Hi, I’m new to leasing. Is this a good offer? I know we shouldn’t, but we were thinking about putting some money down to lower the payment. Still undecided about leasing…thoughts?
Acura MDX 2019
MSRP $45,295.
Selling price $39,358
MF .001%
Residual value is $26,271
12K miles per year
$492 per month (includes tax)
A base MDX has $2500 of Acura to Dealer incentive. I think you should be shooting for 10% off before incentives - so a sale price of ~$38,265. Basically I think you have another grand in your deal. Good news is they’re giving you buy rate on the MF.
Basically first month, tags, registration, and taxes. Also, if you qualify for loyalty or conquest, that shaves another $1000 off in incentives. Also I typoed, the incentive on base is $2800, not $2500.
Assuming ~$550 in registration costs and 9.5% tax…
Add $32 if you don’t qualify for the loyalty/conquest rebate.