MDX lease prices
#3
I see that once you go over 10,000 miles on an MDX, they start charging additional cost/mile. 10,000 miles doesn't sound like a lot, but I don't drive that much. I don't even drive to go to work.
#4
Do a 7500 miles per year. If you're planning on buying the car at the end of the lease then negotiate the total price first, then look at the money factor and residual. If you're planning on returning the car at the end of the lease then give them the number (monthly payment and drive off fees) you can afford and don't worry about anything else. BTW Acura has a miles roll over program if you lease another one at the end.
#6
Do a 7500 miles per year. If you're planning on buying the car at the end of the lease then negotiate the total price first, then look at the money factor and residual. If you're planning on returning the car at the end of the lease then give them the number (monthly payment and drive off fees) you can afford and don't worry about anything else. BTW Acura has a miles roll over program if you lease another one at the end.
#7
Personally, I believe the advice in VMDX's post to be potentially awful. I would never suggest banking on a mileage rollover to another lease. What if your needs change? What if Acura discontinues the program? What if you want a different brand/vehicle next time? What if you decide to buy instead of lease? What if you decide to not get a replacement vehicle? Too many questions and factors to rely on a rollover. And if you can't do the rollover, then it is potentially a lot of $$$ out of your pocket.
As for 7,500 mile lease... Does Acura even do that? I haven't leased an Acura, specifically, but I thought 10k was their minimum? With Honda, 12k is the minimum. Either way, without knowing more about how many miles you actually drive, it's not possible to make any recommendation.
As for throwing out a monthly payment that you can afford, that is a terrible idea. Pretty much every car buying guide recommends AGAINST doing that.
Personally, I've moved away from leases and back to purchases. I like the freedom that a purchase gives me. I can still trade it in, whenever I want, or I can keep it.
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#8
Personally, I believe the advice in VMDX's post to be potentially awful. I would never suggest banking on a mileage rollover to another lease. What if your needs change? What if Acura discontinues the program? What if you want a different brand/vehicle next time? What if you decide to buy instead of lease? What if you decide to not get a replacement vehicle? Too many questions and factors to rely on a rollover. And if you can't do the rollover, then it is potentially a lot of $$$ out of your pocket.
As for 7,500 mile lease... Does Acura even do that? I haven't leased an Acura, specifically, but I thought 10k was their minimum? With Honda, 12k is the minimum. Either way, without knowing more about how many miles you actually drive, it's not possible to make any recommendation.
As for throwing out a monthly payment that you can afford, that is a terrible idea. Pretty much every car buying guide recommends AGAINST doing that.
Personally, I've moved away from leases and back to purchases. I like the freedom that a purchase gives me. I can still trade it in, whenever I want, or I can keep it.
Purchase doesn't give you any more freedom that the lease, in fact it's the opposite. If you need to you can trade in leased vehicle just as easy as the purchased, and/or only obligated to keep it for the duration of the lease, while with purchase you're stuck with it for the duration of the loan and can potentially experience a heavy loss, especially if your vehicle's residual value tanked.
#9
Purchase doesn't give you any more freedom that the lease, in fact it's the opposite. If you need to you can trade in leased vehicle just as easy as the purchased, and/or only obligated to keep it for the duration of the lease, while with purchase you're stuck with it for the duration of the loan and can potentially experience a heavy loss, especially if your vehicle's residual value tanked.
I hate threads like this -- including "what should I pay" and "what did you pay" threads. I normally don't participate, and I regret getting involved in this one. I just felt too bad at the possibility OP would read your post and actually follow your (terrible) advice.
OP: Go read up on this. Except in limited circumstances (for example businesses and temporary residency) leases are NOT the most economical way to drive a car.
And now I'm leaving this thread. Ya 'all have fun with the circle jerk.
#10
Alright, I'll just make a simple question. All I'm trying to find out is a baseline information.
Acura is currently running the 2018 lease "special promotion" of $419/month for 36 months with $3,299 due at signing. All I want to know is if this is close to the bottom of how low the dealer is willing to go, or is there significant savings that I can still negotiate?
Acura is currently running the 2018 lease "special promotion" of $419/month for 36 months with $3,299 due at signing. All I want to know is if this is close to the bottom of how low the dealer is willing to go, or is there significant savings that I can still negotiate?
#11
But that lease is basically a discount of ~$3,781.94 off the MSRP of $47,195.
You can decide if you think that is good, or not.
#12
I should have read the fine print first:
"Closed-end lease for 2018 MDX 9 Speed Automatic SH-AWD vehicles (YD4H3JJNW) available from July 6, 2018 through September 4, 2018, available to well-qualified lessees approved by Acura Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. Lease offers vary based on MSRP. MSRP $47,195.00 (includes destination, excludes tax, license, title fee, registration, documentation fee, options, insurance and the like). Actual net capitalized cost $41,128.06. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $15,084.00. Option to purchase at lease end $26,901.15.
