2013 and earlier-Acura MDX Lease Questions

CarMan@Edmunds

Hi nother1inline. I personally would pass on the damage protection if I was offered it. Honda Finance already waives something like the first $1,500 in damage that vehicles experience during leases. Unless you completely trash your vehicles, you probably are better off rolling the dice and not purchasing the additional coverage.

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40yearfan

I got this off of the main Acura web-site. It's the explanation of the lease on the MDX that they have available right now:

FEATURED SPECIAL LEASE: Closed-end lease for 2009 MDX with Automatic Transmission (Model YD2829JNW) for $469.00 per month for 36 months with a $2,235.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $3,299.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee and capitalized cost reduction with no security deposit; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.

Subject to limited availability. From 9/9/2009 through 11/2/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 MDX with Automatic Transmission vehicles (Model YD2829JNW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $41,800.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $34,922.06. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $16,884.00. Option to purchase at lease end $21,318.00. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details.

It looks to me like they are saying the dealer might pay the capitalized cost reduction of $2,235. Does anyone else read it that way?

gforce11

That's just another way of saying "Either you don't negotiate and just pay it what it's advertised, or you negotiate with the dealer and try to get them to discount you that amount off the sale price."

indecision

yes, but what does "suggested dealer contribution" refer to? Does Acura suggest a dealer contribution based on the marketing support available?

mule714

This is what I was quoted last night...

2009 MDX Tech
.00162 MF
47% residual for 12k/yr
45% residual for 15k/yr

boxersix

I bought a base pearl white MDX on Sept 8th, the last day of the previous lease special. At that time there was $2000 manufacturer to dealer cash, MF of .00196 and residual of 51% for 10k mi/yr. My purchase price was $36,500. This is $1562 below invoice and this deal includes free oil changes, car washes and loaners. I paid acquisition fee ($595), first month payment, dealer processing fee ($100) and registration outside of the lease.

The deal improved on the 9th. From my calculations the MF is now 0.00162 and the rest of the factors are the same. Since the dealer didn't submit my paperwork until the 9th, my contract was rewritten for this new interest rate and my payment decreased about $20/month.

chin2

sounds like you got a great deal.....I am thinking of leasing 2009 MDX Base model within next few weeks.....

would you mind in sharing your monthly payment (including tax) ? and, how much you paid (total) at the time of signing.

thanks.

hooops

Hi Car_man,

Looks like a MDX Base lease might be around the same as a Pilot EX-L. Can you let me know what the interest rate and money factor are on a 36 month / 15 k miles/year lease. Is the cash incentive $2000 or $2250?

Thanks

newcarlease

For a 2009 Acura MDX w/tech I've been quoted $610 per month w/ $3300 due at signing (incl, tx, bk fee, etc). 3yr 10k per yr. Does this sound like a good deal?

boxersix

The purchase price or "capitalized cost" is used to determine the lease payment based on term, money factor (interest rate) and residual percentage of MSRP. My purchase price was $36,500 which gives you a payment of $515 ($422 principal, $94 interest) plus 10% tax for a total payment of $566.93.

Make sure you know how to calculate a lease payment based purchase price and whatever you intend to roll in. The dealers will take advantage of you otherwise. My recommendation is to negotiate purchase price first, financing second. Price is independent of financing no matter what those knuckle heads tell you.

nother1inline

If the $610 includes taxes then it's a great deal - got for it

CarMan@Edmunds

Hey hooops. 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 .00162 and 48%, respectively.

Acura is currently providing $2,000 dealer cash on this truck that may be combined with the above special lease program.

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40yearfan

From Acura's web-site regarding lease of MDX:

FEATURED SPECIAL LEASE: Closed-end lease for 2009 MDX with Automatic Transmission (Model YD2829JNW) for $469.00 per month for 36 months with a $2,235.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $3,299.00 total due at lease signing (includes first month's payment, AHFC upfront acquisition fee and capitalized cost reduction with no security deposit; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.

