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2014 Honda Accord Prices Paid and Buying Experiences

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Comments

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432

    silvrswt,

    A straight out deal of 1500 below invoice price may not be obtainable in your area. keep on negotiating til you get all 7 dealerships involved with price.. you still have 3 days before the month is over you have the most leverage right now..

    Change your approach it could net you a better deal. Tell all dealerships you will finance thru them if they have the 500 flex cash to give .. You could finance as little as 10k and pay of loan with in 3 weeks... If your best deal out of these dealers are only 1000 below dealers invoice but you could score the flex cash that gives you a 1500 below invoice price and a very good deal on a 2014 model... You need to pit one dealer against the next to get your bottom line pricing.

    need more tips or help............ give a yell

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • hluckyhlucky Posts: 8

    Hi All, I am in the market to buy a new honda accord EXL in Southwest FL Region. If I get a good deals, i want to go for EXL with NAV. I sent requests to some of the dealers around here. Below are the some of the OTD Price Quotes I got so far. 1) EXL=28200 EXL-NAV=29700

    2) EXL=27900 EXL-NAV=29500

    Brain, Please let me know what is a better price that i can expect in SW Florida and thanks alot for all the help you guys are doing.

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432
    edited March 29

    hlucky,

    I need this info to break down your deals.. OTD pricing does not help figure out what i need to know if its a good/ bad deal.. please post .

    selling price? does it include/exclude the destanation charge of 790

    what are dealerships doc fee charge?

    Is dealership with quoting price applying flex cash of 500 to deal .. does dealership have flex cash to give..

    you need to decide on exact model you want or give dealership 2 models as a choice to see what vehicle they will sell lower.. Most dealerships have plenty of lx models in stock.

    You could expect getting 1000 to 1400 below dealers invoice price plus flex cash off 500. Dont forget most dealers have a high doc fee of 699.... so subtract that off my numbers.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • hluckyhlucky Posts: 8

    Thanks for the reply brain I will post the break down details asap once I get it. I am still waiting for the response with break down details. Thanks again for the help

  • RreddyRreddy TXPosts: 1
    edited March 30

    Bought 2014 Accord LX CVT with mud guards, trunk cover,door edge guards, wheel locks, pin stripe for OTD of 21500 at DavidMcDavid of Irving, Tx this weekend .

    Hope i dint overpaid

    Least price i have seen OTD was 21300 on this forum, Thanks a lot experts made this forum really good place to start understanding pricing.

  • hluckyhlucky Posts: 8

    Hi Brain, Below are the breakdown details i got form couple of the dealers in SW FL.

    1) Model=EXL-NAV Cash price of car=27385 Sales tax=1689.63 tag and title=198.95 Delivery Charges=699 Total=29979 (OTD)

    2) Model=EXL-NAV Car Price=27400 Dealer Fee=598 Doc Fee=123 Tag=140 Tax=1644(6% is tax+50) Total=29955

    Please help me with these numbers and thanks for the help.

  • txhubtxhub Posts: 1
    Bought a 2014 EX sedan at David McDavid in Frisco, Tx. 22,597 + TTL. No flex cash. Dealer add ons window tint, stripe, mats, trunk guard, door guards. Hope I did well. I would like to thank the forum.
  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432
    edited March 30

    @hlucky said: Hi Brain, Below are the breakdown details i got form couple of the dealers in SW FL.

    1) Model=EXL-NAV Cash price of car=27385 Sales tax=1689.63 tag and title=198.95 Delivery Charges=699 Total=29979 (OTD)

    2) Model=EXL-NAV Car Price=27400 Dealer Fee=598 Doc Fee=123 Tag=140 Tax=1644(6% is tax+50) Total=29955

    Please help me with these numbers and thanks for the help.

    keep on negotiating..... After paying the dealers 699/ 598 doc fee charge your buying vehicle at 185 below invoice. Re read my buying posts and apply or you will fall victim to the dealers prices..

