2020 Acura MDX Lease Deals and Prices

skarface

kyfdx said:

skarface said:

kyfdx said:

skarface said:

kyfdx said:

tom1965 said:

Michaell said:

tom1965 said:

Michaell said:

tom1965 said:

For clarification, Acura allows only one security deposit, correct.

Correct - it will lower the MF from .00225 to .00215 (if you go with the higher MF / incentive)

Thank you as always, I wanted to ensure they didn't allow multiple security deposits and only allowed the one. At 5.16% it's quite high, I didn't want to be locked in if there's a way to go lower.

If you have the money, you can do a one-pay lease and shave .00080 off the MF.

I didn't know that, good to know. This is one of those things that if something happens to the car, the money is gone, correct?

Generally, a single-pay lease isn't treated the same way as a big CAP cost reduction. It's treated as 36 equal payments, and payments still outstanding are refunded

How would a lease work if you trade in a car or make a down payment(cap cost reduction?) and planned to buy out the car immediately? Would you not be paying the money factor interest on the lease since you brought the price down to the point of the residual value?

There are always finance charges. Even if you pre-pay your depreciation, you'll still have the residual amount to pay finance charges on. The bank pays the full selling price for the car.

If planning on buying out the car immediately, are there any issues with making a large downpayment? Would any of the downpayment be used to pay the interest portion of the monthly payments? I wouldn't want to end up pre paying the monthly payments that include the interest charges.

No, it shouldn't matter, but if you are buying it out immediately, why put part of the money upfront at the beginning?

I figure it would eliminate any of the interest or rent charge. Why not save a few more bucks if I'm going to pay it all off asap anyways? Obviously, I wouldn't want to do this if they just applied it to the future interest payments.

Basically if the vehicle price is 35k and the residual is 25k would making a $10k down payment eliminate my payments and make the lease 'risk free'? I just have to pay the residual and I own the car?

NJTLMDX

skarface said:

NJTLMDX said:

Michaell said:

NJTLMDX said:

Signed (Is this a good deal?)
MDX SH AWD- with tech-12/36, zip 07016
$465 per month including tax ($3k down including first month)
negotiated 2 year oil change/service free
Gross Cap Cost = $42,423.65
Adjust Cap Cost = $38,695.15

Also, I see a lot of folks discussing buying out their lease right away. How does that work? My residual at the end of the lease would be $26,788

Looks like a good deal.

Congrats!

Thank you! Now I just need to figure out if it makes sense to buy out my lease right away or wait until my lease up in 3 years.

Can you request a payoff amount from Acura and report back? This would clear up whether you pay the sum of remaining payments or just the principle portion.

I’m working on it. The dealership sent me the below when I inquired about it:

“On your Acura statement, there will be a buyout option after a few months. If you wish to buyout the car early, you can reach out to Acura directly for instructions on how to purchase the car. From there, you can choose to finance it through us, or you can secure your own financing, whichever you prefer. Each time you make a lease payment, the buyout will decrease towards the end of lease cost we discussed.”

kyfdx

skarface said:

kyfdx said:

skarface said:

kyfdx said:

skarface said:

kyfdx said:

tom1965 said:

Michaell said:

tom1965 said:

Michaell said:

tom1965 said:

For clarification, Acura allows only one security deposit, correct.

Correct - it will lower the MF from .00225 to .00215 (if you go with the higher MF / incentive)

Thank you as always, I wanted to ensure they didn't allow multiple security deposits and only allowed the one. At 5.16% it's quite high, I didn't want to be locked in if there's a way to go lower.

If you have the money, you can do a one-pay lease and shave .00080 off the MF.

I didn't know that, good to know. This is one of those things that if something happens to the car, the money is gone, correct?

Generally, a single-pay lease isn't treated the same way as a big CAP cost reduction. It's treated as 36 equal payments, and payments still outstanding are refunded

How would a lease work if you trade in a car or make a down payment(cap cost reduction?) and planned to buy out the car immediately? Would you not be paying the money factor interest on the lease since you brought the price down to the point of the residual value?