Must take new retail delivery on vehicle from dealer stock by September 4, 2018. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 10,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 10,000 miles/year for vehicles with MSRP of $30,000 or more. See your Acura dealer for complete details."
So doesn't this mean that this deal is based on a capitalization price of $41,128, which is a discount of $6,000 off the MSRP?
Again, sorry for sounding like a noob, but I've always paid for cash on my previous purchases. So no experience with lease or financing.
#13
Acquisition fee is something you pay Acura just for the "privilege" of leasing one of their cars.
On this lease, the acquisition fee is $595.
Capitalized cost reduction is basically like a "down payment" to reduce the monthly payments.
With a lease, you pay your first months payment at the time of inception, so we deduct that from the out-of-pocket cost to get the capitalized cost reduction:
On this lease, there is $3299 out of pocket and a $419 first months payment, so $2880 is capitalized cost reduction.
The formula becomes:
MSRP - Discount - Capitalized Cost Reduction + Acquisition Fee = Net Capitalized Cost
Since we know the Net Capitalized Cost, we can use algebra to solve for the Discount.
MSRP - Net Capitalized Cost - Capitalized Cost Reduction + Acquisition Fee = Discount
or:
$47195 - $41128.06 - $2880 + 595 = $3,781.94 discount
Originally Posted by https://www.acura.com/tools/current-luxury-car-suv-offers-leasing
Closed-end lease for 2018 MDX 9 Speed Automatic SH-AWD vehicles (YD4H3JJNW) available from July 6, 2018 through September 4, 2018, available to well-qualified lessees approved by Acura Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. Lease offers vary based on MSRP. MSRP $47,195.00 (includes destination, excludes tax, license, title fee, registration, documentation fee, options, insurance and the like). Actual net capitalized cost $41,128.06. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $15,084.00. Option to purchase at lease end $26,901.15.Must take new retail delivery on vehicle from dealer stock by September 4, 2018. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 10,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 10,000 miles/year for vehicles with MSRP of $30,000 or more. See your Acura dealer for complete details.
#15
Alright, I'll just make a simple question. All I'm trying to find out is a baseline information.
Acura is currently running the 2018 lease "special promotion" of $419/month for 36 months with $3,299 due at signing. All I want to know is if this is close to the bottom of how low the dealer is willing to go, or is there significant savings that I can still negotiate?
Acura is currently running the 2018 lease "special promotion" of $419/month for 36 months with $3,299 due at signing. All I want to know is if this is close to the bottom of how low the dealer is willing to go, or is there significant savings that I can still negotiate?
#16
All - would you consider this a good lease deal:
2018 MDX Tech + AWD
36 months
12k miles
$0 down
MSRP: $51,595
Cap Cost: $44,652.86
Gross Cap: (+$595 acq fee) $45,247.86
Residual: $27,861.30 (54%)
Base Payment: $508.55
Thanks for the help!
Base + Tax: $547.96
2018 MDX Tech + AWD
36 months
12k miles
$0 down
MSRP: $51,595
Cap Cost: $44,652.86
Gross Cap: (+$595 acq fee) $45,247.86
Residual: $27,861.30 (54%)
Base Payment: $508.55
Thanks for the help!
Base + Tax: $547.96
#17
You're leaving about $50.00 per month on the table. Try again.
#18
Silly question. Do people recommend all weather floor mats for leased vehicles? I assume if the vehicle is returned with nasty carpet, they will ding you with extra costs to restore it. I live in NY, so there's there's salt in the winter, plus kids.
#20
#21
As I posted in the MDX prices paid and deals thread:
https://acurazine.com/forums/3g-mdx-.../#post16281386
Just took delivery of a 2018 MDX Sport Hybrid with Advance Package in Modern Steel Metallic/Ebony.
It was 1 of 4 remaining in the Chicagoland area (there were 2 Modern Steel Metallic/Ebony and 2 Crystal Black Pearl/Ebony)
Lease options I was interested in:
2018 MDX Sport Hybrid with Advance Package (Modern Steel Metallic/Ebony)
3 years (36 months), 12K miles/year (36K miles total) or 3 years (36 months), 15K miles/year (45K miles total)
$0 down, no trade, top tier credit
MSRP: $59,145 (includes $995 destination charge)
Negotiated Vehicle Price: $50,714 (includes $1500 in Acura purchase flex cash and $2950 in Acura lease flex cash unadvertised incentives)
% off MSRP: 14.25%
Total Acura flex cash unadvertised incentives received: $4450 (this is the maximum amount of purchase and lease flex cash unadvertised incentives in the current Acura program)
Money Factor: 0.00035 (0.84% APR)
Residual Value: $31,938.30 (54% of MSRP) or $30,755.40 (52% of MSRP)
Monthly Payment: $617.30 or $652
I went with the 3 years (36 months), 15K miles/year (45K miles total) for $652/month.
https://acurazine.com/forums/3g-mdx-.../#post16281386
Just took delivery of a 2018 MDX Sport Hybrid with Advance Package in Modern Steel Metallic/Ebony.
