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And, I do understand your position on all of this. You've helped a great many folks on these boards over the years.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
So your quote is $700 below invoice. Not great but not too shabby and certainly better than the average.
Another $300 off would be nice to see, and asking for "final" quotes at month end is a good plan.
I think you could justify an AWD in Ohio without taking much of a mpg hit. And your resale up there would be better.
On to your deal, the price sounds okay and there probably is room for the dealer to give you more on the trade (the dealer should make more money selling your used car than selling the new CR-V). And yes, the dealer will make money on the HondaCare.
I like your strategy - it's a win/win for you and the dealer. Let's hope the dealer sees it that way too. Good luck!
When you price out a car here with the Make | Model dropdown, the destination will be broken out but the bottom line TMV includes destination. It's best if everyone just includes destination in their invoice number but you can't assume that everyone does.
You have to be careful of screamer ads that are selling cars at invoice since the fine print often excludes destination and other fees. Like that "regional fee" - what is that? If you mean the TMV "regional adjustment", that number reflects the higher prices found in your zip code. If it something else, like an ad fee, that's fine, but it helps to know what it is.
And even though the fee is "fine", you can still try to negotiate it away.
Details here:
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Bryan,
I was going to send out the below e-mail but there seems to be a factory Invoice difference between True Car "$29,288" and Edmunds "$28,107" for 2016 Honda CRV EX-L 2WD with Navigation in Texas. I was going to start out negotiating $ 1,000 below factory invoice. Which one is more realistic? TrueCar, or Edmunds.
You can earn my business today for $28,288 for a 2016 Honda CRV EX-L 2WD with Navigation.. No other options added. This price includes the 900 destination charge and excludes.......................... taxes, doc fee , dmv fee's . I will buy vehicle from you today. Do you want the sale?
I started negotiation for CRV EX FWD yesterday, probably to early. I am not in rush but would like to use the end of month and 1st quarter to my advantage.
The dealer's offer is $26,023.59 OTD that they itemized like this:
MSRP: $25,845
Discount: $2,453
Sonic Price: $23,392
Freight: $900
Processing Fee: $599
Tax: $1,020.53
Tag: $69.75
VA State Business Tax: $42.31
Total: $26,023.59
My counteroffer is $24,847 OTD which I based on $1500 of invoice not MSRP.
They didn't reply to me yesterday nor today (all my communications are through email)
So, is $1150 to big of a gap?
That $599 processing fee is about $450 too high too.
Yeah, I am still in NoVa, will be trading my Honda Element 2005 that I bought with this forum help 10 years ago.
Stever, so you think my price is doable and all I have to do is just wait - there are still 6 days in this month.
In other words, the ol' crystal ball is a little bit fuzzy.
I think you are in a strong position though, plus your trade-in is a cult car and the dealer will easily be able to flip it at a nice profit. The doggie crowd still loves them.
Are you shopping quotes? That could help you make up your mind.
(Sorry if you've said some of this already, it's been a busy day here and I'm behind).
I have my number and am sticking to it.
VA car tax is 4.1%
http://www.nadaguides.com/Cars/2016/Honda/CR-V/2WD-5dr-EX-L-w-Navi/Pricing
Don't forget above price Excludes the $900 destination charge
23 Telluride SX-P X-Line, 23 Camry XSE
Thanks so much for taking the time to provide such a great detailed response. It is very much appreciated. A trip a Maryland is definitely doable to take advantage of the additional savings. Thanks again!
But that can be a hassle.
The first offer came as $26,068 OTD.
And after half a day of negotiation I am at $25,347 OTD for EX FWD (no options) which is $500 up from my price but am not rushing it.
Invoice-$25170
My Price $24630
Sales Price (Destination Fee Included)-$24630
Options I selected-$470
Doc Fee-$166
Sales Tax-$1771
Plates-$196
OTD total $27261
Is this a good deal?
You could complain a bit about the doc fee (it's $100 too high) but yeah, looks like a good deal for your area. Kind of funny that Illinois limits the doc fee to $166 and I bet that's what every dealer tries to stick buyers with.
I guess I'd question the plates fee as well - that's a bit high per this chart but the chart is just a rough estimate.
Sale price: 24950 (but judging from what they were saying, i am pretty sure I can get to 24000 at least).
There was no obvious destination price or other things on the quote.
tag: 157.15
doc fee: 166
PA TAX 6%
After reading things here, I feel like I should be able to get to 23k something for the car alone. What do you guys think? I know time is somewhat good ( end of quarter and end of month). Thanks a lot!
