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Comments
Rob
Rob
2009 Honda Accord Sedan EX 4 Cyl. Black/Black
$600 Down (including 1st Months Payment)
$315/month including tax
24 Month Lease
I think I made out pretty well on this car and so far the car is great to drive. I'm very happy with the new Accord, the car is 10x better than the previous model.
They tried to sell me the protective coating, side guards for the doors, extended warranty etc, I declined everything, Dealership and sales guy was A+++, no pushy, knowledgeable and directly to the business. Negotiation was basically over the phone before I went to the dealership
it even lower, but I did not try harder enough. The sales man just
gave me 19200 after talking with me and his manager. l insist on 19000
OTD then after 2 minutes talking with his manager, they agree on this. So
I think if any one try harder enough, maybe you will get it 18500-18800 OTD.
(sales price is about 17500-17800 + TTL).
I finally got 19000 OTD at Crown Honda at wendover in Greensboro.They accept my
offer after 2 minutes talking with the manager, I did not have a chance to face the
sales manger at all. So I figured that you can ask for even lower eg: 18600 OTD just try to negotiate harder and you will see what price is the bottom line that
the sales manager will come to talk to you. Obviously 19000 is not their bottom line based on my experience.
And you know this how?
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
1) Honda is offering $1500 "marketing support" on Accords until July 6. This apparently can be used to allow dealers to offer prices below invoice:
http://www.edmunds.com/advice/buying/articles/78386/page002.html
2) Dealer holdback on Hondas is 2% of base MSRP at all times. This can be used to inflate the invoice price:
http://www.edmunds.com/advice/incentives/holdback/index.html
As the second article makes clear, dealers sometimes have additional methods of making profits below invoice, but this information is not available to the public. My recent experience buying an Accord EX Sedan w/AT shows that two dealers in my area were willing to go $2,338 below invoice. According to Edmonds' figures, the combined holdback and marketing incentive on this model was $1942, but two dealers went an additional $396 lower (Invoice=$22,838, Edmunds' TMV=$21,719, Actual price paid=$20,500). A third dealer was only willing to go $1677 below invoice because he told me that it was not "economically feasible" to drop the price further.
The conclusion is that information freely available on the internet can explain most, but not all of my discount below dealer invoice. Since dealers have additional mysterious wiggle room or currently are willing to take losses, my advice is to bargain hard with multiple dealers to find the true TMV in your region. Some Honda dealers faced with a bad economy and lots of competition have an oversupply of 2009 Accords. They are looking to make deals well below invoice before the arrival of the 2010 models.
#2 - I know. What you fail to mention is that the holdback is 2% when the vehicle is floored. The longer it sits the less the hold back At 90 days of sitting on the lot there is no holdback
The subject wasn't how dealers can go below invoice for pricing. The subject was the urban legend that car dealers don't pay invoice for their cars, that they have been conning us for years and still to this day their secret is safe.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
http://www.fueleconomy.gov/feg/bymanu.htm
$22,393.00 Includes Destination Charge
+ 498.50 Decklid Spoiler installed=22,891.50 Sub Total
+ 587.00 Processing and Prep fees
1,713.93 Sales tax - TN 7.3%
3.00 Lemon Law
$25,195.43 TOTAL
What do you guys think?? am i getting a good deal?
http://www.autoobserver.com/2009/07/led-by-surging-ford-june-sales-ratcheted-rea- ssuringly.html
thanks!!!
I had an OTD quote on the above car for around 24300. I was being charged 6% sales tax and it didn't include the spoiler (do you really need this?)
I hadn't started negotiating with them so they may come down lower. This quote was received in the last week of June.
The dealer was Team Honda off Route 20. I can give the name of the person I spoke to if you're interested.
yah if you could provide the name to that would be helpful...thanks!
http://www.realcartips.com/2009-Honda-Accord-Prices
I was replying to the poster who found a deal in Atlanta.
The contact is:
Lynn Ossie, Team Honda, Atlanta.
