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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
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Replying to: sl1288 (Jun 09, 2009 2:10 pm) Adding to the above, could you list the MF and Residuals for the MDX at the following: 3-Year/ 12k miles 3-Year/ 15k miles 3-Year/ 18k miles (for the above poster) |
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Replying to: needanewcar77 (Jun 10, 2009 7:43 am) I am starting to negotiate the price of a 2009 MDX w/ Tech, that I can then derive a lease price from. I am looking at invoice - $2000 dealer cash, and I am even trying to get into the hold back (approx. $1,350) That would come out to around $38,400. I had a feeling I was going to have an issue with a low residual value, and after speaking with my car salesman, I found out I was right. (and not in a good way) The residual value on an MDX w/ Tech for an $18,000 mile lease is 46%! Ugh. If I agreed to a price of $40,000 (their offer) it would result in a monthly payment of $760. Even at $38,400 the payments are in the high $600's. This ends my search before I begin because my current lease is for $550 a month, and I'm not looking to pay $200 more a month. I think my only choice is to extend my lease and wait for the 2010's to come out with a (hopefully) higher residual value. I'll lose out on the dealer cash, but there isn't much I can do short of looking at a 2010 Pilot Touring. Also, he only has 3 MDXs on his lot, and he confirmed he will go all Summer without any new ones until the 2010's are delivered. |
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Hi Car_Man, Several years ago, I asked a question and you never responded  , hope I do better this time  I am in the market for a 2009 MDX - Tech and Entertainment Package. I was quoted the following today and naturally, I was given until Monday to sign the deal or loose it! 36 Months Lease 10,000 Miles per Year 1st Month payment 0f $662 Acq. Fee $595 Up front Taxes $2119.33 TOTAL OUT OF POCKET = $3503.58 (This includes first month payment, taxes and Cap Cost Reduction) MSRP $47,550 Selling Price $42,164 Residual 49% Money Factor .00215 Tax Rate 8.625 (NY) MONTHLY PAYMENT $662 Is this a good lease deal? Should I sign? Please help. |
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Replying to: teck2u2 (Jun 20, 2009 7:06 pm) The only thing you can negotiate with the dealership is the selling price. $42164 for Tech and Entertainment packages? I don't think it is a good deal.
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Replying to: isosuv (Jun 21, 2009 12:29 pm) Thanks for your response. Did you say Audi financial? Did you mean Acura Financial? Also, what is a good price for this car?? I am so glad I read your response, I was about to go sign the deal tonight!!!! Whew!
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Replying to: teck2u2 (Jun 22, 2009 2:35 pm) Yes I meant Acura, not Audi. My bad. Typo. |
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I am a month away from the end of my 3-year lease on a 2006 Acura MDX. I'm about 12,000 miles over the limit on mileage (at 20 cents per mile). Also, because of a new policy at work, I have to bridge the next six months into a new company auto program. I will get an allowance for that six months. After that, I have to pick a company-bought vehicle. What's the right move here?
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Replying to: msinger1 (Jun 08, 2009 9:51 am) Acura is currently providing $2,000 dealer cash on the 2009 MDX. This program is scheduled to run through July 6th. It is difficult to say what its incentives will be like on it after that date. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: sl1288 (Jun 09, 2009 2:10 pm) 15,000 miles per year is the highest mileage allowance that Honda Finance publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty. When negotiating your lease on this model, make sure to take advantage of the $2,000 dealer cash that is currently available on it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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