It was 1 of 4 remaining in the Chicagoland area (there were 2 Modern Steel Metallic/Ebony and 2 Crystal Black Pearl/Ebony)
Lease options I was interested in:
2018 MDX Sport Hybrid with Advance Package (Modern Steel Metallic/Ebony)
3 years (36 months), 12K miles/year (36K miles total) or 3 years (36 months), 15K miles/year (45K miles total)
$0 down, no trade, top tier credit
MSRP: $59,145 (includes $995 destination charge)
Negotiated Vehicle Price: $50,714 (includes $1500 in Acura purchase flex cash and $2950 in Acura lease flex cash unadvertised incentives)
% off MSRP: 14.25%
Total Acura flex cash unadvertised incentives received: $4450 (this is the maximum amount of purchase and lease flex cash unadvertised incentives in the current Acura program)
Money Factor: 0.00035 (0.84% APR)
Residual Value: $31,938.30 (54% of MSRP) or $30,755.40 (52% of MSRP)
Monthly Payment: $617.30 or $652
I went with the 3 years (36 months), 15K miles/year (45K miles total) for $652/month.
Last edited by EE4Life; 08-15-2018 at 11:56 PM.
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jzhu625 (08-16-2018)
#22
As I posted in the MDX prices paid and deals thread:
https://acurazine.com/forums/3g-mdx-.../#post16281386
Just took delivery of a 2018 MDX Sport Hybrid with Advance Package in Modern Steel Metallic/Ebony.
It was 1 of 4 remaining in the Chicagoland area (there were 2 Modern Steel Metallic/Ebony and 2 Crystal Black Pearl/Ebony)
Lease options I was interested in:
2018 MDX Sport Hybrid with Advance Package (Modern Steel Metallic/Ebony)
3 years (36 months), 12K miles/year (36K miles total) or 3 years (36 months), 15K miles/year (45K miles total)
$0 down, no trade, top tier credit
MSRP: $59,145 (includes $995 destination charge)
Negotiated Vehicle Price: $50,714 (includes $1500 in Acura purchase flex cash and $2950 in Acura lease flex cash unadvertised incentives)
% off MSRP: 14.25%
Total Acura flex cash unadvertised incentives received: $4450 (this is the maximum amount of purchase and lease flex cash unadvertised incentives in the current Acura program)
Money Factor: 0.00035 (0.84% APR)
Residual Value: $31,938.30 (54% of MSRP) or $30,755.40 (52% of MSRP)
Monthly Payment: $617.30 or $652
I went with the 3 years (36 months), 15K miles/year (45K miles total) for $652/month.
https://acurazine.com/forums/3g-mdx-.../#post16281386
Just took delivery of a 2018 MDX Sport Hybrid with Advance Package in Modern Steel Metallic/Ebony.
It was 1 of 4 remaining in the Chicagoland area (there were 2 Modern Steel Metallic/Ebony and 2 Crystal Black Pearl/Ebony)
Lease options I was interested in:
2018 MDX Sport Hybrid with Advance Package (Modern Steel Metallic/Ebony)
3 years (36 months), 12K miles/year (36K miles total) or 3 years (36 months), 15K miles/year (45K miles total)
$0 down, no trade, top tier credit
MSRP: $59,145 (includes $995 destination charge)
Negotiated Vehicle Price: $50,714 (includes $1500 in Acura purchase flex cash and $2950 in Acura lease flex cash unadvertised incentives)
% off MSRP: 14.25%
Total Acura flex cash unadvertised incentives received: $4450 (this is the maximum amount of purchase and lease flex cash unadvertised incentives in the current Acura program)
Money Factor: 0.00035 (0.84% APR)
Residual Value: $31,938.30 (54% of MSRP) or $30,755.40 (52% of MSRP)
Monthly Payment: $617.30 or $652
I went with the 3 years (36 months), 15K miles/year (45K miles total) for $652/month.
#23
As I posted in the MDX prices paid and deals thread:
https://acurazine.com/forums/3g-mdx-.../#post16281386
Just took delivery of a 2018 MDX Sport Hybrid with Advance Package in Modern Steel Metallic/Ebony.
