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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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#77 of 514 Where do you get Honda Finance rates? by eddieloveselwa Feb 21, 2007 (3:24 pm)
Car_man, This is a great forum.. I have been lurking for the past month or so and i am ready to pull the trigger on an RDX lease.   The dealer i spoke to in the Boulder, CO area touted the advertised 3k down, $379 a mos for 10k miles deal.   When i presented some of the information from your posts regarding Honda Finance rate lease money factor and residual values, he gave me the typical, "You cant believe what you read on the internet" and "people are just trying to brag about deals better than they actually got" line.   I know this is dealer speak and believe the information you post on this site. i would love to be able to throw some facts in his face but obviously showing him a link to this forum wont cut it. How can i actually get the dealer to admit the current Honda Finance rates??   many thanks!!!! Replies to this message: Car_man (Mar 08, 2007 5:06 am)
#78 of 514 How good is this deal? by rnmom Feb 27, 2007 (8:21 pm)
Just got back from n NEw JErsey dealer 2007 without tech pkg. 36months 10k ,with 1000 down money factor of 0...1460% $479 included is the 3 months I have left on my Honda lease (Looks like the same figures you have in previous postings) residual 58% etc Is this the best I could hope for also as most dealers a bit for pressure to sign before the end of the month. I was hoping to bargin for a better deal Do you think I can? If I decide to pay the 960 upfront the monthy becomes 450 HElp so confused Replies to this message: tsune (Feb 27, 2007 10:02 pm) stephlite (Mar 04, 2007 6:34 pm) Car_man (Mar 08, 2007 5:13 am) Car_man (Mar 08, 2007 5:09 am)
#79 of 514 Re: How good is this deal? [rnmom] by tsune Feb 27, 2007 (10:02 pm)
Replying to: rnmom (Feb 27, 2007 8:21 pm) What is 3 months left on Honda lease worth? Hard to determine with that included in your price. As reference, in January I got 2007 w/o tech 36mts, 12k/yr, no money down, same money factor and I believe 59% cap redu rate for $395.28 in NYC. Don't believe you have a great deal. In order to get the payment down to $450 you need to put another 1K down? I did pay $1900 for tax, title, reg, prep etc to walk out with car but I assume you will have to pay that in addition to your money down. Good luck! Replies to this message: stephlite (Mar 04, 2007 6:34 pm) Car_man (Mar 08, 2007 5:13 am)
#80 of 514 Lease Deals by stephlite Mar 04, 2007 (6:34 pm)
Replying to: tsune (Feb 27, 2007 10:02 pm) Most people here are talking about purchase price and I would love your help on lease prices. It seems that everyone here says you can probably get the car at/below invoice. Does the following logic make sense then?   The invoice price on the RDX w/Tech is approximately the same as the MSRP used to calculate their current lease deal on the non-tech package ($369 per month/$2999 at signing). Can I then assume that I should be able to negotiate a lease deal for the Tech package at those same numbers they are offering for the non-tech package?   Any help is most appreciated. Thanks! Replies to this message: Car_man (Mar 08, 2007 5:13 am)
#81 of 514 RDX Lease by mjo1 Mar 06, 2007 (12:07 pm)
Here's my deal. Please tell me what you think.   $32,112 cap cost (invoice + destination charge+ acq. fee) money factor of 0.00108 (2.59%) residual of 19,189 (57%) 36 months, 12,000 miles No security deposit $476/month with NOTHING DOWN, and includes taxes, title, registration, etc. (all I do is pay the first month before I drive away) The monthly payment also includes the $773 payoff on my existing lease (4 months left 3.5% interest). Replies to this message: Car_man (Mar 08, 2007 5:14 am)
#82 of 514 Re: Where do you get Honda Finance rates? [eddieloveselwa] by Car_man HOST Mar 08, 2007 (5:06 am)
Replying to: eddieloveselwa (Feb 21, 2007 3:24 pm) Thanks eddieloveselwa. I'm glad that you enjoy it so much. The money factors and residual values that I have mentioned in this discussion are definitely right. The dealer that you are working with knows that Honda Finance's current buy rate lease money factor for a 36 month lease of a 2007 Acura RDX is .00108 for consumers who qualify for its "Super Preferred" credit tier. If the dealer is unwilling to admit this, just tell them that you are going to work with a dealer that is more truthful with you. Negotiate the lowest selling price that you can on the RDX that you want and then have the dealer calculate your monthly payment using the aforementioned money factor.   Car_man Host Prices Paid Forum
#83 of 514 Re: How good is this deal? [rnmom] by Car_man HOST Mar 08, 2007 (5:09 am)
Replying to: rnmom (Feb 27, 2007 8:21 pm) Hi rnmom. If you are confused about how leasing works, you definitely should check out the following informative articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. The will explain exactly how leasing works for you.   Basically, you want to negotiate the lowest selling price that you can on the truck that you are interested in and then have the dealer that gives you the best price calculate your truck's monthly payment using its buy rate lease money factor. You never mentioned the MSRP or selling price of the truck that you got a payment quote on. If you tell me what these numbers are I would be happy to give you my opinion on this deal.   Car_man Host Prices Paid Forum
#84 of 514 Re: Lease Deals [stephlite] by Car_man HOST Mar 08, 2007 (5:13 am)
Replying to: stephlite (Mar 04, 2007 6:34 pm) Hi stephlite. If I was in the market for an Acura RDX right now, I personally would shoot for a selling price of around $500 over dealer invoice. Let's use this as a guideline and calculate a lease payment on this truck for you. According to my calculations, if you were to lease a 2007 Acura RDX Tech that has an MSRP of $37,165 and a selling price of $34,645 ($34,145 invoice + $500) through Honda Finance right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $455. This will give you an idea of what sort of payment to expect on this model.   Car_man Host Prices Paid Forum
#85 of 514 Re: RDX Lease [mjo1] by Car_man HOST Mar 08, 2007 (5:14 am)
Replying to: mjo1 (Mar 06, 2007 12:07 pm) Hi mjo1. Dealer invoice is a good selling price for this truck. Plus the dealer that you are working with used Honda Finance's current buy rate for it to calculate your monthly payment. This looks like a very good deal to me. If you like the truck, I personally don't see any reason not to pull the trigger on this deal.   Car_man Host Prices Paid Forum
#86 of 514 Lease Deals by stephlite Mar 08, 2007 (2:43 pm)
Thanks Car Man. Very helpful. And so if I want to agree to their lease deal that includes the $2,000 cap cost reduction, then I'm looking at around $400 per month, plus tax. What are your thoughts on zero down vs some money down? Replies to this message: mjo1 (Mar 09, 2007 5:30 am) Car_man (Mar 26, 2007 4:20 am)

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