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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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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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Replying to: driverinct (Jul 26, 2009 5:27 pm) |
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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.
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Replying to: dgreb (Aug 02, 2009 8:37 am) 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 |
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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
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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!
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Replying to: hmansell (Aug 04, 2009 11:57 am) is this your first time leasing? you should know that leasing a car is just like purchasing in that you can and should negotiate the purchase price always, instead of quoting from the advertised special itself. you could probably get a lot more than that discounted in today's market. |
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No one has recieved recent quotes on an MDX?
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Replying to: cndnbkn (Aug 03, 2009 7:31 am) When negotiating your lease, make sure to take advantage of the $2,000 dealer cash that is currently available on this model. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: jkenley (Jan 25, 2009 6:04 pm)
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