2019 Acura MDX Lease Deals and Prices

kyfdx

Eisenbaby said:

kyfdx said:

Eisenbaby said:

Hey all, im in 33312, just leased a 2019 mdx fwd base, msrp 45,695, put $1,500 down (incl 1sr mnths payment and im paying 449/mo for 36 months incl tax, 12k miles a year. 

Did I do ok?

What is the MSRP?
Selling price?
Adjusted CAP?

Msrp -45695
adjusted cap- 39242.95
selling price- 40242.95

Payment looks about right, given those numbers.
Pretty good deal.

OrlandoPat74

Looking at 2019 MDX SH Base. Can I get MF and incentives for zip 32771. Tks

OrlandoPat74

Also residuals. 36 month 10k and 12k

Eisenbaby

kyfdx said:

kyfdx said:

Hey all, im in 33312, just leased a 2019 mdx fwd base, msrp 45,695, put $1,500 down (incl 1sr mnths payment and im paying 449/mo for 36 months incl tax, 12k miles a year. 

Did I do ok?

What is the MSRP? Selling price? Adjusted CAP?

Msrp -45695
adjusted cap- 39242.95
selling price- 40242.95

Payment looks about right, given those numbers. Pretty good deal.

Thanks! I had no idea, i just know they wouldn’t mive anymore. I tried to get 440 out the door and they wouldnt do it. They also tried to get me to pay my first payment on top of the $1,500 once I went to the finance office. Which I refused citing our prior agreement.

kronusthebonus

Looking for RV/MF/Incentives for Advanced SH-AWD in 21784 for 36/12

Michaell

OrlandoPat74 said:

Looking at 2019 MDX SH Base. Can I get MF and incentives for zip 32771. Tks

OrlandoPat74 said:

Also residuals. 36 month 10k and 12k

36/12
.00100 and 58%
$2800 incentives

Michaell

Eisenbaby said:

kyfdx said:

Eisenbaby said:

kyfdx said:

Eisenbaby said:

Hey all, im in 33312, just leased a 2019 mdx fwd base, msrp 45,695, put $1,500 down (incl 1sr mnths payment and im paying 449/mo for 36 months incl tax, 12k miles a year. 

Did I do ok?

What is the MSRP?
Selling price?
Adjusted CAP?

Msrp -45695
adjusted cap- 39242.95
selling price- 40242.95

Payment looks about right, given those numbers.
Pretty good deal.

Thanks! I had no idea, i just know they wouldn’t mive anymore. I tried to get 440 out the door and they wouldnt do it. They also tried to get me to pay my first payment on top of the $1,500 once I went to the finance office. Which I refused citing our prior agreement.

Yep, looks good.

Congrats for sticking to your guns on the price and up front cash structure.

Michaell

kronusthebonus said:

Looking for RV/MF/Incentives for Advanced SH-AWD in 21784 for 36/12

.00100 and 56%
$3625 incentives

lsaltee

Hi all! this sounds like im getting a bad deal? 2019 mdx advanced and tech packages awd. msrp 59,045, total savings 3625, selling price 55, 420. delivery fee 597, acq fee 595, adjusted cap cost 57,123.50. residual value 33,656. payment 766.79 due at signing 766.79. 12k miles 36 months
payment seems way higher than most here.
zip code 36532
Thanks!

kyfdx

lsaltee said:

Hi all! this sounds like im getting a bad deal? 2019 mdx advanced and tech packages awd. msrp 59,045, total savings 3625, selling price 55, 420. delivery fee 597, acq fee 595, adjusted cap cost 57,123.50. residual value 33,656. payment 766.79 due at signing 766.79. 12k miles 36 months
payment seems way higher than most here.
zip code 36532
Thanks!

It's terrible. The incentive to the dealer from Acura is $3625. If that is the only discount they are giving you, they are effectively selling you the vehicle for full MSRP. Even worse, they then want a $597 delivery fee. Sheewwwww.

An average/middling deal would be $90/mo. less than that.

lsaltee

kyfdx said:

lsaltee said:

Hi all! this sounds like im getting a bad deal? 2019 mdx advanced and tech packages awd. msrp 59,045, total savings 3625, selling price 55, 420. delivery fee 597, acq fee 595, adjusted cap cost 57,123.50. residual value 33,656. payment 766.79 due at signing 766.79. 12k miles 36 months
payment seems way higher than most here.
zip code 36532
Thanks!

It's terrible. The incentive to the dealer from Acura is $3625. If that is the only discount they are giving you, they are effectively selling you the vehicle for full MSRP. Even worse, they then want a $597 delivery fee. Sheewwwww.

An average/middling deal would be $90/mo. less than that.

it sure sounded high. So how do i counter? what numbers need adjusting?

kyfdx

lsaltee said:

kyfdx said:

lsaltee said:

Hi all! this sounds like im getting a bad deal? 2019 mdx advanced and tech packages awd. msrp 59,045, total savings 3625, selling price 55, 420. delivery fee 597, acq fee 595, adjusted cap cost 57,123.50. residual value 33,656. payment 766.79 due at signing 766.79. 12k miles 36 months
payment seems way higher than most here.
zip code 36532
Thanks!

