Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
New Acura MDX or Used Toyota Sequoia?
baseballmom97
Member Posts: 101
I'm trying to decide between buying my '04 Sequoia at lease end in one month for $24,200 or a new MDX?
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??
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??
Tagged:
0
This discussion has been closed.
Comments
We have new twins, and the 07 MDX seems about as safe as a car can get, this was a factor, along with the 'niceness' of the MDX, the DVD-Audio (which, I come to find out, has few titles and most are out of print - why they chose it over SACD I have no idea), and the other tech package options.
The Sequoia feels huge to me, I'm sure you're used to it by now, but the MDX is the most fun-to-drive & sporty SUV I have ever driven, and I drove them all. It would definitely be a step up in driving experience.
It's a bad economic decision to pay $1 more than you have to to get the functionality that you need. But one must splurge on occasions to keep life fun - only you can decide if this is where you want your splurge money to go.
Only passenger side second row seat folds down. If there is a need to use third row on regular basis I would not recommend MDX. I would look at Highlander or a Minivan.
However you cannot beat the drive of MDX. Great vehicle
I had an 05 MDX and had the torque converter replaced at 49000 miles under warranty. I just traded it on an 08 MDX and the new one in my opinion is much nicer.
Also, I believe that Acura recommends (not requires) premium in the MDX, but it will do OK with lesser grades (unless the motor pings or knocks- then you need to use a higher grade) - we used regular on the 05 and also on the 08 with no problems. You do get less horsepower with the lower grades, but 300 horsepower is more that we really need. The acura place that we bought our MDX from only puts in mid grade fuel.
Hope that helps,
Mark