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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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#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)
Reply

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)
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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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Prices Paid: Buying & Leasing Experiences Forum
#1450 of 1639
'09 MDX Tech/Ent ?? by collman
Apr 16, 2009 (10:49 pm)
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Car_Man or Anybody ?
What is residual for '09 MDX Tech/Ent 12K/year, 36mos?
Thanks
#1451 of 1639
Re: MDX lease in NJ [mk2] by Car_man HOST
Apr 17, 2009 (1:41 am)
Reply

Replying to: mk2 (Mar 28, 2009 11:59 am)

Hi mk2. The easiest way to evaluate this deal is to look at the selling price that it is based upon. Do you know it? If so, let me know and I'll be happy to tell you what I think.
 
Honda Finance's current buy rate lease money factor for a 36 month lease of a 2009 Acura MDX is .00215 for consumers who qualify for its top aka "Super Preferred" credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1452 of 1639
Re: Calling all lease gurus! [max_speed] by Car_man HOST
Apr 17, 2009 (1:52 am)
Reply

Replying to: max_speed (Mar 28, 2009 3:10 pm)

No problem, Max. Wow you certainly provided a lot of detail in your post. Let's see here, the gross capitalized cost aka the selling price for the MDX that you are interested in is $38,172.19. However in order to come up with a real selling price one really should add in the "doc" fee which is nothing more than dealer profit. Doing that raises the selling price to around $38,561.
 
A base 2009 Acura MDX has a dealer invoice price of $38,012. Subtracting the available $2,000 dealer cash from that drops it to $36,012. The selling price that you were quoted appears to be around $2,500 over dealer invoice. If this is indeed the case, then this is not a very good deal. I suspect that you will be able to chop another $1,500 to $2,000 off of this vehicle's price by shopping around.
 
It doesn't appear to me as though your were charged the first month's payment twice. The dealer included it when the added up all of the money that was due at lease signing. It appears to just be a coincidence that when the allowance that you were given for your trade is subtracted from the fees the leftover amount that you have to pay out off pocket comes out to exactly $539.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1453 of 1639
Re: MDX Tech+Ent March Money Factor and Residual 10K mi/yr [jsc_usa] by Car_man HOST
Apr 17, 2009 (1:57 am)
Reply

Replying to: jsc_usa (Mar 29, 2009 7:59 am)

I sure do, jsc_usa. Here you go. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Acura MDX with the Tech and Entertainment packages and 10,000 miles per year are .00215 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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