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Acura MDX Lease Questions

1637 messages,  Last post on Nov 30, 2009 at 3:34 AM

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What is this discussion about? Acura MDX, Car Leasing, SUV

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#33 of 1637 Re: October rates by Car_man HOST Oct 06, 2005 (3:45 am)
Hey someguy1. I have had an opportunity to take a look at the new October lease program for the 2005 Acura MDX and would be more than happy to give you an idea of what it is like. However, in order for me to do so I need you to tell me how long you want to lease for and how many miles per year you need to be able to drive it.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: someguy1 (Oct 06, 2005 10:13 am)
#34 of 1637 Re: 2005 vs 2006 [Car_man] by nolefish Oct 06, 2005 (4:13 am)
Replying to: Car_man (Oct 06, 2005 3:43 am) Car_man - thanks for the response. I have not negotiated on a particular vehicle yet. I'm just trying to get an idea of how much more, if any, an '06 is going to cost vs an '05 on a lease basis. It seems like anytime there is a new model year coming out the old model year ('05) can be a better deal if they significantly discount the price OR the new model year ('06) could be a better lease deal if the residuals and money factors are stronger (than on the '05). I'm just trying to determine where the MDX is on that balance.   What did you mean by "Acura will probably not initially provide any sort of lease support on the '06 MDX though."?   Finally, I plan on leasing for 36 months and will want 15,000 miles per year. I will probably pursue a Touring model and possibly add a DVD system. That leads to another question. I would prefer a DVD system with the screens in the headrests instead of a flip down screen (blocks the rearview mirror). Is there any way to have an aftermarket DVD system installed and have it incorporated in the lease?
#35 of 1637 Re: October rates [Car_man] by someguy1 Oct 06, 2005 (10:13 am)
Replying to: Car_man (Oct 06, 2005 3:45 am) Sorry Car_Man...   I would be looking at 36 months and 15K miles   thanks ka
#36 of 1637 Re: Re: lease deal [Car_man] by fsudreyer Oct 06, 2005 (8:36 pm)
Replying to: Car_man (Oct 03, 2005 3:03 am) Car_Man, seems like you know a lot about the leases so I need to ask for a deal on the fully loaded touring,navi,res 05 with 15k miles for 36 months. What would be the payment if the car was sold at or around invoice with little or no money out of pocket. Approx is fine, not looking for exact. I think I saw one of your post that suggested approx 450 month 36 months but how much out of pocket? Thanks, fusdreyer.
#37 of 1637 Re: Re: 2005 vs 2006 by Car_man HOST Oct 13, 2005 (3:06 am)
You're welcome nolefish. The fact that you will be able to negotiate a lower selling price on a 2005 MDX right now and that Acura is providing lease money factor support on the 2005 model, but not the 2006 model, will almost certainly more than offset the fact that the 2006 model will have slightly higher residual values when it hits lots. I suspect that you will be able to get a much lower lease payment on an '05 MDX than you will be able to get on an '06 MDX at this time.   If a manufacturer is not providing special lease money factors on a vehicle and you want to lease it through its captive finance company, in this case Honda Finance, you will have to use its standard lease money factors. On this particular model, Acura's money factor on the 2005 MDX is .00160, but since is is not supporting the 2006 MDX yet its money factor is higher at .00250. These are equivalent to interest rates of 3.84% and 6.0%, respectively.   You probably can have an aftermarket entertainment system put into your leased MDX rather than going with the factory installed one. However, aftermarket parts, like DVD screens in vehicles' headrests, cannot be residualized. This means that you will have to pay for the full cost of the system that you have installed over the course of your lease, rather than for just a percentage of it like you would have been able to do with a factory installed system. Let's say that the DVD system that you want costs $2,500 and you lease for 36 months. Having it put in your leased MDX will increase your monthly payment by almost $70 per month.   Car_man Host Smart Shopper / Prices Paid Forums
#38 of 1637 Re: Re: October rates by Car_man HOST Oct 13, 2005 (3:24 am)
Don't worry about it someguy1, it happens all the time. OK, if you were to lease a 2005 Acura MDX (non-Touring and without navigation or rear entertainment) through Honda Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00160 and 58%, respectively.   Car_man Host Smart Shopper / Prices Paid Forums
#39 of 1637 Re: Re: Re: lease deal by Car_man HOST Oct 13, 2005 (3:30 am)
Thanks fusdreyer. A fully loaded 2005 Acura MDX Touring with both the entertainment and navigation systems has an MSRP of $44,545 including destination. If you were able to lease one at dealer invoice, which would be impressive, that would give you a capitalized cost of $40,180. Using these numbers and Honda Finance's current lease program for this truck, I estimate that its 36 month, 15,000 miles per year, zero down, pre-tax monthly payment should be around $563. With this deal, at lease signing you would have to pay your first month's payment, a security deposit of around $600, Honda Finance's acquisition fee of $595, and any required state taxes or fees.   Car_man Host Smart Shopper / Prices Paid Forums
#40 of 1637 Leasing '05 Touring by msa6 Oct 14, 2005 (2:48 pm)
What are people seeing on leases for '05 touring MDXs? I was offered roughly $470/month with 15,000 miles. $1599 down, against a selling price of $38,000 (way too high, in my opinion), $595 lease acquisition fee and $500 deposit, along with tax/tags. 36 months, 56% residual on the 15,000 miles.I'm thinking I should do better, no? Replies to this message: stillsearching (Oct 17, 2005 12:21 pm) tsxowwner (Dec 31, 2005 6:32 am) Car_man (Jan 08, 2006 6:26 am)
#41 of 1637 Re: Leasing '05 Touring [msa6] by stillsearching Oct 17, 2005 (12:21 pm)
Replying to: msa6 (Oct 14, 2005 2:48 pm) In Boston area today I was quoted $600 per month (including taxes) with $875 down for 45,000 miles, 36 months for a 05 Touring with Nav. Does that sound look a good deal?
#42 of 1637 Re: Leasing '05 Touring by Car_man HOST Oct 24, 2005 (2:19 am)
Hi msa6. A 2005 Acura MDX Touring without the entertainment or navigation systems has a dealer invoice price of $36,400. The price that you were quoted, $38,000, is $1,600 over invoice which is not bad considering that it is a discount of over $2,300 from this truck's full MSRP. Having said this, if you are in an area where there is a decent level of competition for your business I would not be surprised if you were able to beat this deal. You may want to stop by the following discussion to see how much other community members have paid for similar trucks lately: "Acura MDX: Prices Paid & Buying Experience".   I notice that the deal that you were quoted requires a $1,599 down payment. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your MDX would be exactly the same, regardless of whether you had put $1,599 down, or had made absolutely no down payment at all.   Car_man Host Smart Shopper / Prices Paid Forums

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