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Acura MDX Lease Questions

1637 messages,  Last post on Nov 30, 2009 at 3:34 AM

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

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#1503 of 1637 Re: a little confused... [Car_man] by andy603 Jul 10, 2009 (3:05 am)
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? Replies to this message: Car_man (Jul 24, 2009 2:39 am)
#1504 of 1637 MDX Base and MDX Tech by drrishisingh1 Jul 18, 2009 (5:26 pm)
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. Replies to this message: Car_man (Jul 24, 2009 2:51 am)
#1505 of 1637 Re: a little confused... [andy603] by Car_man HOST Jul 24, 2009 (2:39 am)
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 Host Prices Paid: Buying & Leasing Experiences Forum
#1506 of 1637 Re: MDX Base and MDX Tech [drrishisingh1] by Car_man HOST Jul 24, 2009 (2:51 am)
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 Host Prices Paid: Buying & Leasing Experiences Forum
#1507 of 1637 2009 MDX or wait for 2010 by driverinct Jul 26, 2009 (5:27 pm)
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? Replies to this message: 10sfan (Aug 01, 2009 1:13 pm)
#1508 of 1637 Re: 2009 MDX or wait for 2010 [driverinct] by 10sfan Aug 01, 2009 (1:13 pm)
Replying to: driverinct (Jul 26, 2009 5:27 pm) 2010 MDX are tentatively now scheduled to arrive at the dealers lots in December 2009. The 2009 models will continue to be built to meet the demands. Try the extension if your lease is with AHFC/now Acura Financial and search out the dealers who will work with you on the price, etc.
#1509 of 1637 Lease for new arrival by dgreb Aug 02, 2009 (8:37 am)
Hi,   I've been in the US for 4 months and therefore have next to no credit history. I would like to buy a new base MDX. I have cash for a big deposit, maybe up to $10k.   My main aim is to keep my payments below $500p/m. When applying for a lease, would the larger deposit allow me to take advantage of the best rates? If not, what else can I do to get the lowest money factor?   Your help is appreciated. Replies to this message: Car_man (Aug 03, 2009 1:46 am)
#1510 of 1637 Re: Lease for new arrival [dgreb] by Car_man HOST Aug 03, 2009 (1:46 am)
Replying to: dgreb (Aug 02, 2009 8:37 am) Hi dgreb. I see that you are considering making a large down payment on a leased vehicle. Doing so is not a good idea. I'm not sure that it will have much of an impact upon whether you are approved for a lease or not and if you are approved, you are putting a large chunk of money at risk. Consumers who make large down payments on leased vehicles often lose part or all of that money if their vehicle is totaled in an accident or stolen and never recovered.   The best bet for someone with a limited credit history would probably be to finance a less expensive vehicle. Your large down payment will have more of an impact upon whether you are approved to finance a less expensive truck.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1511 of 1637 Need MF and residual help Car_man by cndnbkn Aug 03, 2009 (7:31 am)
Car_man, Can you give me the residuals and MF for 09 MDX in Base, Tech, and Sport for 12k miles per year. Not sure if there is going to be a change for August numbers but if you have them that would be great. Also is the only current incentive of cash the $2K dealer cash? Holdback is 3% on Acura's correct?   Thanks for all your help in advance.   Cndnbkn Replies to this message: Car_man (Aug 14, 2009 2:56 am) maf1 (Aug 15, 2009 5:19 am) Car_man (Aug 17, 2009 1:55 am)
#1512 of 1637 Lease cap cost reduction and discount by hmansell Aug 04, 2009 (11:57 am)
I'm new to leasing and have a question on discounts. According to Edmunds etc. people are paying about $1000 under invoice price for an Acura MDX w/tech package.   At the same time, Acura are running a lease special with a cap cost reduction of about $6500, with $2899 up-front (excluding tax, license, title, registration, documentation fees) and $499/month for a base model for an MSRP of $41,800.00, money factor 0.00196, residual value 51%. In other words, the lease company is essentially discounting the purchase cost of the vehicle. The dealer tells me that a similar deal is available for the tech package, with the same money factor and residual value 48%.   My question is, if I go for this lease special, can I still negotiate the price on top of the cap cost reduction that comes from the lease? I know I can get a better-than-MSRP price for a cash deal, but is the lease deal essentially "pre-discounted"? Are the dealers eating any of the discount that the lease deal offers or are they still making MSRP + $2000 incentive + 2% holdback - invoice price?   Any help would be appreciated! Replies to this message: enthusiastdre (Aug 11, 2009 2:30 am)

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