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2013 and earlier-Honda Accord Prices Paid and Buying Experience

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Comments

  • Having the same issue here. Family Honda in RSM CA adds $1000 to the sticker for wheel locks, mud flaps, and trunk tray and act like they're doing you a favor selling you the car at MSRP. Then they will try to sell you on dependability and resale value, then offer you crap for your trade in. Couple of other dealers in the area do the same.

    Case in point: Looked at swapping my '06 Accord LX-V6 sedan for an '07 Odyssey for my wife. Accord is dark gray, has moonroof 17" EXL wheels, top audio, pretty much everything an EX-V6 has except fog lights. 16 months old with only 12.5K miles. Paid $23.5K, guess what they offered for trade? $14,000.

    So Family Honda, why should I buy a new Honda when my current one (according to you) has lost almost 10 grand in value in one year? I know, I know, never trade in a vehicle (and I don't), but I was just curious to see if they were in the ballpark.

    Honda will be very lucky to keep this customer with their current sales practices.
  • I finally closed the deal on my 2008 EX 4-cylinder automatic transmission sedan!

    $21,770 including splash guards and pinstripes. $635 for delivery and dealer fees. $22,405 before taxes, registration and title. $24,000 OTD (including taxes, registration and title).

    The engine is smooth and powerful for a 4 cylinder. Suspension and handling are great. The new interior and exterior are nice, although I wish the cloth on the seats looked "tougher". If I had the extra money, the EX-L interior does look sharp!

    The first thing I would change would be to slightly reduce the amount of power steering assistance, to provide more road feel and feedback. Road noise on the highway is a bit more than I expected, maybe due to the stock tires?

    All things considered, a great car, and solid value. Looking forward to years of safe, fun, reliable and happy motoring! Thanks to all for your assistance in my purchase process. :shades:
  • nkvnkv Posts: 20
    Not sure about their honesty or sales practices but you can look up Coral Springs honda dealer close to Miami. I think they are about 150 miles from Ft Myers. They have close to 250 '08 Honda Accords in stock. Great selection to choose from at this time vs most other dealers have hardly enough inventory to cover all trims. Internet price request yielded invoice price from them but they had about $550 dealer service fee. Still a great price considering how highly these cars are sought after at this time and how close to MSRP most dealers are trying to sell them. Good luck.
  • holewholew Posts: 71
    $550 over invoice does not sound too bad considering the 2008 Accord is a new model and obviously a hot seller.

    Some dealers add ADMs to the lest price just to sucker a buyer into thinking they are getting a great deal when the price is lowered by $1000 or more. Dealers which add ADMS to list prices are dead in my book. There are too many excellent dealers out there to bother with such tactics.
  • rumc3rumc3 Posts: 31
    I don't know how much experience posters have had buying cars, but the last time I went in to negotiate on an Accord (EX V6 w/Nav, in '06), the guy dragged over the Sales Manager and I had them taking $4500-$5000 off MSRP. (can't remember exactly, but never bought because we got hung up over trade-in...$500 apart)

    Remember, INVOICE is meaningless...dealers know you know what that is....it's DEALER COST that's important.

    If you can wait awhile for the '08's, and be a hard bargainer, you can get a much better price. Dealers all want big bucks when there's an upgraded model just out.
  • gssethigssethi Posts: 25
    I purchased from Honda of Oakland. Dont deal with any of their salesperson on the floor.

    Ask for "Tina" from Internet Department at the front desk and stay firm on the price of 21.6k-21.7k.

    I played a different strategy. I went in looking for the 2007 Accord SE V6 and told them 18.5-18.6k for it (they were willing to sell it for 19.2k). Then I looked at the 08 and told them 21.5k for that.

    I told them that I would take whichever one could get me my price but was more happy to get the 08.

    If you want to have no hassles and just get it for 21.7k, just tell that that "Gundeep" referred you to them and you wont pay a penny more.

    Also, regarding financing, make sure you go in with some alternative financing to negotiate with. First they offered us 6.49% through AHFC(my fico was 783) and I mentioned my Credit union which was offering 5.6%. Magically, AHFC offered 5.74% immediately :)

    I think 08 Accords have 0% APR right now (till 10/31) if you finance less than 15k for short term ??
  • I do not believe this is the case. The subprime mess will cause the recession. The fair market value for this 08 EXL V6 is $24K and manufacturing cost is about $12K.
  • sodaguysodaguy Posts: 71
    Manual or Automatic Transmission?
  • bdeabdea Posts: 5
    Many Thanks .... I hope your Dad enjoys the new car! Great Forum ... Always fun and informative!!! :) :) :) :)
  • gssethigssethi Posts: 25
    Automatic Transmission
  • jb_turnerjb_turner Posts: 702
    21K is a bit high for a 07 EXV6.. shop around and get it at a lower price.
    Now why should we tell "Tina" that gundeep sent us ;)
  • jb_turnerjb_turner Posts: 702
    "The fair market value for this 08 EXL V6 is $24K and manufacturing cost is about $12K."

    It is my understanding that the manufacturing cost for an 08 EXL V6 is $12,900.
  • Found an 07 SE V6. Local tax is 7%.

    The out of door price is around 21000. Is this a good deal now? Any possibility to negotiate a few hundred bucks down?

    Thank you very much.
  • gssethigssethi Posts: 25
    You dont have to. I dont work for any car dealership. I was just a customer to the dealership.

