Last post on Dec 04, 2013 at 9:56 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura RDX, Car Leasing, Car Buying, SUV
#230 of 944 Re: Deal or No Deal ?? [sugrad]
Nov 05, 2007 (6:44 pm)
Just wanted to post details on a lease that I just signed at DCH Acura in NJ.
2008 RDX Tech with Roof Rack and Ski Rack
Black on Black
Sell Price: 35,662
Lease Term: 36 months
Residual: 55% or 20,575
Money Factor: .00155 (Super Preferred)
MV Fee: 282
Acq Fee: 595
Doc Fee: 199
Upfront Taxes 7%: 879
First Payment: 390
Total Monthly Payment Including Taxes: 390
#231 of 944 What does the money factor mean ?
Nov 05, 2007 (7:52 pm)
Pardon the ignorance but I never leased before.
Is a lower money factor like the .00155 gotten by spd1980 better or worse than the .002750 I was offered ?
I was trying to get an apr from the dealer but they said leasing arrangements don't use apr.
So I need some help to figure out Deal or No Deal.
#232 of 944 Re: Deal or No Deal ?? [spd1980]
Nov 05, 2007 (10:09 pm)
I leased an 08 RDX with Tech two weeks ago from Springfield Acura in NJ for $506 a month, tax included, with $1500 total out of pocket. Although I am very good with numbers, the bottom line with me is always how much am I paying a month. Residuals and money factors are all well and good, but isn't the most important thing your monthly payment and coming up with as little as possible at signing? By the way, is this a good deal or did I get taken? By the way, although I like the car, the mileage is worse than I thought it would be and I wasn't expecting much.. I am getting about 10 MPG doing mostly city driving, worse than my WRX. Also, the acceleration is mediocre at best to me and I am used to turbos.
#233 of 944 Re: What does the money factor mean ? [sugrad]
Nov 06, 2007 (3:34 am)
I am new to leasing also but from my research you want the lowest money factor possible. This is usually based on what the leasing company is offering at the time you are shopping and should be the same at all dealers. Car_man can probably confirm the .00155 number bu since it is the beginning of the month it should be the same for you if you credit is good and you qualify.
As an example, using my exact lease deals in a leasing calculator my monthly payment would go from 390 to 450 a month or an increase of 60 dollars a month.
#235 of 944 Re: Acura RDX: Lease Questions [jtep24]
Nov 12, 2007 (8:08 am)
Hi. Where did you get that price? Thats a great deal. I've been looking and haven't found anything that good.
#236 of 944 Re: Acura RDX: Lease Questions [gurtyb]
Nov 16, 2007 (12:28 pm)
$506 is hard price to beat but I work fo a leasing company and I can do this car for $519 a month for 36 month and 10,000 miles per year.
#237 of 944 2008 RDX (Base) Lease
Nov 16, 2007 (7:53 pm)
Just got an 2008 RDX Base w/1620 Out of Pocket:
33645 Gross Cap Cost w/Mats, Wheel Locks, Cargo Tray & Splash
999 Cap Reduction
146 Multiple Taxes & Fees
475 1st month
36mos 475 10K/Yr incl Tax (442 + 34) - 19668 Residual
Not quite as good as I've seen but better than most using a Broker
Honda Finance as Lessor. Did I get a good deal? Info available if desired.
#238 of 944 Re: 2008 RDX (Base) Lease [archivist]
Nov 17, 2007 (3:59 pm)
Ok...I'm a real novice...I just quoted from a NJ dealer- $468 per month (total with tax)...$1506 total down...36 months...15,000 miles. This is for the RDX base...is this offer too good to be true? I've asked about additional fees....yada, yada, yada,...they keep saying that's it. Is there something I'm missing? I'm a single female and just a little concerned.
#239 of 944 Re: Deal or No Deal ?? [nschulman3]
Nov 17, 2007 (7:08 pm)
Dealer is offering a similar deal. (08 RDX Tech)
$507.85 (All Inclusive) a month for 36 Months/10 K miles
$37443.00 (All inclusive)
$653.00 a month for 60 months (4.9%) with $3000.00 down
What do you guys think?