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I wasn't trying to be flippant. Far from it but if another local dealer called and wanted to sell us some Navi Crv's for invoice, we would be writing a check quickly!
Trust me, they do not make a couple of hundred dollars on a 25-30 K car. There is Holdback (2%), hidden incentives, and other bonuses attached to making more sales in a month.
I did not make a career out of purchasing a vehicle, I probably spent a net of 1 hour after work instead of watching TV or doing something else and probably saved 1-1.5K dollars easily. Now, I never said that a dealer is dishonest but there are ways of padding the bottom line: accessories, doc fees and warranties are just a few of them.
Now if you did not want to save some money then that is fine but I know a lot of people who would want to use their money otherwise than on a depreciating item such as a vehicle.
Supply VS Demand !
And when you go to finally sell your CRV you will enjoy the outstanding resale value.
And just so you know, holdback isn't profit. It ***helps*** pay for some of the flooring and other expenses. It doesn''t come close to what it takes to sell the car. Aslo, no incentive money on cars that are in short supply. No reason for them to do this.
When you say you saved 1-1.5K, do you mean at one dealer over another? Just curious. . .
I researched for 6 months before my purchase. I picked up my CRV EX-L 2WD this past weekend for $24,300. My rate was 6.24% for 72 months. I plan to keep this one!
j_ph, "Credit Scores and Vehicle Financing" #516, 4 Apr 2007 2:42 pm
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I need to do some damage control and know I'm going to take a hit. Should I sell ASAP (private party or sell back to dealer) while the car is still popular... or wait a bit? I have a sick feeling in the pit of stomach so pls be kind
(couldn't find a forum for after purchase issues so hope this is ok)
leather
headed seats
Nav
etc.
MSRP 28,000
Dest. 595
Extras 3,000 (floor mats, cargo mat, hub locks, pinstripe,
window tint, paint guard, scotchgaurd, mud flaps, fog lights, running boards) (already dealer installed)
72/100K warranty 1,325
Tax, Title, etc. 1,950
austin texas
bottom line, paid MSRP plus tax, title, warranty, got all extras for free
loan was 6.64 percent 63 months 5,325 down, 509 a month
talked to lots of dealers, best deal was 500 under msrp for AWD model. Figure all the extras were a better deal so I took it. San Marcos Honda was great, honored everything they said on phone they promised before I drove down, plus a few extras. AWD are hard to get in the south.
When I bought my first new car (in the Paleozoic Era), the good feeling lasted about six months.. The next car: Until the payment book showed up..
Now: Its over when we shake hands on the price..
Just drive the car... you might even learn to love it!!
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https://www.myhondawarranty.com/plans.php?action=step2&makeID=1&modelID=10&year=- 2007&mileage=100&stateID=44&plan_typeID=1&commercial=no&Submit=Submit
Good Luck.... MNF
If you are really serious about giving it back, I'm sure you could find a quick buyer. I would say stay with it. It's a terrific car.
We're looking at the EXL, AWD-- still going back and forth on Navi.
I'm looking for input on a target price (how much over invoice/under MSRP) as well as any feedback on the navigation, do people like it?
We haven't settled on a dealership either (obviously we'll work with several to get the best price) so if you have good/bad feedback on chicago area dealerships we'd appreciate it.
Thanks in advance!
Thanks!
Honda of lisle was the dealer that offered that price.
Good luck !
MSRP: $24,050
Destination: 595
Options.
Splash Gaurds: 63
Wheel locks: 54
Cargo Tray: 105
Sticker Total: 24,867
Total Price Paid (without tax or doc fee): 23,670
Actually bought it over a week ago but my bank made a paperwork error so the cheque was delayed which annoyed the salesman and made me re-think things a bit.
The car is wonderful, does everything it's supposed to do and then some. Those who have yet to get their CRV will be very happy when it arrives. Took me about 5 weeks to find it. I've already been stopped at parking lots by curious people who were impressed by it.
The buying process was arduous to say the least. I'm not used to being snapped at by sales people even though I was well prepared, polite and patient throughout the negotiations. It would be great if it was more like shopping at Macy's or Nordstrom's. You just know it's going to go on sale sometime soon and there's no haggling about prices or high pressure tactics + you can return it
I did get some great tips here so for the record, I live in N Calif and it is a 2007 EX 2WD (no snow here!) in glacier blue. Paid 22.2 + doc fee + tax/lic. OTD just over 24K (didn't want any extras, no trade in). Right now there are 190 miles. There was just one other EX 2 WD on the lot that I think was sold, a few EX-L AWD's w/navi were left.
Btw I spotted a red one on the freeway yesterday and it's a really good looking burgundy/cranberry color though it might get a bit hot if your summer weather reaches the triple digits. Also, the salesman was showing me various websites when trying to convince me to pay a higher price!!
