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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1637 messages, Last post on Nov 30, 2009 at 3:34 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: needanewcar77 (Jun 10, 2009 7:43 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: teck2u2 (Jun 20, 2009 7:06 pm)  . Don't worry about some sort of arbitrary deadline that the dealer is trying to set. Dealers are hungry for business. There's no reason why you wouldn't be able to get the same deal after the magic date that you have been given. Acura's incentives on the MDX are scheduled to run through July 6th. Dealers often give consumers arbitrary cutoff dates in an effort to create a false sense of urgency in them to seal the deal. The money factor that you were quoted for this truck looks great. It's right in line with Honda Finance's current buy rate for it. Let's take a look at the other important number, the selling price. The dealer invoice price of a 2009 Acura MDX with the Tech and Entertainment packages is $43,321. If one subtracts the available $2,000 dealer cash from that it drops to $41,321. The selling price that you were quoted is around $850 over invoice. That's pretty good, but I would not be surprised if you were able to shave another couple hundred dollars off of this price if you are in an area that has a decent level of competition. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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