2013 and earlier-Acura RDX Lease Questions

CarMan@Edmunds

Hi nstryker. $100 over dealer invoice is an excellent price for a leased 2008 RDX. Manufacturers' conventional financing rates and lease rates are always different. The money factor that you were quoted is right in line with Honda Finance's buy rate for this model, so it is the best that one can do on it right now. This looks like an excellent deal to me.

Car_man
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CarMan@Edmunds

I agree, msroch, that is too much money to pay at lease signing. I always advise consumers not to make any sort of capitalized cost reduction when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment will be slightly higher, you would be better off going with a zero down lease.

Car_man
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casolorz

Can I expect to still get really low interest rates? or are those only if you pay msrp?
Thanks,

--Carlos

jtep24

So I just purchased a 2008 base model for the following terms:

10K miles per year (only drive about 7500 a year)
1000 down (only 250 cap cost reduction -- dealer would not go lower than that)
$409 a month
Did I get screwed?

jhyoo

Can someone please tell what the residual and money factor is for an 08 RDX w/ Tech for 24 month and 36 month with 18000 miles?

Thanks a lot,

shoefly1

I'm also interested in Acura's lease numbers this month. Anyone know the MF & residual on a '08 base RDX?

shoefly1

To be more specific, I'm looking at 15k a year for 36 mos.

CarMan@Edmunds

Hi Carlos. The special money factors that are available on leases of the 2008 Acura RDX have nothing to do with its selling price. Shop around with a couple of dealers for the lowest possible price on the RDX that you want and then have the dealer that you decide to go with calculate your monthly payment using Honda Finance's current buy rate lease money factor of .00189 (for "Super Preferred" tier customers who pay a security deposit at lease signing).

Car_man
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CarMan@Edmunds

Hi jtep24. At first glance this looks like a pretty good deal to me, but it would be much easier for me to give you a detailed analysis of it if you were able to provide me with the selling price of your RDX.

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CarMan@Edmunds

Here's the information that you're looking for, jhyoo. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Acura RDX w/ Tech with 15,000 miles per year are .00189 and 59%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical 36 month lease are .00189 and 54%. 15,000 miles per year is the highest mileage allowance that Honda Finance publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

Car_man
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CarMan@Edmunds

Hi shoefly1. Through October 31st, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Acura MDX with 15,000 miles per year are .00189 and 57%, respectively for consumers who qualify for its top credit tier and pay a security deposit at lease signing.

Car_man
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spd1980

Hi,

I am hoping to find out if I am getting a good offer on an '08 RDX with Tech package and roof rack/ski rack. I went into a dealership in northern NJ and they said that they could give us exactly what we wanted for $420 a month including taxes and fees with a trade-in that was appraised at $5500.

I know this may be vague since I don't have all of the exact numbers used (Sell Price, Residual, and Money Factor) but here are estimates of the numbers based on what I have read on this site.

MSRP (Act.): 37,948
Fees (Est.): 2,000
Cap Cost Reductions (Act.): (Trade-in) - 5,500
Additional Due at Signing (Act.): 0
Residual (Est.): 57%
Money Factor (Est.): .00189
Term (Act.): 36 Months
Mileage (Act.): 10,000
Sales Tax (Act.): 7%

I know without exact numbers I can't be given an accurate idea of whether or not I am getting a good deal. I was wondering if I am getting something inline with what everyone else is paying for the same vehicle or if it is greater or less than what everyone else is paying.

Thanks for any help that you guys can give. This site has been very helpful in finding out the residuals and money factors which has been a big help in estimating various lease payments.

archivist

Just saw 'deal' listed by JTEP24 (#217 above) and thought it seemed quite good. Has anyone else gotten similar Leases? I'm looking for almost identical spec - Base RDX with minimal extras and limited to zero downpayment. I've previously (currently) leased with HFC (Honda Civic). The best offer I've received is $494 + Tax & 1st month which is at least $85 more than JTEP24 ($409). The dealer will obviously go with Acura's $ 2999 down and $399 per month, but I don't really want to give him that much. Any suggestions or dealers that might be "hungry"?

Dave :confuse: Colorado

CarMan@Edmunds

Hi spd1980. I see that you are considering trading in your current vehicle when you lease your new one. There's nothing wrong with doing so, but it would be in your best interest to have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a down payment on your lease. I always advise consumers against making large down payments on leased vehicles. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease, even though it means that your monthly payment will be a a little higher.

The best way to tell how good a deal you are getting on your MDX is to take a look at its selling price. If you find out what this number is for me, I would be happy to give you my opinion of this deal.

Car_man
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spd1980

Hey Car_man,

Thanks for your reply. I have actually heard what you are saying about telling the dealer to give me a check for the trade-in rather than use it as a down payment. In our case this would mean that our payments would be way more than we could afford. I think ultimately using the trade-in will allow us to afford the car that we absolutely love. So in this respect are you saying that its better to pay more per month with less down as long as you can afford it? I'm just trying to make sense of everything since my father was telling me the same thing but I didn't quite grasp it since he didn't phrase it the same way as you.

As for numbers, I have received a print out from another dealer with the figures. The details of the quote are below.

'08 RDX Tech with roof rack and ski rack:
Sell Price: 35,284
Trade-in: 6,000
Inception Fees (with Upfront Tax): 2,162
MSRP: 37,410
Residual: 55% - 20,575
Money Factor: .001550
Down Payment: 3,586
Down Payment Tax: 251
Vehicle Markup: 754
Adj. Cap Cost: 31,698
Term: 36
Miles: 10,000
Total Payment: 389.99 per month

Please let me know what you think. Thanks again!

sugrad

I am working with a dealer in central NJ (Open Road) and looking to lease.
2008 RDX Base (no nothing)
Sell Price: Unknown
Trade In: $6,000 (2003 TL-S needing bumper replacement and 82k miles)
Money Factor: .002750
Buy Back: $21,024
Down payment: $10k ($6 trade-in + $4 cash)
Term: 27 months
Monthly Payment: $269 (inclusive).

