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2013 and earlier-Acura RDX Lease Questions
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I've got dealer invoice of $34,429. You are $1,400 below dealer invoice (after $1,500 dealer contribution). This $1,400 is basically the due at signing, or it should have been. I'm not sure how you're due at signing is $792 when the acquisition fee and first month payment alone would be over that amount.
Congrats on a great deal, what state are you in?
Thanks,
Leonid
$468/36/12k
total drive out $1685
money factor is .00072
Is this fair ?
They are telling me my price is $34,014 MSRP was $36,695
I've been banging my head the last few days any one familiar with how the lease payments are broken down ? Depreciation Fee , Finance Charge and Sales Tax Right ? I used the lease calculator to double check my #'s. My most recent quote was for 36/12/ $ 462.16 1319.66 due at sign( 1st month $462.16+262.50 DMV+595 Bank Fee( Gap Ins)
MSRP: 37,410
Quote: 34,295
52 % residual (19,453)
.00072 MF
When I calculate myself and check using the Lease calculator on Line I come up with $ 482.55 doesn't make sense that they qouted me these #'s and they come up with a lower month/pymnt then I did.
Same on my first qoute
468/36/12k
MSRP: 36,695
Quote: 34,014
56% residual ( 20,549) ??? Why I don't know how they were able to show this all others were 52%
.00072 MF
They show a payment of 468 I came up with 442.24 I'm not sure where I'm getting beat on this one ?
http://www.carbuyingtips.com/regm.xls
$443/36/12K/Tech - $1,530 out of pocket
I just drove my 08 RDX with tech package off the lot. Here's the details of my deal:
Sales Price $32,357
Acquisition Fee $595
Prepaid Maintenance $500
Gross Cap $33,452
Out of Pocket $1,679
Monthly with Tax $437.35
36 months/12,000 miles
I am wondering what others are getting quoted on excess miles cents per mile. Is 20cents/mile too much?
BTW I got the RDX with tech package and love it.
Sale: $32,529
Term: 36 mo
Down: $2,500 incl all fees
Residual: 51%
Money: .00082
Payment: $457
Much higher than your quote and not sure how their math adds up.
They are nationally advertising a deal for $2499 due at signing, $399/mo., plus tax/title. This is for 10K miles/month.
When they advertise a deal like this, is it possible to negotiate below it? What should I be working on (i.e., am I trying to get them to bring the total price of the car down to something below invoice, or just reduce the monthly payments, or what?). For instance, could I tell them I wanted the same deal, but based off of Edmunds TMV pricing?
Any tips would be greatly appreciated.
$2499 down seems a little steep especially if you're not getting the tech package. I need to go back to my worksheet. You can use the Edmunds calculator and plug in the numbers yourself if you have time. I'll be happy to give you my numbers later on this evening or tomorrow.
Good luck.
any chance you can include a breakdown of your lease?
I'm looking at the following right now in NE PA:
2008 RDX Base
1,232 due at inception
461.60 monthly
36mo/36k lease
When I do the math, this is what I get:
MSRP: 33,910
Invoice (I assume this is the selling price): 31,220
Acquisition: 595
Residual : 53%
MF: 0.00082
I get 1200 at inception, 445/mo.
TTL + whatever fees = ~$160
Tax where I live is 9%
Dealer claims he is doing the deal at invoice -- I didn't bother pushing him, since either my information is wrong, or he's full of it (unless someone corrects me, I choose door #2).
Your deal would have to be about 2k below invoice. Is 1199 total drive off, or the actual down payment, and there was more $$ in addition for acquisition, first payment, etc?
Can you post the actual selling price? Is your lease through Acura or a third party bank?
I like the car, I just can't see myself paying more then $430/mo for it, and that does not look promising.
Thanks!
Tier 2 is .00132 (660-709)
Tier 3 is .00191 (610-659)
Tier 4 is .00251 (up to 609)
Multiply by 24 to figure out what interest rate you're getting.
Also your state license fee seems very low - but I live in california where it is ridiculously high so maybe you're right. I'd check on that license fee just to be sure.
If anyone has additional info please feel free to add.
Can anyone (Car_Man ?) post the tier 1 numbers for a 24 and 36 month lease with 12 and 15 k/miles?
