| lavoiest |
I have a deal for a 05 MDX Sage with Black 46k CPO with RES 23,042. with all fees. All the is left to do is go back and give it a test drive, final inspection then sign papers. Oh and 2.9 for 60 months.
Also, I have talked them to giving me the total "wrap around" bumper to bumper till 100k or 7 yrs for 1153. That is transferable.
First how is the Price and should I take the 100k bumper to bumper?? What kind of repairs have people needed.
Yes it is my first MDX but i have owned a Integra and currently a 02 TL Type S, that is getting traded in.
Thanks everyone! |
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| G. COLTON |
You tell us how you did. You are the only one who knows. None of the rest of us can see or drive your vehicle. Based upon many variables you have made a good deal or a very bad deal.
Do YOU feel like you got a good vehicle for the price? Do YOU feel that you bargined down to the lowest price possible? Did you research prices of similar vehicles in your area? Did you look at and compare different vehicles and buy the one that provided most of what you wanted?
Or did you just on impulse just buy the first vehicle that you saw tham seemed nice?
G |
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| Fanelle |
Well there goes his last post!
quote:
Originally posted by JeffK
Not very good.
Wholesale on this car is $17 to $18,000. see: http://www.kbb.com/KBB/UsedCars/Pri...QuizConditions=
Add in CPO, $1,000 and dealer profite, $1,000 and you come up with $20,000 max.
That is $3,000 less than what you are paying.
JeffK
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| midnightMDX |
| I dont think he actually bought it. This is just what is being offered to him. |
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| BillHeart |
With the miles, It's just an OK price. RES alone does not add an awful lot to the value of an MDX. Now, Navi sure does.
The trick with a CPO car is that there's just no way to gauge what a dealer owns it for. Case in point: Right now I have 2 White/Saddle Base tourings on the lot. Both are 05s, both are CPO, both are 39k mile Units.
One I can sell for about $500 less than the other. Why? Well, one of them took more in the service department to meet CPO standards than the other, If memory serves one needed 2 tires, the other came in with Goodyears with maybe 5-6k miles on them and at 80% we didn't replace them.
Both got new brakes, both got major services. If memory serves I spent $1300 on one and $800 on the other internally.
Now, both are "worth" the same, but I can sell one cheaper than the other.
Realisitcally you want to figure that a 45k mile MDX is probably off lease and in all certainty will need new tires, I sell, I dunno, about 10 CPO MDXs a month lately, and I hardly ever see them with miles in the mid 40s that don't need new rubber, unless they had new tires before the end of the lease. Michelins $900 a set installed my cost, Goodyears about $500 my cost last I checked.
Then they usually need brakes. Again, you have to remember that there's a big difference between what our service department will suggest a customer change and meeting Acura's CPO standards. So figure that 80-90% of the time I'm doing front and rear brakes. Also we have wiper blades (Acura CPO requirement), new floormats (Ditto), filters, fluids, etc... I average $1,500 per CPO MDX in recon expenses.
It costs me $580 to certify an MDX, cost.
So figure I buy an 05 with 45k for, I dunno, $17,500 plus fees at the auction, or about that as a lease return (Well, $18k for a RES Touring).
That's $18,000 plus $580 plus $1500 to Certify it.. $22k should be doable I would think. Realistically, we aren't looking to make $1k on these, the average at my store is about $2300, nationwide I am told it's closer to $3500.
All that assumes that this MDX didn't need any dings removed, scratches fixed, wear spots on the leather redyed, etc etc etc.
This assumes a sagebrush, some colors can cost me a lot more, some much less. I don't like to get into specifics until they let me sponsor the site, but I just sold a Black/Black CPO with Navi in just about showroom condition for about 4% more than the one you are looking at, and it had 9k less miles on it. That's close to a $2,500 value difference there. We also sold a Sagebrush Navi with aftermarket DVD and 38k miles for $500 more than you were quoted.
Boston's got a lot of Acura dealers, I suggest you shop around. But the market is not as dire on these as some would have you think... Now, We just traded for an 05 Expedition XLT with leather, roof, RES, Navi, you name it and 41k miles for $9500 and I am nervous about getting my money back out of it so some segments of the market are in the absolute toilet. |
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