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Prices Paid: Buying & Leasing Experiences Acura RDX Lease Questions
583 messages, Last post on Nov 30, 2009 at 3:53 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I've never leased before as I tend to keep vehicles for 6 to 8 years, so I don't know all the ins and outs. Without getting too technical, I was wondering if the new lease deal being offered (actually, looks like a continuation of same deal from October) is a good idea or not. With destination charge and options I would like, I'm looking at an MSRP of about $35K.
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Got an e-mail from So Cal dealer - base model $399 per month for 36 months with $2699 drive off. Of course she left out any details as to how they got this number.
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Why not check the acura website?? -- FEATURED SPECIAL LEASE: Closed-end lease for 2007 RDX Automatic Transmission (Model TB1827JNW) for $399.00 per month for 36 months with a $1,705.00 capitalized cost reduction available to customers who qualify for the AHFC super preferred credit tier. Other rates/tiers are available under this offer. $2,699.00 total due at lease signing (includes first month's payment, security deposit, acquisition fee and capitalized cost reduction; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like. Security deposit waived in lease example. Not all buyers may qualify. Subject to limited availability. Through January 2, 2007, to approved lessees by American Honda Finance Corporation. Closed end lease for 2007 RDX Automatic Transmission (Model TB1827JNW). For well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $33,665.00 (includes destination) less the suggested dealer contribution resulting in actual net capitalized cost $30,951.45. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $14,364.00. Option to purchase at lease end $20,535.65. Lessee responsible for maintenance, excessive wear/tear and 15¢/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20¢/mi. over 10,000 miles/year. See dealer for complete details.
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Replying to: drtravel (Nov 02, 2006 6:41 am) Anyhow this is the lease deal I proposed to the dealer: Here's the info I dug up: For October for 36mo/36K miles lease, the residual of a base RDX is 62% with a money factor of 0.0028. The SUV has a MSRP of $33,665 with an invoice of $30,774. The deal I'm looking for is for the capital cost to be $31,274 (with no capital cost reduction money from me). The SUV has a residual value of $20,872.30 so the monthly payment works out to be $434.95 + tax. Money due at signing is the first month's payment plus the $595 acquisition fee. If the November residuals and money factor change I'll have to update my calculations. I'll let you know what the dealer says
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Replying to: c_hunter (Nov 02, 2006 8:42 am) |
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Replying to: drtravel (Nov 02, 2006 9:31 am) It's not a super great lease deal -- I believe you can find lower interest rates by financing. The equivalent lease APR works out to 5.1% (was 5.9% in October).
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Hello everyone, I'm new to this forum...and i just got a quote from my local dealer in Brooklyn for the 2007 RDX with the tech package. The MSRP is $37,435, they are giving me a lease price of $554 tax in lease for 36 months with 12k miles/year...first month and bank fee due at lease signing ($1500). They claim that the only reason they can give me this "great' of a deal because we have the MDX on lease at this time. I was wondering if this is an alright deal or should i continue shopping around? Thanks a lot in advance for all your help! p.s. The lease price for the car without the tech package with the same terms is $450...i thought that was alright. thanks again 
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Replying to: klutzie (Nov 12, 2006 4:20 pm) But that was last week when the going rate was $2000 off MSRP. Now dealers are quoting $2500 off MSRP, but I haven't noticed an increase in sales in my area. If you wait a bit, Acura will most likely sweeten the deals to move inventory. |
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Car man do you know what the residual and money factor is on the 2007 RDX 36, mos. 12K miles? Thanks
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Replying to: c_hunter (Nov 02, 2006 9:39 am) Here are the lease offers in NJ I received via the Internet salespeople. All are for the base model with only 10k miles/year and include tax: - Acura of Denville $481/month - includes $911 in inception fees - Ryan's Open Road Acura in E. Brunswick $499/month - no other details - Springfield Acura $472/month - no other details - Montclair Acura no lease price, just "Pricing is set at $32,915.00 and $36,665.00 for the Tech Package" These are pretty mediocre numbers. I’d wait until there’s a real lease deal |
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