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2013 and earlier-Acura RDX Lease Questions
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I'm trying to run down the numbers for the 399 deal for the RDX w/ Tech but something isn't adding up. Based on the following info:
Invoice: 34429
Incentive: 1500
Money Factor: .0072
Residual: 53% at 10k miles per year (is this correct?)
New Cap Cost (Cost): 34429 - 1500 = 32929
Cost - Residual ( 17452.37) = Depreciation which is $15,476.63
Depreciation / 36 months = $429.90
So...
(Cost + Residual) * Money Factor = $50,381.00 * .0072 = $36
$429.00 + $36.00 = $466.00 a month
So this 466.00 a month that I'm getting in my calculation is before taxes and fees and all that. So how are they offering $399.00 a month before fees I have no idea. I'm trying to talk to a dealer (South Florida) to break it down for me but of course they are giving me the run around on the numbers.
Can anyone explain the detail in full detail? I'd love to get a "killer" deal.
Thanks
So you have a residual of $37,410 * 53% = $19,827.
Which gives you
Depreciation: 32,929 - 19,827 = 13,102 ($363.94 monthly)
Finance: (32,929 + 19,827) * .00072 = $37.98
Base Payment: 401.92
Ok so technically this 399.00 should be good to go without anything down except the acquisition fee and first months payment? The dealer was telling me I needed to put about 3000.00 down.
About taxes, I'm not clear how taxes work on a lease. I'm in Florida and I believe a 6% sales and use tax is applicable.
Can anyone explain how to factor that in, is it paid up front in a lump sum or included in the payment? I'm clueless here.
Thanks all
2008 Acura RDX (base)
36 month / 12,000 miles per year
MSRP: 33,910.00
Selling: 32,220.00
Due @ Signing $713.61 (1st month & dmv)
Monthly Payment $484.61 (includes taxes)
My payment is 422.94 (399 + 6% sales tax).
Out the door I paid a total 1385.00 (includes all fees and first payment).
I also got the all season floor mats and cargo tray thrown in.
At first I was dealing with Rick Case Acura (Florida), they told me they would not do that deal. I called up Acura of South Florida, told them the numbers and they said come on in and the deal is done.
I went in to Acura of South Florida, did the deal with no suprises whatsoever. They didn't have the color we wanted (White) but I knew that beforehand because it wasn't listed in their online inventory.
Done deal,
thank for all of the info.
What do you think of the deal? Should I have demanded more (this was a learning experience after all)
Thanks in advance!!!!!!!!!!
I wish I could go back and edit my post so I could put this extra info in.
Does anyone think it is realistic to get an RDX base for 400/month with only first month payment out the door.
Also do 24 month leases cost more?
Thanks for the help
Lease a RDX Base for 36 months
10,000 miles per year
with Inception fees down.
Inception fees are;
Bank fee $595.00
NJ Motor Vehicle 262.50
NJ Tire Tax 7.50
Documentary fee 199.00
First Payment 428.00
Total $1,492.00 Monthly Payment $428.00
Lease the RDX Tech same as above;
Inception fees down $1,511.64
Monthly payment $447.64
What's up with the bank fee.
How much better should I do?
$1500 down
15k miles per year
$520 per month
Can we expect to get in the mid $400? I thought some folks were getting these figures...
Thanks
This AM I was offered $32,930 (invoice minus 1,500 dealer cash), $450.36 mthly with the same $1,500 out of pocket. I tried to chisel them down a lil more, requesting a $440 mth payment or $300 less up front. F em! I figure I had nothing to lose. The salesperson gave me the old 'these care are hot and limited' routine. I informed him that although they are hot, I can easily go on the internet and see his inventory and that of his competitors. When he didn't budge I walked out.
Anyone have any success obtaining a sub $450 payment with this kinda money out of pocket?
I'm dealing with Springfield Acura, which dealer gave you 32.2K price?
