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2013 and earlier-Acura MDX Lease Questions

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Comments

  • Precision acura, Princeton
  • Hi Car Man,

    Do you have Sept numbers for the MDX?
  • Ouch, I am being told by a dealership that the residuals dropped 2 points and the money factor went up so it actually became more expensive instead of cheaper.

    Does anyone have confirmation on this?
  • Why is it so difficult to get lease rates from the dealer. I emailed four separate dealerships in NJ today and none of them emailed the rates back to me. They all wanted me to call them to clarify some things and one dealer went so far as to say they didn't know them and I could only obtain them from the sales manager by making and appointment with him and coming in.

    What gives?
  • This is the deal I got exactly a week ago for 14 AWD tech mdx lease:

    15k miles per year
    45824 price (invoice price. This is the price I got the deal for)
    5500 equity for trade in (I put this in as a down payment which covered the fees and remaining as cap reduction or down payment whatever you call it as)
    At Preferred credit tier (I was not qualified for premium tier, which would have saved 28 per month) my final payment was at 498 per month including everything.

    I don't know if anything changed in September as I got on 31st aug.. Precision acura is pretty good.
  • kyfdxkyfdx Posts: 110,934
    I'm sorry... we don't have the September numbers for the MDX..

    regards,
    kyfdx

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • sept lease rates did change as I'm going through a frustrating experience right now.

    long story short, local dealer and myself agreed to a price on 8/31. signed the buyer agreement for the cost of the car and put down a deposit. they haven't been able to find a vehicle for me. due to the delay of finding a car, the lease program changed and now the rates went up. rather than honoring the price that we agreed up, they are asking me to pay more per month. lease agreement wasn't signed since they haven't found the car yet. i wasn't super picky either.

    not sure if this sounds right, but that's what i'm going through right now.
    eventhough i have had 2 TL leases and 3 MDX leases.
  • Looks like the residual dropped big time! It was 66% in august for a 12k lease and now it's 49% for a Awd tech.
  • I wonder if they are trying to discourage people from getting the MDX this month either so that they can catch up with production or use it next month to help boost their 4th quarter earnings.
  • That's an incredible drop. Has anyone been able to get the residual and money factor so we can see how they are working together?

    It's odd that I cannot find these numbers anywhere online for September...several sites have them for August and prior, but nothing for September.
  • I dont know if this is accurate but this side claims to have the September numbers
    http://www.ridewithg.com/index.php/2013/09/2013-14-acura-lease-rates-september-2- 013/
  • It would seem to be accurate based on what others have said. Wow, not only did the residual drop dramatically but the money factor went up.

    With no money down, I'm calculating a $829 monthly lease payment on a AWD with Tech in NJ with these rates...up from around $600 last month.

    It seems Acura is discouraging leases at least for this month; but why?
  • I am hoping that the "G" was given some incorrect information. When looking at the Acura website for leasing specials on the MDX, it gives a buyout number at the end if the lease which is exactly 65% of MSRP. This is for a 10,000 mile/ year lease so a 15,000 mile per year lease would be 62%. This is a drop from last month but not as bad not the plunge reported by the G.
  • There may be something to what you say...I finally heard back from a dealership who said 2014 MDX AWD with Tech Package and 15,000 miles per year is a residual of 61%. On the down side, they are quoting the money factor as .00170, so slightly higher than what "G" says, but this could be the dealer artificially inflating or using less than super preferred credit I guess.

    So still much more expensive to lease this month versus last and I'm at a loss as to why. Conventional wisdom would say prices would decrease over time as demand drops but who knows.
  • beach15beach15 Posts: 1,305
    edited September 2013
    The residual did not change THAT much.

    Currently an AWD Tech MDX is at the following for September 4th through November 4th.

    AWD Tech
    15k = 61%
    12k = 63%
    10k = 64%

    And the money factor changed by .0001 higher to .00170.

    So for the national program special examples, more money down is required to get the same payment as last month.

    REMEMBER: Acura dealers do not and cannot change the money factors. That may happen with other brands, along with bizarre "pay multiple security deposits up front to lower cost" of other brands. That's an antique and useless process. With Acura, the rates are the rates and the residuals are the residuals. The only time the rates change are if you have poor credit history, then it's simply a pre-set tier higher.
  • Feel so much better, thaks for the clarification!
  • I was under the impression that last month's money factor was .00150, making this months money factor a two point increase. Is that not right?
  • I got .00150 MF (Super Preferred Credit Tier) last month. The dealer wouldn't give me that rate at first because they (salesperson, sales manager, finance person) said only previous Acura Financial Services customers can get that rate and I could only get .00160 MF. I called Acura Financial Services the next day and they said that was not true and as long as my credit was good I could their best rate. They also asked me the name of the dealer that gave me the bogus info. I confronted the dealer with what I found out and the finance manager coughed up that I could get the Super Preferred Credit Tier with a security deposit. I was happy to put down a security deposit equal to one months payment to save $320 over the life of the lease. The way I looked at it, I was putting $550 (security deposit amount) in a 3 year CD that paid 58% interest.
  • 2014 Acura MDX FWD w/ TECH (MSRP: 47,460)

    36 Month / 10k per year
    0$ Down and $1,108 drive off.
    $547.82+tax

    Is this a good deal?
  • did you have to pay $595 bank acquisition fee...or is this a BS fee.
  • $595 bank acquistion fee is charged by Acura Financial Service if you are leasing and is legit. Not sure if this can be waived for returning Acura lease customers.
  • kyfdxkyfdx Posts: 110,934
    No waivers of the acquisition fee...

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • What is the money factor and final negotiated price that got you 548/month
  • Hello Car Man (or others with knowledge),

    Do you know what date Acura changes over to the October residuals and money factors (I find it isn't always on the calendar month) and do you have those updated rates available on a 2014 Acura MDX SH-AWD with Technology Package on a 36 month 15K per year lease?

    Thank you.
  • kyfdxkyfdx Posts: 110,934
    It's usually on Tuesday, unless it's a holiday weekend... and, this month that holds true.... new numbers, starting tomorrow.. but, it will be a few days before we have them...

    regards,
    kyfdx

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you very much. I heard from a dealer I've been emailing back and forth with today that the rates stayed the same for October. Don't know if that's true because it's amazing the different answers you get from dealers when asking the simple question about residuals and money factors.

    Let me know what you find out.

    Thank you again.
  • All My Local Southern California Dealer is offering following deal based on Costco pricing
    Price - 46325
    MF - .0017
    12,000 Miles
    FWD , Tech
    595 acquisition fee
    Lease 605+ taxes...

    Is this reasonable price?
  • look above. seems that 550 is a better per month on this model/year.
  • Carman (or anyone else),

    Did you get October rates yet?
  • suv800suv800 Posts: 41
    That sounds way too much, I am paying lot less than that, even with I have 15k a year.
    Try this guy.
    http://www.legendleasing.com/2014_Acura_MDX
This discussion has been closed.