Last post on Dec 12, 2013 at 7:03 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Acura MDX, Car Buying, SUV
#9195 of 13291 MDX -2009 and 2010
Dec 05, 2009 (8:14 pm)
The MDX 2010 is in the showroom in Canada and dealers there are taking orders now.
I asked a few dealers in VA and was told they will arrive in a week or so.
Given the 2010 model is arriving, is it easier to get a good deal on 2009?
If not, is it better off to wait for 2010 model?
Anybody knows what kind of incentive we can expect for 2010.
2010 BASE model has some new added features such as 6 speed and power tailgate and rear view camera:
#9196 of 13291 Re: MDX -2009 and 2010 [parism]
Dec 06, 2009 (10:25 am)
I see that the 2010 Acura MDX Tech package had a price reduction in Canada..... Any chance there will be a price reduction in the US as well? Anyone know anything more on pricing for the 2010 MDX in US?
#9197 of 13291 My deal on 2009 MDX Tech in SF/Bay Area
Dec 07, 2009 (11:33 am)
Purchase Date: 12/6/2009
Model: 2009 MDX Tech Silver/Ebony (1 mile on the odometer)
Price Paid: $39544 + TTL
Method: Financed 60 months at 2.9%
Just purchased a 2009 MDX Tech Silver/Ebony last night for $39544 + TTL.
Inventories are low!
First went to a small volume dealership the day before. They are down to one new 2009 MDX on the entire lot, a blk/blk tech. Was told that their very last 4 2009s are coming in later this month and one is already spoken for. Salesman was nice and upfront with pricing. He came right out with $41500 for a color combo that he would have to go trade for. I countered with $38500. He took it up with the manager but was unable to even get a counteroffer. Manager was pretty firm on $41500 so we walked.
Yesterday I stopped by the dealer closest to my house. Their inventory was a little better, with a total of 6-7 '09s on the lot. All were either tech or tech/ent. No base or sport. We found a color combo that was acceptable to us. It was freshly off the truck, still wrapped in plastic and with 1 mile on the odometer.
Negotiation took a while. At one point they would not budge on $39588 and we were stuck on it for about 40 minutes. Finally, after I actually walked out of the door, we settle on $39544, an odd figure, in the parking lot. Given their stubborn stance over the final $88 gap, I figure the negotiated number is probably good enough in light of the loss of the $1500 rebate this month. I probably could have pushed closer to $39K, but supporting a local business and helping a salesman make ends meet was worth more than the hassle. Besides, we really wanted a 2009 because of wife's distaste for the look of 2010 and my fear of the new 6-transmission bugs. In addition to no confirmed delivery date, the 2010 would also cost $5-6K more in the initial purchase price and over the course of the loan (2.9% v. 5+%). The decision was easy for us.
For those still looking to jump on an '09, don't wait. If you still want to have some choices in terms of color combination, better start paying your local dealers a visit. Good luck and happy motoring.
#9198 of 13291 My deal on 2009 MDX Tech in SF/Bay Area [ucbsupafly]
Dec 07, 2009 (11:43 am)
could you share which dealer did you get it from? I am in bay area too, I am looking for a white tech. I emailed via edmunds quick quote link and got same impression that invetory is really low.
Dec 07, 2009 (12:25 pm)
Don't lose sight of the fact there are many ways the sales person can profit from the vehicle sale outside of the actual car sale price...if you want to help them, then:
1. Consent to let them run your credit (even if you already have financing arranged) - some salespeople get a spiff for this
2. Entertain their financing offers if they can beat yours (they will make more on this than on your car purchase, even if you don't negotiate hard)
3. Have your vehicle serviced at the dealer
4. When you get post-sales surveys, give your dealership the highest rankings (unless they really screw you around)
5. Haggle the car price lower but purchase some accessories. Again, much better margins for the dealership here.
6. Tell your salesperson you'll leave them a gratuity if they can get the price you want. If Starbucks cashiers can ask for gratuities, so can car salespeople.
All dealerships are struggling, be it Acura or BMW. The above are easy ways to alleviate guilt while still pushing for better prices. I don't understand the logic for not being aggressive in negotiating on price. An Acura dealership selling 100 cars/month is not going to let a deal by over $1k when they know they will earn it back in other ways (loans, accessories, service).
