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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1171 messages, Last post on Jul 04, 2008 at 8:46 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi, I live in Northern VA area and I have received the following proposal from Radley Acura Dealer in Falls Church, for an MDX 2008, Technology model. 36 months 12000 miles per year $550.00 per month $3500 down. Please let me know if this is a good deal, or should I drive a harder bargain? |
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I'm in the final phase of lease negotiations on a new MDX base model and am wondering if anyone has the new lease rates for April. Thanks
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Replying to: vbc123 (Dec 11, 2007 6:38 am) Thank you for the helpful info. My wife and I have/lease an '05 MDX Touring with NAVI and are looking to get back into the 2008 MDX w/Tech. I have done a lot of research and am trying to get back to $525/mo. I want to lease for 36 months and want 10,000 miles per year. We are returning the '05 with approx 19,000 (26,000) miles less than what we were supposed to have (45,000). So there is an advantage there for the dealer for sure.. not to mention the vehicle is in great shape. You say that you got $499 / Month with NJ sales tax you should be paying approx $534. If so could you tell me the dealer ship in NJ? I'm currently working with Bridgewater, Ocean, East Brunswick, Springfield and Princeton. Thanks again, jgacura
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Replying to: jgacura (Apr 03, 2008 9:57 am) Residual will probably drop another 1% across the board on the MDX for April but hopefully there will be a corresponding drop in the finance cost. I know that when comparing March to February the price on the lease actually went down by about $10 per month on the same lease I was looking at just because of the reduction in money factor. As far as getting extra value on the turn in of your '05 MDX.... good luck with that. Dealers typically won't give you a penny over residual and you are often lucky to get that. If you feel the car is worth more than the residual then consider buying it out at the end of the lease and selling it to a 3rd party for higher than the residual value. That's often the only way to come out ahead if you have a cherry car at the end of a lease. The only way you will get $500/month on an MDX Tech is to pay the lease down. Even at invoice price on a 10K per mile lease the payment will be over $500 per month before sales tax. |
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Hi. I was offered this deal yesterday to lease a base MDX. Please let me know your thoughts. Is it a good deal? Can I do better? Is there something in here that is probably more negotiable? Any and all comments welcome. THANKS MDX Base Term - 36 months 12k Miles per year MSRP - $40,910 Initial Cap Cost - $37,729 Total Add Cap Costs - $595 Adjusted Cap Cost - $38,324 L.E.V. % - 58% Lease End Value - $23,727 Money Fact Sell Rate - .00197 Base Monthly Rental - $527 Total Annual Fees - $161 Total Initial Fees - $57 Total Sales Tax - $569 Amount Due At Start - $762 Total Monthly Payment - $543 |
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Replying to: Car_man (Mar 24, 2008 2:57 am)
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Replying to: hemorse (Apr 05, 2008 3:44 pm) |
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First post...great forum! I'm shopping the MDX vs. the GX470 for my wife. We're going to lease because we can deduct part of the lease on business. Anyway, I worked out a deal of $800 over invoice on a Sports Package MDX. Total drives would be $1,710 which includes the bank fee, first month and registration. The problem - and it's a BIG problem - is that the dealer is telling me the residual on a 36 month, 12k/year lease is 52%. What a joke. Most of you are getting 58% residual on non-sport models. Is it possible the sport model has a 6% lower residual? Can't be.... With this ridiculous residual the $52,668 GX470 is $30 per month CHEAPER! Any thoughts on this residual? Thanks for the help.
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Replying to: rmrc (Apr 07, 2008 9:45 am) April residuals are not out yet but will likely be 1% lower than current ones and the money factor will move slightly lower to compensate. My wife and I went ahead and leased ours with March residuals (just a few days ago) because I was worried that with soaring gas prices, crappy US economy, etc, that residual could actually go down more than 1%.... this is unlikely but I tend to worry about these things. One advantage of leasing is that if the economy goes in the dumpster and the residual value of a vehicle plummets, it's the bank who is going to get screwed on that residual value, not you (they effectively are the ones who bought the car at that price). Residuals are below, remember they are for 15K lease and are for MARCH but might still be available because I don't believe the new April numbers are out yet. Add 2% to any of the numbers for a 12K vs. 15K mile lease. Also remember these residuals are from Honda finance, other banks, etc, might have different residual values. 2008 Acura MDX – 3/5/08 24 Month – Residual 66% of MSRP – .00197 Base Rate 36 Month – Residual 56% of MSRP – .00197 Base Rate 48 Month – Residual 46% of MSRP – .00220 Base Rate 60 Month – Residual 36% of MSRP – .00230 Base Rate 2008 Acura MDX Sport – 3/5/08 24 Month – Residual 61% of MSRP – .00197 Base Rate 36 Month – Residual 52% of MSRP – .00197 Base Rate 48 Month – Residual 42% of MSRP – .00220 Base Rate 60 Month – Residual 33% of MSRP – .00230 Base Rate 2008 Acura MDX Sport w/RES – 3/5/08 24 Month – Residual 61% of MSRP – .00197 Base Rate 36 Month – Residual 50% of MSRP – .00197 Base Rate 48 Month – Residual 40% of MSRP – .00220 Base Rate 60 Month – Residual 33% of MSRP – .00230 Base Rate 2008 Acura MDX Technology – 3/5/08 24 Month – Residual 64% of MSRP – .00197 Base Rate 36 Month – Residual 54% of MSRP – .00197 Base Rate 48 Month – Residual 44% of MSRP – .00220 Base Rate 60 Month – Residual 35% of MSRP – .00230 Base Rate 2008 Acura MDX Technology w/RES – 3/5/08 24 Month – Residual 63% of MSRP – .00197 Base Rate 36 Month – Residual 52% of MSRP – .00197 Base Rate 48 Month – Residual 42% of MSRP – .00220 Base Rate 60 Month – Residual 34% of MSRP – .00230 Base Rate
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Replying to: jmpage2 (Apr 07, 2008 10:00 am) Thanks again for the help.
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