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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

What is this discussion about? Acura MDX, Car Leasing, SUV


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#1498 of 1634
Re: CaliforniaLady [crestonave] by californialady
Jul 05, 2009 (11:54 am)
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Replying to: crestonave (Jul 05, 2009 11:06 am)

The msrp is $45,850. I have been checking out prices on the internet and I have been quoted as low as $38,834 now.
#1499 of 1634
a little confused... by andy603
Jul 08, 2009 (8:01 am)
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So Carman, can you help me understand your statement:
"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"
 
So paying $44,171 is good? I thought that we should be looking for prices that are about $2000 *below* invoice?
 
Also, you said that a 36m lease with 12k should be "2 points higher" than 15k...from Honda Leasing. Does that mean I should be able to get 51% residual vs 49%?
 
Thx for any advice you might be able to provide...Seems like a good time to buy!!
#1500 of 1634
Car Man, you there? <eom> thx by andy603
Jul 09, 2009 (6:09 am)
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Replying to: andy603 (Jul 08, 2009 8:01 am)

#1501 of 1634
Re: 2009 MDX JUNE 2009 [10sfan] by Car_man HOST
Jul 10, 2009 (2:56 am)
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Replying to: 10sfan (Jun 24, 2009 10:10 am)

You're welcome 10sfan. If I was personally in the market for a new MDX, I would shoot for a selling price of a couple hundred dollars over dealer invoice minus the available cash incentives and see what happens. You can find the exact invoice price of the model that you want over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1502 of 1634
Re: a little confused... [andy603] by Car_man HOST
Jul 10, 2009 (3:01 am)
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Replying to: andy603 (Jul 08, 2009 8:01 am)

Andy603, a selling price of $44,171 is not good unless the dealer is subtracting the available $2,000 dealer cash from it. If they aren't then it's bad.
 
Honda Finance's 12,000 mile per year residual values are 2% higher than its 15,000 mile per year residuals.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1503 of 1634
Re: a little confused... [Car_man] by andy603
Jul 10, 2009 (3:05 am)
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Replying to: Car_man (Jul 10, 2009 3:01 am)

thx Car Man. My price quotes from 4 dealers in NH & MA are all nearly the same. About $42k +/- for Tech/Ent. Lease rates are substantially worse than you indicate (all 4 dealers quotes exactly the same: 36m x12k was .00196 with 47% residual. One dealer claimed that Acura and Honda Leasing are the same company and thus no different price. They all claim due to end of model year, residuals will be lower which makes sense.
 
Any thoughts?
#1504 of 1634
MDX Base and MDX Tech by drrishisingh1
Jul 18, 2009 (5:26 pm)
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Hi,
Can I have the updated figures for a 2009 MDX Base and MDX with Tech using 10,000 miles per year? I saw some older figures and I wanted to confirm.
 
Also, given your numbers, is the best strategy just to call around with the figures and see who bites?
Thanks in advance.
#1505 of 1634
Re: a little confused... [andy603] by Car_man HOST
Jul 24, 2009 (2:39 am)
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Replying to: andy603 (Jul 10, 2009 3:05 am)

You're very welcome, andy603. The money factor and residual value that you mentioned for the '09 MDX with Tech & Entertainment, .00196 / 47%, are definitely right.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1506 of 1634
Re: MDX Base and MDX Tech [drrishisingh1] by Car_man HOST
Jul 24, 2009 (2:51 am)
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Replying to: drrishisingh1 (Jul 18, 2009 5:26 pm)

Hi drrishisingh1. According to the latest information that I have seen, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Acura MDX with 10,000 miles per year are .00196 and 51%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The numbers for an '09 MDX with Tech are .00196 and 48%.
 
When negotiating your lease on this truck, make sure to take the $2,000 cash incentive that Acura is currently providing on it into account. If I was in the market for an MDX, I personally would figure out exactly how much I wanted to pay and then physically visit dealers to see if they are willing to take what I want to give them...but that's just what I would do.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1507 of 1634
2009 MDX or wait for 2010 by driverinct
Jul 26, 2009 (5:27 pm)
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I am in the market this week for a new MDX. My current MDX lease is up in the next 2 weeks. Seems like inventory is low and residuals are also low. I can extend the lease for a little bit but don't want to get caught without a car if the 2010 models don't come in on time. I am hearing anytime between Sept to winter. Does anyone know when or should I play it safe and take a leftover 2009?

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