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2013 and earlier-Acura MDX Lease Questions
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I am looking to lease a 2012 MDX tech package with 10k per year. Can anyone tell me the best lease rate they have gotten so far? I do not want to put any money down, so I will split the $2500 down between 36 months,bringing the total to $570 per month, (Acura requires $2999 down but that includes $499 for the first months payment if you get the base model). So on top of the $570, how much more should I be paying per month for the Tech Package?
(1) Acura website financial calculator says that the monthly lease payment is $1,030.94 for a 10,000 mile/year, 36 month lease. What is the money factor and lease end value of this lease?
(2) Does the lease include gap insurance (i.e., the insurance needed to make it whole if the car is totalled or stolen during the lease period)?
(3) Does the lease give any restriction on driving to Canada?
Many thanks.
$499 a month
2400down
this is for the base 2012 mdx.
Is this a good price? i havent shopped around yet. I am located in NY.
I need a car asap so i will probably purchase the car in the next few days.
appreciate your thoughts/opinions.
Thanks all!
wing5nut
Just wanted to research some numbers and stumbled on this thread and wanted to ask about the figures I received:
$560/mo
$6300 down
Extras included:
Tow package
Roof Rail Package
Sport RB
After reading, I noticed that many have lower monthly payments and low money down. I wanted to know what factors led to this. I am signing this with my wife who I believe is considered a preferred / was able to receive 1.9% APR to Finance the same car, but we opted because of the figures.
Any comments welcomed, should I keep working on a better deal.
I think the $6300 is way tooo much to put down. Here is the thing. Acura has a national sales program going on stating that the down payment is $2999, which includes the first months payment of $499, then $499 per month for a base model. Now, with the tech pakage, the difference in price is $3675, of which you should not be paying for all of this since you are only leasing the car. since you want the tow package, roof rail system, and the sport rb, you should not be paying full price for all these item as well because once the lease expires, all of these items now belong back to Acura, so you should only be paying for a fraction of these items in your lease. I was always told to never put any money down and have a higher monthly payment instead, because if the car gets stolen and totaled, you will not be able to recoup the money you have put down for a lease. But $6300 is way too much to put down, unless you are looking for lower monthly payments. I personally feel you are getting a horrible deal.
Me and my wife are opting to lease due to the higher down payment required for financing the car. Looking at our budget, the figures and monthly payment is where we want it to be, even though the down payment is high. With regards to the optional accessories, they are all "Included".
Also depending on how revolutionary the next generation MDX will be, there is a strong possibility that we will buy the car at the end of the term. Will I be overpaying or are these terms acceptable?
After some clarification, here is the new rundown of my lease:
$3628 Down payment
$2111 Sales Tax
$560 1st mo
$173 DMV fees
--------------------
$6472 Total
I totally misunderstood the breakdown. With the numbers what do you guys think of this lease offer. Thanks again for the opinions / recommendations.
sti2dmx, I am sorry but I think you are totally getting ripped off. Even if you have bad credit, this deal is just not good in my opinion. You have to shop around and get another quote, as I too was given ridiculously stupid quotes. I was given a quotes for a lease that were $80 higher than the Acura Lease program for no reason, and the manager acted as if I was wrong in asking for what was advertised on Acura's website. some people are great, and other's are not so great . I am not looking to get the deal of the century, but I am not looking to get ripped off either.
Thanks for the heads up, spoke to them again found out some new info and told them that I was not satisfied with the offer. They were adding that extra 2k for options. So I asked them to rework the offer and this is what I have so far:
sale price $44200 tech w/o accessories - $26339 residual value
after plugging it in the lease calculator with MF of 0.00143 im getting $601/mo with taxes and if my math is correct, $558/mo without tax? at $0 down payment.
