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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
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Replying to: jayrider (Apr 11, 2009 12:31 pm) 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.
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Replying to: gr8nrg (Apr 12, 2009 7:16 am) |
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CarMan: Do you have the MF & Res on a 12k/36m lease for the 09 MDX?
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Replying to: uvasa (Mar 25, 2009 5:31 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum
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Car_Man or Anybody ? What is residual for '09 MDX Tech/Ent 12K/year, 36mos? Thanks |
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Replying to: mk2 (Mar 28, 2009 11:59 am) 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 |
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Replying to: max_speed (Mar 28, 2009 3:10 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: jsc_usa (Mar 29, 2009 7:59 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: gr8nrg (Mar 31, 2009 8:26 am) In order to determine whether you should purchase your MDX at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your vehicle's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking. As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mlinny (Apr 02, 2009 4:00 pm) When negotiating your lease on this truck, make sure to take the $2,000 dealer cash that is currently available on it into account. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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