Just bought a new MDX (07) for the wife
07-15-07, 03:56 PM
#19
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Also my trade in was not included that was sold for cash (at Carmax).
07-15-07, 05:55 PM
#20
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Did you typo incorrectly in regards to your monthly payment????? $1305?
07-16-07, 04:56 AM
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I could have put down $20K and had a payment of $483 x 60 months.
You can work the numbers anyway you like but this was the cheapest for me, however I did not look into leasing since we plan on keeping for 7+ years.
this is a 3 year loan. I can have it paid off in 36 months and drive it another 5 years without any payments.
Last edited by rai; 07-16-07 at 05:38 AM.
07-16-07, 07:02 AM
#25
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I just did a calculation where it would have cost me $2160 more in payments if I had done a 36 month at 5.9% instead of 2.9%
07-16-07, 07:24 AM
#26
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as I said it's a 36 month loan zero down. We could have put something down but the 2.9% rate is less than I can get for my cash savings (5%) so the end result is Honda is subsidising my loan, meaning they are losing money by only getting 2.9%, the lowest (normal non-discount loan) is about 5.34%
I could have put down $20K and had a payment of $483 x 60 months.
You can work the numbers anyway you like but this was the cheapest for me, however I did not look into leasing since we plan on keeping for 7+ years.
this is a 3 year loan. I can have it paid off in 36 months and drive it another 5 years without any payments.
I could have put down $20K and had a payment of $483 x 60 months.
You can work the numbers anyway you like but this was the cheapest for me, however I did not look into leasing since we plan on keeping for 7+ years.
this is a 3 year loan. I can have it paid off in 36 months and drive it another 5 years without any payments.
07-16-07, 12:20 PM
#27
Lexus Champion
as I said it's a 36 month loan zero down. We could have put something down but the 2.9% rate is less than I can get for my cash savings (5%) so the end result is Honda is subsidising my loan, meaning they are losing money by only getting 2.9%, the lowest (normal non-discount loan) is about 5.34%
I could have put down $20K and had a payment of $483 x 60 months.
You can work the numbers anyway you like but this was the cheapest for me, however I did not look into leasing since we plan on keeping for 7+ years.
this is a 3 year loan. I can have it paid off in 36 months and drive it another 5 years without any payments.
I could have put down $20K and had a payment of $483 x 60 months.
You can work the numbers anyway you like but this was the cheapest for me, however I did not look into leasing since we plan on keeping for 7+ years.
this is a 3 year loan. I can have it paid off in 36 months and drive it another 5 years without any payments.
Rai...didn't read properly as I thought you were "leasing" for 36 months....lol
Good job..
07-16-07, 03:14 PM
#28
Congrats on the new car.. My father drives a 06 MDX and its a great car.. We drove to Tennessee and back and it was like driving a car except your sitting higher LOL... 
A few days ago he told me he almost pulled the plug on the new Model.. I've seen the brochure on the new MDX and for what you get for the money its a great vehicle.. I hope he changes his minds and decides to pick it up.. GL..
My father drives a 06 MDX and its a great car.. We drove to Tennessee and back and it was like driving a car except your sitting higher LOL... A few days ago he told me he almost pulled the plug on the new Model.. I've seen the brochure on the new MDX and for what you get for the money its a great vehicle.. I hope he changes his minds and decides to pick it up.. GL..
07-16-07, 05:45 PM
#29
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I just looked my first payment is on 8-25 and I bought the car on 7-12 so it's 42 days for the first payment not sure maybe thats why it's different than calculated.
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