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Any advice would be appreciated. Thank you.
Has anyone seen a similar transaction like this take place? And What would it take to be eligible for the 2.9% APR. I have a credit score of around 735-740 but only 3-4 years of credit history.
Also if I had my mother co-sign with me... who doesn't have a high score as mine but has "history" would I benefit or not... I would mainly be doing this so that I can put the car under her name for insurance purposes.
The Sandman
I've gotten my dealer to about $50 over invoice, but I didn't know if people were getting better deals under invoice or cutting into the dealer hold back.
Essentially I'm looking at $21200 for the LX-S and am wondering if I could do better or get a higher trim level for that price.
I'm a new college graduate ready to purchase a new accord with no money down at 0.9%. Any suggestions? The best quote I've gotten in the MN area is 19500 for an LX but I believe there is much better deals to be made. Any suggestions on pricing for an LX, LXP, or EXL (all 4 cylinder automatics)? I've read that the car has been selling around 18 under different financing terms. How did you negotiate because the dealers seem to be getting frustrated but won't lower their price? Thanks for the advice.
What you've been reading is pricing that is either from last month when Honda was offering dealers an additional $400.00 in "advertising" money on 4cly Accords or, different regions where there is no advertising fee added to the invoice.
"How did you negotiate because the dealers seem to be getting frustrated but won't lower their price?"
Just because someone posts a price on here does not make it proof that you can purchase on at that price.
$27,400 (including destination fee, wheel locks, splash guards, and pinstripe)
$99 dealer processing fee
$1,649.94 tax (6% in MD)
$104 tags, title, license (I transferred my tags, which brought this down from $222)
$29,252.94 OTD
The sales guy told me that they were only making $34 on the deal, which I think is totally bogus, since I had varying profit statements from other dealers back when I had quotes from $27,300 that included dest. and proc. fees. Still, I was willing to let the dealership make some money in order for me to get the color that I really wanted.
When discussed as separate items, I had two accessories added on to the car: the rear-view camera kit and a deck lid spoiler. Word of advice, do your research and find out from multiple dealerships what the official textbook Honda hours of labor quote is on each installed item. When that's put to bed, work on the best price for the accessory, using online Honda accessory sites as a guide for a solid parts price. With that said, here are the prices that I got:
$210.45 rear-view camera (15% above dealer cost)
$116.15 attachment kit (15% above dealer cost)
$276 labor* (4 hours at $69/hr, discounted from the normal $89/hr rate)
- *the official Honda textbook states 3 hours for this job, which explains my earlier comment about researching the labor
$36.16 tax (6% in MD)
$638.76 installed rear-view camera kit
$251.85 deck lid spoiler (15% above dealer cost)
$69 labor (1 hour at $69/hr, discounted from the normal $89/hr rate)
$19.25 tax (6% in MD)
$340.10 installed deck lid spoiler
I also plan on purchasing an extended warranty via the Sacucci Honda dealership website in RI (link). After playing around with the website a little, it consistently provides the same price of $995 for 8yr/120k non-deductible anytime from driving it off the lot until you hit 6,000 miles. I heard some rumors about Honda trying to prevent this dealership from selling warranties online, but it sounds like it'll still be around for a little while due to litigation procedures.
I hope this helps, let me know if you have any questions in case I didn't clarify something in particular.
Btw, for the car on its own (including wheel locks and splash guards, but no additional accessories), the price I got represents about $750 below invoice and $3,650 below MSRP. The parts price of 15% over dealer cost represents the Honda employee discount on parts, but YMMV with labor costs, although the number of labor hours should be fixed.
Anyone else have St. Louis area experience recently? I used this forum about 4 years ago to buy a Honda Odyssey. We were very happy with the deal and are very happy with the Odyssey.
Thanks
I ma looking for the same vehicle and just starting my search. which dealer did you purchase from?
thnxs
Now, you're not suggesting that some of these "Prices Paid" never happened, are you?
Say it isn't so!
Also, if it isn't inherent enough in the discussions, a word of advice is to wait until the end of the month and feel out for the dealerships that are struggling with their sales for the month. They are the ones that will be most motivated to give you this kind of deal on a car.
Timing is also everything, go in on the right day and be shopping for the right car (color and trim level) can net you a better price than someone else could do the next day or the next week.
A lot of folks have trade ins, which they may or may not mention. A neighbor of mine was once bragging about how low the price was on his new car. I asked how much he got for his trade and his smile turned to a frown and told me about his rip-off trade in price. If I show up with a paid for cream puff trade in then I may find that my new car price is lot lower than if I am trying to unload a guzzling SUV on the dealer. If a trade is part of the deal it should be stated and if the customer got less than they should have based on expectations, other dealer offers or "book value" then that has to be factored into their super price on the new car.
So if we assume all the prices quoted are legit you still may not be able to get those deals at any dealer you work with or even with the dealer the one posting the price used. Of course there could be a few folks who mis-typed the price they paid or something .
Dennis
I had a customer a few weeks ago make a VERY low offer on a new Accord.
