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Comments
From purly conceptual point of view, for incentives to work as "incentive" they do *not* need to be available all the time. Having incentive available all month long is pure 'dumb'. They should be made available for brief period of time and then expire. Doing that will give the buyers and dealers a true comparison and provide the urgency to "act now". And it provides for dealers to make a good case to consumers to also act now and to say 'I told you so'.. like we saw some dealer in this forum saying a few days ago..
The April incentives have expired, and May incentives will likely be available after the 15th of the month, for the Memorial Day sales push. No matter how you look at it, begining of the month is really not the best time to buy a car. A better time is between the 20th and 25th of the month, when dealers are still hopeful to make their sales quota and are pushing hard to make sales.
I am not sure what is the sales tax in your state but still $17,800 OTD is good price for today (no extra incentive). In April the best deals for Civic Sedan LX automatic were between $16K and $16.5K OTD with 5% sales tax. If you are not in a bind to buy today, you may want to consider waiting for the Memorial Day sale.
If any of you find information on any new incentives and rebates for the civics in May, can you let me know. I appreciate it a lot.
I will wait and hope the prices go down in a few weeks.
Thanks
When you figure out tax on the car, (here in Florida is 6%), do you take it the percentage of the base price of the car of with every cost included such as dealer fee, tag/title, doc fees, etc?
For example:
Base price of civic times tax:
$16,623 x .06 = $997.38 which is the tax
then add all other fees.
or
Base price of civic plus dealer fee plus tag/title, doc fees:
$16,623 + $450 + $200 + $250 = $17,523
then add tax:
$17,523 x .06 = $1,051.38
Im not sure which goes first.
Thanks
Im not sure if you do the tax in the beginning or the end
Invoice Price...........: $ 16,818 .... for reference only
MSRP...................: $18,255
+ Destination........: + 670
-------------------------------------------
Sticker Price..........: $18,925
- Discount.............: $3,500 ...... total discount including any dealer incentives negotiated by buyer
- Trade-In..............: $ 0 ........... enter the value of the vehicle you are trading in (if applicable)
-------------------------------------------
Purchase Price......: $15,425
+ Sales Tax (6%)..: + 926
+ Document fee....: + 50
+ Tag & Title........: + 100
-------------------------------------------
OTD Price............. : $16,501
The OTD price here is what the Civic LX sedan auto was selling for in late April. Invoice price, MSRP and destination are $ figures determined by Honda. Sales Tax % and Title & Title fee are determined by the motor registration dept and will stay fixed. Doc fee is a dealer add-on fee and is negotiable. I have seen dealers pad the sale price by adding hundreds in dealer fees. The 'discount' and 'trade-in' value depends on what you negotiate with the dealer.
I have the file setup in a way that when I key in the price discount ($3500 in example above) everything else automatically updates. This is just a basic XL calculation I created years ago but it has helped me compare deals in buying several vehicles over the years. I hope this helps you. You can make any change to this format that makes it work better for you.
True government fees aren't usually taxed. (title, registration, tire tax, etc.).
Otherwise, it wouldn't be long before dealers would sell you the car for $1 with a $15,000 doc fee.. :surprise: (Florida dealers would be first in line..)
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Thanks!
-Mark
It is my first time to buy a car and this is my first post to the forum.
I am planning to buy 09 Civic LX auto and already contacted several dealers here in Maryland tru internet.
Best BASE quote I have so far is $15660 from Honda Pohanka.
I Just want to ask..
Do dealers change and increase base cost/offers if you have not so good credit rating or will they just give you higher APR?
Please help..
:confuse:
Just curious on what dealership you got coz I am also residing here in MD.
I am planning to buy Civic LX Auto.
Can you share the OTD and breakdown of the fees they charged?
Thanks
Does anybody know if Honda is going to offer some incentives later in the month?
I have seen really high rebates and cash back for other's such as Toyotas and Mazdas but nothing for Honda.
Also, does anyone know if there will be a huge sale for Memorial Day Weekend?
Thanks
See message #8208 for the details.
$18,000 OTD for a 2009 Civic EX (4dr, auto) no accessories....
Good deal / bad deal?
You've been offered $18,000 for a 2009 civic EX (4dr, auto) right now?
I think thats real good considering Honda is not offering any rebates.
Thats just my opinion.
What dealership did you get if from?
One more thing,
Do I really need to buy extended warranty for this car or is it very reliable not to get one? If so what coverage should I get? Any price range?
Thanks
If you decide to get one anyway, make sure it's one backed by the manufacturer (extends the regular warranty) and NOT from a 3rd party. The 3rd party warranties that they sell are often not worth the paper they're printed on. According to one CR report, the payout rate on 3rd warranties is less than 2% (of their total income). Often, they only cover powertrain components, too.
You minimize your chance of having mechanical troubles by choosing a car with a solid reliability record (Honda Civic is a tthe top of that list). The Honda warranty covers 3-years/36-months Bumper-To-Bumper and 5-years/60-months Powertrain.