    Your models break down is exl i4 with nav 27,479 plus 790 dest charge=28,269..

    you want to get at worst case 1000 below on ... above price.. Either a straight out deal with no flex cash... or agreeing to dealer selling you this vehicle for 500 below invoice plus flex cash of 500. What ever the dealerships doc fee charge is add it onto your asking price making that charge a wash on the bill of sale..

    If dealership doc fee is 699 and dealer has no flex cash to give. Your asking price to buy is 1699 below invoice..

    If dealer has flex cash and you could get a addition 500 then above price could be reduced by 500 dollars making the same deal but with flex cash getting you to that 1000 below target price..

    Good luck

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • chaccordchaccord Posts: 4

    Can you recommend good dealers to buy Honda accord ex-l around Indianapolis. I am ok to go chicago or Columbus if i get good deal.

    What do you mean by FLEX cash how can we know dealer is offering it?

  • hluckyhlucky Posts: 8

    Got it Brain. I will apply your suggestion and will update you. Thanks for the help again.

  • I just purchased 2014 Accord EX coupe CVT in southern California for $22,755 + TTL with Flex cash. OTD price is $25170. Thanks for all the helpful information you guys posted in this forum.

  • lukekasilukekasi Posts: 3

    @brian125 said: good luck....post dealer name and deal after purchase..

    I got it $22500 OTD from Sheehy Honda. Great GM

  • lukekasilukekasi Posts: 3

    Brian, I got the Accord Sport with dealer installed stuff for $22,500 OTD and 0.9% financing. It all went well with this forum's help. Sheehy Honda in Alexandria, VA.

  • dontburnearldontburnearl Posts: 15

    My purchase was a lease, but wanted to share.

    2014 Honda Accord EX-L, Auto, Sedan

    Cost: $25,487.36 Tax: $275.54 License/Reg: $127 Doc Fee: $125 Total: $26,014.90

    The vehicle I used as the down payment was originally appraised at $6800, but they changed it to $7500, and the dealer added $595 to the down payment.

    Hence, for a 36 month / 45k lease, my monthly payment is $100, with only my trade in as a down.

  • rbirns1rbirns1 Posts: 212

    ^ is that a typo, or was tax only $275.54?

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432

    Dontburnearl,,

    You did a very foolish thing on your lease.. Here is why???. If your leased vehicle is totaled or stolen you will lose your up front payment of 8k.. It would of been best to stick that money in the bank and make the higher payments off that money.. Lets hope for the next 3yrs everything is fine..

    Insurance companies pay the actual market value of a vehicle in the event that it's stolen or totaled.

    Even if you have GAP insurance, your down payment is still not fully protected.

    Imagine putting $8,000 down on a car you don't own, it gets stolen and you lose that amount! That's a huge hit, and it's not as uncommon as you think.

    Another reason to avoid putting any money down is because in most states, you will need to pay taxes on that amount. (If you roll it into the monthly payment, you'll still pay taxes, but it will be paid off slowly over the life of the lease).

    One of the main advantages of a lease is supposed to be low up-front costs and low monthly payments which frees up your cash flow. If you have to put up several thousand dollars in the beginning, it defeats the purpose. At worst, i say again keep the down payment money in a separate account and move a portion each month to "lessen" the payment. This way you are in control of your own "down payment" and if anything happens to the car, you still have your money.

    Always remember that leases are negotiable - it's simple to roll any down payment into the monthly lease payment, and you should always do so. Good luck

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • rbirns1rbirns1 Posts: 212

    ^ absolutely right. A lease should always be structured for lowest possible upfront cost. On delivery you should only pay first month payment, and perhaps DMV fees. Roll everything else into the lease.

  • dontburnearldontburnearl Posts: 15

    Brian, I've never leased before, and probably will never again, but our family economics motivated us to get the low monthly on the lease - typically whenever I finance, I put 0 down. But, a few things might change your opinion: - In Texas, the amount of your down payment (i.e. the trade in) is not taxable - allowing my taxes to be lower. This saved me $450 - $475. - I've taken the vehicle to multiple dealerships, and the highest offer I received was 6k. Getting 1500 above that was important to the deal

    I understand the reasoning behind 0 down, but our goal was to have the $100 payment. Other than your disagreement on the down, any other opinions on the deal?

