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2013 and earlier-Acura RDX Lease Questions
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thanks
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Let's take a look at the deal that you were offered. The dealer invoice price for a base 2008 Acura RDX is $31,220. If I was in the market for this vehicle right now, I personally would shoot for a selling price of around $500 over invoice, or $31,720. You provided the net capitalized cost of the vehicle that you want in your post. This is not its true selling price because it is probably after any capitalized cost reduction that you are making is being taken into account. It is actually in your best interest not to make any cap cost reduction when leasing. Lessees who make down payments on leased vehicles risk losing part or all of them if their car or truck is totaled in an accident or stolen and never recovered. Go with a zero down lease (only 1st month, security, acquisition, & taxes at signing), aim for a selling price of $500 over invoice, and make sure that the dealer uses a money factor of .00125 to calculate your monthly payment and you are in business. This money factor assumes that you qualify for Honda Finance's top credit tier.
Car_man
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get to this numbers the better your lease.
we leased all of our family cars from them including my new rdx tech.
all you do is call them and ask to give you quote over the phone.
just tell them how much money you can put down.
Their price is alot lower than any dealership i went to.
Good luck!! :shades:
Car_man
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Sandy
seisnitz@aol.com
MSRP $33,910
Sale price $31,720
Acquisition fee $595
Sales tax $300 (SC max)
Other $288
MF .00125
12,000 miles per year, 36 months
57% residual
$442 per month, only paid first month's payment to drive it home
I think I could've done better, but I got myself into a time crunch. I showed up at the dealer the evening before I planned to drive home for the holidays and I wanted to take it instead of my truck.
Anyone in the area, please email me ray@wassef.org with dealer name and details.
should i be expecting $450-$470 monthly range as i've read here...
I'm in NC. I've received the following offer and am wondering the usual--good deal, or should I be able to do better?
RDX tech with splash guards, cargo mat and wheel locks:
selling price: 34995
money factor: .00155 (he didn't quote me on tier one)
residual: 58%
cap reduction: 0
36 months/12k - $560
36 months/10k - $549
I could also get the non-tech, same terms as above, for:
Sell price: 31895
36/10k - $468
36/12k - $478.
They're willing to sell me the RDX tech for 34100 and the non-tech for 30900, but their lease prices were higher. I have not made a decision yet; please let me know your thoughts on this deal.
Sale price: $34995, 36 miles/10k
Options: wheel locks, cargo liner, mud guards, body molding, cargo net --and dealer left the cargo mat in the car as well, bonus!
Residual: $20575
Money factor: .00125
$1500 down (including trade) to cover fees--tax, tag, etc.
Total monthly payment including tax: $487.61
The deal was smooth, easy and completed over the phone and Internet. I was initially quoted about $20 more per month, but I'm told using a trade made a difference, plus they calculated my first payment off a higher money factor before realizing I qualified for super preferred credit. I am not concerned with the miles per month because I sell my cars myself at the end of the lease term, so I went for the lowest mileage to get the lowest monthly rate.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
(this seem higher than when i plug the numbers in to a calculator)
08 RDX TECH package (MSRP $37,410.-) selling price $35,500.- residual 52%, lease factor .00090 monthly payments $546.64 sales tax included, total of $596.64 out of pocket.
(this is better than the numbers i get with the calculator)
Thx
On the second one... Re-calculate.. I think you'll find that if you add $595, that one will come out within a couple of dollars, as well..
6.5% tax in Hamilton County, right?
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What is the annual mileage allowance for those residuals?
Over the phone salesman said 12K miles for 36 months.
I am tempted to jump this weekend.
danielle
Base Selling Price: $31,730
Tech Selling Price: $34,950
"Based on the current lease program from AHFC, a 36-month lease for 15,000 miles-per-year on a new 2008 RDX would be about $430-440 per month.
This is an extremely attractive lease offer with a .00090 money factor.
Add ten cents per mile for any up-front additional miles added to the lease. Add about $50 a month for the Technology package model. We are figuring this on $1999 due at signing."
Thanks!
MSRP 37,410
INVOICE 34,429
CAP 35,230
RESID 52%
MONEY FACTOR .0009
PAYMENT 538.38
I plan to add a roof rack, running boards, and splash guards, installed for $1,224, which brings the payment to 569.87. I have committed to a vehicle that is scheduled to arrive in roughly 10 days.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2008 RDX Tech w/ 'Pro Pack' accessory (All season floor mats, wheel locks, wheel well mouldings, door edge mouldings, and trunk tray.)
36 months/10,000 miles
Net Cap $35,662 (incl. aquisition fee of $595)
53% Residual
.00090 Money Factor
Payment of $487 + tax = $530
This is with $941 out-the-door
Another dealer says that the $595 aquisition fee can be waived on these special lease deals fom Honda Financial but I've yet to see this reflected in his numbers...
Has anyone been able to negotiate out of the $595 aquisition fee?...
Is this quote as good as we can probably get? They claim to be losing money on it.
Your input is very much appreciated!
Car_man
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Car_man
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Honda Finance charges a $595 acquisition fee on every vehicle that it leases. Individual dealers are not allowed to waive this charge and I am not aware of any special promotions that Honda is running that would eliminate it.
Car_man
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Immediately fell in love. Had just left the Honda dealership to compare the CR-V, and the choice became a no brainer.
So I'm in an incredible lease on an awful car (Saab 9-7) and told the sales manager.
I said I'm getting an RDX in the fall when my lease is up. He said what would it take and I told him a $0 drive off and $450/mo on a 12k/36month on a new RDX with Tech Package. He said he could do it.
I really don't have the time to sit with this guy to have him run a bait and switch but if he really can give me that deal, it seems like it's impossible to beat.
Thoughts?
Thanks.
-DOC
MSRP 37,410 with tech package
Dealer says: 35,290
555.13 Tx
595 acq fee
53.55 tx
163.50 p & t
1367.18 out of pocket
Lease 36months 15K/year
.00090 = 2.16%
50% residual
509/month lease
Does this sound right?
The RDX looks like the replacement for me. I love the vehicle, wanted something with a sporty ride but better gas mileage.
I've spoken to 2 dealers. Springfield Acura offered RDX with Tech for $498incl. NYC tax/2000 out of pocket on a 36 mos/12K lease. I walked out.
DCH Montclair Acura broke the numbers down a lil further to me. Invoice with Tech is 34,430, 595 acq fee is standard. He says the residual is 52%, money factor is .0009 They want approx 1500 (1st mos, acq fee, plates & BS) out of pocket with a payment of $508 tax included.
I went on Honda Financial, got pre-approved. Just trying to squeeze the best deal I can at this point. Optimally, I would love to secure a sub $500 payment with just $1000 out of pocket. However, looking at the numbers, I'm not sure this is possible.
Re-examining at dealer #1 offer. Based on all factors, I should be able to get them under $508 with $1,500 out.
Any thoughts?
Thanks
How much should I expect to pay over the invoice? Are there any incentives? What is the best deal I can get now?
Between RDX and BMW X3, which is a better car and which I can get a better deal on?
Thanks!