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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1634 messages, Last post on Nov 24, 2009 at 8:15 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I believe the previous lease program expired today - anyone hear what the new program is?
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What is a reasonable 24 month deal for an '09 with Tech and Entertainment packages, 24k miles? Any guidance would be appreciated. Located in Baltimore, MD.
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Replying to: my3rdrx (Jan 05, 2009 11:30 am) I don't know, she kept saying that legally they could not alter the contract because it is a closed end lease. I also called the dealer that I leased and he basically said the same thing. I have the inspection setup for Feb, so we'll see if I get any calls. I have been reading that some lease companies have residual value insurance, so if the value is less than its worth, they are insured for the difference so they have no motivation to negotiate. Maybe Honda Financing is setup this way. I would love to hear if anyone has been able to negotiate the buyout on a lease with Honda Finance recently and how they did it!
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Replying to: rfmdx (Jan 05, 2009 5:53 pm) |
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Car_man, Does the 39 month and the 42 month Lease for the Acura MDX base have a different residual value and money factor then the 36 month lease? Thank you.
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i was quoted a .0025 money factor for a 39 month lease on an MDX with technology package. This is significantly higher than what was discussed on this board in december and was apparently available through January 5th. Can anyone confirm that this is the correct money factor and that the dealer is not trying to squeeze some profit from me here. By the way for this car i was quoted $38,290 + 760 destination (MSRP 45,600) plus processing and tax and tags. This includes the $2k price incentive and a .9% 3 yr loan is available for purchase.
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Thank you qtreqer, My current lease for 2006 MDX is 42 month. At that time the money factor and residual was the same for 36, 39, and 42 month. That made a 42 month lease very attractive because of the lower payment. I would like to see if that is the case right now.
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Replying to: dima1 (Jan 09, 2009 7:12 am) Thanks
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Replying to: gtreger (Jan 09, 2009 5:44 am) I got the same money factor of .0025. It's up from December. The lease rates are worse but they are making up for at least some of it by extending the 1500 dealer lease incentive to 2000. Also, the residual on 39 mo lease is .49 and .5 on a 36 month lease for 12k miles a year. I was quoted $180 higher than you for the same mdx with tech. |
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