Anyone able to negotiate a selling price below invoice? What was it? Were there exuberant dealer fees to make up for it? The dealers in PA are pretty straightforward so far -- my last lease included about $180 in TTL and doc fees (there was about a $50 mark up), so the $160 I was quoted with this lease seems right in line.
Also, I've seen some folks post links to last months sales figures for Infinitis -- can anyone help out with Acura? I am curious to see what RDX sales look like. Thanks to all helping out!
You guys still out there?
I'm in desperate need of accurate numbers for a 2/24 and 3/36 lease on an RDX.
Also, I know this is extremely speculative, but you deal with this a lot more often then I do -- do you think I may be better off holding out until the end of June to lease an RDX? current lease is up on June 10 -- I can manage for a few weeks without a car.
Any help much appreciated!!
The deal is advertised on the Acura site for NY (Zip code 10306).
399 is the monthly rent + interest (the payment is sans tax)
Monthly rent is (31209.25-18311.4)/36 = 358.27 (cap cost - residual divided by number of payments)
The interest portion is then 40.73
MF = monthly interest / (cap cost + residual) = 40.73/(31209.25+18311.4) = 0.000822
Which in turn matches the number provided by the dealer.
(sorry, don't mean to sound condescending -- just wanted to show how I did the math).
Acura's website says the deal is good through 7/7/2008, so I'm wondering if this means Acura plans to keep the current program running until then (hopefully introducing some lease cash in June to make this deal sweeter).
When I leased my last car in 2005, Acura rolled out 1,500 lease cash on the MDX on June 9th. Hoping something like this happens with the RDX this year -- the 53% residual is making the deal too expensive for me. Thoughts?
Acura of Brooklyn is now offering a cool $1000 off that deal: $1495 at signing, $399/mo for Base, $459/mo for Tech, 10K miles. This is still not as good as people were getting in NJ and Manhattan (see #420, $443 with $1530 total out of pocket -- as far as I understand, that was with tax and in April). I'll probably go there this Saturday, test-drive the car and try to negotiate.
My "problem" is that I have a trade-in: Honda Accord 2002 with lots of scratches, but under 40K miles. I want to use it to reduce the monthly payments to well under $200 for base or about $200 for Tech. So, I can't just shop over the phone: they have to see the trade-in to give me the price.
Anywho -- here's the blurp from Acura.com
MSRP $33,910.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $31,209.25.
--> so 31,209.25 is the cap cost after deducting 1505. When you visit the dealership, check the MF with them.
I've spoken with Plaza yesterday -- and about 10 other dealers. There is one guy in Jersey willing to set the selling price at 31,000 -- everyone else wants to be a little above invoice, not below.
Basically, Acura increased the MF from 0.00072 to 0.00082 going into May, and pulled $1,500 lease cash that used to be there for the Tech package.
I'm trying to get to 1,200 total drive off (all fees + 1st month) and 435/mo with 9% tax -- meaning I want a selling price of about 30,900, but no luck so far.
With a trade it gets more complicated -- so good luck this weekend. The car is a blast -- but MPG are pretty low in Bklyn (probbly around 14) so keep that in mind.
Let me know how you make out!
As far as the SELLING price goes, Acura of Brooklyn gave me a quote of $30,219 for Base, $33929 for Tech. Would they use that as a lease Cap Cost -- dunno, will try. Of course, BUYING a premium-gas SUV with god-awful mileage in the current oil market is outright crazy... maybe that's why their quote is so low.
Question: do you happen to know a decent salesman at that dealership? Last time I worked with Valeriy; this time I'm handled by Sydney. I don't like either; don't wanna go into reasons why.
Acura is offering $1,500 in marketing support -- but it can't be combined with leases/financing. I've had "quotes" for 29,600 -- too bad that's not the number used for cap cost. .
Also, their service department is pretty horrible, so if you are planning to get the car serviced by a dealer and you are close to another one -- may be worth extra $5-10 a month to know that you will actually get a loaner if you ever need one, etc.
I just called a guy at Curry in Westchester. He gave me the boilerplate $399/$2499; with a trade-in valued at $8000, it's $250/mo for base (including tax). Very bad deal, I didn't even bother asking for details.
