lease rate question

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Old May 30, 2007 | 01:35 AM
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lease rate question

Typically for Acura, how long does it take for a new vehicle to be out before they begin reducing the lease rate? For the RDX it's currently at 6.9% but I think thats just absurdly high. I'm still waiting for this to go down... perhaps in the 4.9% range.
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Old May 30, 2007 | 07:10 AM
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It's been my experience that the lease rate/money factor is a range and your individidual credit score determines where you fall in that range.
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Old May 30, 2007 | 07:47 AM
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From whay I have seen, Acura never has a spectacular money factor, like say BMW does.
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Old May 30, 2007 | 11:49 AM
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I'm not sure where you got 6.9%...the current money factor from Acura for an RDX is .00108 which equates to an interest rate of 2.6%. This is valid for leases out to 36 months.
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Old May 30, 2007 | 11:57 AM
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Originally Posted by mlb11
I'm not sure where you got 6.9%...the current money factor from Acura for an RDX is .00108 which equates to an interest rate of 2.6%. This is valid for leases out to 36 months.

That is a pretty good money factor. Good to see Acura getting on the ball in terms of leases.

I'm test driving the RDX on Saturday, and may lease one if I can work everything out.
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Old May 30, 2007 | 09:14 PM
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Actually, I just read on edmunds that the money factor is .00101, an even better rate for those who qualify!
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Old May 30, 2007 | 11:06 PM
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Originally Posted by mlb11
I'm not sure where you got 6.9%...the current money factor from Acura for an RDX is .00108 which equates to an interest rate of 2.6%. This is valid for leases out to 36 months.

It's on the Canadian Acura site if you work out the build price online. So it seems like lease rates are definitely calculated a lot differently than it is for us Canadians. Typically with other car manufacturers, they don't budge on the lease rate (some may shave off 0.5% if you're a return customer). I'm not sure about how Acura does it though. Any Canadians here with Acura lease experience?
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