Thanks again, you have been a tremendous help.
the internet manager at clinton is the one who gave me the price. At lehigh valley acura, I got the same deal plus I got them to throw in black roof rails as well. But what I figured out yesterday was that if you put $0 down, then you end up paying an extra $200 and some dollars extra on taxes, since your monthly lease rate is higher, you end up paying more in taxes. So it is a toss up. Sadly to say, I have some credit issues at the moment, so I was denied by Acura financing for an MDX, which is my loss becuas I have had 2 MDX's since 2007. So I ended up leasing a Jeep Grand Cherokee Overland for $471 per month without taxes with $3500 down(which includes first month's payment). It is not an MDX, but it will do for now and 6 months from now I will get another MDX. Hope this helps.
I think you can do better than $671 for that package. I think $645-650 is what I am thinking. The MSRP difference between a tech and tech + entertainment is $1900. Remember, MSRP not invoice price. Invoice is $44,466 according to edmonds.com. So, taking that into account and what I have said on previous comments, $645-$650(inclusive of taxes) is as high as I would go, or I would walk.
Acura's February buy rate lease money factor and residual value for a 36-month lease of a 2012 MDX Advance with 15,000 miles per year are .00126 and 51%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
I believe that Acura leases do indeed include gap insurance at no additional charge.
I don't think that you could move to Canada, but I don't see why you wouldn't be able to visit there in your leased vehicle. I haven't really looked into this issue though so you might want to ask someone at Acura or the dealer to make certain.
Car_man
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Car_man
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wing5nut
Terms - 36month/10k mi per year for $609 including tax.
Out of pocket expenses would be approx $1900 (1st month, Bank Fee, DMV, Doc). I'd like to get the Entertainment package as well (simply for the DVD) but have yet to price this out (I'd also consider just adding it after mkt).
This is before I have even attempted to haggle and for top credit which I am unsure I qualify for.
How do these numbers look?
thx
Terms - 36month/10k mi per year for $609 including tax.
Out of pocket expenses would be approx $1900 (1st month, Bank Fee, DMV, Doc). I'd like to get the Entertainment package as well (simply for the DVD) but have yet to price this out (I'd also consider just adding it after mkt).
This is before I have even attempted to haggle and for top credit which I am unsure I qualify for.
How do these numbers look?
Car_man
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I was wondering what the current February lease rates (money factor/residuals/etc) are for a 2012 MDX Tech w/entertainment for a 36 & 48 month lease with 10k miles a year for A+ credit. Thanks for the help.
cgib2000
I am also looking for February buy rate lease money factor and residual value for a 36-month lease of a 2012 Acura MDX Tech with 10k miles per year (no accessories) for Super Preferred customers.
Also, is Acura providing any cash incentives?
I'd appreciate your help as I am trying to work out details in the hopes of pulling the trigger any day.
Thanks!
Currently being offered $609/month, 2k out pocket incl 1st month pmt, bank fees, dmv, etc.. on a MSRP of $47490 (NJ tax is 7%)
I'm thinking of getting the 2012 base Mdx on the current deal of 36 mo 10 k miles 0 down 540/month 1st month free
The cost this is calculated on per the Acura site is 43300
I was able to get them to make it 12000 miles for the same price (just gotta pay dam 8.75 ny tax title etc total 1800) - 6000 miles at 0.10$ per mile is $600 over the course of the lease saved
Is this a good deal (not sure of money factor but I qualify for best tier)? Anyone able to pay less?
Is the total cost negotiable for these manufacturer deals?
Anyone get an upgrade to tech or advance under this deal and if so how much?
Thx so much hoping to pill the trigger Monday
You definitely don't want to lease this truck for more than 36-months. That's the longest term that its special lease money factor is available for.
Car_man
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Acura is not currently providing any dealer cash on the '12 MDX.
Car_man
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I'm interested in leasing a 2012 Base MDX and would like to know the March money factor and residual for a 36 month, 12k mile/year lease. Also, are there any incentives, dealer cash, or any other promotions for Lessees or Dealers that apply to a lease like this?
Thanks!
Acura's March buy rate lease money factor and residual value for a 36-month lease of a 2012 Acura MDX Base with 12,000 miles per year are .00090 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Acura is not currently providing any dealer cash on the 2012 MDX.