    You can just mention my name so that the dealer knows that you are not going to pay anything more than 21.7k price range (b/c then they know that you know the price they are willing to sell the car for). Helps in saving time.

    for the 07 SE V6, Best quotes I got were 19k against my offer of 18.5k... 19k + TTL(~10%)=~20.5-21k range OTD
  • Just got back from the dealership...

    Went there to see what APR I can get. They said 8.14%, I told them I got 6.69% from a Credit Union, so they gave me 6.4%...

    Nothing set in stone just yet, but I DID PUT A DEPOSIT ON THE V6 for now...

    They gave me the option to go to a LESSER ACCORD COUPE if I want to...

    So in the meantime, I'm deciding whether...

    ...I live TIGHT, but do-able, with the V6...

    ...live with some cushion with the EX-L 4 Cyl....

    ...or save $$$ with the EX or LX Coupe.

    Now laugh if you want, but since no one was budging now, I will get it, which ever one I choose, at MSRP... No Invoice price, nothing less than MSRP, the price I pay for getting it now.

    We went by the V6 Coupe, so my Drive-Out is... $30,950, $609/month

    If I go EX-L 4 Cyl. Coupe... $28,450 Drive-Out, $560/Month

    Now... let me have it, your opinions....
  • gssethi, thank you. Sounds 21000 for 07 SE V6 is only a soso deal.

    I do know much about car. Is the configuration of any SE V6 the same? If I take this deal, anything I should pay attention to other accessories and warranty? Is the warranty for all Honda car the same if I do not buy extended one? How many years, how many miles. Thank you.
  • holewholew Posts: 71
    Invoice price is not entirely meaningless. It does give one an idea of a lower starting price from which to bargain.

    Last year I visited a Honda showroom just to get a booklet. Instead of the salesman merely handing me the booklet he asked for my name and telephone number. Then for days there after he kept calling and made all sorts of outrageous claims on how he could save me over $10,000 on the purchase of a new Honda Accord. Since I knew that the list price was about 9 to 10% above the invoice price there was no way he could discount an Accord by $10,000 or more. Some people might have believed this but in today's market most car buyers are sophisticated enough to know within $500 how much of a discount a reasonable dealer can make.
  • gssethigssethi Posts: 25
    Only one dealer was willing to accept my 18.5k offer on 07 Accord SE V6. The lowest any other dealer got was 19.2k. Add TTL(10%) to ~19k = 20.9k. So 21k OTD is a very decent deal (will be really hard to go lower but I dont really think much about $100-200 when buying a $20k item - thats why I let my dad pay $200 more since he was happy)

    with Honda, any SE V6 will be the same. The only differences are colors (external and internal) but right now, for 2007, you can only pick what is left.

    You will probably not need any extra accessories. Might want to look at the Alarm but again, car should have keyless entry and anti-theft device installed by Honda.

    Regarding warranty, the original 3-yr/36k warranty is the same for all cars. I think that the max. Honda offers is 7-yr/120k. Again, a car can break at any time (whether it is Ford or Honda or Toyota or BMW etc). Extended warranty is little bit peace of mind. Our older 2001 Accord had a transmission problem at ~80k miles but was covered under Honda warranty b/c of known problem on transmissions on that model year. Taking extended warranty is your choice, i cant give any input on it.

    The only think that I would tell you to be wary about are:
    1) Documentation Fees / Dealer Fees. Make sure that this is <$60. Anything higher and just walk out. We paid $55 for ours which I thought was on higher side. (I only paid $30 last year for my G35 and that was an infiniti dealer).

    2) Finance/Interest Rate. As mentioned earlier, make sure you have some alternative financing (credit union etc.) or know the numbers. Dealer will give you a high APR first and then when you will counter it with your own Financing, they will magically bring it down (happened with us)

    I say, take 20.5k-21k for the SE V6 OTD and enjoy the car (especially if you can get the color combination you like). Its not worth it over couple of hundred dollars and then get a car with a color combination you dont like (One of the reasons we didnt get the 07 was that the colors we liked were sold-out) and the dealer that had the color was not willing to go lower. (Be flexible with the color when negotiating pricing but after deal is done, only then choose your color)
  • You are taking-on more debt, falling deeper in the trap if you buy this new car. I would keep your existing car until you have paid-off the credit cards. Pay down your highest interest credit card first followed by the next highest interest and so-on. Pay them all down to zero before you take-on more debt to own a depreciating asset.

    I had a finance instructor for one of my MBA courses and he always buys used cars. He demonstrated that over a lifetime with the money saved and the power of compounding, you can accumulate several hundred thousand dollars by the time you reach retirement age.

    I don't know if I am willing to buy only used cars, but I drive my cars as long as I can to minimize depreciation losses. A car depreciates about 20% each year, and the biggest loss occurs the first year. For every year, the depreciation is less on the declining balance. I am still driving a 1996 model worth $4k at best. If I keep it another year, I only lose $800 in depreciation. When I buy a $25k vehicle, I will lose $5,000 to depreciation the first year. I have now saved-up enough money by keeping my vehicle 11 years ($400 x 12 months x 6 years) to pay cash for a new Accord if I choose to.
  • holewholew Posts: 71
    Hi hwilljr88:

    Have you dealt with Pohanka before? How much of a discount did you get? What was the final price paid before taxes and destination was added on?
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