Last post on Dec 02, 2013 at 3:14 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura MDX, Car Leasing, SUV
#1910 of 2813 is this a good deal? Trading in 2008 MDX
Aug 25, 2010 (6:24 pm)
I am over my miles on my 2008 MDX. I have the Tech package with DVD, Navigation. I got a call from my local Acura dealer today saying if I wanted to bring in my 2008 MDX and exchange it for a 2010, my monthly payment would be the same, no money down, no out of pocket for my 3,000 overage miles.
so currently lease is $687 a month (including tax)
2010 would be $687 a month (including tax)
No money out of pocket
is this a deal or am I being played?
#1911 of 2813 Re: is this a good deal? Trading in 2008 MDX [bidder5000]
Aug 25, 2010 (7:17 pm)
It depends. How many months do you have left and what is your sales tax rate? The extra miles is only $450 (assuming $.15/mile) at the most. I was over 16K miles on my 05 MDX lease and AHFC reduced it by half since I got an 08.
I'm in the same boat - my dealer is buying me out of my lease with 6 months to go and getting me into a 2010 Tech/Ent at $695/month (nothing down) which is lower than what I was paying before.
#1912 of 2813 Re: is this a good deal? Trading in 2008 MDX [bidder5000]
Aug 25, 2010 (7:26 pm)
Sounds pretty good to me. Are you getting out of a 3 year lease and going into another 3 year lease? Are you getting the same number of miles per year?
#1913 of 2813 Re: is this a good deal? Trading in 2008 MDX [ballhogg]
Aug 26, 2010 (4:34 pm)
I'm over my miles by 3,000. My sales tax rate is 8.25% and the $687/month including sales tax. Thanks for helping.
#1914 of 2813 Re: is this a good deal? Trading in 2008 MDX [40yearfan]
Aug 26, 2010 (4:36 pm)
yes, I am getting another 3 year lease. I am supposedly getting the same number of miles per year.
#1915 of 2813 Re: is this a good deal? Trading in 2008 MDX [bidder5000]
Aug 26, 2010 (8:28 pm)
Sounds like a great deal to me. I don't believe you could get GM to make that kind of deal, especially not with a year left on the lease.
#1916 of 2813 Re: is this a good deal? Trading in 2008 MDX [bidder5000]
Aug 27, 2010 (7:45 am)
I meant how many months do you have left on your current lease. It seems like a good deal, very similar to mine.
As for GM comment, that's like comparing apples to rotten oranges
#1917 of 2813 Re: is this a good deal? Trading in 2008 MDX [ballhogg]
Aug 28, 2010 (8:58 am)
Oh sorry about that, I have 6 months left on my lease (march 2011) Thanks again for all your help!
#1918 of 2813 Re: is this a good deal? Trading in 2008 MDX [bidder5000]
Aug 28, 2010 (3:31 pm)
That looks like a good deal, assuming you're doing 12K miles per year. I think it's a good idea to get out of your lease now since you're over your mileage. I'm trying to find out what incentives the dealers have to buy out people early from their leases.
#1919 of 2813 2011 vs. 2010 Lease
Aug 30, 2010 (6:42 am)
I noticed a few weeks ago that the Acura website switched to their online configurator to the 2011 model. Does this mean that dealerships are now selling and getting inventory of 2011 model year cars? If so, does that mean that there will be better deals on the 2010 models (I mean better than what most people are getting now)???