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2013 and earlier-Acura MDX Lease Questions
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36 month, 15K miles.
MSRP: 45210.00
Price: 43837.25
Residual: 22855.65 = @ 50.5%
Factor: 00122
Payment: 723.97, including 9% sales tax
I live in Baton Rouge - any thoughts on these figures will be welcomed. For those of you in other parts of the country, SUV's in the south are extremely popular, but I still have concerns about price. Also not sure why MSRP is as high as quoted since I think it should be 44.8K.
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Thanks for the reply. Is there a specific way to buy or negotiate the price for additional milesup front on a lease. Do you have any idea what the cost is or should be? Thanks
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36 month lease with 12,000 miles per year
2006 MDX Premium
Money Factor: 00122
Residual: 57%
Monthly payment includinng tax: $454.31
Acquisition Fee: $595
Tax: $53.55
Tag and Title: $163.50
Down: $1264.36
Gap Insurance
20 cents per mile overage
Considering the MDX will be redesigned for 2007, does it make sense to wait until September or so to get a better deal? Any thoughts?
I did this on my current Mazda 6 and couldn't be happier. If they do offer it, do you know the resd and % rates?
Thanks!
Scott
MSRP as Equipped: $44,815
SELL as Equipped: $39,500
Annual Mileage: 15,000 miles
Lease Factor: .00122
Residual: $22,855.65 (51%)
Monthly Payment: $573
Amount Due @ Signing: $1,045
Breakdown of amount due @ signing:
1st Month's Payment: $573
Documentation: $398
Reg/Tag: $74
Total: $1,045
I'm okay with the payment but not the out of pocket expenses. Are these customary or negotitable? I don't want to let a good deal get away. Help Car_Man!
could you please provide us with june's:
money rate, residual.
also for a 2006 MDX Touring with Nav - 15K year with selling price at invoice.(i guess around 39,000)
also for a 2006 MDX Touring NO Nav - 15K year with selling price at invoice (i guess around 36-37,000)
also what are the incentives for purchase?
thanks
sluri
Could you please help me (us) with the question above, i got a few offers and i need to tell them something, but everyone is shady and you are the only one we can trust......
please help!!!!!!
sluri
(not really that urgent but I am sure it makes you feel like a superhero)
are you still with us? in addition to the question on top, edmunds now shows 1000 to dealer incentive with no limitations (lease or finance) is this true?
thanks
sluri
Sluri
Wanted to see if I got a decent offer. Hopefully this is enough information:
MSRP: $43315
Sale Price: $39074
12K Miles/Year
Trade Allowance: 7500 but still have 8200 remaining in payments, -700 Diff
Monthly Payment: $598
No $$$ due at signing
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sluri
$40,565 MSRP
36month 10k/yr,
$36,917 Net Cap Cost
57% Residual
.00122 Money Factor
$2200 down (including 1st payment, 6.5% tax, $188.50 tag/title, $599 dealer fee, $595 bank fee and $935 cap cost reduction) to make the monthly payment
$478.16 Monthly Payment including tax.
Another dealer said he would beat that at $2200 down and payments would be $468.60 including tax. $10/month savings taking a few hundred off the Net Cap Cost.
i can give you the salesmans name, dealername etc. since it is illegal to do so here.
sluri
sluri
Acura is once again offering this Lease special and definately like to go for it. I came across this forum checking for articles on leasing and buying new cars.
Anyway, what I've been reading so far sounds real good to my ears. Selling price close to invoice, payments less than 600 a month. That's exactly what i'm looking to get, if i can. So my question to use is where do i start, or what should I do first?
FYI: I'm located in NC and I'm looking to get '06 MDX with Nav and RES.
Thanks in advance - mr_bostitch
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I was quoted the following on a 06 MDX with navigation and satin side-steps: MSRP 43715, Negotiated Price of 39,487 but the sidesteps were later on residualized on the lease worksheet which brought the MSRP up to 43,715 from the usual 43,315. It is a 36 month term with 10K per year and a RV=56%, and the aforementioned rate of .00122. The initial payment is 2298.72 including the first month. He has quoted a price of 523.38 with the residual value of 24480.40. Is this a good price in St. Louis, MO? I think it is beating the Lease Special but the upfront money is a concern.
Would it also apply regardless of how many miles are allowable per year - I understand that the residual value will change and therefore the cap cost would change if the annual mileage allowance changes, but would the money factor stay the same?
I have a 2003 TL finishing lease in Oct. I negotiated the 360/month payments and a buyout of 15.5k at the end. I was scheduled for 15k a year, but I've only driven the car 25k thus far. Here's my dillema - I want a new lease either for a TL or MDX. However, knowning that my car is worth about 3-4k more than the buyout, I don't know how to handle the lease closure. Here are the options that I have been able to come up with:
Option A: Sell the car, use the profit to decrease the monthly payments of a new lease and keep the 15.5k. Is the market really bad right now for used vehicles?
Option B: Bring it to the dealer and try to somehow trade it in for the MDX. I've contacted one dealer thus far and he told me,"We have a ton of these anyway that we're buying at Auction for 16k, so it's not beneficial to trade." Is this really true.
Option C: Buy this car(I love it) and get another Acura (either MDx or TL, I can't decide). Hope they give me a decent deal on a new lease.
Thanks,
Also, what is the residual for 36-month / 12K lease?
THANKS!!
SELL as Equipped: $35,500
Lease Factor: .05225
Monthly Payment: $572.50 (includes tax)
Total Due At Signing: $900
I was told that the sell price includes a portion of the dealer hold-back.
THANKS!
If you are concerned about the amount of money that you will have to pay at lease signing, insist upon not making a capitalized cost reduction. If you don't pay one, all you will have to pay is your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, Honda Finance's $595 acquisition fee, and any required state taxes or fees at signing.
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Your vehicle's mileage allowance will not have any impact upon its money factor either, but it will have an impact upon its residual value. Changing mileage allowances will have no impact upon your vehicle's capitalized cost either, just its residual value. Vehicles that are leased through Honda Finance for 36 months with 12,000 miles per year have residual values that are 2% higher than its 15,000 miles per year residuals. Vehicles with only 10,000 miles per year have residuals that are 3% higher. The lower your vehicle's mileage allowance is, the higher its residual value will be, and the lower its monthly payment will be.
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