  • dontburnearldontburnearl Posts: 15

    Two corrections:

    First the vehicle was a CVT, not auto Second, the trade in amount of a down payment is a tax credit (approx $468.75) Doing the transaction in the manner I did would of been 1968.75 higher (in total cost) if I had taken the higher monthly payments and let the 6k grow. The almost 2k savings - for me - was worth the structure.

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432
    edited April 1

    Don,

    You recieved a good selling price on your Accord at 1163 below invoice.. I would suggest if you decide to lease again check these forums before hand to get pricing and info. Future leases..... keep the least...... Out of pocket money mimimal when leasing.

    You may want to call your Ins. company to see if there is some way they may cover you in the event of a stolen or totaled lease vehicle where your upfront 8k money can be secured. Its worth a call. 8k is something you dont want to lose assuming the worst..

    lets hope Don this scenerio never happens . Enjoy your new car .............. good luck

    Brian

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • MichaellMichaell ColoradoPosts: 3,597

    @brian125 said: Don,

    You recieved a good selling price on your Accord at 1163 below invoice.. I would suggest if you decide to lease again check these forums before hand to get pricing and info. Future leases..... keep the least...... Out of pocket money mimimal when leasing.

    You may want to call your Ins. company to see if there is some way they may cover you in the event of a stolen or totaled lease vehicle where your upfront 8k money can be secured. Its worth a call. 8k is something you dont want to lose assuming the worst..

    lets hope Don this scenerio never happens . Enjoy your new car .............. good luck

    Brian

    One other item to note .. in Texas, the entire price of the car is taxed, not just the amount of the depreciation. That could help explain why our OP structured the deal as they did.

    MODERATOR
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  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432

    Glad i dont leave in Texas.. I'm surprised more states have not adopted this tax all concept.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • MichaellMichaell ColoradoPosts: 3,597

    @brian125 said: Glad i dont leave in Texas.. I'm surprised more states have not adopted this tax all concept.

    I believe both Illinois and Maryland handle lease tax the same way.

    MODERATOR
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    Share your vehicle reviews

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432
    edited April 2

    Michaell@Edmunds

    Good points.

    Here is some additional info on leasing for the forum to look into. I know some state laws taxes could have change but i believe this is accurate. I will include NY/ and NY area where I live 8 months out of the year

    Sales Taxes

    U.S. states (except New Hampshire, Alaska, and Oregon) and Canada impose a sales tax on motor vehicle purchases by consumers. In the case of leasing, the leasing company passes the sales tax along to you, the lessee. However, the way it's done can be quite different from state to state, even region to region. The most common method is to tax the monthly lease payment at the local sales tax rate. This means you only pay tax on the part of the car you lease, not the entire value of the car. For example, if your local sales tax rate is 5%, simply multiply your monthly lease payment by 5% and add it to the payment amount to get your total payment figure.

    With this method you are paying sales tax not only on the depreciation amount of your payment, which is fair, but you're also paying tax on the finance charges, which is not so fair. In no other type of business transaction do we pay sales tax on interest or finance charges. This is an area for improved state tax legislation

    In some states, such as Ohio, you pay sales tax up front on the capitalized lease cost. In other states, such as Illinois and Texas, you actually pay sales tax on the full value of the leased car, not just the leased value, just as if you were buying it. In Illinois, you can also pay monthly taxes. In a few states, such as New Jersey, you have a choice of paying up-front taxes on either the full purchase price or the total of lease payments. In New York, you pay tax up-front on the sum of lease payments. Some states tax fees and taxes; others don't. Most states tax the lease acquisition fee; a few don't. Some states, have a cap on the total amount of taxes paid. Some allow a tax credit for trade-in vehicles, others do not.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • MichaellMichaell ColoradoPosts: 3,597

    @brian125 said: Michaell@Edmunds

    Good points.

