When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
For anyone interested in a 2019 Acura RDX here are the June lease figures
00131 MF and 63%/61% for 36 months 12K miles a year
No incentives
Simply put, don't try to lease a 2019 until the 2018 stock is fully gone. Acura is putting all their incentives in getting rid of the old stock. The money factor equates to a poor 3.14% APR. The residuals are decent in the low 60's
Honestly unless you plan in buying in full and somehow get a dealer to sell for invoice I would even say don't finance a RDX at least until probably the fall/4th quarter
For anyone interested in a 2019 Acura RDX here are the June lease figures
00131 MF and 63%/61% for 36 months 12K miles a year
No incentives
Simply put, don't try to lease a 2019 until the 2018 stock is fully gone. Acura is putting all their incentives in getting rid of the old stock. The money factor equates to a poor 3.14% APR. The residuals are decent in the low 60's
Honestly unless you plan in buying in full and somehow get a dealer to sell for invoice I would even say don't finance a RDX at least until probably the fall/4th quarter
This is exactly correct...
Leasing a 2019 right now is semi stupid...
Anyone know what the invoice of these might be? My wife is looking at one and the only incentive is some $300 rebate and $1000 Acura loyalty.
We are looking at SH-AWD and tech pkg. the price is about $43k before any negotiation.
The invoices are about 12-15% ish lower.
When I test drove the car the other day this dealer still had many 2018's left over. There are not going to be any "good" lease deals until the 2018's are gone.
Why pay 650-700 a month for a car that you should be able to get for around 500/mo(a loaded A spec) by end of year. Doesn't make smart business sense.
here are a couple threads everyone who is interesting in leasing should follow basically a Really Good lease is one with zero down and 1% of purchase price.
For what it's worth, that .00131 MF is the best you can get from BMW right now assuming you have current MSD's that you can roll over to buy down the base rate of .00166. Each MSD buys down the rate by .00005, so a maximum buy down of .00035 (7 MSD's).
X3 residuals are also a few points below the above (58% for 36/12).
This is exactly correct...
Leasing a 2019 right now is semi stupid...
Yep I just said this in another thread. The current lease offer is extremely close, if not more, than a base 2018 SH-AWD MDX at $419/mo for roughly the same money down. That's for a bigger SUV with a $7K higher MSRP with AWD.(Albeit with older tech and less standard features than the new RDX) Current lease offers so far I've only seen were for the FWD RDX models. Unless you're in a bind coming off an existing lease that's expiring then its better to just wait until after the summer.
For what it's worth, that .00131 MF is the best you can get from BMW right now assuming you have current MSD's that you can roll over to buy down the base rate of .00166. Each MSD buys down the rate by .00005, so a maximum buy down of .00035 (7 MSD's).
X3 residuals are also a few points below the above (58% for 36/12).
Genesis G80 Sport MF is .00013 which is like giving money away. So there are definitely lease deals from some makers out there.
Welp , I think leasing a car is a losing proposition . Considering I can buy and resell a car later . My previous car was a 2002 Lexus SC430 and I resell it $10K above Kelly Blue Book after 16 years driving it ..
Welp , I think leasing a car is a losing proposition . Considering I can buy and resell a car later . My previous car was a 2002 Lexus SC430 and I resell it $10K above Kelly Blue Book after 16 years driving it ..
Yes - buying is a better strategy if you intend to drive the car for that long.
Where do you find the detailed lease info on the Acura?
I looked in the site but didn't find anything... Not even a lease calculator on the build and price page!
For any car, google "[car name including model ] prices paid" and one of the search results will be the Edmunds forums where for each make/model there is a forum with moderators who post up to date RV and MF info. That's all you need to do.
Went to test drive RDX Advanced SHAD white with espresso leather ( very beautiful collor) this past Saturday. First of all loved pretty much everything about the car very impressed with technology comfort and the drive. Very quiet interior and the 3D ELS sound system was unbelievable. I have leased 3 previous cars from this dealership and the guy I have worked with on all 3 told me very honestly that it would not be a good move to lease right now and to wait until at least after July 5th when they get their new guidance from Acura on deals. He said I was looking at $800 a month today for this car sign and drive which is the same as my $60,000 BMW lease expiring in August. I will check back in August but I am afraid we are looking at the late fall before this car comes down to earth for leasing.
