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I requested Silver with Grey cloth interior, no extended warranty, no loan, cash sale and no extras.
Regarding price paid on the 2008 Sedan, It seemed earlier in the thread folks were getting as much as 300 off invoice for the 4cyl Sedan. Would this be pretty much the best I could expect for LX-P?
I'm So CAl. I thought $22,700 would be a good out the door price.
Any tips would be appreciated, thanks
Does edmunds invoice price of $20,085 for the LX-P include the destination charges?
They don't tell you about their hold back, so the don't need to tell you about their advertising cost either.
Did the negotiating over email and bought it from Hidy Honda in Beavercreek, Ohio. A great buying experience with no surprises. The car was ready when I arrived and was showroom clean! I completed the inspection and test drive, finance and closing transaction, and new owner orientation in less than 2 hours. These guys will get top-notch ratings if Honda sends me a survey.
I can get 6%-6.4% at my credit unions. I have seen ELOANS advertising lower. I don't really care if Honda finance can't beat it. It's their loss.
Later on Honda will offer below market financing as an incentive, but for now the don't need to do that. They car has only been widely available for a couple months.
Nonsense! I received 5.44% (financing about $11K) for 48 months, from American Honda Finance, on my 2008 Accord two weeks ago.
John, my buddy in SCA, the one and only, race with me on or before Xmas. AMEN ! :-)
2008 Honda Accord V6 EX-L without Navi
Blue w/Gray Leather
MSRP - $28,695
I paid - $26,139. which included dest charge and no doc fee.
Sales people were excellent!!!!
Deal at Honda Cars of Bellevue, Nebraska
I am still sitting on the fence about whether to pay it off with my home equity loan at 6.73% since there is no prepayment penalty on the Honda financing. After the tax deduction the "real" interest rate is a little tess than 5%, but it is adjustable quarterly, so there is a risk that the rate could go up in the future.
After I was done with all the closing paperwork, I asked the finance guy if the dealer makes any profit by getting the customer to take the Honda financing. He said a dealer can earn extra profit by quoting a higher interest rate to the customer than the rate given by Honda. He assured me that there was no margin in the rate he gave me.
PS Thanks to all the people posting on this forum. I spent a good amount of time reading the posts here and got a good feel for what what was happening in the market and kind of deal I could set for a target.
The prices need to be itemized so you can see what the dealer is charging before their local government fees are added.
How much is the selling price of the car, how much is "dealer fees" and how much of it is government registration fees and taxes.
The sales price of the car would be more useful since each person can calculate their own local sales tax and registration fees to that number.
Also details on any trade-in that would have either positive or negative effect on the deal and what financing was involved at what rates also give the big picture.
Just saying "I paid $23,500 OTD" is useless.
Does someone know the good deal for 2008 Honda LX-P 5A in Orange County and Los Angeles, California? Thanks in Advance
Not if you are comparing in your local taxable area.
THANKS
Even if someone was quoting a price for a car in my local city, I would still want to see where the total came from and what was involved in the deal such as financing trade-ins and dealer add ons.
Just quoting an OTD price paid without details is almost as bad as just quoting a monthly payment.
If you figure we have a tax cap of $300 and "document" fees of $289, and tags x-transfer at $49 that puts the car itself (metallic polish metal on grey) at $24,362.
Does this sound like a pretty good deal?
Thanks
Trade-ins, dealer-provided financing and other parts of the deal that you omit when just listing OTD prices can make a massive difference in what is and what isn't a good deal.
because I don't live in that locality. It is only good to those few people that live in that locality. This forum is for all, not just those in a certain locality.
What is it with you Accord shoppers?
regards,
kyfdx
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Thanks
I have seen 2 out in the flesh since debut in my town.
If they are dealing below MSRP, than be happy.
OTD continues to be a meaningless catchphrase without knowledge of all of the components.
OTD is not a "meaningless catchphrase"... OTD is a price EVERYONE pays. "25k OTD... grab it!" I was saying 25K is a good OTD price (this is everything to drive it away INCLUDING taxes) hence Out The Door