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2013 and earlier-Honda Accord Prices Paid and Buying Experience

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Comments

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    Off the top of my head below is the only legit OTD pricing you should be charged in New York

    Doc fee....................................................75
    Tire fee....................................................12.50
    Sales tax..................................................8.875 %

    2 yr registration with New plates about.......200
    Transfering plates.....................................75

    In Conneticut that state Calls doc fee charge a ........... ADmin fee

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

  • Using the lowest internet quote you provided, you are about $800 below invoice (including destination fee). You did not mention whether these quotes included flex cash. Reach out to more dealers, if you can.

    I would aim for $1500 below invoice the last two days of the month.
    These are my suggestions:

    1. Aim for at least $1500 below invoice off $26,399.
    2. Do not include the Flex cash in the $1500. It should be an additional $500 discount for financing through Honda.
    3. Feel free to go through the forum and read some of the older posts with suggestions on how to go about negotiating the best deal and pitting dealers against each other.

    Good luck.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    Not to confuse yourself or the dealers you contact. let all dealers contacted know you will buy immediately for 24,899. Plus taxes/ dmv charges This price is 1500 below invoice with dest/ charge included in offer $26.399 If dealer has flex cash to offer you for financing thru honda thats a addition 500 off your total sales bill. Some states are allowed by law and can add it as a down payment on your bill of sale so they could tax it. Either way its 500 you were not getting. Find as many dealerships offering flex cash to make a deal with first.

    Start your negotiation process the last 2 days of this month either buying that day or the last day of August for the best possible price.

    1500 below invoice might not be the lowest you could get. the more dealerships you get involved the better you will do on pricing.

    Philly might be a tuff market for 1500 below. .

    I know of no dealerships in philly that pricing is comparable to other states.

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

  • carsdecarsde Posts: 4
    Thanks for the response. It was very helpful for me. The internet quotes didn't seem to state explicitly whether this included flex cash, except for one case. There the sale price reflected 500 flex cash discount.
  • carsdecarsde Posts: 4
    Thanks a lot for this advice. I will contact dealers to ask them explicitly whether they offer flex cash in case the quotes I got are not clear enough for me. Then I will try to contact even further dealerships and wait until last few days as you suggested. By the way, one dealer did not give me a quote but said that I need to visit before I qualify for special internet pricing.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    Do you know what the Philly doc fee's are at the dealerships. while you are talking with these different dealerships inquiry about how much there dealerships doc fee charge is. N.Y is capped at $75/ Calif. is capped at $80. N.J is anywhere from $199 to 499. Maryland 199 to 399.

    If your one of those states with a high dealer doc fee charge you need to adjust your asking price to compensate for this charge. OR I flat out tell each dealership i speak with:

    Will you remove this charge off the bill for the Sale today. If dealer says NO i add that fee onto my asking price making that charge a wash.

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

  • calcarcalcar Posts: 2
    edited August 2013
    Bought a 2013 Accord Sedan Sport CVT yesterday at Criswell in Germantown, MD. It was a very quick and straightforward transaction.

    $24,980 MSRP (Includes Destination)
    $22,929 Invoice (Includes Destination)

    $21,828 Price (Includes Destination)
    200 Processing Fee
    1312.68 MD Tax
    292 2 Years Tags

    $23,632.68
    - 500 Finance Cash

    $23,132.68 Out the Door

    Other DC area dealers quoted about $500 more than Criswell.
  • carsdecarsde Posts: 4
    I asked specificially regarding doc fees for these dealerships and they answered back with ranges from 131 to about 208. All of them seem to have have Honda flex cash from I've heard.

    Another issue is that I have a trade in. When I write those emails the last 2 days that I am interested to buy today if I get the price 1500 less than the invoice price etc, would I then request what I would like for my trade-in or do I need to let them look at the trade-in before that which means visiting each dealer (which would be a pain)?
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    You are correct. Its always best to sell private. Most transactions like yours is a headache. You need to visit dealerships willing to sell you the new Accord closest to your target price then making a deal with one of those dealerships with your trade. If you get close to value on your trade close the deal. Expect to take a loss on your trade.

    Your trade in will also reduce the sales tax on your new purchase.

    If your negotiating price on the phone/ email do not mention trade til you get into dealership. You want each dealerships bottom line price 1st.

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

  • alpha123alpha123 Posts: 15
    A little off topic but I just wanted to reinforce some of Brian's comments of being patient and keeping lines of communication open with the dealers. I sent out email offers at the end of July just as Brian recommended. I got a ton if responses but once I let them know my target price I got much less of a response. Two weeks later i can tell that some of the dealers are looking to make their numbers and are starting to follow up. So my advice would be, don't wait until the very end of the month to send your first request for pricing. Maybe start in the middle of the month..and then let the dealers come to you. Make sure you have at least 5-10 dealers in the mix. I also found that the high volume dealers definately had the best prices and the best process for dealing. That's why they move a ton of volume. If you get responses from smaller dealers trying to play games or are really not competing...move on...maybe broaden your search radius. My two cents. Hope it helps.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    Adding to your post............ If for some reason you do not buy from emailed dealerships at the end of August you keep the lines on communication open for the next months sale. You will find and learn alot about buying vehicles this way if you shoot 20 or 30 emails out. Dealers will call you back. Some will flat out tell you . listen we need to make our sales numbers we will sell you this vehicle. As Alpha has posted finding the high volume stores and the internet friendly dealership usually makes buying so much easier. Alot of dealerships that play games/ dont sell alot of vehicles,, have internet issues with pricing and dealing with a informed buyer like us just move on.

    As you get better at buying new vehicles you will find calling/emailing dealerships the last week, last days of any month to start your negotiations cuts down on all the b.S. and nonsense dealers will run on you.

