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2013 and earlier-Honda Accord Prices Paid and Buying Experience

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Comments

  • tjolkotjolko Posts: 13
    After getting nowhere with the dealers around Charlotte, I bought an Accord EX-L I4 in April through Pohanka Honda in Fredericksburg, VA....very quick and easy deal. I would checkout their prices (you can get a quote within 15 minutes on-line) and those of Tyson's Corner Honda. You don't have to buy there, but it'll give you a good idea of pricing in probably one of the more competitive markets.
  • tegintegin Posts: 5
    I want to thank everyone for their advice. It sounds like I may need to back off a bit and wait till closer to the end of the month as you guys have suggested. Brian, thank you for going out of your way to research and recommend dealerships to contact. I am going to wait until the last week of this month and give it another shot. Once I get my best offer I will post it in hopes that I can get some feedback before I pull the trigger.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    Not everyone is willing to drive 3, 4, or 5 hours to get pricing that is such in other area's. If you fall in this category you should contact/ email /visit several dealerships at months end and make your best deal with a dealership who you feel most comfortable with closest to your house.

    My advice, tips and experience will get you closer to your target price and pricing in other area's. Use my advice to your advantage. Most of my post concentrate on negotiation skills, finding the best price, market price in and around your area. How and when to buy, avoiding the showrooms and floor people.

    All the buyers in this forum should be able to take some great tips, and info on car buying and at the worst case do alot better than anybody walking in dealerships that have done no research.

    N.C. is a tuff market on Accord pricing. If you plan to buy there make your pitch to buy at the end of the month.

    Your 2013 Accord will be considered a 9 month old vehicle in Sept and a 1 yr old model on jan,1 2014.

    1000 below invoice price should be your starting target price in N.C. If the market is as bad as you say. Dont forget about high doc fee charges. if dealerships doc fee's are 300/400 your really only buying said vehicle for 600/700 below invoice price.

    I think poster... Bluemkn57cars... has been using this forum to the fullest watching how pricing is going in and around his area/ making lists of all dealerships who sold closer to his target price last month. He for sure has done his research in this forum and most likely it will pay off this month.

    lets see what happens in 2 weeks on pricing.

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

  • I have received a quote for the 2013 Honda Accord EX $24,500 OTD with American Honda Financing and window tint. is this a good deal?
  • gmanusmcgmanusmc SoCalPosts: 436
    The folks in this thread will be able to give you a meaningful answer if you can provide your net selling price (including destination and any dealer doc fee). You can't do anything about DMV fees and taxes and they vary by location so it is hard to judge a price with those included.

    Bill G
  • Long time looker, first time poster.

    Was looking to get a 2013 LX CVT Lease and from what I've gathered it looks like I should be looking to negotiate final price rather than the lease payment. That, and I should come to this forum rather than the lease one since the information applies to lease as well.

    I know I should wait til end of the month to do delivery/negotiate. I did that for my fiance's brother's 2013 EX I4 Accord and got 25,100 out the door (purchase) at the end of June. With year end clearance, I saw I should be looking to offer 1000-1500 below invoice. Should this price be the OTD price? The invoice for the '13 LX CVT is 21,369. Is it reasonable to go after 20,000 OTD at the end of this month for a lease? I am trying to get payments as close to 180 as possible. So far, the absolute best I have been offered with 2000 down is 210ish with everything included. Thanks for the help.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    Welcome aboard,

    I will try to help you. you do need to go back into honda lease to get residual/ money factor numbers and miles desired then apply it to your agreed sale price of said vehicle. This formula will give you a ideal of how much the monthly bill will be excluding your taxes.

    1000 to 1700 is the below invoice target price on your model that you should be shooting for this time of the year.

    OTD pricing means with dmv, dealers fee's, and your state tax.

    Its always best to Put down the least amount of money on a leased vehicle. just first month payment and roll taxes and everything else into lease. If your vehicle is totaled or stolen you will loss your initial down payment.

    Give a shout out to either...... Gmanusmc or Huskerfan in the leasing forum they will give you expert advice and how to negotiate the best deal on a lease and what to look for. The Car man will give you the numbers on the model, years , and miles your looking to lease.

    What i could tell you is find your lowest sale price for your model and run the correct numbers to figure out your monthly lease.

    read thru prior posts to see what the market value of pricing is selling for in your area.

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

  • huskerfan5huskerfan5 Posts: 163
    Unless your LX has a diamond encrusted shift knob, your OTD cost on an LX lease should be under $300. You are mixing buying terminology with leasing. Since you recently purchased a car, you know the OTD costs included the selling price, doc fees, taxes and title/registraton. In a lease, you will have the selling price, doc fees and tite/registration costs but you will also have the Honda FInance $595 lease inception fee and your taxes will be calculated differently.
    You are taking the correct approach, just obtain the appropriate money factor for your credit tier and get the selling price/doc fee total as low as possible. I'll let others on the board tell you what you should shoot for. However, since you lose everything paid at signing on a lease if the car is stolen or totaled, I suggest you put all costs into the lease and get 36 equal monthly payments with nothing else due at signing except your first payment.
  • Thanks!

    Lease factor is .00075 and county tax is 6.5%. Residual comes to about 13770.

