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Acura MDX, Car Leasing, SUV
#2364 of 2813 Lease "trade up" offer from dealer
Apr 02, 2012 (9:50 am)
I am about 18 months (16k miles) into my 3 year lease on a 2010 MDX tech. Current payment is $622m and $710 drive off. At the time it was considered a good deal based on what others were paying on this forum.
I got a call from the original dealer offering a trade up to a 2012. No out of pocket. Same terms as my prior lease. The new offer is:
2012 Acura MDX Tech
M.S.R.P. $47,490+Fees and Accessories
Lease Special Pricing $44,300+Fees and Accessories
36 Month 10,000 miles per year lease
Residual Value $26,119.50
Acura Promotional Money Factor .00090
Zero out of pocket expense, just taking your MDX in trade.
36 Months $581.48 Tax
Monthly Tax $46.52
36 Months $628.00 Including Tax
(Technically 35 monthly payments, as your first monthly payment would normally be made at lease signing, but is waived under this program)
Any advice on how to determine if this is a good deal? Seems fair enough. (I posted this on one of the other threads, but this seems like the better place to ask..on the other thread one suggested that I am not getting compensated for positive equity from my trade...I'm not sure how to approach this request to the dealer logically if that is the case) Thanks,
#2365 of 2813 Re: Lease "trade up" offer from dealer [monchero]
Apr 04, 2012 (7:16 pm)
...a different dealer I approached via email is offering the lease trade up after 21 months at a $0 drive off and $599/month. I feel like I've saved about $22 potentially by just shooting off an email. Still interested in hearing from someone who has pursued a similar deal. Thanks,
#2366 of 2813 Re: Lease "trade up" offer from dealer [monchero]
Apr 05, 2012 (5:47 am)
Check out my post # 2306 for details, and Car_Man's reply.
I traded up my 2009 Base earlier this year for 2012 MDX Base. Same payments $ 479/M 12K, 36 Months. $0 Down. I had 3 payments remaining on my lease. Acura threw in 4K additional miles so I have 40K miles now.
#2367 of 2813 April 2012: Leasing a MDX 2012 Technology Package
Apr 21, 2012 (1:43 pm)
I am looking to purchase a MDX 2012 Technology Package with the following options:
Sport Running Boards
Roof Rails - Silver
Body Side Molding
Tri-Fold Cargo Tray
I have only visited one dealer sofar and below is the offer I am getting for 36months lease 10k miles per year:
$658/month including taxes and fees for 35 months
Residual Value: $26,340
Total Price of the vehicle: $45,151
Any idea how far can I go. Thank you very much for your help.
#2368 of 2813 Turning in 2009 MDX Lease
Apr 23, 2012 (3:51 pm)
My lease is up in a few weeks on my 2009 MDX with Technology package and Sport running boards.
It has 55k miles on it (I am a little over my 15k per year allowance).
Here is my question.
The payoff is $22k
KBB shows it's value in the good category (it exceeds that description, but I assume they will go a grade down) at about $27k
Here's something odd, the KBB value directly from the AFS site shows it's trade in value at $22k, that's a bit misleading.
Trader Online's value shows it at $26k and change
Anyway, here's the question.
If I trade in the MDX towards something else, I'll have $4 to $5k in equity to roll into something new.
If I turn in the MDX, I get nothing, right?
What if I buy another MDX, do they factor in any of the equity, or do they just give me a little benefit for being a repeat customer?
I'd like to hand them the keys to my 2009, get a new 2012 Lease with Tech package and 15k miles per year with nothing out of pocket.
With perfect credit, where does that put me monthly?
Apr 26, 2012 (12:34 pm)
Please tell me the residual and base money factor for a 2012 base MDX, 36 months, 10,000 miles per year.
#2370 of 2813 2012 Acura MDX tech with entertainment
Apr 27, 2012 (5:59 pm)
I have received the following quote for 2012 MDX tech and entertainment..
599/month 36 months totally zero out of pocket all taxes included in 599 installment..12K miles per year
residual is 53%
lease end buy out is 26300$
please let me know if this is a good deal
#2371 of 2813 Re: 2012 Acura MDX tech with entertainment [asifp]
Apr 27, 2012 (6:08 pm)
That seems like a good deal to me. Where are you located?
Apr 29, 2012 (10:29 am)
Hey hpowders. Acura's April buy rate lease money factor and residual value for a 36-month lease of a 2012 base MDX with 10,000 miles per year are .00090 and 57%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Make sure to take advantage of the $1,500 dealer cash that is currently available on this truck.
Prices Paid: Buying & Leasing Experiences Forum
#2373 of 2813 Re: Base MDX [Car_man]
May 01, 2012 (3:06 am)
Thanks, Car_man. I didn't know about the $1500.