2008 Acura RDX (base)
36 month / 12,000 miles per year
MSRP: 33,910.00
Selling: 32,220.00
Due @ Signing $713.61 (1st month & dmv)
Monthly Payment $484.61 (includes taxes)
For a base model, that deal isnt too sweet. I went to Manhattan Acura, got numbers from a french guy and walked out. They have the right to hold out for their price. I have the right to hold out for mine.
You will still have to pay $595 bank fee. I dont think the dealer can waive that.
All my figures are for the Tech and including taxes.
Murano has gotten way too expensive. The EX35, aside from being too small, had awful programs.
$433 a mth X 36, 12K yr on RDX Tech. This payment includes NYC 8.375% tax.
I am $1530 out of pocket (1st mth, bank fee, docs, plates). The selling price is $32,730 (invoice - $200 - $1500 dealer incentive). I feel this is a good deal. On my way to consumate it. I will try to shake em for mats or something else for free when I get there.
Steve from Middletown/Feder offered a comparable deal, but I am getting it in NJ because I can avoid the 1hr plus drive.
All I have to say is WOWWWWWWWWW! Going back out just to drive now! I will definitely visit all the dealers who lost the sale and honk the horn. LOL!
I got 575 with 1500 down for 25k miles. (tech package) Running boards, body side molding, and floor mats for 589....in PA, Montgomeryville and West Chester ... Ardmore and Jenkintown a bit higher.
Some caveats - I'm in Chicago so we aren't doing a true lease but rather one of the balloon notes / owners choices / whatever they are called to avoid having to pay the extra lease use tax. Also, in IL, you pay sales tax on the entire price of the car including the residual, not just on the monthly payments.
I'm hoping someone can help me?!? Are the finance charges calculated the same way? My numbers do match any "lease calculator" I try online so I'm wordering if something is different in a balloon or if they slipped something in there.
For instance, I was looking at the RDX base so MSRP is 33,910 and they quoted me $31,219 + $168 in title/license fees. I have to pay 9.25% sales tax on the whole amount and that is rolled into the monthly payments so total capitalized cost is 34,290.30.
Residual is 55% which seems to match what I've seen so residual value is $18,650.
But, finance charges come to $78.27 per month according to the dealer's sheet. In my sheet and in the online calculators, finance charges come to $65.96 per month based on this APR and the cooresponding money factor. I cannot figure out why there is a difference but it's driving me nuts!
I come out to a monthly payment of $500.39 and the dealer comes to $516.83
Any suggestions?
Sorry!
http://www.carbuyingtips.com/regm.xls
They must be adding something else in. Any other suggestions?
Any thoughts on whether this is a good deal. From what we can tell, the IL tax is just killing us since (1) it is higher than many other states and (2) you pay it on the total price of the car including the residual, not just the part you use.
Can anyone in IL share what kind of deal they got on the RDX???
Basically, I want to know how much I can bring them down. Should I ask for the $902 off or should I accept the current deal and ask for them to throw in Acura protection package (wheel locks, floor mats, cargo tray); running boards and body side molding??? If I choose the latter, can I also try to get them to bump the miles up to at least 12k??
Sorry for the long post, but any help is greatly appreciated and if anyone can post their recent deals that would be great too. Thanks again.
Selling Price: 33,000
Residual: 52% = 19,453
Tax in my area is = 8.125%
Money Factor = 0.00072
Includes 36 month/12k miles and has moon visor with mudguards. This comes to $455.
Due at signing: $792.04*
Capitalized cost: $32913
Residual: 19827.30
Depriciation: $13085.70
Rent Charge: 1366.86
Total of base payments: 14452.56
Payments 36
Base Monthly Payment: $401.46
Sales Tax $33.12 (8.25%)
Total Monthly: 434.58
This is 10k per year
*When signing I questioned the $792.04 and was told the dealer was covering that. And they did. Not sure why it appears on the paperwork.