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Prices Paid: Buying & Leasing Experiences Acura MDX Prices Paid and Buying Experience
9158 messages, Last post on Nov 29, 2009 at 5:02 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| 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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Replying to: josephd05 (May 19, 2008 5:42 pm)
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Replying to: ingvar (May 20, 2008 5:35 am) Try maintaining a German car for 7-10 years and feel the pinch in your wallet and you'll realize why many long time German car owners are returning to Japan for their next car purchase. |
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Replying to: jmpage2 (May 20, 2008 6:07 am)
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Replying to: kyfdx (May 20, 2008 7:22 am) |
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Replying to: kyfdx (May 20, 2008 7:22 am) I have owned two Audis that I paid for outright and the service with both has been marginal at best. I don't know that BMW is any better. My current 2004 Audi A4 only has 23K miles on the clock and suffered a coil pack failure 5 weeks out of warranty which both Audi and the dealer refused to cover. The failure melted part of the ignition system and left me stranded with a four mile walk to my home. Apparently the coil packs on older 1.8T A4s are prone to premature failure and yet Audi has done no recall, etc, on them even though they have issued a new version of the part. In any event, I still feel that in the current economy and with gas prices shooting steadily higher it is a much smarter move to lease vs. buy pretty much anything that gets an average of less than 20mpg. While some of us could afford to spend $100 or more per week fueling the MDX in the event of $5-$6 premium gas that is far more than the average family can afford, many of whom are MDX owners themselves!! Instead of seeing a 3 year residual value on the MDX of 55-60% it could turn out to have residual as bad as 40% or WORSE. I'm not willing to take that risk so I pay a bit more to lease the car and see what the situation is in three years. If fuel prices are in check and the car has been reliable we might opt to write a check and drive it for another 5-7 years. If gas prices continue to climb into the stratosphere we will be looking for something more fuel efficient. Just because I can afford to fuel up a gas guzzler doesn't mean I enjoy doing it.
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Replying to: jmpage2 (May 20, 2008 2:47 pm) Getting back to the MDX, I think you make a good point about leasing, or at least seriously considering leasing after you run the numbers and make a projection on depreciation. I've never leased before but will do this with my next vehicle. |
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