4th Gen Price
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Yes, slowly back to those good old days where most cars can be purchased below or way below MSRPs.
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Got my Type S Advance this week. Paid sticker.
The situation for MDXes is much more competitive now vs even a year ago, now with new Pilot, CX-90, Grand Highlander, etc all in the mix. More places for potential customers to go besides the MDX, so demand will be lower and I would guess that supply is also picking up, so a double whammy
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I recently paid MSRP for gray with black MDX-S, + $600 for dealer doc/process fee + $400 for typical car "desert protection package" that was mainly tint (including the pano-roof) plus a good car wash. I got back some of the grand in dealer trash on the accessories. Was able to get hitch + ATF cooler + trailer wire harness with HFA kick-sensor for $1000 total, normally a $2500-4000 upgrade. Also got the $10,000 trade value I wanted for my 2010 MDX-Tech.
Could have done better if I'd taken the same vehicle with red interior but DW was not having red. Overall feel good about the deal and very happy with the car after a few weeks. It was not the deal I got on my RLT Sport Hybrid a few years ago (~ 12,000 under MSRP) but I was satisfied with it. We had same offer turned down twice by other local dealerships in metro Phoenix, where these cars are still selling (mostly) before they arrive.
Could have done better if I'd taken the same vehicle with red interior but DW was not having red. Overall feel good about the deal and very happy with the car after a few weeks. It was not the deal I got on my RLT Sport Hybrid a few years ago (~ 12,000 under MSRP) but I was satisfied with it. We had same offer turned down twice by other local dealerships in metro Phoenix, where these cars are still selling (mostly) before they arrive.
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Me too.
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2023 liquid carbon/ebony type s advance for msrp. they "offered" a protection package which was already applied and included wheel locks and the all-weather mats. didn't pay, they gave em anyway.
I think you are referring to this time last year...
Right now it's pretty ok out there.
Inventory still low. Interest sky high, economy on verge of collapse.
No, I am talking about now.
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.
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EECU (vehicle must be registered in CA) is currently offering 4.49% APR for up to 72 month. If you are buying MDX in CA, please give them a shot.
Who buys car with 72 month financing? Maybe someone who can't afford it. With 5.74% financing and 72k purchasing price you pay like 13k just for interest.
Anyways my cars are paid cash or paid off in a year or two, even if it is 0.9 financing.
Probably I will buy Type S some time in future, but not planning to pay anything near MSRP. Sorry I am cheap.
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...
Wait so paying cash for a car is bad and everyone should finance as much as they can even when car loans are almost 6%? Maybe I'm missing your point. Do you have any fixed income investments/cash/money markets in your overall investment portfolio or 100% equities (VOO as you say)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...
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.
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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%
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.
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!
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