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Honda Fit Prices Paid and Buying Experiences

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  • Kirstie_HKirstie_H Posts: 10,896
    A reporter from a national newspaper would like to speak to consumers who have downsized their vehicle in the past year . If you moved from a larger vehicle to a smaller one, please respond to ctalati@edmunds.com with your daytime phone number by Thursday, October 16.

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • I've just started my search for a Fit. Which dealer was willing to go $550.00 over MSRP? In my limited quest I found that one dealer in Burien was not doing the Costco pricing because Costco was negotiating for $2500 over MSRP (if you can believe that) and their dealership was willing to sell for $1000 over. Nice.
    When I applied for the Costco program I received a response from a Bremerton dealer inviting me to come on down. I've since asked them what their negotiated price with Costco is. I'm waiting for their reply.
    The Lynnwood dealership had a $2000 plus mark up on the window stickers. When I inquired about the high mark up, the car salesman said that because we have cars on the lot you may be able to get a base (the one I test drove) model for $500 over MSRP.
    Which dealers have you looked at?
  • Featured Question 2 - Lease Rate for 09 Honda Fit
    October 7th, 2008 by G
    One of my readers, Crystal from Northern California, recently emailed me requesting lease rates for the 09 Honda Fit. As some of you may have noticed, the Honda Fit isn’t on the list of promotions under the Honda website. A good reason for that is that the Fit is selling rather well due to the high cost of gasoline. In some parts, I am hearing a whopping $2000 over MSRP, but most sell it for about MSRP. Now, I don’t have lease rates for the Fit right now, nor have I come across it since I started this website. I have been rather unless in terms of helping Crystal out here, so I am hoping that perhaps any of you reading this blog have had any luck getting a hold of these rates.

    Here’s what Crystal has been able to find thus far:

    ALL for 2009 Fit Sport, AT, 36mo, 12k/year

    Dealer #1
    MF=0.00280 residual value 64% with 36 months

    Dealer #2
    MF=0.00310 residual value 64% with 36 months

    Dealer #3
    MF=0.00280 residual value 64% with 36 months

    Dealer #4
    MF=0.00280 residual value 64% with 36 months

    The consensus seems to be 64% for the residual and .00280 for the money factor. However, I am not sold on the money factor being .00280. For a 36 month lease, Honda seems to use .00270 as their “Super-preferred” rate, not .00280. That is the case with Acura as well. Then again, .00010 isn’t exactly a major markup either, so I don’t see why they would bother to mark it up so little if .00270 was indeed the case. There is also an outside chance that the rate could be .00255. If there are any readers who can help confirm this, that would be great.

    Many thanks in advance.
    http://www.ridewithg.com/index.php/2008/10/featured-question-2-lease-rate-for-09- -honda-fit/
  • If you waive the security deposit, the MF increases to .00280 from .00270.
  • adamnjadamnj Posts: 4
    Ditto...I'm in the market and would appreciate knowing who this dealer was.
    Thank you.
  • Report in San Francisco Bay Area:
    Dealer we try :
    -San Francisco Honda
    -Honda of Serramonte
    -Grace Honda
    -Mike Harvey Honda
    (people , welcome to report your result)

    I just got my Fit SPORT , AT @ MSRP=$17580

    I told my friend to stick to the point at MSRP , he also got MSRP $17580 for Fit SPORT , AT , after 2 week , 2 visit.

    He also lay out these facts to the sales manager :

    Auto sales plunge as credit crunch hits
    Wed Oct 1, 2008 7:53pm EDT
    WASHINGTON (Reuters) - Major automakers reported plunging U.S. sales for September


    The 26-percent drop in industry-wide auto sales was sharper than expected and coincided with a crisis on Wall Street that automakers said rocked consumer confidence and made it harder for remaining shoppers to finance vehicles.
    Sales were down 24 percent at Honda Motor Co, 32 percent at Toyota Motor Corp and 37 percent at Nissan Motor Co. Chrysler LLC sales were down 33 percent.

    Silicon Valley car dealers shut doors
    OWNERS TRY TO SELL DEALERSHIPS,THEN GIVE UP AND WALK AWAY
    Article Launched: 10/02/2008 10:04:49 AM PDT


    At his dealership in Los Gatos, John Moore sits, both literally and figuratively, in the middle of a depressing time for Silicon Valley car dealers.
    Moore Buick-Pontiac-GMC is a three-generation, family-owned dealership on Los Gatos Boulevard. To the store's right are the remains of Swanson Ford, which closed in 2006 and was destroyed in a fire on Sunday. To the showroom's left is Los Gatos Chevrolet, which locked its doors for good on Tuesday.
    "Two years ago, I was saying I never saw business conditions like this," Moore said. "Unfortunately, car dealers are the most optimistic entrepreneurs in the world. We keep hoping it's going to get better, but it keeps getting worse."
    Perhaps a dozen San Jose-area dealerships have closed in the past few years, including Silicon Valley Hummer, Stevens Creek Buick-Pontiac-GMC, Sunnyvale Dodge-Chrysler-Jeep and Sunnyvale Lincoln-Mercury this year. Smythe Volvo closed one location on Capitol Expressway Auto Mall, but another Volvo store remains open on Stevens Creek Boulevard.
    "These stores are closing, not selling. That's what's amazing," said Shaun Del Grande, a longtime Valley dealer with Mazda, Suzuki, Hyundai and Volkswagen franchises. "There's not even a market out there."

