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SUVs Acura MDX Acura MDX: Lease Questions
1638 messages, Last post on Dec 04, 2009 at 9:43 AM
You are in the Acura MDX Forum. Your Hosts are steve_ & tidester
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Hi everyone. Please use this discussion to post any specific questions that you have about leasing an Acura MDX. Car_man Host Smart Shopper / Prices Paid Forums
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Hi, I live in Minneapolis and considering a lease. This is my first time leasing ANY vehicle so I just wanted to get an idea of the price negotiation in the leasing area. Currently Acura is offering a $399/month, 36month, $3k down and $23k purchase at lease end option. First of all - are dealers willing to negotiate on this deal or its pretty much firm and if they do what kind of deal can I expect ? What did they give for you ? Which things are most negotiable (new vehicle price, lease end(depreciated) value, monthly, down, option to purchase at lease end price, etc..) and what are not ? Secondly, is it a good idea to purchase an MDX at the end of the 3-yr lease at that price or it doesn't make sense ? Thanks!
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Greetings mdxfan2. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. As far as the specific lease that you mentioned goes, manufacturers usually leave a little meat on the bone so to speak with their advertised lease payments. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If you negotiate a lower selling price on this truck than the one that was used to arrive at the advertised payment, and there is a good chance that you will be able to, its monthly payment will be a little lower. The selling price is really the only aspect of leases that is negotiable. You need to make sure that the dealer that you are working with is using American Honda Finance Corp.'s buy rate lease money factor to calculate your truck's payment though. Consumers can and should lease vehicles without making any sort of capitalized cost reduction, aka down payment. If you opt for a zero down lease though naturally your monthly payment will be higher than if you had put money down. Vehicles' residual values, and in turn their lease-end purchase prices are not negotiable at lease signing. Some banks will negotiate the selling prices of leased vehicles a month or two before they are scheduled to end, but you can cross that bridge when you come to it. Car_man Host Smart Shopper / Prices Paid Forums |
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Looks like you have a new format. Just as good!!! You might see me on some other post (FX35-Audi Allroad-Pilot) I am in the market for a new SUV/Wagon. I am hoping to get the sept residuals and money factors of 2005 MDX's 3 years 15K a year Thanks KA |
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Hi someguy1. Here is the information that you are looking for. If you were to lease a 2005 Acura MDX (non-touring and without the navigation or entertainment systems, through American Honda FInance Corp. right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00160 and 58%, respectively. Let me know if you have any other questions. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 12, 2005 2:09 am) KA |
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Hi. I'm looking for touring w/Navi. got offered $39600 + Tax, etc. Leasing offer was as below. 42months. $700 20,000 mile /year Downpayment $1000 Is this good deal? Thanks for your reply. 
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You're welcome someguy1. The lease money factor for the loaded MDX that you are interested in would be the same, but its residual value for an otherwise identical lease would drop to 53%. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi clickclick. I would be happy to give you my opinion on the lease that you were quoted, however it would be a big help if you were able to provide me with this truck's full MSRP (including destination). Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: mdxfan2 (Aug 31, 2005 4:14 am) Purchase price - 34,300 (includes adding roof rack which is not standard on Base MDX) 42 months 15K /year Res val: 20,258 Monthly payment: 412.25 (plus 5% MA tax) Down: 3397 (1599 plus 1st month payment, plates/reg, bank fee, plates and registration, sec deposit, 5% tax) I have no idea if this is a good deal or not. I did try and negotiate the purchase price close to invoice and got them to throw in the roof rack after that. Its such a painful process -- back and forth to the manager with this and that, its enough to drive you crazy....I also was negotiating a trade in on top of everything else. I probably could have pressed for more off the purchase price, but frankly after about 2 hours, I was tired. Well, good luck. Its a great truck, can't wait to pick it up in a few days. I got Sage with black interior..... |
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