They don't have silver color, when I ordered and I was told that I will get in 4 weeks, but they got it for me in 2 weeks. I am very happy, they did not bother me for loan etc..
Invoice $23,226
doc fee $395
+ Title and Ohio taxes
Total OTD =$25,293
I guess for 2007 CRV AWD EX-L it will be around $2000.00 extra.
pm me if you need sales person details.
leather
headed seats
Nav
etc.
MSRP 28,000
Dest. 595
Extras 3,000 (floor mats, cargo mat, hub locks, pinstripe,
window tint, paint guard, scotchgaurd, mud flaps, fog lights, running boards) (already dealer installed)
72/100K warranty 1,325
Tax, Title, etc. 1,950
austin texas
bottom line, paid MSRP plus tax, title, warranty, got all extras for free
loan was 6.64 percent 63 months 5,325 down, 509 a month
talked to lots of dealers, best deal was 500 under msrp for AWD model. Figure all the extras were a better deal so I took it. San Marcos Honda was great, honored everything they said on phone they promised before I drove down, plus a few extras. AWD are hard to get in the south
It is actually 12 months/40,000 mile warranty since every new Honda is covered by the 60 month/60,000 mile power train warranty on top of the 3 year/36,000 bumper to bumper.
My best advice is to research your vehicle. I actually averaged the prices paid on some forums to decide on a good price for this "hot" car.
I don't mind the dealers making a profit, but I doubt any are taking a cruise on the final deal. Good luck, my fellow consumers, and stick to your final price!
Glad you were able to get the same deal and the great experience at Don Jacobs as I did. Congratulations on your new car.
But here's my dilemma. That is the first and ONLY dealer i went to, and i didn't even do internet quote requests or anything like that. He said if i will sign right there and then, that price is good. But i got overly greedy, and left. My thinking was i could get a better price, i just have to attleast try a few other dealers. I was settling too easily for the first good deal.
Now i'm feeling really regretful, since i think i passed up a really great chance. I haven't gone to any other dealers yet, so can't be 100% sure on what i'll get. What should i do? Was that a good price, and should i call him back.
Just to make you feel better, why don't you send some request for quotes in your area using cars.com website, honda.com website is too cumbersome as you have to send out requests one at a time whereas cars.com is 3 at a time. Tell them exactly what you are looking for down to trim and color. Tell them that their price to beat is your OTD price. You will be surprised at what you will get, especially from dealers with your vehicle in stock ! You might even get a little price war betweem a couple of dealers in the MD-DC area.
Does anyone have a better price on this spec?
Invoice is 21846 including destination. You should be able to get it at 23000 easily if you find a dealer in MD. Try Heritage in Westminster and Parkville, they were great to deal with and their prices were hard to beat in other markets.
Some great dealers i highly recommend in the Washington DC metro area are:
Heritage Honda of Parkville
Heritage of Westminster
College Park Honda
They were unwilling to negotiate on the Holdback, but did give me invoice + reduced the processing and registration. And also if you finance with Honda they get a little kickback, so factor that in.
Overall, the internet research at Edmunds and the forum members are extremely valuable. I thank everyone sincerely for their feedback. Good Luck.
Considering that the wheel locks are about 30 dollars, the mud guards 40 dollars and the rack is 200 dollars from accessories stores you got it about 400 dollars off your previous lowest price. 23 180 OTD for an EX FWD is a great deal ! Congrats !
Again, there are good deals to be had in select markets you just need to find them using requests for quotes
Question #1: It came in with 360 miles on it. It alarmed me, but they dismissed it as unimportant, even though they didn't have an explanation. They suggested that maybe it had been dealer swapped before.
Should I even worry about it? I've never had a new car and I guess I had this image of being able to put all the miles on it myself, especially the crucial first few.
Question #2: I took it anyway, assuming my concern was unwarranted. I mean, it is a beautiful vehicle and was in perfect condition. However, when getting it out onto interstate speeds, I noticed a pull to the right. Is this bad news for a new vehicle? Or is that just something that needs to be adjusted sometimes?
Thanks for any help, and I'll appreciate your frankness.
Some people will probably try to scare you into thinking something sinister has happened here but I seriously doubt it. 360 miles is nothing.
Is it a "pull" of a "drift"? Most roads are crowned and cars will drift slightly. In any case, your dealer can easilly check your alignment.
I'm sure your car will be fine.
http://www4.law.cornell.edu/uscode/html/uscode49/usc_sec_49_00032705----000-.htm- l
I haven't seen anywhere that the federal government regulates what is considered new and what is used. I know that most dealers consider anything not previously titled/sold as new...
I think you have to make your own decision as to what is reasonable mileage on a new car. If I get to pick between 10 miles or 360 miles... I'll take 10!!
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We really have to watch some of our demos to make sure they stay under those 6000 miles.