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.
4th Gen Price
2022 MDX is on sales starts 2/2/2022. Let's get a poll of sale price.
If you purchase/order one, please included trim and dealer location.
If it is over MSRP, was it unwanted accessories included on the MDX?
If you purchase/order one, please included trim and dealer location.
If it is over MSRP, was it unwanted accessories included on the MDX?
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The dealer tried to charge me a 5k markup, I said no. They charged me msrp.
Although, your leverage highly depends on your ability to get another car. Not always possible these days.
Although, your leverage highly depends on your ability to get another car. Not always possible these days.
To be fair, invoice pricing is not attainable these days due to low volume. Screaming deal at 3750 under msrp tho, hope the car doesn't have a poltergeist or something!
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
Up 0.5% from 3 weeks ago when I locked in. Probably gonna go up more, but auto rates will stay relatively low compared to others for a bit.
Destination increased by $100 as well
2 "free oil changes" for your extra $750-$1200
No free oil changes for me on my car, acura doesnt even have a national prepaid maintenance plan like other manufacturers.
2 "free oil changes" for your extra $750-$1200
No free oil changes for me on my car, acura doesnt even have a national prepaid maintenance plan like other manufacturers.
On Audi, you can get "Audi Care". Audi care works at every Audi dealer nationwide for your prepaid service through the selected interval. it's ususally a fantastic deal to get it, and I always have since the value of the services provided usually far exceeds the cost of the plan. Also if you are leasing on audi and you get the prepaid maintenance it increases your residual by 1 point, effectively making it a wash price wise.
On the 22 MDX Type S when I purchased, I was told that I could only get a dealer specific prepaid plan. And since I was buying about an hour from home, I wasn't going to be going there for service.
On the 22 MDX Type S when I purchased, I was told that I could only get a dealer specific prepaid plan. And since I was buying about an hour from home, I wasn't going to be going there for service.
White on ebony is a killer combo. All the white cars (like 8 total across many dealers) near me had the gross red interior.
The red isn't bad, just way overdone imo.
The red isn't bad, just way overdone imo.
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.)
Just out here trying to brag about his price. The only cars being sold under msrp these days are really bad cars like buick.
While demand should fall on the state of the economy, interst rates for auto loans are not very high... it's been absolutely nutty that you could finance a car for 2% in recent years. My credit union is still at sub 4% (3.75-3.99) and allowing you to borrow up to 130% of vehicle value (cheapest cash loan in the world these days if you need it)
To say the 70-75k type s is too expensive for what it is just an ignorant statement. You have to be totally blind to the luxury 3 row segment to think that. It's a bargain "pound for pound"
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.
Right now it's pretty ok out there.
My credit union is showing 5.74% up to 72mo, while that's not the historic lows we had for the past 5ish years, its not sky high.
Just means that you need to put a little more down to ensure you are above water and pay a little extra each month to keep the interest amounts down. If you are finding that a 3% interest rate hike is hurting your purchasing power then you are probably spending too much on the car.
Just means that you need to put a little more down to ensure you are above water and pay a little extra each month to keep the interest amounts down. If you are finding that a 3% interest rate hike is hurting your purchasing power then you are probably spending too much on the car.
Another hot shot who thinks dumping cash into a car is a good idea. Hilarious.
If I have $80k 5 years ago and got a 72 month loan drop 30 into down payment and taxes, and I put 50k of that in voo, then I have $20k gains if I paid the loan out of the brokerage account. Even tho you pay interest you make more.
When inflation is 7% (min) the bank is literally LOSING money giving you the loan, at least while the inflation continues to occur.
I didn't say anyone should get 72mo to afford the payments, I said that's how far out they are extending their lowest rate. Everyone should get the longest term on the loan they allow with the lowest rate. Because there is no maximum payment on a loan.
Anyway now that I walked you through finance/econ 101, please tell me more about how you have so much cash...
If I have $80k 5 years ago and got a 72 month loan drop 30 into down payment and taxes, and I put 50k of that in voo, then I have $20k gains if I paid the loan out of the brokerage account. Even tho you pay interest you make more.
When inflation is 7% (min) the bank is literally LOSING money giving you the loan, at least while the inflation continues to occur.
I didn't say anyone should get 72mo to afford the payments, I said that's how far out they are extending their lowest rate. Everyone should get the longest term on the loan they allow with the lowest rate. Because there is no maximum payment on a loan.
Anyway now that I walked you through finance/econ 101, please tell me more about how you have so much cash...
My investments are in a wide variety of things, I was just making an illustrative point that paying cash is dumb, using real historic data.
Now that I reviewed it, mr cash assumed you buy 72 Mos 0 down for the $13k interest figure. That's only 7 grand in interest in my example.
So if you pay cash then you are losing not only the opportunity cost of tying it up but moving the money from an appreciating asset to a depreciating one results in an objective loss of $13,000!
Even a high yield savings account does better at 3.4%, yielding $9000 in the same time.
Now that I reviewed it, mr cash assumed you buy 72 Mos 0 down for the $13k interest figure. That's only 7 grand in interest in my example.
So if you pay cash then you are losing not only the opportunity cost of tying it up but moving the money from an appreciating asset to a depreciating one results in an objective loss of $13,000!
Even a high yield savings account does better at 3.4%, yielding $9000 in the same time.
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%
Its funny that you would argue with math and facts because it "feels" better not to have debt. Keep burning your dollar bills for heat as they say... at least thats what I've been hearing!
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.
The NPV of a series of deposits over 5 years is less than the sum of those deposits. In this case, if you pay $1000 a month into an account over 5 years, that $60k is only worth the same as $47k invested today (8% rate in example, 51k at 6%).
The value of the same sum of deposits sitting in an interest earning asset will be far higher after 5 years.
There is no viable argument that you should avoid incurring reasonably low interest debt on a depreciating asset, and in recent years it has been even more foolish to do so. Only now is just starting to break even.
I know your type, you listen to that fucking grifter Dave Ramsey who's advice is for poor people, but you think it applies to you. In reality youre just getting hosed by not taking advantage of low interest secured debt.
Your lack of substantive counter argument is quite telling. Your only retort is that I am being pompous for making factual statements.
Maybe I will make a simpler statement.
(Under todays conditions and the past 5 years) Using a loan to buy a car = you get more money
Paying cash = you get less money
Do you want more money or less money?
Maybe I will make a simpler statement.
(Under todays conditions and the past 5 years) Using a loan to buy a car = you get more money
Paying cash = you get less money
Do you want more money or less money?
Again no representation of the present value of money and opportunity cost.snip
.
Read it, it will make sense.
It makes sense on almost any loan at any relatively low fixed interest rate over a long term. You just square the amount you are borrowing with the respective interest rates and other economic factors. Nobody who can get a loan at a low rate should avoid doing so, especially with a secured asset like a car. If you have insurance there is literally no risk that you cant pay the loan off.
Unsecured debt is insanely bad financially and most of why "debt" gets a response like you see above. Debt isnt debt if you can easily and quickly discharge it for a minimal loss. I could literally have carvana com pick up my car tomorrow for $61k on a $50k balance. So what is the down side? Make a big enough down payment, and pay the nominal fee to keep your cash in your accounts earning returns. If inflation is higher than interst rates then its even more advantageous.
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