Subject to limited availability. From 9/9/2009 through 11/2/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 MDX with Automatic Transmission vehicles (Model YD2829JNW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $41,800.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $34,922.06. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $16,884.00. Option to purchase at lease end $21,318.00. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details.

indecision

did this deal include the 2000 marketing support? I have been to 2 dealers and they are saying the current deal includes the marketing support which is why the purchase price( capitalized cost) is so low. Im confused about your OTD payment. Was it first month, doc fee, and registration only? Nothing else? So was your deal better than the advertised deal?

tmasjr

Do you have figures for 36 @ 10k/year? Any better at 24 or 39?

CarMan@Edmunds

I do have the information that you're looking for, tmasjr. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura MDX with 10,000 miles per year are .00162 and 51%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

Acura is not currently providing support on 39 month leases of this truck, so that's out. Its 24 month money factor is exactly the same as its 36 month factor, but typically shorter leases are much more expensive than longer ones because one has fewer monthly payments to spread the large initial depreciation hit that vehicles experience out over.

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10sfan

Does the selling Acura dealership still receive a $500.00 lease return fee when they handle the return at the termination time for AHF/AFC?

maplefl

Hi, Carman.

I'm interested in leasing a new MDX base (without tech) and would like to know the following for October:

1. Residual Value and Money Factor for a 36 month lease with 12,000 mi per year.
2. Applicable incentives, e.g., is the $2000 dealer cash still available for lease deals?

Thanks!

CarMan@Edmunds

Hi maplefl. Here's the information that you're looking for. Honda Finance's October buy rate lease money factor and residual value for a 36 month lease of a base 2009 MDX with 12,000 miles per year are .00162 and 50%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

The $2,000 dealer cash that you mentioned is still available and it is compatible with the above lease program.

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mel10021

Hi Car_man

I want see if I understand the below offer correctly regarding incentives - what Acura is kicking in and what the dealer can. It sounds like the $2k cash that the dealer has could be used towards the total due at signing ? So it says $3299 dues at signing. Should I assume that if the dealer contrbution is $2k, then due at signing from me would be $ 1,299. Im basicly wanting to know what to expect if I lease a base model for 36 mos and 10k/year

Thanks !

------

Leasing
Start: 09/09/2009 End: 11/02/2009 $469 Monthly Payment
36 Month Term
$2235 Down Payment
$0 Security Deposit
10000 Annual Mileage
Restrictions Lease is based on the 2009 MDX V6 with Automatic Transmission (model YD2829JNW) and MSRP $41,800. $2,000 Lease Cash required for the $499 lease special. Final negotiated price may vary. Please see your dealer for details.
Comments $3299 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.


Manufacturer to Dealer


Marketing Support
$2000 Cash to Dealer start: 09/09/2009 end: 11/02/2009
Restrictions $2000 Dealer Cash is combinable with Special AHFC APR financing or Lease/Purchase plan. See dealer for details.
Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.

10sfan

Good Luck getting the Dealer to apply the $2,000.marketing cash support. I could not find one in five to offer it on the MDX, TL or the RL. Even with the -35% in sales through September, there is a shortage of inventory on almost all their models and the program ends 11/2/09.

I discussed this with AHFC, who quickly advised me they are only a third party lender to the dealer and have no control over what the dealers do or do not...

apa1128

Carman -

Does Acura support a MF buy down thru additional security deposits like BMW?

