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Comments
Jody
Thanks for the input
Could you let me know about what dealers in Ohio
you got good deals from
-ram
Good Luck to you and have fun shopping!
Lidia
L79D@aol.com
Roof Rack
Sunroof Wind Deflector
Running Boards
Rear Spoiler
I tried hondacuraworld.com and this link does not seem to work. Anyone have invoice prices on these?
my e-mail is: av1223@hotmail.com. Thank you!
http://webp5.t3link.com/hondacuraworld.com/Merchant2/merchant.mvc- - ?Screen=CTGY&Category_Code=AMDX
Hondaacuraworld prices are.......
Base Carrier (Roof Rack) $134.60
Moonroof Visor (Sunroof Wind Deflector) $46.80
Rear Tailgate Deflector (Rear Spoiler) $297.70
Running Boards $445.00
Have you also tried the http://www.acura.com website? Once there, go to MDX... *BUILD & PRICE*... once you select a trim level, you can pull up ALL *Interior* and *Exterior* accessories to see a description, picture and MSRP prices. You will get a good idea of dealer prices.
Good Luck!
Lidia
Well, he did, and I am picking up my 2003 MDX next week. NO money out! Now the details:
2001 MDX Touring - $38,500 purchase price
5 year loan ($598/month @ 7.3%)
2003 MDX Touring & Nav - $41,000 purchase price
5 year loan ($578/month @ 4.0%)
I tell this story because there seems to be a topic that is never discussed in these forums, "RESALE VALUE"! I had no intention of considering a NEW MDX when I went to extend my warranty. But I am now getting a NEW Warranty, NEW Tires, etc and I don't have to spend a cent. Oh, and I guess I am upgrading to a 2003 and adding Nav for $20 less a month.
This is a Great Country and the MDX is a GREAT vehicle!
Enjoy your 2003 and enjoy your navigation system! Even though I'm great with directions... I love it!
Lidia
Did you trade in your 2001 MDX? If you did what was the amount they gave you. If you didn't, how much is it worth and how much do you owe the bank.
I'm trying to figure out if a 5yr loan is equivalent to a 3yr lease.
I cant say enough about how much you saved us, not to mention my wife really likes the SBP better than the Silver we had on order here in Chicago.
I am trading up! For me, leasing is out of the question because I average about 23k miles/year. My wife leases a BMW Z3 with a 12k mile/year allowance, perfect for her!
Regarding the deal I received:
In all my years of purchasing new vehicles, I have never encountered a situation where I did not have to put money into the deal, either with CASH or by extending a loan amount/term/higher monthly payment. None of these occurred with this deal.
In MOST financed new vehicle purchases, depreciation far exceeds the amount that the loan has been reduced. Especially in the early years of the loan. Unfortunately, after 2/3 years, many people find themselves owing more than their vehicle is worth.
With 49k miles on my 2.5 year old MDX the facts are the following:
Loan balance reduction ---- $14,000
Vehicle Depreciation -------- $11,500
Original Cost ------ $38,500
Trade-in Value ---- $27,000
It certainly appears that Acura's effort to manage the supply/demand of the MDX is working (Whether intentional or not). New MSRP's are fairly stable and RESALE/TRADE-IN Values remain High!
thanks,
fo
). 7.3% was then going financing rate and if you refinance it through a bank or credit union now or even take out a home equity loan, you will get a much lower rate reducing your monthly payment.
2). 4% is just the going rate today, maybe a little better than bank's rate but certainly worse than a home equity line rate.
In the end, you were just sold by the same old "sales talks". Yes you got a new car but your payment will extend for another 1 and 1/2 years (equivalent to $10,080, a %26 reduction from the original value, considered extremely high for a car like MDX) and you may never be off payment treadmill. Well if that is what you want so be it. But it is never a financial windfall to you as you thought otherwise. The simple fact is that you were just sold UNNESSARILY a new car and dealer just made a fat profit on you. Think about it, MDX is such a fantastic car that it will probably run well for ever! By your own words, it had never failed on you in your ownership of the car. So why in the world do you need a new after just 1 and half years?
By the way, what is the real difference of a 2001 MDX and 2003 MDX? A 20 horsepower increase? What cars does it beat by 20 more? None.
Dealers ALWAYS make money. What you hope for is a FAIR deal that is a Win-Win for both parties.
Just some interesting facts:
2.5 year old 2001 MDX Touring (Original MSRP $38,500) has 49k miles. Extended Warranty would cost $1,700 and I will soon need tires all around. There is something to be said for cost avoidance.
New 2003 MDX Touring w Nav (MSRP $40,500) - New Warranty, Tires, Brakes Etc. The Nav should be a Fun Thing. Could this MDX be worth more in 2.5 years than my current MDX? We shall see.
Purchasing a NEW vehicle can hardly ever be considered NECESSARY. It's just one of those rare luxuries we allow ourselves. Oh, last time I checked, my home equity rate was tied to PRIME. Just a thought.
What kind of deals on accessories are people getting?
Lidia
Good luck to you!
Lidia
Look at it from the dealer's view: your $478 monthly payment on the new car means the principal is about $31,400 (at 4% for 5 years), so the dealer gave you $9,600 off the new car price in lieu of a cash down payment. Then the dealer pays off your remaining loan balance of $16,400 (rounded numbers), so for a total investment of 9600+16400 = $26,000 the dealer now owns the 2001 vehicle. Islandguy claims the trade-in value of that car was $27,000; if so, the dealer made an easy $1000 just on the financial dealings.
Islandguy, maybe it was worth $1000 to you to walk out with an easy transaction, or maybe your car's trade-in value wasn't really as high as $27,000. Just don't think the dealer was doing you favors.
By the way, I am not trying to sound superior. I know how disconcerting a car transaction can be when the dealer throws a bunch of numbers at you. Especially so when sales price, trade-in value, and financing are mixed together.
I do hope that both of you will be around this board in a couple of years when I will be looking for help in calculating my 2003 MDX trade-in value... hopefully, you will be able to show me all the pros and cons of the deal
Lidia
You are definitely good with the #'s! So let me plug in the actual figures:
Loan Pay Off - $17,340
Total Cost (Tax, Tags, etc.) - $41,450
Now your formula:
$41,450 - $31,400 = $10,050
$10,050 + $17,340 = $27,390
$27,000 - $27,390 = -$390
I will certainly use your calculator in the future. As Lidia noted, I considered my mileage (49k) to be a real negative. It is by the way, 30 months old.
(BTW, I meant to type $578 instead of $478 in my previous post)
If anybody interested I can give dealership name.
They even delivered it to Columbus,OH .
Also, I live in Chicago. I have no problem finding Pilot for 2K under MSRP, but the best I see for MDX is 500 off. Why? With the crappy economy I thought it should be the other way around. I think I should buy a Pilot locally, but the MDX is nicer, especially the NAV system. The Pilot's NAV is too first gen. I hope honda will upgrade it when 2004 arrive.
I might do that since Dallas is only about a 4hr drive from OKC. I guess if I were to drive it home, I would take a break every 20 minutes just so that I don't over work a brand new engine that has had time to be "broken in" yet.
1.. For the first 750 miles, keep it under 4,000 RPM.
2.. Do not use BP gasoline in the MDX.
Lidia
How fast would you have to drive to be over 4000RPM? Even at 70mph, it's still under 3000RPM, right?
>What's BP gasoline?
I believe that is BP Amoco
Wow! 4k off Pilot that is a great deal, but I do see 4K off highlander in some dealerships. I think it is easier for Toyota to give discount on their vehicle, because Toyota offer countless of pricey options. I am looking for a 7-8 seated SUV or mini-van(my last option), so highlander is not even on my list, plus I never like the way toyota car steering feel, they are too lose and feel like floating on the road, except my current IS300 which handle like a dream, but it is a Lexus after all.
I got it for $41000 with running boards.
Cost of running boards is around $525.
So tecnically my price of MDX is $40475.
Which is $2025 under MSRP.
I tried with many dealers and this is the best I could get.
There are extremely minoor differences between any quality gasoline sold at retail. Even with a chromatagraph it would be hard to tell one from another.
Dealers LOVE LOVE LOVE to make up stories...