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Yeah in this instance with the $6,250 lease incentive (previous months was only like $2,750) that definitely swings the pendulum over where it's probably cheaper to lease then buy instead of buying up front. When I did the same analysis back in October with about $4k less in lease incentives it was basically a wash so I ended up purchasing. If it would have been $3k-$4k cheaper to lease then buy that's what I would have done. Only part that doesn't look right is your purchase equation shows 2.5% rate available over 5 years, do you seriously have a 2.5% rate locked in for a 5 year term? When I purchased in October it was pulling teeth to get 2.74% and rates have been rising steadily since then. Even with a higher rate though that would only make leasing more attractive as the finance charges with the purchase would go up. As you point out, the only wild card is what interest rates will be like 3 years from now if you plan on financing the purchase at the end of the lease.
Ah, you're right about the interest. Its 3% for 5 years, 2.5% for 4 years.
Ah, you're right about the interest. Its 3% for 5 years, 2.5% for 4 years.
So it looks like I made out even better.
Yeah it looks like you got a great deal (although I haven't followed what people pay for that specific model, I was focused on the AWD Advance w/ Entertainment, which is much more rare and thus much less aggressive discounting)
Thanks
This is almost exactly what i will be looking for. Only difference is that I want to add LED fog lights
No problem. Wish more people would post. I have some true car prices too but costco was the cheapest. And once I asked about Costco he wouldn't discuss his price. So I'm guessing he gets a good kick back with costco.
No problem. Wish more people would post. I have some true car prices too but costco was the cheapest. And once I asked about Costco he wouldn't discuss his price. So I'm guessing he gets a good kick back with costco.
Interesting because when I purchased my 2019 Tech Package in February, the TrueCar price was cheaper than the Costco price in Jacksonville.
So looking forward to becoming part of the Acura family! Picking up my MDX SH-AWD w/Technology on Saturday afternoon.
Did my research and felt this was the best SUV for the money. Had driven a Pilot EX-L AWD and liked it, but the wife REALLY liked the Acura. 45,630 seemed like a good deal (pre-tax, tag and fees), and have 3.99 bank financing.
So looking forward to becoming part of the Acura family! Picking up my MDX SH-AWD w/Technology on Saturday afternoon.
Did my research and felt this was the best SUV for the money. Had driven a Pilot EX-L AWD and liked it, but the wife REALLY liked the Acura. 45,630 seemed like a good deal (pre-tax, tag and fees), and have 3.99 bank financing.
Any tips for a new MDX owner?
Thanks!
hickph
Order your all weather mats, 2nd row cover, and cargo liner from ebay now. Don't let Wife or kids in until parts arrive.
Picked up the new vehicle today. What a smooth ride! Dealer linked up my Android, which came in handy when I had to reroute due to a tornado warning issued along my normal path back home. Understand, this is my first car since 2007, so I feel like someone who has gone from 8-track tapes to digital download.
Picked up the new vehicle today. What a smooth ride! Dealer linked up my Android, which came in handy when I had to reroute due to a tornado warning issued along my normal path back home. Understand, this is my first car since 2007, so I feel like someone who has gone from 8-track tapes to digital download.
The lane keep assist and cruise control are crazy. I still can't trust it after a couple of days. And it's crazy not having a tape deck!! ( it's my first new car since 04)
The lane keep assist and cruise control are crazy. I still can't trust it after a couple of days. And it's crazy not having a tape deck!! ( it's my first new car since 04)
Only thing I find annoying with lane keep assist is when you are driving in town every time there is a turn lane it tries to steer the vehicle in that direction as it's following the outer lane marker, then when it picks up it's a turn lane it moves back over again. So with lane keep assist engaged in town you fight it a lot. On the highway though it's great.
Adaptive cruise control is the opposite, it's nice in town and/or during rush hour, but when on the open highway or freeway it's much better to just use regular cruise mode. Otherwise it picks up traffic in lanes next to you, especially if they are big trucks and or around corners, and it slows down when not necessary only to speed back up again. In town or on a 2 lane highway (1 lane in each direction) then it works fine outside of the fact that throttle is somewhat aggressive when using active cruise control so it takes a dent out of your gas mileage.