Went to test drive RDX Advanced SHAD white with espresso leather ( very beautiful collor) this past Saturday. First of all loved pretty much everything about the car very impressed with technology comfort and the drive. Very quiet interior and the 3D ELS sound system was unbelievable. I have leased 3 previous cars from this dealership and the guy I have worked with on all 3 told me very honestly that it would not be a good move to lease right now and to wait until at least after July 5th when they get their new guidance from Acura on deals. He said I was looking at $800 a month today for this car sign and drive which is the same as my $60,000 BMW lease expiring in August. I will check back in August but I am afraid we are looking at the late fall before this car comes down to earth for leasing.
I appreciate your post. I had a 2015 RDX FWD w/ Tech and the lease was up in May. Not only (at that time) was it not clear when dealers would have the 2019 RDX, it certainly wasn't clear if there would be any lease deals. I had a feeling that the new RDX would be a hit and that deals would be scarce, so I downsized a bit and leased a BMW X1. And as it turns out, it looks like I probably made the right move based on what you and others have shared about the state of pricing and leases on the new RDX. I know I could have extended the RDX lease and then in theory waited until the deals got better on the '19, but I wasn't interested in waiting another four or five months only to find that things weren't much better.
Found this site not sure how accurate and can't find if these prices indicate a sign and drive nothing down scenario or not but it gives some range as to what the lease could look like. Lease Info | Auto Lease Finder
$6800 down is way too high on a lease. This is general thinking among consumer experts. You put money in upfront, what if stolen on day two? what is a deer hits you on day three? Regardless, I have always done nothing down leases with BMW when I can negotiate 7-8k off. With RDX being so close to sticker. the payment is really high if you do not put down a huge sum.
In 2015 I leased a 3 series 328XD for $450 per month-nothing down. MSPR $50k Sell $42k. Residual $31k.
$6800 down is way too high on a lease. This is general thinking among consumer experts. You put money in upfront, what if stolen on day two? what is a deer hits you on day three? Regardless, I have always done nothing down leases with BMW when I can negotiate 7-8k off. With RDX being so close to sticker. the payment is really high if you do not put down a huge sum.
In 2015 I leased a 3 series 328XD for $450 per month-nothing down. MSPR $50k Sell $42k. Residual $31k.
Well $4,700 of the down payment is the equity on my MDX which I sold to Vroom
I have always thought that a good deal is: No down payment but only fees + 1st month upfront (under $1,500) and the lease payment should be around 1% of the msrp. Not seeing anything even close to that on the forums. I spoke to 1 dealer who I have gotten a couple of acuras from and he said to wait until around the 4th of July to see if there any programs out. Pull ahead not applicable to new RDX also, so that doesn't help.
So with that deal if you rolled the down payment back into the monthly payments that would make it around $765 for a zero down lease. You could lease a BMW X5 for that amount. I will have to wait and see if these leases ever come down to earth and get to about $600mo. for a zero down lease.
Anyone know what the invoice of these might be? My wife is looking at one and the only incentive is some $300 rebate and $1000 Acura loyalty.
We are looking at SH-AWD and tech pkg. the price is about $43k before any negotiation.
You can go to Costco Auto Buying Program and put a car together...don’t have to be a member to do this, and, they provide the invoice on all levels. For the tech you’re looking at...I think it’s about a $2000 spread between invoice and msrp.
Advanced SH-AWD
12,000 miles per year
$6,800 down
$1,000 Acura loyalty credit
Cargo mat
Mud guards
$573 per month.
put the 6800 in a CD account and pay the payments.
i will say this again, never out money down on a car whether purchase or lease. Find best interest rate and get gap insurance. The lease includes gap insurance.
the reasoning is that if you wreck the car or total it early in ownership you become at the mercy of the insurance company and what they value the car at. They only usually care about making the back or leasing company whole not you. Let the bank and insurance company and bank haggle it out with the gap insurance you sit back and loose NO MONEY.
YEP. So what you find out is that BMW has exceptional lease business model when discounts are factored in.
All this shows is that buying a Hot little Acura requires paying full price (But compare Audi/BMW) along with high money factor, a true residual (low put realistic) and dealer/manufacturer profit.
Has anyone wondered by the car industry is so happy to show us the "invoice" price?
It appears this was a near brilliant idea that consumers will use as a baseline of they illusive "excellent" deal.
I saw a really sweet deal at an Audi dealer on a $50,000 loaded A4 for $48,500 out the door (2018) Some dealers said impossible. The selling dealer said here, let me write it up.
