You say others are trolling, but you don’t even know the difference between MSRP and sales price. And a $3400 incentive isn’t a lot? OP only got 3.4% off MSRP before incentives, which is a measly discount.
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Unless it was RR, in which case we would have to ask the OP how he accomplished it
Out of curiosity, what did you trade in (model, year, miles, condition)?
While the deal looks awful (and based on the selling price is pretty bad), maybe they inflated the trade in amount.
Go on, tell us about the “situation” and “hidden costs” of other makes.
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I’ve located the hidden costs:
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Thanks for all of the feedback. I am a bit sad 
It is first lease for us so yea probably a lot of mistakes.
And to be clear i did find this website after the fact, while trying to find out if dealer fudged the numbers on us.
Few thing to mention cars MSRP was 46 795, lower trim would have had same discounts so would have been a better deal. Also we did get an offer on MDX with similar MSRP that had $4k more in discounts, so probably also a better deal.
The trade in was by our estimates and dealer’s initial appraisal worth 12 000 so the extra 2k was a way for dealer to discount the price (sales guys said it is easier to do instead of lowering car cost).
Getting car value is a bit tricky, looking at sale listings for the car best match still has 100k less miles on it.
Actually looking for those extra 2k what prompted this post.
Air in the tires (not nitrofill, just regular air) is a “hidden cost” to this guy. So is a license plate bracket.
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Two things:
This shows you still have a lot to learn, but you can before your next lease. A lower trim may or may not lease better. It may have a higher MF and/or lower residual, or it could also have less incentives. A great example right now is the difference between different Volvo XC90 trims.
Same as above - the MDX has more incentives than the RDX, not more discounts. The higher incentives lower the selling price and thus the depreciation is less, so the payment may be less, but again, that all depends on the full terms of the lease, which also makes the overall depreciation more or less on one car or another, aside from selling price.
You could have gotten a lower price. $39600 range.
Acura hasn’t added much incentive money on the 2019/2020 RDX as inventory is super low. So, compared to others, the % off MSRP seems low.
I thought Acura allows only 20% of MSRP as down payment on a lease.
14,000 + 8.75% (seems like your state/local tax) = 15,225
15,225 ÷ 36 = 422.92
422.92 + 283.42 = 706.34
$702.34 would’ve been your monthly payment with $0 out of pocket…
9919.7 (35 total payments) + 15225 (total money down with trade and taxes on trade) = 25,144.70
25144.7 (total paid by the end) + 24801.35 (residual value) = $49,946.05 you would have paid if you buy it out at the end… Plus dealer fee, taxes, certification, etc if you choose to buy it at the end…
Did you get ripped off? I wouldn’t say that… Did you get a great deal? No… You probably could’ve had a payment under $150/month with that much down if you negotiated a bit better… It does appear you paid over MSRP though…
At the end, if you like the car and are comfortable with the payments, then it’s a good deal for you…
Never ever put that much money down on a lease though… Next time just have them cut you a check for the difference!
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That’s all great but where’s the interest, bank fee, registration fees? He didn’t pay over MSRP at all.
And if you did zero drive off you would be looking at a higher payment than $702 because of interest. You would pay interest on the $14k (less tax) you didn’t put down.
I avoided this thread because I had nothing nice to say.
Please consult with our community on your next deal and enjoy your new car.
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That is a pretty handy tidbit, even for curiosity sake. I’ve seen this printout plenty of times.
Hey, you have a nice new car, no one died, and you’ll have 36 mos to learn more about leasing. Things could be worse.
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It’s great that folks here trying to say nice words, but tbh I just feel really sad that such things happens and people gets realized afterwards. Think of if this happens to your parents who are less knowledgeable about the data available on the internet. so sad…
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You’ll be a pro next time around. This is coming from a guy who took a 2007 tundra at sticker coz they gave me a 0% interest rate at 680 credit before. You’ll Be fine. Just enjoy and don’t worry about it.
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Not to pile on, but I’d just like to add that you could finance the vehicle for cheaper, sell in 3 years, and then still come ahead of that lease.
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The new RDX has had many quality issues, so who knows how well it will hold its value. At least with a lease, it is Honda, not the lessee, who will lose out if the value goes way down.
UPDATE: Just heard from person who leased the car. Dealer called them today asking to come in and resign the contract as them made a mistake and the monthly payment should be lower. However from what they understood the residual will have to go up. I am not clear on the details as i was not listening in on the call.
Now i am not sure what is going on. Maybe dealer trying to rectify the error and it will be in our interest(highly doubt it) or dealer trying to get even more money.
In any case what is the best course of action here? In my understanding it is possible renegotiate terms a bit to fix this bad deal?