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2013 and earlier-Acura MDX Lease Questions



  • bidder5000bidder5000 Posts: 17

    given the numbers you posted would a 2014 MDX Tech package then come out to around $626 a month in California (with sales tax) on a 12,000 miles a year lease 36 months?

    Thanks, trying to figure this all out!
  • noosensenoosense Posts: 5
    Hi Car_man,

    Need your help as this is my first time leasing a car. This is actually a surprise for my wife with our first child on the way. Below are the details. I am located in NYC.

    2014 AWD with Tech Pkg
    $540/month for 39 months
    10k miles per year
    Down payment: $3,656 (first month payment, security deposit, acquisition fee, taxes)

    Please let me know what you think. Based on what I am seeing, I feel like I am getting ripped off. Thanks!
  • You're very welcome Jason. 36-months is the longest the special lease program is available for. the 39-month program is much worse.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi allaw. The residual values that you were quoted are spot on. I think that Acura Finance's buy rate lease money factor for top tier customers is slightly lower, at .00150.

    The biggest area that you may be able to improve on though is this vehicle's selling price. At a $1,150 dealer discount, you're still at $2,124 over invoice. That's a lot...even for a 2014 model. I personally would shoot for more like $1,000 over or wait a month or two because in an area that has a decent level of competition $500 to $1,000 over minus incentives will eventually be attainable on an MDX.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi zmm12345. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2014 Acura MDX AWD that has an MSRP of $45,185 and a selling price of $42,911 through Acura Financial Services right now for 24-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $473 assuming that you qualify for its top credit tier.

    You definitely don't want to go with a 24-month lease. It would be a lot more expensive.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi pd65. you may be able to get a dealer to use the equity that you have in your Touareg to cover the four remaining payments that you have on your current lease, but I personally don't think that there will be a lot leftover to apply towards your new deal.

    The payment for the new MDX that you are interested in will depend upon what trim level MDX you want, how long you want to lease it for, what mileage allowance you need, etc...

    Prices Paid: Buying & Leasing Experiences Forum
  • Hey noosense Congratulations! I haven't played with the payments extensively on the 2014 MDX, but the payment does indeed look high. What is this vehicle's selling price? I know that this is a new, completely redesigned vehicle but if I was in the market for one I still would only want to pay around $1,000 or so over invoice in an area that has a decent level of competition. I suspect that would be possible now if one were to shop around, but if it isn't it certainly will be in the near future.

    Let me know what the selling price is and either you or I can compare it to this vehicle's dealer invoice price. That will be simple to do given the way that Acura handles options. Here's a link to the pricing page: 2014 Acura MDX Pricing.

    Prices Paid: Buying & Leasing Experiences Forum
  • apocalypsoapocalypso Posts: 12
    edited July 2013
    Car Man - are you really quoting a 36 mo. lease here? You later say in this post they shouldn't do a 24 mo. is why I ask. Typo?

    "Hi zmm12345. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2014 Acura MDX AWD that has an MSRP of $45,185 and a selling price of $42,911 through Acura Financial Services right now for 24-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $473 assuming that you qualify for its top credit tier.

    You definitely don't want to go with a 24-month lease. It would be a lot more expensive. "
  • pd65pd65 Posts: 5
    edited July 2013
    Thanks Car_man!

    I finalized the deal yesterday. There was enough equity to cover the payoff on Touareg and to pay $2,180 towards cap cost reduction on 2014 MDX AWD tech package. Monthly payments at $519.00 PM/ 36 months. Paid $2,525 out of pocket towards NY sales tax + first month payment + registration. No security deposit.

    Do you think I got a fair deal?
  • noosensenoosense Posts: 5
    Car_man, thanks so much for your help. In addition to the details above, below is the additional info you were asking for.

    Cap cost: 47,759
    RV: 64%
    MF: .00170

    Let me know exactly what numbers I should aim for. I assume I will only do the 36 month lease and not a 39 month.
  • fnkyfnky Posts: 1
    Hi Carman,
    Need some input on leasing a base AWD MDX.
    The offer made to me is following:

    Selling Price: 43,000 ($2,185 off MSRP)
    Residual: 65% @ $29,370
    Term: 39 months
    Money factor: 0.0016
    Upfront fees: $595 bank fee + 1st month payment + taxes = $2616
    Monthly payment = $489

    Based on lease calculators available on the web, the monthly payment should be $468. But, understand the dealer is adding some extra cost for his own business. But is the number that he is quoting too high?

    Thanks a lot!
  • btomasiebtomasie Posts: 29
    Do we have updated July residuals/MFs for the 2014 MDX (Tech and Adv) with 12K and 15K per year for 36 months?

    I am interested in knowing the difference in the 12K vs. 15K miles.

    Also, I am very interested to know what the NON-super-duper-top-tier MF rate is, just for reference. I see within the last 2-3 pages of posts several different MF rates being referenced. So just curious to know what one notch down is.

  • ballhoggballhogg Posts: 37
    Hey Carman,

    Can you give the residual values and MFs (and expiration dates) for the following:

    2014 SH-AWD Tech, 10K miles per year
    2014 SH-AWD Tech + Ent, 10K miles per year

    I live in NYC and do you think it's reasonable to get the new MDX at $1000-$1500 over invoice?

  • kywonkywon Posts: 28
    Car_man- My lease is up and I need a car! You've been my goto for the last 10 years for my leases.