I tried to post once and didn't see it, so apologize if I have a similar post pop up later.
2019 MDX AWD Advance Black on Black with Powder Coated Wheels (done by the dealership)
I nerded out today and did research on how Acura lease financing works and created my own spreadsheet. Since I haven't gotten hard/fast numbers from the KC guy I'm working with, I tried to figure some of this stuff out for myself to figure out if we have hit our negotiating limit.
So I developed a spreadsheet that does all the calculations. What I quickly realized is that there are only a few variables to the process and everything else is basically set.
Lease Variables:
1. The percent to finance or APR (percent interest you pay) - It's based on your credit score or set on a 1-pay lease, not sure.
2. The MSRP of the vehicle. That's the sticker price on the car. For the Acura MDX All-Wheel Drive Advance Package with Black paint it's $59,445 and it's non-negotiable.
3. Price they value the car after incentives, haggling, etc . It's all the incentives they get back from Acura ($1,000 Customer Loyalty, $6,250 Lease Cash, $1,161 Dealer Holdback - What Acura pays them to sell it) all taken out of that MSRP.
4. Lease Estimated Value (L.E.V.) - It's the percent of the MSRP (starting price) that the car is worth at the end. It's listed as a percent and as far as I know it's fixed at 56% of $59,445 = $33,289.20.
From my understanding, on a 1-pay lease, which seems to be the cheapest overall out of pocket deal, the APR, MSRP, and LEV are all set. The ONLY thing that is negotiable is the sale price. So I took the KC guy's numbers, as follows:
$21,500 due at signing
$33,289 to pay off vehicle (same for all dealerships)
$1334 tax on payoff (same for all dealerships) $56,120 Total Out of Pocket
My calculator shows: $50,350 sale price. The MSRP is $59,445 and the powder coating of wheels is $1400. Tax in our area is 4%. So WITHOUT ANY DEALER FEES, just the MSRP, cost of wheels and tax, the price of the car is $63,278.80. With dealer fees, it's more like $65,000.I'd say that the KC offer is $9,000 off sticker.
To compare, yesterday, our local dealership took a whack at an offer again, their same lease option was $61,000Total Out of Pocket. Their cash option was $59,000, but it had the Berlina wheels and not coating. From the guys in Illinois, we got the exact same single payment lease option for a total cost of $59,000 Total Out of Pocket.
Since the only variable in their calculations is the sale price here's how they got there:
KC: (price of the car) $50,300 - $21,500 at signing
Illinois: (price of the car) $53,100 - $24,500 at signing
Alabama: (price of the car) $54,900 - $26,400 at signing
Dealer Cost:
MSRP $58,050 (MDX AWD Advance)
Invoice Price $54,469
Destination Fee +$995 (Paid to Acura Corporate - non-negotiable)
Special Paint +$400 (Add-on even on Acura Build website - non-negotiable)
Holdback -$1,161 (What Acura pays the dealership to sell an MDX with that package)
Customer Loyalty -1,000 (For having 2010 TSX)
Dealer Cost $53,703
Dealer Cost w Tax $55,851 (4% auto tax in our area)
The KC guys are selling us the MDX with tax for $56,120 and Dealer Cost plus tax is $55,851. We're paying $269 over DEALER COST. That doesn't even include powder coating the wheels which I verified through web research $1,000-$1,400. Also there are wheel locks, all-weather mats, all-weather cargo trays in the back, and splash guards at the wheels.
Did I analyze this properly? Seems like we have struck a nice deal.
Just picked my 2019 MDX Aspec with upgraded black rims, running board, mud flaps, side body molding, up yesterday for the out door Costco price of $57k in MD.
Just picked my 2019 MDX Aspec with upgraded black rims, running board, mud flaps, side body molding, up yesterday for the out door Costco price of $57k in MD.
What are you buying with the Costco 50% off accessory ?
Hi again all!! I decided to try again to get out of my RX 350 lease. My local dealer told me to search larger markets because he can't get close to what I need in payment.
I received this quote yesterday....on a 2019 SH-AWD Tech
The sticker in one of the photos shows the SUV was manufactured in 2/19. Also, I would need it delivered. I live about 6 hours from the dealership.
