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Acura MDX Lease Questions

1637 messages,  Last post on Nov 30, 2009 at 3:34 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Acura MDX, Car Leasing, SUV


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#1287 of 1637
'09 Lease numbers by kevin34
Nov 11, 2008 (12:31 pm)
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I was told by a salesman that Acura will have better lease support soon so if you are patient we may see better numbers by the end of the year.
 
Question: when calculating the residual do you take into account the destination charge?
 
Thanks
#1288 of 1637
Re: 2008/2009 Lease No.s for Sport Only Package [neeepeee] by neeepeee
Nov 11, 2008 (3:36 pm)
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Replying to: neeepeee (Nov 11, 2008 8:19 am)

Car_Man,
 
I just visited a dealer and received below numbers for a 2009 MDX Tech. for 15K miles/36 months:
 
Selling price : 41900
Residual : 51%
MF : 0.00178
 
Is this a good deal? Should I wait more to see if the numbers get better? Are the above residual and MF same as released by AHFC?
#1289 of 1637
Re: '08 Base residual factor and disposition fee [lokesh_mr] by Car_man HOST
Nov 12, 2008 (6:44 pm)
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Replying to: lokesh_mr (Nov 06, 2008 8:32 am)

Here you go, Lokesh. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura MDX Tech and Entertainment with 15,000 miles per year are .00178 and 48%, respectively for consumers who qualify for its "Super Preferred" credit tier.
 
The 2008 model's lease program is much worse at .00290 and 44%, but Acura is providing $4,000 dealer cash on it which can be used to negotiate a low capitalized cost.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1290 of 1637
Re: '09 Lease numbers [kevin34] by Car_man HOST
Nov 13, 2008 (4:21 am)
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Replying to: kevin34 (Nov 11, 2008 12:31 pm)

Hi kevin34. I agree with the salesperson that you spoke with. There is probably a good chance that Acura will enhance its lease program on the MDX in December.
 
Vehicles' residual values are based upon a percentage of their full MSRPs, including any options that can be residualized and the destination charge.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1291 of 1637
Re: 2008/2009 Lease No.s for Sport Only Package [neeepeee] by Car_man HOST
Nov 13, 2008 (4:25 am)
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Replying to: neeepeee (Nov 11, 2008 3:36 pm)

Greetings neeepeee. The money factor that you were quoted is right in line with Honda Finance's buy rate for this model. That is a good sign. Let's take a look at the selling price. The dealer invoice price for a 2009 Acura MDX with only the Tech package is currently $41,503. The selling price that you were quoted is only $400 over that, which is a good deal.
 
If you like the MDX, I personally don't see any reason not to pull the trigger on this deal.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1292 of 1637
Re: 2008/2009 Lease No.s for Sport Only Package [Car_man] by b33
Nov 25, 2008 (11:56 am)
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Replying to: Car_man (Nov 13, 2008 4:25 am)

Got offered the following deal. Please let me know your thoughts. 2009 MDX with Tech and sport running boards. 36 months and 12k miles. $659 per month (incl taxes) and 1700 at signing (dmv fees, 1st month, etc.)
#1293 of 1637
by EnronX
Nov 29, 2008 (7:16 pm)
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Hey guys, I haven't seen nearly as much on the 2009 deals...Here's the offer I got today at my local dealership.
  
2009 with the Tech Package -- from $44,700 down to $42,100 (dealer says they are only making $150 over invoice).
36 month lease the promo .90%, 12K miles with $0 down is for $733 per month.
The Acura.com ad shows that it's possible to get a 36 month lease for $499 per month so I'm still not sure how they can advertise such a low figure? Tax and fees weren't exactly made clear to me.
 
First payment due is $777 and $713 every month afterwards
  
Also, I was told that the 50% residual value for the lease calculation is non-negotiable, is that truthful?
  
I can't afford $700 for a new MDX but might be able to stretch to $550...any tricks out there to possibly make this work?
  
By the way, I test drove the Pilot (Touring edition) but wasn't overly impressed and would probably rather go with the 2009 Mountaineer since i can get into one for $500 on a lease.
#1294 of 1637
Re: '09 Lease numbers [kevin34] by kevin34
Dec 01, 2008 (12:13 pm)
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Replying to: kevin34 (Nov 11, 2008 12:31 pm)

Hi Car Man,
 
Ok, it's crunch time for me. I have about 3 weeks to seal a lease deal on an '09 MDX.
 
A local dealer is running the following special on an '09 Base:
 
$549 a month/36 months/10k a year
Due at signing $549 + TTL
 
I'd like to "back in" to the vehicle sales price. Could you please provide the current money factor and residual value on this vehicle as well as the residual value for the same lease with 12k a year?
 
Help is much appreciated!
#1295 of 1637
Re: '09 Lease numbers [kevin34] by kevin34
Dec 02, 2008 (6:32 am)
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Replying to: kevin34 (Dec 01, 2008 12:13 pm)

I should add that the bank fee is waived or factored in to the above price. Thanks.
#1296 of 1637
Re: [EnronX] by EnronX
Dec 02, 2008 (2:14 pm)
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Replying to: EnronX (Nov 29, 2008 7:16 pm)

Well I got a friendly call from my sales guy...Supposedly December has new cash-back available: $2,000 off the previously agreed upon price of $42,100
 
At .90% APR, that drops my monthly payment down to $677, which is $60 less than just a week ago...not bad!
 
Now if only I could get them to use a more realistic residual % (instead of 50%) then we'd have a deal for sure....anybody ever successfully negotiate a better residual?

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