22 Type S Advance, MSRP with good trade in value. Tried to knock me 2k under on trade and add a markup but I talked them out of it.
I dont think there are many people running out to buy a $80k car all-in at the outset of a recession. I only did it because I needed a bigger car and was stepping down from the $100k price point for hauling kids under 5.Sounds like the Type S isn't selling as well as Acura hoped....there are other posts about how inventory is sitting on the lots etc and now they are selling below MSRP
Credit union at 3.24 for up to 65mo.The pricing sheet I saw showed a 4.64% rate for 36, 48, or 60 months
He forgot to mention that he financed with Honda for 6% interest is my guess.Really? I can't believe that any dealer is selling cars for $1500 over invoice in today's market, given they can sell all they can get at MSRP or more. Okay, maybe if they're selling to a close relative, but otherwise, nah. (Invoice price on the Type S is roughly $4000 less than MSRP.)
It is, it was the cheapest option in consideration. Scurry off to the pilot forums poor.Still a "budget vehicle" to you though 🤙
I think you are referring to this time last year...this is one of the worst time in history to buy a new car.
It changes like every week, 3.6% today who knows where next week, probably more. Fact of the matter is, my savings account growth is significantly outpacing the interest rate on my MDX loan @ 2.875% while your MDX that ate $65k out of your bank account just continues to lose value every day.Sorry, but calling me dumb for paying cash for my MDX is what's dumb....I paid cash because I hate having debt. Your "objective loss off $13,000" is meaningless in the scheme of things, its not enough to make a rats ass difference in my life....and further, it is not accurate as it fails to consider the earnings on the accumulation of payments I am not making but rather increasing my net worth with. And lastly, 3.4% is not such a great rate today....my savings account at Merrill Lynch is currently paying 4.24%
Look man, its clear that you've never had any formal financial education. If you want to say "I know its worse, and gosh darn it I love it!" thats fine.You missed my point entirely....whatever the number is... whether its $2,000 or $15,000 it does not matter. Its not enough to make a difference to me, so therefore, yes, its worth it to me to spend the money to not have any debt.
And, in any event, your calculation fails to consider the interest I am earning on the funds that are accumulating from the "payments" that I am not making....or said another way, while you are paying off the bank each month, I am making a deposit of an equal amount to my high yield savings account which is building each month by both interest and princ.
Again no representation of the present value of money and opportunity cost.snip