wstr75

Am taking a trip next week and will be passing close to an Acura dealer with a 2016 RLX Hybrid Advance. My 2014 RLX PAWS has 40K miles and there's a likely big time crushingly disappointing trade-in value for it, but let's leave that aside for now. What price do my fellow RLX owners feel is the mutually assured all parties choking and screaming at each other rock bottom price point for a 2016 RLX Hybrid Advance? $10K off list?

Inquiring minds want to know . . . . .

RLX-Sport Hybrid

5-6k off my best guess.

wstr75

5 - 6K off is 91 to 92% of sticker price. So, if they offer at best $27K for my 2014 PAWS Advance, that $33K+ out of pocket difference is pretty much is out of my comfort/tolerance zone. Oh well, sounds like we will be going non-stop through that town next week.

RLX-Sport Hybrid

What do you owe on the current car? Is it a finance or lease deal (currently)? I owe about $36k on mine now but I rolled the equity left in my last car and put more money down. My purchase price was $54,500 for a Tech Sport Hybrid.

wstr75

Zero owed.

RLX-Sport Hybrid

You paid cash? If so I would either sell privately or hang on to it. With the cost of financing it seemed obvious to finance a portion, but that is me. I guess you had other reasons. I wish the math made more sense so you could drive an SH.

wstr75

Bought it for $37K August 2014 with 15K miles. A good deal at that time for a sweet car. Yes, financing makes sense, but modus operandi is to reach for that extra couple thousand when dealing and waiting around for them to wear me down while checking credit, etc. seems to get in the way of ensuring they are sufficiently urgent to make a deal before my leaving the scene. Years ago was so broke could not do major repairs and thus went the leasing route. Nowadays, go the cash route when opportune. The difference between being a struggling small biz person with family in my 30s and now an old geezer with long gone grown kids and other such expenses. One of the few upsides of reaching old age . . . . .

RLX-Sport Hybrid

Hey geezers are important, especially entrepreneurial geezers! Bravo!! Way back, when monthly car payments were something I looked at carefully for affordability reasons, financing was the only option. Now I look at the time/value of money as well as personal financial liquidity. My opinion is that being financially liquid and having the ability to pay in full at anytime is more comforting than actually paying in full from the beginning, but that is just a personal preference. Since interest rates are so stupendously low, financing is almost free these days. Shoot a 3.5% interest rate on a 30 year mortgage or a .9% rate on a car? Remember when those rates were 6%, 8%, or 10%+? They were crazy in the 80's. Current Millennial generation folks have never seen rates like that and will be quite the shocker at some point in the future (if we all live that long, since the "low for long" FOMC plan is in place right now).

wstr75

Thank you for your kind words. We financed my wife's car at 0.9% rate. You are correct about time value of money. Today's financing rates are lower than the inflation rate, so the optimal situation is to finance, especially if you can get a better rate of investment return on your money like the market is serving up lately.

rick sambora

iTrader: (1)

I will be paying 53k+TTL on a 16 RLX hybrid/adv. This is a demo car and has 4k miles on it.

Malibu Flyer

You did well in negotiating ........ you got a terrific bargain.

Be sure to sign in on the owners page.

TampaRLX-SH

Very unusual a dealer has a Sport Hybrid RLX, never mind one as a demo. In fact one issue we have discussed in this forum is how to buy a car you cannot test drive.

Also, based on your VIN (posted in your other thread) the car was built late September or October. That equates to 1K miles / month. Seems like a lot for a demo. Have you checked the VIN to see if it was previously owned?

I assume you got it CPO with 10 year warranty?

pgeorg

That is an excellent price, $13,000 off MSRP!

I would think it would be more expensive if it is a CPO, although i don't know if a demo car with 4,000 is considered (sold as) a used car.

rick sambora

iTrader: (1)

CPO...dealer car..never registered to a customer...it has been marketed as used...comes with all extensions of warranty that come with a CPO car. Also I have an option of walking away from the deal if I don't like something when I test drive it.

csmeance

Here's the black book figures not including the CPO, I'd say is worth 3K max.

rick sambora

iTrader: (1)

I couldn't get them to lower the price any less than 53k. 49k would have been great. I couldn't get a better deal after doing a nationwide search and calling multiple dealerships who had a new/used 16 hybrid. Those trade-in numbers are appalling. Didn't realize acura depreciates that much so quickly..

hondamore

rick sambora, you got a GREAT deal on a GREAT car. No looking back at hypothetical numbers, just enjoy. All the beta testers here are SURE that you will.