Thanks.
Please help me out. I have just spent the whole day with dealers and I have settled on two possible cars. Honda Accord LX and Toyota Camry (base model). After bidding and bidding (its my first new car I'm ever getting). The dealer has come down to 20,900 OTD ($1000 down, before my trade in which is a mirage 2000). I have specifically told them that no change should be added to this if i chose to accept this (meaning no suprise dealer fees or the like). I am still shopping around. I am in Westchester county, NY. This is a brand new 2009 car. 2010 models come out soon. Does anyone have any experience in this county with the LX model? What are typical OTD prices for LX models in NY? I would appreciate all the help.
PS (the Toyota OTD price is 20500 (after trade in and $1000.00 down).
How much is your trade in worth? Are you aware of the cash for clunkers initiative starting around August time? However there some conditions. Check out CARS
Unfortunately, my trade in is only worth between 500-1000 dollars. I am also aware of the cash for clunkers bill but I have had the past luck and now present misfortune of owning one of the most reliable gas savers. The mirage gets me about 30mpg highway. It has a small tank but the bill does not cover tank size as far as I can see and read (I wish it did). Also the cash for clunkers timeline I believe starts this July and ends in september- http://www.cars.gov/
Just got a $20,000 OTD quote for a 2009 accord lx from a local dealer here in Greenbelt, MD. How do you guys think about this deal?
Have not talked with them about the finance rate yet, anyone knows the current finance rate for accord (36 month)? My credit score is around 700 I believe.
Thanks in advance!
make sure that their out the door breakdown is not based on you taking Accords discount (1500 i think) and then forfeiting the 2.9-3.9% finance rate. These deals are either or deals. I'm in NY and I just got a quote of 20900 for an Accord LX so yours is better than mine OTD. I ended up purchasing a Toyota 2010 LE for 20799 after all said and done. OTD was 20000 for my Toyota financed at 3.9% for 5yrs although by my calculations I will pay up in 2.5 to 3yrs. I had to forfeit Toyotas $750.00 discount. Goodluck! Please let me know how it goes. Experience will prepare me for next time.
PS: Remember you get an IRS return for all sales Taxes on New Cars. So in essence I have only paid about 19000. (I live in a high tax county)
And salesman said the 2010 Sonata will be a different looking animal with new tail lights and Genesis style grill...should be a real looker. At this stage of my life with my spinal issues, I now realize that I need a power seated car to drive pain free. Only reason why I've started to look again. Gotta felling that I might just end up with one of these 3 cars before the year is out.
The Sandman :sick: :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Be sure to use Edmunds TMV to check the values of both cars in your ZIP Code.
If you haven't already, you should price the specific car (trim level, color, transmission, etc) using Edmunds TMV (just go to Edmunds.com, click New Cars, Price w/ Options and follow the instructions). Once you get to the TMV summary, scroll down and you'll see the option to get quotes from various local dealers. It's worth a shot to let them all give you a quote! Can't hurt...
Just my two cents...
Just a note on your point on tax. You do not get the entire sales tax back. You only get to deduct it from your income, with the result, your net savng will be about 20-30% of the sales tax paid (depending on your tax bracket).
Just wanted to clarify...
Cheers,
Lax
After much research on this forum and a lot of email haggling with dealers in the Bay Area I finally I bought an Accord EX-L on July 3rd from Livermore Honda for $22,400 +tax & registration. The experience with them was pleasant. Previously, the best quote I had got was $22,700 from a couple of dealers - Dublin Honda and Hayward Honda. However Livermore enticed me with a better offer. I thought the price was fairly decent.
Now, I realize that I could have possibly got a beetr deal from Tracy Honda (20 miles east of Livermore) - Same price on car + $500 gift card from the city of Tracy. apparantly the city of Tracy are running a promotion to incentivise businesses in Tracy.
Has any one bought from Tracy and got the gift card? Also, what do you guys think about the price I paid.
Cheers,
Lax