It's terrible. The incentive to the dealer from Acura is $3625. If that is the only discount they are giving you, they are effectively selling you the vehicle for full MSRP. Even worse, they then want a $597 delivery fee. Sheewwwww.

An average/middling deal would be $90/mo. less than that.

it sure sounded high. So how do i counter? what numbers need adjusting?

The selling price needs to be a lot lower.

lsaltee

kyfdx said:

lsaltee said:

kyfdx said:

lsaltee said:

Hi all! this sounds like im getting a bad deal? 2019 mdx advanced and tech packages awd. msrp 59,045, total savings 3625, selling price 55, 420. delivery fee 597, acq fee 595, adjusted cap cost 57,123.50. residual value 33,656. payment 766.79 due at signing 766.79. 12k miles 36 months
payment seems way higher than most here.
zip code 36532
Thanks!

It's terrible. The incentive to the dealer from Acura is $3625. If that is the only discount they are giving you, they are effectively selling you the vehicle for full MSRP. Even worse, they then want a $597 delivery fee. Sheewwwww.

An average/middling deal would be $90/mo. less than that.

it sure sounded high. So how do i counter? what numbers need adjusting?

The selling price needs to be a lot lower.

Just emailed them back to lower the price significantly. Ill keep you posted. thanks for the help.

Shannkimsey

Can I have MF and RV for 2019 Acura SH-AWD with technology in zip 60423. Also incentives please..THank you

jddssc121

Can you share #s for a 36/10 SH-AWD Advanced/Tech for zip 89148, as well as any incentives?

And for good measure, let's throw in the hybrid #s

kyfdx

Shannkimsey said:

Can I have MF and RV for 2019 Acura SH-AWD with technology in zip 60423. Also incentives please..THank you

36/15
.00100 MF and 54% residual
$3625 incentive

kyfdx

jddssc121 said:

Can you share #s for a 36/10 SH-AWD Advanced/Tech for zip 89148, as well as any incentives?

And for good measure, let's throw in the hybrid #s

.00100 MF and 57% residual
$3625 incentive

Gas or hybrid

OrlandoPat74

How’s this deal for an MdX base model for $515 a month tax included 500 down and lease payoff of $1,000 from car we are returning. Here in zip code 32771. MSRP $45695 includes destination fee $995 and Black color $400. negotiated price $41795 after all incentives. Thanks. 

Ro_JaBoy

Can you please provide MF/RV (and lease incentive) on 36/12 for technology fwd for 89141?

And just to understand, the lease incentive I should think of as coming off the MSRP since it gets paid to the dealership once a lease is signed? IE: Negotiate using MSRP - incentive and anything additional from there is what they are giving up from MSRP? Thanks in advance!

Michaell

OrlandoPat74 said:

How’s this deal for an MdX base model for $515 a month tax included 500 down and lease payoff of $1,000 from car we are returning. Here in zip code 32771. MSRP $45695 includes destination fee $995 and Black color $400. negotiated price $41795 after all incentives. Thanks. 

What term and miles?

Michaell

Ro_JaBoy said:

Can you please provide MF/RV (and lease incentive) on 36/12 for technology fwd for 89141?

And just to understand, the lease incentive I should think of as coming off the MSRP since it gets paid to the dealership once a lease is signed? IE: Negotiate using MSRP - incentive and anything additional from there is what they are giving up from MSRP? Thanks in advance!

.00100 and 56%

Total Cash of $3625 includes:
$650 Dealer Lease Finance Offer exp. 02/28/2019
$2975 Captive Lease Offer exp. 02/28/2019

The $625 will be part of any price offer made by the dealer.
The $2975 is to the customer, and will be shown as a down payment on the contract

OrlandoPat74

Michaell said:

How’s this deal for an MdX base model for $515 a month tax included 500 down and lease payoff of $1,000 from car we are returning. Here in zip code 32771. MSRP $45695 includes destination fee $995 and Black color $400. negotiated price $41795 after all incentives. Thanks. 

What term and miles?

36 month 30,000 miles

Michaell

OrlandoPat74 said:

Michaell said:

OrlandoPat74 said:

How’s this deal for an MdX base model for $515 a month tax included 500 down and lease payoff of $1,000 from car we are returning. Here in zip code 32771. MSRP $45695 includes destination fee $995 and Black color $400. negotiated price $41795 after all incentives. Thanks. 

What term and miles?

36 month 30,000 miles

.00100 and 59%
$2800 incentives

With your prices, I get $481/mo plus tax.

