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Acura MDX Lease Questions

1602 messages,  Last post on Nov 09, 2009 at 3:03 PM

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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#1360 of 1602
Re: 2009 MDX Base & Tech Programs [gvitalik1] by Car_man HOST
Jan 28, 2009 (3:49 am)
Reply

Replying to: gvitalik1 (Jan 13, 2009 3:55 pm)

Hi gvitalik1. Let's take a look at the deal that you were offered. The money factor that you were quoted is right in line with Honda Finance's January buy rate for this model. That is a good sign because it means that the dealer isn't trying to make any hidden, back-end profit on your deal by marking your truck's money factor up.
 
The other main profit center for dealers on leases is the selling price. The dealer invoice price of a base 2009 MDX is $37,830. If one subtracts the $2,000 dealer cash that Acura is providing on this model from that, it comes to around $35,830. The selling price that you were quoted is even lower than that, so it is an excellent deal.
 
If you like the MDX, I personally don't see any reason not to pull the trigger on this deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1361 of 1602
Re: 39 month and 42 month Leases [fieldse] by Car_man HOST
Jan 28, 2009 (3:51 am)
Reply

Replying to: fieldse (Jan 13, 2009 8:25 pm)

Hi fieldse. Honda Finance's current buy rate lease money factor and residual value for a 39 month lease of a 2009 Acura MDX with the Tech Package and 10,000 miles per year are .00250 and 50%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
When negotiating your lease on this truck, make sure to take the $2,000 dealer cash that Acura is currently providing on it into account. It will help you to negotiate an attractive capitalized cost.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1362 of 1602
Re: Feb rates [egold1] by Car_man HOST
Jan 28, 2009 (3:55 am)
Reply

Replying to: egold1 (Jan 15, 2009 12:54 pm)

Hi egold1. Acura's January lease program for the 2009 MDX is scheduled to run through March 2nd. It is always very difficult to predict exactly what manufacturers will do with their future incentives, but I personally don't think that you have anything to lose by waiting. If anything, Acura's program on the MDX will get better...not worse. Most likely it will be exactly the same next month as it is now though.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1363 of 1602
Re: 2009 MDX Tech Ent [tan47] by Car_man HOST
Jan 28, 2009 (4:04 am)
Reply

Replying to: tan47 (Jan 22, 2009 7:14 pm)

Hello tan47. Unless your credit is not in good shape, the money factor that you were quoted is too high. Honda Finance's current buy rate lease money factor for the 2009 Acura MDX is only .00250. If you qualify for its top aka "Super Preferred" credit tier and the dealer charges you more than that, they are marking your money factor up to add additional hidden, back-end profit to your deal. Make sure that the dealer uses the lowest possible factor to calculate your payment.
 
The selling price that you are being charged for this truck looks good. It appears to be around $300 over dealer invoice minus the available dealer cash.
 
Just get the whole money factor issue straightened out and you're in business.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1364 of 1602
Re: 2009 MDX Base & Tech Programs [Car_man] by theroyalwe
Jan 29, 2009 (10:15 am)
Reply

Replying to: Car_man (Jan 28, 2009 3:49 am)

CarMan: Your thoughts on the following lease please:
09 Tech
39-mo / 10K miles
Selling price $39,112
Money factor .0025,
Fees & 1st payment out of pocket ($1,237)
Monthly payment $632
#1365 of 1602
Lease deal on MDX base by am09
Jan 31, 2009 (5:50 pm)
Reply
Just got my car - i was offered this deal:
 
39-mo / 15K miles
Fees & 1st payment out of pocket ($916)
Monthly payment $583
#1366 of 1602
Re: Lease deal on MDX base [am09] by theroyalwe
Feb 01, 2009 (11:34 am)
Reply

Replying to: am09 (Jan 31, 2009 5:50 pm)

am09: Do you know the selling price, residual % and money factor in your deal?
#1367 of 1602
Re: Lease deal on MDX base [theroyalwe] by am09
Feb 01, 2009 (6:28 pm)
Reply

Replying to: theroyalwe (Feb 01, 2009 11:34 am)

Selling price was around 35K, residual is 49% (from list price of $41500), and money factor was .0025.
#1368 of 1602
Re: 2009 MDX Tech Ent [Car_man] by kyzh
Feb 02, 2009 (4:15 am)
Reply

Replying to: Car_man (Jan 28, 2009 4:04 am)

Hi, Car_man, is there any new lease deals starting in February? I'm looking for tech + ent, and would like to pay $500 a month; what would be reasonble down payment for such deal?
#1369 of 1602
Re: 2009 MDX Tech Ent [kyzh] by jkenley
Feb 03, 2009 (4:55 pm)
Reply

Replying to: kyzh (Feb 02, 2009 4:15 am)

I'm curious as well but I'm only looking for the tech package and would love to pay $500 per month for that in a lease.

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