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Acura RDX Lease Questions

582 messages,  Last post on Nov 21, 2009 at 6:43 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Acura RDX, Car Leasing, Car Buying, SUV


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#467 of 582
RDX (base model no tech /add ons) by danirose
Jul 07, 2008 (5:08 pm)
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Hi,
Just test drove RDX today really liked the drive...sales person offered a lease of $2500 total out of pocket, 12K, $400 per mth including tax, 36mths. Also dealer would pick up $700 of my current lease? Good deal? They have to get the car from another dealer. They do have one in the showroom with tech that I like...any ance of negotiating that to the above terms...since its on their lot?
#468 of 582
Re: RDX (base model no tech /add ons) [danirose] by af145
Jul 07, 2008 (6:55 pm)
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Replying to: danirose (Jul 07, 2008 5:08 pm)

For a base, seems a little too expensive. What's the tax in your state? You should be able to shave $500 off the up-front. See zheka's deal somewhere in this thread.
 
Now, be wary about "getting the car from another dealer"! RDX 2008 is being phased out; they may not be able to find the car you like! I got stalled by a dealership for 2 weeks, until it was almost impossible to get ANY 2008 car. Ended up getting the same deal from another dealer... haven't picked up the car yet, but at least he got me a VIN number... keeping my fingers crossed here. So, if you agree to the deal, keep pestering them about the VIN EVERY DAY; keep calling other dealers until they give you a VIN; be flexible if they can't find the right color combination.
#469 of 582
RDX Tech Pkg - Los Angeles, CA by clee10
Jul 07, 2008 (6:57 pm)
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I just picked up my RDX w/Tech package for $399/mo (with tax is $425) and $1500 walk off. 36 month lease. Got the exact combination I wanted. This is a good time to get the RDX since the 2009's will be rolling in any day now. Thanks for all your help on this site. Good luck.
#470 of 582
Re: RDX Tech Pkg - Los Angeles, CA [clee10] by af145
Jul 08, 2008 (6:06 am)
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Replying to: clee10 (Jul 07, 2008 6:57 pm)

You guys at the lala land are lucky. Here in Gotham City, no dealer offered to beat $1300/$469. Believe me, I tried. A couple offered to match it, but no one gave me a better deal. Right now they are pretty much out of their 2008 inventory. Besides, blue tech RDX's seem to be as elusive as Midas' hand.
 
Congrats on your new car!
#471 of 582
New money factor rates 7/8/08 by golfball
Jul 09, 2008 (5:03 pm)
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On Monday night (7/7), I was negotiating terms on an RDX/tech and was told the money factor was .00082. The salesman gave me fair warning that 7/7 was a cutoff date for that rate.
 
Sure enough, I am now being told the money factor almost doubled - to .00155 or so (dont remember exactly).
 
I am no lease expert, but given the troubles in the car market and the upcoming '09 RDX release, it doesnt make much sense for Honda to make it tougher on the dealers/borrowers (which the higher money factor seems to do).
 
Can anyone confirm the higher money factor rate and provide insight?
 
BTW, the deal I am being offered today:
RDX/tech
36 month 10k
MSRP: 41,405
Sales Price: 35,995
$2000 due at close
$460/mo plus $30 taxes
 
Any opinions on that deal one way or the other?
 
Thanks
#472 of 582
Re: New money factor rates 7/8/08 [golfball] by angelina247
Jul 09, 2008 (8:19 pm)
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Replying to: golfball (Jul 09, 2008 5:03 pm)

Your're right. Something doesn't sound right. Are they saying that because they don't have many '08's left and they want you to purchase an '09? I would call around to other dealers to see what they say. With the economy being so bad it just doesn't make sense. People aren't purchasing CUV's in droves right now and are going for hybrids. I smell a dead rat. What do other people think?
#473 of 582
Re: New money factor rates 7/8/08 [golfball] by af145
Jul 10, 2008 (5:40 am)
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Replying to: golfball (Jul 09, 2008 5:03 pm)

That for '08 or '09? '08 -- ripoff; '09 -- bargain. Although... wait a sec... why is MSRP so high? Are you in Canada, by any chance? Or just have lots of dealer-installed accessories? Then just ignore me...
 
On Edmunds, it shows a $1500 rebate to dealer with a finance plan, $2500 without. I'm not sure if $1500 applies to a lease -- maybe not. Before 7/7, it used to be $1000, but that SURELY applied to a lease. I'm picking up my RDX '08 today, so I'll talk to the dealer about it. The finance rate is still 1.9% on 24 and 36 months. I think the dealer is playing with ya...
#474 of 582
Re: New money factor rates 7/8/08 [af145] by af145
Jul 10, 2008 (10:05 am)
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Replying to: af145 (Jul 10, 2008 5:40 am)

The dealer said that the $1500 would change the terms of the lease (MF and residual), so I'd end up paying more money. In fact, that's exactly what it sounded like on Edmunds.
 
So, it may be true that the terms changed on 7/7. My advice to someone shopping now would be to pay cash and take advantage of the $2500 rebate.
 
I'll pick up the car in a few hours and give a more detailed account of the events. So far, I got terrific service from this dealer. Knock on wood.
#475 of 582
Re: New money factor rates 7/8/08 [golfball] by roadwarior8
Jul 11, 2008 (5:40 am)
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Replying to: golfball (Jul 09, 2008 5:03 pm)

It's actually .00154, but who's counting?
#476 of 582
Re: New money factor rates 7/8/08 [roadwarior8] by golfball
Jul 11, 2008 (10:39 am)
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Replying to: roadwarior8 (Jul 11, 2008 5:40 am)

Any ideas why Honda would increase the money factor rate?
 
Doesn't seem like that is what a slumping industry would need.

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