There are always finance charges. Even if you pre-pay your depreciation, you'll still have the residual amount to pay finance charges on. The bank pays the full selling price for the car.

If planning on buying out the car immediately, are there any issues with making a large downpayment? Would any of the downpayment be used to pay the interest portion of the monthly payments? I wouldn't want to end up pre paying the monthly payments that include the interest charges.

No, it shouldn't matter, but if you are buying it out immediately, why put part of the money upfront at the beginning?

I figure it would eliminate any of the interest or rent charge. Why not save a few more bucks if I'm going to pay it all off asap anyways? Obviously, I wouldn't want to do this if they just applied it to the future interest payments.

Basically if the vehicle price is 35k and the residual is 25k would making a $10k down payment eliminate my payments and make the lease 'risk free'? I just have to pay the residual and I own the car?

No, if you pay the depreciation upfront, you still owe finance charges on the residual amount. So, you'd still have a payment, until you paid it off.

aksnyc

Could I please have the money factor, RV and incentives for a 36/10 lease on a 2020 MDX AWD Sport Hybrid w/ Tech package? 10036 zip. Thanks.

Michaell

aksnyc said:

Could I please have the money factor, RV and incentives for a 36/10 lease on a 2020 MDX AWD Sport Hybrid w/ Tech package? 10036 zip. Thanks.

.00042 and 52%
$4450 incentives

skarface

NJTLMDX said:

skarface said:

NJTLMDX said:

Michaell said:

NJTLMDX said:

Signed (Is this a good deal?)
MDX SH AWD- with tech-12/36, zip 07016
$465 per month including tax ($3k down including first month)
negotiated 2 year oil change/service free
Gross Cap Cost = $42,423.65
Adjust Cap Cost = $38,695.15

Also, I see a lot of folks discussing buying out their lease right away. How does that work? My residual at the end of the lease would be $26,788

Looks like a good deal.

Congrats!

Thank you! Now I just need to figure out if it makes sense to buy out my lease right away or wait until my lease up in 3 years.

Can you request a payoff amount from Acura and report back? This would clear up whether you pay the sum of remaining payments or just the principle portion.

I’m working on it. The dealership sent me the below when I inquired about it:

“On your Acura statement, there will be a buyout option after a few months. If you wish to buyout the car early, you can reach out to Acura directly for instructions on how to purchase the car. From there, you can choose to finance it through us, or you can secure your own financing, whichever you prefer. Each time you make a lease payment, the buyout will decrease towards the end of lease cost we discussed.”

Try contacting Acura financial. I called them and they said if I had already leased they could pull up my contract with my social security number and give me the payoff amount. I think the dealers tell you to wait a few months to get their kickback on the loan.

Alex K

Hello,
Can I please have MF/residual and incentives for 10312 area 36/12. Looking for 2020 Mdx awd advance package. Also given that 2021 model will be out in February is it fair to shoot aggressively for 20% off msrp before incentives? Thank you

Michaell

Alex K said:

Hello,
Can I please have MF/residual and incentives for 10312 area 36/12. Looking for 2020 Mdx awd advance package. Also given that 2021 model will be out in February is it fair to shoot aggressively for 20% off msrp before incentives? Thank you

.00042 and 51%
$4450 incentives

Read back through this thread to see what others have been able to negotiate.

RJGiants75

Hello,
Can I please have MF and incentives for 08807 36/12. Looking for 2020 Mdx sh-awd technology package. Thank you

Michaell

RJGiants75 said:

Hello,
Can I please have MF and incentives for 08807 36/12. Looking for 2020 Mdx sh-awd technology package. Thank you

.00042 and 51%
$4450 incentives

lovecatsornot

Hi Moderators: For the MF of 0.00215, what is the maximum markup dealers are allowed to add? Thank you.

Michaell

lovecatsornot said:

Hi Moderators: For the MF of 0.00215, what is the maximum markup dealers are allowed to add? Thank you.