I would love some advice! Is this a good deal or can I do better at this point? Also, I was quoted $520 with $3k and $545 with $2k out of pocket on the first quote, but the internet guy said he did not make it clear to the sales manager that I wanted SH-AWD and this is the new and correct quote...
i've been debating on upgrading our 2012 mdx to a new one due to oil consumption issues. i'm burning 1qt per 1.5k miles. under the 1qt per 1k mile threshold for them to fix it with the TSB
also my timing belt/water pump is due shortly.
i sent out some feelers and got a quote of 43,750 (including loyalty 1k, and an addiitional 500 towards the down) for a 2019 mdx sh-awd w/tech package with a sticker of 52,295.
with the new mdx coming soon, is this worth it? roughly 8500 off sticker? would you guys make the jump or wait on the new one?
have all the issues been taken care of? tranny, infotainment etc...
are there any oil consumption issues on the j35?
i've been debating on upgrading our 2012 mdx to a new one due to oil consumption issues. i'm burning 1qt per 1.5k miles. under the 1qt per 1k mile threshold for them to fix it with the TSB
also my timing belt/water pump is due shortly.
i sent out some feelers and got a quote of 43,750 (including loyalty 1k, and an addiitional 500 towards the down) for a 2019 mdx sh-awd w/tech package with a sticker of 52,295.
with the new mdx coming soon, is this worth it? roughly 8500 off sticker? would you guys make the jump or wait on the new one?
have all the issues been taken care of? tranny, infotainment etc...
are there any oil consumption issues on the j35?
Sounds like you need a new SUV asap so I would make the jump. No interest in the Hybrid?
i've been debating on upgrading our 2012 mdx to a new one due to oil consumption issues. i'm burning 1qt per 1.5k miles. under the 1qt per 1k mile threshold for them to fix it with the TSB
also my timing belt/water pump is due shortly.
i sent out some feelers and got a quote of 43,750 (including loyalty 1k, and an addiitional 500 towards the down) for a 2019 mdx sh-awd w/tech package with a sticker of 52,295.
with the new mdx coming soon, is this worth it? roughly 8500 off sticker? would you guys make the jump or wait on the new one?
have all the issues been taken care of? tranny, infotainment etc...
are there any oil consumption issues on the j35?
I have an 11 MDX Adv/Ent with +128k. My oil consumption is only about 1 quart between M.I.D. changes. Still a very comfy hwy cruiser even with the low mpgs. Still planning to keep her until the 4th Gen MDX hits the MMC point (looking for 4th gen sport hybrid or Type-S versions).
I did purchased a 19 MDX Adv sport hybrid to replace my (wife's) 08 RDX (USAA car buying service at $4500 off, Costco 50% off accessories). The sh-sh-awd MDX tech might be a better choice for your commute if you don't need to tow anything or add a rear hitch. I don't think there is anything on the market that packs that much performance and advance hybrid tech for only $1500 above the MDX sh-awd tech? You could break even on the extra hybrid price in gas savings in a few years over the sh-awd in a few years at +70 miles per day. Most other overpriced hybrids take 20-50 years to break even. More power/TQ, 27 mpg city, +26 mpg hwy, 7DCT, 100,000 mile warranty on hybrid components, and the most advanced sh-awd system Acura has made.
I would go for new/used +18 sport hybrid tech or Adv.
I have an 11 MDX Adv/Ent with +128k. My oil consumption is only about 1 quart between M.I.D. changes. Still a very comfy hwy cruiser even with the low mpgs. Still planning to keep her until the 4th Gen MDX hits the MMC point (looking for 4th gen sport hybrid or Type-S versions).
I did purchased a 19 MDX Adv sport hybrid to replace my (wife's) 08 RDX (USAA car buying service at $4500 off, Costco 50% off accessories). The sh-sh-awd MDX tech might be a better choice for your commute if you don't need to tow anything or add a rear hitch. I don't think there is anything on the market that packs that much performance and advance hybrid tech for only $1500 above the MDX sh-awd tech? You could break even on the extra hybrid price in gas savings in a few years over the sh-awd in a few years at +70 miles per day. Most other overpriced hybrids take 20-50 years to break even. More power/TQ, 27 mpg city, +26 mpg hwy, 7DCT, 100,000 mile warranty on hybrid components, and the most advanced sh-awd system Acura has made.
