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Hi I am looking to buy a 2010 MDX Tech. What would a be a good price to pay in the IL area? One dealer id not even willing to offer me a price. He says he will beat whatever lowest offer I get. Please advice. Thanks
clebrown, Based on the information provided in the Ad, I was able to construct the following... MSRP.................................... 35,965.00 Sell Price (S).......................... 34,125.74 (NEGOTIABLE) Amounts Financed (A) Acq. Fee.................................... 595.00 Gross Cap Cost (G).................. 34,720.74 Cap Reduction (D).................... 0.00 Adj (net) Cap Cost (C).............. 34,720.74 Cost of Money/Residual Money Factor (F)................... 0.00134 Residual Factor..................... 59% Residual Value (R)................ 21,219.35 (Res. Factor x MSRP) Term (N).............................. 36 There are basically three equations used to structure a lease... G = S + A (1) C = G - D (2) Monthly Payment = F x (C + R) + (C - R) / N (3) = 0.00134 x (34,720.74 + 21,219.35) + (34,720.74 - 21,219.35) / 36 = 450.00 I believe there is $1,500 loyalty cash available as well as $1,750 marketing support. If you qualify for the loyalty cash, then the total incentive amounts to $3,250. Assuming you qualify for the loyalty cash, I would start with 32,700 - 3,250 or 29,450 and negotiate from there. Remember, you can always come up but never down. To be sure, you may want to check Edmund's invoice pricing and incentives that are available for this vehicle. Also, check... http://cars.overstock.com/main.html?referrer_id=ZOSC000670 for competitively low selling prices in your area. John
Is the advertised deal below a good one. 0 down, 0 due, 0 sd, 0 across and $450 for 35 months. If not, why and what do you think can be negotiated. 2010 TL Regional Featured Special Lease - Zero Due at Lease Signing $0 down payment, $0 security deposit, $0 first month's payment, $0 due at lease signing Excludes taxes, titles and fees. $450.00 a month for 35 months thereafter. For well-qualified buyers. Offer only available to residents of the following states: AL, AK, AZ, CT, DE, FL, GA, HI, IA, ID, IL, IN, MA, ME, MI, MN, ND, NJ, NM, NV, NY, OH, PA, RI, SD, UT & WY.� FEATURED SPECIAL LEASE: Closed-end lease for 2010 TL 5 Speed Automatic (Model UA8F2AJW) for $450.00 per month for 36 months with $0 capitalized cost reduction available to customers who qualify for the Acura Financial Services Super Preferred or Preferred credit tier. Other rates/tiers are available under this offer. $0.00 due at lease signing ($0 first month's payment, $0 capitalized cost reduction and $0 security deposit; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify. $0 due at lease signing offer requires dealer contribution, which could affect final negotiated transaction. Subject to limited availability. From July 7, 2010 through September 7, 2010, to approved lessees by Acura Financial Services. Closed end lease for 2010 TL 5 Speed Automatic (Model UA8F2AJW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $35,965.00 (includes destination). Net capitalized cost $34,720.74. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $15,750.00. Option to purchase at lease end $21,219.35. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 10,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 10,000 miles/year. See dealer for complete details.
firstmdx, wow, you got a price ($39000) even lower than invoice + destination($39,586 ). that is great ! It seems it is hard to reach over here. Your id is first MDX, I am also trying to get me first MDX. When I check the price here. people always use " price + TTL", the price here already includes the destination fee. that is also the way we talk about price with dealer. When somebody start to compare the "price" in this format with "invoice", I kind of confuse because the "price" includes destination fee but "invoice" does not, the difference is $810. it is not a small number. For TTL, our sale tax here is 9.25%, registration for a new MDX is $516, very high, but nothing we can do for this part. thanks again for your valuable information. I think I can use $39000 as my target, this is the lowest number I found here, did you ever see anybody here in this forum get a better deal than $39000 for a base Model? thanks.
I live in Idaho and the closest Acura dealer is 250 miles and 5 hours away - lots of mountains. Does anyone on here have experience with dealers in WA, OR, UT, or ID? I will be stuck with having a lot of travel and could really use some info on where, or where not, to start looking. Thnaks.
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