Last post on Nov 15, 2013 at 1:08 PM
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Acura MDX, Car Leasing, SUV
#2488 of 2810 2012 Acura MDX Base Model Lease - Socal
Sep 10, 2012 (1:41 pm)
This is my first post on this site. I figured since these posts really helped me figure out what deal to look for, I'll post information on the lease deal I got over at the Riverside dealership. I signed my lease on 8/31/2012.
2012 Acura MDX (Base):
The agreed upon Vehicle Purchase Price: $36,000
On the lease agreement, they put $37K but added $1K to down payment (given by the dealership), so it came out to be $36K
They added the acquisition fee of $595 at the end though,
so my real total was $36,595
Drive-Off (includes license fees, 1st mo. payment, etc..) = $975
Lease Term: 36 mos
MF: 0.0009 (~2.16% Interest Rate)
Residual Value: $24,598
Before 8.75% Tax: $388.33
After Tax: $422.30
This deal was made via email which made it very convenient for me since everything was pretty much set and done by the time I got to the actual dealership. I was contacted by a female sales rep and she was very quick and efficient. I talked to her a little on the phone and she was very professional.
Unfortunately, due to a family emergency, she could not help with the actual lease signing but she made sure to have another individual help me with the process. She was nice but I don't think she has much experience and she was not very enthusiastic so my experience via email and phone was pretty positive. However, my experience with the other individual who actually showed me the car and helped get the deal through, was not as positive. It wasn't bad per se but I think if the one I worked with via email & phone was there, the car buying experience would have been a bit more enjoyable.
Hope this helps! Also, please advise if you think I got a good or bad deal. I'm pretty happy with the deal I got and I plan to purchase the vehicle at lease end as long as no big issues come up.
#2489 of 2810 Re: 2012 Acura MDX Base Model Lease - Socal [mistyk1015]
Sep 10, 2012 (1:04 pm)
Wow...your payment is only $422.30 p/m....?
#2490 of 2810 Re: 2012 Acura MDX Base Model Lease - Socal [jdyszel]
Sep 10, 2012 (1:39 pm)
Yup, $422.30/mo. I think the timing worked out well because Acura was having good financing offers and as long as you qualify, you'll get a pretty good rate. However, I only get 10,000 mi/yr.
I just read that I should leave off salespeople's names. I'm going to have to edit my previous post.
#2491 of 2810 2012 Acura MDX Base Model Lease - TX
Sep 13, 2012 (8:47 am)
Car_Man: This is my first post on the site but have used this site several times over the years to negotiate good deals ... infinite thanks .
Nonetheless, it's time for a new lease and am getting the following on a 2012 Acura MDX Base lease:
Price of vehicle $37,986
Residual value $22,841
Monthly Payment: $545/mo. (includes TT+L)
36 months and 12k miles/yr.
Only first payment out of pocket at signing.
I think there is some movement on the final price of the vehicle however I am not sure if the residual is correct, can you please confirm. Also looking at a 2013 Volvo XC90 and will post lease info on the XC90 forum. Thanks in advance.
#2492 of 2810 Re: 2012 Acura MDX Base Model Lease - TX [bushidoben]
Sep 13, 2012 (10:56 am)
Is $545/mo. including tax or before tax?
#2493 of 2810 Re: 2012 Acura MDX Base Model Lease - TX [mistyk1015]
Sep 13, 2012 (11:51 am)
mistyk1015: The $545/mo. is including taxes (on a 2012 Acura MDX Base lease - 36 mo/12k yr).
#2494 of 2810 Re: 2012 Acura MDX Base Model Lease - TX [bushidoben]
Sep 13, 2012 (2:11 pm)
Welcome aboard bushidoben. Acura's September buy rate lease money factor and residual value for a 36-month lease of a 2012 base MDX with 12,000 miles per year are .00090 and 54%, respectively for consumers who qualify for its top credit tier.
If I was in the market for a 2012 MDX right now in an area that has a decent level of competition, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the available $3,000 dealer cash.
Prices Paid: Buying & Leasing Experiences Forum
#2495 of 2810 Re: 2012 Acura MDX Base Model Lease - TX [bushidoben]
Sep 14, 2012 (4:01 pm)
Thanks for the info. I posted the deal I got on my 2012 mdx base model on this forum about a week ago. It's not entirely comparing apples-to-apples since you get 12k/yr and I get 10k/yr.
My purchase price was 36K (1K-acura loyalty disc, 1.5K-dealer cash) with a residual of $24,598 at lease end (36 mo. lease). I checked the acura website right now and it looks as though their lease offers show a residual value of $24,158.75. I would think you could easily get that same higher residual value which would lower your monthly payment by close ~ $40/mo. (I assumed my sales tax of 8.75%-california).
The benefit to having a lower residual is if you plan to purchase the vehicle at lease end. However, if you do not plan to do so, I highly recommend trying to go down a little more on the purchase price and ask for the higher residual. Also, the MF of 0.0009 is equivalent to 2.16% APR which is a pretty good rate.
The downside is that your monthly lease payment will be higher due to the lower residual value. Hope this helped!
#2496 of 2810 Acura MDX Tech + Entertainment
Sep 29, 2012 (9:04 am)
Can you please post the money factor and residual value for a 2012 Acura MDX with Tech + Entertainment?
#2497 of 2810 Re: Acura MDX Tech + Entertainment [rundy]
Sep 30, 2012 (6:22 am)
Certainly rundy. Acura's September buy rate lease money factor and residual value for a 36-month lease of a 2012 MDX with Tech, Entertainment and 15,000 miles per year are .00090 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier.
When negotiating your deal on this truck, make sure to take advantage of the $3,000 dealer cash and an additional $1,000 in conquest or loyalty cash that are available on it.
Prices Paid: Buying & Leasing Experiences Forum