Thanks.

muscarlive

Hmm that is strange my dealer didnt blink an eye about applying the 2000 to my deal that 's even with me getting an employee discount for being a Honda supplier I'm picking up an 09 MDX Tech on Monday they even held mine for two weeks so I would be closer to my lease end on my Hummer I guess all dealers are different

mdx8

need help
currently working on 09 mdx sport black/black lease. here's the deal: msrp $ 47,700 sales price $41900 +ttld etc. mf = .00162 residual = 46%.
is this a good deal? a fast response is appreciated as i am to pick up the car soon!! :confuse:

jayrider

It is what it is -- $621 plus fees and taxes per month. No lease support of course so not very good like all current leases. Good luck.

mel10021

Jayrider : Is your calculation on the above for a 36 or 29 mos ?

gadlevin

Hey,
It's the end of the term for me.
It looks like i can buy it for about 28K but the local prices in my area (california SF bay area) is around 33K.
Should I buy it and then sell it quickly to make a few thousands? anybody with experience?
Gad.

jayrider

36 months

jayrider

If you buy it to sell you will pay sales tax --- brutal in ca. If you buy to keep then would seem ok. You could shop it to dealers to see if there is any trade-in equity on a new buy or lease. Don't tell what your payoff is or buyout. You could also sell it before the lease is up -- payoff the the car and keep the difference. No sales tax there. Don't know if the market is hot for the mdx but if it is then you might try. How many miles on it? Makes a big difference.

mel10021

I get $658 - maybe I'm doing the math wrong ?

jayrider

I'm no cpa so you may be right or I may be right or neither may be right.

msrp x residual = rv
cap cost - rv divided by 36 = A

cap cost + rv x money factor = B

A+B = monthly lease. No fees or taxes included.

Let me know if I'm missing something.

gadlevin

Thanks jayrider. This helps a lot.
Since it's the first time i have a leased car-how can i sell it before? people will like to see a title right?

jayrider

Call the folks that hold your lease and say you have a buyer for the car. Ask how to proceed. It is probably just like selling a car you haven't paid off. The bank has the title in that case as well. You will turn the payment in and receive the difference.

wallement

Your math is correct. It is $658/month. Jayriders formula is correct but must of been added up wrong.

jayrider

Just did it again.

47900 X 46% = 21942

41900 + 21942 = 63842 X .00162 = 103

41900 - 21942 = 19938/36 = 656 close enough.

Really like the base mdx. Have you considered using any brokers to get a better deal? There is one that has a no obligation quote -- delivered to your door. They do a national search for the car -- find a dealer that will sell low and buy --ship to you. Great BBB rating. Will check them out in 2 years. If you don't like the deal you say no. Might be better if you were flexible on car --Lexus rx 350- ml350-audi q7 etc. No connection so no fee for me --they don't even know my name. Believe lease is through US Bank.

mdlcar

Hi CarMan:
What happens to the residual if you upgrade the trim level to the tech and entertainment package?

Thanks

infoseeker8

I just leased a new MDX Base without technology for 3 years with 12,000 mi per year. This forum and the Prices Paid forum were extremely helpful. Here's the final deal I negotiated:

1. Sale Price $35,500, Total Cap Cost $36,095 (includes AHFC $595 Bank Fee)
2. MF = .00162, Residual = 50%
3. Total out of pocket at lease inception = $750 (including 1st month lease payment and registration fees) and nothing else
4. Monthly payment of $514 before taxes

digital_b

I am in the market very shortly. could you give me the name of this broker?

thanks in advance.

ashwen

Just signed a lease for Base MDX 15k/year for 36months for $580 a month. Did not put any money down. This is in Houston TX.

.00162 MF just like CAR_MAN had posted
48% residual value
1.2% sales tax on the entire purchase price of ~$36,300.00 - this is an Acura special for this month in Texas - apparently Acura has built up some tax credits with the state of texas and is passing them on to buyers for the month of October. Otherwise I would have ended up paying 6.25% on the total purchase price - a saving of more than $1500.

