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New Acura MDX or Used Toyota Sequoia?
The upside to the MDX is that we can keep it for at least 8 years and that it will hopefully get better gas mileage than the Sequoia. We would probably only keep the Sequoia for 3 more years. The downside to the MDX is that it is in the ballpark of $15,000 more than the used Sequoia. The other downside is that it requires premium gas -- this is surprising to me.
Also, we have a '99 Acura RL in great condition with 93K to trade in -- if we buy a new MDX, how likely is it that the dealer will give us a good trade-in price for the RL?
We can definitely afford the MDX but my husband absolutely hates to spend money on a depreciating asset and would rather invest the money. I think if you buy a new Acura, you can keep it problem-free for several years...
I know finances are a subjective and personal issue, but with the above scenario, what makes more financial sense??