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Acura MDX Lease Questions

1240 messages,  Last post on Sep 04, 2008 at 5:50 PM

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

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#823 of 1240 Re: MDX Tech lease in NC [smith83] by Car_man HOST Dec 11, 2007 (4:31 am)
Replying to: smith83 (Nov 26, 2007 8:15 am) Hi smith83. One reason why the lease payment that you were quoted is higher than the others that you have seen mentioned is that your lease is based upon a very high mileage allowance, 18,000 miles per year. Most of the leases that I have seen mentioned hear include only 15,000 or 12,000 miles per year. Also, some community members have probably been able to negotiate a larger discount than $2,500 on their MDXs. $2,500 off of an '08 MDX Tech is probably right around $1,500 over dealer invoice. If you are in an area that has a decent level of competition, I would not be surprised if you were able to negotiate another $500 to $1,000 off of this truck's price by shopping around.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#824 of 1240 Re: Lease question, OC, CA [socalguy61] by Car_man HOST Dec 11, 2007 (4:36 am)
Replying to: socalguy61 (Nov 26, 2007 4:08 pm) Hi socalguy61. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Acura MDX with 10,000 miles per year are .00247 and 62%, respectively for consumers who qualify for its top credit tier and pay a security deposit at lease signing.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#825 of 1240 Re: Is this a good deal? [carnutz3] by Car_man HOST Dec 11, 2007 (5:00 am)
Replying to: carnutz3 (Dec 04, 2007 12:44 am) Hi carnutz3. $300 below dealer invoice is an excellent selling price for a leased Acura MDX. The $1,500 negative equity that you have is not ideal, I personally would wait until I was at least even on my trade to get something new, but if you really want to get a new vehicle now it is what it is. Make sure that the dealer you are working with uses Honda Finance's current buy rate lease money factor of .00247 to calculate your monthly payment and you should be all set.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#826 of 1240 Re: After the Fact...Did I get a decent deal? [hazelw] by Car_man HOST Dec 11, 2007 (5:05 am)
Replying to: hazelw (Dec 05, 2007 3:05 pm) Hi hazelw. This lease definitely appears to be a little on the expensive side to me. If there is another Acura dealer in your area, it wouldn't hurt to start shopping with them next time.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#827 of 1240 MDX TECH Lease offfer by vbc123 Dec 11, 2007 (6:38 am)
Dear Carman,   I was given the following offer for 08' MDX TECH by a local NJ dealer yesterday:   $499/mo* 36 Months 10,000 mi/yr. $2,999 Down*   * (Price does not include destination, tax, title, or license fees. Offer can not be combined with any other promotion, including special financing, lease programs, etc. Price Match Guarantee valid with a competitors purchase order, signed by the sales manager and customer, valid stock number, valid VIN number, and proof of deposit. Prior sales excluded. Expires 7 days after quote. Not valid after month's end. All vehicles are equipped with Protection Packages for an additional cost. Not responsible for typographical errors)   All the fees included in * above sumed up to around $1,960 as follows: Destination $715 Bank $595 Title, License, Doc, etc (don't remember exactly everything, but do remember the amt:) $650. I was able to negotiate to remove the $1310 (Destination and Bank), so the total fees on top of $2,999 downpmt are now $650.   How good is this deal? Does it imply good selling price given the 60% residual and .00247 MF that you mentioned earlier? I did not negotiate the selling price explicitly but was going off the assumption that the lease with the same terms and monthly pmt currently advertised on Acura.com for the BASE model was not a bad deal. So, considering that, it seems that I am paying basically the same price for the TECH that is being advertised for the BASE unless there is a catch somewhere, is there? Sorry for the long question, but I hope you can help.   Thanks!   VBC Replies to this message: Car_man (Dec 12, 2007 3:33 am) jgacura (Apr 03, 2008 9:57 am) jmpage2 (Apr 03, 2008 11:41 am)
#828 of 1240 Re: MDX 2008 TECH Residuals [Car_man] by jgura Dec 11, 2007 (8:26 am)
Replying to: Car_man (Dec 11, 2007 3:42 am) DEALER INSTALLED OPTIONS   Has anyone had an experience with add-ons like Roof Rails and Sport Running Boards on a lease? Are dealers adding these costs the the MSRP for lease calculation and residualizing the cost over the lease or are they simplying trying to charge you 100% of these costs over the lease term??
#829 of 1240 SUPPLEMENTAL SUV TAX in NJ?? by jgura Dec 11, 2007 (1:09 pm)
Received a quote for the MDX and this dealer broke down inception fees including a $166.55 NJ Supplemental Tax. He explained that "this is a new SUV Tax in NJ. It started on all the 2008 models. It has to do with the MPG"   Has anyone heard of this?? Is this accurate?? What if I buy in NY but live and register in NJ??   CARMAN - Any ideas?? Replies to this message: Car_man (Dec 12, 2007 3:42 am)
#830 of 1240 Lease Rates for 2008 MDX Tech/Ent by slojo Dec 11, 2007 (9:03 pm)
Does anyone know the residual and MF for 36 month/12000 miles per year for MDX with tech and ent? Deciding between this and a Lexus GX470 based on lease rates. Replies to this message: Car_man (Dec 12, 2007 4:00 am) slojo (Dec 12, 2007 7:00 am)
#831 of 1240 Re: 2008 lease [garrick] by Car_man HOST Dec 12, 2007 (3:13 am)
Replying to: garrick (Dec 06, 2007 9:43 pm) Hi garrick. It is difficult to predict what manufacturers will do with their future lease programs with 100% accuracy. The end of the year is typically the best time to purchase or lease a new vehicle. Manufacturers often pile on the support in order to hit annual sales goals. If I was in the market for an Acura MDX, I personally would probably pull the trigger on one in December. Again, it is difficult for me to say whether this is as good as its lease program is going to get though.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#832 of 1240 Re: Need Advice [znewman] by Car_man HOST Dec 12, 2007 (3:17 am)
Replying to: znewman (Dec 10, 2007 1:49 pm) Greetings znewman. If the payment that this dealer quoted you is $30 per month less than the one that the dealer that you have a relationship quoted you, chances are it is a decent deal. Still, it would be best to take a close look at this offer before pulling the trigger on it. I would be happy to give you a detailed analysis of this lease, but you never mentioned this vehicle's selling price or MSRP. 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 what this vehicle's selling price is 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. Let me know what these numbers are and I'll tell you what I think.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: znewman (Dec 12, 2007 9:43 am) soylentgreen (Dec 12, 2007 12:17 pm) znewman (Dec 13, 2007 5:38 pm) and 1 more...

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