Last post on Dec 12, 2013 at 5:15 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura MDX, Car Buying, SUV
#13005 of 13285 Re: 2014 MDX Production Problems? [irishys17]
Aug 18, 2013 (8:32 am)
In case beach doesn't come back soon....yes you can allow for equity on a lease. Basically they'll find out what the current buy-out amount is and then if that number is less than what they're willing to give you have equity in the deal. They'll buy-out the lease (same as paying off a note) and then own the trade.
You can also call Acura and find out the current lease buy-out and then compare that to current trade-in values. It would be valuable to know that before attempting a trade so you can let the dealer give you their trade number BEFORE they know your buy-out. Many will try to just give you the buy-out since many will be happy to just walk away from a lease with no equity.
As for residuals, they can change at any time. Whatever the leasing company decides to use basically. They could come down later but it's also likely the selling price will come down as well. Beach has a point though...you know what the deal is today and if that's acceptable perhaps you pull the trigger. There's no way to know for sure what will happen down the road.
#13006 of 13285 Re: 2014 MDX Production Problems? [irishys17]
Aug 18, 2013 (7:49 pm)
The residual will absolutely change.
As a vehicle goes through its model year, it is 1 month older at a time, and as you can imagine, a 2014 model starting today has absolutely the highest residual value of its model year at the beginning. As time goes on, the manufacturer has to continue dropping the percentage to balance that end value when the time comes, in conjunction with other factors.
A deal today on an all new 2014 MDX with the best residuals and still great pricing, on top of your car/trade/lease trade being worth the most it ever will be (remember vehicles do not appreciate in value) is the best scenario. If it doesn't work for you now, it won't necessarily be any different or better later on, as a lower MDX cost will be met with an even lower lease trade value.
See if you can button it up now, make a deal that works for you, and enjoy the MDX. Even in PA, we have more and more clientale moving to FWD for lack of use of past AWD vehicles. Ground clearance is key. If it's worth the extra cost, get AWD. If not, save the money. Nice to now have the choice on the MDX.
#13007 of 13285 got offer MSRP$49460 + Protection Package
Aug 19, 2013 (11:47 am)
i went to acura sunday tested drive ,they offer awd with tech MSRP$49460 + free Protection Package
#13008 of 13285 Re: got offer MSRP$49460 + Protection Package [pzzdog]
Aug 19, 2013 (4:47 pm)
I got a offer of 42200 for 2014 MDX AWD base version (including destination)...I think it is very close to invoice price. Pls suggest.
Should I buy base or technology package.
#13009 of 13285 Re: got offer MSRP$49460 + Protection Package [vikkuu]
Aug 19, 2013 (5:06 pm)
I would go with tech package.
I am in LA and looking for a AWD tech, but can not find deal near invoice.
Can you please share your location?
#13010 of 13285 Re: got offer MSRP$49460 + Protection Package [vikkuu]
Aug 19, 2013 (5:59 pm)
Can please share your location?
#13011 of 13285 Re: got offer MSRP$49460 + Protection Package [dlin928]
Aug 19, 2013 (10:52 pm)
I got $1,200 over invoice on AWD Tech from Josh at Acura 101 West.
#13012 of 13285 Re: 2014 MDX [beach15]
Aug 20, 2013 (8:40 am)
Thank you all so much for this information...looks like I've got about $1898.00 equity in my lease with $1795.00 in payments to go, so the trade in allowance is probably a wash.
I'm doing a test drive on Friday...will go from there. (I think I'm gonna need a lot of "stars to align" in order to get what I want.)
Does anyone know if there are any "factory to dealer incentives" on the MDX at present?
#13013 of 13285 Re: got offer MSRP$49460 + Protection Package [mu8318]
Aug 20, 2013 (9:08 am)
See my post 12992 above for answer.
#13014 of 13285 Re: got offer MSRP$49460 + Protection Package [acurabmw]
Aug 20, 2013 (1:18 pm)
Thanks for the info, I will check with Josh at 101 West.
Did they add any ad fee?