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Acura MDX Prices Paid and Buying Experience

12875 messages,  Last post on May 23, 2013 at 7:44 AM

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What is this discussion about? Acura MDX, Car Buying, SUV

Messages Page 1240 of 1288

#12391 of 12875 Re: 2012 MDX + tech pkg Dallas/Houston [edmunds4mk25] by buya

Nov 16, 2012 (2:02 pm)

Replying to: edmunds4mk25 (Nov 15, 2012 9:25 pm)
2 very different cars. Test drive the RDX before you buy please. You don't want to regret your decision or justify it later. Does it have to be Acura? Think outside the box. Test drive other suv and crossovers before you decide on one.

#12392 of 12875 2013 Acura MDX Advance with Entertainment by jk764

Nov 19, 2012 (1:53 pm)

I don't see any 2013's on this stream, so I thought I'd share.
 
Got my MDX with Advanced and Entertainment packages this weekend. $49,500. 0% financing for 36 months. I'm in NJ.
 
Happy car buying!

#12393 of 12875 Just purchased 2012 MDx by x3putts

Nov 23, 2012 (8:08 pm)

Learned much from this forum so felt I should post my results (as everyone should to help the community).
 
New 2012 w/ Tech package, 40,828 OTD (no sales tax applies, I live in excise tax state where those taxes get collected with tag). Local dealer in Tulsa would not match price . For some reason they claim service car rentals is the main reason. I could rent 20 service cars, at least, for the price difference, very disappointed in the local team, try to support them where I can but not at 4 digit price delta.
 
Audi has 0.9% financing through the end of December (I think).

#12394 of 12875 Re: Just purchased 2012 MDx [x3putts] by pastready2buy

Nov 28, 2012 (8:49 pm)

Replying to: x3putts (Nov 23, 2012 8:08 pm)
Their unwillingness to match market pricing has resulted in your local Tulsa dealer has the highest inventories of 2012 MDX's I've come across lately.
 
Where did you end up buying?

#12395 of 12875 2013 MDX TECH by zuluwarrior

Dec 01, 2012 (7:04 pm)

Purchased 2013 MDX Tech, Black/Parchment w/ No miles for
42510.00 out the door (47850 List) Dealer had all season mats in vehicle
but said they were throwing them in that price. I guess
MDX is now standard with the rear cargo mat, anyways, it had it.
 
We pay no sales tax here.
 
Doc fee was 199.00
 
Traded my 2009 Acura MDX base with 18K miles. Got 25,000.00 trade in.
I think I could have gotten high 26's for it myself, but just didn't want to
mess with it this time.......
 
I find it amazing that when we bought our 09, no Acura dealer within 100
miles had a single MDX on the lot and now many dealers have nearly 100
of them.
 
Oh well, my life loved the 09. We had it nearly 4 years and spent
no more than a few hundred total on maintenance etc. Never had an issue
with the car but the extra features of the tech package will be nice to have
 
Acura financial is now offering .9 percent for 60 months. Despite Edmunds
saying it is for College Grad program, it's for everyone.
 
I instead opted for 3.25 percent from my credit union for 72 months.
 
Purchased at Bob Howard Honda, Oklahoma City
 
Everyone there was friendly, helpful. I recommend them highly.

#12396 of 12875 Re: 2013 MDX TECH [zuluwarrior] by habitat1

Dec 02, 2012 (12:14 am)

Replying to: zuluwarrior (Dec 01, 2012 7:04 pm)
Acura financial is now offering .9 percent for 60 months. Despite Edmunds
saying it is for College Grad program, it's for everyone.
I instead opted for 3.25 percent from my credit union for 72 months.
 
Sorry, but that doesn't get an "A" for financial prudence from Professor Habitat.. Not sure how much you financed, but using $35,000 just as an example:
 
(1) Acura 60/0.9% = $596,78/mo = $35,805 in total payments ($805 interest)
(2) Credit Union 72/3.25% = $535.70/mo = $38,571 total payments ($3,570 interest)
 
In this example, the credit union choice costs $2,765 more in interest over the life of the loan. Over 4 times as much interest expense as the Acura loan. If you trade the vehicle after 3-4 years, the difference will be even greater in percentage terms because the shorter term Acura loan amortizes faster than your longer term credit union loan.
 
