Pitbull11

Ok I leased in early March a 2013 ILX 3 year 36k for $259 per month and $2500 down. Do you think it is too early in the lease cycle to move to a RDX? I see Acura is offering RDX base for $359 per month with $1999 down. I would be willing to pay the $100 more per month but not the $1999 down since I just paid $2500 on the ILX lease. Anyone have experience with lease flipping with Acura? PS- I have around 5 k on my ILX after 5 months of ownership. Thanks for any insight you can provide.

TranPlanner

Go talk to them and see what they will do. It is basically down to math. My guess is that even with the initial pay down on the ILX, you are still underwater on it so you would probably need to pay the $1999 down for the RDX and your payment would likely be higher than $359.

Anyone leasing should have a good understanding of how it works. You can get some good information at sites like Ride With G.

Pitbull11

Not in a big hurry, the ILX is comfortable and great MPG. I'm sure they want to keep me as a customer, if not I ride the lease out and move on to another brand.

weather

^^ I have leased my vehicles (except the RDX) and always flipped it sooner than the end of the lease with little to no penalty. The problem is that you need to reach a point where the dealer can buyout your lease and put it on the lot, for a price that is almost what your buyout is. For example, if your buyout is 28K but the dealership says your ILX is only worth 25K, then you will be 3K upside down (excluding the money you put down).

Its all about what you owe versus what its worth....For me, with zero down, 3 years seems to be the magical number where the dealership will buy me out with zero negative equity into my lease. I do a 4 year lease to keep my payment lower knowing that after 3 years, I will get into a new one with no financial penalty. The dealer is smart enough, as you pointed out, to not let my lease run its course because if I become a free agent, I will be more likely to get an Audi, or Lexus or something else. If someone buys my TL instead of teh dealer, I can be a free agent too

Right now, the release of the TLX next spring (hopefully) will line up with my 3 year anniversary so I am likely going to replace my TL for the TLX provided its a HOT looking car. I will not settle for a so so model. Otherwise, I will have no problem waiting to run my lease out or have someone buy it from me.

The fact you just leased your ILX may make you more upside down than you really wanna be but the trip to the dealer will provide that answer Best of luck and keep us posted. The RDX is an amazing SUV....you will not regret it although it DOES have the same rear noise problem as the ILX

blSwagger

The Acura dealer I went to said they wouldn't consider taking back my GTI lease until it had no more than 4 payments left.

Pitbull11

If that's the case I will just turn it in and trade my Lexus LX for my next vehicle. RDX would not work for me as an only vehicle. So if they don't want to do a deal at a maximinum of 24 months into my 36 month lease guess I will be going with Lexus for a one vehicle home. (Wife does not drive).