    Bay Area Loses Three Car Dealerships in One Week
    KCBS, CA - Oct 2, 2008


    SAN FRANCISCO (KCBS) -- Three Bay Area car dealerships went out of business this week, and the pile-up is probably not over.
    Good Chevrolet in Alameda, another Chevrolet dealership in Los Gatos, and a GMC dealership in Colma all either closed, or announced they would be closed before Friday.
  • Last summer I talked to a guy that just bought a new civic. He wanted a new fit but the salesman told him all Honda dealers get just 2 fits a year. I didn't say anything but I thought the Honda salesman was being untruthful. I have heard that a very few are. Can any one tell me how many Fits are built this year and how many Honda dealers there are? Thanks. Wayne
  • Good luck bachmann in your search for a fit. Which trim were you looking for Base or Sport, Auto or 5-Speed? Costco negotiates their deals with the manufacturer, so if it remains a hard to get car in the marketplace, dealers will hold their profit margin. Costco is a buying service and a good one, but on certain cars, it is not any better than you negotiating your own best deal. Most dealers, don't have the inventory in surplus, so many times the fits will drop in the morning off a truck, and be sold within a few hours. I believe, I can assist you, if you contact me. Good Luck!
  • http://www.autotrader.com
    will tell you how many the dealer have ....
  • Indeed, Autotrader is one of many online sources to surf dealer's inventories. Unfortunately, it is not real time, as dealers sell Fits daily, that are still posted on these sites. If you want accuracy, go to a Honda store, and touch the car, to confirm availability.
  • cd3334cd3334 Posts: 1
    I'm going to purchase my first car and went to my first dealership yesterday. I am getting $5000 for my trade-in and they are pricing the 09 Honda Fit Sport 5 Speed MT at around 16,000. AFTER subtracting my $5000 for my trade-in. Resulting in a total cost of around 20k. I have no accessories and it is base. Can someone tell me how they would come up with this price in the first place and my instant suspicion is that they are trying to screw me. The car is going to be moved from a dealership around 5 hours away since the dealership I went to didn't have it in stock. They are going to give me the chance to inspect it before signing any paperwork etc.

    Any advice or help would be appreciated.
  • sell your car yourself
    walk in with cash and your own financing.
    dont buy any extras.
    you are a fresh fish out of the water dot get cooked.
  • Kirstie_HKirstie_H Posts: 10,896
    A reporter is interested in talking with owners of a 2009 Honda Fit. If you are interested in commenting on your experience, please reply to jwahl@edmunds.com no later than Monday, November 3, 2008 and include your city and state of residence, the model year of your vehicle and the age of your child/ren.

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    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • ellenocellenoc Posts: 25
    If I'm reading your message correctly, that would mean you are paying $21,000 for the car, which is very high. If your trade-in car isn't really worth $5,000, the price may be less. For example, if your trade is really worth $4,000, you're paying $20,000; if the trade is worth $3,000 you're paying $19,000, etc. My Fit is an '08 and I haven't spent a lot of time on '09 prices, but I think your price ought to be more like $17,000 for the car you're looking at if it's really a Sport. (You use the word "base" to describe it later in your message.)

    Before you visit any other dealers, do some research on pricing at Edmunds so you have an idea what you should be paying for the Fit. You can also research what your trade-in car is actually worth (to the dealer, not to a private party). Then if you don't want to sell your trade-in car yourself, I think the best procedure is to go in to a dealer, tell them you won't be trading anything, negotiate a price for the car, then "change your mind" and ask what they'll allow for your car in trade. There are good "how to buy a car" articles in some of the car magazines and on the internet.

    It's all a balancing act. What good does it do you if they're generous in the trade allowance, if the price of the Fit is too high? What good does a low price on the Fit do if they're only allowing half what your trade is worth? It's the combined effect of both trade allowance and new car price that matters to you. Also keep in mind that everything except taxes and licensing costs are part of the price of the car. So if you want to pay MSRP and the dealer supposedly gives you that price and then on the paperwork there's a "dealer's fee" of $600, that means if you buy that car, you're paying $600 over MSRP. Which is fine if you're willing, but don't believe "everybody" charges that $600 or they "have to" charge it, etc.

    Good luck.
  • $20,000 is way out of line. I have an 07 Fit Sport 5 speed MT that I paid $16,200 out the door which included three accessories. I'm going to sell it and buy a new 09 Fit Sport 5 speed MT which I will pay around $17,300 out the door with no accessories. Note, 5 speed MTs are hard to find. Good luck.
  • My guess (and it's just a guess) is that is the total cost after all payments plus down payment. So you would be about $20K after 5-6 years of financing. My guess is six years given it's your first car and you're trying to keep the payments low.