    I want a 2014 MDX Tech, 15k/mi/yr, 36 months but I'm debating on the AWD and FWD. Would you please give me the July MF and Residuals. I'm Los Angeles. Thanks!

  • I don't understand the upfront costs...why does it say bank fee + 1st month payment + TAXES? I thought taxes were paid in the monthly payment? At least I have never paid them upfront, is there an advantage to doing so? (honest question, no sarcasm implied)
  • dbmdx14dbmdx14 Posts: 4
    Hi all. Need some advice. Was at dealership in South East FL today. Wanted to lease 2014 MDX with tech, got them to $46k, sign and drive payment of $699. I have a 2009 MDX base with 60k miles on it, they were going to give me $20k, I owe $8500, equity back to me via check. I thought $699 was quite high? I walked out. Any advice, thoughts? Any help much appreciated.
  • ballhoggballhogg Posts: 37
    You have the option of paying the taxes either up front or in the monthly payment. I only pay the first month payment at signing and roll everything else into the lease. If the car gets totaled or stolen you lose the money you put up front.
  • noosensenoosense Posts: 5
    Hey PD65,

    I am in ny also. What dealership did u go to? Your total down was 2,525? If that is the case it is a better deal than mine and I will have to go to your dealership. Let me know. Thanks
  • pd65pd65 Posts: 5
    Which part of NY are you in? I went to Rallye Acura in Roslyn. I did go to couple of other dealers but, numbers were all over.

    Good Luck!
  • pd65pd65 Posts: 5
    Hi Noosense,

    BTW, Just to let you know I traded in a Touareg that payed for down payment of $2,180 + remote starter. I paid $2,545 towards tax + 1st payment + tags.

    Hope this helps!
  • noosensenoosense Posts: 5
    Hi PD65,

    Thanks! I am in long island (Nassau) and I went to Huntington. I also check out manhattan but there price was higher. My cost for AWD with tech was 540 for 39 months with the standard, 1st month payment and DMV etc. it seems like our numbers are relatively close to each other
  • Have a Texas dealer offering tech 2014 mdx 12k lease for 36 months for $519/month with first month payment upfront. I'm trading in 2012 mdx that they are trading for 30k, have 25.5k loan on that one.

    Looking at the previous posts, am just wondering is it a fair deal or what no. should I push for. I doubt the dealer is to go lower as I walked away from a 565/month offer last week and they've come back with this offer.

    Suggestions greatly appreciated!
  • Hi car_man,
    Have a dealer offering $650 on the mdx with first month payment upfront inclusive all taxes, tags. Did calculate using the residual and money factor, it seems that the best offer with 1000 off msrp would be $640. Am i calculating something wrong or is this offer reasonable?

  • sridharssridhars Posts: 25
    edited July 2013
    okay, I am not an expert but based on what I got from here - MF: .0015 and RV: 65%, for a monthly payment of 519 your selling price for TECH (assuming AWD) would be around 46500, which is not bad for an MSRP of 49460. So 519 is good. I am also assuming you didn't include tax/title/reg/fees in your numbers.
    If it is FWD and tax/title/reg/fees are included - still a very good deal.

    If your down is 4500 (trade in of old MDX) then in my opinion not the best deal.
    Let us know.
    I am going to talk to my dealer(NJ) tomorrow, will let you know what offer I get. I am comparing RX and MDX - will go with the best one
  • sridharssridhars Posts: 25
    Hi Car_Man,

    I am getting 508 /mnth pretax, if I use MF - .0015, RV - 63% for the MSRP(45K) , Selling Price(43k), 36 mnth, 15K in your posting. What am I doing wrong? Please let me know. Going to the Acura dealer tomorrow and would like to go with correct numbers. Thanks a lot.
  • dbmdx14dbmdx14 Posts: 4
    Hi Car Man

    New to leasing. What is a fair payment for 36 month/15k miles, 2014 mdx. No money down, taxes/tags/title if price is $46k? I live in FL.
  • Thanks for your reply

    I agree with you, I wasnt happy with the trade in price for my mdx. I dropped that one (btw $519 was inclusive taxes, tags etc.)

    I have decided to go for the '14 mdx with tech fwd lease with just the first month payment upfront - after much negotiation I've got one dealer down to $630 with first month advance payment inclusive all for 36 month, 12k miles. I am impressed with this one as the original offer was $749 with nothing down.

    Looks like using the mf and residual it comes to around $600-619 if I used the negotiated price of around $46500.

    I've got 24 hours to final this one so will probably go for it. The only thing is I haven't test driven the new mdx :) the 2012 model Bluetooth sucks so Im hoping the new one is better.
  • sridharssridhars Posts: 25
    Okay, Good Luck. In my calculation, even if I take full MSRP of FWD+Tech as Selling Price, the monthly comes to 556+TTL. I may be wrong.

    I will be shooting for Invoice price as my selling price when I talk to the dealer today and I know some dealerships are already somewhere in the middle of Inv and MSRP.
  • Finalized the lease at $ 630 /m with first month down inclusive all, east coast may have slightly better deals due to larger selling volumes. I know if I had waited for few months I could have got one in $500s but I'm good with this. Good luck to you all!
  • apocalypsoapocalypso Posts: 12
    FYI, just received an MDX/Tech. lease quote:

    36 months 15K

    63% residual
    .0061 money factor
This discussion has been closed.