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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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#71 of 1637 2006 MDX Touring with Navigation by groundsloth Dec 22, 2005 (6:50 pm)
Hello,   What are the current money factor and residuals for:   2006 MDX Touring with Navigation 12/15K over 24 months 12/15K over 36 months   Any dealer cash?   Thanks!
#72 of 1637 2006 MDX Touring with NAV and Entertainment by kelvestto Dec 24, 2005 (12:19 pm)
Hello All,   I was offered the followingg lease for the 06 Acura MDX with Entertainment (DVD), Touring and Navigation system. This is my lease term:   36 months / 12,000 miles per year $4000 out of pocket 1 year / 12,000 free scheduled maintenance services Free floor matts Free spoiler Free backup-sensor Wood-grain steering wheel Monthly lease payment is $455/month (tax,license fee included)   Is this a doable deal? Replies to this message: mdxwannabe (Dec 26, 2005 1:23 pm) Car_man (Dec 28, 2005 2:54 am)
#73 of 1637 Re: 2006 MDX Touring with NAV and Entertainment [kelvestto] by mdxwannabe Dec 26, 2005 (1:23 pm)
Replying to: kelvestto (Dec 24, 2005 12:19 pm) You're leaving out some important information. What was your agreed upon price for the MDX? In other words, what did you pay for the car? And what was your money lease factor and residual value? This will help decide whether or not this is a good deal.
#74 of 1637 Current Recent Grad Program by mtnsmith Dec 26, 2005 (4:00 pm)
We are looking into leasing an '06 MDX for my wife that graduated in May and I am trying to find out what kind of recent grad program Honda Financial is offering on this vehicle. The website says to see your dealer and my dealer referred me to the website and I told them the website told me to see the dealer...and so on(I was tired of being passed from manager to manager and hung up). I think I will find a different dealer. Thanks Replies to this message: Car_man (Dec 28, 2005 2:58 am)
#75 of 1637 MDX Lease Touring/Navi by mdx06 Dec 27, 2005 (9:54 am)
Offered this dealin LA: 06 Touring with/Navi MSRP 43,315   $37,725.41   $897 d/o $460 mo + tax ($495 mo) 36 months 12K   What do you think? Replies to this message: Car_man (Dec 28, 2005 3:11 am) mdx06 (Dec 31, 2005 1:51 pm) seekmdx (Dec 28, 2005 3:20 pm) mdx06 (Dec 31, 2005 1:48 pm)
#76 of 1637 Re: 06' MDX base lease [vickat] by kaipaji Dec 27, 2005 (10:39 am)
Replying to: vickat (Dec 07, 2005 9:01 am) Hello,   I am considering the same lease offer from Acura.   Have you already leased your MDX ? If so, what is the total price including tax.   Were you able to negotiate with the Dealership on the down payment ?   Thanks in advance Replies to this message: vickat (Dec 29, 2005 7:53 am)
#77 of 1637 I'm Back... by Car_man HOST Dec 28, 2005 (2:52 am)
Hi everyone. I've been away on vacation for a little while. I'm going to answer any questions that have been posted over the past couple of days. I would appreciate it if anyone who has an older question than than that they would still like to have answered would post it again. Thanks and Happy Holidays.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: vickat (Dec 29, 2005 7:49 am) Car_man (Jan 08, 2006 6:14 am)
#78 of 1637 Re: 2006 MDX Touring with NAV and Entertainment [kelvestto] by Car_man HOST Dec 28, 2005 (2:54 am)
Replying to: kelvestto (Dec 24, 2005 12:19 pm) Greetings kelvestto. Let me begin by saying that $4,000 is way too much money to put down on a lease. 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 $4,000 down, or had made absolutely no down payment at all.   Also, 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 truck'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
#79 of 1637 Re: Current Recent Grad Program [mtnsmith] by Car_man HOST Dec 28, 2005 (2:58 am)
Replying to: mtnsmith (Dec 26, 2005 4:00 pm) Hi mtnsmith. I don't believe that Acura is currently providing any special cash incentives on its vehicles for recent graduates. The special program that the web site mentioned may only be a matter of being more lenient in approving loans for recent graduates.   Car_man Host Smart Shopper / Prices Paid Forums
#80 of 1637 Re: MDX Lease Touring/Navi [mdx06] by Car_man HOST Dec 28, 2005 (3:11 am)
Replying to: mdx06 (Dec 27, 2005 9:54 am) Hello mdx06. I assume that the $37,725.41 that you mentioned in your post is this truck's selling price. If so, it is a heck of a good price. I suspect that it is well below dealer invoice. Let's use the prices that you mentioned to calculate a lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2006 Acura MDX touring with Navigation but without the entertainment system with an MSRP of $43,315 and a selling price of $37,725.41 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $437. As you can see, this is a little lower than the payment that you were quoted. The payment that I worked up assumes that you pay a security deposit and qualify for Honda Finance's top credit tier. If you don't qualify for the top tier or pay a deposit your payment would be a little higher.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: mdx06 (Dec 31, 2005 1:51 pm)

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