    When i buy a BMW, or Mercedes i email/call 20 dealerships the 3rd week of the month . I then target 2 or 3 dealers to go back and forth on pricing till the end of the month hoping to get the lowest price from my targeted dealerships first. Most High end vehicles dealers are selling well above invoice price if not sticker.

    Back to honda sales

    I'm at the point now when i buy i want the dealerships full attention on those last days/ last day where he knows if he hangs up with me he most likely lost the sale. i always find middle of the month buying gets you half [non-permissible content removed] prices and games being played. dealers are hoping you bite.

    AGAIN the key factor to getting your lowest price is :

    Know your area's selling market price/ not making a ridiculous offer
    Knowing surrounding area's prices and boardering states.
    bringing those prices to light with dealerships where your looking to buy
    Buying at the end of the month.
    Doing your homework and research before you buy.

    Getting outside credit approved first. A must if your credit is bad
    Contacting your INS company about vehicle you going to buy.

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

  • alpha123alpha123 Posts: 15
    Totally agree. All of this varies by market but doing your research and following the basic tactics you're talking about immediately gets the dealers attention....and his best price.
  • alpha123,

    You are right on the money. I had reached out to about 5-6 dealers in early July to get a feel of pricing on the EX-L. As of last week, two dealers are still in touch with me.

    I did email one of the dealers back for updated pricing, informing them that I will be buying at the end of the month.

    BTW, does anyone have any info on the release date and new features for the 2014 models? Honda has been tight lipped about it so far. The only info out there is about the Hybrid model, which would be selling for close to $40k.
  • I posted this in the lease questions forum, but I want to crosspost it here because this forum gets more traffic:

    Is the residual value on a lease based off of the MSRP or the MSRP + Destination? Does that vary by dealer?

    Also, I had a question about how the $595 lease initiation fee gets applied. One dealer in NJ's internet quote for a lease listed the EX-L's cap costs as $595 less than their listed sale price for the car, so that when the lease initiation fee is included the car's cost is still the same as if you were buying. Is this normal? I assumed that the $595 was going to be an additional cost on top of whatever sale price I can negotiate. In other words, if I negotiate a sale price of $25,000, when they calculate the lease is it standard for it to be $25,595 or to stay at $25,000. Is this something I should be watching out for?
  • gmanusmcgmanusmc SoCalPosts: 436
    edited August 2013
    Residual is calculated using total msrp (incl destination). As far as I know, the lease initiation fee is included in the total cap cost (might vary state to state).
    Also, the lease initiation fee is one of those things you won't be able to negotiate. Therefore, it will be in addition to whatever selling price you negotiate.

    Bill G
  • msuwmsuw Posts: 5
    I've been reading a lot of great information on this site and I want to purchase an EXL at the end of the month. I plan to use the steps outlined by Brian on this site. I have some questions that I hope someone can help me with. I live in Michigan about half way between Detroit and Chicago. How do I find out what dealerships within 2 hours of me are high volume dealerships? I hope to get a price at least $1500 below invoice ($26399-1500 =$24899). Does anyone know if that is doable in my area? Does anyone have any experience in purchasing a Honda in the greater Detroit area? Is there a dealership that you can recommend?
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    Try emailing these dealers in Chicago letting each dealership know you would be willing to take the trip out to them if they agree to your asking price. Your email or calls must also ask for dealerships doc fee charge, and any incentives they have like Flex cash if you finance thru honda.

    The honda superstore of joliet
    Valley honda
    Ed Napleton honda
    Honda of Grand
    McGrath city Honda
    Carrs honda
    Contienetal Honda
    Fletcher Jones honda

    Here are a few in M.I.

    Betten
    Lafontaine
    Suburban
    Honda of ann arbor and Grand Blanc
    Ferndale
    Art Moehn Chevy/ Honda

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

  • msuwmsuw Posts: 5
    Brian, thanks for the information. When I email the dealerships, do I need to know the name and email address of the internet manager or can I just send an email through the "contact us" section of the dealership website?
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,424
    edited August 2013
    If you want a general response with pricing and the standard dealership B.S. go that route. I dont advise it. you want to buy this vehicle as quickly as possible
    This is the right way to proceed in your negotiations with out of state dealerships.

    Call each dealership... Ask the phone person who answers you need the Name , direct number, and email to the internet sales manager and there office. Once you collect all your info from each dealership start with either emails or direct calls to each mgr. If any dealership wont discuss pricing over the phone or internet just move on and discard that dealership. Any manager that gives you his associate to deal with.. negotiate thru them . At some point he/ she will have to make a decision on price with you. When you negotiate all your leverage, and buying power with these dealerships getting your target price will lie by letting each one know.

    I will buy today for this price/ holding this sale with a credit card deposit til i get down to you.

    i find by going in strong with... This is my price to buy i knock out all the weak dealerships leaving only the best to deal with . Get rid of those dealerships right away they are useless to you. If you play stupid you get treated stupid. If you negotiate with the power of knowledge and know your pricing your efforts will be rewarded with the right dealerships. A good dealership that sells cars and is internet friendly will identify you and do there best to earn your business. Game playing dealerships will just string you along. Get rid of them quick.

    This kind of buying falls right into my wheel house. i have bought this way in many states it works. I start this process the last days of the month.
    I would suggest you start a little sooner than me . 3rd week for emails, last 2 days last day for the sale.. unless you get your target price sooner.

    Good luck

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

  • bluemkn57carsbluemkn57cars Posts: 242
    edited August 2013
    The 2014 Accord Coupe should go on-sale today followed by the Accord Sedan on August 22.

    Feel free to read the official press release from Honda with pricing info, etc: http://www.honda.com/newsandviews/article.aspx?id=7343-en.
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