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Find Acura Dealers in Hilton Head Island, South Carolina

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Hilton Head Island, South Carolina Acura Car Dealers

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Hilton Head Island, SC Acura Car Consumer Discussions

shatch1
by islandguy on Fri May 02 04:55:32 PDT 2003
shatch1, 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.
Cooked isn't always a Bad Thing!
by islandguy on Tue Apr 29 13:00:08 PDT 2003
freespec, 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.
alanek
by islandguy on Mon Apr 28 10:29:52 PDT 2003
alanek, 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!
One more time!
by islandguy on Sat Apr 26 16:44:29 PDT 2003
I just can't say enough about my 2001 MDX! Since purchasing it in Nov 2001, I have not had 1 problem! Let me repeat, not a single problem. 2 weeks ago I went to my local Acura dealer to purchase an extended warranty (49K current mileage), he said it would cost $1,695.00 for a 7 year 100k warranty, but then said he could put me in a 2003 MDX for ZERO money out and reduce my monthly payment! I thought this was just "Salesman" talk and said if he wanted to work up a firm deal, to call me back at the office. 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!

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