This paper presents a performance comparison of various MIMO radar multiplexing approaches where the increasing number of transmitters adversely affects the dynamic range of the resultant MIMO system. The investigated multiplexing techniques are code-division multiplexing in phase-coded frequency-modulated continuous wave (FMCW) and phase-modulated continuous wave (PMCW) radar. Additionally, random fast/slow time multiplexing in time and frequency is considered for frequency-modulated continuous wave and orthogonal frequency-division multiplexing (OFDM) radars. The comparative analysis is conducted through simulations, evaluating the scalability with the number of transmitters and addressing other pertinent implementation concerns. The findings provide insights into the trade-offs associated with each approach, aiding in selecting suitable MIMO radar multiplexing strategies for practical applications.