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Acura RDX Lease Questions

514 messages,  Last post on Oct 07, 2008 at 6:37 AM

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


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#469 of 514
RDX Tech Pkg - Los Angeles, CA by clee10
Jul 07, 2008 (7:57 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 514
Re: RDX Tech Pkg - Los Angeles, CA [clee10] by af145
Jul 08, 2008 (7:06 am)
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Replying to: clee10 (Jul 07, 2008 7:57 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 514
New money factor rates 7/8/08 by golfball
Jul 09, 2008 (6:03 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 514
Re: New money factor rates 7/8/08 [golfball] by angelina247
Jul 09, 2008 (9:19 pm)
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Replying to: golfball (Jul 09, 2008 6:03 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 514
Re: New money factor rates 7/8/08 [golfball] by af145
Jul 10, 2008 (6:40 am)
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Replying to: golfball (Jul 09, 2008 6:03 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 514
Re: New money factor rates 7/8/08 [af145] by af145
Jul 10, 2008 (11:05 am)
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Replying to: af145 (Jul 10, 2008 6:40 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 514
Re: New money factor rates 7/8/08 [golfball] by roadwarior8
Jul 11, 2008 (6:40 am)
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Replying to: golfball (Jul 09, 2008 6:03 pm)

It's actually .00154, but who's counting?
#476 of 514
Re: New money factor rates 7/8/08 [roadwarior8] by golfball
Jul 11, 2008 (11:39 am)
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Replying to: roadwarior8 (Jul 11, 2008 6:40 am)

Any ideas why Honda would increase the money factor rate?
 
Doesn't seem like that is what a slumping industry would need.
#477 of 514
Re: New money factor rates 7/8/08 [golfball] by roadwarior8
Jul 11, 2008 (12:01 pm)
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Replying to: golfball (Jul 11, 2008 11:39 am)

Interest rates are on the rise industry wide...even the credit unions interest rates went up .4%
#478 of 514
Re: New money factor rates 7/8/08 [golfball] by roadwarior8
Jul 11, 2008 (12:09 pm)
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Replying to: golfball (Jul 11, 2008 11:39 am)

By the way, why is your MSRP so high...do you have accessories included in that?

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