It was dreary and raining and we were very slow that day.
To my great surprise, my GSM actually accepted the offer.
" This makes no sense, but let's just "buy a log".
Then the crafty customer reneged on his offer and told me he would just return the next day...maybe.
I know what he was going to do...shop my number and he did!
I warned him that we wouldn't do that number if he left and he didn't believe me.
Guess what happened the next day
MSRP = $23295
Invoice = $21,171
Paid = $20,695
I feel like I did a pretty good job, this was my first new car purchase.
Thanks
A brand new, fantastic car being sold for invoice during it's first year?
Going into holdback makes no sense especially when holdback isn't profit.
No wonder they can't keep good people. Sad...
Check if it is possible to get the car you want at the so called DEALER INVOICE. For the most part a dealer can sell at that price and still make a significant profit in the monthly kick back from the factory.
I never jump at a dealer off which has to be done on the spot unless that offer is at or below my price and I have already shopped other dealers. If the price is good for that day it will be good some place tomorrow. And if it isn't then I'll wait until it is. I never shop for a car when I need one right away.
Also dealers are usually willing to give a better price on a car in stock then on one ordered from the factory.
I actually had one dealer tell me (Dealer in Bel Air, MD) I could not order a car from the factory. I guess I had my stupid face on that day. The dealer used this as en excuse for charging me an extra $100 finder fee for locating the car I wanted and then sending a driver there to get it. Then the dealer told me that the car would have several dealer added options on it such as mud flaps, wheel locks, and door edge guards which would cost about $400 more. When I asked if I could order the car from the factory and get it without dealer options, that is when he said no that the whole dealer - factory relationship had changed and that the dealer did not know exactly what cars, color and equipment the factory would be sending. That is why according to the dealer the best way to get my car in the color and equipped the way I wanted was to have the dealer locate the car at another dealer. Needless to say I discovered from another, more honest dealer (In Baltimore), that dealers knew several weeks to a month in advance exactly what cars they were going to receive from the factory and that dealer was able to place my name on exactly the car I wanted. And I did not have to get any dealer add on extras.
The Honda dealer near Bel Air, Maryland is about a two miles from my house. So I drove to the Baltimore Honda dealer and got the car I wanted without any dealer add ons.
I took delivery on a 2008 Accord EX-L V6 on 27 Dec07 at dealer invoice.
I had done all this over the INTERNET through a car buying service. Each dealer had an INTERNET salesperson who had special prices which the other sales people could not offer. Don't know how correct this is but that is what I was told. The dealer apparently kept all INTERNET inquiries so that about two months after my purchase the dealer send out an E-Mail indicating that the prices previously given over the INTERNET were now $500 less for any in stock car bought. So there must be something to the idea that a car in stock can be bought of a better price then one ordered. After all each dealer has what is called a FLOOR PLAN which is the cost of the loan the dealer is paying for on each car in stock. It usually amounts to about .75% per month. So moving cars in stock is most important.
Also the purchase of an extended warranty was another game. Since I keep a car well over 100K miles I wanted an extended warranty. Honda offers extended warranty called HONDA CARE in various lengths of time and miles. The max is ZERO DEDUCTIBLE 8 years - 120,000 miles which is the one I got. Before I closed the deal I did a search on the INTERNET for extended warranties. I discovered a Honda dealer in RI who was selling this warranty for $1095. When I asked my local dealer in Baltimore about this I was told the price was $1999,95. When I showed him the printout of the $1095 price he immediately lower the price to $1095.
The dealer in RI web site is www.jayhondacare.com
This all happened in Dec 07 so things might have changed since then. Also there is a $100 deductible plan which was $100 less The plans offered were for 5, 6, 7, and 8 years with various mileage lengths.
The dealer also had a warranty plan which would refund a significant portion of its cost if the warranty was not used. I believe the price was about $1500 and $1000 would be refunded when the warranty expired without ever have a claim filed against it.
About 2 months after I purchased my new 08 Honda
No such thing...sorry.
Btw, the Sacucci Honda dealer (also in RI) offers $995 for the non-deductible 8yr/120k plan (www.myhondawarranty.com).
Also, I hate to make things more painful for "isellhondas", but if you think a ruined market means selling at invoice, I guess the MD/VA/DC area must be way beyond ruined. As laid out in a previous post, I paid about $750 below invoice for my Accord EX-L V6 with Navi (supposedly a rare car), and it wasn't even the best offer that I had (albeit for a different color in stock) by about $200.
Makes no sense for a merchant, any merchant to buy a product, pay the overhead associated with selling it and then selling it for less than they paid for it.
Yes, it is a rare car.
Was there a trade involved?
Maybe they are confusing invoice and MSRP ? I have seen folks do that before and it is pretty easy to get $750 under MSRP.....
Dennis
In addition, there is the overhead involved with every car sale, a commission to the salesperson etc.
Doesn't pencil.
My purchase post
By the way, there was no trade involved, since I sold my previous car through craigslist. And I paid for the car in full, so no financing was involved either.