I would go for new/used +18 sport hybrid tech or Adv.
what mpg are you getting on your hybrid? i only see 2017 hybrid's when they pop up as they're pretty rare. i do like the fact they did NOT use the zf tranny. i've only found 1 hybrid near me and it was black which i never want again as a color haha.
what mpg are you getting on your hybrid? i only see 2017 hybrid's when they pop up as they're pretty rare. i do like the fact they did NOT use the zf tranny. i've only found 1 hybrid near me and it was black which i never want again as a color haha.
My combined average is 26.5 mpg with 100% city driving. I've only had my 19 MDX since the end of March and have under 450 miles on her. Still trying to break-in the engine and taking it easy before my first road trip to Denver at the end of July. My 11 MDX can only average 16-17 mpgs with the same city driving.
Hi all! I have a quick question. Is it normal for a dealer to charge you to go get the car you want? They found one I am looking for. The deal I received is great (2019 Acura MDX SH-AWD TECH) , but they want to charge me $850 to send a truck to pick up the vehicle and bring it back. They said it is too far for them to send a driver to go get it. They did give me payoff for my Lexus and lowered my payments. They are waiting on the dealer to return their call to see if they will even release the vehicle. But Monday starts a new month so I do not know if the incentives will still be the same or better or worse.
Hi all! I have a quick question. Is it normal for a dealer to charge you to go get the car you want? They found one I am looking for. The deal I received is great (2019 Acura MDX SH-AWD TECH) , but they want to charge me $850 to send a truck to pick up the vehicle and bring it back. They said it is too far for them to send a driver to go get it. They did give me payoff for my Lexus and lowered my payments. They are waiting on the dealer to return their call to see if they will even release the vehicle. But Monday starts a new month so I do not know if the incentives will still be the same or better or worse.
Thanks!
I've never heard of that. I've had to put down a deposit ($500+) for them to get the car but not ever a fee.
Ask them what dealer they are getting it from and just go buy it from that dealership yourself.
Hi all! I have a quick question. Is it normal for a dealer to charge you to go get the car you want? They found one I am looking for. The deal I received is great (2019 Acura MDX SH-AWD TECH) , but they want to charge me $850 to send a truck to pick up the vehicle and bring it back. They said it is too far for them to send a driver to go get it. They did give me payoff for my Lexus and lowered my payments. They are waiting on the dealer to return their call to see if they will even release the vehicle. But Monday starts a new month so I do not know if the incentives will still be the same or better or worse.
Thanks!
As Achance said, I would threaten to cut the local dealer out of the sale. Tell them if they want you to go pick it up you might as well deal directly with that dealer and they get nothing. EE4Life is posting 2020 manuals and guides so Acura should be announcing them soon. Incentives should be at least as good to get the 2019 models moved out.
I agree, don't pay it. You can check www.cargurus.com and see where they're getting the car from (I bet the current dealership won't tell you where they're getting it from since they're charging you to acquire it). If you can, I'd go get it at that other dealership. But if it's really far and not worth the drive, I'd try another dealer that will do a dealer trade for you and won't charge the fee. (Use the quote the current dealer gave you too so you can get the same deal)
Just so there are more references in here, I paid 52k OTD for the 2019 Acura MDX A-Spec in the Los Angeles area.
This price includes $1,000 off for the loyalty/conquest offer (Lexus owner), $1,000 off for financing with Honda, and another $500 off for the college graduate program.
What mpg are people getting on the city and highway with the hybrid? Is there actually only a difference with city driving or is there a bump up or down on the highway? Is the hybrid worth it - assuming the dealers won't budge as much as they would on a regular model?
What mpg are people getting on the city and highway with the hybrid? Is there actually only a difference with city driving or is there a bump up or down on the highway? Is the hybrid worth it - assuming the dealers won't budge as much as they would on a regular model?