RLX-Sport Hybrid

Trade in value could be zero, and I would be just as happy. MB depreciate even faster.

CadiGTi

Tampa, the Acura CPO warranty (for vehicles sold still under the Acura new car warranty) is not a 10 year warranty. Acura CPO extends the Bumper to Bumper coverage to a total of 5 years or 62k miles. Powertrain is extended to a total of 7 years or 100k miles (whichever comes first). I am on my 2nd CPO RL. It is great deal for those of use that put hyper miles on our vehicles and really put them to the test.

http://viewer.zmags.com/publication/...2f#/a1d29d2f/3
Ed

George Knighton

Now, that's slightly depressing.

LOL....

I still owe 47K on my 2014, and you guys are buying new 2016 for that price.

TampaRLX-SH

Thanks for correcting me on that Ed.

CadiGTi

Tampa I would love to buy yours CPO in about 2 years!

TampaRLX-SH

I'll never say never! Hopefully the RLX will serve me as well as my RL,,,which would mean 10 years. BUT, if and when I move on, you know it will be a low mileage, meticulously kept garage queen.

And you may already have competition from the Dallas buyers of my RL. They were in town and I took them to dinner in the RLX. The evening ended with 'Take good care of our NEXT Acura!'

CadiGTi

I have someone waiting in the wings too for my 2012 RL. The person that bought my 2006 RL CMBS. I think he has close to 250k on my prior RL now. I would be great if I could buy a 2-3 year old RL/RLX every cycle from the same owner. Acura's seem to have a very loyal "2nd time around" following. Their appeal as a late model pre-owned almost seems to be stronger than the brands appeal as a "new" car.

I am actually am hoping to keep my current 2012 RL at least 3 more years. I really love the car. It is a perfect "office on wheels". Bullet proof reliability, relevant tech, and supremely comfortable. I really like your color combo so it would be very tempting if you were to trade out early!

holografique

2016 Sport-Hybrids are selling for less than I paid for a 2014 PAWS and you're depressed??

TampaRLX-SH

I do not think there are enough examples to trend the 2016 SH pricing. I think it will be market and dealer dependent on how much discount will be negotiated. A dealer I spoke with sold 2 SH RLXs in the last 10 weeks, one at sticker and one slightly discounted. Although the 'leftover' 2014 SHs being discounted heavily may alter market perceptions (and ratings) of what a new SH should sell for. Similarly the panned reviews on the early PAWS models has, as a whole, diminished the perception of the model (in both flavors). This has roots in the disastrous launch of the RLX.

Supply and demand is classic in this case.

rick sambora

iTrader: (1)

I think the market makes a huge difference Locally, none of the dealers wanted to discuss discounts on the RLX SH. The lowest that I could get them was 64.2k on an adv. with 8 miles on it. Used 14 are going for 46-48k locally with 5-12k miles on it.
Then I started looking on the east coast and the west coast and finally found one on the east coast with the above pricing.

Malibu Flyer

The current issue of Consumers Report gives the RLX [PAWS] pretty bad ratings. I don't expect this will change until Acura does a MMC on the RLX or ramps up the production of the Sport Hybrid enough to sell enough cars to get the notice of reviewers like C R.

Time will tell and in the meantime, I continue to enjoy my '14 Sport Hybrid and have little concern what the automotive press or others think.

TampaRLX-SH

The CR review was one of the most significant negative reviews that put the last or most of the nails in the RLX coffin. I believe it was an early 2014 PAWS model. Aside from suspension, they were frustrated with the infotainment and the price for a FWD sedan was not justified. Agree or not, this is an example where the early quality and design issues, initial selling price and the clunky slow infotainment of the early models overshadows the updated model and the SH.

And where it re-opens the wound, that early model experience has landed the RLX in a worst choice category.

George Knighton

The 2014 RLX FWD is on their list of cars to avoid.

George Knighton

It doesn't help the car's image that the MSRP of the FWD cars seems unreasonable.

When they decided to import the Saiyama cars into North America, they gambled on the yen/dollar conversion, and they lost that gamble.

Now that they know better, they could sticker an MSRP a lot less, by thousands. I don't know why they don't break down and do that.