Which LX model are you talking about...... Awd or Fwd ?
Was the $900 dest / charge included ?
Only you will know how low a deal you could make in PA. 1000 below dealers invoice on your model would be a excellent deal in PA if you could get it. . Make offers to 7 to 10 dealers see were pricing takes you.
If you could get 23k for the Lx awd model Invoiced @24,419 that would be $1419 below invoice.
23 Telluride SX-P X-Line, 23 Camry XSE
Hi first time buyer here, given for 2016 crv lx fwd 23445, i think i got a bad deal, said he lowered my interest rate thats why the price was still high, added security
without realizing we were not informed what was the price we got for the vehicle.
he said like we cant be approved for low interest rate since we do not loans except for low credit card minimums,
he quoted me at 6.99%, 5.54% and how much the monthly payment will be having known what is our maximum monthly.. Offers after offers until we were persuaded by an offer of 3.99% from 5.54% and monthly of $359 from our max of $350 for 72 months, and so we agreed to this term.
Now im like we really didint get a good deal here because he initially said before we came to the dealership that $2000 was the rebate from dealers but then when he was negotiating the interest rate instead of the price.
The vehicle is a 2016 honda crv lx fwd for $23445
added security system for $995, additional $17/month
tax is 9%
Total $27024 (including other fees)
Total financed less downpayment of $3000 is $24024
ended up $376/72 months @3.99%
Im hoping to get a price match since i think i really didnt get the discount i wanted and was initially mentioned, and the security system i think wastoo expensive and could have bought the CRV SE instead which has the security system Thanks
Invoice is $23,203 and TMV is $23,701. So your purchase price was a little bit better than average (around $300 better). Comparing MSRP to MSRP, it looks like Honda is charging $800 more for the SE with the security system plus whatever else comes with that trim.
You could always go into the store and complain to the GM. They may try to work with you to avoid you posting bad reviews everywhere or dinging the salesperson on their survey.
That said, you really didn't do too badly for a first time buyer (or even a tenth time buyer, lol), and a bit of buyer's remorse is perfectly normal. The second guessing eases every time you run to the store and get a dose of that new car smell.
Stever - just a quick update. I decided to pull the trigger after thinking about your and Brian's thoughts, especially your thought about how hard it was to locate a white version nearby. I ended up getting a 2016 White CRV EX instead of trying to haggle over an instock/overstocked vehicle in a color I didn't care for.
Price: $24,185 (including destination).
Price OTD: $26,500.
I didn't think I did great, but I think I got a fair deal. Hopefully this helps the others out there.
I was hoping to get them down to $27K out the door. But none of them have agreed so far. Will they agree to this price?
What tactics do you propose? does anyone have quotes from bay area or southern CA or any other place in California that I can use to get a match?
Any email wordings that I could use that would help?
I'd like to buy by March 31st....if possible.
Example call to dealerships. : Hello dealer x..... who is your int/ mgr? Can I have his/ her email and number? Then connect me to him / her. Read below add to your conversation with MGRS>.
Call only or visit your targeted dealerships these next 2 days. Tell each dealer you have made offers to 10 area dealers with a X- price I buy today message. Who ever meets this price gets my business. Leave your contact info if no deal is struck that moment. You will get call backs.
Play out the next 2 days . The last 2 days going into the 31st is when the real negotiating and best pricing can be made.
Tell every dealer closest to you that other Honda dealers 60, 80 miles away will meet this price but you really don't want to travel that far if you don't have to. Put each dealerships int / mgr on the spot for the immediate sale tomorrow.
Make your best deal on the 31st out of your targeted dealerships if one is not met sooner.
23 Telluride SX-P X-Line, 23 Camry XSE
Taxes here are 10% flat+354$'s DMV +80$ documentation.
Did i do good?
If you plug the EX-L and drivetrain into this link, you can find invoice and figure out by how much you beat that number.
That's kind of surprising since the Bay Area doesn't have a reputation for aggressive Honda prices. Maybe you hit a dealer at month end who needed to pad their numbers or maybe supply is beginning to outstrip demand. Either way, you've just lowered the bar for everyone out there - nice work!
Remember CA taxes are exorbitant!!!!!
You have a factory warranty for at least three years, more on the drivetrain. I'd wait and see how the new car works out. When you near the expiration of the factory warranty, then you can decide if you will be keeping the CR-V for a decade or more and you'll have a good idea about the reliability of your particular one and how the electronics are holding up. At that point if it helps you sleep better, then go for a genuine Honda extended warranty.
But shop around online for one of those too.