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Comments
Thanks for the tip on Elk Grove. We went to the dealer in Roseville tonight prepared to purchase one given a reasonable deal (even $1K or so above invoice, silly me...), but was so turned off by the offensive sales techniques we just left.
We test drove one and then went inside to buy one. That's when the salesman soured the whole deal with his technique and attitude... "Do you have any silver '05 EX-L's in stock, no NAV, no DVD?" "Yes, we have one that will arrive, probably next week." "What is the price for that one?" "I need both of your drivers licenses..." "Why do you need our licenses to tell us what the price is?" "_They_ need to know that you are serious... you're talking about buying a $40,000 car. You have to fill out this paper work to show them that you are serious... Okay, I'll just need one of your driver licenses." "You don't need a drivers license to tell me what the price is." "Well, the price is whatever is on the sticker... $34,494. That is MSRP + $2,999 dealer charge."
There were only two other potential customers there and so most of the sales staff were standing around talking to each other---maybe they just don't get much practice. I think I know why... I'll go elsewhere.
I'm not here to pimp Elk Grove Honda, but as a point of reference, they offered $400 over invoice for an EX-L. This was around 7/24 when we got the quotes. But, we chose the EX because my wife said the $2k difference could go towards the furnishings for our baby.
Oh, BTW, you may want to checkout the Costco group buying program. The local participating Honda dealership is Carmichael Honda. Just give them a call and ask for the Costco program and pricing. They quoted my $1500 under MSRP for the EX, but I don't know about the EX-L.
Good luck!
I am getting only MSRP price from some Honda Dealers in N VA.
How Much should I offer over the invoice price ?
Thanks
:shades:
EX 4dr Minivan w/Leather, Nav and Entertainment (3.5L 6cyl 5A)
MSRP Invoice
$34,295 $30,849
:shades:
I went to a Honda place today and didn't have good experience with them at all. They drew us into the place with a very low price over the phone and then after we thought we made a deal out come all kinds of fees, including etching fee, on-line registration fee, and high documentation fee. They also try to overcharge for the registration.
They also pushed an etching fee which I rejected - there is a 15% discount on comprehensive coverage with the window etching, but a security system with engine immobilizer (standard on the EX) also gets you the same discount - hence no benefit. I was not happy with the $189 documentation fee, but countered that by having $100 knocked off the base price. I believe the actual registration fee for a straight purchase should be $319 and they originally tried to charge $350. I got them to knock it down to $336 and will try and recover the additional $17.
Thanks!
Thanks.
Invoice is the price that dealers pay to manufacturers for a car - so you have a very legitimate question - how can dealers sell the car at the price they paid? Because they are not making any profits, right? However, dealers also get other incentives from the manufactures - for example, 'hold-back', advertisement fee, etc. etc. etc. And, these are no small numbers, for example (I think) for an 05 Odyssey, the hold back is around $500 (per van), and there are certain percentage (probably 1% or 2%, I am not sure, and can also change) for the ad fee. The dealers themselves have a lot of way to save or make money when they sell a car - some obvious ones are - financing (through them), trade-ins, floor planning, etc. etc. etc. I know these now (had no idea before) when I started researching on the internet about car buying a couple of months ago when I decided to get a van, and also talked to some of the local dealers. But someone who is in the car business (as I am certainly not) can correct me if I am wrong or can provide more details.
So, a dealer selling a car at invoice will still make money (may be not as much as if they were selling it a MSRP). How do you think some other car makers are making money (and staying in business) with thousands of dollars in rebates, incentives, employee pricing, etc.? Certainly, there are some profits there that we as a buyer do not see or know about. On the other extreme, there are (or were) cars that are selling (or sold) way more than MSRP - just because they are in so short supply, but with a very high demand.
Of course, in my area the 05 Odysseys were selling at least $1K above invoice, but as an informed buyer, I was able to talk to different dealers and negotiate a price that is well bellow invoice. (My internet quote was $800 over invoice, and it came down to $200 over invoice, then to bellow invoice). am not sure if I could do it late in 2004 or early 2005, versus now as the car-model-year is coming to an end. Good luck to you.
I bought my 05 Odyssey back in December of 2004 EX with cloth for $26750 with trade-in. At the time the MSRP was $28510 and Edmunds TMV price was right at the MSRP. I got $500 over TMV for my trade-in. For this reason I was fairly satisfied with the purchase at the time. I am not sure if my area (Dallas Fort-Worth) is a "tougher" area due to high demand for the Odyssey. Certainly now seeing that people are getting vans at invoice opened my eyes a bit.....
I just signed a 39 mo. lease on a 2005 EX-L with DVD. I'm paying 449 per month. No money down and tax IS NOT INCLUDED IN THE PAYMENT.
Anyone else have a lease on a 2005 EX-L with DVD? By the way, I am in one of the 5 boroughs of NYC.
Thanks and I look forward to all the great feedback!!
I just called Indy today they said that they will never sell under invoice. I get only
$32,610. I start doing research in this reform. I hope that I am not talking to DEALERS here .. please send me the contact person and I will buy right now..
Thanks
Thanks for the info. I might just give them a call.
from Bay Ridge Honda, Brooklyn NYC including destination for $28,050.(Which was actually $100 over invoice) I have been using Edmunds as a reference guide and did e-mailing to dealers for the best price. Various dealerships came back with their pricing and availability. This pricing was based through the Costco Auto Program which quoted me the price at $500 over invoice at this dealership. It was the easiest car deal I've ever made. Finished the deal in less than an hour (including paperwork), no haggling, no going back and forth with the salesperson and the manager. Can't wait to get into my new mini-van! Much thanks to Edmunds.com and the user postings!
Could someone tell the best way to send a massive quote request to a bunch of dealers? Edmunds only listed 2 out of a dozen dealer when I click the "quick quote" link.
Thanks,
http://www.bayridgehonda.com
Good luck!
This is what I paid -
EX-L - 28,050.00
NYC Tax - 2,349.19
Waste tire fee - 12.50
Inspection fee - 10.00
Plate transfer - 30.00
Cert. of title fee - 45.00
-------------------
30,496.69
Questions:
1) Did you go through the Internet department?
2) Did Pohanka charge any "processing" or administrative fees?
Thanks!
How does this price seem? What is invoice for 2006 w/DVD?
Also what sort of APR should I expect if I finance through Honda for 60 months?
I could all the input I could get. THANKS!
That car was used 2,000 mi and event car which used by automobile manufacturers. also This vehicle is still covered under the manufacturer's new car warranty.
How does this price ?