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Prices Paid: Buying & Leasing Experiences Prices Paid & Leasing Experiences Archive Acura RSX Prices Paid and Buying Experience 
306 messages, Last post on Sep 10, 2007 at 1:35 PM
You are in the Prices Paid & Leasing Experiences Archive Forum. Your Hosts are car_man & kyfdx
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no lease expert or anything, but I would say that with the prices these cars are going for now, you could go in with $1000 or so and BUY the car for this payment on a 5-year loan, have probably $3-4K in equity in it when you sell it at three years, and have the advantages of owning it in the meantime to boot. This way you will have zero equity in it after three years, because it is unlikely (to say the least) that it will be worth more than $14,6 after three years. So, $3K in your pocket in 2008, or signing up for a new lease and $0 in your pocket? Yes, the lease is a little cheaper to get into than the purchase would be. And either way you are not getting ripped off.
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Replying to: nippononly (Nov 27, 2005 9:03 pm) |
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| bougth a 2006 rsx type s about a month ago at mike harveys acura in burlingame near south san francisco. paid 27,500 after taxes. this was before i found this site. the sales person was a female but could not remember her name. i now realized that she lied to me in order to make the sale. i told her that this was my first time purchasing a vehicle and she used my naiveness to take advantage. she said that i was only paying 500 over invoice, but now that i think about it, i think i problably paid more than 2500 over invoice. she also tricked me into buying acura's extended warranty for 2500 dollars. she said it only cost 2000, but after i went home and looked through the paper work, i was actually charged 2500 for the warranty. she also told me that insurance for this vehicle is very cheap for this vehicle,she said that it would only cost 150 dollars a month for full coverage. i am now paying 500 dollars a month. i have a clean driving record with over four years of experience. it seems like this dealership is very manipulative and will even lie to you in order to make a sale. if you are thinking of buying a car in the bay area, i highly advise that you do not buy any of your vehicles from mike harvey acura in burlingame because of their manipulative sales people. | |
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Replying to: dridmang (Nov 30, 2005 12:44 am)  You aren't really paying $500/month (= $6000 per year) for insurance, are you? And it sounds like if $2500 of that $27500 was the warranty you bought (which you are correct about - that was a rip-off), then at least you bought the car below sticker, maybe as much as $1500 below sticker, so at least you didn't get ripped off there. You could have got them lower, but not a whole ton (I am sure they would have sold at invoice if you had stuck to your guns). |
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Replying to: dridmang (Nov 30, 2005 12:44 am) |
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| well i did some insurance shopping and the lowest rate i got is 320 a month with allstate. the acura care extended warranty was $2000, but they also charged me an extra $595 for an aquisition fee. not too sure what that is. both of the fees were under "optional service contracts" on the receipt. i guess i did jumped the gun a little bit with this car purchase. my excitement for the type s got the best of me. maybe i should have gotten the base model. but i have to admit that the type s is one sweet car. | |
actually i am only paying 280 per month for insurance with allstate. the reason it was 500 a month was because farmers insurance charges a really high premium for some reason. the only thing i really hated about my buying experience were the dishonest sales people at the dealership. i guess i should have expected that some people can get really desperate enough to lie in order to make a sale.
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in this day and age that should be your presumption when you walk through the door: that they will lie through their teeth to make a sale at the most advantage to them. And of course, there are some salespeople out there who are honest, ethical, upstanding citizens, and I have no wish to offend them, but the group viewed as a whole is a bunch of sharks. As for insurance, I was paying $1285 per year for my RSX and thought it was unacceptably high. $3360 per year would have been out of the question. Still, you got a great car at a decent price, with a long warranty, so forget the financial stuff and enjoy it to the max! 
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WOW Dridmang, I too just had an unfortunate experience at Mike Harveys Acura. This happened within the last week. I purchased an RSX Type S, the sale and everything went really well. A couple of days later, the sales lady calls me and tell me that my lease did not get approved so I had to return the vehicle to the dealership. The sales lady told me that I would get my down payment back so I wasn't very worried. I was a little disapointed but not too surprise given that my credit is fairly new. My other option was to finance the vehicle, but I just needed another month to save up some money, and I would have came back to purchase the vehicle. Two days after I returned the vehicle, the sales lady calls me up and tells me that we have a problem. I drive down to the dealership and they tell me that the vehicle could not be rolled back and that my only choice were to keep the vehicle or get the base model. I told her that I needed another month to save up for the down payment, but the sales lady told me that I had no choice, "either I purchase a vehicle NOW or I take back that Type S"  . I kind of figured what she was trying to do becuase it was very close to the end of the month. So I didn't believe her. They also sold the vehicle that I returned at the same time the saleslady was telling me that I had no choice but to keep the vehicle or take another one. (not cool  ) Suffice it to say, I will still get an RSX, but not from Mike Harvey Acura. 
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I leased an RSX 5M w/ leather  Vandergriff Acura (Van Tuyl). They use the 4 square sales method - trying to negotiate on pmts - but I stayed on vehicle price (forcibly)  . Basically the agreed upon price somehow changed on the contract - I caught the "error" and the F&I mgr took over to fix  it. Essentially the pmt went from $386 to $266 when done right. Totally loaded up the back-end! So here is the deal not a great deal but the market is tight here so I feel pretty good about it. Gross Cap - $23529.25 Adj cap after trade and dwn pmt $20471.26 Rent charge 1049.9 Residual $11928.60 Term 36 mos 15k mi. Pmt $266 |
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