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RDX Advanced lease

 
Old 01-01-2019, 07:12 PM
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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
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Old 01-02-2019, 10:24 AM
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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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Old 01-02-2019, 10:28 AM
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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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Old 01-02-2019, 10:55 AM
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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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Old 01-02-2019, 05:07 PM
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Hi Mlov, where in NJ are you getting those rates?
I am also looking in NJ.
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Old 01-02-2019, 06:39 PM
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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.
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Old 01-02-2019, 08:07 PM
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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. Iím in upstate NY.
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Old 01-03-2019, 02:12 PM
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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.
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Old 01-04-2019, 10:50 AM
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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.
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Old 01-07-2019, 10:51 AM
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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 donít recall exactly what the residual was but it seemed high.
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Old 01-07-2019, 10:54 AM
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Looks like the base money factor is now .00109 and 58% residual.
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Old 01-07-2019, 12:15 PM
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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.
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Old 01-07-2019, 12:16 PM
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Yes. The one pay lease is different. The traditional lease for an RDX doesnít make sense at this point.
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Old 01-07-2019, 12:33 PM
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Originally Posted by jgcjr View Post
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.
I had no idea that the "one pay lease" was an option. That's a significant savings in interest costs.
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Old 01-11-2019, 01:34 PM
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$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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Old 01-22-2019, 04:49 PM
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Originally Posted by Lalin View Post
Hi Mlov, where in NJ are you getting those rates?
I am also looking in NJ.
I don't currently have that rate. But, that is what you should shoot for with a sign n drive lease according to the Lease Hacker Forum. After watching the Edmunds forum, the RDX is not leasing well at all right now.
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Old 03-19-2019, 07:59 PM
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Originally Posted by Lalin View Post
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
Currently working on leasing one now. Did you get one yet? Lalin
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Old 05-07-2019, 08:01 AM
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Originally Posted by mlov(NJ) View Post
Currently working on leasing one now. Did you get one yet? Lalin
Nope. I am surprised that the Acura dealer did not follow up at all.
In the mean time I researched the XC60 and like it a lot.
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Old 05-07-2019, 09:52 PM
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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 Iím pretty sure will be a good deal, especially at my current rate of driving which will be about 23k miles by lease end.
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