Probably .00100 or .00125

skarface

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

Michaell

skarface said:

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

.00215 and 55%
$7500 incentives

lexusonu1

Hi, looking for MF and RV 2020 MDX Tech and base 36/12 FWD. Zip code 32804. Incentives ?
Thanks.

kyfdx

lexusonu1 said:

Hi, looking for MF and RV 2020 MDX Tech and base 36/12 FWD. Zip code 32804. Incentives ?
Thanks.

.00042 MF

Base: 53% residual. $3650 incentive
Tech: 51% residual. $4450 incentive

ILeaseCars

Hello! Could you please share the
MF/RV/Incentives for Base model based on zipcode 92880 and 15k miles a year?

Thank you!

kyfdx

ILeaseCars said:

Hello! Could you please share the
MF/RV/Incentives for Base model based on zipcode 92880 and 15k miles a year?

Thank you!

.00042 MF and 51% residual
$3650 incentive

vpegany1

Hi, looking for MF and RV 2020 MDX Tech and base 36/10k and 12k FWD. Zip code 95991 & Incentives ?
Thanks In advance.

kyfdx

vpegany1 said:

Hi, looking for MF and RV 2020 MDX Tech and base 36/10k and 12k FWD. Zip code 95991 & Incentives ?
Thanks In advance.

36/12
.00042 MF

Base: 53% residual. $3650 incentive
Tech: 51% residual. $4450 incentive

lovecatsornot

Hi Moderators: The $7,500/8,600 rebates and $1,500 loyalty/conquest rebate are not taxable right?

gm127

Greetings, possible to get MF and RV 2020 MDX Tech 36/10k and 12k FWD for 27617?Incentives?
Thanks for your time.

Michaell

lovecatsornot said:

Hi Moderators: The $7,500/8,600 rebates and $1,500 loyalty/conquest rebate are not taxable right?

Loyalty / conquest is taxable; the other is not.

Michaell

gm127 said:

Greetings, possible to get MF and RV 2020 MDX Tech 36/10k and 12k FWD for 27617?Incentives?
Thanks for your time.

.00042 and 51%
$4450 incentives

skarface

Michaell said:

skarface said:

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

.00215 and 55%
$7500 incentives

What would the numbers be for a 24/7500 lease?

Michaell

skarface said:

Michaell said:

skarface said:

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

.00215 and 55%
$7500 incentives

What would the numbers be for a 24/7500 lease?

61% residual

MF and incentives are the same

skarface

Michaell said:

skarface said:

Michaell said:

skarface said:

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

.00215 and 55%
$7500 incentives

What would the numbers be for a 24/7500 lease?

61% residual

MF and incentives are the same

36/10? Thanks for all the help

kyfdx

skarface said:

Michaell said:

skarface said:

Michaell said:

skarface said:

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

.00215 and 55%
$7500 incentives

What would the numbers be for a 24/7500 lease?

61% residual

MF and incentives are the same

36/10? Thanks for all the help

54%

skarface

kyfdx said:

skarface said:

Michaell said:

skarface said:

Michaell said:

skarface said:

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

.00215 and 55%
$7500 incentives

What would the numbers be for a 24/7500 lease?

61% residual

MF and incentives are the same

36/10? Thanks for all the help

54%

Is the money factor different?

kyfdx

skarface said:

kyfdx said:

skarface said:

Michaell said:

skarface said:

Michaell said:

skarface said:

Could I please have the money factor, RV and incentives for a 36/7500 lease on a 2020 MDX AWD Base? Looking for the higher incentives with higher money factor.

.00215 and 55%
$7500 incentives

What would the numbers be for a 24/7500 lease?

61% residual

MF and incentives are the same

36/10? Thanks for all the help

54%

Is the money factor different?

No

9tara

Hi are there any references for Norcal - BayArea 2020 MDX with Tech pkg deals for zipcode 94536 ? Also whats the MF/RV/Incentives ?

kyfdx

9tara said:

Hi are there any references for Norcal - BayArea 2020 MDX with Tech pkg deals for zipcode 94536 ? Also whats the MF/RV/Incentives ?

