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I've been eyeballing the 2008 Accord Coupe for weeks now, calling and emailing dealerships like crazy. This past weekend I got a call from one New England dealership that the car I wanted was in. (2008 Accord Coupe EX-L V6 with Navi in black). I went to this dealership on Monday (10/08) and got there about two hours before closing, saw the car, test drove it, and was offered a full $1000 off MSRP as part the holiday weekend sale. $1000 off on a brand new 3 day old 2008 top-of-the-line Accord Coupe! I would've been fine with paying full MSRP (as other dealerships aren't even budging)
I was ready to buy, when some lady customer came in to screw it all up!!!! She wanted the exact same car. The salesguy who was helping the lady kept bothering my salesguy about getting the keys to the car to let her test drive it. My salesman kept telling him that she was too late and that he got a sure buyer in me. I was about to sign a deposit check for the salesguy when the manager started to play BS & games with me. At first, he tried to change the price by claiming that the holdiy weekend sale of $1000 off the 2008 Accords was only for the sedan version. I pointed to the salesguy that the sign said "$1000 off 2008 Accords" not "Accord Sedans". The salesguy agreed with me and promised to stick with the discount no matter what. Then, when I told them I had prefinancing with a credit union, he said that the manager couldn't accept outside financing. The car was to be paid in full or be financed through the dealer if I wanted to leave with it. I asked the salesman if this was usual practice, and he said "no". They sell cars to people with their own financing all the time. However, he couldn't give me a reason why the manager wasn't letting me use my own financing. They brought in a credit application and basically gave me an ultimatum: either I finance through them or they were not selling the car unless it's paid in full. Obviously, I was pissed, let the salesman know that, and left. I could tell they wanted to give the car to the lady customer who was still inside the dealership when the doors closed. She was like a hyena, reading to spoil the kill of the lions. Ok, lame analogy, but whatever.
In truth, the lady probably offered more money or agreed to finance there. But it was unfair because the salesguy had already filled out the initial deposit agreement! This was ridiculous. Also, I couldnt help but think about the fact that I am a young Asian guy while the other customer was a middle-aged Caucasian woman. Whether or not the age and race cards were played, I was basically shoved away from buying the car right then and there.
I was angry, yet relieved at the same time. If these were the type of people I would be dealing with after having bought a car from that dealership, I think I'm better off without the purchase.
This dealership is Honda North in Danvers, Massachussets.
Once you had told them you wanted the car and you agreed to the price, the car should have been taken off the "market" and no one else should have been allowed to drive or deal on the car. If your deal had fallen through then they could once again offer the car for sale, but not before.
Dennis
You think I should be able to get the EX-L V6 Accord Sedan with deck lid spoiler for 27,695 OTD (6.5% tax in MN)?
I would love it if I could, but 1k off msrp is the best anyone has gone so far.
On a side note I noticed a lot more Camry ads locally since the new Accord came out - in particular they have some cheap lease deals with little down and low payments, just like Honda was doing on the 07 cars just a few months back. I guess the new Accord is flavor of the month and Camry sales are slowing - just like Accord sales did when the Camry re-design came out (and everyone new the re-do on the Accord was coming).
Dennis
Wait until late Feb 08, last two days of the month, better if it is raining/snowing. Then go to the dealer about three hours before closing and make your firm offer.
I have purchased most of my new vehicles in this way. This also usually avoids any offer-counter offer ect.
Good luck to all and stay safe.
jensad
I have had friends at dealerships tell me Jan and Feb are typically slow months and inventory is good. People are paying off Christmas bills and getting ready for Tax Time. March and April pick up once people start cashing in their Tax Refunds and the warmer weather brings out the shoppers.
It could be that the closed to the end of the model year they get the more motivated they get to move cars, or it may be that the net effect of slow sales at the start of the year nationwide causes the days supply of cars to rise and by the time it hits spring Honda has way too many cars on hand and has to offer nice dealer incentives to move them.
So the dealer is motivated to sell when they have a slow month, Honda gets motivated the next month (or two or three) after all the dealers report slow sales and they have kept building more cars. So waiting until Honda has dealer money would net you a better buy that just waiting for the local dealership to get hungrier - so maybe an extra month or two after would net the better deal.