I'm only up to 1800 miles all city miles on my 19 MDX sh-sh-awd since purchase at the end of March. I've been averaging 25.32 mpgs according to my mileage divided by gallons using my iphone Road Trip app. The MDX instant avg mpgs displays a range of 23 - 27 mpg depending how hard I'm on the gas pedal with city mixed with short commuter hwy runs of 10-30 minutes. I'm usually around 400-425 miles before I need to gas up with around 15-17 gallons with a 19.4 gallon gas tank. I'm thinking I should see 425-475 miles per tank if I'm 100% hwy. Have yet to test this out.
Hoping for some guidance on this. Just left dealership in Orange County, CA looking to lease an MDX. Was going for an A-Spec, but didn't like the suede seats, so switched to Advance.
Going from memory, here's their offer:
MSRP is $60,700, including $1,000 in dealer installed stuff (splash guards, etc.)
Residual is about $30,000
Sale price I think is $46,000
I'm putting $5,500 down
Acura is also making last 4 payments of my current car's lease for me (about $550/month or $2,200 total) so I wouldn't need to pay those, but could keep the car and drive it since Acura will have made the payments. Unfortunately the registration is due, which is $550. I'd rather just walk away from it, but maybe that's not possible.
Lease payment is $577/month plus tax, which I think works out to around $640/month in Los Angeles County
So, opinions on the lease deal, and whether this is the best way to get out of another lease a little early?
Hello,
I have not posted in a long, long time. So it is time to replace our beloved 2010 MDX tech/ent. The car has been wonderful and we have no complaints. So, this is the current deal that I am working with:
2019 MDX Adv/hybrid
- Not the color combo we want - this thing is white/black
I only negotiated the price of the car - since taxes have to be paid one way or another
MSRP: 60,545
Price: 50,345
That is really what I wanted and always thought that I could at least 17% off on the car. However, the dealer insisted that I finance with them, I know why they want this. The manager told me that the best he could do was 4.3APR. The highest I ever paid was 1.9APR on the current MDX. I usually get 0APR. I have to honest, I am really tempted, but need to educate myself about this APR crap on car loans. What do you guys think? THANK YOU FOR YOUR FEEDBACK.
Dealers are more apt to "lose money" on a lower sales price if they can point you to their financing arm. They assume they can make their 'lost' money back on the sale in the finance charges you pay on their high APR. I say lose money loosely. Dealers rarely lose money on a sale. They have so many kick-backs and hidden funds they get from manufacturers and financing arms. Your best bet is to get the best deal, exclusive of how you are going to pay, in writing. Don't allow them to lock you into a deal based on using their financing. At that point, go out and get your own financing.
That would be a pretty good chunk off the msrp assuming they don't hit you with a ton of additional fees. I was happy with just $5-6k off my hybrid back in December, so now I'm a bit jealous! I agree about that not being the best loan rate, but it seems like those super low or 0% dealer loans aren't going to be likely at least as far as the MDX goes. I'd say it's still a great deal, then what you can do is immediately turn around and refinance at a lower rate through your bank or credit union. I've seen a few 'new refinance' rates at 2.99% (penfed and other local credit unions), which may get even a bit lower in the next few weeks due to the recent fed rate cut.
Hello,
I have not posted in a long, long time. So it is time to replace our beloved 2010 MDX tech/ent. The car has been wonderful and we have no complaints. So, this is the current deal that I am working with:
2019 MDX Adv/hybrid
- Not the color combo we want - this thing is white/black
I only negotiated the price of the car - since taxes have to be paid one way or another
MSRP: 60,545
Price: 50,345
That is really what I wanted and always thought that I could at least 17% off on the car. However, the dealer insisted that I finance with them, I know why they want this. The manager told me that the best he could do was 4.3APR. The highest I ever paid was 1.9APR on the current MDX. I usually get 0APR. I have to honest, I am really tempted, but need to educate myself about this APR crap on car loans. What do you guys think? THANK YOU FOR YOUR FEEDBACK.
Apparently, you can buyout a lease and there is $8500 in lease incentives plus $1000 loyalty rebate. If you factor that in, you're only getting a $700 dealer discount. Or $1700 if your 2010 MDX doesn't qualify for the loyalty rebate.
04-01-2019, 02:08 PM
New Quote Advice
