Hello, I’m being offered the following lease option on a 2023 Acura MDX AWD Tech Pkg.
My local dealer here in Central Florida tells me they haven’t done 0 down payment in 8 years.
The dealer wants $3,499.00 down (DAS) I asked, and the $3499 includes first month, acq fee, dealer, tag and plus. Then $699.00 per month for 10k miles for 36 months
When I asked for a breakdown, they sent me the following:
MSRP: 58245.00
Selling price:52758.67
Residual %0.59
Money Factor (APR) 0.00139
Acquisition fee 595
Dealer fees 995.00 TAG IS $400.00 PLUS 199.00
I’m in Seminole county and tax rate is 7%
I tried to plug in all numbers given in the calculator, and I can’t quite match the $699 a month offered. I am reaching out to see if this is a good deal or if I should look else were. Thanks.
You can put down whatever amount you want on a lease, at least in my experience. I have done $0 down, but I usually go ahead and put down the 1st months payment because it will be do soon anyway. Your money is better in your pocket than the dealers. Only reasons to put down money are to effectively lower your payment, or you simply are afraid you will blow the money you have in the bank and not be able to meet a payment(s) when due. It must be to the dealers advantage to get large down payments because they push you to do so. Again, I usually roll all the fees and taxes(depends upon how your state collects) into my payment. Structure your deal the way it best suits your needs.
