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RDX Advanced lease
My 2017 RDX Advanced lease will be coming to an end in a few months. I have a 36 month lease with 12K miles per year and paid first month deposit and basic DMV, bank and inception fees. My monthly payment is $500. Today I checked out a 2019 Advanced and it certainly improved in many areas. Braking was surprisingly noticeable worse that my car though. Without getting into any serious negotiation, the sales person told me that the monthly payment under the same conditions as my current car would be around $600 a month. I did not get into specifics of money factors, residual, etc but was surprised with such high number. What are you folks paying for similar leases? TIA |
2019 with Tech, 36 months 12k year, only put $1600 down paying the same, $600 a month, my credit score may not been as high as yours or the cash down.
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Those are terrible lease rates. Should be close to 1% of msrp with just the first month down.
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Yikes! I have 2019 RDX w/tech. Monthly payment is $404 before state sales tax. I paid $3299 down payment and taxes and fees up front. Also paying a little less for only 7500 miles per year as I was able to roll over unused mileage from 2016 rdx lease. Plus $1000 loyalty credit. I feel I got a fair deal, not great. You need to check money factor, residual value and if loyalty credit is available.
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Hi Mlov, where in NJ are you getting those rates? I am also looking in NJ. |
In August, I was able to get a '19 A-Spec for $492, including taxes for only drive-off (approx. $1700). I'm pretty sure the Loyalty and the 7500 miles/yr (using the rollover from my old lease to get to 10k/yr) helped bring the price down.
The advance will be a little more expensive, approx $40-50 more per month I think, so anything in the mid 500s with nothing down might be a pretty decent deal. |
I asked about a lease for my AWD Tech when I purchased in late August (ended up buying instead). Was quoted $525 with $2,000 cash out of pocket plus about $2,000 in equity from my 2017 RDX trade and $1,000 loyalty, so technically $5,000 down. 15k miles per year and included taxes of about $1,200. I’m in upstate NY. |
Southern California here.
FWD Tech. 3500 down, including all fees and taxes. Had the $1,000 loyalty credit as well (so I guess technically $4500) $410/month. 10k miles/year. |
Dallas Texas area.
Just leased, 36 months, 36k miles, a new 2019 RDX SH- AWD with Tech package. Modern Steel M. SINGLE PAY LEASE MSRP: $43495 with destination charge Factory Rebate: $1000 (ended 12/31/18) Net Gross Cap Cost: $40,699. With factory rebate. This Net Gross Cap Cost includes ALL fees including ACQ fee, and taxes. Money Factor: .00036 (high FICO score) Dealer added ad N/C, window tint and ResisALL. |
The lease money factor is horrible for the RDX. When I was pricing out an A-Spec a little over a week ago it was actually cheaper to lease an MDX.
Edmunds has car specific forums to ask lease/purchase questions and was very helpful. The base money factor for the RDX was around .00131. The resale in 3 years is also a bit of an unknown since this is a redesign. I don’t recall exactly what the residual was but it seemed high. |
Looks like the base money factor is now .00109 and 58% residual. |
Ross7777,
My MF rate is .00036 which is actually .864% (notice the 3 zeros, more zeros = lower APR) Remember I am doing a ONE PAY lease which greatly affects the MF. My R is $25662 or 59% of $40,699. I actually leased two RDX's (both single pay) one for wife and one for daughter. That helped with the deal. Love the SH-AWD of wet roads. |
Yes. The one pay lease is different. The traditional lease for an RDX doesn’t make sense at this point. |
Originally Posted by jgcjr
(Post 16360642)
Ross7777,
My MF rate is .00036 which is actually .864% (notice the 3 zeros, more zeros = lower APR) Remember I am doing a ONE PAY lease which greatly affects the MF. My R is $25662 or 59% of $40,699. I actually leased two RDX's (both single pay) one for wife and one for daughter. That helped with the deal. Love the SH-AWD of wet roads. |
$500 month 36/15k miles base with AWD only first month down, didn't even pay tags. I know it's just an ok deal, but I had a lease broker who couldn't get me a better deal and I also shopped around 4 different dealers. It's a hot car and seems difficult to really get deals on.
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Originally Posted by Lalin
(Post 16358406)
Hi Mlov, where in NJ are you getting those rates? I am also looking in NJ. |
Originally Posted by Lalin
(Post 16357966)
My 2017 RDX Advanced lease will be coming to an end in a few months. I have a 36 month lease with 12K miles per year and paid first month deposit and basic DMV, bank and inception fees. My monthly payment is $500. Today I checked out a 2019 Advanced and it certainly improved in many areas. Braking was surprisingly noticeable worse that my car though. Without getting into any serious negotiation, the sales person told me that the monthly payment under the same conditions as my current car would be around $600 a month. I did not get into specifics of money factors, residual, etc but was surprised with such high number. What are you folks paying for similar leases? TIA |
Originally Posted by mlov(NJ)
(Post 16400438)
Currently working on leasing one now. Did you get one yet? @Lalin
In the mean time I researched the XC60 and like it a lot. |
Got them down to $38,900 for base SH-AWD (listed as $40,5xx+)
Traded in an MDX for around $5k down. $428 / month lease for 36 months, 10k miles / year. $24,500 purchase price at lease end, which I’m pretty sure will be a good deal, especially at my current rate of driving which will be about 23k miles by lease end. |
Hope by this time you had a good lease term, Lalin!
My lease back in DEC-2019, for an 2019 RDX Advance trim, White Pearl/Blk leather: 36mos/10K, DAS (due-at-signing) $1999 (inc all fees+1st payment), $453, with tax is $489.00 (in So. Cal.). Hope it helps. David |
Originally Posted by DKN0524
(Post 16461530)
Hope by this time you had a good lease term, Lalin!
My lease back in DEC-2019, for an 2019 RDX Advance trim, White Pearl/Blk leather: 36mos/10K, DAS (due-at-signing) $1999 (inc all fees+1st payment), $453, with tax is $489.00 (in So. Cal.). Hope it helps. David |
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