Its none of my business what you do with your money. But it still pains me a bit to see someone trade a perfectly fine 4 year old MDX with only 18k miles to essentially spend another $18k on top of the trade to get a tech package and extra do-dads. And then go for a 6 year loan that will cost them close to another $3k. This looks like a bit like wheel in a hamster cage to me. But the good news is that I'm not a professor, so my grade doesn't count. And if you are happy with your new MDX and the monthly payment, I guess that's all that matters.

#12397 of 12875 Re: 2013 MDX TECH [habitat1] by zuluwarrior

Dec 02, 2012 (8:12 pm)

Replying to: habitat1 (Dec 02, 2012 12:14 am)
You went to all that trouble to write that?
 
You might have also thought to write that the payment on the Acura
financed deal would be almost 60 bucks higher than the 3.25 percent
at my credit union. My wife pays the Acura payment and wanted
to stay at 488 a month instead of going to 545 just to have more
equity at trade in time and save a paltry 1200 or so in interest
(I use the number 1200, because we keep our vehicles 3 or 4 years,
not 5 or 6 which would have been required to realize the full impact
of your interest example.
 
Since I had 7700 in equity plus 3000 plus down this time plus a 5300 plus dollar discount, I really don't think I'm hurting. I have a helluva lot
of equity.
 
Having said all that, mind your own business........

#12398 of 12875 Re: 2013 MDX TECH [zuluwarrior] by billy3554

Dec 03, 2012 (4:55 am)

Replying to: zuluwarrior (Dec 02, 2012 8:12 pm)
Have to agree with habitat1 on this one. Accepting a 3.25% rate when a .9% rate is available just to lower a payment by a few bucks does not seem fiscally prudent, particularly for someone buying a $40K or more vehicle.
 
As an alternative, you could have taken some of the money used as a down payment to offset the monthly payment. For example, taking $3,000 off the down payment, and putting it aside, would increase a sixty month payment by about $50 or so. However, a portion of the $3,000 put aside could then be added to each month's payment, over the thirty six months you keep the vehicle. You would then essentially keep the $488 payment while still enjoying the .9% rate.
 
Of course, if you only keep a vehicle for three years, a lease would likely lower the payment even more.

#12399 of 12875 Re: 2013 MDX TECH [zuluwarrior] by habitat1

Dec 03, 2012 (6:14 am)

Replying to: zuluwarrior (Dec 02, 2012 8:12 pm)
Sorry, but when you post on a public forum, you kind of lose the "mind your own business" as a credible rebuttal. But point taken and and be assured that I really don't care how you pee away your own money, I just want to set the math record straight for anyone else that happens to be looking.
 
You've financed roughly $31,900 to get to payment options of $543.92 (0.9%/60) vs. $488.25 (3.25%/72). Difference of $55.67
In 42 months, your wife will saved $2,338 in payments, but....
She will have paid $2,657 in interest, vs. $666 on the Acura loan.
That's a $1,991 difference, not $1,200, and...
in 42 months, you will still owe $14,050 to your credit union vs. $9,721 on the Acura loan.
That's $4,329 in additional equity you/she WON'T have. for your next trade for a 2016 MDX with a techno do-dad double plus package.
 
In a forum where people try to figure out how to save a few hundred dollars by sharing information, I would submit that staying as far away from a higher rate, longer term loan on a vehicle that you are going to trade in 3-4 years is an absolute no-brainer way to save a couple of grand.
 
Pee away your car dollars as you wish. But please, just don't use do it with a home mortgage loan, as it appears a few million others have. And now expect prudent taxpayers to bail them out of foreclosure. At this point, it becomes everybody's business and my solution is to point in the direction of a nice homeless shelter.

#12400 of 12875 2012 MDX Base by vbosmiya

Dec 03, 2012 (10:01 am)

I am looking to buy 2012 MDX Base in Northern NJ area and looking to get an idea of prices paid so that when I walk in to the dealership, I have better understanding of pricing being offered. Also I wasn't sure if Acura offers balloon payment option given current 0.9% financing option and the last payment as balloon payment. Please share your experience if you were able to get the balloon payment option.
 
Thanks.

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