HondaGuy347

...So when are RDXs going to get cheaper?? I heard stories about people buying '09s for around $30k; now many dealers want $32k or so for an '09 base with 5-10k miles on them. Do you think that as gas goes up this summer, there will be some bargains to be had on new/newish RDXs?

wrestrepo

In one word, NO...

black label

Gas prices going up will diminish resale and trade value first. If this happens, then you could see a market adjustment in what the vehicles are selling for.

wrestrepo

I know how the market works...I just don't see it happening.

vash337

buy an 07 or 08 with <30k miles

HondaGuy347

Why not? Last year, gas was expensive, and people got big discounts. What's different this year?

HondaGuy347

A possibility, but I plan on keeping it for a while, so newer=better. Plus I want all the toys.

wrestrepo

With such low volume sales, the non-existent fuel economy of a 4 cylinder engine, and a segment crowded with options (seemingly better), the RDX has not become that type of bargain car. That's just my opinion.....However, I have to say that with all the other companies having such great deals, there is a small possibility that Acura will jump on that boat and start doing the same.
I would recommend that you do a search for USED RDX and MDX cars and see how they have hold up their value overtime. Seems incredible to me that a same vintage and equipment Volvo XC90 sells for 5-6K less than an MDX, when new the Volvo was the pricier option.

HondaGuy347

I'm not looking for $10k off, I just wondered if the deals from last spring/summer (when it was not uncommon to get a new RDX for around $31k) would be coming back. And I've been following the market for about 6 months, plus I owned a TSX before my S2000; I know the used market for these is pretty strong.

95gt

Deals last spring were not due to the gas but due to the economy and the nice government incentives.

Correlation does not equal causation.

HondaGuy347

Fair 'nuff. You could see how I'd be confused though, considering it's a <20mpg city small SUV and gas was $4+/gallon. I guess I'll stop hoping for higher gas prices to drive SUV sales down.

MMike1981

im truly amazed at the asking prices for used RDX's...maybe due to such aggressive cheap leases? they gotta recoup the cost somewhere i dunno...but if i was in the market for this type of vehicle, a used RDX seems really expensive for what you get @ its price point used
-id consider an MDX or a german alternative, altho in 100 mile search for used ones - the 2007's seems more reasonable clocking in around 24, 25 with 30k miles...still sort of high tho, id buy a used RL or something else with more features and luxury

HondaGuy347

I know it! I have seen many '08-09 RDXs on Autotrader with less than 20k miles for $30k or more. At that price, it makes more sense to just nut up and buy new.

But there really aren't many alternatives for SUVs; you either have to go much bigger (and for a luxury brand that means more $$$) or stay the same size and take a hit on power (CR-V, etc) or buy a RAV-4, which I see 1000/wk and I think is kinda a girl's car. Or you go German, and I've already got one German in the family (wife's '08 Jetta) and working on that car makes me not want to buy another German vehicle. Besides, the logical competition is the X3, and I think that's basically a Coach purse on wheels.

95gt

If it hopped over 4 bucks again I would think you might have a shot at that. But I don't think we will see a spike like that this year. Who knows though, maybe you will luck out and.... we will all be paying higher gas prices.

elcheapo

i doubt gas prices will hover much much higher than what we got the last few days. long term economics of oil right now is at $90/barrel tops. this morning dropped below $80 again. hence using that analogy, i dont think rdx prices will drop a lot...

HondaGuy347

I've been paying $3.35-$3.40 for premium for a month here in Chi-town already. I hope you're right, but I dunno. I guess either way I win

elcheapo

agree with your comments here, hence supply and demand will make the RDX more price inelastic. add to that my thoughts on oil and presto, hard to see it dropping a lot. the wild card really is what competition does with their vehicles rather than oil. if competition starts discounting more, acura will have no choice

MMike1981

imo, the RDX is not a good value bought used...it may be great for us owners, which i am, so seeing high resale value is cool, but i wouldnt buy a used rdx. if you really need this style of vehicle and dont want to deal with reliability stuff, then not many options other than maybe infiniti, but if you can forgo the small cuv thing, id buy anything else - if ur willing to spend mid high 20s, or even 30 k for a used car, christ, buy something LEGIT

HondaGuy347

What would be "LEGIT" may I ask? I want a 4-passenger vehicle for light cargo hauling, that has some power, and I can beat on and it will still be reliable. Basically a winter driver + rain/utility car for when I'm not driving the S2000. And my wife wants an SUV-type car in the family. I looked at 4Runners (really like, but even more expensive than the RDX used, and I don't like them new) and Highlanders (not my thing.) What else would you suggest?

MMike1981

but if you can forgo the small cuv thing, id buy anything else - if ur willing to spend mid high 20s, or even 30 k for a used car, christ, buy something LEGIT

MMike1981

...i would never spend 30k on a USED acura unless it were an MDX or an RL. just my personal opinion. unless reliability is your primary motivation and/or you NEED a truck, which for many acura shoppers it is, it just doesnt make any sense to me because you can get new acuras in the low 30k range, TLs, RDXs, and nav equipped TSX's. I would also expect that the interest rate on the used car loan will definitely minimize your cost savings vs buying new & qualifying for low APR (if you qualify)...but everyone is different & has different needs. If i were faced with buying a used RDX w/sticker of 30k, i would buy a brand new fully loaded CRV w/nav and not think twice.

HondaGuy347

Meh, I want an SUV for light cargo hauling/towing. Do I NEED it? No, but I already have one sedan in the family, it would be nice to get something different. Plus, I don't really like FWD, and I already have one RWD car, so AWD would be a big plus. And hey, I simply want one. If I can save a bunch of money ($5-6k) buying with less than 20k miles, might go for it. If I can't, I'll probably buy new. As far as car loans, my credit union will give me ~5% on pretty much anything less than 5 years old; if Acura's not running some incentive rate, then it won't really matter. The main difference is the CPO warranty, which I believe is actually better than the regular warranty.

MMike1981

acura has been running incentives for quite some time...i did .9 on my rdx when i bought it, my gf is at 1.9 on her 2010 TSX

MMike1981

i did .9 in 07, not much has changed in a while i dont think

NdNpLaYeR

maybe sooner than you think due to the current oil situation out in the gulf

elcheapo

gulf situation will only make a small dent... long term economics = $90 max per barrel... (as i pointed out a few days ago)... look at where it is today hence there will always be a lid on oil prices (and hence gasoline) as supply will come in - already studied this already based on puds reserves etc ... i follow the industry closely so up to you guys to believe or not... hope this helps

Carbon2008RDX

I work in the energy business and crude has crushed down in price this past week. We all have our opinions as to why but the economic meltdown in Greece is possibly just the beginning of a trickle down global effect. Look at the DOW. Dropped like a rock almost a 1000 points in the blink of an eye then rebounding about 65% of that loss. Its crazy!! It doesn't take much to cause global economic disaster. Everything is run by BOTS these days. Human intervention is too slow.

vash337

i bought an 07 rdx with 29k miles for 22 thousand without talking them down a penny. i got it on a mercedes lot. acura wanted 24,5 for a similar vehicle, but were offering 3.9% on those. i got this at 5.5%. it has 1 rock chip and needed 2 front tires. interior is about a 90/100 id say. very nice and for the price, i couldnt buy a loaded out honda insight. im not sure where you guys are seeing them for 30k, ive seen a 09 with 5k on it for 28,9 on an acura lot

MMike1981

all depending on where you live - when i look on autotrader.com and do 100+ mile search in MA/RI/CT/NH - the avg price is around 30k, used RDXs are not cheap in new england - thats why at least around here, there is way more value in buying new imo