This tells me that it is likely that each car has its own final true cost that may be hard to calculate unless you are the dealer accountant.
See offers on Acura.com:
$379 on Base FWD; $399 on Base AWD for owners of any Acura newer than 2009 or Q5 or NX.
$409 on Base FWD; $429 on Base AWD for all others.
I assume the rates will be incrementally more for Tech. A-Spec, and Advance.
put the 6800 in a CD account and pay the payments.
i will say this again, never out money down on a car whether purchase or lease. Find best interest rate and get gap insurance. The lease includes gap insurance.
the reasoning is that if you wreck the car or total it early in ownership you become at the mercy of the insurance company and what they value the car at. They only usually care about making the back or leasing company whole not you. Let the bank and insurance company and bank haggle it out with the gap insurance you sit back and loose NO MONEY.
See offers on Acura.com:
$379 on Base FWD; $399 on Base AWD for owners of any Acura newer than 2009 or Q5 or NX.
$409 on Base FWD; $429 on Base AWD for all others.
I assume the rates will be incrementally more for Tech. A-Spec, and Advance.
See offers on Acura.com:
$379 on Base FWD; $399 on Base AWD for owners of any Acura newer than 2009 or Q5 or NX.
$409 on Base FWD; $429 on Base AWD for all others.
I assume the rates will be incrementally more for Tech. A-Spec, and Advance.
$530.14 for SH-AWD Tech seems high.
Yeah I know and that is with $7k down. The mf is ridiculous, we walked next door to Audi and got a Q5 for the same monthly payments with only $4k down haha
Yeah I know and that is with $7k down. The mf is ridiculous, we walked next door to Audi and got a Q5 for the same monthly payments with only $4k down haha
Yeah, I was gonna say. The new 2018 XC60 from Volvo has a lease deal for $56k MSRP cars for 4k down, $514 a month, and that's a manufacturer deal pre-dealer negotiation. The lease deals on the new RDX are a joke right now. Just give it time.
Yeah I know and that is with $7k down. The mf is ridiculous, we walked next door to Audi and got a Q5 for the same monthly payments with only $4k down haha
I don't know anything about leasing. Just saw the offers on acura.com.
Why? Same issue applies you take a hit in diminished value and if you go to,trade it eventually you will see the hit.
There is no diminished value with a lease, and gap insurance does not specifically cover diminished value on a purchase either. The gap only covers the amount still owed if the car is totaled. How often is a car totaled compared to the cost involved? One of the best benefits of leasing is eliminating downside risk. Gap insurance and no down payment go hand in hand there, and rarely do you have any equity in a lease. In a purchase things are different, and for much of the loan, there is no ‘gap’ to insure, even though you may have paid to do so.
I have always thought that a good deal is: No down payment but only fees + 1st month upfront (under $1,500) and the lease payment should be around 1% of the msrp. Not seeing anything even close to that on the forums. I spoke to 1 dealer who I have gotten a couple of acuras from and he said to wait until around the 4th of July to see if there any programs out. Pull ahead not applicable to new RDX also, so that doesn't help.
I am right with you. BMW has offers like this on the X5 35i right now. 649/mth with nothing due to signing for a ~$61k car. Of course the X5 is on the way out later this year.
There is no diminished value with a lease, and gap insurance does not specifically cover diminished value on a purchase either. The gap only covers the amount still owed if the car is totaled. How often is a car totaled compared to the cost involved? One of the best benefits of leasing is eliminating downside risk. Gap insurance and no down payment go hand in hand there, and rarely do you have any equity in a lease. In a purchase things are different, and for much of the loan, there is no ‘gap’ to insure, even though you may have paid to do so.
In theory there is diminished value it is just at the risk of the leasing company and covered by gap. And while you are correct on what gap does on a purchase with no money down the amount owed to the bank will likely be more than the cars value for at least 3-4 years considering that the average US car loan is not something like 5 - 5.5 years. I had a friend that had a brand new G37 that was hit and totaled in less than a year and the fight he had with the insurance company on the value of the car was enough to convince me I will always do gap and never put a dime down on a car.
Would you please tell me what is a "gap insurance" and what would be a reasonable price (of a gap insurance) for a leased of ~47K vehicle? I really like your concept of go with this gap and ZERO down. Thanks!
06-04-2018, 09:36 AM