Is this a good deal or not ?
Should I do a cash purchase instead ?(which I could do tapping into home equity loan and savings)

Thanks for any advice.

spd1980

Just wanted to post details on a lease that I just signed at DCH Acura in NJ.

2008 RDX Tech with Roof Rack and Ski Rack
Black on Black

MSRP: 37,410
Sell Price: 35,662
Lease Term: 36 months
Mileage: 10,000
Residual: 55% or 20,575
Money Factor: .00155 (Super Preferred)
Trade-in: 6,290
MV Fee: 282
Acq Fee: 595
Doc Fee: 199
Upfront Taxes @ 7%: 879
First Payment: 390
Total Monthly Payment Including Taxes: 390

sugrad

Pardon the ignorance but I never leased before.
Is a lower money factor like the .00155 gotten by spd1980 better or worse than the .002750 I was offered ?
I was trying to get an apr from the dealer but they said leasing arrangements don't use apr.
So I need some help to figure out Deal or No Deal.

Thanks

nschulman3

I leased an 08 RDX with Tech two weeks ago from Springfield Acura in NJ for $506 a month, tax included, with $1500 total out of pocket. Although I am very good with numbers, the bottom line with me is always how much am I paying a month. Residuals and money factors are all well and good, but isn't the most important thing your monthly payment and coming up with as little as possible at signing? By the way, is this a good deal or did I get taken? By the way, although I like the car, the mileage is worse than I thought it would be and I wasn't expecting much.. I am getting about 10 MPG doing mostly city driving, worse than my WRX. Also, the acceleration is mediocre at best to me and I am used to turbos.

spd1980

sugrad,

I am new to leasing also but from my research you want the lowest money factor possible. This is usually based on what the leasing company is offering at the time you are shopping and should be the same at all dealers. Car_man can probably confirm the .00155 number bu since it is the beginning of the month it should be the same for you if you credit is good and you qualify.

As an example, using my exact lease deals in a leasing calculator my monthly payment would go from 390 to 450 a month or an increase of 60 dollars a month.

gurtyb

Hi. Where did you get that price? Thats a great deal. I've been looking and haven't found anything that good.
Thanks,
Brian

leaseking

Hi,

$506 is hard price to beat but I work fo a leasing company and I can do this car for $519 a month for 36 month and 10,000 miles per year.

archivist

Hi gang:

Just got an 2008 RDX Base w/1620 Out of Pocket:

33645 Gross Cap Cost w/Mats, Wheel Locks, Cargo Tray & Splash

999 Cap Reduction
146 Multiple Taxes & Fees
475 1st month

36mos @ 475 10K/Yr incl Tax (442 + 34) - 19668 Residual

Not quite as good as I've seen but better than most using a Broker
Honda Finance as Lessor. Did I get a good deal? Info available if desired.

Dave

fourmine

Ok...I'm a real novice...I just quoted from a NJ dealer- $468 per month (total with tax)...$1506 total down...36 months...15,000 miles. This is for the RDX base...is this offer too good to be true? I've asked about additional fees....yada, yada, yada,...they keep saying that's it. Is there something I'm missing? I'm a single female and just a little concerned.

jpackian

Hi,
Dealer is offering a similar deal. (08 RDX Tech)
Lease:
$1566.00 down
$507.85 (All Inclusive) a month for 36 Months/10 K miles
55% residue
Purchase:
$37443.00 (All inclusive)
$653.00 a month for 60 months (4.9%) with $3000.00 down
What do you guys think?

cdb1

Does this sound like a good deal?

2008 Acura RDX w/o tech
MSRP $33,910
CAP COST $32,956
Res Value $19,328
MF .00155
Upfront: $1260 (first pymt, bank fee, doc fee)
36 mo's/12k miles
Final payment $455
After salesperson talked to Fin Mgr again, reduced to $429

Final two lease payments on my '05 Honda Accord ex v6 6 speed coupe totalling $560 would be paid by dealer and they would then return the car to Honda, said they didn't want the car....

Also considering the Mazda CX-7

fourmine

Sounds like a deal to me. Are you paying the cap cost reduction? Where are you located? Just curious because the upfront charges I was quoted was higher. It may vary from dealer to dealer. Not sure.

rdxtech

This site helped a lot, so i figured i would post.

2 months ago I leased for 36 mo, 12k, $525/mo with $1000 down (which took care of tax, tags, fees, 1st month payment) from Turnersville Acura in NJ. Excellent dealership and highly recommended.

gr8deal

I read that it's not a great idea to put any money down for a lease, but the dealership says the $3500 downpayment is required in order to get the 2.9% APR lease special that Honda Financial is offering through tomorrow, Fri 11/30. I do fall into the Super Preferred Credit Tier, but Im wondering whether the $3500 seems a little high?

Here is the dealership's quote which includes the dealership paying my final December lease payment of $480.93.

RDX-08 with Tech Package
MSRP $37,410.00
Gross Cap Cost $37,265.50
Down Payment $3,500
Residual Value 52% or $20,201.40
Term 36 months
Mileage 12K
Monthly Payment $515

Any and all opinions on this deal are welcome!
I'm in MA and working with Acura of Boston.

archivist

gr8deal:

Personally, I think you're getting RIPPED :mad: ! I just got the base '08 from CA dealer (to Colorado) for $1635 incl $900 down plus dealer prep/trans and a payment of $476/mo incl tax. If you want more info PM me, I used a Leasing Company, so they made a 'fee' too - you should look for a new Deal-er :lemon: !

Archivist