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Acura MDX Lease Questions

1639 messages,  Last post on Dec 06, 2009 at 6:26 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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#1440 of 1639
Lease Question by donnyjeffcoat
Apr 06, 2009 (10:44 am)
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Live in the NY Metro Area - got the following quote for an 09 MDX Premium (Base Model)
 
499 per month / 36 months
They want $2800 down plus TTL on top.
They are also picking up my last 3 payments of $430
 
If i can get them down to just putting up TTL and 1st month payment should i jump at this? Im pretty sure i have seen commericals in the past for MDX with 399 per month. My existing lease is up in august so i have some time to wait but would rather get something done sooner than later
 
Thanks for the respones
#1441 of 1639
Anyone can offer their input for ost #1436? by gr8nrg
Apr 06, 2009 (11:37 am)
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Anyone can offer their input for ost #1436? car_man? kydfx? Anyone? Thanks!
#1442 of 1639
Re: Lease Question [donnyjeffcoat] by jayrider
Apr 09, 2009 (9:30 am)
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Replying to: donnyjeffcoat (Apr 06, 2009 10:44 am)

vipautony is advertising what seem to be low rates on mdx. Would be interested to know if they are legit. Check them out online and follow-up with a call.
#1443 of 1639
Re: End of Lease question [gr8nrg] by ucjjg
Apr 09, 2009 (1:29 pm)
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Replying to: gr8nrg (Mar 31, 2009 8:26 am)

Your 2006 MDX is worth around $20,000. That being said, there isn't much more to discuss as all other points in your post are rendered irelevant.
#1444 of 1639
Re: End of Lease question [ucjjg] by gr8nrg
Apr 11, 2009 (8:53 am)
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Replying to: ucjjg (Apr 09, 2009 1:29 pm)

no way. It's much more than that. Where did you come with THAT figure?
#1445 of 1639
Re: End of Lease question [gr8nrg] by jayrider
Apr 11, 2009 (12:31 pm)
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Replying to: gr8nrg (Apr 11, 2009 8:53 am)

Wholesale for an 06 mdx ---22k above average condition / 20k average/ 17 below average. With the cracked windshield you would be closer to average than above. ucjjg was pretty much right on the money with his estimate. Dealers will typically add 12-14% so the retail range would be 18.6k-25k. Private price 5-10% over wholesale.Of course cpo would add thousands more.
#1446 of 1639
Re: End of Lease question [jayrider] by gr8nrg
Apr 12, 2009 (7:16 am)
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Replying to: jayrider (Apr 11, 2009 12:31 pm)

Thank you for reply. I still think I want to buy it out because of excellent condition and very low miles... I guess the only other question that was unanswered was why is the buyout price listed on their website calendar for my end-of-lease day is higher than the price listed on the original lease contract. ($24,081 on the website vs. $23,122 on lease contract). They would have to honor the original lease contract price, right?
 
Finally, when you do buy the car at the end of the lease, besides the tax on the residual value, are there any other hidden or otherwise fees they charge?
 
Thanks in advance.
#1447 of 1639
Re: End of Lease question [gr8nrg] by jayrider
Apr 12, 2009 (7:51 am)
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Replying to: gr8nrg (Apr 12, 2009 7:16 am)

Read your contract very carefully. The buyout figure on your lease may have fudge factors built in.There could be fees there that are not obvious for the buy out. I would suggest taking the contract to the dealer and asking them to show you every dollar in play and then compare that price to the online price. Take a cup of coffee and stay until you are clear on the terms and charges. Ask them to explain the difference in price and if they can't have them call acura financial. If it doesn't seem right you call Acura financial. Good luck.
#1448 of 1639
APRIL 2009 MF & RES ON 09 ACURA MDX? by needanewcar77
Apr 14, 2009 (7:41 am)
Reply
CarMan:
 
Do you have the MF & Res on a 12k/36m lease for the 09 MDX?
#1449 of 1639
Re: MDX Base Lease Quote [uvasa] by Car_man HOST
Apr 16, 2009 (3:26 am)
Reply

Replying to: uvasa (Mar 25, 2009 5:31 pm)

Hi uvasa. Wow, $5,300 is a lot of money to put down on a lease. I always advise consumers to put as little money as possible down when leasing. Those who make large capitalized cost reductions risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Sure your monthly payment will be a little higher, but it will be much safer if you go with a zero down lease.
 
I assume that you're talking about a base 2009 MDX. The dealer invoice price for one is currently $38,012. If we subtract the $2,000 dealer cash that is available on this model from that it drops to around $36,000. A selling price of $36,900 isn't bad. It's equivalent to around $900 over invoice. Having said that, if you are in an area that has a decent level of competition you may be able to beat this offer by a couple hundred dollars.
 
Also, make sure that the dealer is using Honda Finance's current buy rate lease money factor of .00215 (for "Super Preferred" tier customers) to calculate your payment.
 
Car_man
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