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2013 and earlier-Acura MDX Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi otoflyer. Acura's March lease program is scheduled to continue unchanged through April 30th.

    Car_man
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  • newbeehelpnewbeehelp Posts: 3
    You guys sure seem to know a lot and I am utterly new to this. Have a 2010 lease for Acura Tech/Entertainment expiring in August. Want to convert to 2013 just MDX Tech at 12,000 mi. Offered $614.07 $0 down and inclusive of tax, fees etc. - told rate factor .00052, residual value $24,882 and does include current $2,500 dealer incentive and "super preferred tier"
    (this would be our 4th MDX). Seems higher than other tech prices I see listed, but they don't all specify mileage or if include taxes etc. (eg: 15,000mi $0 down for $609 but don't know if included taxes, post saying tech at $500 over invoice with $0 down should be pre-tax $486??) Definitely higher than $500 lease national deal on base model with $0 down but assume that is 10,000 and does exclude taxes. Bottom line - IS THIS AN OK DEAL? Could you please share a bit of your vast knowledge this way? THANKS!!
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  • newbeehelpnewbeehelp Posts: 3
    Hi. Me again trying to sort this out. Local Dealer says invoice on MDx Tech is $44,650 with mandatory destination charge, and willing to pass some but not all of $2500 dealer incentive for selling price of about $42,800. Same rate factor (but .00052 not 62 as in other posts? and 52% residual value of $24,882). Dealer Invoice of $44,650 seems close to Edmunds report of $43,455 + $895 destination ($44,350). Yet I see several posts saying people are being offered $40,000-$41,000 as current selling price of MDX Tech (with same MSRP as local dealer telling me, $47,800ish) as basis for lease now. Don't know enough about this to understand how under invoice if that is correct? Because being discounted to move them for 2014s (note prices described as dropping)? Could you please help me get a handle on this? Thanks!!
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  • shamiv30shamiv30 Posts: 6
    Your lease is expiring in August. So what about the remaining payment of 2010 mdx. are u leasing 2013 mdx by returning 2010 mdx this month only or that's a separate deal? If u r exchanging 2010 with 2013 mdx then that's a good deal as U have still 3 months payment left on your 2010 mdx. And if it is a separate deal then definitely 614 is little bit high.
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  • shamiv30shamiv30 Posts: 6
    Yes that's true so many dealers are offering a price of 40-41000 for mdx tech including destination charges.In which city, state u r buying this vehichle?.if u want i can share some dealers quotes with you.
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  • newbeehelpnewbeehelp Posts: 3
    We are in Pittsburgh, PA and yes we would be turning in and rolling in the remaining months on the 2010 lease which was at $771(!) on a tech/entertainment package MDX with other options Thanks so much for the advice!
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  • lasplagaslasplagas Posts: 3
    Here at orange county, CA, I've been getting various quote for tech and adv, most with capitation cost about 40500 for tech inc destination and 46000 for adv. Money factor 0.00062 for 36 month, 12k/year. However, the residual value varies quite a bit, Are there published residual value for Tech and Adv pkg? for example, the Adv was quoted with residual of 26900 (50%) , zero cash, and 622/month, however, the tech pkg was quoted as the same 50% and 466/month(+tax) are these offer consistent?
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  • sunny50sunny50 Posts: 1
    Car man,

    Getting an Acura mdx lease pkg - for $440 pm for 36 month / 10k ; with 2K down.

    Base price negotiated -$ 37700.

    Should I go for it.

    Thanks in advance.
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  • shamiv30shamiv30 Posts: 6
    Hey Sunny50

    Try to negotiate on down payment.2k is too much at this time when 2014 is coming next month.With the figures U provided it looks u r paying $ 1560 for taxes and fees.i think these r too high ,these can also be negotiated. Try to get quotes from 4-5 dealers with their tax breakdown too.first start negotiating with $ 0 down.Try acura of denville or Springfield acura.If u need any further help , let me know.
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  • skilpatr1skilpatr1 Posts: 1
    Anyone know if this is even close to a good deal?
    Numbers provided:
    MDX Tech
    Msrp 47850

    Sale price 41111 + tax + 149 doc fee

    36 mo. Lease with 12k
    2000 down is 488.02 with 2628 out of pocket
    3000 down is 457.63 with 3667.63 out of pocket

    Residual is 24882 on all lease options

    Thx!
    Skilpatr
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  • shamiv30shamiv30 Posts: 6
    Yes that's quite a good deal.At this time just before release of 2014 u can also get some accessories at low price from dealer. Try that best of luck for ur purchase.
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  • christy2417christy2417 Posts: 1
    Can you tell me if this is a good deal. I was quoted for the Acura MDX

    MSRP- $44,175.00
    Selling Price- $38,096.06
    Money fact- . 00062
    Residual .54
    Monthly Payment - $499 tax included
    First payment due at signing.
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  • osbar81osbar81 Posts: 9
    Is this for 36 months? How many miles per year?
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  • atls5atls5 Posts: 2
    Hi Car Man,

    Thank you for all of your input and help.

