is. Interested in going to the dealer together and see if we can get a deal to buy two together?
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.
just wanted to find out about leasing 2009 MDX tech & ent pkg with 15k Miles for 36 months. Hopefully with no down. what would be a good price and payment? i am in Dallas TX.
Hi ronshi, I am in the mkt for an 09 MDX too. I have a quote for the Acura with Tech Package from Acura West 101 (Calabasas). They are quoting 37,999 as the selling price. That should make the monthly lease payment on a 39 mo lease in the 550 range or thereabouts.
I have just been getting some inconsistent answers from Acura dealers in the Los Angeles area, re Honda Finance :confuse: 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?
Is there a way to post the email directly to you. a dealer quoted in 40K on MDX Tech and 35.5K on Base. i think you can get MDX Tec for 38K. any thoughts. THis is NJ.
Folks, are there any specials going on with financing MDX, i know they had a 2.9% but i heard from one dealer that it is no longer available....any ideas.
Hi carman -i will be coming out 2006 base MDX lease in may/june this year ...i current have a 12,000 mile allowance and a payment of 480 ( i believe i originally put down $1200)...i will have about 30,000 miles on the MDX when it is returned...i am hoping through the Honda loyalty program and curious if they make a consideration on lower miles returned on the car then anticipated...I dont want to move any new money into the lease but would like to be at the same monthly of 480....has anyone out there come close to a deal like that??? or am i dreaming...thanks (i am located in SE PA...dealt with the west chester dealership
Honda won't give you anything for less miles used at the end of the lease. They will on the other hand give you something if you go over. I would say take a nice long trip before you trade or turn it in.
Hi tony. Honda Finance's current buy rate lease money factor and residual value for a 39 month lease of a 2009 Acura MDX Tech with 12,000 miles per year are .00250 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier. As you can see, your estimated residual value was righ on the money.
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 Host Prices Paid: Buying & Leasing Experiences Forum
Hi rktj. It is difficult to say what manufacturers will do with their future incentives programs. Having said that, it's fun to guess . April is the start of a new quarter. Honda Finance will likely publish new residual values then. Generally speaking, vehicles' residual values decline as the model year progresses, particularly in the current environment. I suspect that the MDX's residual values will indeed fall by a point or two in April.
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 Host Prices Paid: Buying & Leasing Experiences Forum
Hi jelly22. I believe that the original proposal to stimulate auto sales, making interest on auto loans tax deductible, was scaled back in the final version of the plan to only allow the deduction of state sales tax, not interest. I personally doubt that this measure will do much, if anything to stimulate auto sales. It certainly wouldn't push me any closer to buying a new vehicle if I was on the fence about whether to do so.
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 Host Prices Paid: Buying & Leasing Experiences Forum
Comments
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
You may want to consider leasing for 36 months. Doing so would drop this truck's payment to around $661.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
$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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum