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2013 and earlier-Acura MDX Lease Questions
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what would a 2010 mdx advance with ent pkg, 15k/ year 3 yr residual be? I assume the money factor is .00145.
thanks very much for the reply
36 months- 10k miles
Payment w/tax (7%)- $567 month
Bank/Acq Fee- $595 [ Is this fee negotiable or do all dealers charge this?]
Doc Fee- $275
Total due at signing w/ all taxes,fees and 1st month payment- $1950
Residual- 58%
I believe the selling price was $40,300. They are also installing a roof rack- no charge.
The only concern is I live in NJ and need the car to perform in the snow. I've read terrible comments about how the Bridgestones handles in icy, snow conditions. Do I have a chance at getting the dealer to switch the tires to the Michelins?
Thanks.
OFFER 1:
Cash down $ 1179
Purchase price: 42,985
monthly pmt: 662
OFFER 2:
cash down $2075
purchase price: 43,700
monthly pmt: 640.
How does this make any sense? I've always read negotiate purchase price, but the one with the lower purchase price is the higher monthly pmt. I am assuming that offer 1 is rolling some of the upfront costs into the lease payment. That is the only thing that is logical. Any insights out there? Which is the better offer or are they essentially the same?
'10 Base at $43,040 MSRP
Sell price: $38,991 (including freight)
MF: .00145
Res: 58%
total out of pocket: $3500 (includes $1226 VA sales tax, $595 aqc fee, $345 dealer fee, $463 first month, $120 tags, balance went to reducing cap cost)
Monthly: $463
Extremely happy with this deal
It seem the lots are starting to fill up with some models of the MDX. The base and Tech Entertainment seem to be the most plentiful. The Tech has been a little short on supply in the last couple of weeks. I saw a whole truck of them being unloaded yesterday at a dealer.
Mdx 2010 with Tech Package
12k 36months $2500 down payment
This is for california sales tax bracket 8.25%
Is it a good deal?
money factor should be .00145 and residual is 55%, How much are you paying for the MDX?
2010 Base MDX
12K/ 36months
$750 down (first and fees)
$598/mo OTD
Is this a good deal?
If you pay invoice for the MDX that would be $39,500 and that is pretty common right now. Then you have a $595 fee added for Honda to start the lease. So your cap cost would be $40,095.00.
Then the residual value is 58% and the money factor is .00145.
Cap cost 40,095 minus residual 25,172.00 divided by 36 months = $414.52
Than cap cost 40,095 plus residual 25172.00 X .00145 = $94.63
Payment $509.15 plus your state taxes in Ohio. I don't think you have almost $90 per month in taxes. You're paying almost $3200 over the 36 months more for the MDX than I have figured
$44,715 with $2500 trade and an MF of .00370 and payment of $728 (due to slow payment credit history). Is this a good deal?
36mo lease, 10K / yr
$4000 down - 2471 cap cost reduction, rest registration/tax/first payment/fees
$45926 cap cost, incl 595 acq. fee
$26739 residual
$566.10/mo before taxes, $621.29 with taxes (yay California!)
36 month lease, 10k / yr
$2,100 down
$768 per month
I'm a newbie to this forum. Looking for some good advice. Anyone have any NY or NJ comparisons on this vehicle?
He's now offered:
36 month lease, 10k / yr.
$2,000 down
$719 per month
I'm still not sure if this is a good deal though? thoughts?
What are the current rates on the MDX? Specifically for the base on a 36 month, 10000 miles/yr lease.
Rule #1 - Never mention you are interested in leasing the car until after you have negotiated your best price. Many people don't realize they can lease a car at or below the invoice price. Never lease off the sticker price. This is very important because your lease will be based off of your cap cost. (The final price of the car +TTL) Always negotiate off your lowest bottom line price.
I always let the salesman think I am going to buy the car for cash, and only begin talking about a lease once we reach a final price. Don't bring up leasing until after you have negotiated a final cash price. A salesman is not going to give you his bottom cash price if he thinks you are going to lease.
