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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1634 messages, Last post on Nov 24, 2009 at 8:15 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: msa6 (Oct 14, 2005 2:48 pm) |
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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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Hello stillsearching. You never mentioned the selling price or MSRP of the truck that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this vehicle's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 24, 2005 2:20 am) I just got a quote on a lease for a '06 Acura MDX (MSRP $44,500) with absolutely everything for $1650 out the door (no cap cost reduction), 12k per year, $610 + tax for 42 mos., or $653 + tax for 36 mos. I leased a '05 RL for less than the above which makes me think I could do better. What do you think? Thanks. |
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I got an offer in Saint Louis to lease the Acura 2005 MDX touring with Nav and Entertainment system for $627/month (including taxes), no money down on a 42 month lease at 15,000 miles/year. Selling price woule be $38,987. Alternatively a 36 month lease on the same vehicle with a selling price of $40,487 came to $647/month (including taxes) with no money down for taxes or registration costs. Can I do better ? Cseetham |
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Recently I helped my sister in law lease an mdx. Agreed to terms on one not in stock but assured it would be in in about a week. Now they say it won't be in till the 22 of november. She has allready signed paperwork on this lease. Would it be possable to refuse delivery on vehicle unless dealer makes up one month payment for delivery being so late? What are some other options? She still wants the car. Just trying to figure out how to not pay on a car she can't drive? Thanks all for input and advice....Dan
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Replying to: dhamilton (Oct 28, 2005 9:33 am) If that turns out not to be the case... then you have problems... but, I doubt it.. regards, kyfdx Host-Prices Paid Forums |
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Hi everyone. I just wanted to let you all know that unfortunately, Acura is not providing any sort of special lease program on the 2005 MDX any longer. you can still lease one, but if you do so through Honda Finance you will have to use its standard lease program. The good news is that since this truck does not have any special lease program available on it, the $1,500 dealer cash that Acura is providing on it can now be used to reduce the capitalized costs of leased vehicles. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Nov 03, 2005 4:00 am) Can you please provide me with the November Honda Finance money factor and residual value for the 05 and 06 MDX for a 3 year 12k per year lease on both the base model and the touring model, no nav or res.
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Hello Car_man= I was given the following lease quote for an 06 MDX Touring w/ Nav, is this a good deal? 42 month lease with 15k miles a year. MSRP: $43,315 Cap cost: $39,895 Residual percent: 54% Residual value: $23,552.10 Side steps: $648 installed Drive offs: $2,495 Base payment: $538.77 Tax: $41.75 Total monthly: $580.52 Thanks!
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