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Prices Paid: Buying & Leasing Experiences Acura MDX Prices Paid and Buying Experience
9156 messages, Last post on Nov 29, 2009 at 12:38 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: hpowders (May 04, 2008 8:35 am) Originally I planned on purchasing our '08 MDX but ultimately opted to lease it and let American Honda Finance bear the brunt of the risk if the resale of the value tanked 3 years down the road.
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Replying to: austinpower (May 16, 2008 8:04 am)
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Replying to: jmpage2 (May 19, 2008 5:39 am) With so many dealers refusing to buy SUV's on trade-ins, why risk being stuck with a vehicle that could prove difficult to unload? I would avoid the tempting $2000 market support or 0.9% financing and instead would pay a bit more interest to get an MDX lease, with the security of knowing that returning the vehicle at the end of the lease period is a sure thing. When the music stops, you don't want to be the one guy left standing without a chair. Another thing, if you check out the different sites calculating 5-8 year ownership costs, the MDX becomes one expensive vehicle! You definitely made the smart move.
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Replying to: jedi70 (May 19, 2008 10:22 am) It is anybody's guess whether Acura will extend these incentives. |
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Replying to: hpowders (May 19, 2008 2:14 pm)
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Replying to: josephd05 (May 19, 2008 3:45 pm) The best option in such cases is to hopefully be able to do a five year depreciation on the vehicle if it's a business asset and then simply replace it after it has depreciated completely. I would actually argue that an MDX is a bad choice for someone who puts 20K miles a year on a car. The gas and maintenance costs will make it an extremely expensive proposition.
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Replying to: jmpage2 (May 19, 2008 5:30 pm) I am not worried about gas not one bit. It's all pleasure driving, and my wife has a new accord which gers 25-30mpg. Also being 6'4", comfort was a big reason I am getting rid of my 4runner and into the MDX. The thigh support was brutal on the V8 Limited 4runner, the MDX is pure bliss for my lanky frame. Also, the MDX is a pretty reliable vehicle and very good resale compared to other CUVs. This is a vehicle we are going to keep for 7+ years. I disagee with maintanence being expensive. Maintenence is expenseive on german cars, not really so much on japanese cars. As a former BMW owner, I couldn't keep up with 200 bucks every time i needed a new headlight or 1000 dollar brake jobs because BMWs need new rotors for every brake job, ridiculous.
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| also note, you can find 5 year old MDX with 100+ k miles for near 10K asking price, so even if you drop 3 K from that. TOTAL deprication on this vehicle in 5 years is just not possible. | |
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Replying to: hpowders (May 19, 2008 2:14 pm)
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Replying to: dishwash42 (May 20, 2008 2:56 am) |
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