Last post on May 21, 2013 at 7:16 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura MDX, Car Buying, SUV
#12339 of 12859 Re: Leased new 2012 MDX Tech [trickledown]
Oct 15, 2012 (7:20 pm)
Your calculation does not account for a number of items.
For a lease you have to pay for two components:
Depreciation: Price - residual divided by terms
Finance charge: (Adjusted capital cost + Residual ) X money factory
There are other items needed such as the acquisition fee (which is always there for a lease), registration fee , doc fee ($80 for CA), etc. all got rolled into the lease.
The $1000 drive off covers the first month payment so I pay
$1000 + 35 x monthly payments.
Leasing is always going to be less financial efficient than buying with cash. (no interest charge, no lease fee etc etc). Since money factor, residual are set by Acura, the only thing you can negotiate is the selling price.
I see someone posting a $38400 price for the Tech, which is a great deal...
#12340 of 12859 "Upgrade" offer
Oct 16, 2012 (11:59 am)
I’m just looking for some opinions on this offer my Acura dealer presented me. I currently drive a 2011 MDX Tech with 24K miles on it that I’m happy with. When in for a service they offered to put me in a new 2012 MDX Tech/Entertainment for the same monthly payment I have now ($407). I realize this is possible because I had put a considerable amount down, and while I extend my remaining 40 payments to another 60 months, I wipe out the 24K miles I already have on my current vehicle. I don’t much need the Entertainment package with two kids under 16 months of age, but might in the future! Is this a deal I should jump at? It seems to me, I’m only paying for the depreciation, but get a new vehicle with a bit more options. Or am I getting suckered? Anyone else get offered something like this?
#12341 of 12859 Zero percent financing MDX 2012
Oct 17, 2012 (8:50 pm)
I just bought MDX 2012 tech/ entert with 0 % financing for 60 months and almost 6000 $ discount below MRSP.
I think it is a good deal, right ?
#12342 of 12859 Re: Zero percent financing MDX 2012 [ahmadba]
Oct 18, 2012 (4:29 am)
I think it is a good deal, right ?
Isn't that a dangerous question to ask, after the fact?
There are at least two dealers in the DC area (Rosenthol & Pohanka) that continue to send me e-mail offers of $8,500 to $9,300 off on an 2012 MDX Tech. They have $200-$400 "processing fees", so the true discount is less. I don't know if taking 60 month/0% financing would reduce those discounts. Back in July, when we were in the market, one of the dealers (Rosenthol) told me that I would have to finance a minimum of $5,000 (at 1.9%, I believe) to get the maximum purchase price discount. But it could be pre-paid after a couple of months with no penalty.
In retrospect, you may been wiser to go for $6k off and 0% financing than I was paying cash for our X5. I have never had a car payment, and didn't want to start now. But with Apple having dipped to $630/share last week, buying January 2015 leap options may have been a better place to "park" my money than in the X5. We'll see.
Oct 18, 2012 (10:00 am)
ny area 12 MDX Tech 40k.. seems to be fair, thoughts?
#12344 of 12859 Re: MDX Prices in the DC Area [habitat1]
Oct 18, 2012 (2:01 pm)
Great. Now we know there's something called "reading comprehension" that is definitely a skill good to have before we go around reminding other people what they forgot or disparaging others in a somewhat civilized way. Thank you for trying to be civilized.
First, had it been an addition in made of cars, I would not be in different forums trying to learn and compare information as to what other people are paying for their cars.
Second, I'm not a car buff, but I believe I know what kind of performance I'm hoping to get in the car I buy. However, to describe cars in technical terms or in ways an enthusiast would is not what I care to learn. So I write spiritedly or immaturely about cars, but that is not an invitation for insults from mature bloggers like you. If you read all my postings, hope you didn't because you may directly call me childish, you will know that I don't own a car now. The last 2 cars I sold this year were British gas guzzlers but made in Germany.
Back to the reading comprehension part. I drove German cars. The reason for adding the word European is to distinguish some of them are not German brand. I'll not buy European/German because I like to keep my cars in pristine state and little hiccups in the car will mean a trip to the dealership for checkup. Car checkups or repairs in warranty waste time, and off warranty is expensive, esp. for European cars. Japanese cars are known for their ability to take abuse as oppose to European cars. I still like German cars, but I am only considering buying cars that are not German made. This, I hope will spell out what I wrote before in different forums, is a complete waste of time, but an appreciation for your reading my posts and caring enough to remember and comment.
To further engage in defending myself from your accusations would substantiate your claim that I might be a child. Anyway, thanks for saying that I still have a young person outlook.
Happy blogging and don't take everything too seriously.
#12345 of 12859 Re: MDX Prices in the DC Area [habitat1]
Oct 18, 2012 (2:13 pm)
Oh, I see where your comment came from...I get that a lot!!
BTW, asking politely if you would share pricing information is a freedom we all have on this forum, and getting an answer or not is irrelevant. For you to chastise and demean a fellow blogger is very mature, you would think!
So I apologize for asking you to share the price you paid for your X5, assuming you did buy. And I apologize more if you didn't for I thought all said in the forum were true.
What interesting choice of word you're able to churn out...mentally challenged would substitute all those derogatory description you care to use on an innocent blogger, except for the word "trolling"... amazing how these insulting words seem to come so easy to some people. But I wouldn't want to do it to anyone. Thank you.
#12346 of 12859 Re: MDX Prices in the DC Area [buya]
Oct 18, 2012 (3:11 pm)
"So I apologize for asking you to share the price you paid for your X5, assuming you did buy. And I apologize more if you didn't for I thought all said in the forum were true."
Huh? I read your two full posts above and admit, my "reading comprehension" is only about 50%. A little less than I'm running with Steven Hawking's "A Brief History of Time".
But...no need to take this to the string theory level of debate. And sorry if I didn't answer your question based upon the derogatory manner in which I thought it was asked. Our X5d had a MSRP of $63,845; we paid $54,800, including dealer discounts and eco-credit from BMW USA.
#12347 of 12859 MDX Tech / Ent
Oct 19, 2012 (11:45 am)
Just bought an MDX Tech / Ent for $41800.
OTD - $44700 (With Tax, title, reg and doc fee). Got my fav color combi too !
#12348 of 12859 2012 MDX Base for $36.5k at Springfield, NJ
Oct 20, 2012 (12:01 pm)
We bought a 2012 MDX Base for $36.5k + Tax + All fees (825) at Springfield area in New Jersey. We have added remote start accessory for $700 (including installation charges). Sales guy is Richard and he took good care of us.
Used quotes from Geico car buying program and Costco to find the best quote and showed it to the dealer. They honored it. I had to trade in 2000 Honda Accord SE with 126,200 miles on it. I've showed them they Kelly blue book valuation for my car trade in and they honored it after 15 mins of negotiation. They took my car for $3000 as it had some SRS and transmission problems. KBB showed $3000/- valuation for a car in good condition.
So I had to pay,
Price: $33,500 ($36,500 - $3000)
Remote start: $700
OTD price is : $34,200 + 7% tax + $825 (Dealer fee, DMV fee, etc etc)
I've benefited tremendously reading the MDX forum, without it I wouldn't have been able to get this price. Geico car buying program (through TrueCar association) gave us a good quote.
Do you guys think this is a good deal?