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Acura MDX Prices Paid and Buying Experience

7062 messages,  Last post on Sep 04, 2008 at 8:32 PM

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

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#299 of 7062 Cooked isn't always a Bad Thing! by islandguy Apr 29, 2003 (1:00 pm)
freespec,   Dealers ALWAYS make money. What you hope for is a FAIR deal that is a Win-Win for both parties.   Just some interesting facts:   2.5 year old 2001 MDX Touring (Original MSRP $38,500) has 49k miles. Extended Warranty would cost $1,700 and I will soon need tires all around. There is something to be said for cost avoidance.   New 2003 MDX Touring w Nav (MSRP $40,500) - New Warranty, Tires, Brakes Etc. The Nav should be a Fun Thing. Could this MDX be worth more in 2.5 years than my current MDX? We shall see.   Purchasing a NEW vehicle can hardly ever be considered NECESSARY. It's just one of those rare luxuries we allow ourselves. Oh, last time I checked, my home equity rate was tied to PRIME. Just a thought.
#300 of 7062 CT Prices by painfreedoc Apr 30, 2003 (6:44 am)
Any one get a good deal in CT. So far it MSRP only? What kind of deals on accessories are people getting?
#301 of 7062 Painfreedoc....... Can't help you with CT deals... by onelgs Apr 30, 2003 (8:29 am)
But as to accessories, I just purchased a couple items from HondaDirect... you may want to check out the posted link under post #290.   Lidia
#302 of 7062 Lindsay acura for onelgs by painfreedoc Apr 30, 2003 (11:30 am)
I see that you got your mdx for below msrp at lindsay. is there an email address where i can contact them to get a quote.
#303 of 7062 Painfreedoc.... by onelgs Apr 30, 2003 (1:17 pm)
Happy to help a fellow consumer... Just sent you an email. If it didn't go through, please email me at L79Daol.com   Good luck to you!   Lidia
#304 of 7062 Agree with freespec by shatch1 May 01, 2003 (5:18 pm)
I always caution people to be careful when combining a trade-in deal with a purchase. By my calculation, islandguy's dealer got a pure $1000 profit over and above the nice profit already built into the $41,000 selling price.   Look at it from the dealer's view: your $478 monthly payment on the new car means the principal is about $31,400 (at 4% for 5 years), so the dealer gave you $9,600 off the new car price in lieu of a cash down payment. Then the dealer pays off your remaining loan balance of $16,400 (rounded numbers), so for a total investment of 9600+16400 = $26,000 the dealer now owns the 2001 vehicle. Islandguy claims the trade-in value of that car was $27,000; if so, the dealer made an easy $1000 just on the financial dealings.   Islandguy, maybe it was worth $1000 to you to walk out with an easy transaction, or maybe your car's trade-in value wasn't really as high as $27,000. Just don't think the dealer was doing you favors.   By the way, I am not trying to sound superior. I know how disconcerting a car transaction can be when the dealer throws a bunch of numbers at you. Especially so when sales price, trade-in value, and financing are mixed together.
#305 of 7062 freespec and shatch1 ......... by onelgs May 01, 2003 (7:20 pm)
I won't claim to be as well versed in IslandGuy's purchase and trade deal as the two of you are but doesn't the fact that his 18 month old MDX had 49,000 miles add some advantage to his deal?   I do hope that both of you will be around this board in a couple of years when I will be looking for help in calculating my 2003 MDX trade-in value... hopefully, you will be able to show me all the pros and cons of the deal   Lidia
#306 of 7062 shatch1 by islandguy May 02, 2003 (4:55 am)
shatch1,   You are definitely good with the #'s! So let me plug in the actual figures: Loan Pay Off - $17,340 Total Cost (Tax, Tags, etc.) - $41,450 Now your formula: $41,450 - $31,400 = $10,050 $10,050 + $17,340 = $27,390 $27,000 - $27,390 = -$390   I will certainly use your calculator in the future. As Lidia noted, I considered my mileage (49k) to be a real negative. It is by the way, 30 months old.
#308 of 7062 islandguy by shatch1 May 02, 2003 (10:26 am)
OK, with the detailed numbers, it looks like you did fine on the trade-in (assuming the $41,450 you paid on the new car represents fair market value). You had said your 2001 was 2.5 years old, so I assumed you had paid for 30 months on a $30,000 loan at 7.3% for 5 years. If you had been paying only for 28 months on such a loan, the loan pay-off would indeed be closer to $17,400, and your revised calculations are correct.   (BTW, I meant to type $578 instead of $478 in my previous post)

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