- #1573 of 1639
-
Re: 09 mdx lease - deal or no deal? [mdx8]
by jayrider
-
Oct 19, 2009 (7:28 am)
-
|
|
Replying to: mdx8 (Oct 18, 2009 4:33 pm)
It is what it is -- $621 plus fees and taxes per month. No lease support of course so not very good like all current leases. Good luck.
|
- #1574 of 1639
-
Re: 09 mdx lease - deal or no deal? [jayrider]
by mel10021
-
Oct 19, 2009 (11:42 am)
-
|
|
Replying to: jayrider (Oct 19, 2009 7:28 am)
Jayrider : Is your calculation on the above for a 36 or 29 mos ?
|
- #1575 of 1639
-
should i buy my leased mdx 07 tech+ent and sell it?
by gadlevin
-
Oct 19, 2009 (11:49 am)
-
|
Hey,
It's the end of the term for me.
It looks like i can buy it for about 28K but the local prices in my area (california SF bay area) is around 33K.
Should I buy it and then sell it quickly to make a few thousands? anybody with experience?
Gad.
|
- #1576 of 1639
-
Re: 09 mdx lease - deal or no deal? [mel10021]
by jayrider
-
Oct 19, 2009 (1:57 pm)
-
|
|
Replying to: mel10021 (Oct 19, 2009 11:42 am)
36 months
|
- #1577 of 1639
-
Re: should i buy my leased mdx 07 tech+ent and sell it? [gadlevin]
by jayrider
-
Oct 19, 2009 (2:08 pm)
-
|
|
Replying to: gadlevin (Oct 19, 2009 11:49 am)
If you buy it to sell you will pay sales tax --- brutal in ca. If you buy to keep then would seem ok. You could shop it to dealers to see if there is any trade-in equity on a new buy or lease. Don't tell what your payoff is or buyout. You could also sell it before the lease is up -- payoff the the car and keep the difference. No sales tax there. Don't know if the market is hot for the mdx but if it is then you might try. How many miles on it? Makes a big difference.
|
- #1578 of 1639
-
Re: 09 mdx lease - deal or no deal? [mel10021]
by mel10021
-
Oct 20, 2009 (6:13 am)
-
|
|
Replying to: mel10021 (Oct 19, 2009 11:42 am)
I get $658 - maybe I'm doing the math wrong ?
|
- #1579 of 1639
-
Re: 09 mdx lease - deal or no deal? [mel10021]
by jayrider
-
Oct 20, 2009 (6:57 am)
-
|
|
Replying to: mel10021 (Oct 20, 2009 6:13 am)
I'm no cpa so you may be right or I may be right or neither may be right.
msrp x residual = rv
cap cost - rv divided by 36 = A
cap cost + rv x money factor = B
A+B = monthly lease. No fees or taxes included.
Let me know if I'm missing something.
|
- #1580 of 1639
-
Re: should i buy my leased mdx 07 tech+ent and sell it? [jayrider]
by gadlevin
-
Oct 23, 2009 (2:26 pm)
-
|
|
Replying to: jayrider (Oct 19, 2009 2:08 pm)
Thanks jayrider. This helps a lot.
Since it's the first time i have a leased car-how can i sell it before? people will like to see a title right?
|
- #1581 of 1639
-
Re: should i buy my leased mdx 07 tech+ent and sell it? [gadlevin]
by jayrider
-
Oct 24, 2009 (6:37 am)
-
|
|
Replying to: gadlevin (Oct 23, 2009 2:26 pm)
Call the folks that hold your lease and say you have a buyer for the car. Ask how to proceed. It is probably just like selling a car you haven't paid off. The bank has the title in that case as well. You will turn the payment in and receive the difference.
|
- #1582 of 1639
-
Re: 09 mdx lease - deal or no deal? [mel10021]
by wallement
-
Oct 27, 2009 (9:06 am)
-
|
|
Replying to: mel10021 (Oct 20, 2009 6:13 am)
Your math is correct. It is $658/month. Jayriders formula is correct but must of been added up wrong.
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
SUVs 