    Now my question is, when you say I should be negotiating the price at 1000-1700 below invoice, does that mean that the OTD price should be 1000-1700 below invoice or the pre-tax and fee price should be 1000-1700 below invoice? I've talked with a few dealerships in the Akron/Cleveland area and visited three of them. The mistake I was making was that I was offering a trade and 2000 down. Should I not do that? Am I better off selling my old car privately? It's a salvage title 03 Hyundai Elantra. Some dealers offer as much as 1200 (which is the most I hope to get) and some like Jay Honda and Rick Roush Honda offer 200-300. Others offer nothing at all, and say they can't take it. Should I not offer anything AT ALL down? Thanks a lot.
  • jay2015jay2015 Posts: 1
    Hi,

    Just Bought 2013 EXL Navi Accord in Houston, I am new to the forum not sure if the price is good , Missed to research on this forum . Paid 30K OTD

    The car has
    Tint
    Splashguards
    Seals
    Trunk Tray
    Nitrogen and Road Hazard Protection
    Wheel Locks
    Diamon Fusion and Window replacement protection

    Any suggestions I know its bit late just an opinion

    Regards,
    Jay
  • gmanusmcgmanusmc SoCalPosts: 436
    Akron - based on your stated money factor and residual, if you were able to negotiate an 1800 below invoice deal, your zero due at signing, pre-tax, pre-doc fee, pre-DMV fee payment should be around 200 per month. This is based on a total cap cost of around 20k (including 595 inception fee). If you roll in your doc and DMV fees, add about 2.80 for each 100 of fees to your pre-tax payment. I'm not sure how Ohio handles the sales tax - you can calculate that yourself.

    As far as the 03 Elantra is concerned, I recommend you sell it on the side and use the proceeds to pay a few of your lease payments - using it in the deal is complicating things for you.

    Hope this info helps a little.

    Bill G
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    1k to 1700 below invoice is your target price to buy/ lease. Pre tax, title, doc fee, and dmv fee's added onto your agreed price .

    Sell your car private. It will be one less headache and will help you get the best deal on your target price to lease.

    Here are some dealerships in the Ohio area i used some years back that i found to be good dealerships

    1- Hidy honda

    2- Waikem

    3- Chesrown medina

    4- Voss

    5- Whitey's Automall

    Mike Pruitt, and Park honda are in Akron not sure why i have them on file, maybe i called them but nothing was noted.

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

  • Jay,

    For anyone to tell whether you got a good deal or not, you need to provide the following details:

    - MSRP of the EX-L Navi
    - Invoice price (kbb.com is a good place to look that up)
    - Sale price for the car without any options
    - Cost of options and accessories purchased
    - Any Flex Cash (usually $500 discount for financing through Honda)

    PS: I'm curious, did you negotiate on the sale price?

    -Mike
  • Sale Price $22,571.93

    Destination Charge $790.00

    Graduate Program -$500.00

    Sub Total $22,861.93

    Sales Tax $1,460.12

    Inventory Tax $46.47

    Title Fee $33.00

    License Fee $57.75

    State Inspection $23.75

    Road and bridge Fee $10.00

    Document Fee $125.00

    Total Drive Out $24,618.02 with American Honda Financing and window tint

    is this a good deal?

    Thanks
  • Good idea for waiting till the end of the month.

    I will be shopping the last week of this month for a deal on the EX-L.
  • FYI, I just purchased a 2013 Honda Accord LX Manual for ~$19,350 (including dest fee and $500 flex cash discount) in Northern California. Car had to be finance to get the $500. OTD was ~$21400.

    I think I could have had a better deal at the end of the month or when 2014 models come out, but I needed the car ASAP. Also, manuals are somewhat hard to get by so inventory could get even lower by then.
  • gene103gene103 Posts: 47
    Blue, based on my observations on this board, no one needs to provide the invoice price, I think all the regular responders already know the invoice amounts for all the models. And you left out the doc fees that are essential to know. And why does MSRP matter at all?
  • bluemkn57carsbluemkn57cars Posts: 242
    edited August 2013
    My reasoning behind providing MSRP is that some responders leave out the destination fee. With regards to the invoice price, there was another responder who stated that his invoice price (from another state) for the same model car was different compared to mine here in MA. Maybe that's why websites such as truecar.com require that you enter a zip code.

    With regards to TTL fees, since those vary by state, it does not really matter. Unless a responder is only providing the OTD price and asking whether they got a good deal or not, then doc fees, etc might help. Any information that will help someone on this board get a good deal on a car is welcome.
  • gmanusmcgmanusmc SoCalPosts: 436
    Blue is correct - more info is better than less - we can always weed out the unnecessary info, but as the regulars on this board see all the time, when there is inadequate info, advice cannot be offered until the poster provides the missing info or clarifies his/her details.

    Bill G
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    Here is the breakdown of your deal. You could be your own judge on your sale from what prices you have been reading in this forum in your area.

    2013 ex model invoice price= 23,247
    -22,571 sale price
    Total...................................$ 676 below invoice
    minus doc fee.........................125

    ..............................you paid 551 below invoice price on your model plus any incentives that applied to you.

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

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