I've owned nine Hondas (seven Hondas, two Acuras) and I've only had trouble with one of them. It was a '96 Accord, the camshaft seal failed 2k before the warranty expired, they replaced it. Then it happened again at 78k miles, because of the preivous failure, they covered it out of warranty. That was a fluke...I have a '93 Accord as a spare with 290k on the original engine (transmission replaced at 270k).
Save you money. Put $50 in a savings account instead of buying an extended warranty. In three years, you'll have $1800 plus interest. Enough to cover unlikely repairs and you get to keep the cash if nothing goes wrong!
You might even take a look at an '07 or '08 Certified Used Civic! They have a powertrain warranty from Honda for 7-years/100k miles from original in-service date...standard! Just a thought.
With what Honda is offering right now (not much), is $19,500 OTD for a 2009 honda civic EX 4dr automatic good or should it be lower?
Thanks
Honda has never had factory to customer rebates and probably never will. The rebate is yours regardless. How much the dealer incentive he wishes to share depends on his sales #'s in the area. Honda has always worked with dealer incentives (disclosed and undisclosed)
Good luck
--jjf
jfritsch,
You've been offered $18,000 for a 2009 civic EX (4dr, auto) right now?
I think thats real good considering Honda is not offering any rebates.
Thats just my opinion.
What dealership did you get if from?
About $800 or so is what you want for an average sedan for a 7yr/100kmi bumper to bumper extension. (for a car with 3/36 and 6/60000 mi powertrain warranty std.
About $1200 or so for a 4wd or vehicle loaded with navi,pwr sliding doors, etc... something in the 24000 range.
Good luck
-jim
Thanks for the advice bostonben.
One more thing,
Do I really need to buy extended warranty for this car or is it very reliable not to get one? If so what coverage should I get? Any price range?
Thanks
I'm guessing there will be more incentives towards the end of the month (Memorial Day).
I was thinking about offering around $18,300 for total cost of the car (including tax and license).
From reading advice here and in other places, would I be wise to wait until the weekend after this one for any memorial day sales/leverage since it will also be toward the end of the month??
One other thought from a friend of mine is that gas costs will probably continue to rise, making the Civic even more popular again....
Any advice you have about timing/price of my offer would be much appreciated! Also, if any of you have experience with this in Twin Cities, which dealer did you use?
Thanks much!
At the end of April was some real nice incentives and I'm hoping for something like that again. Do you guys think its too late in the month for Honda to offer anything or is there always still time?
Thanks
I've never bought a new car in my life, always thought it wasn't worth the extra cost. I could try to negotiate the used one down a bit but we're already $600 below sticker price.
Any advice? I'm currently driving a Civic DX 91 and it's still running great, but it's time for something newer...
They currently have $1000 Marketing Support on Coupes, $750 on EX-up Sedans and $500 on DX/LX/LX-S Sedans. Was it higher in April?
They still have 3.9% APR for 60-months (if qualified). That has been offered since 3/18/09 and expires on 7/6/09.
The Marketing Support is in effect from 5/5/08 to 7/6/09, so I wouldn't expect it to change before 7/6/09.
Edmunds shows the Invoice for the LX Coupe 5MT as $17,305. Subtract the $1000 Marketing Support and it's $16,305, which is close to their TMV of $16,497. Then you have to add the fees/taxes...so it sounds like it a pretty good deal to me.
I was just wondering what the actual dealerships you went to and what sales person you worked with? Im considering the drive to Sacramento for that price. I had the worst experience at El Cerrito Honda. They will lie and do anything to get you there, even if it means putting a quote in writing and then telling you once your there they cant honor the price...they would be losing to much money! I was willing to negotiate but we weren't talking about a slight "misquote" they had the audacity to ask for a 1K difference!
Good Luck!
Would it still be possible to get the qoute you previously received for this car. Or do you happen to remember the name of the dealer you worked with? If you could email me this info to j.mira@earthlink.net, I would really appreciate it. I'm considering the drive (I live in Marin) but really want to be sure that this is still something they can offer. Thank you!
This is also my first time buying a new car.
Could you please advise me any buying tips?
I just went to Honda dealership to look at used cars.
The salesmen told me if I were to buy a 2009 new Honda Civic, it will be $17200(including destination) for a sedan, and $17000 for a coupe.
Could you please help me where I should start with this?
I'm in NJ.
Thank you.
I am looking at used 2008 Honda Civic LX 4 dr sedan... Its pretty new and just 5k miles to it... I am getting it for 14k... Is it a good deal or should I go for a new one given the incentives involved???
I am also planning to buy Honda Civic/Accord,not decided yet. If one or more people join, we may be able to get better discount. If interested contact me thru PM.
I am in central NJ
Is $19,000 flat OTD a good price for a 2009 Honda Civic Ex auto sedan?
I live in Miami, Fl with a 6% sales tax.
Thanks guys