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Prices Paid: Buying & Leasing Experiences Acura RDX Lease Questions
494 messages, Last post on Jul 23, 2008 at 7:14 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: lakersfan2 (May 12, 2008 11:32 am) any chance you can include a breakdown of your lease? I'm looking at the following right now in NE PA: 2008 RDX Base 1,232 due at inception 461.60 monthly 36mo/36k lease When I do the math, this is what I get: MSRP: 33,910 Invoice (I assume this is the selling price): 31,220 Acquisition: 595 Residual : 53% MF: 0.00082 I get 1200 at inception, 445/mo. TTL + whatever fees = ~$160 Tax where I live is 9% Dealer claims he is doing the deal at invoice -- I didn't bother pushing him, since either my information is wrong, or he's full of it (unless someone corrects me, I choose door #2). Your deal would have to be about 2k below invoice. Is 1199 total drive off, or the actual down payment, and there was more $$ in addition for acquisition, first payment, etc? Can you post the actual selling price? Is your lease through Acura or a third party bank? I like the car, I just can't see myself paying more then $430/mo for it, and that does not look promising. Thanks!
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Replying to: zheka212 (May 12, 2008 1:09 pm) Tier 2 is .00132 (660-709) Tier 3 is .00191 (610-659) Tier 4 is .00251 (up to 609) Multiply by 24 to figure out what interest rate you're getting. Also your state license fee seems very low - but I live in california where it is ridiculously high so maybe you're right. I'd check on that license fee just to be sure. If anyone has additional info please feel free to add.
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Replying to: angelina247 (May 12, 2008 9:02 pm) Can anyone (Car_Man  ?) post the tier 1 numbers for a 24 and 36 month lease with 12 and 15 k/miles? Anyone able to negotiate a selling price below invoice? What was it? Were there exuberant dealer fees to make up for it? The dealers in PA are pretty straightforward so far -- my last lease included about $180 in TTL and doc fees (there was about a $50 mark up), so the $160 I was quoted with this lease seems right in line. Also, I've seen some folks post links to last months sales figures for Infinitis -- can anyone help out with Acura? I am curious to see what RDX sales look like. Thanks to all helping out!
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Replying to: zheka212 (May 13, 2008 8:40 am) You guys still out there? I'm in desperate need of accurate numbers for a 2/24 and 3/36 lease on an RDX. Also, I know this is extremely speculative, but you deal with this a lot more often then I do -- do you think I may be better off holding out until the end of June to lease an RDX? current lease is up on June 10 -- I can manage for a few weeks without a car. Any help much appreciated!!
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Replying to: angelina247 (May 12, 2008 9:02 pm) The deal is advertised on the Acura site for NY (Zip code 10306).
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Replying to: af145 (May 22, 2008 7:17 am) 399 is the monthly rent + interest (the payment is sans tax) Monthly rent is (31209.25-18311.4)/36 = 358.27 (cap cost - residual divided by number of payments) The interest portion is then 40.73 MF = monthly interest / (cap cost + residual) = 40.73/(31209.25+18311.4) = 0.000822 Which in turn matches the number provided by the dealer. (sorry, don't mean to sound condescending -- just wanted to show how I did the math). Acura's website says the deal is good through 7/7/2008, so I'm wondering if this means Acura plans to keep the current program running until then (hopefully introducing some lease cash in June to make this deal sweeter). When I leased my last car in 2005, Acura rolled out 1,500 lease cash on the MDX on June 9th. Hoping something like this happens with the RDX this year -- the 53% residual is making the deal too expensive for me. Thoughts?
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Replying to: zheka212 (May 22, 2008 9:10 pm) ). The at-signing amount of $2499 included Cap Reduction of $1505 (as well as $595 fee and $399 first month payment). After that, your Cap Cost drops to 29704, and the same calculation yields 0.001719. Acura of Brooklyn is now offering a cool $1000 off that deal: $1495 at signing, $399/mo for Base, $459/mo for Tech, 10K miles. This is still not as good as people were getting in NJ and Manhattan (see #420, $443 with $1530 total out of pocket -- as far as I understand, that was with tax and in April). I'll probably go there this Saturday, test-drive the car and try to negotiate. My "problem" is that I have a trade-in: Honda Accord 2002 with lots of scratches, but under 40K miles. I want to use it to reduce the monthly payments to well under $200 for base or about $200 for Tech. So, I can't just shop over the phone: they have to see the trade-in to give me the price.
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Replying to: af145 (May 23, 2008 8:06 am) . Anywho -- here's the blurp from Acura.com MSRP $33,910.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $31,209.25. --> so 31,209.25 is the cap cost after deducting 1505. When you visit the dealership, check the MF with them. I've spoken with Plaza yesterday -- and about 10 other dealers. There is one guy in Jersey willing to set the selling price at 31,000 -- everyone else wants to be a little above invoice, not below. Basically, Acura increased the MF from 0.00072 to 0.00082 going into May, and pulled $1,500 lease cash that used to be there for the Tech package. I'm trying to get to 1,200 total drive off (all fees + 1st month) and 435/mo with 9% tax -- meaning I want a selling price of about 30,900, but no luck so far. With a trade it gets more complicated -- so good luck this weekend. The car is a blast -- but MPG are pretty low in Bklyn (probbly around 14) so keep that in mind. Let me know how you make out!
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Replying to: zheka212 (May 23, 2008 8:19 am) As far as the SELLING price goes, Acura of Brooklyn gave me a quote of $30,219 for Base, $33929 for Tech. Would they use that as a lease Cap Cost -- dunno, will try. Of course, BUYING a premium-gas SUV with god-awful mileage in the current oil market is outright crazy... maybe that's why their quote is so low. Question: do you happen to know a decent salesman at that dealership? Last time I worked with Valeriy; this time I'm handled by Sydney. I don't like either; don't wanna go into reasons why.
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Replying to: af145 (May 23, 2008 10:02 am) Acura is offering $1,500 in marketing support -- but it can't be combined with leases/financing. I've had "quotes" for 29,600 -- too bad that's not the number used for cap cost. . Also, their service department is pretty horrible, so if you are planning to get the car serviced by a dealer and you are close to another one -- may be worth extra $5-10 a month to know that you will actually get a loaner if you ever need one, etc.
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