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2013 and earlier-Honda Accord Prices Paid and Buying Experience



  • The 0.49% APR rate is online only. If you have money, their CD rate is 1.90% APR for a 4 year CD. You can actually make a net gain (post-tax) on the car loan, just like the old days...
  • Wait, my PenFed thing is for 1.49% for 60 months. The 0.49% is if u use their online buying service, which I haven't. I may try to see how it works. Maybe I can squeeze that rate.
  • If my local matches it, i will be there in no time. I call penfed to qualify and then they asked me if i had a family member that it was in the military.

    my half brother i said, but i was honest and told them i didn't know where he was (last time was in italy). I also have a cousin but she said it was fine.

    I didn't pay the $15 joining fee, so, i only gave $5 for my new penfed account. U can't beat it.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,414
    edited February 2013
    You guys are really working on something here!!!!

    In the nyc area pen fed svc was $590 below invoice.

    If i was to change my zip code to boston or M.d would i be entitled to that price there giving me????????????

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • "Brian, I hate repeating myself but dealers pay what they think the trades are worth and rarely stick to "book" prices."

    Had to jump in and reply to this with my own experience. I had a Hyundai Genesis Coupe a year or so back. Had it for 2 years and really didn't get on with it. At the time I decided to get rid of it, it was booked at $19,500 and I owed $17,500. I wanted a C-class MB and trotted off to the local dealer. I could tell straight away they didn't like my trade at all. Their offer? Full price for the MB and $15,000 for the Hyundai.
    Someone at work mentioned that the Infiniti place over the mountains (3 hours in summer, 5+ in winter sometimes) had a reputation for selling good used sports cars, coupes, convertibles, etc. I hadn't really considered an Infiniti as the dealer was so far away but I have a soft spot for them as I used to sell them. Gave them a call, described the car and chatted about my needs. Long story short, $23,000 for the Hyundai, a G37x with premium and tech packages stickered at around $43,000 for $39,000.
    In short, isellhondas is spot on. The dealer will pay what the trade is worth to them. BTW, when I was selling, we would usually offer the "poor" condition price on KBB regardless of actual condition unless it was something we wanted for the lot. If the trade value was really the hot button issue, we would bump it and grab back money elsewhere in the deal.
  • I just checked my PenFed target price for my area is $21,293. So, is about $1,000 more than what i have = no savings at all. I wouldn't mind if they were willing to go as low as i got, but othe than that, no point. I will let u all know what i do at the end. Waiting for dealer to respond, thanks.
  • Brian, i m not using PenFed for that purpose, but i just checked and the price dosen't vary at all between PA and MD where i have the offer from. So, not sure if it is worth the shot. But hey, we have nothing to lose to see if they can come down in pricing.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,414
    I never trade my cars back to the dealers. I keep my cars in great condition and well maintain. I'm sure some people do get a good trade in.. but most people do not. Just the way your business works.

    Buying a new car is one of the worst investments you could make. Depreciation values/// repairs. Then to short change yourself on a trade in crazy. Unless the vehicle is a mess/ needs work or you dont like to sell on your own trade it in. Take what you can get.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,414
    Thanks.......... didn't know how it worked with pen fed

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • Me either, I am just learning. Also, keep in mind that the other thing is that once u seal the deal. The dealership has to fax them the buyers order. Then they mail u a check that can take a few days 3-4. Unless u pay them the $15 for next day shipping for the check.

    In that topic a question for all and perhaps isellhonda can help. If I show up to a dealer on the 28th (end of the month). I make the deal, I give a deposit and leave because I now have to wait for the PenFed check for like 4 days or so. Would that deal be considered under the end of the month? Or will it technically be under March? Just curious to see if that might lead to a better deal.
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,599
    edited February 2013
    If the deal is RDR'd (the car is sold) on the 28th than it'll count for February.

    I've never heard of PenFed but it just sounds fishy like so many other Johnny Come Lately finance companies that have come and gone.

    MAKE SURE they issue a CHECK and not a DRAFT. A draft comes with strings attached and they can be near impossible to fund.

    I do have to chuckle about buying a car on the last day of the month being the way to save the most money. Dealers will often tell you things that encourage that myth such as..." Hey, it's the last day of the month and we are three cars short of making a bonus"!

    Sometimes that's true but usually not.

    Again, when you see an interest rate that is way below what other lenders are charging you should really be paying attention.

    No free lunch....ever!

    Good Luck!

    EDIT: Read the Yelp reviews on Pen Fed and other review sites.
  • O.k. thanks, just curious. But PenFed is some military credit union. They will mail the check for the final amount financed, but worst case scenario is a good thing that Honda has the 1.9%. Thanks for the feedback.
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,599
    For a lousy extra 1/2 percent I know I would go with Honda without a second thought!
  • "When people focus ONLY on price they can find it a miserable procedure."

    "For a lousy extra 1/2 percent I know I would go with Honda without a second thought!"

    Somebody pinch me; that's the second time today i AGREE with "isellhondas"
    So glad he's a part of this board (and a few others)...really!
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,599

    I just try to tell it like it is and that's after a lifetime in retail.

    More years than I'll admit to.
  • I am considering the 1.9 from Honda. I will read the reviews.
  • hondafan31hondafan31 Posts: 13
    edited February 2013
    carvc (carcam123) you are spot on. I leveraged the information you posted and the recommendations posted by brian125 when purchasing my 2013 Accord EX-L V6 last November. After determining the make/model/trim level/color of the car I intended to purchase, I spent a few hours researching honda forums to include reviewing postings on this forum. From this forum I learned of the Pen Fed 1.49% 60 Month financing and in the last week of October solicited quotes from both Weymouth and Ray Price Honda. After confirming that my local dealer (Pohanka Honda, Fredericksburg VA) had the EX-L V6 Black/Black I wanted on their lot I then sat down with the local dealer (BTW - via e-mail Pohanka originally quoted the EX-L V6 at $1,300 above the Weymouth price). I showed the Pohanka saleman my quotes from Weymouth and Ray Price (both dealerships quoted the pricing you received). I told Pohanka I was ready to buy the car sitting on their lot for a comparable offer. I told Pohanka I was in a hurray and was prepared to drive to PA to pick up my new car if necessary. The Pohanka response took about 5 minutes and we closed on the final agreement in less than 15 minutes (several minor counter offers). I paid about $125 more then your deal (priced included wheel locks) and avoided an 8 hour round trip travel day to Ray Price Honda in PA. The Pohanka dealer even matched the Pen Fed financing It was a very easy process. I am very satisfied with the outcome of my deal.
  • gmanusmcgmanusmc SoCalPosts: 436
    Looks like you're finally getting through to some of these guys - good luck with Brian though - if he ever gets the deal he's looking for, he'll still want another 25 cents.
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,599
    Oh, I know. It always amazed me what some people would put themselves through in their zeal to "save" a few (very few) dollars.

    I finally came to the conclusion that it's not so much the dollars. It the nagging fear that maybe, just maybe, someone else bought the same car for a bit less money.

    Life is short folks.....
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,414
    edited February 2013
    Pentagon Federal credit Union is no fly by night. MOS credit union

    I recieved a blank check from Pen fed for the amount i requested with a 90 day validation period.
    No pre penalty to pay off principal early. My membership was free. the rate is 1.49%.
    Make Honda match that offer or give Pen Fed your business.

    Honda fan you negotiated a good deal.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

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