By the way, he said that in NY State the tax is paid not just for the monthly payments, but also for anything used to reduce those -- including a trade-in. :-( Maybe I should just sell the car on e-bay then.
Car_man
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Thanks for helping out!
I figured I had nothing to loose by waiting until June -- and it's possible my hunch was right. I got a call this morning from one of the dealers I've been talking to claiming "amazing deals" on both the RDX and MDX in June. When I tried pressing him for the numbers, he admitted the residual and MF have stayed the same as in May (53%, 0.00082 on the base). He refused to disclose rebate info, but did come back with
1200 total out of pocket
419/mo for a 36 month lease with 12k a year and 9% tax included for the base RDX.
My calculations are a couple of bucks off (I'm too lazy to model this exactly right in Excel), but I get a selling price somewhere around 30,400 from his offer (that's including destination). Last month the best I was able to get was 30,900. Would you be able to shine some light on any new lease incentives Acura has rolled out this month (on both base and Tech -- they had one specific to Tech back in April looks like)? The price looks good, but if Acura threw $1,000 at this truck, I see no reason to split it even with the dealer.
Thanks in advance,
(and to all the dealers out there -- yes, you do deserve to make money. Just no reason to make more money now compared to last month.)
Can you tell me if this sounds like a good deal on 2008 RDX with tech package.
Quote includes sport running boards, roof rack, and standard wheels with chrome finish.
36 month lease. 12,000 miles. $950 total cash at delivery. $530 per month which includes tax. My tax rate is 7.75% (Orange County, CA).
Thanks.
I was told that MF is .00082 and residual is 51%. I was also told that Acura is offering $1000 dealer cash on the RDX beginning June 3rd.
MF = 0.00082
Residual:
10K - 54%
12K - 53%
15K - 51%
Don't know about Tech, but Acura kept the program from May (so search earlier in this forum) and did add the $1,000 lease cash.
I've agreed on a deal with $1,200 total drive off and $400 per month for 36 months and 10K a year. Selling price is about $200 below invoice. This is PA with DMV fees at around $160 and local tax of 9%.
MF = .00082 (or 2%)
Residual:
10K - 53%
12K - 51%
Dont know about 15k, but as zheka212 mentioned there is a $1000 in lease cash and $1500 for traditional financing/cash. If you do lease, make sure you mention and verify the $1000 lease cash because both dealers I went to didn't "disclose" it and one didnt even know about it until I mentioned it.
Good Luck.
I'm getting at least $1300 drive-off + $490/mo for Tech, including NY taxes (8.375%). Based on your experience, I should be able to knock that down by $25-$30, since Tech is usually $50-$60 over Base.
Not sure what 1300 includes - acquisition fees used to be higher in NY. My 1200 is 595 acq + 400 first month, aboui 160 in dmv fees and the change down payment. Use the calc on edmunds to check math - when I looked at tech vs base it was something like 460 vs 400. Make sure the car you are getting doesn't have extras like moldings etc. In nyc area 200 below invoice should be "easy" (before lease cash) maybe more if you contact enough
Why are you saying "Make sure the car you are getting doesn't have extras like moldings etc"? I'll just go for the lowest price; if the car has extras, so what?
Anyway, thanks for the info. I'll try calling Sussman.
what I meant by "make sure .. extras.." is that maybe that's why the payment is higher. At any rate -- also try http://www.federsacura.com/ and ask for Steve. He gave me a very decent quote last month, but it was easier for me to deal with PA dealer.
Good luck!!
1300/479 (Feder's Acura)
1300/490 (Rallye Acura)
Troy from Park Ave Acura gives me 1500/462 -- but for a different color. To get my color, he is asking for 1500/475.
All numbers include tax & TTL.
I think it's possible to take that to 1300/460 or even 450, but I'm sort of tired and want the car already. The dealers are increasingly less willing to match. Will make one or two more calls and call it quits...
Any dealers reading this: if you want to beat Curry's offer, e-mail jd850 at hotmail dot com. By the way, I have a 2002 Honda Accord EX V6 4-door with low mileage as a trade-in.
Car_man
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