Looks to be right in the ballpark, if the tax rate is 7%

OrlandoPat74

Michaell said:

Michaell said:

How’s this deal for an MdX base model for $515 a month tax included 500 down and lease payoff of $1,000 from car we are returning. Here in zip code 32771. MSRP $45695 includes destination fee $995 and Black color $400. negotiated price $41795 after all incentives. Thanks. 

What term and miles?

36 month 30,000 miles

.00100 and 59% $2800 incentives With your prices, I get $481/mo plus tax. Looks to be right in the ballpark, if the tax rate is 7%

Thanks, I’m gonna take the deal.  Yes we are at 7%

jddssc121

Michaell said:

Ro_JaBoy said:

Can you please provide MF/RV (and lease incentive) on 36/12 for technology fwd for 89141?

And just to understand, the lease incentive I should think of as coming off the MSRP since it gets paid to the dealership once a lease is signed? IE: Negotiate using MSRP - incentive and anything additional from there is what they are giving up from MSRP? Thanks in advance!

.00100 and 56%

Total Cash of $3625 includes:
$650 Dealer Lease Finance Offer exp. 02/28/2019
$2975 Captive Lease Offer exp. 02/28/2019

The $625 will be part of any price offer made by the dealer.
The $2975 is to the customer, and will be shown as a down payment on the contract

I'm also seeing a $1K competitive (conquest) offer. Does that stack on top of the $3625 above? Or does it replace the $650 incentive?

kyfdx

jddssc121 said:

Michaell said:

Ro_JaBoy said:

Can you please provide MF/RV (and lease incentive) on 36/12 for technology fwd for 89141?

And just to understand, the lease incentive I should think of as coming off the MSRP since it gets paid to the dealership once a lease is signed? IE: Negotiate using MSRP - incentive and anything additional from there is what they are giving up from MSRP? Thanks in advance!

.00100 and 56%

Total Cash of $3625 includes:
$650 Dealer Lease Finance Offer exp. 02/28/2019
$2975 Captive Lease Offer exp. 02/28/2019

The $625 will be part of any price offer made by the dealer.
The $2975 is to the customer, and will be shown as a down payment on the contract

I'm also seeing a $1K competitive (conquest) offer. Does that stack on top of the $3625 above? Or does it replace the $650 incentive?

It appears that it is in addition to other incentives.

rsizzle

Hello. Can you please provide MF/RV/Incentives on the FWD w/ Tech in 92626 (10k/36mo)? Thanks!

Michaell

rsizzle said:

Hello. Can you please provide MF/RV/Incentives on the FWD w/ Tech in 92626 (10k/36mo)? Thanks!

.00100 MF and 57% residual
$3625 incentive

lime679

Hey guys. Just wanted to share my deal as I thought it was pretty sweet. Closed on a new 19 MDX Tech.

MSRP $50,295
Selling Price: $42,254
Options: $481

Cap Cost $42,735.93
No Tax

36 months 12K miles per year and only first payment due at signing $518. I am very happy with this deal.

remremrem

Please confirm MF for OnePay (Advance AWD, in case it matters).

More importantly, after having inquired of several managers/salespeople about the "ONEPAY" lease, it's clear each has a different understanding of the lessees exposure, should the vehicle get totaled. (in fact, astoundingly quite a few are mostly if not entirely unfamiliar with the product, even though there's a webpage on Acura's website offering it!). The most recent sales manager with whom I inquired used to be a finance manager for many years, and he said that after reading the "vague" contract over and over, and then requesting clarification from AFS, but with no clear resolution to the inherent ambiguity, he cannot in good conscience offer the product!

This is NOT just a gap coverage issue, and I hope those of you, who have a deep, and detailed, understanding of leasing contracts, - any attorneys out there? - can clarify.

I've looked at the contract and it sure seems in contrast to what one should expect (i.e.: Essentially, if the vehicle got totalled prior to end of lease, Acura should be entitled to lease payoff amount (Residual) plus perhaps sales tax on that residual and that would be about it.  They've already received all 36 months of lease payments up front. So, if my insurance pays properly for the current market value of the vehicle, there should be a fair amount of overage coming back to me, especially if the loss occurrs during the early months of the lease, correct???   If so, damned if I see anything in the OnePay contract that remotely agrees with that.  In fact, quite the opposite; it almost sounds like they make out like bandits in such a scenario.  Anyone here familiar with the contact and/or whether I am misunderstanding the concept?  I feel like I must be? I really like the idea of a onepay, but not if I am seriously exposed. I sure do miss the days when you could simply buy down the money factor with multiple security deposits; that was a no brainer with zero added exposure. Thanks in advance.

kyfdx

lime679 said:

Hey guys. Just wanted to share my deal as I thought it was pretty sweet. Closed on a new 19 MDX Tech.

MSRP $50,295
Selling Price: $42,254
Options: $481

Cap Cost $42,735.93
No Tax

36 months 12K miles per year and only first payment due at signing $518. I am very happy with this deal.