#9200 of 13291 Re: Payment by Credit Card [hifiver25]
Dec 07, 2009 (5:23 pm)
I am a finance manager with an Acura Dealer. Let me start off with the fact that Amex like all credit card companies charge the a transaction fee. It's very costly for a dealer to accept a charge. Not to mention it's illegal. Guess you never thought about that. Our showroom does not accept credit cards for finance transactions. It's called Credit On Credit. 4.85% You're complaining about that figure. With an exception to special finance rates through a manufacturer most showrooms can't touch that rate. You should consider yourself very lucky to get such a great. To all out there the industry is not as bad as the media has made it out to be. Maybe you should get off you butts stop watching TV and Bloging and join the Human Race.
#9201 of 13291 Re: keep pushing [tastycakes55]
Dec 07, 2009 (7:01 pm)
Ok More reality.. Where you people get your information is beyond me. I'd like to address each one of your replies.
1) Running credit. Why on earth would you tell someone to lower the credit score?
Every time it's run it dings your score. I’ve worked all across this country and never seen a spiff for getting a finance application.
2) Finance Offers. On Special APR like the ones Acura offers we make NO MONEY.
3) Of course service your car your dealer they're the ones with specially trained techs.
4) Surveys. Answer them honestly we want to know the best way to service our clients
5)The margins on the accessories are extremely low due to competition. Example
Running boards on a MDX earn us around $60.00 Some profit margin.
6)This is the best one. Offering a salesperson a gratuity is called conflict of interest and he or she would be terminated immediately.
Guess What I will let you walk over a $1000.00 The industry is changing. Do you know why Ford posted a profit third quarter? Cause the lowered there incentives monies. Your gonna see that happen through out every car maker and with lower production guess what prices will get higher due to the simple fact is we will have to earn more per unit to stay afloat. I really wish everyone out there would get off our backs and let us earn a living. You pay more percentage markup and advertising on a pair of NIKE shoes. Where’s the blog about that?
Seems everyone is and expert in the Auto Industry. Guess what? Your not. Your too busy hiding behind a PC and you think when someone blogs about something it's real.
#9202 of 13291 Re: Payment by Credit Card [acurasales3]
Dec 07, 2009 (7:34 pm)
Why is it Illegal to pay part of the car's price with a credit card?
Also, you completely lost me with your "credit on credit" comment. What does that mean? You realize that the credit card and car loan are being used to pay different parts of the car's price, right?
Finally, the 4.85% was extended by Chase. If you follow the banter on this blog, several people mentioned thay got a car loan with an interest anywhere between 0 and 2.9%.
#9203 of 13291 Re: keep pushing [acurasales3]
Dec 07, 2009 (9:13 pm)
and you call your self "Linance Manager",we are behind our PC blogging and sharing info so that we can be spared of your ultimate BS when dealing with industry wide linance manager crooks...you are letting your customer walking over 1000$ or whatever xyz amount but I'm sure that your dealership wont be around if current market situation stays like this for little more time(2-4 months)....Everybody understand supply chain situation and sure it probably affect sale prices in coming month but DONOT come preach and protray yourself here as car dealers are making honest money...what about hidden manufacture-dealer hold offs, so called doc fee rip offs and other misc made up fees which alot of time ordinary consumer dont understand and ended up paying those, everybody is entitled to make profit but there's a limit to that.
#9204 of 13291 Re: Payment by Credit Card [hifiver25]
Dec 08, 2009 (7:50 am)
When you are approved for a loan you are approved based on a your current debt to income ratio. If you add more debt via credit card it changes that ratio and it alters your credit score. I've seen it happen and the client score dropped and put him into a different credit tier. You're using credit to obtain credit. Hence the term Credit on Credit which is against federal banking regulations.
The 2.9% is a new car rate. You purchased a certified MDX which there is a special rate which is 4.9% and the dealership got you 4.85% which is an amazing rate. Be proud of where you are. Also remember this is not a mortgage the difference in between 2.9% and 4.85% might save $12 a month. If $12 a month is gonna break anyone shopping an MDX they shouldn't be shopping for this caliber of car.
FYI there is no 0% offered by Acura. This is why I stated earlier that blogs are useless. There no responsibility on what someone post.