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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1638 messages, Last post on Dec 04, 2009 at 9:43 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
Hi carman -i will be coming out 2006 base MDX lease in may/june this year ...i current have a 12,000 mile allowance and a payment of 480 ( i believe i originally put down $1200)...i will have about 30,000 miles on the MDX when it is returned...i am hoping through the Honda loyalty program and curious if they make a consideration on lower miles returned on the car then anticipated...I dont want to move any new money into the lease but would like to be at the same monthly of 480....has anyone out there come close to a deal like that??? or am i dreaming...thanks (i am located in SE PA...dealt with the west chester dealership
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Replying to: brett321 (Feb 17, 2009 7:55 am) Bigblue |
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Replying to: tony (Feb 04, 2009 9:19 pm) When negotiating your lease on this truck, make sure to take advantage of the $2,000 dealer cash incentive that Acura is currently providing on it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: rktj (Feb 05, 2009 9:12 am)  . April is the start of a new quarter. Honda Finance will likely publish new residual values then. Generally speaking, vehicles' residual values decline as the model year progresses, particularly in the current environment. I suspect that the MDX's residual values will indeed fall by a point or two in April. As far as March goes, I personally expect Acura's lease program on this truck to be at least the same as its current program, if not better. Word on the street is that February is shaping up to be as bad, or possibly even worse than January was for light vehicle sales in the U.S. If that is the case, I don't see how Acura could reduce its support on this model and it might even increase it. Of course, as I always say, it is difficult to predict exactly what automakers do with their future incentives. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: jelly22 (Feb 07, 2009 6:31 am) According to the latest information that I have seen, Acura has not made any enhancements to its lease program on the 2009 MDX in February. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: cdrvf (Feb 11, 2009 7:15 am) When negotiating your lease on this truck, make sure to take the $2,000 dealer cash that is currently available on it into account. If you are in an area that has a decent level of competition, you shouldn't have any trouble negotiating a selling price that's pretty close to dealer invoice minus this dealer cash. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: veebee66 (Feb 15, 2009 6:02 pm) 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 12,000 miles per year are .00250 and 49%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The money factor for a base model would be the same, but its residual value would be 51%. The money factors for 36 month leases of these vehicles are the same, but their residual values are 1% higher than the 39 month resids. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: dollar_pound (Feb 16, 2009 1:22 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: brett321 (Feb 17, 2009 7:55 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Could somebody help me decipher this and tell me whether this is a good deal or not? Sale Vehicle: New 2009 ACURA MDX YD2869 4dr Wgn Tech w/AC , Automatic ,, remote start Odom: 0 Payment Details Term: 39 Base Payment: 529.00 Total Payment: 529.00 Purchase Option: 22,800.00 MSRP: 45,600.00 Est. Miles Per Year: 10,000 Excess Mileage Charge: 0.20 Money Due at Inception 1st Month Payment: 529.00 Security Deposit: 0.00 Acq Fee (Upfront): 595.00 Fees & Ins: (Upfront) 102.50 Upfront Taxes: 2,089.06 Cap Reduction (Cash): 2,995.00 Total Out of Pocket 6,310.56 Customer ASAP: -1000.00 Total Initial Charges: 5,310.56 This is under the Acura Select Advantage Program. Is it really an advantage or not? My other option is a Buick Enclave AWD CXL,. total price of $45,735 with 0% financing for 60 months. I know it's a little like comparing apple with oranges, but I'm trying to weigh the benefits of the extra cargo room the Buick gives me (for my dogs! vs. the higher and longer loan vs. lease payments. Thanks
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