Congrats! Looks good

kyfdx

remremrem said:

Please confirm MF for OnePay (Advance AWD, in case it matters).

More importantly, after having inquired of several managers/salespeople about the "ONEPAY" lease, it's clear each has a different understanding of the lessees exposure, should the vehicle get totaled. (in fact, astoundingly quite a few are mostly if not entirely unfamiliar with the product, even though there's a webpage on Acura's website offering it!). The most recent sales manager with whom I inquired used to be a finance manager for many years, and he said that after reading the "vague" contract over and over, and then requesting clarification from AFS, but with no clear resolution to the inherent ambiguity, he cannot in good conscience offer the product!

This is NOT just a gap coverage issue, and I hope those of you, who have a deep, and detailed, understanding of leasing contracts, - any attorneys out there? - can clarify.

I've looked at the contract and it sure seems in contrast to what one should expect (i.e.: Essentially, if the vehicle got totalled prior to end of lease, Acura should be entitled to lease payoff amount (Residual) plus perhaps sales tax on that residual and that would be about it.  They've already received all 36 months of lease payments up front. So, if my insurance pays properly for the current market value of the vehicle, there should be a fair amount of overage coming back to me, especially if the loss occurrs during the early months of the lease, correct???   If so, damned if I see anything in the OnePay contract that remotely agrees with that.  In fact, quite the opposite; it almost sounds like they make out like bandits in such a scenario.  Anyone here familiar with the contact and/or whether I am misunderstanding the concept?  I feel like I must be? I really like the idea of a onepay, but not if I am seriously exposed. I sure do miss the days when you could simply buy down the money factor with multiple security deposits; that was a no brainer with zero added exposure. Thanks in advance.

You aren't going to get clarification, because there is a 3rd party involved (your insurance company). Acura Finance can't say what they will do.

My understanding: On a One-Pay lease, your payoff is not immediately the residual amount. For calculation purposes, your "payments" are held in escrow, and the payoff reduces monthly, just like a traditional lease. That's the way the lease is calculated, as well. As though you had 36 payments (albeit with a lower money factor), and then they are added up to get the One-Pay amount.

So, on a $40K CAP, let's say the payoff after four months is actually $38K, not $24K. For this example, we'll assume the current value is also $38K. Insurance company pays AFS $38K, and AFS refunds the 32 payments still in "escrow" to you.

One-pay results in a .00080 MF reduction

Ro_JaBoy

I'm looking at an MDX Tech with MSRP of $50,295. 89141 zip. Would I qualify for Conquest with two Toyotas in the family? Also have a Mercedes.

I'm trying to put $2,500 down and have a payment of $475. Is that realistic or do I need to be more flexible? Tax rate is 8.25%.

Thanks all

kyfdx

Ro_JaBoy said:

I'm looking at an MDX Tech with MSRP of $50,295. 89141 zip. Would I qualify for Conquest with two Toyotas in the family? Also have a Mercedes.

I'm trying to put $2,500 down and have a payment of $475. Is that realistic or do I need to be more flexible? Tax rate is 8.25%.

Thanks all

What term and mileage allowance?

I don't have the specifics on conquest.

Ro_JaBoy

36/12

jddssc121

kyfdx said:

remremrem said:

Please confirm MF for OnePay (Advance AWD, in case it matters).

More importantly, after having inquired of several managers/salespeople about the "ONEPAY" lease, it's clear each has a different understanding of the lessees exposure, should the vehicle get totaled. (in fact, astoundingly quite a few are mostly if not entirely unfamiliar with the product, even though there's a webpage on Acura's website offering it!). The most recent sales manager with whom I inquired used to be a finance manager for many years, and he said that after reading the "vague" contract over and over, and then requesting clarification from AFS, but with no clear resolution to the inherent ambiguity, he cannot in good conscience offer the product!

This is NOT just a gap coverage issue, and I hope those of you, who have a deep, and detailed, understanding of leasing contracts, - any attorneys out there? - can clarify.

I've looked at the contract and it sure seems in contrast to what one should expect (i.e.: Essentially, if the vehicle got totalled prior to end of lease, Acura should be entitled to lease payoff amount (Residual) plus perhaps sales tax on that residual and that would be about it.  They've already received all 36 months of lease payments up front. So, if my insurance pays properly for the current market value of the vehicle, there should be a fair amount of overage coming back to me, especially if the loss occurrs during the early months of the lease, correct???   If so, damned if I see anything in the OnePay contract that remotely agrees with that.  In fact, quite the opposite; it almost sounds like they make out like bandits in such a scenario.  Anyone here familiar with the contact and/or whether I am misunderstanding the concept?  I feel like I must be? I really like the idea of a onepay, but not if I am seriously exposed. I sure do miss the days when you could simply buy down the money factor with multiple security deposits; that was a no brainer with zero added exposure. Thanks in advance.

You aren't going to get clarification, because there is a 3rd party involved (your insurance company). Acura Finance can't say what they will do.