It's the opposite problem when talking about importing cars from Swindon (the new CTR hatches). The pound/dollar conversion is the exact opposite of the yen/dollar, and cars from Swindon appear to be unreasonably expensive...but they need to be.

The Japanese made cars really should be cheaper MSRP than they are.

George Knighton

And if the UK ends up leaving the EU, it's possible the Swindon cars will be even more ridiculously expensive.

The declaration by US trade officials that the UK could not expect any special deals if it left the EU was a declaration that came after Cameron's deal with the EU was published.

So the US might've been blustering in support of the Tory government in an attempt to get the British electors to see that the EU deal was a good one.

But if it was not bluster, then we could be in trouble.

Meanwhile, Canada, Australia and India would very much like for the UK to leave the EU because they could look forward to most favored nation status again, and a renewed Commonwealth Preference policy.

holografique

The problem is: it's not about what they "think", it's about the reality of how poor the initial 2014 models were. Period. The Hybrid doesn't count. Entirely different car, and what the RLX should have been all around.

My PAWS and my ownership experience to date are a living testament to what these automotive reviewers "think"...everything they had to say is exactly what I've been living since the "honeymoon" effect of the first few months of ownership finally wore off, only to leave me dumbfounded and confused over what exactly I paid for.

And for the record, Acura is not getting my return business in September. I have opted to buy something used and cheap to save money for a year and see if they get their act together with a new flagship. The only business they are getting from me is a 2016 ILX for the wife. And even that is being taken under consideration...

neuronbob

Son.....I am not disappoint.

Sooooooooooo glad I was in a position to lease this time around based not only on the information in this thread, but my own research on current market values for used Sport Hybrids. The depreciation on this car suuuuuuucks.

George Knighton

4G TL used car values went up after they stopped making them.

The same thing might happen to the RLX after 2019, when whatever replaces it comes out.

George Knighton

I'd love to be able to contradict you, but I can't.

Consumer Reports has enough quantifiable evidence, enough reports from owners, to have the 2014 RLX in the list of used cars to avoid.

And of course the Sport Hybrid suffers by association. :-)

TampaRLX-SH

My hope is the same as George.

I plan to keep mine as long as or longer than my RL (10 years). Along with garage queen condition, I hope the value of the car will be driven more by how rare it is. I have seen a few rare cars that tanked when produced (price and volume) and now very clean used examples drive nice prices (the Phaeton comes to mind).

hondamore

^^My plan is the same as TampaRLX - keep my RLX Sport Hybrid for 10 years or so and then sell. It makes the long-term ownership cost VERY reasonable.

What I found with my previous '05 RL and '95 6-Speed Legend Coupe were that the rarity of the model creates a "cult following" amongst Acura loyalists - those who just LOVE the the car but could never buy one because of the initial MSRP, but who REALLY covet buying one on the used car market. Bidding wars often ensue when these rare gems hit the market.

Both of my previous cars fetched $15K+ when 10 years old and I suspect the Sport Hybrid will likely do even better. Subtracted from a $60K (Canadian dollars) initial cost (with tax accessories, etc) and I estimate an ownership cost of $375 per month to drive an AMAZING luxury car. This is assuming of course that I get the same bulletproof reliability from the Sport Hybrid that I got from my two previous Acuras and my first year of ownership suggests that should be the case.

holografique

^I wish I could do the same for my 2014. Keep it long term, and maybe recoup the huge loss I've taken somewhere in the end. But that's not gonna happen.

* My model is riddled with poor product design, quality and workmanship.
* the 2014 PAWS is not going to raise in cost over the years due to the above.
* At the end of my lease I will have spent $38k+ to walk away with:
----No vehicle
----A poor ownership experience

Let me rephrase that last bullet a different way: I will have spent 70%+ of the money you guys have gotten an SH for, with nothing in my hands. Not even ownership of my 2014 PAWS.

At the very least it would have been nice to walk away feeling like it was a great ownership experience.

flagship

i am disappointed that Lexus is kicking Acura in ratings. Would like to get an Acura but they are not on their A game. Latest Honda Accord Touring is awesome but waiting seeing if Acura gets their act together or may get that one day if I have a need for a car and Acura has not stepped up. The infotainment thing, quality issues, and transmission issues on other models as well as low ratings are a real shame from the prior heyday of excellence. I also find It strange that many of us US customers want Acura to differentiate from Honda but where Honda is most pure, in Japan, they are the same exact thing. I don't care what they call it just make them near or closer to perfect again!