Based on watching the prices and incentives, I would say waiting until March or even April would net you a better deal - waiting until Honda kicks in with dealer money AND the dealers are willing to make better deals.
Dennis
Got my original quote of $27409 from Open Road Honda. I was then matched on that price from VIP Honda. I believe invoice price is $27404. In both instances, i spoke to their internet quote coordinators. The Open Road salesperson was awful. I'd give you names if this board allowed it. OPen Road is no at $28,409 for that same car... Best of luck with your search
In any case, if you paid $27,409 + $635 and no extra dealer fees and had no trade in, then you got a really nice deal for a new 08 Accord in the current market.
It should be noted that this is for an ORDER for the car at this price and you have not actually purchased a car at this time. How good the deal ends up being depends on how long they take to get you a car and what others are selling the car for at that time. In general though, if you can get any Honda for invoice or less you have a nice deal .
Dennis
It's true that Dec,Jan,Feb are slow months and a good time to try to make a deal. Also, at the end of each month, the owner puts pressure on the SMs to increase sales at the month's close-out. Good Luck.
My out the door price was $25,461 and that included mud guards and wheel locks. I declined the dreaded pin stripes that were offered for "free" though.
This was about a $580 over invoice deal, figuring in the extras, roughly $400 over invoice. Maryland charges 5% sales tax plus roughly $189 for tag and title. Other quotes that came in were no lower than $25,800, plus most did not have the car type I wanted on the lot, which did not guarantee I'd actually drive one home. The process took under three hours and the sales staff was helpful to my elderly mother who was my cosigner. I had no trade in, and I took financing from my bank.
So far with 63 miles on the odometer, I'm quite pleased. It's slightly underpowered on hills, but then again I'm coming from a Ram 1500 with a Hemi and a Camry with a V6. The car handles nicely, absorbs bumps well. The stick is easy to drive, though I'm in the adjusting phase(last time I drove stick regularly was in 2003).
You can't drive a 4 cylinder on hills like a bigger engine.
190 HP is a lot of power, but you have to use high RPM to get to the power on the Accord.
Please realize that manual transmission cars represent only about 5% of production. Therefore, most dealers order and stock very few of them. That leaves the dealer very little incentive to come down in price, unless one is in inventory for too long a time.
I am thinking to buy 2008 accord from VIP honda. They offer invoice price plus $249 doc fee for any trims by phone.
Is this real? Are they honest? Do I need to get their quote in writing? Please let me know your experience with this dealer. Thanks.
I think the dealership might have been bumping up against holdback on this vehicle, or they want to keep their sales volumes high, and they had two of the EX-L manuals on the lot.
As far as I know, that is the price they are dealing at. So far the experience has been good. My price was 27,409 for the car, 635 for destination, 250 for motor vehicle charges, 250 for doc fees, 7% tax. I will let you know how good everything turns out when i actually take delivery of the car... I had an email conversation with one of their managers that discussed price. They really couldn't give me a hard time since i had that in writing. I guess it doesn't hurt... Good luck
I was feeling pretty good about sharing my experience until reading your post. Reminds me of that skit on SNL, "Debbie Downer". In any case, here are the line item figures for everyone to enjoy:
Car: 27409
Dest: 635
Tax: 1963
Tire Fee: 7.50
Motor Vehicle fee: 254
Doc Fee: 269
OTD: 30537
Dennis
Was that VIP? Thanks.
So I guess my question is, do you think this is a good deal right now...$138 over invoice? By waiting until the winter or the end of the month, how much more realistically could I save? The dealers aren't going to be selling these cars for thousands under invoice anytime soon I don't think. Just interested in your opinions.
Thanks
On into the model year there will be some dealers selling below invoice even if there is no Honda dealer incentive, but that price would not be much below your price. Honda could offer incentives at any time they feel they need to move more cars, but I would expect it would be next year (March?) if they do this at all. In years past they may start at up to $300 in dealer money - again not much less than what you are paying if you price includes destination. Honda didn't come up with the really big money incentives until the new 08 models were getting closer to arrival.
They could also have some financing or leasing specials even if they don't have dealer incentives, so waiting might net a bit better deal if you are not paying cash.
The reason I say "if" they included destination is this is a dealer "trick". The give you a quote on the car that gets you onto the lot, you pick out a car, test drive, and when you go to do the paperwork - "bam" there is that destination charge on top of your price. I think they figure most folks that deep into the process will just pay it. I would walk out, but that is just me.