Rule #2 - Never start the conversation with the salesman by asking him for his best lease rate. His best lease rate is never going to be your best lease rate, and you may have no idea what price he is basing his figures on, especially if you put money down. Which leads to...
Rule #3 - Put as little money down, if any on a lease. Any money you pay up front on a lease is gone for good at the end of the lease. You are throwing money away by paying thousands up front. Remember, you don't own the car, you aren't building up equity. Generally, every $1,000 you put down will reduce the monthly payment by approx. $20. That's $900 over the life of a 3 year lease. Also, if you total the car, the gap insurance will not cover your down payment.
Rule #4 - You will get a lower lease rate on a car that has a higher residual rate. The residual rate is how much value Acura thinks your car will have at the end of the lease. Your lease is based on the loss of value. If you're lucky enough to have a lease rate with a 58% residual, then you are leasing off of 42%. The residual rate will drop when you increase the annual mileage from 10k to 12k to 15k per year. More miles means less value.
Rule #5 - The good news is the residual rate and the money factor are set by Acura and the bank. You don't have a choice. Therefore, your most powerful weapon is leasing off of your lowest negotiated price.
10k miles
3 year lease
$2,000 down
$615 month
what do you think?
12k miles
3 year
$2000 down
$621/month.
I think that worked out to about $300 over invoice, and I was ok with that.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Dealer one could also be adding a higher doc fee or marking up your acquisition fee as well. If that was the case, the selling price that it was charging you would be lower but the total amount financed would be more.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I've read through a number of the posts and I haven't seen one with the same make/model however it seems I should be shooting for a $600 to $700/month payment. Here is what I am looking for.
36 months / 12,000 miles a year
No money down
I've got great credit so I should qualify for top tier.
Any thoughts on what I can expect for the money factor, residual value, and monthly cost?
Thanks in advance for your help!
According to my calculations, if you were to lease a 2010 Acura MDX Advance with Entertainment that has an MSRP of $54,565 and a selling price of $50,537 ($500 over invoice) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $692, assuming that you qualify for its top credit tier.
I used a money factor of 0.00151 and a residual value of 55% to arrive at this payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Anyone have the money factor and 36 month/10K residual value for a 2010 MDX Advance?
Appreciate any info!
Can you provide me an approximate lease payment based on a 2010 MDX w/ Tech with 18,000 miles per year and a cap cost of $42,900? Please let me know what the residual value and money factor are.
Thanks
i'm looking to lease a 2010 MDX with technology.
what are the residuals and money factosr for 10K and 12K miles per year? does acura have bank fees or the like?
thanks!
Suggestions on how best to proceed?
Thanks!
MSRP $43,040
LEV: 59% (10K miles/yr)
MF: 0.00151
36 mo lease
Initial cap cost: $42,024.60
Acq fee: $595
Adjusted cap cost: $39,812.86
Cash due: $4088.17
Base monthly lease: $499.00 plus tax
I ask if they can do better and the guy said he could make it $499.00 tax included (same cash due at signing).
I'm trying to get $499 with tax incl/month, 12K miles/ yr, with $3000 cash due. Can they accept it? We have tier 1 credit score.
Can you advise if this offer is a good deal? Thanks for your help.
Aim for: $550 w/tax included and $1500 (inception fees) due at signing. At least that is what I've been able to get from NY dealers. In NJ, I've found two dealers who are willing to go to $530 with taxes. My sales tax rate is 8.875%.
$550/month is $50 extra per month, X 36 months = $1800, plus $1500 down, this means your deal works out to be $3300. Our proposal would be $3K out of pocket and $499/month. Our sales tax is 6.85%.
Is this correct?
You should aim for/or do better than the numbers I posted.
Since your tax rate is lower, you should be able to get a lower monthly payment than me. Also don't pay anything at signing except the inception fees (Bank Fee, DMV, First Month payment). So far the best deal I got was the one I mentioned above from a NJ dealer, $530 a month with only the inception fees at signing.
12K lease, tech package
$2900, includes taxes, DMV, aquisition fees.......
$648 a month
What do you think?