Car Question

[ryestar]

ahem, boozysmurf  and anyone else who knows cars/buying, mightydogking ?

My Boss (not my wife, my other Boss) has an 2K6 Acura MDX 39 month Lease ending in September.  The car has 60K KM's on it and is very well maintained.  The buyback is 26K.  He wants to know if he should buy it out or walk away?  So I need to know how to find out what a 2K6 MDX with 60K is worth, and

Comments

[quotation]

http://www.trader.ca/search/Results.asp?BFROM=1&BAD=N&BPRICE=N&BTYPE=B&BCAT=2&BOREGION=100&BYEAR1=2006&BYEAR2=2006&BPRICE1=1000&BPRICE2=&BMILEAGE1=&BMILEAGE2=&BKEYWORD=&BMAKE=680&BMODEL=MDX&BMAKENAME=ACURA&category=2®ion=100&makeid=680&modelcode=66035&adcopy=&multiphoto=N&video=N&SortBy=askprice&SortOrder=a&DisplayType=&DisplayRowCount=&mknm=680&mdnm=MDX&subcategory=201&CAT=2

Given the purchase incentives and low financing rates on today's vehicles and (as above) the pricing on off-lease MDXes, this lease buyout is not a good idea.

[mightydogking]

Man, I am SO not your guy. Sorry 'bout that. :)

[boozysmurf]

What quotation said.

You can get 0.9% on new BMW's now, never mind blocky Acura SUV's. Even if he's planning on sticking with Acura, might as well go new.

I'd recommend the TL Type S, myself. Lose the SUV, it's ineffient and unnecessary.

Either way, might as well go new. the difference in payments between used @ 7.5% and new at 1.9% is the difference between a three-year-old and a new car.

[quotation]

I think we both skimmed over the biggest moral of the story. . . don't lease.

[ryestar]

I thought the moral of the story was "Shoot the Hostage!"

Thanks, I have answered his request and hope it helps.

There are wings in Hamilton for you Rob, Mark, you get Fish and Chips in a newspaper.