My understanding: On a One-Pay lease, your payoff is not immediately the residual amount. For calculation purposes, your "payments" are held in escrow, and the payoff reduces monthly, just like a traditional lease. That's the way the lease is calculated, as well. As though you had 36 payments (albeit with a lower money factor), and then they are added up to get the One-Pay amount.

So, on a $40K CAP, let's say the payoff after four months is actually $38K, not $24K. For this example, we'll assume the current value is also $38K. Insurance company pays AFS $38K, and AFS refunds the 32 payments still in "escrow" to you.

One-pay results in a .00080 MF reduction

I've always understood it as remremrem has alluded to in his comment; that if you total the car, your money goes *poof*. I would much prefer your explanation kyfdx ...... but I've never seen anything in writing that confirm it. You're correct that the dealer is going to be useless in this scenario, but perhaps remremrem can call Acura Finance directly and ask?

remremrem

jddssc121 said:

Please confirm MF for OnePay (Advance AWD, in case it matters).

More importantly, after having inquired of several managers/salespeople about the "ONEPAY" lease, it's clear each has a different understanding of the lessees exposure, should the vehicle get totaled. (in fact, astoundingly quite a few are mostly if not entirely unfamiliar with the product, even though there's a webpage on Acura's website offering it!). The most recent sales manager with whom I inquired used to be a finance manager for many years, and he said that after reading the "vague" contract over and over, and then requesting clarification from AFS, but with no clear resolution to the inherent ambiguity, he cannot in good conscience offer the product!

This is NOT just a gap coverage issue, and I hope those of you, who have a deep, and detailed, understanding of leasing contracts, - any attorneys out there? - can clarify.

I've looked at the contract and it sure seems in contrast to what one should expect (i.e.: Essentially, if the vehicle got totalled prior to end of lease, Acura should be entitled to lease payoff amount (Residual) plus perhaps sales tax on that residual and that would be about it.  They've already received all 36 months of lease payments up front. So, if my insurance pays properly for the current market value of the vehicle, there should be a fair amount of overage coming back to me, especially if the loss occurrs during the early months of the lease, correct???   If so, damned if I see anything in the OnePay contract that remotely agrees with that.  In fact, quite the opposite; it almost sounds like they make out like bandits in such a scenario.  Anyone here familiar with the contact and/or whether I am misunderstanding the concept?  I feel like I must be? I really like the idea of a onepay, but not if I am seriously exposed. I sure do miss the days when you could simply buy down the money factor with multiple security deposits; that was a no brainer with zero added exposure. Thanks in advance.

You aren't going to get clarification, because there is a 3rd party involved (your insurance company). Acura Finance can't say what they will do. My understanding: On a One-Pay lease, your payoff is not immediately the residual amount. For calculation purposes, your "payments" are held in escrow, and the payoff reduces monthly, just like a traditional lease. That's the way the lease is calculated, as well. As though you had 36 payments (albeit with a lower money factor), and then they are added up to get the One-Pay amount. So, on a $40K CAP, let's say the payoff after four months is actually $38K, not $24K. For this example, we'll assume the current value is also $38K. Insurance company pays AFS $38K, and AFS refunds the 32 payments still in "escrow" to you. One-pay results in a .00080 MF reduction

I've always understood it as remremrem has alluded to in his comment; that if you total the car, your money goes *poof*. I would much prefer your explanation kyfdx ...... but I've never seen anything in writing that confirm it. You're correct that the dealer is going to be useless in this scenario, but perhaps remremrem can call Acura Finance directly and ask?

Thank you kyfdx.  So, just to confirm, using the current MF of .0010, that should make the current OnePay MF = .0002 Correct?  Thus instead of an "effective" interest rate of  2.4%  (.001 x 2,400), it would be lowered to .48% (.0002 x 2,400).  Do I have that right?  Is 2,400 still the correct MF to Interest Rate conversion factor? (Sorry, it's been a very long time since I last leased).

Thank you both kyfdx and jddscc121 very much for your input, truly.  Actually, you've perfectly illustrated the nature of the dilemma!    Even if a voice over the phone from Acura corporate were to provide some reassurance, that wouldn't provide much comfort or confidence to move forward, when it's only the written contract that ultimately counts, and that contract could and should provide some explanation on how this calculation works, and include language which addresses the conditional actions of the 3rd party insurance company, don't you think?  Again, I truly hope I'm just missing something in my layman's attempt to interpret the document.  That is why I still hope that you and  others here in the forum, ideally those with first hand experience with this particular lease agreement, might be able to shed further light on the subject.  Again, many thanks!  

