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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1631 messages, Last post on Nov 24, 2009 at 5:00 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Base MDX MSRP = $37,500 36 mo, 12K miles $399/month includes 6% NJ tax Cash at time of signing = $2690 includes all fees/sec dep/first mo payment/lic/etc Good Deal or keep at it? Thanks!
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Thanks for taking the time to share the details of your deal with everyone, rfmdx. There's nothing like real world examples to give consumers an idea of how much they should bay to lease the vehicle that they are interested in. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi rickydog. You never mentioned the selling price of the truck that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the Acura MDX that you are interested in for you if you let me know what its selling price is. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 19, 2005 2:11 am) |
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The lease would be as follows ... MSRP $40,295 Cap Cost $35,200 36 months at $498.94 plus tax or $535.11 12,000 miles per year allowed Payment based on El Dorado County Tax rate Total Drive Off $882.12 (includes first months payment, license fee, doc fee and CA tire tax) Good deal? I sent another dealer the deal and they said they could beat the monthly payment by $6. |
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Thanks for the additional information rickydog. OK, so you are interested in leasing a base 2005 Acura MDX that has an MSRP of $37,500 and a selling price of $33,500. It definitely appears to me as though you are getting a good price on this car. Let's use these numbers along with Acura's current lease program to calculate a lease payment on it. According to my calculations, if you were to lease this truck through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $396. As you can see, the quote of $399 per month including tax is very attractive. If you like the truck, I don't see any reason not to pull the trigger on this deal. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi kwyoon. The selling price that you were quoted for this truck looks good to me, but I cannot seem to get its monthly payment to cone out as high as the one that you were quoted. I calculated a lease payment on it using the information that you provided and Acura's base lease program and here is what I came up with. According to my calculations, if you were to lease a 2005 Acura MDX Touring without the entertainment or navigation systems with an MSRP of $40,295 and s selling price of $35,200 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $423. Even if you were to add the navigation and entertainment system options, the payment only increases to around $454. Something is not adding up here. You may want to ask your dealer to go over the calculations with you or shop around a little bit. Make sure a money factor of .00160 is being used to calculate your MDX's payment. Perhaps these dealers are using th $1,500 dealer cash that Acura is providing on this model right now to reduce its selling price and then running your lease through an independent bank. The dealer cash is not compatible with the aforementioned special lease program. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 23, 2005 3:25 am) Thanks for your analysis. Well, they reduced it to: $513.94 ($479.20 pre tax) for 36 months with 12k miles per year with $860.95 due at signing. Will I do better negotiating $37,000 as the purchase price and go with the special lease through AHFC? I am supposed to go to the dealer tomorrow morning. Thanks!
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Replying to: kwyoon (Sep 23, 2005 10:49 pm)
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Replying to: vsaxena (Sep 24, 2005 12:15 am) But Car_man said that the $1500 dealer cash is not compatible with the special lease from AHFC. Therefore, the deal would be $35200 + $1500 = $36700. That is $300 over invoice (including destination). Maybe I could get them down to $36500. If I'm getting $35200 for the purchase price, then they are probably using another bank. Thanks. |
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