Car_man
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Acura have special on the base model (MSRP $43k) at $560 a month with nothing down.
Could somebody give me a ball park figure that would be a good deal on a technology package with same terms MSRP $46,600 and the tech / entertainment package MSRP $48,500.
Any tips appreciated - thanks!
Do you have the data for money factor and residuals for the 2012 MDX with Tech or the Advance packages now that it's March? 36 month term and 10k/yr. Strange thing is that Edmund's says that there IS a lease deal (at least on Tech pkg) but Acura site only mentions deals for base?? :confuse:
Strange how it's disparate. Thanks in advance!
Ron
Today I was quoted $589 month + tax. Is this a good price or is there more to negotiate?
Do you have the current money factor and residual value for the 2012 MDX tech 36 months with 10K and with 12K miles? Thanks in advance!
Nick
Do you have the numbers for 10k miles?
Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your payment using Acura's current buy rate lease money factor of .00090. That factor is for consumers who qualify for its top credit tier.
Car_man
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The numbers for an otherwise identical lease of a '12 MDX Advance are .00090 and 53%.
This money factor is good on all MDX trim levels, but Acura is just advertising the deal on the base.
Car_man
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The residual value for a lease with only 10,000 miles per year would be 1% higher.
When negotiating your deal, make sure to take advantage of the $750 dealer cash that is currently available on leases of this truck.
Car_man
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I got a call from the original dealer offering a trade up to a 2012. No out of pocket. Same terms as my prior lease. The new offer is:
2012 Acura MDX Tech
M.S.R.P. $47,490+Fees and Accessories
Lease Special Pricing $44,300+Fees and Accessories
36 Month 10,000 miles per year lease
Residual Value $26,119.50
Acura Promotional Money Factor .00090
Zero out of pocket expense, just taking your MDX in trade.
36 Months $581.48 Tax
Monthly Tax $46.52
36 Months $628.00 Including Tax
(Technically 35 monthly payments, as your first monthly payment would normally be made at lease signing, but is waived under this program)
Any advice on how to determine if this is a good deal? Seems fair enough. (I posted this on one of the other threads, but this seems like the better place to ask..on the other thread one suggested that I am not getting compensated for positive equity from my trade...I'm not sure how to approach this request to the dealer logically if that is the case) Thanks,
I traded up my 2009 Base earlier this year for 2012 MDX Base. Same payments $ 479/M 12K, 36 Months. $0 Down. I had 3 payments remaining on my lease. Acura threw in 4K additional miles so I have 40K miles now.
I am looking to purchase a MDX 2012 Technology Package with the following options:
Sport Running Boards
Roof Rails - Silver
Body Side Molding
Tri-Fold Cargo Tray
I have only visited one dealer sofar and below is the offer I am getting for 36months lease @ 10k miles per year:
$658/month including taxes and fees for 35 months
Residual Value: $26,340
Total Price of the vehicle: $45,151
Any idea how far can I go. Thank you very much for your help.
It has 55k miles on it (I am a little over my 15k per year allowance).
Here is my question.
The payoff is $22k
KBB shows it's value in the good category (it exceeds that description, but I assume they will go a grade down) at about $27k
Here's something odd, the KBB value directly from the AFS site shows it's trade in value at $22k, that's a bit misleading.
Trader Online's value shows it at $26k and change
Anyway, here's the question.
If I trade in the MDX towards something else, I'll have $4 to $5k in equity to roll into something new.
If I turn in the MDX, I get nothing, right?
What if I buy another MDX, do they factor in any of the equity, or do they just give me a little benefit for being a repeat customer?
I'd like to hand them the keys to my 2009, get a new 2012 Lease with Tech package and 15k miles per year with nothing out of pocket.
With perfect credit, where does that put me monthly?
Thanks
Please tell me the residual and base money factor for a 2012 base MDX, 36 months, 10,000 miles per year.
Thank you!
hpowders
599/month 36 months totally zero out of pocket all taxes included in 599 installment..12K miles per year
residual is 53%
lease end buy out is 26300$
please let me know if this is a good deal