    Can you tell me the residual and money factor for a 24 month 12k lease for Tech and non Tech?
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  • aleksandrbaleksandrb Posts: 1
    Production of 2014 Acura MDX Begins in Alabama http://acuraconnected.com/acura-official-releases/

    Just wondering if any good deal on 2013 Acura MDX that I can jump or noting special around
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  • d_nyholmd_nyholm Posts: 74
    I too m waiting for a deal on the 13 but I haven't heard of anything good except the 500/month that is on acuras site, though I do not think it seems like anything special.
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  • beach15beach15 Posts: 1,305
    Given current inventory and the fact you are looking at $5-6k off a current model MDX (that is abnormal for Acura in general), now is the time for a deal. Any longer, and there will not be any 2013 inventory but pricey 2014's.
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  • gogiants09gogiants09 Posts: 6
    Looking at the following lease and wondering whether it is a good deal.
    MDX with tech package. MSRP 47,850. Residual value is 53%, MF= .00062, Would be trading in vehicle and have $654 after loan payoff. Payment with 8% tax and all fees included is $539/month for 36 months. Would have to make first payment though. I think I got them down as much as I can but I have no idea. It feels like a good deal. Hoping to get thoughts from others.
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sunny50. The dealer invoice price for a base 2013 Acura MDX is $40,987. If we subtract the available $2,500 dealer cash from that it drops to $38,487. The selling price that you were quoted is even lower than that, so it looks like a great deal to me.

    Just make sure that the dealer uses Acura's current buy rate lease money factor of .00062 (for top tier customers) to calculate your payment and you're in business.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome atls5. Acura's current buy rate lease money factor and residual value for a 24-month lease of a 2013 MDX non-Tech with 12,000 miles per year are .00062 and 61% for consumers who qualify for its top aka "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of a '13 MDX Tech are .00062 and 59%.

    Car_man
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  • kmaggkmagg Posts: 3
    Any help is appreciated. Through American Express, was quoted an MSRP of $40,800 on a Tech package MDX. Can someone give me money factor and residual % for said vehicle? Thank you.
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  • otis123otis123 Posts: 431
    Hi Car_man,

    I currently have a 2004 base MDX I bought new 9 years ago and have serviced at a local Honda dealer (except warranty visits). It has 118K and except for a radiator leak/replacement at 95K has been trouble-free. Keeping it for many more years...

    Want to lease a 2013 base MDX (my first lease) at (hopefully) under $38487. Could you please tell me the residual value on a 36 month lease with 12K and 15K miles (assuming the 0.00062 money factor).

    Thanks!
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kmagg. Aura Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 MDX Tech with 15,000 miles per year are .00062 and 50% for consumers who qualify for its top credit tier.

    When negotiating your lease on this truck, shoot for a selling price that's close to dealer invoice minus the $2,500 dealer cash that is currently available on this model.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Wow, otis123, you certainly have gotten your money's worth out of your MDX.

    The money factor that you mentioned is correct. Acura's May residual value for a 36-month lease of a base '13 MDX with 15,000 miles per year is 52%.

    The residual value for a lease with 12,000 miles per year is 2% higher.

    There's $2,500 dealer cash on this model.

    Car_man
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  • suv800suv800 Posts: 41
    This dealer in Brooklyn New York has a pretty good deal.
    They have manufacturer direct leasing deals
    LegendLeasing dot com
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  • grissom208grissom208 Posts: 1
    Is the $2,500 available on the 2013 Advance? Thank you!
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  • d_nyholmd_nyholm Posts: 74
    Care to share this 'good deal'?
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  • otis123otis123 Posts: 431
    Thanks for the figures! My 2004 still smells and looks new! :-)
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  • james000james000 Posts: 1
    edited May 2013
    Hello, can you please tell me if this is a good deal on a 2013 Acura MDX Lease in Fresno, CA (Central California)?

    $490/month (plus taxes, titles, and fees) for 36 months, no money down, 10,000 miles per year.

    MSRP $44,175.

    Thank you for your time.
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  • neinameneiname Posts: 5
    Just finished getting a new 2013 MDX Tech. Was originally going to buy but leasing just made better sense.

    Selling price: $39,800
    Trade Allowance: $1,500 (beat up 2003 Saab 9-5)
    Total Cap Cost: $39,857
    Original MSRP: $47,850
    Miles per year: 12,000
    Adj Residual Value: $24,882

    $456.12 + 6.25% tax = $484.63/month
    good deal?
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