OK… I finally have some real numbers to share!
The payoff number I see on Acura Financials is $38901 with 35 payments remaining. Here are some other relevant numbers:
MSRP: $52695
Negotiated sales price: $39595 (includes all incentives except the $1k royalty which is applied as cap cost reduction)
Gross cap cost: $40190
Cash paid at signing: $1262 (first payment + DMV + tax)
Cap cost reduction: $1000 loyalty
Based on these numbers “Buyout = Gross cap cost - Cash Paid at signing”. This means that by going the lease-then-buy we can take advantage of the larger lease incentives BUT we loose out on the $1000 royalty. Still comes down to 25% off MSRP for purchase which is pretty good IMO.