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2013 and earlier-Acura MDX Lease Questions
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Thx.
Car_man
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If I had to make an educated guess, I'd say that its pre-pay money factor discount would be around .00080. The .00071 money factor that you were quoted looks about right for an advance pay lease to me. Honda Finance's current buy rate lease money factor for a normal 36 month lease of a 2010 MDX is .00133 for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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This is why I usually do not get any dealer-installed options on my vehicle when I lease.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a 2010 MDX with Tech are .00133 and 53%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Honda Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX with Tech and Advance and 12,000 miles per year are .00133 and 53%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Here's a description of what the '11 MDX will be like from automobile magazine:
2011 Acura MDX
Car_man
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Thank you!
Thanks alot. But last week after thinking about it, I decided to pull the trigger and make the deal . I feel I got a fair deal on the following;
2010 MDX Base
36 months
59% residual
.00150 money factor
Selling price $39,622.58
MF $43,090
10K miles
$1,710 out of pocket for NY DMV, doc fee, bank fee, etc...
No money down
Total payment including NY taxes = $542.51
Total cash on delivery Taxes, fees, etc..before discounts = $6,762.73
Deduct my $2,000 trade equity and deduct first payment $535.00 for a
Grand Total due at delivery - $4227.73 / $535 per month
Does this seem fair? Should I wait until August to see what the new lease deal is closer to the end of the quarter?
I am guessing .00133 and 56% based on your earlier post for a 15K lease?
2010 MDX Tech
Color: Black
Interior: Parchment
36 Month Lease
10,000 miles per year
MSRP: $46765
Cap Cost/ Sale Price: $43,246 - includes destination charge
Money Factor: .00133 Residual 56%
Acquisition fee: $595 Rolled into Lease Payment
Monthly Payment with Tax $625
Signing payment: $778 (1st month +Title+Registration)
Also the acq fee of $595 is not included in your cap figure of $43,246, correct? Meaning your total cap cost = sale price of $43,246 + acq fee of $595 for a total of $43,841.
Just looking to confirm before closing my own deal here in NY.
Thanks for the info and enjoy the ride!
I am also looking for MDX Tech pkg. in NYC. Let me know what you get on the leasing.
thanks
Honda Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX with Tech, Entertainment, and 12,000 miles per year are .00133 and 54%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Honda Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX Tech with 12,000 miles per year are .00133 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The residual value for a lease with only 10,000 miles per year is 1% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
15,000 miles per year is the highest mileage allowance that Honda Finance publishes residual values for. If you need to drive more than that, 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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I think the lease program changes again sometime in August 1st week, do you think there will be major changes?
Thanks
Acura MDX Tech package, including sport running boards, body side molding.
Monthly payment $655
Out of pocket $1,700 ( bank, DMV, 1st month).
36 month, 10,000 miles.
Brooklyn, NY. Plaza Auto Mall.
Thanks,
Chintan
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We are looking to lease a 2010 Acura MDX base model. We have not dealt with Acura for our leases in the past, so I'm wondering how much play there is with these numbers?
3 yrs/36,000 miles
MSRP 43,090
Adj cap cost $38,200
Residual factor $57% $24,500
$486/mo incl. tax w/$3,700 down.
We never put money down on our leases so I am trying to reduce this a little bit.
thanks!!!!
ADV/ENT
36mnths/12k
$750/month (includes 8.75% tax)
$1495 down (includes tittle+1st payment)
Includes Sports board+roof railing+crossbars
Thanks a lot member's for sharing your information, it helped a lot.
Honda Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX Advance with 12,000 miles per year are .00133 and 53%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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The easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
The dealer invoice price of a base 2010 Acura MDX is currently $39,586. If I was in the market for this model right now, I'd shoot for around $500 over invoice or so without any capitalized cost reduction.
Car_man
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Enjoy your new ride :shades: !
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Honda Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2010 Acura MDX with Tech, Entertainment, and 15,000 miles per year are .00133 and 52%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The residual value for a lease with only 12,000 miles per year is 2% higher.
Honda Finance charges a $595 acquisition fee on every vehicle that it leases. Individual dealers do not have the ability to waive this charge.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2010 MDX with Technology Package
36 months with 15,000 miles/year
nothing down exept tax, title, fees, & 1st payment.
Thanks!
We looked at the Pilot also because of the greater cargo room and flat folding 2nd row. Didn't like the test drive at all. That 250HP engine is just too small - it made the car feel 'heavy.' I also read that the braking distances were a bit longer than expected.
What's strange about the engine is that the smaller size plus Honda's variable valve technology all add up to a whopping 1 mile/gal difference than Acura's 300HP version! If you're gaining 5 miles per gallon then maybe you're willing to sacrifice the acceleration, but 1mi/gal?!?!
Anyway, we came back to the MDX and have no regrets.
I can't answer your question about whether or not the $580/mo is a good quote without all the details. Cap cost reduction? Sales tax? Fees? Any other costs due at signing?
Do you have the current residual and money factor for an MDX w/tech 36mo @ 15k miles/year? If yes I can calculate for you the sales price the dealer is getting on the sale.
Residual = 55%