Last post on Dec 07, 2013 at 3:37 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Acura MDX, Car Leasing, SUV
#2472 of 2816 Never leased..questions on 2 vehicles
Aug 14, 2012 (9:29 am)
I'll try to make this as brief as possible! My husband and I have always purchased our vehicles but after wanting new vehicles every 2-3 years, we've quickly learned that leasing looks like a better option for us. We are both looking at Acura's and noticed they have leasing offers on the models we're interested in.
I'm looking at a 2012 MDX - lease offer is - 2012 MDX 6 Speed Automatic Featured Special Lease - $0 Due at Lease Signing, $510/month 35 months. Details say it's for the base model (MSRP 43,925.00), I'm wanting to get one with Tech/Ent package (MSRP 49,390). The dealer I'm looking at online appears to have 88 2012 MDX (various levels) on hand, as of today. What kind of numbers to I approach them with? BTW, credit pretty good with a 740 score.
Husband is looking at the at a 2013 ILX 5 - lease offer is - 2013 ILX 5 Speed Automatic w/Premium Package - $0 Due at Lease Signing - $310/month 38 months. He seems pretty satisfied with the package and options listed.
How/where do we negotiate...or is there even option to negotiate on advertised special leases?
Any advice, suggestion or input appreciated! Thanks in advance!
#2473 of 2816 Re: Never leased..questions on 2 vehicles [dhammer]
Aug 14, 2012 (10:30 am)
Recently got quotes for a base MDX at about $36,000, MDX with Tech for about $39,500, and MDX Tech/Ent for about $41,500. These prices include freight and consider the $1,000 loyalty discount. These prices are in the Virginia/Maryland area.
At those prices plus the acquistion fee ($595) and a reasonable amount for dealer documentation (say $100 or so), the expected monthly lease payment, with $0 down, 12K per year, for 36 months, would be something like:
Even if you don't qualify for the loyalty if your husband buys the ILX first, you have an Acura and therefore would qualify.
A 740 credit score will get Acura's prime lease. A dealer with 88 2012s should be ready to deal.
Of course, the above quotes were not negotiated so there is likely some additional discount to be had.
#2474 of 2816 Re: Never leased..questions on 2 vehicles [dhammer]
Aug 14, 2012 (4:45 pm)
Yes, you can negotiate the price of the car, which will reduce your pmt.
#2475 of 2816 Re: Never leased..questions on 2 vehicles [czar4]
Aug 14, 2012 (7:28 pm)
Could/would they go as low as invoice? Or is there a certain limit they'll go down with leasing?
#2476 of 2816 Lease 2012 MDX with Advance Pkg
Aug 17, 2012 (9:06 am)
In San Diego. Can you give me the best price, money factor and residual percentage for this car.
#2477 of 2816 Acura MDX Lease Tech Package
Aug 17, 2012 (3:44 pm)
I just negotiated the following deal for a 36 month lease on an Acura MDX with tech pkg which includes an Acura loyalty $1000 credit, is this a good deal or should I try to get better?
$2000 down payment, includes first month payment
$480 per month for 35 months
Residual payment of around $25,700
Is the residual payment negotiable? I would like to purchase the car at the end of the lease. Please advise!!
#2478 of 2816 August residuals and money factors
Aug 18, 2012 (6:51 pm)
Hi car man,
do you have the August residuals and money factors for all mdx trims? thanks.
#2479 of 2816 Re: MDX lease [Car_man]
Aug 19, 2012 (7:21 am)
I got a lease offer for 2012 MDX with technology package for $589x 35 months.
All taxes are rolled in. First payment is $609 for registration and first month.
10 k miles a year.
Is this a good deal or should I shop around a little more?
#2480 of 2816 Re: Acura MDX: Lease Questions [Car_man]
Aug 20, 2012 (8:01 am)
Dear Car man,
I just leased a 2012 MDX with tech package and advanced running boards. The deal I received is as follow:
$2500 drive off
$499/month including tax ( I live in CA)
MSRP: $48,400, OTD price: $44,000
10K miles/ per year
Am I getting a good deal on my MDX? Please kindly advise. Thanks!
#2481 of 2816 Re: August residuals and money factors [devilsadvct33]
Aug 20, 2012 (3:34 pm)
Hi devilsadvct33. Acura's current buy rate lease money factor for all 2012 MDX trim levels is .00090 for consumers who qualify for its top aka "Super Preferred" credit tier.
This truck's 36-month, 15,000 mile per year residual values are 53% for the base model, 49% for the Advance, 48% for the Advance & Entertainment, 51% for the Tech and 50% for the Tech & Entertainment.
When negotiating your deal on this vehicle, make sure to take advantage of the $1,500 dealer cash that is currently available on it.
Prices Paid: Buying & Leasing Experiences Forum