Please review offer from local dealer. Any good? Getting Leasehackr Score 6.5 so concerned.
2023 Acura MDX SH-AWD Technology
36 months - 10,000
57% 0.1144 MF
MSRP 58245
Sales price. 52940
Tax 3263
TTL. 1296 (includes 899 dealer fee)
57500 Roll all tax/fees
795 per month. Only first payment DAS
Appreciate the feedback.
Respectfully the car is not worth 795 a month. You should rather finance the car. It’s reliable and holds it’s value pretty well
6750 down at 4%(just a random rate) for 72 months get you the same payment and you own the car 
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Thanks for your thoughts.
Does this logic hold?
MSRP 58245 x residual 57% = 33199
Payment 795 x 36 = 28620
28620+33199=61819 total if purchased after lease
If financing 33199 at lease end be total cost be comparable?
Not married to this deal just want to hear others out.
If you like it a lot, finance it on day one.
It’s a poor lease deal
Not defending lease deal just trying to better understand. Will consider purchase.
Are the leases on MDX’s poor in general or something particularly bad about this one? Anything specific appreciated.
Thanks, again.
I assume you’re missing a decimal place or two in the MF?
I don’t have a great memory of the MDX deals posted, but, if the calculator matches, I actually don’t think it’s a bad deal for an MDX.
The thing is that most cars just don’t lease well nowadays. So, if the total cost of ownership isn’t that different from financing it, then why not just do that (and have an asset at the end of it)?
Yes. Sorry. MF 0.00114 or about 2.75%
I guess I was thinking financing the lease at 2.75% and the the residual at end of lease was no much different than financing now. With lease have option to purchase (or not) so a hedge against problem with car or if it does not hold value (hope it does).
Thanks.
How can you own a car if there would a lien from a lender? Technically speaking, he would not have the title in his name until all the loan installments are fully paid off.
Thanks gopal but I’m sure that is what Harry657ha was getting at.
Have you actually done the math?
You do own the car. A lien just means the lender has the right to be paid back. If you sell to a dealer, they will pay off the balance of the loan and pay you the difference (the equity).
You do not need a loan to be fully paid off to benefit from this scenario. The ability to sell to anyone can be very valuable, unlike a lease where the lender/lessor can impose any restrictions they want regarding 3rd party dealers.
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Max_g …. Pillory me as necessary
Please-if my numbers are off or this does not makes sense let me know. Thank you.
Rent charge on 36 mos lease: 3758
Residual 33199 (added 6% tax and 1000 in fees?) x 36 mos x 6% (?) interest =3445. (Pmt 1101).
Total interest to lease and then buyout = 7203
Total cost 28620 (36x795pmt) + 34199 (residual + 1000) + 3445 interest on buyout = 65904
Purchase (52940+3177 tax+1300 fees) x 60 mos x 4.9 Acura rate= 7436 interest Total cost 64853. (Pmt 1081).
72 months x 5.5% (?) = 10124 interest total cost 67541. (Pmt 938)
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