I always make sure, ask and double ask "does that price include destination?" and (in states other than yours "what is your dealer doc or prep fee, if any?".
Dennis
Edmunds and Kelley Blue Book hasn't even posted it up yet.
Unless you're talking about "MSRP" or "STICKER PRICE"...
On that 2008 Accord Coupe that I want to buy.... I'm REALLY wanting to get into that EX-L V6 now, instead of the EX-L 4 Cylinder...
I was already PUSHING it by trying to get into the EX-L 4 Cyl. "Experts" say you can afford a car that is 15-20% of your NET monthly income.... I was already about $70/month over that by trying to get into the EX-L 4 Cyl., I'd be about $120/month OVER that if I go with the V6!!!
No one will sell below "MSRP" right now...
Would I be CRAZY to do that???
... the Coupes' Invoice Prices aren't posted yet
invoice Price is: $25,642
Dest: $635
NAVI option: $1988
I’ve been hearing people get out the door with Navigation at the price quoted below. I don’t want to be completely unrealistic but my offer is $29,000 out the door w/out navigation.
I figured I’d lay it out there for you so we don’t waste time really haggling too much. I know it may not be doable at that price for you right now, but feel free to give me a call (cell: xxx-xxx-xxxx) if you are in a position to get rid of the car at that price over the course of the next couple of weeks and we can work on a deal. I do not really need to buy this month but would like to.
Some other information for your records:
-I already have financing secured at x.xx% for 72 months .if Honda financing can beat that then so be it.
-I’ll have a trade-in for us to work on: xxxxxxxxxxxxxxxx
Thanks again for the follow up,
Anyone have success with this method. I know its a numbers game and if you catch them at the right time one of the dealers in the area may be willing to deal. Is it better to drive to the different dealers at the end of the month and offer it up in person?
I'm in the CT area so I'm not sure if my target price is realistic around here.
Thanks!
Mack
I figured I’d lay it out there for you so we don’t waste time really haggling too much. I know it may not be doable at that price for you right now, but feel free to give me a call (cell: xxx-xxx-xxxx) if you are in a position to get rid of the car at that price over the course of the next couple of weeks and we can work on a deal. I do not really need to buy this month but would like to.
Some other information for your records:
-I already have financing secured at x.xx% for 72 months .if Honda financing can beat that then so be it.
-I’ll have a trade-in for us to work on: xxxxxxxxxxxxxxxx
Thanks again for the follow up,
Ajay, that's the old college try. Let me give you some advice . What you just sent to dealers is what was known as a "faxblast" Most if not all ended up in the circular file. Now we've advanced to the e-commerce era so things are done by e-mail but the wording of the original method of communication has not changed so your e-mail may end up in the recycle bin.
First, tone down your message. Start with a friendly Hello!
First rule of negotiation is: "The one that talks money first loses." My advice would be to start like this: Hi! I am very interested in purchasing a xxxx Honda Accord EX-L with/or without navigation. I've done some research online and know there are some deals to be had to the customer that does his homework. What type of deal may I expect from your dealership on this vehicle? I am also prepared to finance the vehicle with your store provided the rates are attractive. I also have a vehicle that I may trade or sell outright depending on your appraised value. I hope to hear from you soonest. You may contact me by e-mail or by phone at 123-456-7890 Sincerely,
acumenjay
This is better than getting confrontational over e-mail and then trying to be their friend when you mention the trade. Good luck.
Mackabee
They need to get them out the door and replenished with new shipments to achieve that goal.
It's not, technically, a "state doc fee," but a state limited doc fee. $250 is the maximum they can charge and turns your $138 over invoice deal into $388 over invoice deal.
Mackabee
:shades:
Do a search for year to date 2008 Accord sales here:
and see what you come up with.
Dennis
Mackabee
i would like the mystic green too with irovy/tan interior. i can not find irory/tan anywhere. not on the honda site , in the honda book , or at a dealer. please tell me where you saw that a mystic green can be ordered with ivory. i can only find black interior.
thanks
;b
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
I am sorry -- I was thinking of a beige metallic car that I considered before I bought my silver Accord. The beige does come with the light ivory interior and, in my opinion, looks really nice!
The asking price is $3500. Doesn't this seem like a steal?