I am not sure if the tax credit will be available in November. IF anyone is looking to lease an Acura in Texas, I strongly suggest you close the deal by monday to take advantage of this tax credit.

mensah007

I negotiated a purcase price of $39,911 for a 2009 Acura MDX w/ tech & ent. Based on that purchase price what should be my aproximate monthly payment with $0 down and $3,000 down? Thanks a mill!

sleepy1906

Hey Mensah007, where did you get $39,911 qoute for tech/ent? I am in the market for a the same car, but the best price I am getting in NY/NJ is $41,689. I am in the market to buy it asap and I am willing to travel.

As per your question on $39,911 purchase price you should expect to pay about $562.00 per month if you put $0 down and pay just first months payment and TTL.

If you put $3,000 down your payments drop to $471.00 per month. I got these numbers using a lease calculator (I suck at math so I relie on a calculator - yes, even simple math).

Hope this helps. Please let me know ASAP what dealer and sales person gave you that price qoute.

sleepy1906

Mensah, I am sorry I sent you wrong info b/4 I miscalculated the price you would pay a month, I used the wrong money factor. The current money factor is .00162

Under the same assumptions your payments would be $662.80 with $0 down, just 1st month payment and TTL.

And if you put down $3,000 your payments would be $567.00 per month.

Please get back to me on where you got your MDX Tech/Ent price qoute.

Thank you.

mgoldstein

I just completed the following lease in PA:

2009 Acura MDX Base
including wheel locks and cargo cover

MSRP $41,800 (excluding the dealer installed accessories)
Sales Price $35,195.70

36 months
10k miles/year
.00162 money factor (about 3.9%)
51% residual factor (EOL value: $21,318.00)

Cash Capital Cost Reduction: $2,500
Total Capitalized Cost: $32,695.70 (sales price less cash cap cost reduction)

Monthly Payment: $403.55 EXCLUDING SALES TAX

Cash Due at Delivery:

First Month Payment: $403.55
Tags, Title, Docs, etc. $225.65
Cash Cap Reduction: $2,500.00
AHFC Acquisition Fee: $595.00
Other (pesky, non-negotiable, dealer fee): $199.00
TOTAL DRIVE OFF: $3,923.20

For comparison purposes, since the taxes vary greatly, the above excludes all sales taxes.

samny1

Anyone having any luck leasing a base model in the NY area. I got a quote for 587 a month with 1500 down, I of course walked away. This of course was during Acura's recent incentive so I of course was told what a good deal I was getting.

samny1

Would you be able to tell me where in PA you got this lease. I was quoted 587 with 1500 down for the same car in NY. I would be willing to drive to get this kind of offer. The sales price they quoted me was in the 38K range.

ashwen

CAR_MAN,
Could you post the new lease rates for November for MDX base for a 36 month lease and 15K miles allowance? I signed the papers on Saturday but the car is not at the dealership yet so I want to see if the rates are better for November, may be I can convince the dealership to re-do the deal with November rates.

Also, are there any additional incentives besides the $2k for november?

Thanks.

CarMan@Edmunds

Hi mel10021. While I don't know that this is definitely the case because the advertised payment that you posted leaves out this truck's MSRP and capitalized cost, I believe that Acura's advertised payment for the MDX already takes the $2,000 dealer cash that is available on it into account.

If that is indeed the case, then you would not be able to subtract that cash from the amount that the ad requires at signing.

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CarMan@Edmunds

Hi apa1128. I don't believe that Acura offers a multiple security deposit program, but I haven't really asked any dealers about it recently so it wouldn't hurt to check with one to be certain that that's indeed the case.

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CarMan@Edmunds

Hi mdlcar. Acura just introduced a new lease program on this truck a couple of days ago. Its November buy rate lease money factor and residual value for a 36 month lease of a 2009 MDX with the Tech and Entertainment packages and 12,000 miles per year are .00162 and 47%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

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CarMan@Edmunds

Congratulations on getting your new MDX, infoseeker8. I'm glad that you found this discussion so helpful. Thanks for taking the time to give back and share the details of your deal with everyone.

If you haven't already and you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone as well.

Enjoy your new ride :shades: !

Car_man
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