My MDX is shipping tomorrow from Ontario, so I went to my dealer to talk about the lease. First of all, it is a Base 182. The only option I wanted was the running boards...the rest are coming from Tim 
So, here are the details from the second lease offer they gave me:
MSRP $35,180
Add to MSRP $300 (running boards)
Residual 65%
Residual Value $23,062
Term 36
Money Factor 0.00296 (7.1%)
Initial Cap cost $36,040 ($35,180 + $860 for running boards)
Annual miles 12K
Excess penaly .15 /mile
Cap cost reduction $0
Adjusted cap cost $36,040
Base Monthly rental $535.44
Sales Tax $991.22
Total Payment $562.21
Reg/Title Fee $767
Security $575
Misc Due $550
Amount due at start $1,931.71
First of all, should the residual be 65%?? Second, the rate is high...they started at 8.6%, but came back with 7.1%...still seems high. Also, it seems like Reg/Title is very high at $767. They claim the $550 under MISC due is the acquisition fee. I need some opinions on this lease, ASAP. Should I look at a third party leasing company?? Thanks for your help!!
So, here are the details from the second lease offer they gave me:
MSRP $35,180
Add to MSRP $300 (running boards)
Residual 65%
Residual Value $23,062
Term 36
Money Factor 0.00296 (7.1%)
Initial Cap cost $36,040 ($35,180 + $860 for running boards)
Annual miles 12K
Excess penaly .15 /mile
Cap cost reduction $0
Adjusted cap cost $36,040
Base Monthly rental $535.44
Sales Tax $991.22
Total Payment $562.21
Reg/Title Fee $767
Security $575
Misc Due $550
Amount due at start $1,931.71
First of all, should the residual be 65%?? Second, the rate is high...they started at 8.6%, but came back with 7.1%...still seems high. Also, it seems like Reg/Title is very high at $767. They claim the $550 under MISC due is the acquisition fee. I need some opinions on this lease, ASAP. Should I look at a third party leasing company?? Thanks for your help!!