Ro_JaBoy

So 0.001 MF means 2.4% lending rate? Why is it the MF multiplied by 2,400? Thank you

kyfdx

Ro_JaBoy said:

So 0.001 MF means 2.4% lending rate? Why is it the MF multiplied by 2,400? Thank you

The money factor calculates the finance charges for one month.
But an APR is an annual percentage rate. (multiply by 12)
Money factor is applied to (CAP cost + residual), but finance charges are actually applied to an average of those two numbers. The money factor is halved to account for that. (multiply by 2)
An APR is expressed as a whole number, but it's actually a fraction. 2.4% is actually .024 when expressed as a portion of the amount it's applied to (multiply by 100).

12 X 2 X 100 = 2400

kyfdx

remremrem said:

jddssc121 said:

Please confirm MF for OnePay (Advance AWD, in case it matters).

More importantly, after having inquired of several managers/salespeople about the "ONEPAY" lease, it's clear each has a different understanding of the lessees exposure, should the vehicle get totaled. (in fact, astoundingly quite a few are mostly if not entirely unfamiliar with the product, even though there's a webpage on Acura's website offering it!). The most recent sales manager with whom I inquired used to be a finance manager for many years, and he said that after reading the "vague" contract over and over, and then requesting clarification from AFS, but with no clear resolution to the inherent ambiguity, he cannot in good conscience offer the product!

This is NOT just a gap coverage issue, and I hope those of you, who have a deep, and detailed, understanding of leasing contracts, - any attorneys out there? - can clarify.

I've looked at the contract and it sure seems in contrast to what one should expect (i.e.: Essentially, if the vehicle got totalled prior to end of lease, Acura should be entitled to lease payoff amount (Residual) plus perhaps sales tax on that residual and that would be about it.  They've already received all 36 months of lease payments up front. So, if my insurance pays properly for the current market value of the vehicle, there should be a fair amount of overage coming back to me, especially if the loss occurrs during the early months of the lease, correct???   If so, damned if I see anything in the OnePay contract that remotely agrees with that.  In fact, quite the opposite; it almost sounds like they make out like bandits in such a scenario.  Anyone here familiar with the contact and/or whether I am misunderstanding the concept?  I feel like I must be? I really like the idea of a onepay, but not if I am seriously exposed. I sure do miss the days when you could simply buy down the money factor with multiple security deposits; that was a no brainer with zero added exposure. Thanks in advance.

You aren't going to get clarification, because there is a 3rd party involved (your insurance company). Acura Finance can't say what they will do.

My understanding: On a One-Pay lease, your payoff is not immediately the residual amount. For calculation purposes, your "payments" are held in escrow, and the payoff reduces monthly, just like a traditional lease. That's the way the lease is calculated, as well. As though you had 36 payments (albeit with a lower money factor), and then they are added up to get the One-Pay amount.

So, on a $40K CAP, let's say the payoff after four months is actually $38K, not $24K. For this example, we'll assume the current value is also $38K. Insurance company pays AFS $38K, and AFS refunds the 32 payments still in "escrow" to you.

One-pay results in a .00080 MF reduction

I've always understood it as remremrem has alluded to in his comment; that if you total the car, your money goes *poof*. I would much prefer your explanation kyfdx ...... but I've never seen anything in writing that confirm it. You're correct that the dealer is going to be useless in this scenario, but perhaps remremrem can call Acura Finance directly and ask?
Thank you kyfdx.  So, just to confirm, using the current MF of .0010, that should make the current OnePay MF = .0002 Correct?  Thus instead of an "effective" interest rate of  2.4%  (.001 x 2,400), it would be lowered to .48% (.0002 x 2,400).  Do I have that right?  Is 2,400 still the correct MF to Interest Rate conversion factor? (Sorry, it's been a very long time since I last leased).

Thank you both kyfdx and jddscc121 very much for your input, truly.  Actually, you've perfectly illustrated the nature of the dilemma!    Even if a voice over the phone from Acura corporate were to provide some reassurance, that wouldn't provide much comfort or confidence to move forward, when it's only the written contract that ultimately counts, and that contract could and should provide some explanation on how this calculation works, and include language which addresses the conditional actions of the 3rd party insurance company, don't you think?  Again, I truly hope I'm just missing something in my layman's attempt to interpret the document.  That is why I still hope that you and  others here in the forum, ideally those with first hand experience with this particular lease agreement, might be able to shed further light on the subject.  Again, many thanks!  


Yes, you have the math correct.

.00080 is a big drop in money factor. It might save $60/mo. or $3600 total.

jla76

Can you please provide the MF/residual and incentives for MDX AWD 12k/36m for both the advance and tech packages. Ty

kyfdx

jla76 said:

Can you please provide the MF/residual and incentives for MDX AWD 12k/36m for both the advance and tech packages. Ty

.00100 MF and 56% residual
$3625 incentive
Either trim

Michaell

kyfdx said:

remremrem said:

jddssc121 said:

Please confirm MF for OnePay (Advance AWD, in case it matters).