    Othwise, don't do the deal.
  • rlh2rlh2 Posts: 11
    One more dealership to add to this list: Power Honda in Valencia, CA.

    Recently purchased a Silver '09 Fit Sport with AT & NAV at MSRP. Experience was very positive.

    Excellent features, fun to drive, great mileage, family loves it :)
  • kenbtkenbt Posts: 33
    Getting an MSRP deal in So Cal is nothing...

    I know it is easy to get below MSRP in LA Area...
  • rlh2rlh2 Posts: 11
    Below MSRP with NAV? Experienced many dealers with ADM or MSRP with 'mandatory' purchase of dealer-installed accessories or other 'extras'.

    Glad to hear good deals are available.
  • mhua79mhua79 Posts: 1
    I just bought my 2009 Honda Fit Sport last night. I LOVE it! I got it in Milano Red, no navi, they threw in wheel locks, pinstripes (which I didn't want, but not a deal breaker), and those shields for the rim right above the wheel area. No hassles. They tried to upsell, but not super aggressive when they saw I was firm. Paperwork was fast - about an hour.

    I paid $16,975, added fees and tax, out the door of $18,572.19.

    This is at Pacific Honda in San Diego.
  • Seeking prices for a 2009 Fit Sport MT. MSRP is $16730 incl dest.

    The best offer I have received is $16,683, inclusive of all fees, but NOT including taxes. I have a small handful of offers within a few hundred $$$ of this price.

    It would appear that a few dealers in my area (Alabama) are willing to accept a couple hundred dollars below MSRP, fees included. Most of the dealers will not go below MSRP plus their fees (~$17,000 or more).

    MT's are hard to come by, too. I have only found one dealer that had an MT Sport in stock. Luckily, it was in my hometown and I was able to test drive it Saturday. I plan to go for best and final offers from the lowest bidders this week and close by Oct. 31st. Out-the-door should be ~$17,300 or less.

    Will update as things progress.
  • Hi, can you tell me which dealer you purchase your Fit Sport Automatic at MSRP price? I plan to purchase the same vehicle and don't want to pay anything above MSRP price.

    Thanks,
    Phillip
  • i ordered my 09 fit sport in storm silver metallic from a dealer in northeast ohio. to be clear, i did not "deposit" on a car, i actually special ordered it from the factory just for me. I placed the order on sept 27, 2008, and picked it up exactly one month later with 2 miles on the odo. I also deposited $500 when i placed the order, which is a pretty standard dep amount.
    before i ordered the car, i requested quotes from several area honda stores and told them that i was doing so. since a honda's a honda, i decided that i'd buy from whichever was the cheapest, but i wasn't gonna pay over msrp, as many buyers were doing. the lowest quote was from the furthest dealer. i really wanted to stay closer to home, so i went back to the closest dealer and asked them to meet the lowest price and the did and i ordered the car from them.
    i paid $18100 otd for my sport manual, including armrest and floormats installed, which is about $100 below msrp. personally, i only deal in bottom line out the door prices. so when you're requesting quotes, it's a good idea to ask for an otd price (incl all fees and taxes), so you can compare apples to apples. also, get it in writing and ask how long the quote is good for, so that when you go back to place order, there won't be any surprises.

    hope this helps!

    don
  • paid invoice instead of msrp for 2009 auto fit sport (msrp: $17,580, i paid $16,980) in chicago. :)
  • i think its important for everyone to be sure that they are using their TOTAL price paid when showing prices on here. i think we all know how creative dealers can be with fees to make it seem as though your getting a good deal. so in order for us all to be on the same page, please include ALL fees that you paid as well as the cost of your 2009 fit. taxes are a bit tricky, since every municipality has a different tax rate. the best way to deal with that is probably to list everything itemized. my car was purchased at classic honda in streetsboro, oh. it's a 2009 fit sport manual w/ armrest and flr mats in storm metallic. these are the numbers directly from my invoice...

    09 fit spt manual w/ armrest & flr mats.....16800
    doc fees................................................200
    license plate fee.....................................25
    taxes....................................................1092
    TOTAL out the door................................18117
  • mappomappo Posts: 12
    Driver's armrest is a standard feature on the Fit Sport, isn't it?
  • there is a larger armrest with storage that's available as an accessory ($240).
  • Hi my name is chris and I live in Chicago and am shopping for a Fit. Could you tell me the dealer you purchased from? I have gotten the same price from three dealers, 16,020 for a fit base with automatic. I have my own financing and no car to trade. Yours sounds like an excellent deal. If I could get the sport with auto for 16,980 I think I would go the extra cash.
  • i got it from mcgrath in the city. i don't think they would normally give you this price, you have to go in at the right time. i went at the end of the month and they are trying to meet their quota so they are more willing to negotiate. also, i was not in a hurry to get a car and my attitude is that i will buy a fit, but only at a price i want to pay. i got quotes from over 10 dealers, so i know when i get a good price.

    to someone who asked about if there are any extra cost. there isn't. it's pretty straight forward, i got it at the invoice price with all the normal taxes and fees.
  • The Honda website says that the armrest accessory can only be had with an automatic transmission. Was your dealer flexible on this?
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