    Here is some additional info on leasing for the forum to look into. I know some state laws taxes could have change but i believe this is accurate. I will include NY/ and NY area where I live 8 months out of the year

    Sales Taxes

    U.S. states (except New Hampshire, Alaska, and Oregon) and Canada impose a sales tax on motor vehicle purchases by consumers. In the case of leasing, the leasing company passes the sales tax along to you, the lessee. However, the way it's done can be quite different from state to state, even region to region. The most common method is to tax the monthly lease payment at the local sales tax rate. This means you only pay tax on the part of the car you lease, not the entire value of the car. For example, if your local sales tax rate is 5%, simply multiply your monthly lease payment by 5% and add it to the payment amount to get your total payment figure.

    With this method you are paying sales tax not only on the depreciation amount of your payment, which is fair, but you're also paying tax on the finance charges, which is not so fair. In no other type of business transaction do we pay sales tax on interest or finance charges. This is an area for improved state tax legislation

    In some states, such as Ohio, you pay sales tax up front on the capitalized lease cost. In other states, such as Illinois and Texas, you actually pay sales tax on the full value of the leased car, not just the leased value, just as if you were buying it. In Illinois, you can also pay monthly taxes. In a few states, such as New Jersey, you have a choice of paying up-front taxes on either the full purchase price or the total of lease payments. In New York, you pay tax up-front on the sum of lease payments. Some states tax fees and taxes; others don't. Most states tax the lease acquisition fee; a few don't. Some states, have a cap on the total amount of taxes paid. Some allow a tax credit for trade-in vehicles, others do not.

    Brian - thanks so much for this. I'm in the process of building a consolidated work sheet that summarizes all of this information for quick reference.

    MODERATOR
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  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432

    Good idea makes it so much easier to look back and reference something.. I have been doing that with all.... Prices paid, dealer info , doc fee's, etc.. across the country since the internet started..

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • eoren1eoren1 Posts: 12

    Hi, Hoping you guys could help me out with price and thoughts on waiting for the 2015 model.

    Test drove a 2014 Accord sedan EX-L CVT today and really liked it. Previously considered the hybrid but the standard sedan was a better fit for me (6500 miles/year average).

    Trade in: 2002 Honda Civic EX 80,000 miles clean title = $4,000 Car: $25,026 Out the door (with taxes, fees and accounting for trade in): $22,879

    1. How's my price?
    2. My only hesitation is iPhone integration. As far as I have been able to tell the 2014 Accords are not upgradeable to Siri Hands Free. I am guessing that the 2015 model will integrate the new Carplay (iOS in the car) which I tried out on a Civic in their lot and thought was nice). Any thoughts on waiting for these?

    Thanks! E

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432

    eoren1,

    OTD price does not help us break down your deal.

    Post ; Selling price? dealers doc fee?, Is dest. charge included in this price?. What state are you buying in?

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • eoren1eoren1 Posts: 12
    edited April 3

    Sorry Brian

    Buying in MA. 2014 Accord sedan EX-L CVT no Navi

    Price for Car is $25,026

    Fees $154

    Doc Fee $385

    Tax 6.25%

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,432

    eoren

    Invoice price with dest = 25860 + 790 = 26,650.

    If above price includes dest/ charge its a good price . If not there is room to negotiate..

    Your deal is at....................................... 1624 below invoice price

    Minus dealers doc fee charge..................-385. puts you at 1239 below invoice price.

    If dealer is giving you 4k for your 2002, Civic you have one nice deal in the works. i would think getting 3k would of been tops on that year civic.. Used Civic's, Corolla's, Sentra's , Elantra's, Camry's and Altima's are netting very good prices on the dealers lots for the dealers.. Alot of parent with young drivers are buying up those 3 to 6 year old vehicles for there kids.

    Post your dealership and price paid when done . This will help the other forum members up in M.A. to gauge pricing in that area .

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

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