Last week my Acura RDX was hit by another driver and is now determined to be totaled since my vehicle flipped over. Does anyone understand the process of what happens next. My insurance company ruled the vehicle out as a total loss today and the settlement amount is less than the payoff amount by about $1400, does anyone have any advice on what I can do? Will I have to pay an early lease termination fee? What happens with my plates? I’m stressed because on top of being in pain I’m now without a car. Any kind advice would be appreciated thanks. I’ve only had the vehicle for about 14 months. How should I go about getting a new vehicle? I will most likely downgrade to a Honda Accord to save money since I’ll now have to pay taxes and fees for a new car..ughh!
Thank you @jeisensc im so grateful to be alive the experience was scary but life goes on. I’m in a lot of pain but I also know that it could’ve been worse. Thanks so much for your advice !
Sorry to hear of your situation and hope you feel better soon.
What bank was the lease with. Most include GAP insurance which means you are covered for the delta between payoff and appraised value. Do you agree with the insurance company’s assessment of value?
Hi it was with Acura financial services, the final settlement they quoted me was around 36k for a 2024 base model RDX with 12k miles on it, when I did some research of comparable cars 36k seems to be reasonable. Most ranges that I saw were 35k to 42k for the higher model RDX’s. Thanks for your well wishes and advice.
Guaranteed Asset Protections (GAP) generally covers the difference between insurance payments and the outstanding lease if your vehicle is stolen or deemed a total loss. GAP coverage is standard on all Acura Luxury Leases.
If you’re up to it, ask for the MMR of your RDX here. Just want to ensure you are receiving all compensation you are entitled to.
Think about safety features and the difference between RDX and Accord and make a wise decision.
When you lease you can sometimes pay as much as $0 due at signing. Most common in LH world is that or first monthly payment. All fees and taxes rolled into monthly payments.
Wow you’re the 2nd person that told me this. I honestly think things would’ve been much worse if I were in a car it’s just that this is such an unexpected expense. Thank you so much for your advice though
Thank you, I somewhat know but not 100% confident. I mean this would be my 6th lease so I usually have an idea of when the dealer is trying to get over on me and I usually go with my brother who will verify all of the costs on the deal sheet.
I know it’s more about the discounts and rebates offered right? I just have a certain number that I would like to stay under especially for a car. I’ve only had Honda’s and Acura’s which I love. I have a rental right now so I’m starting to weigh my options.
It isn’t hard…go to Wiki here and google ‘car lease equations’ and put together your own spreadsheet…that is the best way to really learn/know. Or really play with the calc on this site.
Payment $499.99 $0 DAS because the equity from my 2021 RDX was used towards the 2024 RDX. I believe I reached out for advice on LH last year before I got my vehicle.
So the 2 cars that I’m looking at is an NX 350 or 300 if possible and a Honda Accord SE, my credit is above 750. If I can I would like to do $0 DAS with an under $500 monthly for the Lexus and for the Accord SE same but with an under $350 payment monthly. Of course I would never tell the dealer that but these are the numbers I have in mind. I feel like my expectations for the NX are unrealistic based on browsing on here which is why I would just do an Accord SE.
thanks 
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