It was 1 of 4 remaining in the Chicagoland area (there were 2 Modern Steel Metallic/Ebony and 2 Crystal Black Pearl/Ebony)
Lease options I was interested in:
2018 MDX Sport Hybrid with Advance Package (Modern Steel Metallic/Ebony)
3 years (36 months), 12K miles/year (36K miles total) or 3 years (36 months), 15K miles/year (45K miles total)
$0 down, no trade, top tier credit
MSRP: $59,145 (includes $995 destination charge)
Negotiated Vehicle Price: $50,714 (includes $1500 in Acura purchase flex cash and $2950 in Acura lease flex cash unadvertised incentives)
% off MSRP: 14.25%
Total Acura flex cash unadvertised incentives received: $4450 (this is the maximum amount of purchase and lease flex cash unadvertised incentives in the current Acura program)
Money Factor: 0.00035 (0.84% APR)
Residual Value: $31,938.30 (54% of MSRP) or $30,755.40 (52% of MSRP)
Monthly Payment: $617.30 or $652
I went with the 3 years (36 months), 15K miles/year (45K miles total) for $652/month.
https://acurazine.com/forums/3g-mdx-.../#post16281386
Just took delivery of a 2018 MDX Sport Hybrid with Advance Package in Modern Steel Metallic/Ebony.
It was 1 of 4 remaining in the Chicagoland area (there were 2 Modern Steel Metallic/Ebony and 2 Crystal Black Pearl/Ebony)
Lease options I was interested in:
2018 MDX Sport Hybrid with Advance Package (Modern Steel Metallic/Ebony)
3 years (36 months), 12K miles/year (36K miles total) or 3 years (36 months), 15K miles/year (45K miles total)
$0 down, no trade, top tier credit
MSRP: $59,145 (includes $995 destination charge)
Negotiated Vehicle Price: $50,714 (includes $1500 in Acura purchase flex cash and $2950 in Acura lease flex cash unadvertised incentives)
% off MSRP: 14.25%
Total Acura flex cash unadvertised incentives received: $4450 (this is the maximum amount of purchase and lease flex cash unadvertised incentives in the current Acura program)
Money Factor: 0.00035 (0.84% APR)
Residual Value: $31,938.30 (54% of MSRP) or $30,755.40 (52% of MSRP)
Monthly Payment: $617.30 or $652
I went with the 3 years (36 months), 15K miles/year (45K miles total) for $652/month.
#24
I'm new here and new to Acura, but thought I would share my lease deal.
2018 MDX Advance SHAWD
Modern steel on ebony
36 month / 12,000 miles
MSRP 57645
Sale price 48844
Lease cash 2950 plus 1500 dealer incentive
MF.00035, residual 54%
$0 down, all fees rolled in, first payment due at signing
$584/month
Also negotiated three years complimentary maintenance
I love the vehicle!
#26
I got a 2018 MDX SH-AWD Tech Package for $368 a mo. I put $5k down, .0005 money factor, residual value $28,700. I paid all sales taxes up front.
My goal was to reduce my monthly as much as possible and I will purchase the car at the end of the lease. Only had it for a few days, but I'm impressed. Big jump from my 2003 TL Type-S.
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acuranj18 (08-21-2018)
#27
i got the WeatherTech Mats/Shells and they have worked great.
#28
On any lease it’s cheaper to pre buy miles than go over, but Acura does forgive 7500 miles and will roll over up to 15 k miles un used to next lease.
also u get 1500 dollars in wear and tear credit for dings and things as long as one item isn’t over 500.
at least this is for loyalty folks
also typically 3 months before the end Acura will roll u out and into new car lease without penalty and or if your next car isn’t ready you can extend the lease 3 times up to a year without any hassle by calling Acura Financial Services
they make leasing way easy
the prices u guys are quoting are great
my 2019 is a special order so not a lot of discounts
and my daughters 2019 RDX A spec SH AWD wasn’t deeply discounted either
problem is getting the car at the start of the model year when last years are still around
but no one had what I wanted and daughter didn’t want a 2018
yes daddy’s a push over
but I do love the cars and keep coming back after my daughter introduced me to Acura with her first TL S Type and the rest is history
problem is every time I go to the dealer they take me to the cave and uncover the red NSX and say hey as a loyalty member we can give you a great price
also u get 1500 dollars in wear and tear credit for dings and things as long as one item isn’t over 500.
at least this is for loyalty folks
also typically 3 months before the end Acura will roll u out and into new car lease without penalty and or if your next car isn’t ready you can extend the lease 3 times up to a year without any hassle by calling Acura Financial Services
they make leasing way easy
the prices u guys are quoting are great
my 2019 is a special order so not a lot of discounts
and my daughters 2019 RDX A spec SH AWD wasn’t deeply discounted either
problem is getting the car at the start of the model year when last years are still around
but no one had what I wanted and daughter didn’t want a 2018
yes daddy’s a push over
but I do love the cars and keep coming back after my daughter introduced me to Acura with her first TL S Type and the rest is history
problem is every time I go to the dealer they take me to the cave and uncover the red NSX and say hey as a loyalty member we can give you a great price
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