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Acura MDX Lease Questions

1227 messages,  Last post on Aug 21, 2008 at 11:25 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#542 of 1227
Re: Lease questions [Car_man] by drsnocaps
Mar 26, 2007 (10:04 am)
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Replying to: Car_man (Mar 26, 2007 4:15 am)

What should a 60 Mo lease on an '07 Tech/Ent $43875 run me? I've been getting quotes all over the map :-/
 
We live in Cary, NC
#543 of 1227
Re: Boston MA lease questions [Car_man] by gr8deal
Mar 26, 2007 (4:29 pm)
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Replying to: Car_man (Mar 26, 2007 4:15 am)

Thanks, Car-man. I'll get back to you with the specifics of the exact MDX I'm interested in. I appreciate your help.
 
Another question -- I can't locate a copy of my original lease paperwork. Would Acura be able to provide it to me, or do I have to go back to the dealership? (and if so, would they give me any hassles about this request?)
#544 of 1227
Re: Lease questions [drsnocaps] by Car_man HOST
Mar 27, 2007 (3:03 am)
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Replying to: drsnocaps (Mar 26, 2007 10:04 am)

Hi drsnocaps. It really is not in your best interest to lease this vehicle for 60 months. To begin with, it only comes standard with a 4 year / 50,000 mile basic warranty. That means that you will have to pay for anything that goes wrong with it over the final year of your lease out of your own pocket. Furthermore, a lot can happen over the course of five years to cause you to want to get out of this lease and doing so is usually very expensive. For example, your commute could change causing you to go way over your mileage allowance, you could just plain get sick of the truck, your financial situation could change causing you to want a more / less expensive vehicle, etc... You would be better off going with a 36 to 39 month lease, or a 48 month one at the longest.
 
Car_man
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Prices Paid Forum
#545 of 1227
Re: Boston MA lease questions [gr8deal] by Car_man HOST
Mar 27, 2007 (3:04 am)
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Replying to: gr8deal (Mar 26, 2007 4:29 pm)

No problem, gr8deal. Both Honda Finance and your dealer probably have copies of your original paperwork, but neither will probably be thrilled about digging it up for you.
 
Car_man
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Prices Paid Forum
#546 of 1227
April Money Factor by oghowie
Apr 03, 2007 (5:29 pm)
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Hi Car Man,
 
Do you have the current Money Factor and residual on a 3yr 12k mile lease for APRIL? I'm interested in a 2007 MDX with Sport.
 
Thanks!
#547 of 1227
Got my MDX Sport at Sierra Acura in Alhambra by oghowie
Apr 05, 2007 (11:37 am)
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Ended up leasing a 2007 MDX Sport for $42,588 at Sierra Acura in Alhambra, CA. You have to go through internet sales and they're only selling it at this price because they got an extra shipment in. Not sure if the other packages will have such a good discount.
 
Tell them Howard sent ya!
#548 of 1227
Thanks in advance for your help... by mjestew
Apr 05, 2007 (6:44 pm)
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2007 Acura MDX with Tech Package
 
MSRP: 43,495
 
Purchase Price: 40,500
 
Lease Term: 42 months
 
No down payment
 
Excellent credit
 
What is the money factor and residual value?
 
Thanks.
 
Michael
#549 of 1227
Re: Thanks in advance for your help... [mjestew] by mjestew
Apr 06, 2007 (9:15 am)
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Replying to: mjestew (Apr 05, 2007 6:44 pm)

Car Man,
 
I forgot to add the mileage - 12 K miles/year.
 
Thanks again.
 
Michael
#550 of 1227
Here are the numbers from my lease deal. by oghowie
Apr 06, 2007 (10:52 am)
Reply
I leased a 2007 MDX Sport for 36 months at 12,000 miles.
  
MSRP: $46,265
Cap Cost: 42,588
Acq Fee: 595
Down: 3.86 (just to make my due at lease even)
MF: .0029 (can do a security deposit for .0028 mf)
Residual: 59%
Sales Tax: 7.75%
  
Due At Signing
First month + tax / license fees: $1097
  
Total Montly Fee: $695.60
#551 of 1227
Re: Money factor and residual for 36 month, 12k/year [Car_man] by yogen
Apr 06, 2007 (12:40 pm)
Reply

Replying to: Car_man (Mar 26, 2007 3:47 am)

Thanks, Car_Man for your response.
 
The final deal I got for the 2007 MDX with Tech Package was as follows:
 
- 36 months, 12k miles/year
- $1,600 down - including 1st payment, $500 sec deposit, tax, title registration etc
- $635/month
 
My first preference of colors was in stock with this dealer, so I'm not sure whether I got a special price for an in stock car or not.
 
After negotiating, and agreeing to the above deal, I ended up changing my mind and decided to purchase instead. I paid $40,280 + Taxes (7%) and Registration.
 
This was from Open Road Acura of Wayne, NJ.
 
Cheers,
Jay

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