36/15
.00042 and 49%
$4450 incentives

Aruninoc

Can I please get lease numbers : MF / RV / Incentives for MDX SH-AWD Tech or Advance

36/7500 and 24/7500

kyfdx

Aruninoc said:

Can I please get lease numbers : MF / RV / Incentives for MDX SH-AWD Tech or Advance

36/7500 and 24/7500

.00042 MF
59%/53% residual

$4450 incentive

cle4ever

Hi, can you please tell me the MF, RV, and Incentives on 2020 MDX Tech 36months/10k in zip 44139? MSRP $52,000..Thanks!

Aruninoc

kyfdx said:

Aruninoc said:

Can I please get lease numbers : MF / RV / Incentives for MDX SH-AWD Tech or Advance

36/7500 and 24/7500

.00042 MF
59%/53% residual

$4450 incentive

I got quoted a MF of .00205 by a dealer on MDX AWD Tech.. they are claiming it's the base rate ..is that possible ?

FelixW

Trying to help a family member work a one pay lease right into a purchase within 2 to 4 weeks (zip 60126). Is it possible to structure the deal whereby the acquisition fee is waived? I remember reading someone here a few months ago, IIRC.

Michaell

cle4ever said:

Hi, can you please tell me the MF, RV, and Incentives on 2020 MDX Tech 36months/10k in zip 44139? MSRP $52,000..Thanks!

.00042 and 58%
$4450 incentives

Michaell

FelixW said:

Trying to help a family member work a one pay lease right into a purchase within 2 to 4 weeks (zip 60126). Is it possible to structure the deal whereby the acquisition fee is waived? I remember reading someone here a few months ago, IIRC.

If you do, there is a bump to the MF to offset it. Generally, not worth it.

Michaell

Aruninoc said:

kyfdx said:

Aruninoc said:

Can I please get lease numbers : MF / RV / Incentives for MDX SH-AWD Tech or Advance

36/7500 and 24/7500

.00042 MF
59%/53% residual

$4450 incentive

I got quoted a MF of .00205 by a dealer on MDX AWD Tech.. they are claiming it's the base rate ..is that possible ?

.00215 is the alternate MF, with a higher incentive ($8600)

Not sure why the quote is lower than that.

kyfdx

FelixW said:

Trying to help a family member work a one pay lease right into a purchase within 2 to 4 weeks (zip 60126). Is it possible to structure the deal whereby the acquisition fee is waived? I remember reading someone here a few months ago, IIRC.

I'm not sure if Acura has a MF bump, in lieu of paying the acquisition fee. But, they probably do, and it would be advantageous, as you'd only be paying the higher finance charges for a couple of months.

But, you likely can't convert from a lease to a purchase in 2-4 weeks. The bank likely won't sell you the car until the title work is completed. First, you get a temporary tag, then 2-6 weeks for the bank to get you the paperwork to register the car, then maybe another 2-4 weeks for the bank to get the title.
Two to three months is probably about the best.

One other issue: You do a one pay lease for $20K, including $1500 of sales tax. Then, the bank sells you this $40K car, will you have to pay another $3000 in sales tax? Yes, I know you are only paying $20K to buy out the residual, not another $40K, but this might be a snag.

onedeen

Can I get the MF, RV, and Incentives for 2020 MDX AWD with Tech Package, $52950 MSRP. And if 2 programs i'd like to the MF for both programs please. Zip Code 90710.

Thanks in Advance

Michaell

onedeen said:

Can I get the MF, RV, and Incentives for 2020 MDX AWD with Tech Package, $52950 MSRP. And if 2 programs i'd like to the MF for both programs please. Zip Code 90710.

Thanks in Advance

36/15
Low - .00042 and $4450 incentives
High - .00215 and $8600 incentives
55% residual

Gford86

Mf and residuals and incentives for 36/12 and 36/15 MDX awd base and w/tech package for zip 95337 and 84095
Thank you very much!

Michaell

Gford86 said:

Mf and residuals and incentives for 36/12 and 36/15 MDX awd base and w/tech package for zip 95337 and 84095
Thank you very much!

