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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1240 messages, Last post on Sep 04, 2008 at 5:50 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
CarMan, need your assistance. Looking in Miami, Fl at a basic 06 MDX. Terms= 36 mths, 12k/yr, MSRP 37,740, car price 34,041, they want 1,800 down for 1st mnth ptymt & fees and 467+tx monthly lease payment. This seems alittle high to me. Thanks for your help. 
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Car_man, Need your help. I'm looking at leasing an 06 MDX with tour/nav/res. MSRP is $44,815 including destination and I've been quoted $582/month, pre-tax, with zero down (other than first month, fees and taxes)on a 36 month/15,000 miles per year lease. I was told the residual is $24,200 or 54% (assuming Honda finance with top credit). Is this residual accurate? Also, your thoughts on the $582/month? Thanks for your help. DOC
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Hello, I am trying to lease an 06 MDX Touring with DVD and NAV. I am being given a money factor of .00140 and a 57% residual? Is this right for NJ and PA area? Or should I be lookinig for a higher residual rate. Thank You in advance.
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Hello CarMan. I did not do any lease research beforehand and I believe I got screwed. I bought in Houston, TX. 2006 MDX Touring no nav/no dvd 36 month - 30,000 miles 24,700 residual(61%) money factor:0.00125 trade in of 4,000 monthly payment including taxes and all: $487 (they did throw in the side molding for "free") What do you think? |
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Replying to: maddbank (Jan 25, 2006 1:42 pm) Hello CarMan. I did not do any lease research beforehand and I believe I got screwed. I bought in Houston, TX. 2006 MDX Touring no nav/no dvd 36 month - 30,000 miles 24,700 residual(61%) money factor:0.00125 trade in of 4,000 monthly payment including taxes and all: $487 (they did throw in the side molding for "free") What do you think?
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Replying to: phillyrun (Jan 18, 2006 6:25 am) Keep in mind that the money factor they are using on the 06 standard package is .0014, and it is good on ALL MDX models, they just don't advertise it. I don't know the sales tax in PA, but in NJ we have 6%. different sales tax affects each pyment. In NJ your payments would be roughly $445/mo with no cap cost reduction for 10K mi. a year. Decrease it by 6%, apply PA sales tax, and you have a number to shoot for. Now, at .0014 money factor you should expect a $3 (trhree)increment/decrement of a montly payment for every $100 increment/decrement of the up-front-negotiated price. if your lease is for more than 10K a year, the residual changes and the payments do, too - apply $15/$500 formula Good luck |
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Replying to: maddbank (Jan 27, 2006 7:19 am) Sorry to butt in. I don't think you got screwed, per se. If you drove off without paying a penny, meaning they rolled all the fees and the 1st month payment into the rest of your payments, it means that they gave you a lease out of full MSRP of the vehicle. Were you to negotiate the price up-front, you could have had your monthly payment reduced.
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Replying to: iglight (Jan 27, 2006 12:36 pm) From the math that I have done since leasing the vehicle, the monthly payment would have been about right had I added the DVD system. Oh well, I guess you live and learn. |
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Just got one and I love it... MSRP:44,815 Price Paid: 40,000 Lease Deal... Money Factor the standard: .00140 Residual: 57% $2000.00 out of pocket (Cap Cost) Monthly payment: $520.00 Good deal or bad deal? Any thoughts?
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