More importantly, after having inquired of several managers/salespeople about the "ONEPAY" lease, it's clear each has a different understanding of the lessees exposure, should the vehicle get totaled. (in fact, astoundingly quite a few are mostly if not entirely unfamiliar with the product, even though there's a webpage on Acura's website offering it!). The most recent sales manager with whom I inquired used to be a finance manager for many years, and he said that after reading the "vague" contract over and over, and then requesting clarification from AFS, but with no clear resolution to the inherent ambiguity, he cannot in good conscience offer the product!

This is NOT just a gap coverage issue, and I hope those of you, who have a deep, and detailed, understanding of leasing contracts, - any attorneys out there? - can clarify.

I've looked at the contract and it sure seems in contrast to what one should expect (i.e.: Essentially, if the vehicle got totalled prior to end of lease, Acura should be entitled to lease payoff amount (Residual) plus perhaps sales tax on that residual and that would be about it.  They've already received all 36 months of lease payments up front. So, if my insurance pays properly for the current market value of the vehicle, there should be a fair amount of overage coming back to me, especially if the loss occurrs during the early months of the lease, correct???   If so, damned if I see anything in the OnePay contract that remotely agrees with that.  In fact, quite the opposite; it almost sounds like they make out like bandits in such a scenario.  Anyone here familiar with the contact and/or whether I am misunderstanding the concept?  I feel like I must be? I really like the idea of a onepay, but not if I am seriously exposed. I sure do miss the days when you could simply buy down the money factor with multiple security deposits; that was a no brainer with zero added exposure. Thanks in advance.

You aren't going to get clarification, because there is a 3rd party involved (your insurance company). Acura Finance can't say what they will do.

My understanding: On a One-Pay lease, your payoff is not immediately the residual amount. For calculation purposes, your "payments" are held in escrow, and the payoff reduces monthly, just like a traditional lease. That's the way the lease is calculated, as well. As though you had 36 payments (albeit with a lower money factor), and then they are added up to get the One-Pay amount.

So, on a $40K CAP, let's say the payoff after four months is actually $38K, not $24K. For this example, we'll assume the current value is also $38K. Insurance company pays AFS $38K, and AFS refunds the 32 payments still in "escrow" to you.

One-pay results in a .00080 MF reduction

I've always understood it as remremrem has alluded to in his comment; that if you total the car, your money goes *poof*. I would much prefer your explanation kyfdx ...... but I've never seen anything in writing that confirm it. You're correct that the dealer is going to be useless in this scenario, but perhaps remremrem can call Acura Finance directly and ask?

Thank you kyfdx.  So, just to confirm, using the current MF of .0010, that should make the current OnePay MF = .0002 Correct?  Thus instead of an "effective" interest rate of  2.4%  (.001 x 2,400), it would be lowered to .48% (.0002 x 2,400).  Do I have that right?  Is 2,400 still the correct MF to Interest Rate conversion factor? (Sorry, it's been a very long time since I last leased).

Thank you both kyfdx and jddscc121 very much for your input, truly.  Actually, you've perfectly illustrated the nature of the dilemma!    Even if a voice over the phone from Acura corporate were to provide some reassurance, that wouldn't provide much comfort or confidence to move forward, when it's only the written contract that ultimately counts, and that contract could and should provide some explanation on how this calculation works, and include language which addresses the conditional actions of the 3rd party insurance company, don't you think?  Again, I truly hope I'm just missing something in my layman's attempt to interpret the document.  That is why I still hope that you and  others here in the forum, ideally those with first hand experience with this particular lease agreement, might be able to shed further light on the subject.  Again, many thanks!  


Yes, you have the math correct.

.00080 is a big drop in money factor. It might save $60/mo. or $3600 total.

Uh, isn't $60 x 36 = $2160?

jla76

kyfdx said:

Can you please provide the MF/residual and incentives for MDX AWD 12k/36m for both the advance and tech packages. Ty

.00100 MF and 56% residual $3625 incentive Either trim

Thanks. The TMV tool is estimating 8-10% off MSRP, Should I expect to negotiate more off considering $3625 incentives or is that already factored in? Are you aware if there are any additional loyalty incentives since I'm coming off a MDX lease. 

Ro_JaBoy

One of the dealers sent me the details on Conquest by the way. Of course I have a 2008 MY Mercedes and all of the Conquest qualified cars have to be 2009+.

"Current owners of any 2009 or newer Audi, BMW, Buick, Cadillac, Infiniti, Lexus, Lincoln or Mercedes-Benz."

$1,000 towards cap cost reduction or down payment assistance on a lease or purchase of a 2019 MDX.

kyfdx

Michaell said:

kyfdx said:

remremrem said:

jddssc121 said:

Please confirm MF for OnePay (Advance AWD, in case it matters).

More importantly, after having inquired of several managers/salespeople about the "ONEPAY" lease, it's clear each has a different understanding of the lessees exposure, should the vehicle get totaled. (in fact, astoundingly quite a few are mostly if not entirely unfamiliar with the product, even though there's a webpage on Acura's website offering it!). The most recent sales manager with whom I inquired used to be a finance manager for many years, and he said that after reading the "vague" contract over and over, and then requesting clarification from AFS, but with no clear resolution to the inherent ambiguity, he cannot in good conscience offer the product!