36/15
.00042 MF
Base - 51% and $3650 incentives
Tech - 49% and $4450

FelixW

kyfdx said:

FelixW said:

Trying to help a family member work a one pay lease right into a purchase within 2 to 4 weeks (zip 60126). Is it possible to structure the deal whereby the acquisition fee is waived? I remember reading someone here a few months ago, IIRC.

I'm not sure if Acura has a MF bump, in lieu of paying the acquisition fee. But, they probably do, and it would be advantageous, as you'd only be paying the higher finance charges for a couple of months.

But, you likely can't convert from a lease to a purchase in 2-4 weeks. The bank likely won't sell you the car until the title work is completed. First, you get a temporary tag, then 2-6 weeks for the bank to get you the paperwork to register the car, then maybe another 2-4 weeks for the bank to get the title.
Two to three months is probably about the best.

One other issue: You do a one pay lease for $20K, including $1500 of sales tax. Then, the bank sells you this $40K car, will you have to pay another $3000 in sales tax? Yes, I know you are only paying $20K to buy out the residual, not another $40K, but this might be a snag.

Here in communist IL luckily only the monthlies are taxed (not sure what year they changed from price of the car being taxed).

The lease wouldn't actually be a one-pay though. Probably 3 yrs/10k, and converted right into a purchase. I swear I read of a poster here doing that very thing the last few months. His dealer actually set it up the right way -- minimizing his fees; I'll have to go back and see if I could find it.

Either way, in order to get the $8000 + incentive you have to initially lease it. So whether you buy it out 30 days or 90 days after initial transaction you wouldn't have shelled out that much in interest.

I have a dealer's ad from last year (which I can't attach to my post for some reason) and I'd be looking to beat that deal. August of '19 an MDX AWD Tech pkg MSRP of $52,295 for $37,131.97 and monthly lease of $436.02 with no money down.

Gford86

How much do I add for 36/12

Michaell

Gford86 said:

How much do I add for 36/12

2%

onedeen

Can I get the MF, RV, and Incentives for 2020 MDX AWD with Tech Package, $52950 MSRP. And if 2 programs i'd like to the MF for both programs please. Zip Code 90710.

sorry I forgot to mention 36/10 and 36/12

Thanks in Advance

kyfdx

FelixW said:

kyfdx said:

FelixW said:

Trying to help a family member work a one pay lease right into a purchase within 2 to 4 weeks (zip 60126). Is it possible to structure the deal whereby the acquisition fee is waived? I remember reading someone here a few months ago, IIRC.

I'm not sure if Acura has a MF bump, in lieu of paying the acquisition fee. But, they probably do, and it would be advantageous, as you'd only be paying the higher finance charges for a couple of months.

But, you likely can't convert from a lease to a purchase in 2-4 weeks. The bank likely won't sell you the car until the title work is completed. First, you get a temporary tag, then 2-6 weeks for the bank to get you the paperwork to register the car, then maybe another 2-4 weeks for the bank to get the title.
Two to three months is probably about the best.

One other issue: You do a one pay lease for $20K, including $1500 of sales tax. Then, the bank sells you this $40K car, will you have to pay another $3000 in sales tax? Yes, I know you are only paying $20K to buy out the residual, not another $40K, but this might be a snag.

Here in communist IL luckily only the monthlies are taxed (not sure what year they changed from price of the car being taxed).

The lease wouldn't actually be a one-pay though. Probably 3 yrs/10k, and converted right into a purchase. I swear I read of a poster here doing that very thing the last few months. His dealer actually set it up the right way -- minimizing his fees; I'll have to go back and see if I could find it.

Either way, in order to get the $8000 + incentive you have to initially lease it. So whether you buy it out 30 days or 90 days after initial transaction you wouldn't have shelled out that much in interest.

I have a dealer's ad from last year (which I can't attach to my post for some reason) and I'd be looking to beat that deal. August of '19 an MDX AWD Tech pkg MSRP of $52,295 for $37,131.97 and monthly lease of $436.02 with no money down.

Illinois collects the full amount of tax on the lease, upfront. Yes, it's only applied to the actual amounts paid, but it isn't collected monthly. The tax issue is the biggest thing to worry about.