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Acura RDX, Car Leasing, Car Buying, SUV
#446 of 944 Re: RDX advertised lease special [zheka212]
May 30, 2008 (3:05 am)
Hi zheka212. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a base 2008 Acura RDX with 12,000 miles per year are .00082 and 61%, respectively. The numbers for an otherwise identical 36 month lease are .00082 and 53%. I believe that this lease program is scheduled to run through the beginning of July. While it is possible that Acura would make an unscheduled enhancement to it, the more likely scenario is this is what we'll see for the next month.
Prices Paid: Buying & Leasing Experiences Forum
#447 of 944 Re: RDX advertised lease special [Car_man]
Jun 03, 2008 (6:28 am)
Thanks for helping out!
I figured I had nothing to loose by waiting until June -- and it's possible my hunch was right. I got a call this morning from one of the dealers I've been talking to claiming "amazing deals" on both the RDX and MDX in June. When I tried pressing him for the numbers, he admitted the residual and MF have stayed the same as in May (53%, 0.00082 on the base). He refused to disclose rebate info, but did come back with
1200 total out of pocket
419/mo for a 36 month lease with 12k a year and 9% tax included for the base RDX.
My calculations are a couple of bucks off (I'm too lazy to model this exactly right in Excel), but I get a selling price somewhere around 30,400 from his offer (that's including destination). Last month the best I was able to get was 30,900. Would you be able to shine some light on any new lease incentives Acura has rolled out this month (on both base and Tech -- they had one specific to Tech back in April looks like)? The price looks good, but if Acura threw $1,000 at this truck, I see no reason to split it even with the dealer.
Thanks in advance,
(and to all the dealers out there -- yes, you do deserve to make money. Just no reason to make more money now compared to last month.)
Jun 04, 2008 (2:16 pm)
Hi Car Man.
Can you tell me if this sounds like a good deal on 2008 RDX with tech package.
Quote includes sport running boards, roof rack, and standard wheels with chrome finish.
36 month lease. 12,000 miles. $950 total cash at delivery. $530 per month which includes tax. My tax rate is 7.75% (Orange County, CA).
#449 of 944 2008 RDX Tech-Residual and MF
Jun 05, 2008 (10:28 pm)
Whats the June 2008 Residual and Money Factor for a 2008 RDX Tech?
#450 of 944 Re: 2008 RDX Tech-Residual and MF [dcomber]
Jun 06, 2008 (9:36 am)
I recently received a quote for RDX base, for $1200 total due at signing (includes first monthly payment), $418/mo.
I was told that MF is .00082 and residual is 51%. I was also told that Acura is offering $1000 dealer cash on the RDX beginning June 3rd.
#451 of 944 Re: 2008 RDX Tech-Residual and MF [tdubsdenver]
Jun 06, 2008 (11:25 am)
The 51% is for 15,000 miles. 10K is 58% and 12K I think is 53%.
#452 of 944 Re: 2008 RDX Tech-Residual and MF [tdubsdenver]
Jun 09, 2008 (7:34 am)
MF = 0.00082
10K - 54%
12K - 53%
15K - 51%
Don't know about Tech, but Acura kept the program from May (so search earlier in this forum) and did add the $1,000 lease cash.
I've agreed on a deal with $1,200 total drive off and $400 per month for 36 months and 10K a year. Selling price is about $200 below invoice. This is PA with DMV fees at around $160 and local tax of 9%.
#453 of 944 Re: 2008 RDX Tech-Residual and MF [zheka212]
Jun 09, 2008 (7:50 pm)
MF = .00082 (or 2%)
10K - 53%
12K - 51%
Dont know about 15k, but as zheka212 mentioned there is a $1000 in lease cash and $1500 for traditional financing/cash. If you do lease, make sure you mention and verify the $1000 lease cash because both dealers I went to didn't "disclose" it and one didnt even know about it until I mentioned it.
#454 of 944 Re: 2008 RDX Tech-Residual and MF [zheka212]
Jun 13, 2008 (8:59 am)
I'm getting at least $1300 drive-off + $490/mo for Tech, including NY taxes (8.375%). Based on your experience, I should be able to knock that down by $25-$30, since Tech is usually $50-$60 over Base.
#455 of 944 Re: 2008 RDX Tech-Residual and MF [af145]
Jun 14, 2008 (8:17 am)
Sussmanacura in pa
Not sure what 1300 includes - acquisition fees used to be higher in NY. My 1200 is 595 acq + 400 first month, aboui 160 in dmv fees and the change down payment. Use the calc on edmunds to check math - when I looked at tech vs base it was something like 460 vs 400. Make sure the car you are getting doesn't have extras like moldings etc. In nyc area 200 below invoice should be "easy" (before lease cash) maybe more if you contact enough