According to my calculations, I received about $750 below invoice or $3650 below MSRP, depending on what you want to compare against. Even if I compensate and say that the wheel locks, splash guards, and pinstripe cost nothing, we're talking about $639 under invoice. Here's my calculation for that scenario:
Dealer invoice:
$27,404 invoice + $635 destination fee + $99 processing fee = $28,138 +TTL
My price:
$27,499 (car + destination fee + processing fee) +TTL
The difference between these two figures is $639 dollars, not even accounting for the wheel locks, splash guards, and pinstripe that were "thrown in". If you want to make sure that I didn't get stuck with a large hidden cost, my additional costs were $1,649.94 (6% MD state tax) and $104 (cost of transferring tags), resulting in a $29,252.94 OTD price.
The only point of contention is the fact that I got two accessories installed in the car, but as I also laid out in my purchase post, I got them for the employee discount price. The only area in which I might have gotten hosed is where I had to pay for 4 hours labor on the rear-view camera kit instead of the official Honda-stated 3 hours. Even so, that was $69 dollars, which according to the statements of "dwynne" and "isellhondas" is still losing the dealership money.
In other related matters, he also said he wouldn't budge from this number because he knew he was the only dealership in the state that had the color I wanted, so needless to say I did not go with him. On top of that, he refused to give me the VIN and mileage on the car when requested, and I found out later from another dealer that the specific car had a damage disclosure on it. So with that said, I would also recommend not dealing with anyone at Heritage Honda in Parkville, MD with the initials GH.
Thanks.
IF they really sold you that car for that price, they lost money.
And, they lost money on a model that is difficult to find.
That's all from me. The others can draw their own conclusions.
This is the price I got from a dealer's internet sales department. How much haggling can I do with this price once I go into the dealership in person? I am not looking to finance, no trade ins.
Thank you guys for any help you can give me.
Price: $19,618.55 ----> $1,100 below invoice (both includes destination)
Doc Fee: $55.00
Sales Tax: $1,524.70
License Fee: $128
Registration Fee: $65
CA Tire Fees: $8.75
Total (OTD): $21,400
The dealer wanted to sell as many cars as possible before month ends. I went to the dealer and walked around looking for the car I wanted. After looking at a couple of LX-P model, I got the one I wanted.
Please go to room "VCM" to read comments of an unhappy Honda customer (his name's Golf...) who claimed Honda is going to close his complaint of the VCM issue of the '08 Accord V6 sedan without his permission. I am not sure if he owns a '08 Accord V6 sedan as he has boasted and if he's been honest with his complaint.
My daughter grouses that the Beetle I drive is more appropriate for teenage girls, but this 51 year old guy loves it. It has more headroom than anything else we've ever owned, great ride, great mileage (it's a TDI). If you're more interested in a Honda girly car, I suppose the Civic and CR-V are your best bet - maybe even an older Accord. But this new Accord, wow is this ever a manly car!!!
I have yet to experience what he is talking about nor have I EVER heard this complaint from anyone else.
And, of course, I got blasted.
I have to wonder if I were to drive these affected cars, would I feel anything? I don't know.
I have had customers who have been in that forum take V-6's out and they have taken great pains to replicate this without success.
Now the 2009 Pilots have VCM too.
It;s like when you go to super market when something is on sale rest asure another item has been increased in order to compensate that I do know.
Why lose money on a hot seller that we can't get enough of.
With Honda there are no "volume MFG discounts".
You are talking to a person who has been in sales and marketing all of his life by the way.
I test drove my 08 EX-L V6 at 60-65 MPH and could not find any VCM issues. I've only driven the car about 250 miles, so I certainly can come to a full-length conclusion yet. In late June, I will be taking a long trip that will extend close to 1,000 miles, after which I'll post my comments on any observations.
Secondly, I want to just say that I am HIGHLY disappointed in the 2009 Pilot re-design. (IMHO, of course) I thought that the outgoing model frame was a fantastic design, once it was tweaked with subtle touches in the lights and grille. With the 2009 design, I simply don't understand why Honda would Element-ize a vehicle that had reached its aesthetic maturity. Maybe this is why 2008 Pilots with Navi are such a hot item now, even among depressing SUV sales.
1) The price I paid (reportedly ~$750 under invoice) was offered to me on May 8 (notably the beginning of the month) when there was apparently no pressure to meet any quotas, or achieve a volume discount. This is in opposition to an even lower quote (~$950 under invoice) that I had at the end of April, where there appeared to be obvious effort to meet a quota, although it was made applicable only to an in-stock vehicle.
2) When the price was laid out on the table, I was supposedly told by my specific salesperson that the dealership was only making like $34 on the deal (in previous posts, I mention that I got varying statements of profit from others). So if the dealership is in reality losing money, it makes no sense at all why he would tell me that they are making ANY profit, however minimal it supposedly was.
Once I even faxed the contract to a salesperson at the other dealership just to prove I did indeed do it!