This is NOT just a gap coverage issue, and I hope those of you, who have a deep, and detailed, understanding of leasing contracts, - any attorneys out there? - can clarify.

I've looked at the contract and it sure seems in contrast to what one should expect (i.e.: Essentially, if the vehicle got totalled prior to end of lease, Acura should be entitled to lease payoff amount (Residual) plus perhaps sales tax on that residual and that would be about it.  They've already received all 36 months of lease payments up front. So, if my insurance pays properly for the current market value of the vehicle, there should be a fair amount of overage coming back to me, especially if the loss occurrs during the early months of the lease, correct???   If so, damned if I see anything in the OnePay contract that remotely agrees with that.  In fact, quite the opposite; it almost sounds like they make out like bandits in such a scenario.  Anyone here familiar with the contact and/or whether I am misunderstanding the concept?  I feel like I must be? I really like the idea of a onepay, but not if I am seriously exposed. I sure do miss the days when you could simply buy down the money factor with multiple security deposits; that was a no brainer with zero added exposure. Thanks in advance.

You aren't going to get clarification, because there is a 3rd party involved (your insurance company). Acura Finance can't say what they will do.

My understanding: On a One-Pay lease, your payoff is not immediately the residual amount. For calculation purposes, your "payments" are held in escrow, and the payoff reduces monthly, just like a traditional lease. That's the way the lease is calculated, as well. As though you had 36 payments (albeit with a lower money factor), and then they are added up to get the One-Pay amount.

So, on a $40K CAP, let's say the payoff after four months is actually $38K, not $24K. For this example, we'll assume the current value is also $38K. Insurance company pays AFS $38K, and AFS refunds the 32 payments still in "escrow" to you.

One-pay results in a .00080 MF reduction

I've always understood it as remremrem has alluded to in his comment; that if you total the car, your money goes *poof*. I would much prefer your explanation kyfdx ...... but I've never seen anything in writing that confirm it. You're correct that the dealer is going to be useless in this scenario, but perhaps remremrem can call Acura Finance directly and ask?

Thank you kyfdx.  So, just to confirm, using the current MF of .0010, that should make the current OnePay MF = .0002 Correct?  Thus instead of an "effective" interest rate of  2.4%  (.001 x 2,400), it would be lowered to .48% (.0002 x 2,400).  Do I have that right?  Is 2,400 still the correct MF to Interest Rate conversion factor? (Sorry, it's been a very long time since I last leased).

Thank you both kyfdx and jddscc121 very much for your input, truly.  Actually, you've perfectly illustrated the nature of the dilemma!    Even if a voice over the phone from Acura corporate were to provide some reassurance, that wouldn't provide much comfort or confidence to move forward, when it's only the written contract that ultimately counts, and that contract could and should provide some explanation on how this calculation works, and include language which addresses the conditional actions of the 3rd party insurance company, don't you think?  Again, I truly hope I'm just missing something in my layman's attempt to interpret the document.  That is why I still hope that you and  others here in the forum, ideally those with first hand experience with this particular lease agreement, might be able to shed further light on the subject.  Again, many thanks!  


Yes, you have the math correct.

.00080 is a big drop in money factor. It might save $60/mo. or $3600 total.

Uh, isn't $60 x 36 = $2160?

Could be.. let me check..

kyfdx

jla76 said:

kyfdx said:

jla76 said:

Can you please provide the MF/residual and incentives for MDX AWD 12k/36m for both the advance and tech packages. Ty

.00100 MF and 56% residual
$3625 incentive
Either trim

Thanks. The TMV tool is estimating 8-10% off MSRP, Should I expect to negotiate more off considering $3625 incentives or is that already factored in? Are you aware if there are any additional loyalty incentives since I'm coming off a MDX lease. 

$2975 of that incentive is lease specific, so you should deduct that from the TMV.

kyfdx

Ro_JaBoy said:

One of the dealers sent me the details on Conquest by the way. Of course I have a 2008 MY Mercedes and all of the Conquest qualified cars have to be 2009+.

"Current owners of any 2009 or newer Audi, BMW, Buick, Cadillac, Infiniti, Lexus, Lincoln or Mercedes-Benz."

$1,000 towards cap cost reduction or down payment assistance on a lease or purchase of a 2019 MDX.

Thanks for the info

remremrem

Hi again, 
Sorry if this has already been asked: Any numbers/incentives for Hybrid Advance 36/10k and 36/7.5k ?  33316 zip.   Thanks  

kyfdx

remremrem said:

Hi again, 
Sorry if this has already been asked: Any numbers/incentives for Hybrid Advance 36/10k and 36/7.5k ?  33316 zip.   Thanks  

$3625 incentive